Key Takeaways South Korea is gearing up for parliamentary elections, with political parties strategically appealing to voters, particularly the youth interested in cryptocurrencies. The Democratic Party promises to remove restrictions on both domestic and international exchange-traded funds (ETFs) holding crypto…
Key Takeaways In a recent jury trial, Terraform Labs and its co-founder, Do Kwon, were found liable on civil fraud charges brought by the U.S. Securities and Exchange Commission (SEC) concerning the collapse of the Terra ecosystem in May 2022. …
Key Takeaways Genesis, a crypto lending firm, has completed the liquidation of its Grayscale Bitcoin Trust (GBTC) shares after securing permission from the U.S. bankruptcy court. The company announced that it successfully monetized all 36 million GBTC shares, valued at…
Key Takeaways Paraguay lawmakers have proposed a bill to temporarily ban crypto mining and related activities in the South American nation, citing concerns over illegal mining operations draining power and causing disruptions to the electricity supply. The bill, introduced by…
Key Takeaways Leading crypto exchange Binance has made waves in the digital asset world with its recent announcement regarding Bitcoin Ordinals on its NFT marketplace. On April 4th, Binance revealed that it will no longer support Bitcoin Ordinals and the…
Key Takeaways Bitcoin outflows from ARK 21Shares exchange-traded fund (ARKB) surpassed those of Grayscale’s Bitcoin Trust (GBTC) for the first time on Tuesday. Managed by Cathie Wood’s ARK Invest, ARK 21Shares Bitcoin ETF recorded daily outflows of over $87 million,…
Key Takeaways Nick van Eck, son of Jan van Eck, the CEO of VanEck, a prominent $90 billion asset management firm, is set to launch a new stablecoin named Agora digital dollar (AUSD). The initiative follows a successful $12 million…
Key Takeaways In a major development, the U.S. government has reportedly executed a substantial transfer of Bitcoin to a wallet associated with Coinbase. This transaction, occurring on a Tuesday morning, involved the movement of approximately 30,175 Bitcoin, which, at the…
Key Takeaways China has unveiled a new project in collaboration with Conflux Network, showing their strong commitment to blockchain technology and its potential within the Belt and Road Initiative. Despite this, it’s worth noting that Chinese regulations still don’t allow…
Key Takeaways Tether, the force behind USDT stablecoin, recently boosted its Bitcoin reserves with an acquisition of 8,888 BTC on March 31, valued at $618 million. This move marks a significant step in Tether’s ongoing Bitcoin accumulation strategy, pushing its…
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