Cryptocurrency News

5 March

South Korea Eyes Bitcoin ETFs After Tokyo’s Green Light: Will Approval Follow?

South Korea is reportedly considering the approval of Bitcoin exchange-traded funds (ETFs), following Japan’s recent move to embrace crypto investment products. If regulators move forward, it could mark a significant shift in South Korea’s approach to digital asset investments and open new doors for institutional adoption. Following Japan’s Lead Japan made headlines after its Financial Services Agency (FSA) approved Bitcoin …

5 March

Do Kwon’s US Case Delayed as Prosecutors Sift Through Mountain of New Evidence

The legal saga surrounding Terraform Labs co-founder Do Kwon has hit another delay as US prosecutors examine a massive trove of newly surfaced evidence. The development prolongs the high-profile case against the disgraced crypto entrepreneur, who faces multiple fraud charges related to the catastrophic collapse of TerraUSD (UST) and LUNA in 2022. Why the Case is Delayed According to court …

5 March

India Taps CoinDCX to Manage Seized Crypto in Financial Crime Crackdown

In a significant move to tighten control over illicit digital asset activities, the Indian government has enlisted CoinDCX, one of the country’s leading cryptocurrency exchanges, to manage seized crypto assets tied to financial crimes. This development marks a major step in India’s evolving regulatory framework for digital assets, as authorities ramp up their crackdown on crypto-related fraud, money laundering, and …

5 March

South Korea’s FIU Cracks Down on Crypto Crimes with Stricter AML Oversight

South Korea’s Financial Intelligence Unit (FIU) is intensifying its anti-money laundering (AML) measures in response to rising concerns over illicit activities in the cryptocurrency sector. The move signals the government’s commitment to tightening oversight and enforcing stricter compliance rules on digital asset platforms. FIU’s Renewed Focus on Crypto Regulation The FIU, South Korea’s key financial watchdog, has been ramping up …

5 March

Belarus Boosts Bitcoin: Lukashenko Orders Government to Ramp Up Crypto Mining

In a bold move to strengthen Belarus’s position in the global cryptocurrency market, President Alexander Lukashenko has directed the government to accelerate its crypto mining efforts. The decision underscores the country’s ongoing embrace of digital assets and signals an intent to capitalize on the growing profitability of Bitcoin and other cryptocurrencies. Belarus’s Crypto-Friendly Stance Belarus has long been an advocate …

5 March

Blockstream Secures Billions to Power New Bitcoin Lending Funds

Bitcoin infrastructure giant Blockstream has secured a multibillion-dollar investment to launch new Bitcoin lending funds, marking a major step toward expanding institutional access to BTC-backed financial products. The funding underscores growing demand for crypto-native lending solutions, particularly among institutional investors looking for exposure to Bitcoin without direct ownership. What Blockstream’s Bitcoin Lending Funds Aim to Achieve With this massive capital …

5 March

Metaplanet Expands Bitcoin Treasury with Fresh 497 BTC Purchase

Japanese investment firm Metaplanet has added 497 more BTC to its growing Bitcoin treasury, reinforcing its commitment to Bitcoin as a strategic reserve asset. The latest purchase aligns with the company’s ongoing accumulation strategy, positioning it as a key institutional Bitcoin holder in Asia. Metaplanet’s Bitcoin Treasury Strategy Metaplanet, often compared to MicroStrategy for its aggressive Bitcoin accumulation, has been …

5 March

Mexican Billionaire Ricardo Salinas Bets Big on Bitcoin, Boosts Allocation to 70%

Mexican billionaire Ricardo Salinas, one of Latin America’s wealthiest individuals and a longtime Bitcoin advocate, has significantly increased his Bitcoin holdings—now comprising 70% of his investment portfolio. The move underscores his unwavering confidence in BTC as a hedge against inflation and a superior store of value compared to traditional assets. Salinas’ Growing Bitcoin Conviction Salinas, the founder of Grupo Salinas …

5 March

Crypto Market Plunges 12% Amid $1B Liquidations as Trump Reserve Plan Falters

The cryptocurrency market saw a sharp 12% decline, wiping out billions in value as over $1 billion in liquidations rocked traders. The sell-off comes amid growing uncertainty over former U.S. President Donald Trump’s proposed reserve asset plan, which had previously fueled speculation about potential government crypto adoption. Market Meltdown: What Triggered the Crash? Several factors contributed to the sharp downturn, …

5 March

SEC Drops Lawsuit Against Cumberland DRW: A Victory for Crypto Trading?

In a surprising turn of events, the U.S. Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against Cumberland DRW, a major player in the crypto trading industry. The decision marks a potential shift in regulatory enforcement and raises questions about the future of crypto-related legal battles. Background of the Case The SEC had originally filed a lawsuit …