Regulatory Issues Delay Crypto.com's Launch in South Korea
BitDegree
by Editor-In-Chief, BitDegree
2h ago
Key Takeaways Crypto.com has postponed its South Korean launch due to regulatory concerns over its anti-money laundering practices, following an emergency inspection by South Korean authorities; The exchange, which had acquired a local crypto platform to secure a VASP license, is now working closely with regulators to clarify its AML measures; South Korea is enhancing its crypto regulations ..read more
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PayPal Introduces Rewards for Eco-Friendly Bitcoin Mining
BitDegree
by Editor-In-Chief, BitDegree
4h ago
Key Takeaways Three Main Points:   1. PayPal proposes cryptoeconomic incentives to encourage Bitcoin miners to use sustainable energy, offering additional BTC rewards for green practices.   2. The initiative involves a certification process through Energy Web's platform, enabling miners to register and promote their commitment to low-carbon mining.   3. PayPal explores further technological avenues to support these incentives, aiming to maintain a balance of decentralization, implementation ease, and independence.     ..read more
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Ripple Challenges SEC's $1.95 Billion Fine, Suggests $10 Million is Adequate
BitDegree
by Editor-In-Chief, BitDegree
4h ago
Key Takeaways Ripple Labs opposes the SEC's request for a $1.95 billion fine, arguing that a maximum penalty of $10 million is more appropriate; Ripple states that the proposed penalties far exceed any past digital-asset case and are not aligned with court findings; Ripple denies having profits to return as disgorgement ..read more
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Canadian Investors Sue Binance for Breach of Securities Laws
BitDegree
by Editor-In-Chief, BitDegree
7h ago
Key Takeaways Three Main Points:   1. Binance is being sued in Canada for allegedly selling unregistered crypto derivative products, violating local securities laws.   2. The class-action lawsuit demands both damages and the rescission of transactions deemed unlawful, highlighting ongoing regulatory challenges for Binance in Canada.   3. Despite announcing a withdrawal from the Canadian market, Binance continues to face investigations and legal scrutiny, underscoring the complexities of cryptocurrency regulation.     ..read more
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New Bitcoin Runes Platform Launched by Magic Eden
BitDegree
by Editor-In-Chief, BitDegree
7h ago
Key Takeaways Magic Eden launches a new platform dedicated to Bitcoin Runes; The platform, still in beta, simplifies trading with features like Table View and upcoming Swap View; Future updates will introduce minting and "etching" of Runes in collaboration with Luminex ..read more
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Sam Bankman-Fried to Aid Investor Lawsuit Against FTX Celebrity Promoters
BitDegree
by Editor-In-Chief, BitDegree
20h ago
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Self-Regulatory Crypto Framework Proposed in Hong Kong
BitDegree
by Editor-In-Chief, BitDegree
23h ago
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Thailand Tightens Crypto Regulations, Unlicensed Exchanges Will Be Blocked
BitDegree
by Editor-In-Chief, BitDegree
23h ago
Key Takeaways Thailand's SEC announced plans to shut down unlicensed crypto exchanges to combat financial crime; Investors are urged to withdraw assets from non-compliant platforms and use the "SEC Check First" app to check the licensing status of crypto exchanges; The initiative aligns with global trends in tightening crypto regulations ..read more
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Is EigenLayer's Rapid Expansion Leading to a Yield Crunch?
BitDegree
by Editor-In-Chief, BitDegree
1d ago
Key Takeaways EigenLayer is the largest Ethereum-based restaking protocol with over $15 billion TVL, facing potential yield issues due to its rapid growth; Security demands for EigenLayer's services are below 10% of its TVL, causing concerns about the sustainability of investor yields; Proposed solutions include launching new tokens for immediate needs and integrating more deeply with the DeFi ecosystem ..read more
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New Mission Launched by BitDegree x Bit2Me: Discover the Exchange and Win Prizes
BitDegree
by Editor-In-Chief, BitDegree
1d ago
Key Takeaways BitDegree and Bit2Me have partnered to launch a new Mission that introduces users to the crypto exchange, enhancing learning with prizes; The Bit2Me platform is known for its ease of use and diverse services, catering to all levels of crypto users; The Mission involves a prize pool of Bits, a Bitcoin bonus and 100 USDT ..read more
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