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Bank of Korea Governor says interest rate cuts unlikely after unprecedented political unrest
Bank of Korea Governor Rhee Chang-yong believes the central bank is unlikely to lower interest rates because of the country’s recent political turmoil. He said the chaos caused by President Yoon Suk Yeol’s move to impose martial law on the country had little implications for South Korea’s economy. In an interview on Bloomberg TV, Rhee […]Cryptopolitan
Wed, Dec 4
Australia’s ASIC proposes updates to crypto asset guidance
The Australian Securities and Investments Commission (ASIC) has announced an expansion to its cryptocurrency regulatory framework through Consultation Paper 381. ASIC proposed comprehensive updates to Information Sheet 225 regarding digital assets and financial products via a news release. ASIC commissioner stressed commitment to responsible innovation ASIC Commissioner Alan Kirkland emphasized the regulator’s commitment to creating […]Cryptopolitan
Wed, Dec 4
Celebrating Crypto’s Early Icons: BTCC OG Week Honors Bitcoin and Meme Coin Pioneers
BTCC Exchange invites the crypto community to celebrate the rich history of digital assets with the launch of BTCC OG Week. This unique campaign series highlights Bitcoin and the original meme coins that have shaped today’s crypto market. As Bitcoin soars to new all-time highs, BTCC OG Week is designed to honor these timeless classics, […]Cryptopolitan
Wed, Dec 4
Why is the crypto market down today? Liquidations near $600M, and bulls take a rest
Over the last 24 hours, crypto market liquidations have reportedly surpassed $590 million, coupled with an increased number of crypto market positions. The surge in liquidations follows South Korea’s President’s decision to enact martial law in the country, which caused heightened activity in crypto exchanges. MN Consultancy founder and crypto analyst Michael van de Poppe […]Cryptopolitan
Wed, Dec 4
South Korean Won strengthens, while XRP, BTC, and equities tank amid calls for the president to step down
South Korea’s political landscape took an unprecedented turn on Tuesday as President Yoon Suk Yeol declared martial law. The South Korean Won (KRW) briefly weakened against the dollar, while Bitcoin (BTC) and Ripple (XRP) values plummeted on Upbit. Hours after Yoon’s unexpected decision, which saw public protests and army involvement, his cabinet reversed the order […]Cryptopolitan
Wed, Dec 4
Dubai’s virtual asset regulator issues alert against XT.com and six other crypto entities
Dubai’s Virtual Assets Regulatory Authority (VARA) has issued alerts for seven crypto entities claiming to be registered and licensed in Dubai. The entities include, Koto Crypto, Finchain, Crypto Force, Coin Cashy, BTC Bay, XT.com, and Stabit. The first entity, Koto Crypto based out of DMCC (Dubai Multi Commodities Center) which claims to be registered in […]Cryptopolitan
Wed, Dec 4
Elections, war, and now a potential govt ousting. Will Polymarket take it too far?
The escalating situation in South Korea has once again proven why Polymarket sets itself aside in the odd pricing business and why the US government tried to intimidate its creator. For context, Polymarket accurately predicted the escalation of political turmoil brewing in South Korea after President Yoon Suk Yeol declared martial law out of nowhere. […]Cryptopolitan
Wed, Dec 4
