South Korea is home to a considerable amount of cryptocurrency owners. The East Asian country has witnessed a rapid surge in cryptocurrency adoption rate, as the industry gets more mainstream. Notwithstanding, recent data suggests some of these crypto transactions might be going towards illegal deals.
On Friday (August 19), Emi Yoshikawa, Ripple’s VP of Corporate Strategy and Operations, reported a meeting with the mayor of Fakuoka City and his team at Ripple’s headquarters. Fukuoka is the capital city of Fukuoka Prefecture in Japan. It is also Japan’s sixth-largest city with a population...
The Ripple-SEC long-standing battle may have neared no end but its effect on its native cryptocurrency may now be worse. After the last ruling where it seemed like the payment processing company was progressing, Ripple [XRP] became the victim of an assault. Ethereum founder Vitalik Buterin led the attack on the cryptocurrency in what seemed like “payback time.” While applauding the Ethereum [ETH] community for resistance to regulation, Vitalik said the plight of Ripple was not to be supported and...
Three researchers from Sydney Australia, Ester Félez-Viñas, Luke Johnson and Tālis J. Putniņš, have alleged that Insider trading occurs in 10-25% of cryptocurrency listings in a research paper called “Insider trading in cryptocurrency markets”. The research paper uses crypto exchange Coinbase as a case study.
On Wednesday (August 17), Jurrien Timmer, Director of Global Macro at Fidelity Investments, shared his thoughts on the Bitcoin ($BTC) price. In March 2021, Timmer published a 12-page research paper on Bitcoin (title: “Understanding Bitcoin: Does bitcoin belong in asset allocation considerations?”). Timmer started by saying that he intended his paper to...
In a recent interview, billionaire investor and entrepreneur Mark Cuban criticized the U.S. Securities and Exchange Commission (SEC) for the way it deals with crypto. Cuban is the majority owner of the professional basketball team Dallas Mavericks, as well as one of the “sharks” on the highly popular reality show “Shark...
Every crypto exchange is under investigation by the Securities and Exchange Commission (SEC), claims an official from U.S. Senator Cynthia Lummis’ office. Lawyer John E. Deaton may have correctly predicted that SEC Chair Gary Gensler is going to “sue an exchange whether it’s Coinbase, Binance, or another exchange by the end of the year.”
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