Financial authorities in South Korea are exploring the implementation of specific regulatory measures to address the misuse of cryptocurrency mixers in illicit financial activities. Originally designed for privacy protection, these mixers have increasingly become a tool for criminals to launder money, thus raising concerns among regulators. The Financial Intelligence Unit (FIU) of South Korea’s Financial
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The Web3 gaming industry has become the latest target of a sophisticated scam that preys on developers and game enthusiasts. The scam begins innocuously enough, with a Twitter direct message from an account named @ameliachicel, offering an exciting job opportunity related to a Web3 game called MythIsland. The job is specifically for a Solidity position,
In recent days, Dogecoin (DOGE), the meme coin backed by Elon Musk, has experienced a significant price correction, witnessing a decline of over 14% in the past 30 days. The decline can be attributed to the waning sentiment surrounding the hype generated by the approval of Bitcoin Exchange Traded Funds (ETFs) and the lack of
In a recent prediction, Ash Crypto, a well-known figure in the crypto trading community, has suggested that the approval of US spot Bitcoin Exchange-Traded Funds (ETFs) could potentially drive the price of Bitcoin to $500,000. Drawing a parallel to the gold market, Ash Crypto highlights how the introduction of gold ETFs resulted in a significant
The recent actions taken by Celsius, a bankrupt lending firm, have garnered attention as the company transfers more than $125 million worth of Ether to crypto exchanges in an effort to repay its creditors. This move reflects the steps taken by other firms such as FTX and Alameda Research, which also resumed funds transfer activities
The U.S. Securities and Exchange Commission (SEC) has recently decided to postpone the trial against Terraform Labs and its former top executive. The SEC deemed a small delay necessary since Terraform Labs’ co-founder, Do Kwon, intends to attend the trial. Kwon has agreed to extradition from Montenegro and is expected to arrive in the U.S.
Chainlink’s native token, LINK, recently experienced a significant downturn, dropping below the crucial $13 support level due to speculations surrounding the potential rejection of the spot Bitcoin ETF by the US Securities and Exchange Commission (SEC). However, the latest data suggests that LINK is now enjoying a “mild decoupling” from the rest of the altcoin
The crypto market is continuously evolving, driven by various factors such as the launch of Bitcoin ETFs and upcoming events like the Bitcoin halving in 2024. For investors looking to diversify and strengthen their investment portfolios, it is crucial to identify top cryptocurrencies that offer unique models and real-world utility. In this article, we will
The recent launch of the Bitcoin ETF has seen a positive impact on the Ethereum price. However, the movement of ETH holdings by Celsius Network, a bankrupt crypto lender, has raised concerns about potential destabilization. On-chain data analyzed by crypto market intelligence company Arkham Intelligence reveals that Celsius Network transferred over $125 million worth of
It has been a roller coaster ride for ENS (Ethereum Name Service) investors. As of this writing, ENS is trading for $24.63, down nearly 4% in the last 24 hours. The project has a market capitalization of $761 million, with a 31 million ENS supply in circulation. However, just a few months ago, ENS was