South Korea Takes Legal Step to Stamp Out Unregistered Crypto Exchanges

Markets Daily Crypto RoundupWith the crypto market now reaching over $3 trillion in total market capitalization and a look at stablecoin regulation, CoinDesk’s Markets Daily is back with the latest news roundup.Listen on:

May 6, 2020 at 17:47 UTCUpdated May 6, 2020 at 18:17 UTCGavin Wood (Credit: CoinDesk archives)‘Very Near Launch’: Polkadot Founder Gavin Wood Details Network RolloutThe Polkadot network is “very near launch,” founder Gavin Wood told attendees of the Ready Layer One (RL1) virtual conference on Wednesday in a sneak peek of the Ethereum co-founder’s new…

Having dropped back from eight-day highs hit this morning, bitcoin (BTC) price could be in for a bout of consolidation before further upside unfolds. The cryptocurrency rose to $6,596 earlier today on Bitfinex – the highest level since Sep. 6 – adding credence to the short-term bullish reversal signaled by the symmetrical triangle breakout earlier…

Dec 3, 2020 at 2:30 p.m. UTCKraken co-founder and CEO Jesse Powell(CoinDesk archives)Kraken Exchange to Offer First Grants for Open-Source Ethereum ProjectsKraken has announced it will help fund open-source Ethereum projects in a first for the U.S.-based cryptocurrency exchange.In a blog post Thursday, Kraken said it will collaborate with Gitcoin, an Ethereum-based platform for community…

Crypto exchange Binance's activities are illegal in Nigeria, the country's Securities and Exchange Commission said in a Friday notice that also ordered all crypto platform providers to stop soliciting Nigerian citizens.The SEC said the post reiterated a June 9 warning that referred to a company called Binance Nigeria Ltd. Binance told CoinDesk at the time…

Nov 4, 2020 at 13:23 UTCUpdated Nov 4, 2020 at 13:26 UTC(Tung Cheung/Shutterstock)China’s UnionPay, the world’s biggest credit and debit card company, will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering.Under a freshly inked deal, UnionPay has teamed up with Korean payments firm Danal to offer its Paycoin cryptocurrency as…

May 20, 2020 at 16:18 UTCBlockchain Bites: Bitcoin’s Difficulty Adjustment and MoreBitcoin's network difficulty adjusted downwards today, making older mining machines profitable once again, while Tokensoft distributed $4 million in tokenized equity to investors and technology firms are calling upon the Department of Defense to invest in the blockchain arms race. Here's the story:You're reading Blockchain…

news Overstock has put off plans to sell its flagship retail business, delaying a large cash infusion that it was hoping to get for its portfolio of blockchain ventures. The company had originally aimed to sell the e-commerce business by the end of February, but on a conference call to discuss fourth-quarter results Monday, CEO Patrick…

news Coinbase has announced the possible addition of 17 new cryptocurrencies to its current line up. According to a blog post from the exchange, Coinbase is exploring the addition of avalanche, celo, chia, coda, dfinity, filecoin, handshake, kadena, mobilecoin, NEAR, nervos, oasis, orchid, polkadot, solana, spacemesh, and telegram. Some of those coins, including telegram, are…