The South Korean government announced that it imposes sanctions on 15 North Korean individuals and one entity involved with illegal activities today. A North Korean cyber unit called 313 Bureau is also sanctioned for involvement in crypto theft. Announcements like these, amidst increasing cybercrimes and crypto hacks, put a break
Israel is set to debut six Bitcoin mutual funds on December 31, marking a milestone for local crypto investment. The Israel Securities Authority (ISA) approved the funds last week, following years of requests from asset managers. The mutual funds will be managed by six firms: Migdal Capital Markets, Phoenix Investment,
Amidst raising institutional adoption of Bitcoin and global countries considering it for creating a reserve fund, Bitcoin is struggling to regain its previous highs. After falling to the lows of $92,000 price range, Bitcoin is slowly recovering and is trading in the $98k range today. Considering the limited supply and
The results of the election, according to leading crypto trading firms, have been a major reason for the dramatic rise in over-the-counter trading volumes throughout the last few months. Head of institutional at crypto exchange Kraken Tim Ogilvie told The Block, “Long story short, OTC is going gangbusters right now.”
Thaksin Shinawatra, Thailand’s former prime minister, suggested a Bitcoin pilot project in Phuket as a test field for the cryptocurrency with an eye on the tourist industry. The CEO of Binance Thailand thinks it’s a great idea and would help the nation compete and attract tech-savvy tourists, so he’s on
Reportedly, after Donald Trump’s victory in the US presidential election in November, the number of South Korean crypto holders rose. The number of cryptocurrency users in South Korea rose by 610,000 in November, according to Yonhap News, a South Korean media organization that published the statistics on December 25. Democratic
Investors are paying close attention to the well-known dog-themed meme cryptocurrency, SHIB, because of the recent spike in the burn rate. Amidst recent ecosystem events, there has been considerable optimism around the meme coin. Due to recent burn statistics showing that millions of coins were removed from the token’s circulation.
In response to encouraging legislative developments in other world-class jurisdictions, including Europe, Turkey passed new cryptocurrency regulations in the last week of 2024. According to a document published in the Official Gazette of the Republic of Turkey on December 25. Customers who conduct transactions over 15,000 Turkish liras ($425) would
Do Kwon, co-founder of Terraform Labs, was previously granted an additional legal avenue when the Constitutional Court of Montenegro allegedly rejected an appeal by the Korean cryptocurrency tycoon over his extradition. Korea JoongAng Daily reports that the court’s unanimous verdict essentially upheld an earlier finding supporting Kwon’s extradition. By citing
As many countries, including the United States, show growing support for cryptocurrency, India’s Ministry of Finance recently discussed its views on Decentralized Finance (DeFi), highlighting both its promise and the challenges it poses. In response to a question in the Rajya Sabha, Pankaj Chaudhary, Minister of State for Finance, acknowledged
