South Korean Police Arrest Two Persons in $4.1M Crypto Scam
Crypto fraud cases in South Korea are currently on the rise as the industry gains momentum in the country.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
Crypto fraud cases in South Korea are currently on the rise as the industry gains momentum in the country.
Xiloyannis’ vision for Pixelmon includes pioneering fractionalized NFTs in a way that redefines the intersection of blockchain gaming and intellectual property rights.
The Terraform trial holds significant implications for the crypto industry. A win for the SEC would solidify its authority to regulate cryptocurrencies deemed securities.
ESMA proposed that crypto assets should be classified as financial instruments if they meet the criteria outlined in MiFID II’s definition of financial instruments.
Despite the market sentiment, altcoins sparked investor interest, resulting in a net inflow of $16 million.
The Telegram-based meme coin, Notcoin ($NOT) utilizes the tap-to-earn gaming mechanism to democratize its Web 3.0 GamiFi protocol.
The SFC disclosed the exchange provided a fake address for its location in Hong Kong on its website to gain investors’ trust.
Interestingly, the number of failed transactions from normal users was below 7%. That indicates that bots have overwhelmed Solana’s ecosystem.
For the crypto industry, DigiFT is the first firm to launch the first D.R. tokens linked directly to the US treasury bill.
BakerySwap’s PUMP meme coin presale shattered records, raising $280M and signaling investor appetite for risky yet potentially rewarding digital assets.
Floki ventures into regulated digital banking, signaling a shift from meme to mainstream crypto.
WisdomTree intends to use the WisdomTree Digital Trust Company to provide products and services to institutions and commercial customers in the future.
EU’s securities watchdog ESMA struggles to keep pace with crypto regulations as ESMA confronts resource constraints.
In its defense, Silvergate argued that it did not have a duty of care towards FTX customers and that its actions were not a significant factor in the customers’ inability to withdraw funds.
The Fantom (FTM) network has attracted more investors and developers as a layer one blockchain due to its upcoming Sonic upgrade.