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South Korea orders crypto exchanges to verify holdings every 5 minutes

South Korea has mandated that cryptocurrency exchanges verify their holdings every five minutes to enhance transparency and security in the sector. This regulation aims to prevent fraud and ensure that exchanges maintain adequate reserves to cover customer withdrawals. The move comes amid increasing scrutiny of the crypto market following several high-profile collapses. Exchanges must implement real-time monitoring systems to comply with this new requirement. Failure to adhere to the regulations could result in penalties or operational restrictions.

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CME Set to Launch Avalanche, Sui Futures Ahead of 24/7 Crypto Derivatives Trading Shift

CME Group is set to launch futures contracts for Avalanche (AVAX) and Sui, expanding its offerings in the cryptocurrency derivatives market. This move comes as part of CME's strategy to transition to 24/7 trading for crypto derivatives, enhancing accessibility for traders. The new futures contracts are expected

Americans’ losses to crypto scams rose to over $11 billion last year, FBI reports

In 2022, Americans lost over $11 billion to cryptocurrency scams, according to an FBI report. This figure represents a significant increase in losses compared to previous years, highlighting the growing prevalence of crypto-related fraud. The report indicates that scams often involve fake investment opportunities and phishing schemes targeting unsuspecting investors.

XRP ETFs Outpace Bitcoin as Crypto Funds Bounce Back After Down Week

XRP exchange-traded funds (ETFs) have seen significant growth, surpassing Bitcoin ETFs as crypto funds recover from a recent downturn. The surge in XRP ETF interest is attributed to positive market sentiment and renewed investor confidence in the cryptocurrency sector. This rebound follows a challenging week for digital assets, where many

DeFi yields are crashing so hard that they can't compete with a traditional savings account

DeFi yields have plummeted significantly, making them less attractive compared to traditional savings accounts. Many decentralized finance platforms are now offering returns that fall below the interest rates provided by conventional banks. This decline in yields is attributed to various factors, including market volatility and reduced demand for borrowing. As

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CME Set to Launch Avalanche, Sui Futures Ahead of 24/7 Crypto Derivatives Trading Shift

Americans’ losses to crypto scams rose to over $11 billion last year, FBI reports

XRP ETFs Outpace Bitcoin as Crypto Funds Bounce Back After Down Week

DeFi yields are crashing so hard that they can't compete with a traditional savings account