Dogecoin (DOGE) has found itself trapped in a continuous period of stagnation, showcasing the ongoing battle between bulls and bears for market dominance. This prolonged phase of inactivity has persisted for over a month, indicating a short-term consolidation stage. Amidst the turbulence in the cryptocurrency market, DOGE enthusiasts and investors are eagerly searching for clues
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Hong Kong’s Securities and Futures Commission (SFC) has implemented new measures aimed at enhancing investor education and strengthening the regulatory framework in light of recent incidents, such as the JPEX debacle. The SFC aims to improve transparency, combat fraud, and establish a dedicated channel for sharing information on suspicious activities of Virtual Asset Trading Platforms
Cryptocurrency trading has gained significant popularity in recent years, with Hong Kong emerging as one of the key players in this market. However, the industry has faced its fair share of challenges, as evidenced by the recent JPEX scandal. The Securities and Futures Commission (SFC) has taken steps to regulate the sector by issuing licenses
Financial authorities in South Korea are taking steps to enforce strict eligibility reviews for major shareholders of cryptocurrency exchanges. This move aims to mirror the standards upheld within the banking sector and address the increasing legal turmoil surrounding prominent domestic exchanges like Bithumb and Upbit. The Financial Intelligence Unit (FIU) under the Financial Services Commission
South Korea’s leading cryptocurrency exchange, Upbit, recently found itself facing a major crisis after being targeted by fraudulent activities involving counterfeit tokens. As a result, the exchange was forced to suspend all withdrawals and deposits of Aptos’ native token, APT. This incident not only raised concerns about the security of digital asset exchanges but also
India’s crypto ecosystem has received a much-needed boost following the conclusion of the G20 summit. As the world’s most influential economies, the G20 fully endorsed the recommendations from the IMF and FSB Synthesis paper, providing clear guidance for the policy and regulatory framework of crypto assets. This article explores the key aspects addressed by the
Bitcoin traders have experienced a week of cautious price action, resulting in a decline in trading volumes across major crypto exchanges. This decline is a cause for concern as it reflects a lack of interest from both institutional traders and retail investors. The future price of Bitcoin hangs in the balance, and its direction could
A recent lawsuit against law firm Fenwick & West has prompted the firm to defend itself against allegations of fraudulent activity in their representation of FTX. In a legal filing on September 22, Fenwick outlined several grounds on which it seeks to dismiss the class action suit. This article critically analyzes Fenwick’s defense in light
As the calendar flips to October, all eyes in the crypto community are fixed on the US Securities and Exchange Commission (SEC). A crucial decision awaits the SEC regarding their case against asset manager Grayscale. The deadline for an appeal is October 13, exactly 45 days from the court’s ruling. On August 29, the District
ConsensSys, a leading Ethereum software company, made a groundbreaking announcement on September 22 regarding the sunset of its widely acclaimed toolkits, Truffle and Ganache. As the company looks to redirect its focus towards empowering developers with MetaMask toolkits like Snaps and SDK, developers in the Ethereum community are preparing for a new era of smart
