South Korean customers could lose access to more than a dozen crypto exchanges, as local authorities clamp down on foreign businesses who they say are operating in the country without proper registration. Some 16 unregistered providers have been identified as offering services to Koreans without registering with the right authorities, a press release issued by the country’s Financial Services Commission…
Meta, the social network company, has expanded the services of its flagship metaverse app, Horizon Worlds, to Spain and France. This move is part of the expansion plan of Meta to offer these services to more countries in Europe this year. While the app was available as an invite-only service in 2020, it just opened its services to the general…
While some think the Tornado Cash ban may negatively impact other projects focusing on privacy, others believe that these projects will keep pushing forward and keeping their commitments to anti-censorship and decentralization. In an interview with Cointelegraph, Ahmed Ghappour, the general counsel at the privacy-focused project Nym Technologies, shared insights on the importance of privacy in the crypto space, how…
Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest meme coins by market cap, followed the market’s broader bearish trend to post losses over the last day, dropping 3.8% and 5.7%, respectively. Despite the decline, both cryptocurrencies have stood out from the rest of the market thanks to hefty gains in the past seven days. DOGE, which earlier this week…
The majority of 4,653 active Ethereum (ETH) nodes are in the hands of centralized web providers like Amazon Web Services (AWS), which could “expose Ethereum to central points of failure,” according to crypto analytics platform Messari. An Aug.15 post shows that three major cloud providers account for 69% of hosted nodes on the Ethereum Mainnet, with over 50% of that…
This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Nate of Voltage to talk about how the Lightning Network can transfer value instantly between two parties without having to involve an intermediary. The Lightning Network will allow the Bitcoin network to scale exponentially into the payments world.…
The U.S. Federal Reserve Board has said it has released the final guidelines which are set to be used by Reserve Banks when “reviewing requests to access Federal Reserve accounts and payment services.” According to the board, the final guidelines will become effective as soon as they are published in the Federal Register. New Guidelines Aimed at Establishing a Transparent…
Australian asset manager Monochrome Asset Management has landed the country’s first Australian financial services license (AFSL) for a spot crypto exchange-traded fund (ETF). Speaking to Cointelegraph, Jeff Yew, CEO of Monochrome Asset Management, said the AFSL approval is significant, as until this point, approved crypto ETFs in Australia only operate under general financial asset authorization and only indirectly hold crypto-assets.…
Crypto television advertising spending has reportedly fallen off a cliff in the United States, reflecting the current state of the markets, however, that’s no excuse to take a break, two crypto firms tell Cointelegraph. An Aug. 17 report from Bloomberg highlighted that television ad spending among the largest crypto trading firms hit the lowest mark in over a year, with…
Convenience store and petrol station brand On The Run (OTR) has launched crypto payment support across all 175 of its petrol stations and convenience stores across Victoria, South Australia (SA), and Western Australia (WA) as of Aug. 18. As previously reported, the move is part of a collaboration between OTR, Singapore-based exchange Crypto.com, and DataMesh, a Sydney-based payment systems provider.…
