Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings

May 17, 2023 Bitcoin.com

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South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings. South Korean Law Enforcement Authorities Check Records From 3 Crypto Platforms Investigators from the Seoul […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

South Korean Politician Quits Party Over Crypto Scandal

May 15, 2023 Bitcoin.com

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A member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his frugal public image. The controversy, which has caught the attention of the Korean society, involves accusations of conflict of interest and other irregularities. Lawmaker Leaves South Korean Opposition Party Over Crypto Holdings Kim Nam-kuk, […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions

March 30, 2023 Bitcoin.com

Altcoins

Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose 27%, while the number of Tron-based TUSD stablecoins increased by 218%. TUSD Supply Swells, Tron-Issued Stablecoins […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

NFT Creators Investigated in Israel for Alleged Tax Evasion

March 6, 2023 Bitcoin.com

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Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused of similar offenses. Thousands of ‘Western Wall NFTs’ Allegedly Sold Without Tax Reporting Israel Tax Authority […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

2023’s Crypto Gainers: Decentraland’s MANA Token Outperforms Bitcoin With 88% Increase in One Week

January 17, 2023 Bitcoin.com

1 week stats

The cryptocurrency economy is doing well during the third week of the new year, compared to the end of 2022. It is currently valued at $993.17 billion, as many digital assets have seen double-digit gains during the last two weeks. While some of the top ten cryptocurrencies, like bitcoin and ethereum, are performing well, a […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Gold-Based Digital Assets Issued in Russia

December 29, 2022 Bitcoin.com

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A blockchain platform built by Russia’s largest banking institution, Sber, has been used to issue digital assets based on gold. The value of the tokenized precious metal will depend on the prices of physical gold, the bank said, emphasizing that the operation is a first. Russia’s Sber Bank Mints Gold-Backed Coins Sber, Russia’s largest bank, […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits

December 12, 2022 Bitcoin.com

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Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT transactions, and withdrawal limits. Bybit to Limit Services for Traders Who Have Not Passed Identity Verification Crypto exchange Bybit will restrict some services that are […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance

December 11, 2022 Bitcoin.com

Hacker Steals .9 Million From Arbitrum-Based Defi Protocol Lodestar Finance

$6.9 Million

Arbitrum-based lending platform Lodestar Finance was exploited on Dec. 10, 2022, according to a tweet from the project’s Twitter account on Saturday. Community reports detail that Lodestar lost roughly $6.9 million from the vulnerability. Lodestar Finance Loses $6.9 Million in an Exploit, TVL Drained, LODE Drops by 53% Another decentralized finance (defi) platform, Lodestar Finance […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Meme Coin Economy Heals After the FTX Fiasco Swelling by $1.4 Billion in 30 Days

December 10, 2022 Bitcoin.com

Meme Coin Economy Heals After the FTX Fiasco Swelling by .4 Billion in 30 Days

Baby Doge Coin

The meme coin economy has seen its value increase 7.77% against the U.S. dollar during the last month, as the meme token market leader dogecoin jumped 29.4% higher in 30 days. Dogecoin has also managed to move from the ninth-largest market cap position to the eighth-largest crypto market valuation this past month. Shiba inu, on […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years

December 7, 2022 Bitcoin.com

.999 gold

Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during 2022’s fourth quarter. Statistics show that the gold held by the world’s central banks is at the highest level since 1974. Central Banks […]

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