South Korea's crypto exchanges face an existential crisis as recent incidents expose a lack of decentralization and blockchain security, raising questions about their value and role in the financial system.
#YonhapInfomax #CryptoExchanges #Bithumb #Blockchain #Decentralization #TradingVolume #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104690
[From the Field]Crypto Exchanges Face Existential Crisis

South Korea's crypto exchanges face an existential crisis as recent incidents expose a lack of decentralization and blockchain security, raising questions about their value and role in the financial system.

Yonhap Infomax
From pizza purchases to DAG networks, here's a friendly tour through crypto’s earliest milestones and how they shaped the decentralized world we use today. https://hackernoon.com/5-crypto-firsts-you-should-know-from-the-first-exchange-to-the-first-dag #cryptoexchanges
5+ Crypto ‘Firsts’ You Should Know: From the First Exchange to the First DAG | HackerNoon

From pizza purchases to DAG networks, here's a friendly tour through crypto’s earliest milestones and how they shaped the decentralized world we use today.

Everyone - let's jump into the deep end of the pool!

Like other exchanges, Crypto.com has filed a national trust bank charter application. A national trust bank is a limited-purpose national bank, and as such can provide custody, safekeeping and other fiduciary services nationwide.

Note: it is NOT a full-service commercial bank and does not take FDIC-insured deposits or make traditional loans. Accounts will likely be “skinny” master accounts that do not pay interest payments on account balances or provide overdraft protection.

The filing is not an approval, and Crypto.com’s proposal targets institutional custody rather than consumer deposit accounts. https://finance.yahoo.com/news/crypto-com-files-national-bank-155451459.html #Crypto #CryptoExchanges #CryptodotCcom #NationalTrustBank #Banking #FDIC

United Kingdom’s Financial Conduct Authority (FCA) has filed a lawsuit against digital asset exchange HTX, formerly known as Huobi, accusing the platform of unlawfully promoting cryptoasset services to consumers. HTX is tied to Justin Sun, who serves as an adviser.

HTX breached the country’s financial promotions regime by targeting UK users without proper authorization or registration. HTX had been previously warned on multiple occasions going back 2023.

“The FCA has commenced civil proceedings in the High Court against HTX, a global crypto exchange, for unlawfully promoting cryptoasset services to UK consumers,”.

Violations constitute a criminal offense, carrying penalties of up to two years in prison, an unlimited fine, or both. https://cryptonews.com/news/fca-moves-against-htx-in-london-over-illegal-crypto-promotions-warning-to-other-exchanges/ #Crypto #CryptoExchanges #HTX #UK #UKFCA #CivilLawsuit #Lawsuit #CryptoCurrencies #DigitalAssets

@cryptadamist @brian_greenberg Granted, they do utilize #MoneyMules and #ShellCompanies as well as #CryptoExchanges to obtain said value.

  • And since their operational cost is relatively low, they can afford wasting 25%-50% in laundering if that meant they'd have clean profits elsewhere...

Obviously #Thailand (which acts as transit/gateway and starting point for #investigators looking for people #missing that turn out to be coerced if not flat-out abducted into these #ForcedLabour setups) isn't happy about an increasing number of (foreign) #diplomats and #investigators wanting to find where their nationals are, as obviously the Thai government isn't at fault.

  • It's just that #Bangkok is the closest international hub and thus place where those lured in with "attractive job openings" touch down based off ticket purchases and thus they enter the country there.

Not that any nation wants to have cases of abductions and missing foreign nationals within their borders (North Korea doesn't count!) but I guess we can all imagine that this seriously puts a dent in Thailand's reputation re: #tourism and #safety none of the politicans want to see...

Crypto Exchanges: Importance, Process & Benefits of Crypto KYC

Crypto exchanges explained- importance, how Crypto exchanges KYC in crypto works, its pros & cons, and top platforms to trade securely and legally.

https://www.finowings.com/Crypto-Currency/crypto-exchanges

#Cryptoexchanges #cryptoexchangesfinowings #cryptokyc #cryptoexchangesbenifits

BlockBlasters je jeu qui vole vos crypto par l'intermédiaire de valve ... Null n'est a l'abri et Steam est visé aussi, a bon entendeur ...

https://www.generation-nt.com/actualites/steam-malware-blockblasters-cryptomonnaie-piratage-2062807

#steam #jeuvideo #security #cryptoExchanges

Comment un jeu "vérifié" sur Steam a-t-il pu voler les dons d'un streamer malade ?

GNT est le portail Hi-Tech français consacré aux nouvelles technologies (internet, logiciel, matériel, mobilité, entreprise) et au jeu vidéo PC et consoles.

Génération NT

Crypto and Regulation - Wake up People!

"the crypto ecosystem poses real and growing challenges. An approach to crypto regulation that prioritizes public safety and long-term economic resilience is not only sound policy, but a necessary safeguard for the broader economy."

See Table 2 - Example Policy Recommendations towards the bottom of this piece - it's good.

One important measure would be prohibiting elected officials and high-level public servants from holding or promoting cryptocurrencies while in office. Doing so would help preserve impartial policy making and reinforce public trust. Examples:
1) Requiring public financial disclosures of crypto holdings by officials.
2) Banning crypto token launches, endorsements, or promotional activities by officeholders.
3) Prohibiting elected officials from investing in or advising crypto firms while in office.

https://www.brookings.edu/articles/protecting-the-american-public-from-crypto-risks-and-harms/ #Crypto #CryptoRegulation #CryptoPolicies #memecoins #stablecoins #CryptoExchanges #BlockChain #Brookings

South Korea's FSC allows coin liquidation for non-profits and exchanges, tightens listing criteria to protect investors from meme coins and market manipulation.
#YonhapInfomax #VirtualAssetRegulation #CoinLiquidation #ListingCriteria #FinancialServicesCommission #CryptoExchanges #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=61355
Coin Liquidation for Schools and Exchanges Allowed from Next Month, Listing Reviews to be Tightened

South Korea's FSC allows coin liquidation for non-profits and exchanges, tightens listing criteria to protect investors from meme coins and market manipulation.

Yonhap Infomax