The South Korean government has uncovered significant Know-Your-Customer (KYC) violations on Upbit, the country's largest cryptocurrency exchange. On Nov. 14, local media reports indicated that the Financial Intelligence Unit (FIU) of the Financial Services Commission identified these issues during a routine business license renewal review for Upbit.

Is MrBeast fraudulently deceiving his subscribers? Coffeezilla, known for investigating scams on YouTube, has arrived to answer this question. According to the report, MrBeast invited thousands of viewers onto the platform and urged them to invest in these dubious cryptocurrencies, and in so doing he may have engaged in insider trading and other manipulations.

The listing is part of Bitwise's strategy to continue to give investors a range of exposure to digital assets.

Upbit faces investigation for suspected KYC violations, potentially affecting its business license renewal and resulting in significant fines.

As blockchain technology gains ground in finance, many traditional institutions use it to streamline transactions and automate back-office processes. Robert Leshner, CEO and co-founder of Superstate, recently shared his perspective on how this trend unfolds, speaking ahead of his appearance at the Benzinga Future of Digital Assets event.

The EU banking authority has unveiled a new set of transfer screening requirements for crypto service providers.

"I've been proud to serve with my colleagues at the SEC who, day in and day out," Gensler said yesterday during remarks at an event.

Kraken Layer 2 Ink introduced self-withdrawal to Ethereum, transaction review capabilities, and a security committee for asset protection.

A total of $3.4 billion worth of Bitcoin ($BTC) options are set to expire today, November 15, 2024, while an additional $580 million worth of Ethereum ($ETH) options contracts are to expire as well, injecting uncertainty into the cryptocurrency market.

A recent survey by Swiss digital bank Sygnum found that 72% of institutional investors – including family offices, external asset managers, fund managers, and hedge funds – are open to investing in crypto assets.

Consensys founder Joseph Lubin introduced the "Network State" initiative to promote personal sovereignty and to help people deal with regulatory challenges in the blockchain space.

TL;DR Base, in collaboration with Zora, launches an initiative to bring science to the blockchain, making research more accessible. Users can mint a short film from ResearchHub, explaining how blockchain transforms scientific funding and publishing. “Onchain science” uses blockchain to democratize research, eliminating economic barriers and promoting global collaboration.

Binance Futures is set to launch the DEGENUSDT perpetual contract offering up to 75x leverage, expanding trading options for users. The contract will be available from November 15, 2024.

The Hong Kong Monetary Authority, in its latest press release, has cautioned the public about certain crypto firms that are posing as banks. This comes as local regulators intensify efforts to combat fraud amid the region's push to establish itself as a crypto hub.

A Norwegian task force has advised against the immediate adoption of a central bank digital currency.

The Hong Kong Monetary Authority cautions the public on overseas crypto firms falsely claiming to be banks, urging caution as such claims may violate local banking laws.

The UK will launch a pilot to deliver a digital gilt instrument, similar to a bond, using distributed ledger technology.

Blockchain AI projects have seen record fundraising but few end-users, here is where industry leaders see the technology heading next.

Fuse, a blockchain payments platform, has announced the release of Volt App 2.0, a new digital asset management tool, according to the updates shared with Finbold on Friday, November 15.

JPMorgan analysts outlined six key regulatory and market changes that could reshape the U.S. crypto landscape under Donald Trump.

NYSE Arca has filed with the SEC to list the Bitwise 10 Crypto Index Fund, aiming to convert the $1.3 billion trust into a regulated ETF.

Joe Lubin, CEO of Consensys, has expressed optimism that ongoing legal disputes between cryptocurrency firms and the U.S. Securities and Exchange Commission (SEC) may be resolved.

Upbit, South Korea's largest crypto exchange, is under scrutiny for allegedly approving a significant number of accounts without proper identification verification.

Eighteen Republican attorneys general have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), accusing the federal agency of overstepping its boundaries in regulating digital assets, a move they claim undermines state authority.

Designed for mass-consumer applications like games, SocialFi, DeFi, and metaverses, Somnia promises to shake things up in the blockchain world. Somnia's internal tests show jaw-dropping results—processing over 400,000 transactions per second (TPS) with sub-second finality.

YouTube investigative journalist Coffeezilla, known for his deep dives into influencer-driven scams and questionable financial schemes, released a detailed video examining MrBeast's alleged involvement in cryptocurrency ventures.

The European Banking Authority has issued strict guidelines to enhance compliance among financial institutions and crypto service providers, mandating effective screening systems to ensure adherence to EU sanctions by December 30, 2025. The post EU Regulator Issues Strict Screening Guidelines for Crypto Providers appeared first on Cryptonews.

The crypto markets fell after Federal Reserve Chair Jerome Powell said on Thursday that the central bank is not "in a hurry" to cut interest rates.

Crypto literacy can't be just an attractive “gimmick” to hook users with—it has to be at the core of how companies engage with their audience.

Ilya "Dutch" Lichtenstein has been sentenced to five years in prison for his involvement in the 2016 Bitfinex crypto exchange hack and subsequent laundering of stolen funds.

South Korea's Financial Intelligence Unit reportedly found 500,000 to 600,000 potential KYC violations on Upbit, the largest crypto exchange in the nation. KYC violations of this scale could lead to fines and possible license renewal issues.

Consensys has launched sovs.xyz, a platform built on its Linea zkEVM rollup, enabling users to declare personal sovereignty and foster stronger.

South Korea's Financial Intelligence Unit (FIU) is reportedly investigating Upbit, one of the country's leading cryptocurrency exchanges, over a staggering 600,000 alleged Know Your Customer (KYC) violations. The probe arises as the exchange seeks to renew its business license, with potential implications for its operations.

As Trump gears up for another term, could his potential Treasury Secretary pick, Scott Bessent, finally bring a crypto-friendly approach to the highest levels of U.S.

BVNK is in preliminary talks to raise $50 million as stablecoin payments gain momentum, spurred by Stripe's recent acquisition in the sector.

Mountain Protocol, a yield-bearing stablecoin project, has partnered with the P2P exchange El Dorado to bring yield savings products to Latin American customers. Both organizations have teamed up to offer up to 4.5% APY for El Dorado Earn customers.

The Hong Kong Monetary said two overseas crypto firms have misrepresented themselves as banks but did not disclose their names.

South Korea's largest crypto trading platform faces scrutiny over KYC violations.

Hong Kong's central bank said that it's illegal for unlicensed companies to represent themselves as banks in Hong Kong.

Stablecoin startup BVNK has reportedly initiated private talks with investors to raise $50 million in a new funding round. The news follows Stripe's October announcement of the acquisition of the stablecoin startup Bridge.

South Korea's Financial Intelligence Unit (FIU), part of the Financial Services Commission (FSC), uncovered a staggering 500,000 to 600,000 suspected violations of Know Your Customer (KYC) requirements at Upbit, the country's largest cryptocurrency exchange.

The country's financial watchdog reportedly discovered that Upbit approved hundreds of thousands of accounts without proper ID verification.

Upbit, the leading South Korean crypto exchange, is under investigation for KYC violations during its license renewal process. The Financial Intelligence Unit (FIU) discovered over 500,000 cases of improper customer verification.

To show how this works, Base is teaming up with Zora to let users mint (or create) a short film by ResearchHub. ResearchHub is a platform that speeds up funding, research, and publishing in science.

American crypto ETFs have experienced their first outflow since Donald Trump's electoral victory, marking a pause in the bullish trend. Both Bitcoin and Ethereum saw significant declines, with net outflows of $400.7 million for Bitcoin ETFs and $3.2 million for Ethereum ETFs.

Binance, along with the Royal Malaysia Police, have successfully traced $1.6 million in kidnapping ransom paid for the release of a 59-year-old businessman. The prominent cryptocurrency exchange collaborated with Malaysian law enforcement to track a portion of the $4.

BitMEX announces scheduled system maintenance on November 16, resulting in temporary platform downtime from 02:00 to 07:00 UTC. Trading will resume post-maintenance.