2023-02-16
Under New Guidelines, South Korean Cryptocurrency Businesses will Need to Self-Regulate
Following fresh recommendations released on Monday, South Korean securities companies and token issuers now have some clarification about the definition of security tokens.
The definition of security tokens by the Financial Services Commission of South Korea, which aligns the nation with other legal systems in the larger Asia area, is tokens that are digitalized utilizing distributed ledger technology.
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Think Tank for the Central Bank Warns Against Harsh Cryptocurrency Regulations
An independent think tank for central banking and economic policy believes that crypto regulation should be implemented in a way that does not stifle the sector and stifle innovative ideas.
The aftermath from FTX's collapse has established the groundwork for further regulatory clarity, but Patricia Haas Cleveland, US president of the Official Monetary and Financial Institutions Forum (OMFIF), cautioned that this drive should be made cautiously.
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The Number of Crypto AI Projects is Growing, but How Long Can They Survive? Discover the Benefits of Metropoly as an Investment
Crypto AI initiatives are the new hot topic. Over the past month, there has been a trend for crypto AI initiatives, which has caused observers to compare current AI efforts to memecoin projects from the past.
How long can the trend persist, though, with the buzz increasing and money flooding the market? In this post, we will examine if the AI boom is a fad and clarify why it is probably far safer to invest in alternative initiatives with well-established roadmaps.
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This AI Token is Prepared to Enter the Top 100 Cryptos; Is it Time to Buy?
In the bitcoin market, artificial intelligence is expediting the development of new facilities, technologies, and social & financial networks. Some AI cryptocurrency projects have recently been able to outperform a number of well-known cryptocurrencies. One of the top AI cryptocurrency tokens, fetch.ai, has increased by 400% since the start of this year.
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6th "Hit AI & Blockchain" Summit Held in Taipei Discussed Taiwan's Potential as "Crypto Island"
The 6th "Hit AI & Blockchain" Summit, which brought together international leaders to discuss the future of the blockchain and cryptocurrency industries in Taiwan, was successfully conducted on February 15, 2023.
Looking back on 2021–2022, the world economy saw highs and lows, while the blockchain sector is currently experiencing another ups and downs. Due to the one-year bull market followed by the one-year bear market, many novice investors and practitioners were perplexed.
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Crypto Trading Bots: Another Artificial Intelligence Miracle!
Our lives have been made easier by artificial intelligence, and practically every industry has benefited from its use today. Auto trading bots are beneficial to both new and experienced investors, and their time in the market is quickly approaching. Instead of spending endless hours looking over charts, trends, and news events, traders may use these automated trading bots to maximize their profits in the highly volatile cryptocurrency market.
The market for cryptocurrencies is incredibly unstable. At all hours of the day and night, cryptocurrency traders frequently conduct cross-border transactions to buy and sell their digital currency. It is challenging for humans to monitor and oversee crypto trading due to the constantly changing pricing, sporadic exchange delays, and slower transactions.
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Crypto Game Axie Infinity Hack Leads to $5.9M Seizure by Norwegian Police
5.9 million dollars worth of cryptocurrency taken from the game Axie Infinity in March of last year were recovered by Norwegian authorities.
The largest cryptocurrency haul ever made by Norwegian police, according to the National Authority for Investigation and Prosecution of Economic and Environmental Crime, or kokrim.
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$18M Maple Finance Debt Settlement Agreed by M11 Credit and Auros
The company has resolved to modify its financing deal with Maple Finance, the principal creditor of Auros Global, a cryptocurrency trading firm impacted by FTX's bankruptcy.
Auros has paid back 55% of its remaining obligation to the loan pool. A further 40% of the debt is reissued over three 90-day cycles at an annualized rate of 8.64%, with maturities as long as nine months. The remaining debt was carried over for a 90-day period at no interest. Liquidity providers in the impacted loan pools should anticipate receiving their entire investment back.
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Since 2018, Binance Has Agreed to Pay Fines to End US Investigations
The largest cryptocurrency exchange in the world, Binance, revealed in an interview that it plans to pay fines to end ongoing regulatory and law enforcement inquiries into its US operations.
In what appears to be an admission of breaking the law, Binance Chief Strategy Officer Patrick Hillmann told the WSJ that the company's executives were unaware of the rules and laws governing bribery, corruption, and money laundering.
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Blur Escalates Conflict With OpenSea About Royalties and Suggests Blocking Platforms
In a blog post published on Wednesday, the zero-fee marketplace suggested that creators limit sales on rival OpenSea in order to receive full royalties on its platform.
As both platforms compete for market share among NFT developers, the conflict between leading rival OpenSea and zero-fee non-fungible token (NFT) marketplace Blur has gotten more intense.
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Nefta, Business Making Web3 Tools, Raises Seed Round $32.5M Valuation
The gaming and entertainment-focused web3 infrastructure firm Nefta earned $5 million in a seed funding round.
Play Ventures took the lead in the round by investing $2.5 million, the single largest investment from its Future Fund. Polygon Ventures, SevenX Ventures, Sfermion, and Picus Capital were other investors in the round.
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Thanks for reading,
J.K.
