Day: 18 February 2025

South Korea’s Financial Services Commission (FSC) is preparing to announce its decision on potential sanctions against Upbit, the country’s largest cryptocurrency exchange, following extensive customer identity verification regulations violations. According to The Korea Times, an investigation into Upbit’s business license renewal uncovered over 700,000 instances of non-compliance with key anti-money ...

Spot Bitcoin ETFs in the U.S. have seen a reversal, recording net weekly outflows for the first time in six weeks. According to data from SoSoValue, the 12 spot Bitcoin ETFs experienced $585.65 million in net outflows for the week ending February 14, ending a streak that had brought in ...

At the end of 2024, asset manager Franklin Templeton predicted that many nation-states would adopt Bitcoin as a strategic reserve asset in 2025. While specific nations were not named, Franklin Templeton highlighted a growing trend among countries looking to leverage Bitcoin for financial stability and resilience. Countries like El Salvador ...

Australian Transaction Reports and Analysis Centre (AUSTRAC) is increasing its enforcement actions against non-compliance in Australia's digital currency exchange sector after addressing issues with remittance services and crypto providers. The agency has targeted 13 digital currency exchanges, with over 50 others under investigation for underreporting suspicious transactions and not fulfilling ...

Have you been keeping an eye on the latest movers and shakers in the crypto world? As of February 17, 2025, Sonic has emerged as a top gainer, with its price experiencing a notable surge. Meanwhile, Bitcoin Cash (BCH) continues to hold its ground, maintaining stability in a fluctuating market. ...

Standard Chartered’s Hong Kong branch, crypto investment firm Animoca Brands, and telecommunications giant HKT have formed a joint venture to issue a stablecoin tied to the Hong Kong dollar. Announced on February 17, the collaboration aims to apply for a license under the Hong Kong Monetary Authority’s (HKMA) updated regulatory ...

Why is there a buzz among investors about recent shifts in the crypto market? The Litecoin (LTC) price is showing bullish signs, while the Ethereum Foundation is preparing for another pivotal upgrade, signaling robust vitality and innovation within the blockchain sector. Amidst these established giants, Web3Bay is emerging as a ...

Scammers posing as Saudi Arabia’s Crown Prince Mohammed bin Salman has launched a fraudulent cryptocurrency, exploiting the growing hype around celebrity-endorsed memecoins. The deceptive token, branded as the “Official” Saudi Arabia memecoin (KSA), was introduced on February 17 through a now-deleted post on X by an account impersonating the crown ...

In a market dominated by well-established cryptos like Cardano (ADA) and PEPE, a new player is emerging with groundbreaking AI-driven innovation, RCO Finance (RCOF). While PEPE capitalized on memecoin hype and Cardano built a solid reputation for long-term blockchain development, RCO Finance is setting itself apart through its AI-powered trading ...

Bundesbank President Joachim Nagel emphasized the necessity of a state-controlled digital euro to mitigate private sector influence in global finance. At an OMFIF event at the London School of Economics, he cautioned about the risks associated with Bitcoin and advocated for developing central bank digital currencies (CBDCs). Nagel dismissed Bitcoin ...