Dunamu Inc., the parent organization behind Upbit, South Korea’s foremost cryptocurrency exchange, has found itself at odds with the nation’s Financial Intelligence Unit (FIU). The conflict arose when Dunamu filed a lawsuit aimed at nullifying a suspension order imposed by the FIU. This legal skirmish highlights the intensifying scrutiny imposed by South Korean authorities on
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In the rapidly evolving world of cryptocurrency, regulatory measures are crucial for maintaining market integrity and investor confidence. However, recent actions by the U.S. Securities and Exchange Commission (SEC) have raised eyebrows, particularly among its own commissioners. Caroline Crenshaw, a commissioner at the SEC, has voiced strong criticism regarding the agency’s decision to dismiss several
On February 28, the cryptocurrency market is set to witness the expiry of around 58,000 Bitcoin options contracts, which carry a staggering notional value of approximately $4.7 billion. This particular expiry is noteworthy as it aligns with the end of the month, typically a period characterized by heightened market activities. However, analysts predict that the
The cryptocurrency market, particularly Bitcoin, is undergoing fluctuations that have caused alarm among investors and analysts alike. Recent events suggest that Bitcoin might be entering a bearish phase, a reality supported by unprecedented volatility and significant downward pressure on prices. While some optimistic voices remain hopeful for a rebound, prevailing sentiment indicates fears of a
In the realm of digital finance, a formidable adversary has emerged that poses a significant threat to cryptocurrency exchanges and users alike: North Korea’s Lazarus Group. This state-sponsored hacking collective has once again made headlines following the audacious $1.5 billion cyberattack on the cryptocurrency exchange Bybit. This incident, which unfolded on February 21, involved a
In recent years, the cryptocurrency landscape has been heavily influenced by memecoins, which are often whimsical and lack serious utility. These digital assets, characterized by their viral nature and social media references, thrive primarily on speculation and community engagement rather than established economic fundamentals. The U.S. Securities and Exchange Commission (SEC) recently made a significant
The recent announcement from Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, marks a pivotal moment for the crypto industry. The U.S. Securities and Exchange Commission (SEC) has closed its extensive investigation into the exchange, leading to the decision not to pursue any enforcement actions. While this should be welcomed as a relief for Gemini,
The recent hack involving Bybit and Safe Wallet has sent shockwaves through the cryptocurrency community, not only because of the staggering loss estimated at nearly $1.5 billion but also due to the revelation of fundamental flaws in security protocols. Former Binance CEO Changpeng Zhao (CZ) has voiced his concerns regarding Safe Wallet’s analysis of the
The UK is witnessing a robust evolution in its legislative strategy against crime, particularly in the realm of digital assets. With the ongoing deliberation of the Crime and Policing Bill in the House of Commons, the government is taking significant steps towards bolstering the law enforcement apparatus. This proposed legislation is designed to empower authorities
In an unexpected turn of events, the U.S. Securities and Exchange Commission (SEC) has signaled a major pivot in its approach to regulation by agreeing, in principle, to dismiss its securities enforcement case against Consensys. This decision, announced on February 27, marks a significant moment for both the blockchain industry and regulatory dynamics. The formal