South Korea’s Financial Supervisory Service (FSS) has recently addressed the concerns surrounding the potential removal of various digital assets from local cryptocurrency exchanges. This development comes in light of the Virtual Asset User Protection Act, which aims to enhance compliance and scrutiny of listed tokens on these platforms. Contrary to initial reports, the FSS has
Cryptocurrency
The recent outflows from crypto funds have raised concerns among investors and analysts alike. After five weeks of consecutive inflows totaling $4.35 billion, the sudden reversal to $600 million in outflows has caught many by surprise. The outflows were primarily concentrated in Bitcoin and Solana funds, signaling a shift in investor sentiment towards these assets.
Ripple’s XRP has shown resilience in the face of negative market conditions, with a 1% increase in price in the past 24 hours and a 3% increase over the week. This upward trend stands in contrast to the performance of other major cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin, which have seen a dip
Ethereum (ETH) has been projected by prominent crypto analyst Jelle to surge to $5,000 by the end of this year. This forecast is based on a technical perspective with Ethereum currently stabilizing above the $3,500 mark after a correction from its March high of over $4,000. Jelle’s insights indicate significant bullish potential for Ethereum, especially
Bitcoin experienced significant volatility on Monday, with a sharp decline to a new monthly low of $64,000. Altcoins followed suit, with many experiencing massive drops, leading to 190,000 traders facing losses in a single day. After a quiet weekend hovering around $66,000, Bitcoin started the day lackluster but later gained momentum, reaching a peak of
The aftermath of the FTX collapse has led to a new legal battle over millions of dollars in assets seized from Sam Bankman-Fried (SBF), the former CEO sentenced to 24 years in prison. Various parties are now vying for control of the assets seized from SBF and former FTX executives. These assets range from airplanes
Recently, the Ethereum Foundation made a significant transaction involving millions of Ethereum (ETH) tokens. This move raised eyebrows within the crypto community, as transactions by this non-profit organization often have a notable impact on the price of the second-largest cryptocurrency. According to crypto journalist Colin Wu, a wallet associated with the Ethereum Foundation transferred a
Shiba Inu’s layer-2 scaling solution, Shibarium, has experienced a significant surge in one key indicator – the number of new accounts on the network exploded by over 860%. This surge, from just 16 to 154 within a day, indicates a rise in interest and potential growth for the protocol. The increase in new accounts could
Liquid staking and the concept of destablecoins have gained significant attention in the past year, showcasing rapid growth and innovation in the cryptocurrency space. One of the projects at the forefront of this movement is Lista DAO, which introduces an open-source liquidity protocol designed to earn yield on collateralized cryptocurrencies such as BNB, ETH, stablecoins,
The convergence of the cryptocurrency industry and artificial intelligence (AI) is predicted to significantly impact global GDP, with projections estimating a potential injection of $20 trillion by 2030. At the annual Consensus conference in Austin, industry leaders gathered to discuss the future of blockchain technology, regulation, and the expansive realm of AI. One of the