Crypto News
Bitcoin, XRP Briefly Wick Down 30% on South Korean Exchanges as Martial Law Declared
Major crypto tokens quickly plunged as much as 30% against the Korean won on South Korean exchanges as the government declared emergency martial law late on Tuesday.South Korean President Yoon Suk Yeol declared "emergency martial law," accusing opposition parties of undermining the government, sympathizing with North Korea, and paralyzing the nation’s legislative process.Negative sentiment spilled over to the crypto markets in the minutes following. Bitcoin, XRP — two of the most traded tokens by volumes on local exchanges — plunged as low as 30% on Upbit before quickly recovering. BTC fell from $96,000 to $63,000 in U.S. dollar terms, assuming current exchange rates.In crypto circles, South Korean traders are known for pushing euphoric rallies on tokens, contributing to buying pressure...
New Exchange Lunex Joins Ethereum and Uniswap in the Spotlight – Can It Surpass $0.50 by...
PRESS RELEASE. Three unique altcoins—Lunex Network (LNEX), Ethereum (ETH) and Uniswap (UNI)—are attracting huge investor attention with bullish price activities. While Ethereum’s (ETH) bullish surge points at a possible breakout to a new all-time high, Lunex Network’s innovative cross-chain capabilities promise to transform decentralized trading. Uniswap’s (UNI) spectacular climb of over 70% in just oneSource link
Tokenized Uranium Goes Live on the Tezos Blockchain with Archax, Cameco Involved
Nuclear energy is back in fashion, and a new blockchain-based marketplace aims to hop on the trend bringing investment access in the yellow ore to retail investors in a tokenized form.London-based Tezos ecosystem development firm Trilitech launched Uranium.io on Tuesday to offer tokens backed by physical uranium oxide U3O8, also known as "yellowcake."The app was built on Etherlink, an EVM-compatible layer-2 network on top of Tezos (XTZ). The project recruited U.K.-regulated digital asset firm Archax as custodian for the underlying assets and creating the tokens. The physical metal is stored and maintained in a regulated depository at Cameco, one of the world's largest uranium producers.Tokenized real-world assets is a rapidly growing corner of the crypto markets, with crypto firms and...
Brazil Groups Stablecoins With Foreign Currency in New Regulatory Draft
The Central Bank of Brazil has opened a public consultation on a regulatory draft that correlates the treatment of dollar-pegged stablecoins with foreign currency. The proposed rules, which will now be discussed with relevant stakeholders in the national cryptocurrency ecosystem, would require exchanges dealing in stablecoins to obtain two different operating licenses: one as aSource link
APAC Will Lead the Next Phase of Global Crypto Growth – Report
APAC is “uniquely positioned” to lead the next phase of global cryptocurrency growth, according to a survey conducted last month by Protocol Theory on behalf of CoinDesk.This is just a preview of the insights available in CoinDesk's latest report, Driven by Demand: The People-Powered Crypto Movement in APAC. Download the report today for even more exclusive findings.The region already boasts a higher adoption rate than its neighbors at 24% versus a worldwide average of 7.8%. The report found this is driven by a range of factors including rising internet penetration, evolving regulatory environments, speculative interest, practical utility, growing understanding, and a belief in crypto's future potential.Surveying 4,267 people across Australia, China, Hong Kong, India, Japan, Philippines, Singapore, South Korea, Thailand,...