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Bank of Japan (BoJ) Governor Kazuo Ueda has hinted at the possibility of further rate hikes. This comes as the BoJ continues to assess economic conditions and inflation trends. Ueda’s remarks signal a potential shift in the bank’s monetary policy, aiming to address ongoing inflationary pressures. According to recent reports,
The global crypto regulatory sector has shown a spike in activity in 2024. Leading nations such as the US and UK announced new regulatory plans while on the other hand, Eastern countries also made advancements. Presently, in the past day, South Korea’s regulatory body, the Financial Supervisory Services (FSS) announced
As of September here, the anticipation is high that the Federal Reserve’s Federal Open Market Committee (FOMC) meeting, scheduled for 17 and 18 of this month, might decrease the federal funds rate. Notably, the prediction platform, Polymarket, traders are betting on the federal rate cut with a $10.9 million volume.
Historically, September has been a challenging month for financial markets, including the cryptocurrency sector. Over the past decade, Bitcoin (BTC) has declined during September in 8 out of 11 years, with an average drop of around 8%. This pattern aligns with broader market trends, as September tends to be bearish
South Korea’s major telecom and financial giants, SK Telecom and Hana Financial Group, have become significant shareholders in BitGo. This was announced by Mike Belshe, BitGo CEO during the Korea Blockchain Week 2024 event in Seoul. Hana Financial Group, one of the largest financial institutions in South Korea, acquired a
Vitalik Buterin, co-founder of Ethereum, thinks that with the help of AI and prediction market technologies, the social media platform X can speed up the generation of Community Notes. Users may provide more context to postings that might be misleading by using the Community Notes, which is an X feature.
FTX, the crypto exchange that faced bankruptcy in November 2022 is planning to repay creditors in the fourth quarter of 2024 which is starting this October. They are redistributing 16 billion dollars. It owes more than two million customers and other non-governmental creditors about $11 billion. This vital move marks
Mark T. Uyeda, a commissioner at the U.S. Securities and Exchange Commission (SEC), has called for a specialized S-1 registration form tailored to digital asset securities. Speaking during a fireside chat at the Korea Blockchain Week 2024 event in Seoul, Uyeda emphasized the need for the SEC to adopt a
Ripple’s Chief Legal Officer, Stuart Alderoty, has openly criticized the U.S. Securities and Exchange Commission (SEC) for its repeated use of the term “crypto asset security”. Alderoty in his X post stated, “The term ‘crypto asset security’ is nowhere to be found in any statute, it’s a fabricated term with
Russian authorities have confiscated 238 mining rigs from a community that is said to be entirely focused on gardening. The Irkutsk region in Southeastern Siberia has become the unofficial capital of the Russian Bitcoin mining sector, where illegal crypto mining continues. This is due to its famously low energy rates,
