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Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue Operations

The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly been cleared by the regulators to remain open. However, only four crypto exchanges have met the requirements to offer trading in Korean won.

28 Cryptocurrency Exchanges Meet Regulatory RequirementsSouth Korea’s financial authorities have released a list of 28 cryptocurrency exchanges that have met the regulatory requirements to stay open past Sept. 24 under the country’s new crypto regulations.

The amended Act on Reporting and Using Specified Financial Transaction Information requires cryptocurrency exchanges to obtain Information Security Management System (ISMS) certification by Sept. 24 and report to the Financial Intelligence Unit (FIU), a division of the Financial Services Commission (FSC). Crypto exchanges that fail to do so must cease operations by Sept. 24.
Bitcoin S2F Model Predicts $100K Price, But Time Model Points To $30K – Analysts Bet On Most Likely Prospect

Discussions on the closing price of Bitcoin have surfaced since the beginning of the 4th quarter. Many market observers, investors, and traders have a thing or two to say about where prices are headed, especially as the market is constantly struggling to beat the fundamental bearish storm that has plagued it since May.

The S2F model and Time model clash as predictions are largely differentThe Bitcoin stock-to-flow model essentially uses a stock-to-flow ratio to weigh the price value of the big bull. The number of Bitcoins in circulation at a given period, coupled with the incoming flow of newly minted Bitcoins are used as price pointers/determiners. The S2F model had predicted that Bitcoin would hit at least $88,531 by the 20th of July. However, the market took a different turn.

Despite this, the model has been accurate in predicting September lows, and the previous April price high. According to data from the model, Bitcoin should hit at least $100,000 by December. However, the time model points to a different and more bearish direction.
Regulation Key to African Fintech Sector Growth — New Study

According to the findings of a study by Afriwise, Kenya, Nigeria, and South Africa have the most developed fintech ecosystems on the continent. The study points to early regulation as one of the reasons for the industry’s success in these countries.

Regulated Fintech Ecosystems Attract InvestorsExplaining the key role that regulation has played in the growth of the fintech sector in these three countries, the study states:

The connection between regulations and a flourishing fintech sector is an important one. It is no coincidence that investors and businesses in fintech are drawn to markets with more robust financial regulatory ecosystems. It is one of the reasons that funding remains concentrated in a few markets.
Forwarded from TrendGuru AI
​​A lot of good deals in September. Look at one more of them. As always, excellent performance from our TrendGuru AI.

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Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
💵💵💵

What Is FTM?

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.

Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.

Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
SEC Assault On Ripple Hasn’t Negatively Impacted XRP Price — Billionaire Mike Novogratz

Mike Novogratz, the veteran investor behind crypto-focused merchant bank Galaxy Digital, shared insights on the impact of the U.S Securities and Exchange Commission (SEC) lawsuit against Ripple on XRP. Despite the bombshell suit, XRP is still alive and kicking, Novogratz says.

Novogratz: XRP Price Has Tripled Since SEC LawsuitNovogratz said in a tweet on Sunday that the price of the XRP token has not fallen. In fact, the longtime Bitcoin bull notes that it has nearly tripled since the SEC filed its complaint against blockchain payments startup Ripple in December 2020. He believes that this underscores cryptocurrency communities’ resilience.

“The value of $XRP has actually almost tripled since the SEC actions. It hasn’t plummeted. It’s a testament to the fact that once communities are formed with shared interest they are damn resilient.“
CEX.IO Exchange has reduced the fees for withdrawal to Visa cards to 2.5%

Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
Ethereum Altair Upgrade Launched. What Changed?

Ethereum Altair upgrade successfully launched on October 27, 2021, on Ethereum 2.0 mainnet. Will this impact an ETH holder? Is this the beginning of the most anticipated Ethereum 2.0? ChangeHero team is here to explain.

In BriefThe Ethereum Altair upgrade was launched on Oct 27, 2021, at 10:56:23 UTC.It is the first planned update to the Ethereum Beacon Chain (Ethereum 2.0) and introduced some changes to consensus, rewards and punishment;The upgrade will not require any action from the ETH holders;Despite the successful launch, there was no big change in the price of ETH.Ethereum Altair UpgradeWhile Ethereum Foundation is busy sending updates to the Proof-of-Work chain, there were none to the Proof-of-Stake chain. This just changed with the recent hard fork.

On October 27, 2021, the Ethereum Altair upgrade was successfully activated in epoch 74240 at 10:56:23 UTC. This is the first major update to the Ethereum Beacon Chain or Ethereum 2.0.
The largest crypto casino 7BitCasino gives out free bonuses to newcomers

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Digital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers Warn

Russian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may arise in the field of information security.

Financial Market Committee Sees Threats in Digital Ruble ProjectRussia’s digital fiat, currently under development, brings certain risks that lawmakers want the central bank to carefully examine. The implementation of the digital ruble may pose a challenge for the country’s financial sector, members of the important Financial Market Committee at the State Duma, the lower house of parliament, have noted after deliberations on the project.

The conclusion comes in response to the “Main Directions of Monetary Policy Until 2024” presented by the Central Bank of Russia (CBR), crypto news outlet Forklog reported this week. The document covers the prospects for the launch of a national digital currency among other aspects of Moscow’s government monetary policy.
Kyle Bass: Bitcoin’s Days Are Over, Investors Should Move On

For many, bitcoin has become the prime investment tool. If you want to strike it rich and have all your wealth solidly in one place, one needs to invest in the world’s primary digital currency by market cap. That’s the attitude several traders have, but it’s not shared by all. A few – such as Kyle Bass – believe that the big money has already been made in BTC, and the time has come to move on.

Kyle Bass On Bitcoin… It’s Days Are NumberedBass is the founder and chief investment officer at Hayman Capital Management. In a recent interview, he stated that he thinks bitcoin has run its course, and that investors have already made all they’re going to make on the currency. He believes the time has come for investors to refocus their attention and turn to other tools if they’re looking to keep their wealth stable.

One of the reasons Bass thinks BTC might be over and done with is because he sees heavy regulation making its way into countries like the U.S. in 2022. He says that following the China crackdown that occurred over the summer, there will be many other countries that repeat this behavior given that the entire space is largely unregulated and puts people at risk of losing their funds to hackers.
LBank Exchange Will List ARTM on December 22, 2021

INTERNET CITY, DUBAI, Dec. 20, 2021 – LBank Exchange, a global digital asset trading platform, will list ARTM token on December 22, 2021. For all users of LBank Exchange, the ARTM/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on December 22, 2021.

Although crypto market has been growing exponentially in recent years, most of cryptocurrencies still heavily derive value by investor speculation, which makes them have little to no utility purpose other than to be exchanged. Breaking into the crypto space and offering something different enough form what is already available, ARTM is here to build an easy-to-use software platform that can fuel the cryptographic needs of currently untapped markets. The ARTM token will be listed on LBank Exchange at 21:00 (UTC+8) on December 22, 2021, to further expand its global reach and help it achieve its vision.
Myanmar Military Government Proposes to Jail Digital Currency and VPN Users

Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders will be made to pay fines of up to $2,800.

Draft Bill Open for CommentsMyanmar’s military-ruled government is proposing to enact a law that outlaws the use of virtual private networks (VPN) and digital currencies in that country. Once enacted, violators of the new law not only face jail time but will be made to pay a fine.According to a report published by The Register, individuals caught using VPNs will face a possible jail sentence of between one and three years. In addition, offenders may also be asked to pay a fine of $2,800 or five million Myanmar Kyats. Digital currency users, on the other hand, face a minimum jail term of six months and a maximum of up to one year. They will also be liable to pay fines of up to $2,800.Besides targeting digital currency and VPN users, the military government’s proposed regulations will compel service providers to provide the personal information of users when requested to do so by authorities.A draft bill signed by Soe Thein, the permanent secretary of the Military’s Transport and Communications Ministry, is currently open for comments. As suggested in the report, citizens will be allowed to comment on the draft until January 28.

Proposed Law CriticizedReacting to the proposals, Alp Toker, the director of Netblocks — an internet monitoring company — is quoted in the report criticising the military government’s attempts to include provisions that were previously rejected by industry and civil society. The director said:

The proposed bill is draconian, even by the standards of the Burmese [Myanmar] military. The first version of the bill proposed in February 2021 was dropped after industry and civil society united to push back, but the military has been set on getting its way.
Wealthy Crypto Traders Are Pouncing on Shiba Inu (SHIB) and Several Additional Altcoins As Markets Bounce Back

Some of the wealthiest crypto investors in existence are pouncing on meme coin Shiba Inu (SHIB) and four other altcoins as the digital asset markets show signs of strength.

According to whale-monitoring platform WhaleStats, Shib Inu is back within the top 10 most purchased altcoins in the last 24 hours by the top 1,000 non-exchange Ethereum whales.
Binance NFT Announces Unique Mystery Box Collection in Collaboration With Toni Kroos

March 25, 2022 – Singapore, Singapore

Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain ecosystem and cryptocurrency exchange, is launching a unique collection in collaboration with Toni Kroos on March 31, 2022, at 11:00 a.m. UTC – one of the best German soccer players in history currently playing as a midfielder for Real Madrid.With the support of NFKings, a leading NFT and metaverse player, this collection will be released as 6,500 mystery boxes, each containing a hidden art piece made by Ahmed Abokor. The NFTs are based on Kroos’ career and his history as a soccer player, highlighting unique plays and moments.

There will be four classes of rarity, going from super super rare (SSR), super rare (SR), rare (R) and normal (N). Each mystery box will grant a chance to obtain any of the four categories – though the chances of receiving rare NFTs will of course be lower.
Meson Network And RSS3 Partner Up To Support Open Information Syndication Protocol In Web3

Meson Network, a bandwidth trading platform built on blockchain and RSS3, an open information syndication protocol entered into a strategic partnership to ensure RSS3 users enjoy accelerated static files in a fully decentralized network frame.

As per the announcement, the partnership will integrate Meson Network’s decentralized CDN to accelerate files and content faster, giving users a premium experience. Notably, Meson Network has been using RSS3’s Revery solution to distribute social content such as Twitter messages to various platforms for a long time now. The Revery solution has massively expanded Meson Network’s global distribution channels.
DOJ Charges Two Individuals for Allegedly Aiding Ethereum Developer in Helping North Korea Evade Sanctions

The U.S. Department of Justice (DOJ) is charging two Europeans with conspiracy to violate US sanctions on North Korea with former Ethereum developer Virgil Griffith.

According to a new DOJ press release, Spanish citizen Alejandro Cao De Benos and Christopher Emms of the United Kingdom are being sought for helping Griffith provide blockchain support to North Korea.
Coinweb is one of the most promising projects

Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Bitmex Co-Founder Arthur Hayes Avoids Prison for Violating US Bank Secrecy Act

Bitmex co-founder Arthur Hayes is not going to prison for violating the U.S. Bank Secrecy Act. Instead, the former crypto exchange CEO has been sentenced to “six months of home detention and two years of probation.” Hayes has agreed to pay a fine of $10 million.

Bitmex’s Arthur Hayes SentencedThe U.S. Department of Justice (DOJ) announced Friday that the founder and former CEO of cryptocurrency derivatives exchange Bitmex has been sentenced for violating the Bank Secrecy Act (BSA). Hayes pleaded guilty to violating the Bank Secrecy Act in February.
Major Blow To Panamanians As President Vetoes Crypto Regulation Legislation

Panama’s President Laurentino Cortizo has shot down a previously approved pro-crypto bill that would allow citizens to use cryptocurrencies as a means of payment and make the Central American nation compatible with DAOs.

According to the local media house La Prensa, Cortizo made the decision to partially veto the bill on the grounds that it should conform to the new regulations advised by the Financial Action Task Force (FATF) defining “fiscal policy and prevention of money laundering”.