Asia’s cryptocurrency scene is currently witnessing significant advancements, namely South Korea’s legislative efforts to legalize Initial Coin Offerings (ICOs) and an unannounced Chinese state-owned enterprise’s mysterious issue of Real-World Asset bonds on Ethereum blockchain. South Korean Government Seeks to Legalise Initial Coin Offerings (ICOs). South Korea may lift its 2017 ban on initial coin offerings...
Article Category: crypto latest news
Bitcoin Bear Market to Recur in October with $50k Target: Analysis.
Bitcoin has experienced staggering growth over the past several years, reaching unprecedented highs in price. According to several analysts, however, a bear market could be on its way in October with a target bottom price of $50,000 as predicted by technical analysis, macroeconomic factors, and market sentiment; though not an exact prediction, this speculation has...
Trump-Linked WFLI Plunges 40%; Whales Lose Millions Even Though 47M Burned
Whales have taken an unexpected hit in the cryptocurrency market as Trump-affiliated WLFI (Welfare Fund Initiative) experienced a 40% price dip despite conducting a 47 million token burn intended to boost its value. This unexpected fall sent shockwaves through the cryptocurrency community and caused investors to question how effective token burns are at mitigating market...
Bitcoin Bear Market to Launch with $50k Target by October: Analysis.
As Bitcoin continues to climb the charts, some analysts are forecasting a shift in market conditions that could mark the onset of a bear market by October. With an initial target bottom price of $50,000 and expert analysis citing technical indicators, macroeconomic factors, and investor sentiment as reasons for such a possible downturn. Forecast For...
Bitcoin Bear Market Due in October with $50K Bottom Target: Analysis
As Bitcoin continues to climb the charts, some analysts are predicting a shift in market conditions that could signal the onset of a bear market in October. With a target bottom of $50,000, the forecast has sparked significant attention within the cryptocurrency community. Experts have pointed to a combination of technical indicators, macroeconomic factors, and...
Japan Regulator Proposed Revamp of Crypto Rule to Align With Securities Law
Japan’s financial regulator, the Financial Services Agency (FSA), is taking steps to overhaul the country’s cryptocurrency landscape by aligning digital asset regulations more closely with existing securities law. Their proposed changes aim to bring greater clarity regarding treatment of digital tokens while strengthening investor protection in one of the world’s most active cryptocurrency markets. Align...
Wintermute Calls on SEC to Exclude Network Tokens From Securities Rules
Wintermute, a leading crypto trading firm, has taken an important step that could shape the future of digital assets in America by calling on the U.S. Securities and Exchange Commission (SEC) to exclude network tokens from securities regulations. Their appeal comes as SEC continues expanding their oversight over cryptocurrency assets – something which has caused...
Bitcoin Price Displays 2-Week Downtrend Breakout and $112K Next Target
Bitcoin has made a dramatic recovery after snapping out of a two-week downward trend, sparking optimism among investors and traders alike. After an extended period of volatility, its price has seen a remarkable surge that some analysts project as reaching $112,000 as its next significant resistance level. This breakthrough also signals that support levels may...
Galaxy Digital Stock Goes Live with Solana Tokenization
Galaxy Digital, a leading cryptocurrency-focused investment firm, recently made history when they announced the tokenization of their stock on Solana blockchain. This groundbreaking move represents an historic breakthrough at the intersection of decentralized finance (DeFi) and traditional stock markets – offering investors new ways to buy and trade shares of publicly listed companies using blockchain...
OKX Was Penalized $2.6 Million by Netherlands Authorities for Operating Unauthorized MiCA Rollout
OKX, one of the world’s largest cryptocurrency exchanges, has been penalised with an exorbitant fine of $2.6 million by Dutch regulators for operating without necessary licenses in their home country. The fine comes at an important time as Europe prepares to introduce their Markets in Crypto-Assets (MiCA) regulations which are set to bring more stringent...