South Korean Crypto Exchanges Plead for 6 Months of Regulatory Mercy
South Korean blockchain organizations have told regulators that it will be impossible for the nation’s crypto exchanges to meet a September 24 registration deadline and want six more months to prepare – although it looks like their pleas may have fallen on deaf ears.
Bitcoin Consolidates, Ethereum and Altcoins Extend Gains
Bitcoin price is still struggling to gain pace above USD 35,000.
Ethereum extended its recovery above USD 2,100, XRP is stuck near USD 0.65.
KSM rallied almost 32%, and COMP gained nearly 27%.
UK, US, India, Singapore See More Crypto-Related Regulations, EU Bans High-Value Provision of Crypto...
Only five crypto firms — CEX.IO, Copper Technologies, GlobalBlock, Revolut, and Moneybrain — remain on the UK Financial Conduct Authority's (FCA) temporary registration (TRR) list, able to trade while their applications are being considered by the regulator.
Polish Miner Uses Solar Panels to Mine Bitcoin, Heat His House
Seeking to reduce the carbon footprint of his bitcoin (BTC) mining operations, as well as cut his electricity bill, Paweł Wojciechowski has reached for photovoltaic (PV) modules to mine the cryptocurrency, using the excess heat to warm the water in his household.
Billionaire ‘Most Intrigued’ By Crypto Despite Regulatory Pushback + More News
Dan Loeb, CEO and Founder of US-based multi-billion hedge fund Third Point, in his letter to investors, said that the fund will continue to pursue more crypto-related investments as they're "most intrigued by its potential to become a disruptive technology, impacting broad swaths of the economy."
Bitcoin Hits All-Time High on Record US Inflation Figures
Bitcoin (BTC) hit yet another all-time high on Wednesday, as October’s inflation figures in the USA reached an annual rate of 6.3%, its highest level in 30 years.
SEC’s Pierce Returns to the Warpath to Criticize Poloniex Settlement
One of the commissioners of the America financial regulator, the Securities and Exchange Commission (SEC), has launched another blistering attack on her own organization after the Poloniex crypto exchange agreed terms on a circa USD 10.4 million settlement, claiming that the trading platform would have waited in vain should it have attempted to follow the rules the SEC insists upon.
American Borrowers Can Now Use Crypto Mortgages to Buy Home
USDC.homes, a new decentralized finance (DeFi) project, is offering US homebuyers DeFi mortgages, enabling users to purchase homes using crypto without having to first liquidate it.
Twitter’s BTC Plan, Action Against Coinbase, Oversubscribed NFTs + More News
Twitter CEO Jack Dorsey confirmed to investors that Bitcoin (BTC) will be a “big part” of the company’s future, as he sees opportunities to integrate the cryptocurrency into existing Twitter products and services.
Bitcoin Taproot Activation Set to Lock In This Weekend
Bitcoin (BTC)’s major Taproot upgrade is likely to lock in in less than 24 hours as more than the required minimum of miners are signalling support for the soft fork, indicates taproot.watch.