Cryptocurrency exchanges that fail to meet South Korea’s stringent operating standards will be expelled from the crypto market, the country’s financial intelligence agency has said. The Financial Intelligence Unit said its annual work plan incorporates the insights of cryptocurrency experts serving on its advisory committees.
South Korea to Deploy System for Identifying Suspicious…
Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply Growth
February 15, 2024
Statistics reveal that since the onset of February 2024, the stablecoin sector has experienced a significant expansion, with an increase of $1.7 billion in its economy. In the last 30 days, both usd coin and first digital usd witnessed their supplies jump by 9.6% and 40.3%…
Report: Genesis Global Cleared to Unload $1.3 Billion in GBTC Shares
February 15, 2024
Genesis Global Capital has received authorization to offload its stake in Grayscale’s Bitcoin Trust (GBTC), valued at approximately $1.3 billion.
Genesis Global Permitted to Liquidate $1.3 Billion in Bitcoin Trust Shares
According to Bloomberg, Genesis Global Holdco LLC…
Crypto Economy Hits $1.9 Trillion on Valentine's Day Surge: DYM, STX, and SEI Lead Gains
February 15, 2024
At the time of writing, the value of the crypto economy has reached $1.93 trillion, with bitcoin alone accounting for $1 trillion of this total. Bitcoin and ethereum have experienced increases of 4.2% and 5.3%, respectively. Meanwhile, a few crypto assets have posted even more significant gains against the U.S. dollar. DYM surged by 16.8%, STX soared 16.1%, and SEI enjoyed a 15.5% uptick in the…
Ethiopia’s Affordable Hydropower and Adoption of Crypto Mining Attracts Chinese Bitcoin Miners
February 14, 2024
The Ethiopian state electricity company has reportedly signed power supply agreements with 21 mainly Chinese bitcoin miners. The African country’s pursuit of foreign exchange has seemingly taken precedence over the concerns often raised by climate change…
CAGA Crypto Keeps Doors Open to Three Ongoing Airdrop Campaigns with Generous Rewards
February 14, 2024
PRESS RELEASE. USA, New York, February 13th, 2024 – CAGA Crypto, a growing project in decentralized finance, is thrilled to announce the successful start of three prominent airdrop campaigns that were launched on February 7, 2024. These campaigns offer participants the…
Solana Mobile, a smartphone-focused subsidiary of Solana Labs, has announced that its second mobile phone, Chapter 2, has reached 100k preorders in less than 30 days, hitting a milestone that now guarantees the production of the hardware device. The company reported that the preorder price of $450 will be maintained only for the next two days.
Solana Mobile’s Chapter 2 Preorders Hit 100K…
Expert Calls for Full Cryptocurrency Regulation in Nigeria to Mitigate Digital Asset-Related Financial Crimes
February 13, 2024
Nigeria must fully regulate crypto activities if it wants to curb financial crimes associated with digital assets, a forensic expert has said. The co-founder of A&D Forensics also called on Nigeria to enact laws that would mandate banks to vet service providers before…
Bitcoin Technical Analysis: BTC Bulls Retreat From Near $49K Peak
February 13, 2024
As of Feb. 12, 2024, bitcoin displays a robust upward momentum across several charts, underscored by its sharp ascent from $47,593 to $48,814 on Sunday. On the subsequent Monday, bitcoin’s market value reached $939 billion, with a trading volume of $21.57 billion for the…
With its price positioned at $2,485, ethereum’s daily fluctuations have ranged from $2,309 to $2,541, highlighting a market that is both dynamic and erratic. The current market capitalization of ether is approximately $299.25 billion, and in the last 24 hours, ethereum has seen a global trading volume of $6.91 billion. Following a peak in the $2,541 range, ether bulls are taking a breather from…
