Woori Technology, a venture capital firm based in South Korea, is at a significant crossroads as it considers divesting its stake in Dunamu, the parent organization behind Upbit, the nation’s preeminent cryptocurrency exchange. This development is particularly striking given the profound impact that Dunamu has had on the local digital asset market. Initial investments by
The Australian Securities and Investments Commission (ASIC) has initiated a significant dialogue regarding its regulatory stance on digital assets, calling for public feedback on its proposed framework changes. Announced on December 4, this pursuit aims to clarify the classification of various cryptocurrencies and digital products under existing financial laws. As the cryptocurrency landscape continuously evolves,
Launched in 2019, Pi Network boasts an impressive user base of over 14 million individuals who have engaged with the platform and completed Know Your Customer (KYC) verification. This number is significant, especially considering that Pi Network has always promised to democratize cryptocurrency mining by enabling users to mine digital tokens straight from their smartphones.
Recent analyses in the cryptocurrency arena indicate that Ethereum (ETH) is on the verge of experiencing a significant bullish indicator known as the golden cross. This technical signal occurs when a shorter-term moving average (MA), typically the 50-day MA, crosses above a longer-term MA, such as the 200-day MA. Historically, this event has been associated
The cryptocurrency market has been subjected to intense scrutiny following the spectacular downfall of FTX and Alameda Research. On December 3, a notable event occurred as the U.S. government transferred approximately $33.6 million worth of several cryptocurrencies to two unmarked addresses. The digital assets in question included high-profile tokens such as Ethereum (ETH), Binance USD
In the rapidly evolving landscape of technology, the introduction of the world’s first Web3 laptop by Thomson Computing marks a pivotal moment for both traditional and decentralized computing. This innovative device aims to create a seamless pathway for users to access the decentralized internet, offering an unprecedented combination of security and user experience. As the
The recent life sentence of Stanislav Moiseev, the alleged mastermind behind the infamous Hydra marketplace, marks a significant turning point in the realm of online drug trafficking. Alongside a hefty fine and lengthy prison terms for other members of his operation, the court’s decision highlights the efforts of law enforcement to combat illegal activities facilitated
In a groundbreaking trading session in Asia on Thursday, December 5, Bitcoin’s price surged to an unprecedented high of $103,630, as reported by Tradingview on Binance. This remarkable leap from an intraday low of approximately $95,000 represents a striking increase of over 7% within a mere 12 hours. Bitcoin has now showcased a staggering year-to-date
Recent discussions surrounding Bitcoin trading habits have shed light on a common misconception: the belief that HODLers, or long-term Bitcoin holders, never sell their assets. This notion was challenged by on-chain analyst James Check, who pointed out that these holders do indeed engage in selling. This behavior has significant implications for the market, particularly in
Ethereum (ETH), the prominent cryptocurrency that ranks second only to Bitcoin in terms of market capitalization, is currently navigating another challenging chapter in its price history. Recently, the asset has witnessed a noticeable decline, dropping by 2.4% within a 24-hour period, with its price hovering around $3,577. This downturn reflects a 26.8% drop from its