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Tag Archives: News

South Korea Will Launch New Transaction Monitoring System This Month

The Financial Supervisory Service (FSS), South Korea’s financial regulator, announced the integration of its transaction monitoring system with the country’s crypto exchanges. This integration will become operational on July 19, alongside the enforcement of its awaited Virtual Asset User Protection Act. With that, the system will permit it to identify suspicious and illicit activity associated with 99.9% of crypto transactions conducted on onshore exchanges. So far, around 29 exchanges will...

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German MP Wants Government to Stop Selling Its Bitcoin Stash

Joana Cotar, a German member of parliament and Bitcoin activist, urged the government to stop offloading its bitcoin stash. Its continued selling has affected the asset’s price, causing it to slowly lose value in June and record a massive single-day drop to below $54,000 on July 5. Bitcoin’s price was above $60,000 two days prior. The German-related wallet labeled “German Government (BKA)” moved $172 million worth of bitcoin on July 4. Of course, other factors influenced bitcoin to drop and...

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Ether Traders Highly Bullish After the Asset Ventured Below $3,000

Ether dipped to below $2,900 last week, fluctuating around $3,000 the following days. This price decrease has Ether holders worried about the coming period, with many believing the bull market has come to an end. The interest in the asset is noticeably declining market-wide despite news of an imminent approval for spot Ether ETFs in the US. Traders hold the belief that the asset’s price will continue dipping despite the ETF launch expected to come soon—many feel the SEC will approve issuance...

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