South Korea’s top financial regulator, the Financial Services Commission, is reportedly planning to shut down a dozen local cryptocurrency exchanges amid fraud allegations. The FSC will suspend operations of at least 11 mid-sized crypto exchanges in South Korea due to alleged illegal activities and fraudulent collective accounts, local news agency The Korea Herald reported Sunday. The publication cited anonymous industry […]

Last week, the total market capitalization of cryptocurrencies increased from $1.379 to $1.609 trillion, an increase of about 16.7%. Cryptocurrency market review by Coinidol.com. During this trading session, Bitcoin also managed to hit a new 30-day high of $42,235, which shows that the week was bullish for the cryptocurrency market. Top gainers In the industry of wonders, we saw some […]

Playtech, a leading supplier of online gaming and sports betting software, today published the supplementary circular to shareholders and notified that the adjourned General Meeting to approve the Disposal of Finalto will be resumed at 10 am on 18 August 2021. In the latest announcement, Playtech mentioned that the recently received proposal from Gopher Investments is uncertain in terms of […]

Cake DeFi, an online investment platform dedicated to providing access to decentralized financial services, has launched its new VIP loyalty program to sweeten the deal for its rapidly growing customer base. Cake DeFi is a fully transparent, highly innovative, and regulated FinTech platform dedicated to providing access to DeFi services and applications by enabling users to generate returns from their […]

Even though vaccination is being distributed at an encouraging pace, the UK continues to experience high daily new COVID-19 cases, showing that the Delta variant is much more dangerous as compared to the prior strains. The summer came with a reduction in infections in most European countries, yet the UK represents one of the exceptions and now the country is […]

Few weeks before launching their new Play to Earn game, Binamon’s metaverse has joined blockchain and games with the awareness of taking care of the planet. Through their new planet Z1, millions of players will enjoy a play to earn game to mint Z1 mineral. By minting the mineral players will help to restore the planet’s ecological balance, this is […]

Buda, a Chile-based cryptocurrency exchange, has started requesting selfie verification every time a user needs to withdraw funds to a new bitcoin address. This new measure now introduces a new layer of security for users to avoid getting their accounts hacked, but it will only be mandatory for those that don’t have 2FA activated. Buda Exchange to Request Selfie to […]

DMG Blockchain Solutions, a Canada-based leading blockchain and crypto technology firm, recently announced a $2 million strategic investment in California-based crypto company Bosonic. According to an official announcement shared with Finance Magnates, DMG’s recent investment in Bosonic is a strategic initiative targeted at institutional adoption of cryptocurrencies. In June 2021, DMG announced a strategic investment in crypto custodian Brane Capital. […]

Bitcoin price started a downside correction from the $42,600 zone against the US Dollar. BTC is now trading below $40,000 and it might extend losses towards $38,500. Bitcoin started a downside correction below the $41,200 and $40,000 support levels. The price is now trading below $40,000 and the 100 hourly simple moving average. There is a key bearish trend line […]