The Virtual Asset User Protection Act, the first law in South Korea specifically pertaining to cryptocurrencies, was recently passed by the National Assembly. Thus, marking a major step forward in protecting investors. According to the Assembly’s website, the legislation would become effective in one year. The bill is a compromise
Blockchain technology has revolutionized how information is stored and transferred, particularly within the realm of cryptocurrencies. With its transparent and decentralized nature, blockchain layer has become a breakthrough innovation of the 21st century. However, understanding the intricate workings of blockchain can be challenging. In this article, we will simplify the
After receiving feedback from authorities that their proposed exchange-traded fund for Bitcoin spot markets was inadequate, BlackRock has resubmitted a revised proposal. BlackRock has addressed one of the primary concerns the SEC has voiced when rejecting applications for Bitcoin spot ETFs in the past, saying it will be finalizing a
Belarus is getting ready to impose a partial ban on cryptocurrencies. Sunday’s announcement from the Ministry of Internal Affairs said that criminals were using P2P crypto services as a means of money laundering. In addition, the group said in the statement that it was working on legislation to prohibit the
Bybit, the cryptocurrency exchange, has upgraded its copy trading feature to offer users advanced opportunities through automated trading. Copy trading is a strategy where inexperienced or busy traders replicate the trades or investment strategies of experienced traders. Through a dedicated platform offered by a brokerage or social trading network, these
In recent news, the popular banking and crypto trading platform Revolut announced its plans to delist three major cryptocurrencies: Cardano (ADA), Solana (SOL), and Polygon (MATIC), from its trading platform in the United States by September 18. The decision was reportedly influenced by shifting laws and regulations surrounding cryptocurrencies in
Verge (XVG), the prolonged dead crypto currency, has experienced an unprecedented surge in trading volume, skyrocketing by a staggering 383% within the last 24 hours to record $507 million. Also, the Verge (AVG) price soared over 300% in a week. This remarkable rally in the crypto has propelled Verge to
Regarding Bitcoin, the next key event is just around the corner: the ‘halving.’ Bitcoin halving refers to the decrease in rewards for Bitcoin miners, occurring every 210,000 blocks mined or approximately every four years. This event is critical in maintaining the cryptocurrency’s scarcity and value over time. However, a new
Bitunix, a prominent cryptocurrency derivatives exchange, has unveiled its latest feature that allows users to conveniently purchase cryptocurrencies using Visa and Mastercard credit cards directly on its platform. This integration aims to streamline the process of acquiring digital assets, making it more accessible to a wider audience. Bitunix Expands Payment
In order to safeguard investors, the Securities and Exchange Commission (SEC) of Thailand has announced new regulations for companies that offer services related to digital assets. In accordance with the new regulations, companies providing digital asset services must clearly communicate the dangers of investing in cryptocurrencies. A predefined message must
