Topic

International

Global Cryptocurrency Market and FinTech Trends

Argentine Foreign Minister Confirms Legality of Financial Contracts Using Bitcoin

Argentine Foreign Minister Diana Mondino has affirmed that, according to current Argentine law, financial contracts utilizing Bitcoin can be legally established. She further stated, “This applies equally to financial contracts involving tangible transactions, including other cryptocurrencies or commodities such as milk.” Newly inaugurated Argentine President Javier Milei, known for his

Crypto Frauds Decrease by 51% Following MiCA Implementation

Citing a report from the Israel-based global ID information company AU10TIX, FinanceMagnates has conveyed that cryptocurrency fraud cases have decreased by 51% due to the implementation of the European Union’s MiCA (Markets in Crypto Assets) regulations. The report states, “With the strengthened regulation in the cryptocurrency market, fraud cases

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Himalaya Exchange Faces Lawsuit from 3,300 Customers Over $260 Million Seized by U.S. Government

The U.S. prosecution, having charged the CEO of the cryptocurrency exchange Himalaya earlier this year, seized $260 million, prompting 3,300 exchange customers to file a lawsuit against the U.S. government, demanding the return of the funds. Previously, the prosecution had charged Miles Guo, the founder of Himalaya,

Binance Co-Founder Highlights Emphasis on Inscription

During a Twitter Space AMA, Binance co-founder mentioned a heightened focus on Inscription in the future. Addressing user concerns about the inconvenience of the Binance Web3 Wallet, he explained that the Binance Research team initially perceived BRC20 tokens as a passing trend and did not allocate sufficient resources due to

Financial Services Commission and Korea Financial Services Commission Announce Draft Regulations on Virtual Asset User Protection Act

The Financial Services Commission and the Korea Financial Services Commission revealed on the 10th that they plan to legislate and enforce regulations under the Virtual Asset User Protection Act, effective from July next year in Korea. According to the regulations, investors in virtual assets will receive interest for depositing money

Despite Cryptocurrency Ban, Approximately 58 Million People in China Still Hold Crypto

CoinTelegraph, citing a recent report from CoinGecko, stated that “China has banned cryptocurrencies, but around 58 million people (4.08%) still hold crypto.” The report also highlighted, “El Salvador has less than 2% of its population holding cryptocurrency and is the only country in the world actively using cryptocurrency as

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Chinese Court Sentences Perpetrator of ¥120 Million Cryptocurrency Ponzi Scheme to 5 Years and 9 Months in Prison

According to the Chinese Prosecutors’ Daily, the Hubei Province’s Xichuan District prosecutors recently initiated an investigation into a ¥120 million cryptocurrency Ponzi scheme. The local court has sentenced the suspect, Mr. Wang, to 5 years and 9 months in prison, along with a fine of ¥500,000. Wang had

Analysis: BTC $45,000 Resistance, Key Zone Accumulating Average Cost of 2-3 Year Holding Addresses

Cryptocurrency quant contributor Gustavo Faria emphasizes that the $45,000 mark for Bitcoin serves as a critical resistance not only from a technical standpoint but also due to a significant accumulation of holdings by mid-term investors. He explains, “The $45,000 level is a concentration zone for the average acquisition