South Korea’s Financial Services Commission (FSC) has rejected plans to create a national Bitcoin reserve. The decision comes as U.S. President-elect Donald Trump pushes pro-crypto policies. FSC Chairman Kim Byung-hwan expressed caution, prioritizing investor protection over rapid adoption. 📢JUST IN: SOUTH KOREA'S FINANCIAL SERVICES COMMISSION (FSC) DROPS PLANS TO ESTABLISH
With a number of important events planned, including the FOMC Minutes, the US PCE inflation, and the Q3 GDP (first revision) data, the cryptocurrency market is about to enter a pivotal week. Furthermore, market players’ anxieties have been heightened by the cryptocurrency market’s expiration. For background, investors are waiting to
As the price of Bitcoin gets closer to its peak, the focus now shifts to the coins that have the potential to change one’s future. Of the hundreds of other cryptocurrencies in the market today, four are notable due to their exceptional capacity and potential growth: Rexas Finance (RXS), Cardano
Bitcoin retraced from its record-breaking rally, trading at $97,954, down 0.03% in 24 hours. BTC’s market cap fell below $1.9 trillion, losing over $60 billion since Friday. Meanwhile, the global crypto market cap dropped 0.74% to $3.34 trillion, with a trading volume of $199.2 billion, down 3.24% over the last
Following Donald Trump’s re-election to the U.S. president earlier this month, the analysis of the crypto policy landscape was released by the non-profit crypto industry research and advocacy organization Coin Center. Though some difficult challenges will certainly remain. The organization does concede in the report that many in the sector,
According to several local news reports, a court in Seoul, South Korea, declared virtual asset deposit platform Delio bankrupt on November 22. Delio stopped allowing withdrawals last year because they owed their clients 245 billion won ($1.75 billion). The process of liquidation will be initiated by Delio. The first creditors’
The first bitcoin spot index options including a cash settlement will be introduced by Cboe Global Markets. Options based on the newly created Cboe Bitcoin US ETF Index, which will monitor the performance of spot bitcoin ETFs traded on U.S. exchanges, are set to debut on Monday, Dec. 2. Cboe
Robert Kiyosaki, an author and Bitcoin advocate, has spoken out against the Federal Reserve. In addition, Kiyosaki praised Michael Saylor’s Bitcoin approach, founder of MicroStrategy, for its ability to help investors avoid financial problems. It is worth mentioning that this statement is made after the author’s recent endorsement of Saylor’s
Bitcoin (BTC) reached a new all-time high of $99,655.50, edging closer to the $100,000 mark. Although the price slightly dipped to $98,515 today, Bitcoin has posted its largest monthly gain ever, surging over 40.8% in November. This growth reflects increasing optimism in the broader crypto market. Over the past 15
Another high-ranking US Securities and Exchange Commission (SEC) officer has announced their impending resignation, drastically altering the trajectory of the agency. A statement made on November 22nd states that SEC Commissioner Jaime Lizárraga would resign on January 17th, which is less than three years after taking the oath of office.
