The Financial Services Commission in South Korea is investigating 16 cryptocurrency exchanges for violating the Specific Financial Information Act. The FSC has alleged that these exchanges were operating as non-reporting entities.
Investment management firm Monochrome has announced that its other entity, Vasco Trustees Lid, has received authorization from the Australian Securities & Investments Commission (ASIC) to operate spot-based crypto-asset exchange traded funds (ETFs).
Coinbase CEO Brian Armstrong responded to a hypothetical scenario on Twitter today, saying that in the event of regulatory threats, his company would shut down its Ethereum staking service in order to preserve the integrity of the blockchain network.
The highest ranked meme coin, Dogecoin [DOGE], is expected to attempt a resurgence after the rise of Shiba Inu [SHIB] recently.
Solana-based wallet provider Phantom has launched a new burn feature allowing users to remove spam non-fungible tokens (NFTs) sent by scammers.
ADA’s price has soared in the past few weeks. Cardano’s coin has seen a 27.20% rise in its prices since 26 July.