South Korean regulator Financial Services Commission (FSC) published a notice highlighting that by July 2024, investors in digital assets must receive interest when depositing their funds into an exchange. However, the guidance clarified that nonfungible tokens (NFTs) and central bank digital currencies (CBDCs) are excluded from the law. On Dec. 10, local media outlets reported that the FSC plans to…
Crypto investors have been moving their assets away from crypto exchange HTX (formerly known as Huobi) following a Nov. 22 exploit that saw the exchange pause its services and lose a total of $30 million. Between Nov. 25 — the day that HTX resumed its services — and Dec. 10, the exchange witnessed some $258 million in net outflows, according…
Tech giant Google has updated its cryptocurrency-related advertising policy to allow ads about crypto trusts from the end of January, the same month that spot Bitcoin (BTC) exchange-traded-funds are predicted to be approved in the United States. In a Dec. 6 policy change log, Google said its crypto and related products ad policy will be updated on Jan. 29, 2024,…
Decentralized finance protocol Venus has confirmed it was impacted by an issue with one of its price feed oracles resulting in borrows totaling around $270,000 on Dec. 11, but has downplayed the incident from being an “exploit” as described by analysts, and also vowed to replace funds from the treasury. On Dec. 10, reports started emerging that the Binance Chain-based…
A “hands-on” tech demo of Google’s new artificial intelligence model Gemini has gone from being the talk of the town to being accused by critics of being “basically entirely fake.” The six-minute video, which garnered 2.1 million views on YouTube since its release on Dec. 7, shows it seamlessly interacting with a human operator in seemingly real-time, including analyzing a…
The price of Bitcoin (BTC) briefly fell below $41,000 following a sudden 6.5% drawdown from $43,357 to as low as $40,659 in just 20 minutes at 2:15am on Dec. 11 (UTC). At the time of publication, Bitcoin was trading slightly up from the local low at $41,960 per TradingView data. According to data from CoinGlass the brief drop caused more…
A Solana-based dog-themed memecoin called Bonk (BONK) has now become the third-largest memecoin by market capitalization, surging past that of fellow memecoin Pepe (PEPE) on Dec. 8. Bonk’s recent price growth — 370% in the last month — has seen its market cap grow to $762 million, compared to Pepe’s current $675 million market cap, per CoinGecko data. In the…
Celebrities hocking nonfungible tokens (NFTs), big-budget crypto ads, and mainstream brands adopting crypto slang — these are the signs to watch for during the next bull market that could indicate a peak, according to crypto analysts. The crypto industry is expected to see a major rally in 2024. In the past 90 days alone, Bitcoin (BTC) has surged to clock in…
The local tech community is behind the Madeira Blockchain Conference, a two-day event to promote startup networking and discussions about how blockchain can be used to solve real-world problems. Cointelegraph attended the event held at the Cultural and Research Center of Funchal (CCIF) for the second consecutive year. The conference’s key takeaways are outlined next. Traditional gaming studios are quietly…
Decrypt Media Inc. and Rug Radio have announced their intent to merge, creating the world’s biggest decentralized publishing company. Codenamed [REDACTED], the alliance is aimed at revolutionizing tech-media, bringing together the forces of content creation and consumption. Under the terms of the merger, qualified members of Rug’s farflung community will get to craft editorial content on a wide range of…
