South Korean customs authorities on Tuesday arrested 16 people involved in illegal foregin exchange transactions, according to a report by local outlet Newsis. Source
Sixteen Arrested in South Korea for Illegal Crypto Trading Activities: Report
Day: August 31, 2022
Scenarios for Coming Crypto Regulation
There are two, maybe three, possible outcomes here. The most likely, unfortunately, is that Genslerโs SEC places mounting legal pressure on both token issuers and exchanges, primarily using even more enforcement actions to treat tokens as securities in a relatively uniform way. That would almost certainly strangle many good crypto projects along with the bad. Source
LEO Hits 6-Week High, as NEAR Jumps Higher for Third Straight Session โ Market Updates Bitcoin News
LEO rose to a six-week high on Wednesday, as prices rallied for a fifth consecutive session. The move came as the token raced past a key resistance level, on its way to todayโs peak. Near protocol was another notable gainer, climbing for a third straight day. UNUS SED LEO (LEO) Unus Sed Leo (LEO) was one of the big movers in todayโs session, as the token rose for a fifth consecutive day. Following a low of $5.33 on Tuesday, the token raced to an intraday peak of $5.68 earlier in…
TA- Near Protocol Struggles With Resistance, Can Bulls Push Price To $6?
The price of Near Protocol (NEAR) showed bullish signs of going higher to a region of $6-$7, but the price was rejected back to its support area, where it has found high demand for its price. Bitcoin (BTC) and Ethereum (ETH) all saw a relief bounce from their monthly low, leading to altcoins like Near Protocol (NEAR) having a measure of relief bounce. (Data from Binance) Near Protocol (NEAR) Price Analysis On The Weekly Chartย The price of NEAR showed some great bullish strength after breaking above its weekly resistance…
Binance Froze Russian Gun Maker’s Crypto Assets, Likely at Ukraineโs Request
This explains how the Ukrainian authorities were able to block the wallets. Decentralized blockchains, such as Bitcoin and Ethereum, do not allow anyone to block or freeze any addresses or transactions. However, centralized custodial exchanges, such as Binance, Coinbase (COIN), FTX, which hold cryptocurrency on their usersโ behalf, can refuse service to individual users at the request of authorities. Source
Paraguayโs President Vetoes Bill That Would Regulate Crypto Mining and Trading
In its recommendation to the executive branch, the Central Bank of Paraguay said that โcryptocurrencies are not backed by any monetary authority and, therefore, their safekeeping is not supervised.โ The intention to regulate the industry and trading of virtual assets โcould create a false sense of security,โ the Paraguayan monetary authority added. Source
Play to earn crypto games | Free ethereum game without investment 2022 | Earn free ethereum #crypto
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The Perverse Impacts of the Anti-Money-Laundering System
CryptoX – Cryptocurrency Analysis and News Portal The Perverse Impacts of the Anti-Money-Laundering System Source The post The Perverse Impacts of the Anti-Money-Laundering System appeared first on CryptoX. CryptoX Portal
The Perverse Impacts of the Anti-Money Laundering System
The Perverse Impacts of the Anti-Money Laundering System Source
Bitcoin price clings to $20K as analyst says Fed โburiedโ soft landing
Bitcoin (BTC) fluctuated around the key $20,000 mark into Aug. 31 as the outlook on United States inflation darkened. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD again dipping below the last halving cycleโs top overnight, only to regain lost ground to circle $20,300 on the day. The rangebound moves accompanied modest recoveries for U.S. stocks, with the S&P 500 and Nasdaq Composite Index up 0.15% and 0.6% within the first hourโs trading, respectively. Concerns over the Federal Reserveโs plans on tackling inflation after last weekโs gloomy speech by…