Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with its business license renewal. Read More at https://cointelegraph.com/news/upbit-kyc-violations-license-renewal-south-korea?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Monthly Archives: November 2024
Don’t be delusional: Decentralization doesn’t compensate for regulation
DeFi needs regulation to build trust, attract institutional investment, and ensure long-term viability despite its decentralized nature. Read More at https://cointelegraph.com/news/don-t-be-delusional-decentralization-doesn-t-compensate-for-regulation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
FSB calls for stricter oversight against AI vulnerabilities
FSB explores AI’s potential to revolutionize finance while spotlighting risks like fraud, data governance, and systemic vulnerabilities. Read More at https://cointelegraph.com/news/financial-stability-board-ai-financial-risks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin will not fall to $60K with no ‘threats in the near-term’ — Michael Saylor
Michael Saylor is planning a party for Bitcoin to hit $100,000 this year and says it won’t fall to $60,000 as predicted by some analysts. Read More at https://cointelegraph.com/news/bitcoin-price-wont-fall-60k-no-threats-microstrategy-michael-saylor?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Consensys pushes back against regulatory ‘gaslighting’ with new sovereignty platform
Crypto companies have been “living in fear in a gas-lit world for a long time,” said Ethereum co-founder Joe Lubin. Read More at https://cointelegraph.com/news/consensys-pushes-back-against-regulatory-gaslighting-with-new-sovereignty-platform?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin price can hit $100K by Thanksgiving if bulls hold key level
Bitcoin is consolidating after new all-time highs, but bulls cannot afford to lose track of too many potential support levels, says BTC price analysis. Read More at https://cointelegraph.com/news/bitcoin-price-100k-by-thanksgiving-bulls-hold-key-level?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Trump trade over? Bitcoin, Ethereum ETFs see first outflow since election
Spot crypto ETFs in the US have seen outflows for the first time since Donald Trump was elected, as both Bitcoin and Ethereum fell on the day. Read More at https://cointelegraph.com/news/trump-trade-over-bitcoin-etfs-see-first-outflow-since-election?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Consensys decentralized Infura launches as EigenLayer AVS
The decentralized Web3 marketplace will leverage EigenLayer’s infrastructure to improve accessibility and reduce development costs. Read More at https://cointelegraph.com/news/consensys-decentralized-infura-launches-eigen-layer-avs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin to hit ‘repeated all-time highs’ over next 2 quarters: VanEck
Matthew Sigel, VanEck’s head of digital assets research, says Bitcoin is in “blue sky territory” and expects the cryptocurrency to run up to $180,000 in 2025. Read More at https://cointelegraph.com/news/bitcoin-repeated-all-time-highs-expected-over-next-2-quarters-vaneck?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin blips down as Fed’s Powell says no ‘hurry to lower rates’
Bitcoin’s price tumbled after the United States Federal Reserve Chair Jerome Powell cast doubt on an interest rate cut in December. Read More at https://cointelegraph.com/news/bitcoin-price-volatility-federal-reserve-united-states-interest-rate-cut-uncertainty?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound