Spot volumes on local exchange Upbit have nearly doubled since September, analysts at on-chain data firm CryptoQuant shared in a Friday note to CoinDesk. Upbit, which constitutes over 85% of the Korean trading volume, experienced an 82% growth in October compared to September, with trading volume rising from $32.8 billion to $59.8 billion. Source
Day: November 17, 2023
Over 100 Million MATIC Incinerated In POLS Mint, But The Gold Rush Is Far From Over
The POLS mint was arguably the most anticipated event on the Polygon (MATIC) blockchain this year and the stats have corroborated this. On Thursday, the Bitcoin BRC-20-inspired mint took place and the burn figures have been nothing short of impressive. Over 100 million MATIC tokens were incinerated as a result of this event. But data suggests that this rush is far from over. POLS Mint Triggers Massive MATIC Burns The POLS token mint saw a massive turnout from the Polygon community as thousands of investors clamored to mint their tokens.…
Ripple lawyer urges fact-check of Gary Gensler’s speech, says SEC actions seen as ‘shady’
As Gary Gensler reiterated the United States Securities and Exchange Commission’s mandate in a speech, Ripple’s lawyer and various crypto community members responded, criticizing the SEC chair and arguing that the commissioner’s words contradict his actions. On Nov. 16, SEC Chair Gary Gensler shared a video of him conducting a speech at the 2023 Securities Enforcement Forum. In the speech, he highlighted the words of the first SEC chair, Joseph P. Kennedy, saying that the government agency should be “partners of honest business and prosecutors of dishonesty.” As Joseph P.…
Ripple lawyer urges fact-check of Gary Gensler’s speech, says SEC actions seen as ‘shady’
As Gary Gensler reiterates the United States Securities and Exchange Commission’s (SEC) mandate through a speech, Ripple’s lawyer and various crypto community members responded, criticizing the SEC chair and arguing that the commissioner’s words contradict his actions. On Nov. 16, SEC chairperson Gary Gensler shared a video of him conducting a speech at the 2023 Securities Enforcement Forum. In the speech, the incumbent SEC chair highlighted the words of the first SEC chairperson, Joseph P. Kennedy, saying that the government agency should be “partners of honest business and prosecutors of…
Former NHS secretary found guilty of illegally accessing medical records
A former NHS employee has been found guilty and fined for illegally accessing the medical records of over 150 people. Loretta Alborghetti, from Redditch, worked as a medical secretary within the Ophthalmology department at Worcestershire Acute Hospitals NHS Trust when she illegally accessed the records. In June 2019, a complaint was raised by a patient who was concerned that their medical records had been accessed by an employee.An investigation revealed that Ms Alborghetti had accessed this individual’s records 33 times between March 2019 and June 2019, without consent or a…
Here Are 3 Charts Supporting the Bull Case for Bitcoin
Charts related to global central banks, U.S. financial conditions and the 10-year U.S. Treasury yield suggest the path of least resistance for the cryptocurrency is upward. Original
Global securities body IOSCO unveils crypto regulatory framework proposals
IOSCO, the international regulatory body overseeing securities markets, has released its conclusive report containing policy suggestions for crypto and digital asset (CDA) markets. The suggestions within this report play a crucial role in formulating a unified global regulatory approach to address the substantial risks to investor protection and market integrity posed by centralized crypto asset intermediaries known as crypto asset service providers (CASPs). IOSCO’s specific and focused recommendations provide a thorough explanation of regulatory expectations. According to the report, these expectations can be addressed by applying existing rules or creating…
Ukraine officials get training on crypto and virtual assets investigation
14 Ukrainian officials received advanced training on investigating new-age financial crimes in a training course held from Nov. 14 to Nov. 17 in Vienna, Austria. According to a report released by the Organization for Security and Co-operation in Europe (OSEC), select supervisory and law enforcement officials from Ukraine learned about advanced techniques and tools required to investigate financial crimes using virtual assets. OSEC comprises 57 participating countries from Europe, Asia and North America that aim to tackle security-related and other concerns globally. Participants of the advanced training on virtual asset and…
Strike to charge non-U.S. users for Bitcoin purchases with debit card
Strike CEO Jack Mallers admitted high fees for crypto purchases with debit card but noted the firm is working to find a cheaper way. Bitcoin (BTC) payments firm Strike is rolling out its services globally, allowing users in 35+ countries to purchase BTC through its app with a debit card. Announcing Buy Bitcoin Globally Today, @Strike marches forward on its mission to democratize financial freedom around the world Our global users can now buy #bitcoin, cash out, shop, and more This is more than just an update; it’s a milestone!…
Information Commissioner seeks permission to appeal Clearview AI Inc ruling
The UK Information Commissioner is seeking permission to appeal the judgment of the First Tier Tribunal (Information Rights) (Tribunal) on Clearview AI Inc (Clearview). In its judgment the Tribunal supported the ICO’s view that US-based Clearview was processing personal information, which related to the monitoring of individual’s behaviour through the collection of billions of facial images, which were then offered for access and analysis using AI, to foreign subscribers. The Commissioner welcomes this important clarification regarding UK data protection legislation as it provides certainty for businesses who are carrying out…