Crypto
Crypto Token CNC Price Gains 50% as DeFi Platform Conic Finance Plots Return After Hack
According to the governance post, the protocol will hold voting in two days about the list of supported Omnipool assets, whitelisted Curve pools for each Omnipool and initial liquidity allocation weights. Once the votes conclude, a separate governance proposal about the v2 deployment will include new features, reimbursement schemes and incentives. Source link
South Korea Financial Regulator Proposes Consumer Protection Rules for Crypto Users
The rules are scheduled to take affect on July 19 next year. Source link
Bitcoin (BTC) Price Dips Near $40K in Steepest Drawdown Since August; LINK, ADA, XRP Lead Crypto Losses
Over the space of a few minutes Sunday evening, BTC plunged to near $40,500 from around $43,800 in what could be termed a “flash crash.” Prices quickly recovered to $42,400, but then started to slide again during U.S. afternoon hours to as low as $40,200, a level it broke through on the way up a…
Crypto Exchange Binance Saw Major Decline in Market Share in 2023
Despite Binance’s decline in spot trading market share over the year, it still remains the largest cryptocurrency exchange by a wide margin. In second place to Binance’s 30% is Seychelles-based OKX, which has seen its market share grow to 8% in December from around 4% to start the year, according to CCData. Source link
UK FCA Slow to Take Enforcement Action on Crypto Firms, the National Audit Office Says
The FCA has required crypto firms to register to comply with the country’s anti-money laundering regulations since January 2020. Although it then began supervision work, including engaging with unregistered firms, “it did not begin taking enforcement action against illegal operators of crypto ATMs until February 2023,” according to the report. Source link
Bitcoin Price (BTC) Decline Has Crypto Stocks COIN, MSTR, and MARA Buckling
The price drop followed a swift correction in crypto markets Sunday evening, with BTC dropping nearly 10% from the $44,000 level in the space of a few minutes in what might be termed a “flash crash.” At press time, bitcoin was trading at $41,700, down about 5% over the past 24 hours. The CoinDesk Market…
Conio, Backed by Italian Banks, Partners with Coinbase for Supporting Crypto Banking in Italy
“Conio created the first multisig bitcoin wallet for smartphones in Italy, and we are now enlarging the custody capabilities because Italian banks are demanding more in the way of digital assets,” said Conio general manager Orlando Merone in an interview. “We are adding EVM Ethereum Virtual Machine chains, and the target is to cover almost…
Crypto VC Firm C1 Eyes Acquisition of Australian Entities: Report
“Due to current market conditions in the public and private markets, hyperinflation and rising interest rates, we believe the digital assets market offers very attractive valuations in the secondary market,” the deck reads, according to the report. Source link
The Binance Crackdown Will Be an ‘Unprecedented’ Bonanza for Crypto Surveillance
One attraction of Binance, as the company grew from its 2017 founding into the biggest cryptocurrency exchange in the world, was the firm’s freewheeling flouting of rules. As it amassed well over 100 million crypto-trading users globally, it openly told the United States government that, as an offshore operation, it didn’t have to comply with…
Tether Freezes 41 Crypto Wallets Tied to Sanctions
“By executing voluntary wallet address freezing of new additions to the SDN List and freezing previously added addresses, we will be able to further strengthen the positive usage of stablecoin technology and promote a safer stablecoin ecosystem for all users,” said Tether CEO Paolo Ardoino. Source link