Author: John Smith

South Korea’s regulator is about to suspend Upbit’s operations, citing the exchange’s failure to properly implement KYC processes. South Korea‘s financial regulator, the Financial Intelligence Unit, has notified Upbit, the country’s largest crypto exchange, of a potential suspension over violations of the KYC requirements and AML obligations, the Maeil Business Newspaper has learned. The report reads that the FIU issued a notice to Upbit on Jan. 9, warning that the exchange could face a suspension of up to six months. During this time, it will not be allowed to onboard new customers, though existing users can continue trading. Upbit has…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market gears up for its next bull run, Lightchain AI is emerging as a potential game-changer, poised to outperform established tokens like Binance Coin and Ripple. As the cryptocurrency market braces for its next bull run, seasoned tokens like Binance Coin (BNB) and Ripple (XRP) are expected to attract investor attention. However, a new contender, Lightchain AI, is emerging as a project that could outperform these established players. Currently priced at $0.00525 during its presale and…

Max Burwick has called Pump.fun “the evolution of MLM scams,” accusing it of exploiting investors—and now his law firm is preparing a lawsuit. On Jan. 15, Max Burwick—founder and Partner at Burwick Law—voiced strong criticism against platforms like Pump.fun as examples of what he calls “the ultimate evolution of multi-level marketing scams, preying on human desperation and the digital attention economy.”  The Promise of Crypto v. Crypto’s Great Pretender: How the Memecoin Narrative is nothing more than the Illusion of InnovationMemecoins, exemplified by platforms like https://t.co/ZKCPteQcP4, represent the ultimate evolution of multi-level marketing scams, preying on human…— Max Burwick (@burwick_max)…

More than two-thirds of Americans now own cryptocurrency, ChainPlay and Storible’s survey reveals. A new survey from ChainPlay and Storible reveals that nearly 70% of Americans now own crypto, marking a big step for digital assets in the U.S. The survey, which included 1,428 participants, shows crypto is becoming a go-to investment for people of all ages. Chainplay’s survey on crypto ownership in the U.S. | Source: Chainplay Political events are playing a role, too. The win of Donald Trump pushed nearly 40% of Americans to put more money into crypto. Interestingly, 84% of these were first-time buyers, proving how…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. AI predicts Rollblock, along with Stellar and Avalanche, to outperform Shiba Inu and Solana in 2025, with RBLK tipped for a massive 50x surge. AI recently identified altcoins that it believes will leave Shiba Inu and Solana in the dust this year. Stellar, Avalanche, and Rollblock (RBLK) top AI’s list of most bullish projects for 2025, with Rollblock, in particular, tipped for 50x returns as it grows this year.   Rollblock looks ahead to a bullish January In December alone,…

Polygon Labs has partnered with India’s largest telecom operator, Reliance Jio, to integrate blockchain into the company’s existing infrastructure. Jio, which is a subsidiary of Reliance Industries, services roughly 450 million Indians and plans to leverage Polygon’s technology stack to enhance its existing applications and services with blockchain and Web3 capabilities, according to a Jan. 15 announcement. While details about the exact nature of the Web3 products expected to be launched as a part of the collaboration were not disclosed, Jio Platforms Ltd CEO Kiran Thomas said the move would allow the company to “explore the boundless possibilities of Web3…

In December, crypto trading on centralized exchanges hit $11.3 trillion, with spot volumes blowing past the May 2021 peak as volatility spiked. December was a huge month for crypto trading on centralized exchanges as spot and derivatives volumes combined jumped 7.58% to a record-breaking $11.3 trillion, data aggregated by CCData shows. Spot trading hit $3.73 trillion, up 8.10%, smashing the previous peak from May 2021. Derivatives weren’t far behind, rising 7.33% to $7.58 trillion for their third straight monthly increase. But the spotlight was on spot trading, as its share of total volume grew while derivatives saw their lowest market…

Spot Bitcoin exchange-traded funds in the United States saw a return to inflows on Jan. 15, as Bitcoin briefly surpassed $100k following the release of U.S. December Consumer Price Index data. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $755.01 million in net inflows on Wednesday, breaking a four-day outflow streak during which over $1.2 billion exited the funds. Interestingly, the majority of the inflows on the day came from Fidelity’s FBTC, which attracted $463.08 million — its highest net positive flow since March 7 of last year, when it recorded an inflow of $473.4 million. ARK…

Is the era of bonds and treasuries ending? Hunter Horsley’s tweet suggests a nation might adopt Bitcoin ETFs for reserves. On Jan. 16, Hunter Horsley, CEO of Bitwise Asset Management, revealed on Twitter that at least one national government has begun investigating the possibility of investing in Bitcoin (BTC) exchange-traded funds. We just provided some information for a nation state asking about Bitcoin ETFs.Considering moving some exposure from foreign currency govt bonds into BTC.Bitcoin is entering a new chapter —— Hunter Horsley (@HHorsley) January 15, 2025 According to Horsley, the unnamed nation is considering shifting a portion of its foreign…

An Aixbt whale, labeled “0x001” went into a buying spree last week, which coincided well with the recent price rise of the token to a new all-time high. On Jan. 16, the token reached a maximum value of $0.9403. Developed on the Virtuals Protocol, an AI-driven virtual agent, Aixbt by Virtuals (AIXBT) serves as a crypto market intelligence platform. The service utilizes artificial intelligence to automate tracking and analysis of cryptocurrency market trends. It runs on both Solana and Base blockchains. According to Spot On Chain, the largest holder of AIXBT purchased an additional 3.81 million tokens over the past…