South Korea’s inaugural law to protect crypto investors came into force on Thursday, formally establishing legal frameworks, as the country attempts to close regulatory shortcomings related to the industry. The Virtual Asset User Protection Act aims to target unfair trading practices following incidents of bygone years including the likes of the Terra-Luna crash and FTX’s collapse. The law’s implementation follows…
The judge said the 18 months Anatoly Legkodymoc had already served in Brooklyn’s “terrible” MDC was enough punishment. Source: https://cointelegraph.com/news/bitzlato-founder-no-more-jail-700m-dark-web-exchange?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The team also announced it was working on a voluntary compensation plan to reimburse 100% of funds to users affected by the exploit. Source: https://cointelegraph.com/news/lifi-releases-incident-report-following-hack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto traders note to “watch out” for Solana price action as a bullish pennant pattern has started to form on the price chart. Source: https://cointelegraph.com/news/solana-sol-price-crypto-traders-bullish-price-chart-pattern-pennant?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
President Vladimir Putin declared it was time for Russia to create the environment needed to increase the adoption of digital assets and the Russian CBDC, the digital ruble, as part of the country’s economic tissue. He also reported that over 30,000 transactions have been made in the pilot test phase of the digital ruble, with […] Source: https://news.bitcoin.com/putin-calls-to-seize-the-moment-to-kickstart-digital-ruble-and-crypto-adoption-in-russia/
Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen. Source: https://cointelegraph.com/news/wazirx-hacker-converts-149-million-in-altcoins-to-ether?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The volume of new deposits into the OFAC-sanctioned crypto mixer has jumped significantly in the first half of 2024. Source: https://cointelegraph.com/news/tornado-cash-resurgence-despite-ongoing-sanctions?utm_source=rss_feed&utm_medium=rss%3F&utm_campaign=rss_partner_inbound
Hong Kong regulators announced the conclusion of a stablecoin regulation consultation phase that saw stakeholders provide 108 submissions. The regulators claimed that the proposed regulatory requirements received positive feedback from stakeholders. Stakeholders Support Introduction of Stablecoin Regulatory Regime On July 17, Hong Kong regulators—the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong […] Source: https://news.bitcoin.com/hong-kong-regulators-say-proposed-stablecoin-regulation-has-received-positive-stakeholder-feedback/
The volume of new deposits into the OFAC-sanctioned crypto mixer has jumped significantly in the first half of 2024. Source: https://cointelegraph.com/news/tornado-cash-resurgence-despite-ongoing-sanctions?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The amount of positive Bitcoin commentary on social media is just a third of what it was four months ago, according to Santiment. Source: https://cointelegraph.com/news/blackrock-bitcoin-etf-investors-plummeting-bitcoin-outlook?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
