Korean minister says all 200 crypto exchanges in the country face a risk of closing downThe global crypto market cap is $1.98 trillion with a 24-hour volume of $210.71 billion. The price of Bitcoin is $53,056.10 and the BTC dominance is at 49.7%.
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by Shaurya Malwa Eun Seong-soo, chairman of the Finance Committee in South Korea, said this morning that over 200 cryptocurrency exchanges at the risk of being closed down in September this year if they fail to follow the relevant regulations, as per a report on leading local outlet Chosun. He added officials were further planning to impose taxes on cryptocurrency trading and that the government had “no plans to protect” crypto investors. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬Square says Bitcoin mining is “key to clean energy future”Bitcoin mining farms and renewable energy facilities can greatly help each other to create an “abundant, clean energy future,” according to a joint research report published by payments company Square and asset manager Ark Invest yesterday. Regulated Bitcoin and Ethereum funds have launched in Hong KongHong Kong-based Huobi Asset Management announced the launch of Bitcoin (BTC), Ethereum (ETH), and mining-related funds for professional investors yesterday, it said in a release shared with CryptoSlate. Decentr and Public Mint are partnering up to develop Web 3.0 and DeFi toolsEver closer to mainstream adoption, new partnerships between key industry players are helping to step up the real-world usability of crypto products. Major UK bank NatWest won’t serve businesses dealing in cryptoNational Westminster Bank (NatWest), a major retail and commercial bank in the United Kingdom, will stop serving any businesses that accept or otherwise transact cryptocurrencies, news daily The Guardian reported yesterday. BSC mania: Binance & Mr. Beast invest in NFT marketplace RefinableRefinable is the first NFT marketplace on Binance Smart Chain (BSC), which has recently started to close the gap on Ethereum in terms of market valuation. Charles Hoskinson hits back after Ethereum influencer calls Cardano a “scam”In a tweet today, IOHK CEO Charles Hoskinson fired back in response to claims by David Hoffman that Cardano is a “scam.” He said extreme baseless views are a factor in crypto’s less than stellar reputation among no-coiners. Data shows institutional demand for Ethereum surged despite the recent crashEthereum (ETH) saw one of the most severe flash crashes that it has seen since the beginning of the year. Legendary investor who bought Bitcoin at $350 says this rally is just beginningAmerican investor Bill Miller says Bitcoin’s (BTC) fabled bull run is only getting started despite the asset’s nearly 700% price increase in the past year, a report on news outlet CNBC stated today. Trump haters now can pay for his tweets as NFTs just out of spiteA group of anonymous university students calling itself “Strategic Meme Group, Incorporated” has begun selling Donald Trump’s tweets as non-fungible tokens (NFTs) on a special platform dubbed Drumpfs. OG Bitcoiner disses ‘legal tender’ and shares why NFTs are never going away
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