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  • south-korea-launches-metaverse-fund-to-expedite-domestic-initiatives

    South Korea launches Metaverse Fund to expedite domestic initiatives

    With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem. While some global economies got distracted by the commotion around price instability and ecosystem collapses in crypto, South Korea doubled down on the potential of the metaverse as a new economic growth engine.South More

  • bitcoin-price-faces-key-moving-average-showdown-3-weeks-after-breakout
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    Bitcoin price faces key moving average showdown 3 weeks after breakout

    The 200-day moving average is coming back to haunt BTC bulls after staying as resistance for over a year. Bitcoin (BTC) saw no relief at the Feb. 10 Wall Street open as United States equities dipped further.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView”All eyes” on 200-day moving averagesData from Cointelegraph Markets Pro and TradingView followed More

  • hong-kong-will-not-tolerate-algorithmic-stablecoins-in-new-regulation

    Hong Kong will not tolerate algorithmic stablecoins in new regulation

    The new regulatory regime for stablecoins in Hong Kong should arrive no later than 2024. In the key principles of its upcoming regulatory framework, the Hong Kong Monetary Authority (HKNA) didn’t find a place for algorithmic stablecoins. Instead, the chief financial regulator will demand all stablecoin issuers back up their values with underlying reserve assets More

  • sbf-to-forfeit-$700m-worth-of-assets-if-found-guilty-of-fraud

    SBF to forfeit $700M worth of assets if found guilty of fraud

    While most of SBF’s assets have been seized, Federal prosecutor Damian Williams outlined that the government is also looking to take control of three of his affiliated Binance accounts. According to new court filings, disgraced FTX founder Sam Bankman-Fried (SBF) will be subject to the forfeiture of roughly $700 million worth of assets if he More

  • abnormal-token-price-movements-on-binance-not-hack-related,-confirms-cz

    Abnormal token price movements on Binance not hack-related, confirms CZ

    On Dec. 11, Binance issued a notice about abnormal price movements for some trading pairs. As a result, the exchange began an investigation to narrow down suspicious accounts responsible for the issue. Crypto exchange Binance began investigating suspicious behavior on its platform after noticing abnormal price movements for certain trading pairs involving Sun Token (SUN) More

  • blackrock-ceo:-ftx-token-caused-downfall,-but-tech-still-revolutionary

    BlackRock CEO: FTX Token caused downfall, but tech still revolutionary

    Despite taking issue with tokens created by centralized exchanges, BlackRock’s CEO sees securities tokenization as the next evolution of the financial market. The CEO of the worlds largest asset management firm, BlackRock, believes that the reason why FTX failed is because it created its own FTX Token (FTT), which was centralized and therefore at odds… More

  • vitalik-buterin-offers-lessons-for-crypto-in-wake-of-the-ftx-collapse

    Vitalik Buterin offers lessons for crypto in wake of the FTX collapse

    Ethereum co-founder Vitalik Buterin said the collapse of FTX has illustrated once again that the problem lies in people, not technology. Ethereum co-founder Vitalik Buterin has spoken out in the wake of the FTX collapse, offering his thoughts and some positives from one of crypto’s biggest black swan events.In a Nov. 20 Bloomberg interview, Buterin… More

  • breaking:-bahamas-securities-regulator-freezes-ftx-assets

    Breaking: Bahamas securities regulator freezes FTX assets

    The Bahamas Securities Commission said FTX’s assets could not be moved without the approval of a Supreme Court-appointed liquidator. The Bahamas Securities Commission (BSC) — the country’s securities regulator — froze the assets of FTX Digital Markets (FDM) and “related parties” on Nov. 10 and suspended FTX’s registration in the country.In a statement the BSC… More

  • hong-kong-financial-regulator-issues-guidelines-for-crypto-futures-etfs
    in ,

    Hong Kong financial regulator issues guidelines for crypto futures ETFs

    The Securities and Futures Commission hinted it would follow in the CME’s footsteps by only initially allowing listings of ETFs linked to Bitcoin and Ether futures. The Securities and Futures Commission of Hong Kong has set up requirements for entities considering a public offering of an exchange-traded fund (ETF) tied to cryptocurrency futures.In an Oct.… More

  • crypto-biz:-bear-market-claims-another-casualty

    Crypto Biz: Bear market claims another casualty

    German crypto bank Nuri joins a growing list of crypto service providers to shutter their doors permanently amid the bear market. Three Arrows Capital. Celsius. Voyager Digital. The list of crypto bankruptcies, shutdowns and trading freezes has been endless in 2022. And the year isn’t over yet. This week, German crypto bank Nuri urged its… More

  • tether-stablecoin-issuer-freezes-8.2m-usdt-on-ethereum:-data

    Tether stablecoin issuer freezes 8.2M USDT on Ethereum: Data

    Tether has frozen a total of 215 USDT addresses on Ethereum in 2022 so far, according to data compiled by ETH researcher Philippe Castonguay. Major stablecoin issuer Tether froze yet another batch of USDT on the Ethereum blockchain, freezing more than $8 million worth of the cryptocurrency.Crypto monitoring resource Whale Alert has identified several transactions… More

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