South Korea’s Crypto Investors Boosts CEX Profits by 106%
Investment portfolios in South Korea remain modest, with 67% of investors holding less than 500,000 won ($362) in crypto assets. During this time period, South Korean cryptocurrency investors witnessed a substantial rise, which coincided with the profitability of the digital asset exchanges in the country. There were 7.78 million cryptocurrency investors in South Korea during […]
Coinbase Unveils $1B Share Buyback and Q3 Earnings
Coinbase announced a $1 billion share buyback alongside its Q3 earnings, though revenue missed forecasts due to “softer market conditions.” Coinbase, the most significant cryptocurrency exchange in the United States regarding trading volume, intends to acquire $1 billion in shares. Along with its third-quarter earnings report, Coinbase announced on Oct. 30 the authorization of a […]
Dutch Central Bank Fines Bybit $2.4M for Service Violations
The Netherlands’ central bank fined Bybit €2.2 million ($2.4 million) for offering crypto services without required registration, violating anti-money laundering regulations. De Nederlandsche Bank , the central bank of the Netherlands, has imposed a €2.2 million ($2.4 million) sanction on Bybit for providing crypto services in the country without the necessary registration, thereby violating regulations […]
Brian Armstrong Pledges Support for Pro-Crypto Policies Post U.S. Elections
Coinbase CEO Brian Armstrong pledged ongoing support for pro-crypto policies after the U.S. elections, with a $25 million donation to Fairshake PAC to bolster crypto-friendly candidates in Congress. Following the U.S. elections, Brian Armstrong, CEO of Coinbase, declared that he would persist in advocating for crypto-friendly policies. He emphasized that efforts to establish U.S. laws […]
Teen Faces with Aiding Al Qaeda’s Crypto Fundraising Charge
A 16-year-old from East London has been granted parole with restricted digital access, allowing him to use his PlayStation offline only. He is accused of offering cyber expertise to Al Qaeda and crypto fundraising. Crypto Fundraising Charge According to a Wednesday report by The Standard, prosecutors have accused the adolescent, who cannot be identified for […]