Author: NBTC
A South Korean lawmaker has proposed an amendment to better protect users of virtual assets in the country. Kim Hyun-jung, a member of the Democratic Party of Korea (DPK), therefore proposed a change to the Virtual Asset User Protection Act. It aims to increase transparency and accountability in the country’s growing virtual asset market. This action comes as the crypto market grows in South Korea, with financial institutions moving into the digital asset space. The amendment seeks to improve communication between virtual asset service providers (VASPs) and the Financial Services Commission (FSC). If passed, VASPs must immediately report any incidents…
Bitcoin (BTC) has retreated further from the highly anticipated $100,000 milestone, raising questions about the asset’s sustainability of the current bull run. The maiden cryptocurrency has plunged over 5% in the last 24 hours, trading at $91,950 as of press time. On the weekly timeframe, BTC has corrected by a modest 0.13%, with the $90,000 level remaining a key support zone to watch. A drop below this spot could signal further losses as the post-election momentum appears to be fading. This short-term correction is partly tied to the behavior of long-term holders and the inflows around Bitcoin spot exchange-traded funds…
Pump.fun achieved $93M in revenue despite controversy and livestream content issues. Solana meme tokens like PNUT and CHILLGUY drive significant platform growth. Pump.fun’s Fee Account transferred 100,000 SOL tokens, valued at approximately $23.66 million, to Kraken Deposit at 18:59 (UTC+8). This is the second significant transfer by the account in one day, bringing the total SOL transferred to Kraken within the past 24 hours to 200,000 SOL, worth around $47.17 million. This comes as the memecoin launchpad celebrates its highest monthly revenue to date. In November, Pump.fun achieved a revenue of $93 million, marking its best month since launch. Despite…
On the eve of 2025, the Chinese government released new laws heavily hurdling cryptocurrency circulation in mainland China. This was by far not the first attack on crypto by China. Is China a role model for other governments that don’t want crypto in their countries? New legal attacks on crypto in China On Dec. 31, 2024, China tightened up its crypto regulation once again. This time, the foreign exchange regulator is pushing the banks to flag all cross-border crypto-related transactions and block the parties involved from certain bank services. Now, banks must track the financial behaviour deemed risky based on…
On Nov. 26, at block height 872,092, a long-dormant stash of 1,965 bitcoin (BTC), valued at a staggering $185.3 million, stirred for the first time in nearly a decade. Vintage 2014 Bitcoin Wallet Awakens: Millions Shift Amid Record Prices As bitcoin hovers above $90,000, trading at $94,342 per coin at 11:40 a.m. EDT on Tuesday, an address from 2014 made a significant move. Originally acquired on Dec. 22, 2014, in the legacy Pay-to-Public-Key-Hash (P2PKH) address “1JQJn,” the funds were tracked by btcparser.com. The bitcoin was transferred to another P2PKH wallet, with 0.00003 BTC sent to a separate wallet. The transfer…
SynFutures, a decentralized exchange for perpetual derivatives trading, has unveiled the SynFutures Foundation and announced an airdrop of its native F token. The SynFutures Foundation will work with the community to oversee the development of the DEX platform and secure key partnerships. The F token is an Ethereum-based mainnet asset that will provide holders with governance rights, staking rewards, and fee discounts. The airdrop will distribute 10 billion F tokens to the community, with additional airdrops planned in the future. SynFutures noted in a press release that the airdrop will benefit the community, DEX sponsors and advisors, the foundation’s treasury,…
Two South Korean men have been implicated in a case of price manipulation on the crypto exchange Bithumb. The two men allegedly gained nearly $5 million from manipulating the price of the Fusionist token, ACE. According to a Jan. 3 report on local news media Digital Asset, the Seoul Southern District Prosecutors’ Office’s Virtual Asset Joint Investigation Team arrested 33-year-old CEO of virtual asset operator M, Lee, alongside a former employee of M, Kang, for alleged market manipulation on Bithumb. The pair were charged with price manipulation and violating the South Korean Virtual Asset User Protection Act. Based on the…
A Brazillian Congressman has proposed the creation of a national Bitcoin (BTC) reserve in Brazil called Bitcoin Sovereign Strategic Reserve (RESBit – Reserva Estratégica Soberana de Bitcoins, in Portuguese), aiming to diversify the country’s Treasury. According to Portal do Bitcoin, a local media outlet, the politician, Eros Biondini, filed the proposal on Monday, November 25. “The creation of RESBit is a strategic measure that positions Brazil as a leader in the new digital economy, reducing economic risks and expanding opportunities for technological and financial development. The approval of this project is essential to guarantee the country’s economic sovereignty and align…
After the Spot Bitcoin and Ethereum ETF approvals, giant companies also applied for ETFs for XRP and Solana (SOL), and another giant name was added to this. Accordingly, the world’s largest digital asset company, Grayscale, has applied for a spot Solana ETF. While it was stated that Solana, XRP and other altcoin ETFs have a higher chance of being approved under the Trump administration, Bloomberg ETF analyst James Seyyfart made a new post about Solana ETFs. James Seyffart, who believes the spot Solana ETF will be approved under Trump’s new SEC administration, said it’s “just a matter of when, not…
Though Congressional stock trading has been pervasive for decades to the point that the STOCKS Act was implemented to prevent politicians from investing based on information they receive thanks to their official roles, 2024 brought a new development to the trend: cryptocurrency trading. By press time on January 3, 2025, the most interesting and suspicious example came in the form of a series of meme coin purchases executed by Representative Mike Collins, Georgia’s 10th congressional district. Since December 1, 2024, Collins has bought up to $45,000 of a token called Ski Mask Dog (SKI), arguably helping the minor digital asset…