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The South Korean Financial Services Commission (FSC) has swiftly rejected recent reports suggesting that the country is on the verge of allowing businesses to purchase cryptocurrencies as part of their operational activities. In an official statement, the FSC clarified that no such plans are currently under consideration, effectively quashing speculation that companies would soon be able to hold digital assets …

Gate.io, one of the world’s leading cryptocurrency exchanges, has announced its acquisition of Japan-based crypto exchange Coin Master, signaling its return to the Japanese market after a strategic hiatus. This move marks a significant step in Gate.io’s global expansion efforts, aligning with its mission to establish a stronger presence in highly regulated markets. A Strategic Acquisition Coin Master, a registered …

The Philippines Securities and Exchange Commission (SEC) has proposed a comprehensive regulatory framework aimed at tightening oversight of cryptocurrency service providers in the country. The move seeks to address growing concerns about fraud, money laundering, and investor protection in the fast-evolving digital asset space. Why Now? The crypto market in the Philippines has seen explosive growth, fueled by increasing adoption …

Hyperliquid, a fast-growing cryptocurrency trading platform, is grappling with an unprecedented outflow of funds following allegations of its involvement in facilitating transactions linked to North Korean cybercriminals. The platform, renowned for its lightning-fast execution and innovative trading features, is now under intense scrutiny as investigators examine claims of illicit activity tied to its systems. A Sudden Exodus of Funds The …

In a landmark international investigation, the FBI and Japanese police have uncovered a web of connections implicating a North Korean-linked trader in one of the largest cryptocurrency thefts in history. The case revolves around the audacious $300 million Bitcoin hack, which stunned the global financial community and raised alarms about the rising sophistication of cybercriminal operations. The Heist That Shocked …