South Korea FSC Labels Mass-produced NFTs as virtual Assets
The Financial Services Commission (FSC) OF South Korea has issued guidelines that categorize nonfungible tokens (NFTs) as virtual assets. The FSC will regulate NFTs like crypto if they do not exhibit characteristics that distinguish them from virtual assets, according to a report by local media outlet News1 on June 10. Virtual assets will be defined […]
Peru Adopts India’s Unified Payments Interface (UPI)
The Central Bank of the Republic of Peru (BCRP), partnering with the Reserve Bank of India, will establish a system comparable to India’s Unified Payments Interface (UPI). The BCRP and the Reserve Bank of India (RBI) jointly established the National Payments Corporation and participated in the transaction. The new system will facilitate financial inclusion in […]
CoinGecko Confirms GetResponse Data Breach
CoinGecko has confirmed that its third-party email provider, GetResponse, experienced a data breach on June 5, leading to over 19 million users’ data exploitation. According to CoinGecko’s announcement on June 7 , the security vulnerability was the result of a compromised employee account: “An attacker had compromised a GetResponse employee’s account, leading to a breach. […]
Franklin Templeton Explores Altcoin-focused Crypto Fund
Franklin Templeton, an asset manager, is currently investigating the development of a new crypto fund for institutional investors, which would be based on altcoins. The Information reported on June 6 that the mutual fund is contemplating the establishment of a private fund to introduce institutional investors to altcoins. The report cites sources familiar with the […]
US Bitcoin ETFs Inflow Nears $500M Amid Lower Search Volume
On June 5, bitcoin exchange-traded funds (ETFs) in the US experienced an inflow of $488.1 million. However, Google data indicates a significantly lower volume of search. On June 4, the ETFs experienced their second-highest inflow day, totaling $886.6 million. Farside Investors data indicates that the Fidelity Wise Origin Bitcoin Fund (FBTC) accounted for the largest […]