The South Korean exchange is reportedly looking into a stock market launch despite local regulatory uncertainty. Major South Korean cryptocurrency exchange Bithumb is planning to hold an initial public offering (IPO), according to reports from local media. As reported by MoneyToday on June 24, Bithumb Korea, the trading platform’s operator, has begun preparing for a […]
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Crypto research firm Messari has estimated that Bitcoin could trade for $50,000 each if institutions allocate a low-single-digit portfolio percentage to BTC. Messari’s Ryan Watkins has crunched the numbers and predicts that if institutions allocate just 1% of their portfolios to Bitcoin, then BTC’s market cap could rise to above $1 trillion, Watkins’ research sought […]
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Micree Zhan released a scathing letter directed towards fellow Bitmain co-founder Jihan Wu, offering to buy out control of the company. The Bitmain power struggle continues as Micree Ketuan Zhan, one of the co-founders of the crypto mining giant and its largest shareholder, has reportedly made an offer to purchase shares controlled by his fellow […]
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CoinMetrics has found that the impact of Coinbase Pro listing announcements is overstated, producing price performances ranging from -1% to +14% over 20 days. The fabled ‘Coinbase Effect’ has a much more limited impact on the price of newly listed coins than is popularly believed, according to CoinMetrics. The crypto data analysis firm has just […]
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The US Supreme Court made a ruling on June 23 which will limit the amount of fines the SEC can impose on crypto and blockchain firms. The United States Securities Exchange Commission (SEC) has new regulatory limitations when it comes to punishing defendants with fines. The ruling would have altered the fines sought in some […]
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Top crypto exchange Binance has lost a domain name dispute with an Australian florist over the website binance.com.au. Leading cryptocurrency exchange Binance has lost a dispute over the domain name ‘binance.com.au’ to an Australian florist trading under the name Binancé. On June 17, the World Intellectual Property Organization (WIPO) denied a complaint filed by the […]
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After a Coinbase Pro listing drove Compound Governance Token prices up more than 100%, the market is now crashing back to Earth. Compound Governance Token (COMP), the native token to the popular decentralized finance (DeFi) protocol Compound, has suffered heavy losses after its meteoric first day of trading on Coinbase. After trading as high as […]
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DeFi tokens like LEND — the price of which has increased by 3900% since 2019 — rallied further this week, some to new all-time highs. Decentralized finance (DeFi) tokens from Balancer, Ben, Aave and Swissborg have all made huge gains, in the wake of excitement generated by the distribution of Compound’s governance token. Less than […]
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South Korea economist worries that tough regulation would slow down crypto’s growth. The South Korean government recently announced their intention to impose a tax on cryptocurrency, leading to backlash. Korean Yonsei University economist, Sung Tae-yoon, warned that the decision to tax crypto capital gains may slow the technology’s emerging market, according to Koreatimes on June […]
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Today’s Chainlink rally leaves the price just 3% away from setting a new all-time high, but can bulls maintain the current momentum? Chainlink (LINK), a smart contract blockchain network, is nearing an all-time high after the altcoin broke out today, notching a 11% gain at the time of writing. The altcoin first hit a record […]
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