On October 10, South Korea’s Financial Services Commission (FSC) signaled a significant step in the country’s crypto regulations by announcing the formation of a Virtual Asset Committee. This dedicated body aims to provide strategic oversight and guidance for the approval of spot crypto exchange-traded funds (ETFs) in South Korea. By placing the committee under the
Safety
Taiwan is positioning itself at the forefront of the digital asset revolution with the launch of a new pilot program spearheaded by its Financial Supervisory Commission (FSC). Announced on October 8, this initiative is poised to enable financial institutions to explore opportunities in digital asset custody services. As various sectors in the economy increasingly recognize
In August 2016, the cryptocurrency exchange Bitfinex experienced one of the most significant hacks in the history of digital asset exchanges, resulting in the theft of around 120,000 Bitcoins (BTC). This cyberattack not only sent shockwaves through the cryptocurrency market but also raised pressing questions about the security protocols of exchanges and the protection of
On October 7th, the cryptocurrency scene was shaken by a sudden, dramatic plunge of Bitget’s native BGB token. Starting at $1.15 and plummeting to as low as $0.5344 within a mere ten minutes, the volatility created ripples of concern among traders and investors. The swift nature of this decline—56% in just five minutes—raised eyebrows and
In recent years, meme coins have surged in popularity within the cryptocurrency community, captivating the attention of both seasoned traders and casual investors alike. These cryptocurrencies, often named after internet memes or pop culture references, thrive on community engagement and social media buzz. While some have shown remarkable returns, many others have spiraled into obscurity
The recent settlement between TrustToken and TrueCoin, the developers behind the TrueUSD (TUSD) stablecoin, and the U.S. Securities and Exchange Commission (SEC) has raised significant concerns within the cryptocurrency space. The entities agreed to a settlement involving $700,000 in penalties for allegations of fraudulent activities, particularly regarding the unregistered sales of investment contracts. This settlement
The cryptocurrency landscape has come under serious scrutiny in recent months due to a significant increase in hacking incidents. In September 2024 alone, reports from the blockchain security firm PeckShield outlined an alarming wave of over 20 distinct hacking episodes, accruing losses exceeding $120 million. This spike in illicit activities raises urgent questions regarding the
In recent news, South Korea’s Personal Information Protection Commission (PIPC) levied a staggering collective fine of KRW 1.14 billion (approximately $861,408) on Worldcoin and its affiliated company, Tools for Humanity (TFH). This regulatory action, taken on September 25, 2023, arose from significant violations of the Personal Information Protection Act (PIPA), particularly regarding the handling of
In July 2023, the Indian cryptocurrency exchange WazirX suffered a staggering $230 million hack that sent shockwaves through the crypto community. Given the size of the breach, users were understandably concerned about the safety and recoverability of their assets. The aftermath of the incident forced WazirX to confront an immediate crisis management scenario. In a
As cryptocurrencies become increasingly mainstream, the demand for reliable trading platforms is surging. Numerous crypto exchanges have sprung up to cater to this growing market, each offering distinctive features and functionalities. For both novice traders and seasoned investors, finding the right exchange is paramount. The choice can be the difference between yielding profits or facing