South Korea has doubled down its efforts to regulate the booming cryptocurrency industry. The Financial Services Commission (FSC) has mandated banks to classify crypto exchanges as high-risk clients and ordered them to strengthen financial transaction monitoring and user ID verification, The Korea Times reported. The regulator further ordered the regulated […]

A cryptocurrency ban is not the right solution for the Netherlands, the country’s finance minister reportedly said after a local official called for a total ban on crypto. The Netherlands should regulate the cryptocurrency market instead of prohibiting its citizens from using crypto entirely, Dutch minister of finance Wopke Hoekstra […]

The Ontario Securities Commission has initiated enforcement proceedings against the companies behind the KuCoin exchange, after alleging the firm had been operating in contravention of national securities laws. According to the charge, KuCoin and its parent companies, Mek Global and PhoenixFin, had failed to contact regulators by April 19, the […]

Tesla CEO Elon Musk says his electric-vehicle company will start accepting Bitcoin (BTC) payments once there’s confirmation that miners are utilizing clean energy, offering a glimmer of hope that the FUD surrounding digital assets could soon subside.  Musk responded to a Cointelegraph tweet about recent accusations from Sygnia CEO Magda […]

A group of protestors calling themselves “Stopelon” gathered outside the Tesla processing factory in northern California earlier in the week to voice their anger at Elon Musk and his continued antics in the world of cryptocurrency. Elon Musk Faces More Anger Elon Musk has recently been deemed one of the […]

According to Zack Guzman, senior writer and anchor at Yahoo Finance, billionaire Mike Novogratz had some negative things to say about Cardano during a recent conversation he had with the Founder and CEO of Galaxy Digital. Guzman said on Saturday (June 12) that Novogratz said that he was shocked by Cardano’s […]

Demand for Bitcoin (BTC) among Canadian investors has not wavered amid the latest price correction, offering further evidence that market participants are capitalizing on heavily discounted prices.  The Purpose Bitcoin ETF, which launched in February, has now accumulated 19,692.149 BTC as of June 13, according to Bybt data. The ETF […]

Jack Dorsey, CEO of Twitter, hinted at the possibility of integrating Lightning Network into Twitter yesterday. Dorsey answered a Tweet of a follower saying it was “just a matter of time” for this to be a fact. Dorsey is a big Bitcoin proponent and has extended Bitcoin functionality to another […]