Author: NBTC

SEOUL, South Korea – December 2024 – South Korea’s Financial Intelligence Unit has delivered a stunning regulatory blow to cryptocurrency exchange Korbit, imposing a 2.73 billion won ($2.0 million) fine for systemic compliance failures that exposed the platform to significant money laundering risks. This decisive action represents the latest escalation in South Korea’s aggressive regulatory campaign targeting virtual asset service providers, signaling a new era of enforcement rigor that could reshape the entire Asian cryptocurrency landscape. Korbit’s Compliance Breakdown: A Detailed Analysis The Financial Intelligence Unit, operating under South Korea’s Financial Services Commission, identified approximately 22,000 separate violations across multiple…

Binance announced that it continues its periodic reviews of spot trading pairs to protect user security and maintain a high-quality trading environment. The cryptocurrency exchange has decided to delist certain spot trading pairs following recent evaluations. According to the official announcement by Binance, low liquidity, insufficient trading volume, and other factors negatively impacting market efficiency were the reasons for this decision. According to the announcement, trading in the ARKM/BNB, BARD/BNB, EGLD/RON, LISTA/FDUSD, SCR/FDUSD, and ZKC/BNB spot currency pairs will be completely suspended as of 06:00 on January 2, 2026. After this date, open orders in these pairs will be automatically…

As cryptocurrency markets swung sharply throughout 2025, with Bitcoin (BTC) peaking above $126,000 in October, a small group of U.S. lawmakers actively traded digital assets. Public financial disclosures show that most congressional crypto activity involved modest investments in Bitcoin ETFs or direct holdings. However, a few members stood out for the size and timing of their trades, producing mixed results amid market volatility. Mike Collins Rep. Mike Collins, a Georgia Republican, was among the most active traders. He made multiple Ethereum (ETH) purchases totaling tens of thousands of dollars, benefiting as the asset neared record highs in the fall. Collins…

Key Takeaways Korbit fined KRW 2.73 billion (approx. $1.9 million) by South Korea’s Financial Intelligence Unit (FIU) for anti-money laundering violations. The FIU said Korbit allowed trading by customers who had not completed KYC checks, accepted improper identity documentation, and processed transfers involving unregistered overseas operators. South Korea’s Financial Intelligence Unit (FIU) has sanctioned Korbit following a comprehensive review that uncovered widespread anti–money laundering (AML) failures, according to a regulatory notice issued on December 31. The country’s fourth-largest crypto exchange received an institutional warning and was fined KRW 2.7 billion (approximately $1.9 million) after inspectors found repeated violations of customer…

The SUI blockchain delivered a powerful signal to the crypto market over the past 24 hours. Traders processed $408 million in decentralized exchange transactions. This surge placed SUI among the most active Layer 1 networks by trading volume. The data highlights a sharp rise in user participation across decentralized finance protocols. This sudden jump in SUI DEX volume reflects growing confidence in the network’s infrastructure and performance. Developers continue to build faster trading platforms. Users increasingly favor low fees and quick settlement times. These strengths now translate into measurable onchain results. Market participants now track SUI more closely as liquidity…

D’CENT Wallet, a prominent wallet for crypto custody and management, is spotlighting Orbs Network, a decentralized L3 blockchain, as its Year-End Gala partner. This synergy is aimed at bringing centralized finance (CeFi)-level capabilities execution to decentralized finance (DeFi). Through this collaboration, Orbs is set to position itself as an advanced onchain trading infrastructure without compromising the decentralization. D’CENT Wallet has revealed this trailblazing collaboration through its official X account. 🎊 Gala Partner Spotlight: @orbs_networkOrbs brings CeFi-level execution to DeFi, powering advanced onchain trading with aggregated liquidity, perps infrastructure, and pro-grade order logic.🔹 CeFi-grade execution in DeFi🔹 Perps & advanced order…

In the cryptocurrency market, 2025 stands out as a period in which capital movements between ecosystems will accelerate. On-chain data shows that while some altcoin networks are recording strong net inflows, others are facing significant net outflows. This picture offers important clues about how investor preferences and liquidity rotation have shaped up throughout the year. Strongest Funding Inflow in Ethereum In 2025, the strongest net inflow was seen on the Ethereum front. The Ethereum network experienced a net capital inflow of $4.21 billion throughout the year. Ethereum was followed by Hyperliquid. The Hyperliquid network stood out particularly with its derivatives…

Key Takeaways Rep. Warren Davidson warns that US crypto regulation is undermining Bitcoin’s vision. Davidson criticizes the GENIUS Act for favoring banks and enabling a ‘wholesale CBDC.’ Rep. Warren Davidson warns that US crypto regulations, including the GENIUS Act and the pending CLARITY Act, are pushing digital assets into account-based systems that threaten Bitcoin’s original purpose of financial freedom, weaken self-custody, and open the door to greater surveillance through digital IDs and central bank digital currencies (CBDCs). The congressman, who recently introduced a bill that would allow US citizens to pay federal taxes using Bitcoin, shared his take on US…

Cardano founder Charles Hoskinson has criticized Gemini for refusing to list ADA, arguing that the decision cost the platform $70 million in lost revenue. Speaking in an interview with Blockchain Daily, Hoskinson highlighted Gemini as the only major crypto exchange that does not support ADA, despite the token’s widespread adoption and popularity. Gemini Refuses to List ADA He emphasized that ADA is a top-10 cryptocurrency currently trading on Binance, Coinbase, and other major exchanges. However, despite the token’s prominence in the industry, Gemini has snubbed ADA, refusing to list it for trading on its platform. Rather than attributing the situation…

Decentralized Finance Space has always had problems with a lack of transparency, and this has caused a lack of trust among users over time. Heima has taken this new issue into consideration by creating an innovative lending protocol through a Dual Architecture Blockchain with Hyperliquid. HyperEVM and HyperCore power Heima’s advanced lending protocol to provide the highest level of transparency for all Heima’s operations. Analysis of all loan requests, hedging positions, and liquidation prices are independently verified by using transaction hashes from the Hyperliquid Blockchain. Resolving the Black Box Problem of DeFi The DeFi lending ecosystem has risen sharply in…