Author: Crypto News
Last updated: April 12, 2024 10:55 EDT | 2 min read Gopax, a prominent South Korean cryptocurrency exchange backed by Binance, disclosed a net loss of 51.3 billion Korean won ($37 million) for the fiscal year 2023, as reported in the year-end financial statement released by its parent company, Streamy. This figure is an improvement compared to the net loss of 90.6 billion won in 2022. Gopax’s revenue grew 97% year over year amid recovering market sentiment.GOPAX Reports Net Loss of $37 Million in 2023, Faces Challenges with GoFi-Linked DebtGopax cash flow statement Site: Streamy On April 12, GOPAX released a financial…
Last updated: April 12, 2024 10:41 EDT | 3 min read Floki Inu has fallen by 4% in the past 24 hours, with the FLOKI price sinking to $0.0001929 as the wider crypto market sees a very slight 0.5% dip today.While FLOKI is up by 2.5% in a week, it has now declined by 30% in a week, although the popular meme coin has posted a 460% increase in the last 12 months.This is very impressive performance, and with FLOKI remaining popular among retail investors and whales, it could easily see a recovery in the coming weeks.This is particularly the…
Last updated: April 12, 2024 10:31 EDT | 2 min read The price of DeFi exchange Uniswap’s native token UNI is 15% lower than it was this time last week following yesterday’s news that the US SEC may launch a potential enforcement action against it for alleged securities law violations.UNI currently trades at $9.08, which makes for a 24-hour loss of about 2.1%. While these losses suggest more of a dip than a crash, it’s still the heaviest overnight depreciation by any of the 20 biggest cryptocurrencies by market cap except Toncoin (TON).Telegram’s cryptocurrency spin-off TON shed 3.6% overnight and…
Last updated: April 12, 2024 10:29 EDT | 1 min read In 2017, a meme of Christian Langalis went viral after he held up a “Buy Bitcoin” sign during Federal Reserve Chair Janet Yellen’s Congressional testimony. Langalis, also known as the “Bitcoin Sign Guy” is now auctioning off the exact same Bitcoin sign sketched on a yellow legal pad that he held up behind Yellen. The iconic drawing marked Bitcoin’s intrusion into the global monetary landscape. The sign has been described on the auction website as one of the few widely recognised physical Bitcoin artefacts, given Bitcoin’s virtual nature. Beloved by Bitcoin…
Last updated: April 12, 2024 09:12 EDT | 3 min read Terra Luna Classic has dropped by 1.5% in 24 hours, with its fall to $0.0001288 also representing a 4% loss in a week.In fact, the altcoin has declined by 30% in the last 30 days, in contrast to much of the market, with most major coins enjoying healthy rises in the last month.It’s entirely arguable that such a fall is a sign of LUNC’s ongoing long-term decline, with its community seemingly powerless to stop its descent.But while there may be plenty of better investment options in the market, some…
Last updated: April 12, 2024 08:45 EDT | 2 min read Zodia Markets’ co-founder, Nick Philpott, praised Abu Dhabi’s crypto regulations, emphasizing the “remarkable” degree of interaction with regulatory authorities in the region.Philpott contrasted his experience in Abu Dhabi with the UK’s regulatory environment, noting the latter’s process is significantly slower with more complex requirements.“There were long delays in terms of entities getting their registrations with the Financial Conduct Authority under the anti-money laundering laws,” he told Cryptonews in an interview Thursday.Similarly, he noted that Ireland’s central bank had just as much of a cautious approach. While the number of…
Last updated: April 12, 2024 07:19 EDT | 1 min read TON Foundation has partnered with HashKey to support the “open network” and “increase access” to fiat on and off-ramps for Telegram wallet users in the Asia-Pacific Region.In an announcement, TON Foundation and HashKey said they will continue to work together to improve the TON ecosystem’s accessibility and user experience as part of their shared commitment to integrating cryptocurrency and blockchain technology into daily ife.“By streamlining the fiat on-and-off ramp experience, we aim to make cryptocurrency a seamless part of everyday life, driving forward accessibility and innovation within the TON…
Last updated: April 12, 2024 07:12 EDT | 3 min read BTC has dipped by 0.5% today, with the Bitcoin price more or less holding to the $70,700 level on a day when the crypto market has fallen by 1%.Bitcoin remains up by 5.5% in a week, with its market cap returning to $1.39 trillion in the past 24 hours, in a sign of returning strength.And while it is actually down by 3% in the last 30 days, its 135% gain in the past year highlights its medium-term strength, which may only intensify in the coming months.Because with the next…
Last updated: April 12, 2024 03:59 EDT | 1 min read Animoca Brands plans to launch a new non-fungible token (NFT) platform designed to bridge web3 projects in Japan with the global market.According to an announcement by Animoca Brands, the launchpad will be officially introduced this summer, aiming to support creators and projects in selling their NFTs. The company has designated early May 2024 to reveal the name of the platform. ＼今夏にNFTローンチパッドを公開！／ Animoca Brands Japanは、NFTローンチパッドを今夏に提供開始します🚀 これに伴い、本日よりNFTローンチパッドでNFTの販売を希望するプロジェクトの募集を開始しました！🔽募集フォームhttps://t.co/7B9cslOjKP 🔽プレスリリースhttps://t.co/IKMMihvbWR… — Animoca Brands Japan (@Animocabrandskk) April 12, 2024New NFT Platform to Connect Japan to WorldThe launchpad is now inviting applicants to submit their…
Last updated: April 12, 2024 03:30 EDT | 1 min read Canadian province of British Columbia is seeking to regulate electricity use by crypto miners, due to their “unchecked growth.”Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation, said Thursday that the province is working to address high energy consumption by crypto miners in the region. This creates very few jobs or economic opportunities, she added.Per the ministry’s statement, the legislative amendment would allow the government to prohibit or limit electricity usage for crypto miners. This is because the “unchecked growth” of the sector could make it expensive to…