South Korea reports first crypto ‘pump and dump’ case under new law

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Twitter’s top brass gutted as Elon Musk’s takeover begins Elon…

U.S. investment firm Fidelity, which administers over $7.2 trillion in client assets, has announced the launch of a new company, Fidelity Digital Asset Services, according to an Oct. 15 press release.The new company will offer custody and trade execution services for digital assets, targeting institutional investors like “hedge funds, family offices and market intermediaries,” and…

Amid the COVID-19 slowdown, institution-facing liquidity aggregator FalconX has raised $17 million from top VCs in the crypto space. 911 Total views 23 Total shares Institution-facing liquidity aggregator, FalconX, has announced a $17 million fundraising round including participation from Coinbase Ventures, Accel, and a venture capital firm associated with FMR LLC — the parent company…

The United States Consumer Price Index soared to 9.1% in June, exceeding expectations of an 8.8% rise year-on-year. Currently, the Fed funds futures point to an 81 basis points rate hike for July, suggesting that some participants anticipate a 100 basis points hike.Several on-chain indicators have been pointing to a likely bottom in Bitcoin (BTC)…

Indian crypto exchange Koinex has ceased operations effective immediately, co-founder Rahul Raj confirmed in a blog post on June 27.Raj said multiple delays by government agencies in clarifying crypto regulation have played a factor in the decision to close.This month’s proposal to introduce a 10-year jail sentence for Indian citizens who use cryptocurrencies had also contributed to…

After an attack at one point worth nearly $180 million, community members are left wondering if the exploit is a "rugpull" or a security lapse. 3256 Total views 10 Total shares Paid Network, a DeFi platform aimed at real-world businesses, has been exploited today in an “infinite mint” attack that has sent PAID token prices…

Ripple applied for a registration as a crypto asset firm with the United Kingdom's Financial Conduct Authority (FCA) after its partial win against the U.S. SEC. 564 Total views 8 Total shares Payment protocol Ripple has recently applied for a registration as a crypto asset firm with the United Kingdom's Financial Conduct Authority (FCA), a…

Bitcoin (BTC) has gained a new generatio of “hodler” in the past three years as stubborn investors refuse to sell.Data from the popular HODL Waves metric shows that those who bought Bitcoin in late 2020 are still sitting on their coins.BTC price should go "way higher" for hodlers to sellBitcoin’s longer-term investor cohorts, also known

Cryptocurrency portfolio tracker and tax calculator CoinTracker has surpassed 100,000 users and has signed up six new partners.The site, which is used by many traders to comply with tax reporting obligations,  announced the news in a blog post published on April 1.In the past month CoinTracker has partnered with six new organizations: Casa, Compound, Crypto.com,…