Majority of Korean crypto exchanges to cease operations this month
Failure to comply with South Korean regulators’ new requirements will likely result in the extinction of tens of cryptocurrency exchange operators. South Korean cryptocurrency exchanges face an impending deadline to comply with new compliance requirements, with all operators expected to submit applications for official licences to the Financial Services Commission (FSC) no later than Sept. […]
Avalanche reportedly exploited for crypto tokens worth $3.2 million
Zabu, a DeFi app under Avalanche confirmed that the attacker was successful in withdrawing 4.5 billion tokens from the Zabu Farm Contract and stealing around $600,000 in total. It has been revealed that Zabu Finance, a DeFi application running on the Avalanche blockchain, has been attacked in order to obtain crypto tokens worth $3.2 million. […]
Bitcoin: Price struggles for $46K as Polkadot (DOT) posts a 10% weekend gain
While Bitcoin markets are showing signs of strength, altcoins are becoming more interesting as the weekend winds down. Bitcoin encountered resistance at $46,000 on Sept. 12 following a “strong bullish divergence” on lower timeframes. BTC/USD is edging toward higher lows BTC/USD rejected significantly, according to data from Cointelegraph Markets Pro and TradingView, following a local […]
Institutional exposure to altcoins reaches new highs
Investments in Solana-based investment products increased by an astounding 388 percent last week, with institutional investors obtaining exposure to $13.2 million worth of SOL products. Altcoin exposure is now in high demand among institutions, with the altcoin market share currently accounting for 35 percent of all capital invested in crypto investment products, according to data […]
Jack Dorsey downplays Ethereum’s potentials to disrupt social media giants
CEO Jack Dorsey is digging down on his pessimism about the cryptocurrency Ethereum by undermining the network’s ability to upend the world of social media titans. Jack Dorsey , the CEO of Twitter and self-proclaimed Bitcoin (BTC) maximalist, isn’t going to give Ether (ETH) supporters an inch. According to his most recent offhand remark regarding […]