On December 4th, 2023, South Korea’s Financial Services Commission (FSC) dispelled rumors concerning the finalization of a roadmap for issuing real-name cryptocurrency accounts to corporations, particularly targeting public institutions and nonprofit organizations. This clarification comes in the wake of local media reports, notably from Hankyung, that suggested an impending government announcement outlining a phased strategy
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As the cryptocurrency market continues to evolve, Ethereum (ETH) stands at a crucial crossroads in its journey toward unprecedented heights. Following Bitcoin’s recent ascension beyond the $100,000 threshold, Ethereum finds itself grappling with a significant resistance level that could dictate its trajectory in the coming months. With a flurry of bullish sentiment enveloping ETH, traders
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In the rapidly evolving landscape of cryptocurrency investment, few developments have been as striking as the emergence of BlackRock’s iShares Bitcoin Trust (IBIT). Launched on January 11, IBIT has not only captivated investors but has also set a remarkable benchmark by becoming the fastest exchange-traded fund (ETF) to amass $50 billion in assets under management
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Circle has made waves in the cryptocurrency landscape by becoming the first stablecoin issuer to comply with Canada’s ambitious new listing regulations for its flagship digital dollar, USD Coin (USDC). This achievement is particularly noteworthy given the ongoing turbulence within the organization, including recent announcements of workforce reductions. On December 4, Circle’s CEO, Jeremy Allaire,
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MARA Holdings has solidified its position at the forefront of the cryptocurrency mining industry by successfully concluding its latest offering of convertible senior notes worth $850 million. Announced on December 5, the company communicated its intention to channel the proceeds towards augmenting its Bitcoin holdings and repurchasing some outstanding convertible notes set to mature in
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The recent decision by South Korea’s Democratic Party to postpone the implementation of crypto taxation laws has sent ripples throughout the financial community. This two-year delay, officially announced by Democratic Party floor leader Rep. Park Chan-dae, highlights the ongoing struggle between regulatory measures and the booming interest in digital assets. The South Korean government finds
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The recent appointment of David O. Sacks, the former COO of PayPal, as the “czar” for artificial intelligence and cryptocurrency by President-elect Donald Trump signifies a pivotal moment in American technological policy. By placing a figure well-acquainted with the intricacies of digital payments and online innovation at the helm of such a critical sector, Trump
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