South Korean central bank eyes MiCA, says future regulations may allow ICOs again

The South Korean central bank has indicated that initial coin offerings (ICOs) will be allowed under the Digital Assets Framework Act, according to a local news report. That comprehensive legislation is expected to be introduced in 2023 and implemented the following year.  The Bank of Korea (BOK) discussed ICOs in comments to a Korean translation of the European Union’s Markets in Crypto-Assets (MiCA) legislation released Monday. The BOK stated that the MiCA regulatory package protected users and investors without hindering innovation. “A balanced approach is needed to foster a sound…

Why Bitcoin Is Oversold As BTC Reclaims Territory North Of $20,000

Bitcoin was able to score some profits over today’s trading session as the market slightly rebounded after a spike in selling pressure. This saw the largest cryptocurrencies trading in the red negatively impacting market sentiment. At the time of writing, Bitcoin (BTC) trades at $20,300 with a 1% profit over the last 24 hours and a 6% loss over the past week. In the crypto top ten by market cap, BTC stands as one of the best performers only surpass by ETH’s price by 4% over the same period. BTC’s…

Dubai-Based Virtuzone to Accept Crypto Payments via Binance Pay

Binance Pay, a contactless cryptocurrency payment service designed by crypto exchange Binance, supports more than 40 cryptocurrencies, including bitcoin (BTC), ethereum (ETH), and USD coin (USDC). The platform is intended to enable instantaneous international money transfers and user-to-user transfers, eliminating third-party transaction fees. Source

Bitcoin Stablecoin Supply Ratio Is Approaching A “Buy” Signal

On-chain data shows the recent trend in the Bitcoin Stablecoin Supply Ratio may suggest the crypto could see a buy signal soon. Bitcoin Stablecoin Supply Ratio RSI 14 Is Near A “Buy” Signal As explained by an analyst in a CryptoQuant post, whenever the SSR RSI has gone below a value of 25 during recent years, the crypto has observed a buy signal. The “Stablecoin Supply Ratio” (or SSR in brief) is an indicator that measures the ratio between the market cap of Bitcoin, and that that of all stablecoins.…

Meta announces Facebook and Instagram users can post NFTs from digital wallets

Facebook and Instagram users can both post nonfungible tokens, or NFTs, and digital collectibles to their accounts by linking their wallets. In a Monday update to a May 10 blog post, Facebook’s parent company Meta said the social media platform’s roughly 2.9 billion users would have the ability to share digital collectibles and NFTs. The announcement followed an Aug. 4 update in which Meta said Instagram users across 100 countries could post digital collectibles minted on the Flow blockchain or from wallets supporting the Ethereum or Polygon blockchains to their…

Coinbase-Backed Crypto Exchange Cooperating With Investigators After Offices Searched by Authorities: Report

India’s leading crypto app is reportedly cooperating with authorities after law enforcement officers searched its premises this week. Reuters reports that agents from the Enforcement Directorate (ED), India’s financial-crime agency tasked to investigate money laundering and foreign exchange offenses, raided the offices of crypto platform CoinSwitch on Thursday. An unnamed source with direct knowledge of the case claims that the search is related to suspected violations of the country’s foreign exchange law. The agents reportedly asked about the company’s foreign investments, income and outflows to check for compliance. CoinSwitch CEO…

WARNING! 5 Reasons Bitcoin & Crypto Bottom Might NOT Be In!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin, crypto, and stock bottom might still come in Q4! [Crypto News] 💸 BYBIT 30% OFF & $4,100 BONUS 👉 🔥 GET MY FREE INVESTOR REPORT 👉 0:00 Today in Crypto 0:55 Taiwan 3:12 Gas Prices 5:15 Inflation 6:05 Recession 7:24 Housing Markets 8:00 Crypto Markets What is the future for the prices of Bitcoin, crypto, and stocks? Are the crypto markets turning bullish again? Well in this video I want to discuss 5 reasons why we need to remain cautious as…