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Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges

August 20, 2022 0

The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can be imposed,” the

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Top 10 PoW Dominance Evaporates 9 Years Later, Only Two Proof-of-Work Coins Will Remain After The Merge

August 19, 2022 0

The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) to proof-of-stake (PoS) as The Merge is expected to happen 27 days from now. After Ethereum transitions from PoW to PoS, only two crypto assets in the top ten market cap rankings will be PoW tokens, which is a […]

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Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1

August 19, 2022 0

Bitcoin’s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bitcoin miners capitulated over the last two weeks, selling 5,925 bitcoin worth millions, according to cryptoquant.com data. More Than 6,100 Bitcoin […]

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Crypto Fear and Greed Index Shows Market Sentiment Remains Fearful

August 19, 2022 0

After the Crypto Fear and Greed Index (CFGI) dropped to significant lows and pointed to “extreme fear” in crypto markets at the end of May, and throughout most of June, today the CFGI rating is still in the “fear” zone, but it has seen an improvement. On June 19, the CFGI rating tapped a low […]

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Biggest Movers: DOGE Extends Recent Declines, Falling by Nearly 15% on Friday

August 19, 2022 0

Dogecoin fell for a third consecutive session on Friday, with the token dropping by almost 15% in today’s session. As of writing, the global cryptocurrency market cap is roughly 8% lower, with the majority of the top 100 in the red. Filecoin was another notable mover, falling by nearly 20%. Dogecoin (DOGE) Dogecoin (DOGE) was […]

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Value Locked in Defi Loses $5.7 Billion in 5 Days, Smart Contract Tokens Shed 7.8% in 24 Hours

August 19, 2022 0

The total value locked (TVL) in decentralized finance (defi) has slid 8.53% over the last five days since August 14, 2022. At the time, the TVL was $67.87 billion but today, the value locked in defi is approximately $62.08 billion. Moreover, the top smart contract platform tokens by market valuation today are worth $372 billion, […]

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Bitcoin, Ethereum Technical Analysis: BTC Plunges Below $22,000, While ETH Nears 10-Day Low

August 19, 2022 0

Bitcoin was significantly lower on Friday, as the token fell by over $1,500 in a 24-hour period. The world’s largest cryptocurrency has been declining all week, however today’s drop engulfed previous losses. Ethereum was also in the red, as the token fell below $1,700 for the first time in almost ten days. Bitcoin Bitcoin (BTC) […]

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Qatari National Blockchain Blueprint Spotlights Benefits of the Technology to Country’s Economy

August 19, 2022 0

Qatar’s recently released “National Blockchain Blueprint” has suggested that the technology, combined with a “solid regulatory framework,” can help the country build an innovative information technology (IT) sector. However, for this to happen, Qatar must implement recommendations laid out in the blueprint. Qatar Said to Be Well Placed to Become Blockchain Hub A blueprint

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Whitepay Introduces Crypto Payments to Ukraine’s Tech Stores

August 19, 2022 0

Ukrainians will be able to purchase electronics and other products with digital coins thanks to a service provided by Whitepay. The payment processor, established by the Ukrainian-born digital asset exchange Whitebit, has recently implemented crypto payments in the country’s largest tech stores. Crypto Platform Whitepay Launches Coin Payments in Major Tech Stores in

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Kaiko Report Shows Latam Harnessing Crypto Mostly for ‘Real World’ Use Cases

August 19, 2022 0

The latest data debrief issued by Kaiko, a provider of digital assets market data, has found that while there is retail movement in Latam regarding crypto assets, most liquidity is directed to “real world” use cases. Among these activities are remittances, stablecoin-based yield generating investment options, and also payments, with Bitso and Mercado Bitcoin being […]