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news-imageOctober 24, 2024

Millions left in limbo as Korean crypto exchanges shut down amid regulations: report

More than a dozen crypto exchanges in South Korea have closed or suspended operations in 2024, leaving nearly $13 million in assets unclaimed by almost 34,000 subscribers.
Publisher: Crypto news
Sentiment: Negative
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Negative
cover-imageCoinPedia
October 24, 2024

FTX Court Hearing: Nishad Singh's Sentencing Set for October 30

In a recent court filing, prosecutors have praised Nishad Singh, a former FTX executive, for his important help in the investigation of the cryptocurrency exchange's collapse. They noted his genuine remorse and willingness to cooperate with authorities.

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Negative
cover-imageBitcoin
October 24, 2024

Denmark Unveils Crypto Tax Plan, Recommendations Draw Fire From Bitcoiners

The Danish Tax Council has recommended what it terms non-backed crypto assets like Bitcoin be taxed similarly to asset-based crypto assets. The council argues the recommendations would allow crypto investors to deduct losses from gains thus making taxation more fair.

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Negative
cover-imageCryptoSlate
October 24, 2024

South Korea's crypto exchange closures lock $13M in investor assets

More than 33,000 crypto investors in South Korea are currently unable to access their assets, which amount to around $13 million, due to the closure of several crypto exchanges in the country, local media outlet The Korea Times reported on Oct. 14.

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Neutral
cover-imageCrypto news
October 24, 2024

Crypto market will be calm before US election: analysts

Bybit and Block Scholes report a calm crypto market leading up to the U.S. election, with bullish sentiment despite lower short-term volatility. A new report from Bybit and Block Scholes, shared with crypto.

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Positive
cover-imageAltcoin Buzz
October 24, 2024

Kraken's Big Plan: A New Blockchain Coming in 2025

What's cool about this is that it will use technology similar to Coinbase's Base. If you're not familiar with Coinbase, think of it as one of Kraken's biggest rivals in the crypto world.

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Negative
cover-imageCoincu
October 24, 2024

BlackRock Warns Markets Ignore Election Chaos Ahead

Boivin said if one of the candidates contests the outcome, “we could be in for weeks of very messy legal battles,” adding this could significantly affect risky assets.

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Positive
cover-imageCoingape
October 24, 2024

Just In: Kraken To Launch Its Own Blockchain in 2025

One of the world's oldest cryptocurrency exchanges, Kraken, is launching a blockchain early next year. Called Ink, the blockchain will host decentralized applications that enable trading, borrowing, and lending of tokens independently and without intermediaries involved.

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Positive
cover-imageCryptoSlate
October 24, 2024

Coinbase CEO Brian Armstrong offers AI agent Truth Terminal its own crypto wallet

Coinbase CEO Brian Armstrong has offered to establish a dedicated crypto wallet for Truth Terminal, an AI agent that has recently gained fame within the crypto community. On Oct. 23, Armstrong inquired whether Truth Terminal would be interested in obtaining its wallet, as its current wallet is managed by its human creator, Andy Ayrey.

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Negative
cover-imageTheNewsCrypto
October 24, 2024

What Drives October's Spike in Crypto Liquidations?

October saw significant liquidations, revealing volatility in the market. High transaction fees on Ethereum dampen investor confidence and trading activity.

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Positive
cover-imageBenzinga
October 24, 2024

Stablecoins Will Grow Because They Can Reduce International Wires To 'Minutes Or Seconds,' Industry Experts States

Stablecoins are expanding beyond crypto trading and will soon impact broader financial systems, according to Eric Chen, CEO of Injective Labs, What Happened: In an interview with Benzinga, Chen emphasized stablecoins are set to transform industries by addressing inefficiencies in mainstream finance and enhancing transaction speed and accessibility across global markets. He believes stablecoins will soon become a cornerstone of major financial processes, particularly in areas such as cross-border payments and capital formation.

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Negative
cover-imageCoinPedia
October 24, 2024

Crypto Liquidations Hit $271M: Is a Short Squeeze on the Horizon?

As the crypto market shows signs of recovery, a surge in liquidations tells a different story. According to CoinGlass data, crypto liquidations have surpassed $271 million, the highest of the week, affecting major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), along with newer projects like NEIRO.

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Positive
cover-imageCoingape
October 24, 2024

Just In: BingX Exchange Restores Full Operations Post $43 Million Hack

BingX exchange has fully restored its operations following a significant hack in September that resulted in the theft of over $43 million in various cryptocurrencies. All the deposit and withdrawal services have been restored and the company has assured its clients that their funds are safe.

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Neutral
cover-imageCryptopolitan
October 24, 2024

Consensys writes a letter to future US president on crypto regulation

Consensys has published an open letter to the next U.S. president in the Wall Street Journal, sharing the crucial role of crypto in America. This move by the blockchain and web3 software company comes amid the company's ongoing lawsuit with the Securities and Exchange Commission (SEC).

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Positive
cover-imageCoingape
October 24, 2024

Binance Partners With Paymonade Streamlining Direct Crypto Selling

Leading crypto exchange Binance on Thursday issued a vital announcement for its users, streamlining offerings on the crypto trading platform. The crypto exchange revealed that it is partnering with Paymonade, a top-notch crypto payment technology solution, to facilitate direct crypto selling for users.

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Negative
cover-imageFinbold
October 24, 2024

Crypto trader instantly loses $450,000 in minutes

A cryptocurrency trader's bet on the newly created ANT by Claude (ANT) meme coin ended in capitulation, with the investor losing close to $500,000 in less than an hour.

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Negative
cover-imageCoinspeaker
October 24, 2024

Denmark Proposes 42% Tax on Unrealized Crypto Gains

The new system would tax cryptocurrency holders annually based on their holdings' market value, regardless of whether the assets are sold, starting from 2026.

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