Crypto News
A new regulatory overhaul could put at least 40 crypto exchanges out of business in South Korea.
A new regulatory overhaul could put 40 out of 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). The regulatory overhaul might also affect holders of locally used “kimchi” coins, which won’t trade them for fiat in other exchanges. This could bring losses of more than $2.6 billion.
coinnounce.com
Bitcoin Crowd Sentiment Falls to Historic Low, Here’s Why It’s Bullish for $BTC Price
Bitcoin’s ($BTC) price rose above $45K again after a comparatively low activity-filled weekend. The price of the top cryptocurrency lost $50K key support during last week’s market flash crash. $BTC was looking well set to test $55K resistance but now is struggling to build momentum above $50K.
coingape.com
Argentina’s central bank head says they are closely watching cryptocurrencies.
The head of Argentina’s central bank revealed that the bank is closely observing cryptocurrencies. He has no issue with those that choose to accept them for payments. He criticized digital currencies for their volatility, lack of legal tender status, and being prone to cyber-attacks as some of the reasons they can’t be used as currencies in the South American country. Countries across the world are actively working on crypto regulations.
coinnounce.com
NYAG shuts down Coinseed for converting customer funds into DOGE without consent
The New York Attorney General (NYAG) has won a victory against crypto exchange Coinseed for its dodgy dealings with Dogecoin and defrauding its customers.
cointelegraph.com
Italy Plans to Regulate Crypto Market
The use of cryptocurrency has seen a significant increase in Italy where more and more users are using this virtual currency as a payment option. These cryptocurrencies’ growth has become a real worry as it can damage the market in this country.
cryptopolitan.com
Litecoin Creator Says Will Try to Figure Out Who Was Behind the Walmart Fake News
On Monday, September 13, rumors about Walmart supporting Litecoin payments stormed Satoshi Street. The news appeared on credible press-news distributer GlobeNewswire who has now pulled down the story after the Litecoin Foundation and Walmart confirmed no such reality.
coingape.com
SEC takes action against Chinese billionaire's companies for unregistered ICO and IPO
The United States Securities and Exchange Commission (SEC) has charged three of Chinese billionaire Guo Wengui’s companies over an initial coin offering (ICO) and initial public offering (IPO) that fetched around $487 million combined.
cointelegraph.com
Ethereum Foundation Supports Spruce’s View of Decentralized Identity Verification
Ethereum Foundation (EF) and Ethereum Name Service (ENS) are happily supporting Spruce’s mission of providing a decentralized user identity verification system using Ethereum.
coinquora.com
Little-Known Altcoin Erupts 250% After Unexpected Listing on Crypto Exchange Binance
A little-known cryptocurrency has surged by triple-digit percentage points after a surprise listing on a major cryptocurrency exchange.
dailyhodl.com