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.
The cryptocurrency world constantly surprises with news. For example, CoinMarketCap recently removed South Korean exchange prices from its data charts. The monitoring site did this because the South Korean exchange rate is always higher. After this, representatives of CoinMarketCap explained that in this way they wanted to achieve accurate weighted average prices for major cryptocurrencies.
CoinCheck, a Tokyo-based cryptocurrency exchange, today announced its intention to pay compensation in the amount of $523 million that was illegally withdrawn from its holders' accounts. The amount will be returned in Japanese yen.
Recently, Bitcoin users have noticed a decrease in the size of transaction fees; moreover, the mempool for transactions without confirmation has decreased. The confirmation rate for transactions has decreased in price almost tenfold, as of Tuesday morning.
The Philippine Securities and Exchange Commission is developing rules to regulate cryptocurrency transactions to protect investors and reduce the risks of fraud.
Robinhood Financial LLC announced the release of a free crypto trading application and received applications from a million users within four days.
Today we expect the end of the sideways movement and the continuation of the bearish trend for Bitcoin
Japanese regulators have become more active after a hacker attack and theft of NEM cryptocurrency worth 58 billion yen ($534 million) from the Japanese cryptocurrency exchange Coincheck. The Japanese Financial Services Agency (FSA) required Coincheck to provide a report on the system failures that led to the theft, prepare an effective plan to manage risks and improve the security system. In addition, the company must identify those responsible for the consequences of this incident.
According to experts, the higher the cryptocurrency rate, the more it can decline. On the other hand, this could simply be a signal of the start of a cryptocurrency bull market. Market volume has grown 3,400% since the start of 2017, according to Monday's data. And it becomes unclear how long such growth can last. Let's talk about three main triggers that can stimulate a fall in the price of digital assets.
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