🗞 CryptoNews of the Day 🗞
South Korean Central Bank Will Start CBDC Payment Pilot With 100K Citizens Next Year: The central bank of South Korea, the Bank of Korea (BOK), has announced plans to invite 100,000 Korean citizens to take part in a pilot program for its central bank digital currency (CBDC).
👉Details: https://coinmarketcap.com/academy/article/south-korean-central-bank-will-start-cbdc-payment-pilot-with-100k-citizens-next-year
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Singapore Implements New Rules to Safeguard Retail Investors in Cryptocurrency Trading: The Monetary Authority of Singapore (MAS), the nation's central bank and financial regulator, announced the strengthening of regulations.
👉Details: https://coinmarketcap.com/academy/article/singapore-implements-new-rules-to-safeguard-retail-investors-in-cryptocurrency-trading
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Bull Market Is Coming, According to Heads of Australia Crypto Exchanges: Australia's largest crypto exchanges are anticipating a surge in market activity in early 2024 as the cryptocurrency market enters a bullish phase.
👉Details: https://coinmarketcap.com/academy/article/bull-market-is-coming-according-to-heads-of-australia-crypto-exchanges
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Bitcoin’s Hash Rate Hits All-time High, Shows Strong Network Ahead of Halving: The hash rate of Bitcoin has reached an all-time high level, demonstrating the network's increased resilience in preparation for the highly anticipated halving event next year.
👉Details: https://coinmarketcap.com/academy/article/bitcoins-hash-rate-hits-all-time-high-shows-strong-network-ahead-of-halving
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BlackRock Met With SEC Officials To Discuss Spot Bitcoin ETF: Representatives from BlackRock and Nasdaq recently engaged in discussions with the United States Securities and Exchange Commission (SEC).
👉Details: https://coinmarketcap.com/academy/article/blackrock-met-with-sec-officials-to-discuss-spot-bitcoin-etf
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Sam Altman’s Involvement in Worldcoin Remains Firm Despite OpenAI Drama: Sam Altman, the former CEO of OpenAI, is reported to maintain a significant position in the crypto venture Tools for Humanity.
👉Details: https://coinmarketcap.com/academy/article/sam-altmans-involvement-in-worldcoin-remains-firm-despite-openai-drama
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Circle Launches Bridged USDC Standard To Allow Developers To Deploy on New Chains: Circle, a prominent issuer of stablecoins, has introduced a new standard to simplify the process of launching its stablecoin, USDC, on different networks.
👉Details: https://coinmarketcap.com/academy/article/circle-launches-bridged-usdc-standard-to-allow-developers-to-deploy-on-new-chains
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New Zealand Dollar Stablecoin Regulated by New Zealand Financial Markets Authority Goes Live: Easy Crypto, a cryptocurrency exchange based in New Zealand, has partnered with Labrys, an Australian blockchain development firm, to introduce a stablecoin called NZDD.
👉Details: https://coinmarketcap.com/academy/article/new-zealand-dollar-stablecoin-regulated-by-new-zealand-financial-markets-authority-goes-live
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Bitcoin Overtakes Ethereum in Transaction Fees on the Back of Renewed Ordinals Frenzy: Bitcoin (BTC) has recently surpassed Ethereum (ETH) in terms of average daily transaction fees, signaling a notable shift in the fee landscape.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-overtakes-ethereum-in-transaction-fees-on-the-back-of-renewed-ordinals-frenzy
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Marathon Digital Sees Shift in Bitcoin Mining Industry Dynamics With Energy Producers, Renewable Energy: According to Adam Swick, the chief growth officer at Marathon Digital, the Bitcoin mining industry has now entered a new phase.
👉Details: https://coinmarketcap.com/academy/article/marathon-digital-sees-shift-in-bitcoin-mining-industry-dynamics-with-energy-producers-renewable-energy
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SEC Files Lawsuit Against Kraken for Commingling Funds and Operating as Unregistered Exchange: The United States Securities and Exchange Commission (SEC) has taken legal action against Kraken, a cryptocurrency exchange.
👉Details: https://coinmarketcap.com/academy/article/sec-files-lawsuit-against-kraken-for-commingling-funds-and-operating-as-unregistered-exchange
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Targeting Attack Against YFI Markets Caused 40% Crash, According to dYdX Founder: Decentralized exchange dYdX has been compelled to utilize its insurance fund to cover losses amounting to $9 million caused.
👉Details: https://coinmarketcap.com/academy/article/targeting-attack-against-yfi-markets-caused-40percent-crash-according-to-dydx-founder
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Recent Altcoin Rallies Driven by South Korean Traders: The recent upsurge in prices of altcoins can be attributed to South Korean traders.
👉Details: https://coinmarketcap.com/academy/article/recent-altcoin-rallies-driven-by-south-korean-traders
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Worldcoin's WLD Token Drops 14% Following Sam Altman's Departure from OpenAI: The Worldcoin (WLD) token, which is linked to Worldcoin, a biometric project utilizing iris scanning and founded by Sam Altman, witnessed a 14% drop.
👉Details: https://coinmarketcap.com/academy/article/worldcoins-wld-token-drops-14percent-following-sam-altmans-departure-from-openai
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Polygon Gas Fees Spike as Users Rush To Mint BRC20-inspired POL Token: Gas fees on Ethereum's layer-2 Polygon network (MATIC) witnessed a significant surge, skyrocketing by over 1,000% and peaking at $0.10.
👉Details: https://coinmarketcap.com/academy/article/polygon-gas-fees-spike-as-users-rush-to-mint-brc20-inspired-pol-token
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El Salvador’s Nayib Bukele Down 8% on His 3,120 BTC Investment: El Salvador's President Nayib Bukele, a prominent advocate of Bitcoin (BTC), gained significant attention last year.
👉Details: https://coinmarketcap.com/academy/article/el-salvadors-nayib-bukele-down-8percent-on-his-3120-btc-investment
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Bitcoin Sender Mistakenly Overpays Record $3M in Transaction Fees: A Bitcoin (BTC) sender made a costly error by paying an unprecedented $3 million in transaction fees for a single transaction.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-sender-mistakenly-overpays-record-dollar3m-in-transaction-fees
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Netflix Director Used $4M of Show's Budget on Dogecoin, Netting $27M in Profits: Carl Erik Rinsch, the director of Netflix's sci-fi series "Conquest," allegedly utilized $4 million from the show's budget to invest in Dogecoin (DOGE).
👉Details: https://coinmarketcap.com/academy/article/netflix-director-used-dollar4m-of-shows-budget-on-dogecoin-netting-dollar27m-in-profits
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HTX, Formerly Huobi, Lost $13.6M as Part of HECO Chain Bridge Exploit, Justin Sun Promises Full Refund: HTX, formerly known as Huobi Global, suffered a significant loss of approximately $13.6 million in an exploit that targeted the HECO Chain bridge on November 22.
👉Details: https://coinmarketcap.com/academy/article/htx-formerly-huobi-lost-dollar136m-as-part-of-heco-chain-bridge-exploit-justin-sun-promises-full-refund
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KyberSwap Elastic Exploited, DEX Drained of $46M: KyberSwap, a decentralized exchange (DEX), suffered an exploit, resulting in the loss of approximately $46 million worth of funds.
👉Details: https://coinmarketcap.com/academy/article/kyberswap-elastic-exploited-dex-drained-of-dollar46m
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Celsius Network To Focus on Bitcoin Mining Following Post-Bankruptcy Restructuring: Crypto lending platform Celsius Network has made changes to its plans after emerging from bankruptcy, focusing solely on Bitcoin.
👉Details: https://coinmarketcap.com/academy/article/celsius-network-to-focus-on-bitcoin-mining-following-post-bankruptcy-restructuring
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U.S. Department of Justice Seizes $9M USDT Following Tether's Freezing of $225M Linked to Romance Scam: The Department of Justice (DOJ) in the United States has confiscated approximately $9 million worth of USDT (Tether).
👉Details: https://coinmarketcap.com/academy/article/us-department-of-justice-seizes-dollar9m-usdt-following-tethers-freezing-of-dollar225m-linked-to-romance-scam
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Apple Under Fire for Blocking Crypto Tech: Lawsuit claims Apple strong-armed payment processors to restrict crypto tools that threatened commissions and dominance.
👉Details: https://coinmarketcap.com/academy/article/apple-under-fire-for-blocking-crypto-tech
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Crypto Exchange Bittrex Global Shuts Down Operations: Liechtenstein-based cryptocurrency exchange Bittrex Global has announced its intention to gradually cease operations, starting with the suspension of trading activities on December 4.
👉Details: https://coinmarketcap.com/academy/article/crypto-exchange-bittrex-global-shuts-down-operations
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Oracles Network Pyth Airdrops Over $79M Worth of Tokens to Ecosystem Users: Pyth Network (PYTH), a decentralized finance (DeFi) oracles network, launched its token airdrop, resulting in an initial market capitalization of $765 million for its PYTH token on Solana.
👉Details: https://coinmarketcap.com/academy/article/oracles-network-pyth-airdrops-over-dollar79m-worth-of-tokens-to-ecosystem-users
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Argentina Elects Bitcoin-Friendly President Javier Milei: Bitcoin advocate Javier Milei won Argentina's presidential election on Sunday, promising to stabilize the economy and curb rampant inflation.
👉Details: https://coinmarketcap.com/academy/article/argentina-elects-bitcoin-friendly-president-javier-milei
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Fintech Startup Republic Crypto Chooses Avalanche for Tokenized Revenue-Sharing Security: Fintech startup Republic Crypto has announced its plans to launch a new tokenized security called R/Note on the Avalanche (AVAX) blockchain.
👉Details: https://coinmarketcap.com/academy/article/fintech-startup-republic-crypto-chooses-avalanche-for-tokenized-revenue-sharing-security
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SEC Delays Spot Bitcoin Applications Again, BTC Retraces: Bitcoin enthusiasts eagerly awaiting the green light for a Bitcoin exchange-traded fund (ETF) will need to be patient.
👉Details: https://coinmarketcap.com/academy/article/sec-delays-spot-bitcoin-applications-again-btc-retraces
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Tether Expands into Bitcoin Mining With $500M Investment: Tether, a company specializing in stablecoins, is preparing for a significant expansion into Bitcoin mining, with a planned investment of approximately $500 million over the next six months.
👉Details: https://coinmarketcap.com/academy/article/tether-expands-into-bitcoin-mining-with-dollar500m-investment
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Three Men Charged with Laundering $10M in Cryptocurrency Face Potential Prison Sentence: According to an announcement from the United States Attorney for the Southern District of New York, three individuals are facing accusations of laundering.
👉Details: https://coinmarketcap.com/academy/article/three-men-charged-with-laundering-dollar10m-in-cryptocurrency-face-potential-prison-sentence
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