Crypto News Center

South Korea imposes new supervisory fees on top exchanges

South Korea’s financial services watchdog has slapped new supervisory fees on the country’s exchanges under a new digital asset framework. The Financial Services Commission (FSC) recently introduced the Virtual Asset User Protection Act, bringing virtual asset service providers (VASPs) under its supervisory purview. One key stipulation is that any business under the FSC’s jurisdiction must pay a supervisory fee if its annual revenue exceeds KRW3 billion ($2.2 million). According to...

Sui Dubbed Next Solana as Blockchain Outage Lasts 2 Hours

The Sui Network, a Layer-1 blockchain, experienced its first major disruption since its May 2023 launch, with block production halted for two hours on November 21, 2024, due to a critical bug in the transaction scheduling logic. The bug, triggered by a specific transaction type, caused all validators to crash, but the Sui development team and validators swiftly deployed fixes, restoring block production and stabilising the SUI price, which had...

Investors Pull Back from BNB, Fear Extended Decline Ahead

Unlike the prior period, crypto investment products ended last week with a net positive flow. However, Binance Coin (BNB) did not share the same trend. This development raises concerns about the coin’s short-term potential. Will BNB’s price falter as a result? Binance Coin Lags Behind the Top Cryptos According to CoinShares’ latest report, digital asset investment products saw inflows worth $176 million. This increase suggests that investors saw last Monday’s...

USDT in Danger: The Impact of MiCA Regulations

Tether (USDT), one of the most popular stablecoins in the crypto world, is facing a big danger. The European MiCA (Markets in Crypto Assets) regulations are making things tough. These new rules could seriously impact Tether’s operations in Europe. paolo ardoino paolo ardoino     Paolo Ardoino has been interested in computers since he was a child. He began coding at the age of eight and later participated in the computer science...

Blockchain Life 2024 gathered the leaders of the crypto community from 120 countries in Dubai

MEXC and MEXC Ventures have announced a $20 million Aptos ecosystem fund. Aptos is a Layer-1 blockchain platform renowned for its high-performance infrastructure and commitment to advancing Web3 mass adoption. This ecosystem fund is designed to support the Aptos ecosystem’s continuous innovation. This fund will sponsor hackathons, invest in and incubate early-stage projects, and provide support for the MOVE developer community. As Aptos scales its capabilities and continues to pioneer...

Biggest Altcoin Gainers of the Second Week of July 2024

Contrary to last week’s performance, altcoins have registered notable upswings in the second week of July. While there are some astonishing entries, some stayed true to the wider expectations. From BeInCrypto’s observations, Notcoin (NOT), Celestia (TIA), and MANTRA (OM) are the top three biggest gainers. This analysis explains how it happened and points out a few others who are in the class. Notcoin (NOT) Breaks Out of the Descending Triangle...

How DePINs Address AI's GPU Gap and Ethics Problems

With the explosion of generative artificial intelligence projects, computational power has become a hotly contested resource. As AI becomes more ubiquitous and the race for graphic processing unit (GPU) supplies intensifies, the need for wider and more democratized access to computing power has become an urgent priority for non-MAANG companies. Combine this red-hot demand with scarcity that is quickly transforming into resource exclusivity, and the ugly likely result is an...

3 Altcoins to Watch in the First Week of December 2024

With the last month of 2024 underway, the crypto market is expected to note some significant volatility. Bitcoin is expected to reach the $100,000 historic mark before the end of the year, and this could trigger rallies in all major and minor altcoins. However, before that happens, some altcoins are still looking at potential gains, and BeInCrypto has analyzed three such altcoins to watch in the coming days. Stellar (XLM)...

Dogecoin Rivals PlayDoge & MPEPE Attract $10M Dogecoin Whale To Presale

In the ever-evolving world of cryptocurrency, the competition among meme coins is intensifying as new players enter the market with innovative concepts and promising returns. Dogecoin (DOGE), once the undisputed king of meme coins, is now facing stiff competition from emerging tokens like PlayDoge (PLAY) and Mpeppe (MPEPE). These two rivals have recently garnered significant attention, particularly from a Dogecoin whale who has invested a substantial $10 million in their...

Binance Futures lists CHILLGUY as market cap hits $600M

The token is based on the popular "Chill guy" meme created by Phillip Banks. Key Takeaways Binance listed the meme coin CHILLGUY as its market cap reached $600 million. CHILLGUY's value surged by 80% over the week amid viral influence and trading activity. Binance announced Wednesday it would list TikTok-inspired meme coin CHILLGUY and Morpho lending protocol’s MORPHO on its futures market. The listing came after CHILLGUY hit $600 in...