Crypto news

South Korea’s financial regulator, the Financial Services Commission (FSC), has announced new possible penalties for cryptocurrency exchanges based or operating in the country if they fail to comply with existing anti-money laundering (AML) rules.New Penalties for Crypto Exchanges in South KoreaAccording to the FSC’s statement from earlier today, the newly-announced initiative will affect all virtual asset service providers (VASPs), including digital asset exchanges.The revision proposal for...

ETH/USD – Bulls Run Into Resistance At $1875Key Support Levels: $1800, $1755, $1700.Key Resistance Levels: $1875, $1900, $1960.Ethereum has seen a strong bullish week as it is up by a total of 24% over the past seven days. At the start of March, the coin was struggling to break the resistance at $1580 (bearish .382 Fib). However, they finally poked above during the weekend.The coin was rising every day this week until it hit the resistance at $1875 (1.414 Fib Extension – yellow) yesterday....

The United States government is hosting an auction between March 15 and 17. Under normal circumstances, this wouldn’t be a huge deal, but for crypto fans, things are about to heat up considering that amongst the items set to be auctioned off is just under one full bitcoin, which plenty of high-end investors are likely to want in their portfolios. Another BTC Auction Is in the Playbook The government hosting auctions is nothing new, and to an extent, it’s not like the...

Recent job postings suggest that the leading digital asset manager could be planning to develop and launch a cryptocurrency exchange-traded fund (ETFs). Grayscale is looking for nine employees for roles focusing on various ETF-related endeavors. Founded in 2013, Grayscale is a crypto asset manager enabling institutions to receive exposure to numerous digital assets through its funds. The company could be considering developing and launching ETFs as well, at least according to nine key job...

Jack Dorsey – the CEO of both Square and Tesla – is setting up an auction in which people can purchase the very first tweet ever issued via the social media giant. What’s the catch? The tweet is being offered as a non-fungible token (NFT), which is a form of cryptocurrency. Jack Dorsey Is Selling a Piece of Twitter History with Crypto in the Mix Dorsey has long been a bitcoin and cryptocurrency advocate. In recent weeks, he has set up a new fund with Rapper Jay-Z and...

Financial services giant JPMorgan Chase & Co filed a prospectus with the United States Securities and Exchange Commission (SEC) to launch a new debt instrument tied to crypto-related companies. JPM’s New Crypto-Related Investment InitiativeAccording to the prospectus filed with the SEC, the debt instrument dubbed J.P. Morgan Cryptocurrency Exposure Basket will enable investors to allocate funds in a basket of crypto-focused companies. Some of those names include Michael Saylor’s...

Coinbase announced today that it would list MATIC on its advanced trading platform, Coinbase Pro – the result is a quick upward surge which has resulted in a 35% gain.MATIC Skyrockets After Coinbase Announce ListingEthereum scaling and infrastructure development platform, Matic Network (now Polygon) has rallied by 35%. The surge was fueled by the forthcoming Coinbase pro listing. San Francisco-based cryptocurrency exchange, Coinbase announced yesterday that MATIC would be available for...

Ethereum’s scaling issues have been a hot topic for discussion for quite some time now. With the explosion of the DeFi space last summer, many investors found themselves shocked at how expensive it had become to use the network, making mundane and small transactions less than viable.The author of Ethereum’s whitepaper and one of its co-founders, Vitalik Buterin, addressed the issues recently on the Tim Ferris podcast.100X Scalability in the Next Few MonthsSpeaking to Naval Ravikant on the Tim...

Bitcoin’s distribution has become substantially less concentrated as the number of whales holding 10,000 or more coins has reached a new all-time low of less than 100 such addresses.At the same time, the number of transactions on the BTC network and exchange deposits continue to decrease to monthly lows.Bitcoin 10K+ Whales to ATLThe so-called BTC “humpback” whales are massive wallets containing 10,000 or more coins. From a USD perspective, this amount would represent holdings worth at least...

[PRESS RELEASE – Please Read Disclaimer]UK-based AI platform, Mindsync, is creating a decentralized, community-driven ecosystem that allows global businesses to get their business tasks solved through AI technologies by a community of expert technologists from around the world.Artificial Intelligence (AI) has been proven to help reduce operational costs, increase efficiency, grow revenue and vastly improve the customer experience. AI is not the future, it is the present and our lives are...