South Korea’s FSC denies decision on corporate crypto account roadmap
The financial watchdog said discussions are ongoing, despite local reports claiming otherwise.
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Upbit Hack: Stolen ETH Worth Millions on the Move to Unknown Wallets
One of the addresses involved in last week’s theft from South Korean crypto exchange Upbit is moving millions of dollars worth of stolen Ether (ETH) to an unknown wallet.As Whale Alert — a service dedicated to tracking major cryptocurrency transactions — has flagged today, Dec. 3, a 10,000 ETH (~$1.5 million) transaction occurred at 7:52…

MicroStrategy upsizes latest stock sale to $700M to buy more Bitcoin
MicroStrategy upsizes its convertible senior notes offering to $700 million, earmarking proceeds for Bitcoin purchases and corporate purposes.

UAE-Saudi Arabian Digital Currency ‘Aber’ to be Restricted to Select Banks at Start
The United Arab Emirates’ (UAE) central bank (UAECB) and the Saudi Arabian Monetary Authority (SAMA) have announced that the interbank digital currency they are co-developing will be called “Aber.” The news was reported by the national Saudi Press Agency on Jan. 29.A joint statement from the banks has reportedly outlined that the use of Aber…

Dash price explodes 100%, BCH breaks out as Bitcoin cools off below $40K
The price of Bitcoin has dropped below $40,000 as several high-cap coins return to the spotlight. 3498 Total views 14 Total shares Bitcoin (BTC) price has once again dropped below the $40,000 level on Jan. 10 after crisscrossing it for the past three days as the spotlight shifted to altcoins, namely Dash (DASH) and Bitcoin…

New decentralized stablecoin in China targets international trade
Conflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan. 819 Total views 15 Total shares As financial authorities around the globe become increasingly concerned about stablecoin regulation, a jurisdiction in China is preparing to pilot a new yuan-pegged stablecoin for international trade.Chris Banbury, head of global…

Crypto Lender Nexo Pays Token Holders Over $2.4 Million in Dividends
Crypto lending firm Nexo has paid its token holders a total of $2,409,574.87 in dividends. Nexo reportedly has reached an annualized dividend yield of 12.73%.Nexo announced the completion of its dividend payments in a press release on Aug. 16. According to the press release, Nexo has a user base of over 250,000. Moreover, Nexo’s dividend…

Ethereum price technicals hint at 35% gains versus Bitcoin in 2023
Ethereum’s native token, Ether (ETH), could grow by 35% versus Bitcoin (BTC) this year to hit 0.1 BTC for the first time since 2018 as it forms a classic bullish continuation pattern.Ethereum price must first break key resistanceDubbed an ascending triangle, the pattern forms when the price fluctuates inside a range defined by rising trendline support…

Ethereum’s 8th birthday: Crypto industry shares its top moments
The crypto community has come together to celebrate the 8th birthday of the Ethereum network, marking eight years since when the Ethereum Foundation first sent the network live.On July 30, 2015, former Ethereum Foundation CCO Stephan Tual penned a blog post, officially announcing that the network had been rolled out."The vision of a censorship-proof ‘world…