South Korean financial regulators are intensifying their scrutiny of domestic cryptocurrency exchanges to combat questionable trading practices. The Financial Supervisory Commission (FSC), South Korea's top financial regulator, is developing a comprehensive system to monitor suspicious cryptocurrency trading activities, as reported by Bloomberg. The FSC has now mandated that local exchanges ...
HashKey Group has launched its long-awaited native token, $HSK, and it will be distributed through an airdrop campaign on Telegram. The announcement, made on Tuesday, July 2, 2024, revealed that participants can claim $HSK tokens by engaging with a Telegram bot game called "DejenDog" and completing specified tasks. The HashKey ...
South Korean cryptocurrency exchanges are set to reevaluate over 1,000 previously listed tokens in response to the upcoming implementation of the country’s new crypto rules, the Virtual Asset User Protection Act. On July 2, the Digital Asset Exchange Alliance (DAEX), representing five major Korean crypto exchanges, announced that approximately 20 ...
The Blockchain Association, a U.S.-based crypto advocacy group, has lauded recent comments by SEC Commissioner Mark Uyeda, praising his "nuanced, innovation-forward approach" as essential for the cryptocurrency industry. This commendation comes in response to Uyeda's critique of the SEC's current approach to crypto disclosure rules, which he described as "problematic." ...
Despite the overall bearish trend in the crypto market, June saw an uptick in exploitations within the sector. According to a report from blockchain analytics platform PeckShield Alert, hackers stole $176.2 million worth of digital assets from cryptocurrency platforms in June. However, this figure represents a 54.2% decrease from May's ...
Indian authorities have arrested a citizen for operating a cryptocurrency Ponzi scheme that defrauded over 50 people of more than $190,000. According to a local report, police arrested Kunjathbail Mujib Sayyad, the alleged mastermind behind "Max Crypto Trading," in Hyderabad following a complaint by Shaik Ahmed from Farooqnagar village in ...
Turkish lawmakers have passed a cryptocurrency bill that could impose hefty fines of up to $182,600 and prison sentences of up to five years for violations. The legislation, introduced by the ruling AK Party's chairman Abdullah Güler in May, now awaits President Recep Tayyip Erdoğan's approval. If signed, it will ...
Hashed Ventures, a crypto venture capital firm based in Seoul, South Korea, is set to expand its operations into Abu Dhabi through a strategic partnership with the city's tech ecosystem group, Hub71, according to Bloomberg. CEO Simon Kim reportedly announced that the firm will establish a local office in Abu ...
The European Council has unveiled its 14th package of sanctions, focusing on crypto providers outside Europe that support Russia's defense-industrial base. This latest round of measures aims to tighten restrictions on key sectors of the Russian economy, including energy, finance, and trade. According to a press release, the Council has ...
Hong Kong officials have made a strong pitch to attract Canadian crypto and Web3 startups to set up shop on the island. At the Collision 2024 tech conference in Toronto, Emily Mo, director of the Hong Kong Economic and Trade Office in Toronto (Toronto ETO), led the charge, highlighting Hong ...
