South Korea's Crypto Adoption Soars Past 16M Users Following Trump Victory
South Korea's cryptocurrency market hits a historic milestone with over 16 million users, surpassing traditional stock market participation. The surge gained momentum after Trump's election win, with holdings reaching $70.3 billion as government officials join the crypto wave.
FTX to Begin $11.4B Creditor Repayment Plan Despite Valuation Controversy
Defunct crypto exchange FTX announces May 30 start date for repaying claims over $50,000, with $11.4B in cash reserves available. While creditors expect 118% recovery in cash terms, controversy surrounds the use of November 2022 crypto valuations despite massive price increases since then.
South Korean Women Over 50 Lead High-Value Crypto Investment Wave
Recent data reveals over 20,000 South Korean women in their 50s hold crypto assets exceeding $680,000, surpassing their 40s counterparts. This emerging trend challenges traditional cryptocurrency investor demographics, which have historically been dominated by younger male investors.
SEC Expands Crypto Dialogue: Four New Roundtables to Shape Digital Asset Regulation
The SEC announces four additional cryptocurrency roundtables between April-June 2024, focusing on trading, custody, tokenization and DeFi. This expanded initiative under Acting Chairman Uyeda signals an evolution in the agency's approach to developing clear frameworks for digital assets.
Dogecoin Targets $3 as Analysts Predict Massive Rally in Third Market Cycle
Dogecoin surges 10% as technical analysis suggests potential gains exceeding 1,160% in its third cryptocurrency bull cycle. With Bitcoin above $88,000 and increased institutional interest, analysts project ambitious price targets up to $3 for the popular meme coin.
Federal Authorities Open $7M Recovery Process for Cryptocurrency Fraud Victims
U.S. authorities have secured $7 million from cryptocurrency fraudsters who used fake trading platforms and social engineering to scam investors. Victims can now reclaim their lost funds through a formal government petition process to verify their claims.
Trump-Themed Meme Coin Crashes 80%, Wiping Out $12 Billion in Value
Former president Trump's cryptocurrency venture sees devastating losses as his themed meme coin plummets from $73 to $11, erasing billions in market value. The crash prompts new legislation aimed at preventing political figures from profiting through meme coins.
Congress Probes FDIC's Crypto Banking Restrictions in Major Regulatory Investigation
House Oversight Committee demands unredacted documents from FDIC regarding alleged suppression of cryptocurrency businesses through banking restrictions. Chairman James Comer leads investigation into potential regulatory overreach that may have unfairly targeted the crypto sector and pushed innovation overseas.
Trump's Crypto Reserve Plan Sparks Market Volatility Amid Expert Skepticism
Former President Trump's surprise announcement of a strategic cryptocurrency reserve initially boosted markets before doubts emerged. The proposal to stockpile major cryptocurrencies faced scrutiny over implementation details while his advisor's portfolio sell-off added to growing skepticism.
Flexa Pioneers Contactless Crypto Payments with Revolutionary Tap-to-Pay System
Flexa unveils groundbreaking NFC-based hardware wallet payment system enabling direct cryptocurrency transactions without phones or internet. The innovative technology allows users to simply tap compatible hardware wallets at retail terminals, streamlining crypto payments for mainstream adoption.