In our “National Cryptocurrencies” section, we cover government-backed digital currencies and state initiatives related to blockchain technology. Here you will find news about central bank digital currencies (CBDCs), national crypto projects, and the role of digital money in modern economies. Read the “National Cryptocurrencies” section on ForkNews to stay informed about how countries are developing their own digital currencies.
On weekends, low trading volumes will contribute to sluggish sideways market movement
In Switzerland, a generally recognized global hub for the latest technologies, the Blockchain & Bitcoin Conference was held for the second time, which brought together blockchain professionals and just listeners who care about the financial future of the world and their personal economic well-being. Similar events, in addition to the last event in Geneva, also took place in Sydney, London, Tbilisi, Paris, Stockholm, Helsinki, Kyiv, Astana,
Although bears rule the market, and cryptocurrencies are losing 50% of their value, this has not stopped many from earning significant capital on them. In particular, according to the Hurun Report, 13 crypto-businessmen with a capital of at least 2 billion yuan (289 million US dollars) were included in the list of the richest people in China.
A majority stake in South Korean exchange Bithumb has been sold for $354 million to a consortium led by a plastic surgeon, a company spokesman said on Friday.
A South Korean official said at a meeting of the National Assembly that the government will announce its official position on the legalization of ICOs in November this year after the results of a survey held in October are processed.
Ethereum founder Vitalik Buterin, an ardent supporter and defender of cryptocurrencies, and Nouriel Roubini, a tough, merciless critic of digital technologies, continue their public war on the Internet. The topics of this week were the ETH wallet and the global financial crisis from Buterin, accusations of fraud and dictatorial habits from Roubini.
SpankChain, a platform associated with the adult industry and cryptocurrency, was the victim of a hack over the weekend. During the hack, the cybercriminal stole 165.38 ETH. SpankChain CEO Amin Soleimani managed to return the stolen goods without leaving his office.
The Securities and Exchange Commission has suspended another fraudulent coin offering, alleging that the operators of the “Blockvest ICO” not only violated a number of securities laws, but misled investors by claiming that they had received permission from a US regulator. According to the court decision, all Blockvest assets were frozen and their activities were suspended due to suspicion of fraudulent activities.
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