Markets

The Bitcoin kimchi premium in South Korea has plummeted significantly amid a broader market decline, signifying weakened enthusiasm among digital asset investors in the country. According to data from CryptoQuant, the Bitcoin kimchi premium slumped to 1.5% on Friday during the afternoon trading session in Asia. Bitcoin Kimchi Premium Slumps For the uninitiated, the kimchi premium is an indicator of the difference between Bitcoin’s valuation on South Korean exchanges and...

The Nigerian government has denied the allegations made by Binance’s CEO, Richard Teng, claiming that its officials demanded a $150 million bribe to settle the criminal charges against the crypto exchange. In an official statement released on Wednesday, the Special Assistant to the Minister of Information and National Orientation, Rabiu Ibrahim, dismissed the claims as baseless. A “Diversionary Tactic” Ibrahim stated that the allegations were part of a coordinated effort by...

Canada has imposed a fine against Binance – the world’s largest crypto exchange – for running afoul of the nation’s anti-money laundering rules last year. Per a public notice published on Thursday, the federal government said Binance didn’t comply with rules and registrations related to operating as a foreign money services business (FMSB). Binance Fined $4.4 Million By Canada The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) wrote: “Binance Holdings...

dogwifhat (WIF) continues to be one of the most talked-about meme coins on the market. Although WIF has struggled recently, many crypto traders still believe it has enormous long-term potential. But what about the newly launched Sealana (SEAL)? WIF Price Analysis – Current Levels & Price Action Let’s kick things off by looking at the price action around dogwifhat right now. This dog-themed token currently trades at $2.83, representing a 42% pullback from its recent...

The Bitcoin network’s mining difficulty has experienced its largest negative adjustment since December 2022, when the bear market was in full gear. According to data from the real-time Bitcoin dashboard Bitbo, the mining difficulty fell 5.7% to 83.1 trillion on Thursday at block height 842,688. Bitcoin Mining Difficulty Negatively Adjusts Bitcoin’s mining difficulty measures how tough and time-consuming it is to produce a new block. The difficulty rises when the number of...

CoinspeakerDWF Labs and Binance at Center of Trading Controversy The controversy highlights some of the challenges faced by the crypto industry; establishing and maintaining the trust of investors and market participants. DWF Labs and Binance at Center of Trading Controversy

CoinspeakerESMA Considers Adding Crypto to €12T Investment Market, Seeks Expert Opinion ESMA wants feedback by August 7, 2024, about whether UCITS can include assets other than traditional stocks and bonds. ESMA Considers Adding Crypto to €12T Investment Market, Seeks Expert Opinion

[PRESS RELEASE – Lisbon, Portugal, May 9th, 2024] Azuro, the leading liquidity layer for onchain predictions, and Chiliz, the world’s premier sports and entertainment blockchain, are partnering up to accelerate the adoption of onchain sport prediction markets. These efforts will allow millions of fans worldwide to further support and cheer for their favorite teams and athletes through fair and transparent prediction apps. Chiliz Chain is renowned for its blockchain solutions...

[PRESS RELEASE – George Town, Cayman Islands, May 9th, 2024] Since its creation in 2018, SimpleSwap has been committed to providing its customers with straightforward, swift, and secure cryptocurrency exchange services. Celebrating its six-year anniversary in the market, this platform takes pride in its achievements and the changes it has undergone during this time. SimpleSwap’s Growth Over the course of six years, SimpleSwap has made significant steps in its development. Its...

Charting a Course in the Aftermath of Bitcoin’s Halving: Opportunities and Challenges Ahead The crypto market witnessed a flurry of historic events throughout April, setting the stage for potential shifts in the digital asset landscape. Amidst geopolitical tensions and U.S. macroeconomic uncertainties, the month unfolded with significant developments that captivated investors worldwide. Bitcoin’s Fourth Halving: A Consolidating Market April marked the long-awaited...