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.
After the introduction of new rules regarding the functioning of crypto exchanges in South Korea, all exchange players are required to log in. Despite this, only 8.21% of all accounts are currently linked to real names.
Financial analysts say that the decline in economic indicators of financial, industrial and IT companies was about 5%. All 30 major Dow Jones index positions that these segments occupy are falling before our eyes. The same picture is observed for the main positions of the Nasdaq index. Technology companies such as Apple, Twitter and Facebook fell 2.5%, 3.05% and 4.74% overnight.
Yesterday, the prolonged growth of stock market indicators gave way to a significant correction and decreased on average from 3.8 to 4.6 percent, and the fall of the leading cryptocurrency pairs, on the contrary, demonstrated a correction to recovery by approximately 20%.
The stolen funds were also transferred to the Czech, American and New Zealand cryptocurrency exchanges.
According to a statement by Facebook Vice President David Marcus, there is a high probability that the platform will not introduce the possibility of cryptocurrency payments. What confuses Facebook representatives most is the high cost of transactions and the low speed of their transfer.
It is unclear whether registration will be open to retail clients or whether this news only concerns corporate users and experienced traders.
On Friday, the state's Securities and Exchange Commission issued its fourth cease-and-desist order in a month regarding cryptocurrencies.
The Italian government is waiting for comments on its proposed set of rules for regulating digital currency, the main task of which is to clarify the situation regarding its use in the country.
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