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According to South Korea’s Financial Intelligence Unit (FIU), local virtual asset exchanges reported a 49% increase in suspicious transactions to the FIU in 2023 compared to 2022. On February 14, the FIU released its 2024 Work Plan summary, sharing key data and strategic initiatives for overseeing the crypto market. The FIU actively encourages crypto exchanges
$LINK continues to rise thereby attracting significant investment from large-scale players. Recent developments indicate positive sentiment, and investors are expressing confidence in its future. $LINK has seen a remarkable 40% increase in the past month, mirroring the success of the rapidly growing $GFOX. Galaxy Fox ($GFOX) is on the verge of its public release, and
Many folks regret not getting into Bitcoin earlier, and now the spotlight is shifting towards altcoins like DeeStream (DST), closely watched by Chainlink (LINK) and Solana (SOL) enthusiasts. Chainlink has experienced a 3% increase in the last day, but the trading volume is dropping, suggesting a change in market dynamics—potentially hinting at sellers in the
Solana DEX aggregator Jupiter had an amazing day, handling a whopping $1.38 billion in trades over the last 24 hours. That’s more than double what Jupiter usually handles, making it the most popular DEX platform recently. The excitement started with Jupiter’s token launch and airdrop yesterday, causing a surge in activity on the Solana network.
The Hong Kong subsidiary of Harvest Fund Management, a Chinese asset management firm, applied for a spot Bitcoin ETF on January 26, marking a significant move in the region. According to Tencent News, this is the first submission of its kind in Hong Kong. The Securities and Futures Commission (SFC) is reportedly expediting the approval
In January, the Solana blockchain saw a surge in new addresses, hitting the highest count since May 2022. According to Hellomoon, around 10.13 million new Solana addresses were registered in January, marking a record compared to May 2022’s 11.72 million addresses. January 2024 now stands as the second-highest month in the blockchain’s history for new
CryptoQuant CEO Ki Young Ju made important statements today. The renowned CEO reported a significant increase in Bitcoin accumulation, with accumulation wallets now holding 1.7 million BTC, equivalent to a significant value of $68 billion. This increase in accumulation marks a critical moment in the Bitcoin market and shows investors’ growing interest and strategic positioning.
Within GameFi transformation in web3 lies the concept of Decentralized Autonomous Organizations, or DAOs, reforming the developing, playing, and governing of games. Here, every player has a voice that will be heard, decisions that will be made, and a vibrant community. This blog attends to the roles of DAOs in GameFi communities, how players are
Conan Korea recently launched the open beta version of OceanDrive, a desktop platform facilitating decentralized computer storage. This platform enables users to share and explore their digital assets, presenting a contrast to conventional cloud storage. Unlike cloud services, which are subject to provider policies and lack reward systems, OceanDrive employs decentralized nodes for storage, offers
Binance Labs has recently announced that they have invested in Memecoin (MEME), the native coin of Memeland. Memland’s primary focus is SocialFi and creator economies. Its main goal is to unite creators and communities using the MEME token and NFTs, capitalizing on connecting creators and communities. Before Binance Labs’ investment in MEME, the crypto was
