Author: e_cash_top
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South Korea proposes stricter screening of crypto executives
[ad_1] The South Korean Financial Services Commission (FSC) has announced significant legislative amendments aimed at tightening regulations surrounding virtual asset business operators, specifically focusing on the accountability and duties of crypto executives. The partial amendment to the Enforcement Decree of the Act on Reporting and Use of Specific Financial Transaction Information, under Finance Commission Notice No.…
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Oobit token soars 31% after securing $25 million in funding led by Tether
[ad_1] Singapore’s Oobit, a mobile payment app, experienced a remarkable 31% surge in its native OBT token following a successful Series A funding round that raised $25 million, attracting key stakeholders, including Tether. Per CoinMarketCap data, the OBT token’s value peaked at $0.1034, witnessing an impressive 35,000% surge in trading volume, reaching $2.51 million post-announcement.…
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Two Bitcoin funds hit top 10 ETF inflows across all categories in January
[ad_1] Quick Take January ETF flows demonstrated a new trend in the investment landscape. Although the iShares Core S&P 500 ETF ($11.8 billion) and the Vanguard S&P 500 ETF ($9.9 billion) led the month, two Bitcoin-focused ETFs carved out a notable place on the leaderboard, according to Geraci. Despite having a fraction of the net…
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U.S. leads in Bitcoin price surge as Asia sees decline
[ad_1] Quick Take A deep analysis of Bitcoin transactions and their correlation with working hours across major geographical regions reveals a striking disparity in price performance. Analyzing 8 am to 8 pm Eastern Time, Central European Time, and China Standard Time for the U.S., Europe, and Asia, respectively, allows insights into Bitcoin price change within…
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Montenegro deports former Terraform Labs CFO to South Korea amid fraud allegations
[ad_1] Montenegro has reportedly deported the former financial officer of Terraform Labs, Han Chang-Joon, back to South Korea to face criminal proceedings. According to reports, law enforcement agencies referred to him as J.C.H. He was “handed over to the competent judicial and police authorities in South Korea today in order to conduct criminal proceedings for…
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Hacked crypto funds falls 98% YoY to $1.9 billion as US leads attacks: Report
[ad_1] In 2023, the blockchain security landscape witnessed a $50 billion drop in lost crypto assets, depicting a shift towards enhanced security protocols and the maturation of the DeFi ecosystem. According to crypto security firm Hacken’s end-of-year report, last year marked a notable reduction in the scale of financial damages from hacks and scams. Total…
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Hong Kong sets deadline for crypto exchange licensing applications or face shutdown
[ad_1] Hong Kong’s Securities and Futures Commission (SFC) told unregistered Virtual Asset Trading Platforms (VATPs) within its region to submit their licensing applications by Feb. 29 or close their businesses by May 31, according to a Feb. 5 notice. The financial regulatory authority reaffirmed this deadline for cryptocurrency trading firms while advising investors to engage…
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El Salvador to expand Bitcoin initiatives following Bukele’s landslide re-election
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Trump calls CDBCs “very dangerous” and labels the power of AI “scary”
[ad_1] Former President Donald Trump expressed significant concerns about central bank digital currencies (CBDCs) and advancements in artificial intelligence (AI) during an interview on Fox’s Sunday Morning Futures. With the Republican Party potentially nominating him for the 2024 presidential election, Trump’s critical views on these issues are capturing widespread attention. CBDCs: A Pathway to Government…
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FTX files motion to offload $1.4 billion stake in AI startup Anthropic
[ad_1] Defunct cryptocurrency exchange FTX has filed a motion seeking court permission to divest its 8% stake in artificial intelligence company Anthropic Holdings. The move is a key component of FTX’s comprehensive plan to liquidate holdings and marshal resources aimed at repaying customers and creditors impacted by its collapse in November 2022. Anthropic sale Under…