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The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month. According to a report by local news outlet Digital Asset, South Korean crypto lending firm Delio is currently under invest igation by the country's Financial Services Commission (FSC) as of June 30. The Commission alleges fraud, embezzlement, and breach of trust related to Delio's unilateral decision to suspend users' deposits and withdrawals on June 14.  During an extraordinary investors' meeting on June 17, Jung Sang-ho explained that the firm would resume withdrawals, albeit with no fixed schedule at the time. On June 27, the company began opening withdrawals for a portion of its staking services. "[Delio] will secure as much capital as possible to compensate," Sang-ho said. Delio is currently one of South Korea's largest crypto lenders, holding an estimated $1 billion in Bitcoin (BTC), $200 million in Ether (ETH...

Many cryptos printed 24-hour gains causing the total crypto market cap to rise 1.82%. LTC delivered a standout performance and surged 14.35% over the past 24 hours to trade at $95.71. The hashrate for the Litecoin network touched a new all-time high over the past few days. According to CoinMarketCap, the global crypto market cap experienced a 1.82% increase in the past 24 hours, bringing the collective market cap to $1.19 trillion at the time of writing. While numerous cryptocurrencies saw daily gains, Litecoin (LTC) stood out by recording a double-digit increase during this period. LTC price (Source: CoinMarketCap) Over the past 24 hours, LTC’s price surged by 14.35%, elevating its price to $95.71 at press time. This positive daily performance also led to a weekly gain of +10.81% for the altcoin. The substantial increase in the crypto’s price can be attributed to 3 key factors: the upcoming halving event, its high hashrate reaching an all-time high and LTC...

King Charles has given his official sanction to the UK’s Financial Services and Markets Bill, setting the stage for increased supervision of cryptocurrencies and stablecoins. British legislation facilitating oversight of crypto currency and stablecoins received official approval from King Charles. The sanction, which is seen as a formalized procedure following a consensus among legislators, now effectively converts the Financial Services and Markets Bill into an Act. This key action incorporates provisions to bring cryptocurrencies and stablecoins under regulatory purview. The legislation had previously received approval from the House of Lords just last week. BREAKING NEWS UK passes bill to recognize #crypto as regulated financial activity in the country. King Charles approved it. pic.twitter.com/zCezhLkSXV — L'Ord (@LordOrdinal) June 29, 2023 The new Act “provides us with the ability to manage our own financial services regulations,” said Financia...

Lookonchain speculated that the drop in ETH’s price over the past few hours was likely due to a sell-off from a single whale. Yesterday, this whale deposited 25K ETH to the leading crypto exchange Binance. At press time, ETH was trading hands at $1,845.79 after a 0.93% price decrease. The on-chain Analysis platform, Lookonchain, shared in a twitter post yesterday that a whale deposited 25K Ethereum (ETH) to Binance. In a separate post from Lookonchain, the platform explained that ETH’s price drop over the past 11 hours was most likely caused by a sell-off performed by this particular whale. It is estimated that the whale has about 8K ETH left unsold. Lookonchain also revealed that the same whale withdrew 16 million USDT again a few hours ago. Over the past two months, this particular whale has had a 100% win rate when trading ETH. CoinMarketCap indicated that, at press time, ETH was still trading in the red. The altcoin was worth about $1,845.79 after a ...

Willy Woo Eyes Bitcoin Price Around $310K Willy Woo was tagged by a Twitter user Lynn Brewer who wants the analyst’s take on the influence of BlackRock, Fidelity and the major asset managers injecting 5% of their Assets Under Management (AUM) into Bitcoin. advertisement For reference, BlackRock has over $9 trillion in AUM and just 1% of this amount is $90 billion and when all the AUMs quoted are summed up, it may exceed the current BTC holdings on exchanges. In his response, Willy Woo said his calculations placed the estimated price of Bitcoin if the described event were to play out at approximately $310,000. While it remains unclear the metrics Willy used to arrive at this target, it resonates with the wider forecast from top industry veterans across the board. What would price do if these guys put 5% of AUM into BTC? Recommended Articles Crypto Presale Pro...

Real-world items are increasingly being tied to nonfungible tokens — and it’s a trend that’s set to shake up the world of gaming. The NFT market is continually evolving — and there’s one intriguing trend that’s enhancing their utility even further: tying digital assets to real- world items . Some applications have been more tongue-in-cheek than others. Charmin got in on the action by transforming toilet rolls into digital art, accompanied by a physical display that could become the centerpiece in the owner’s bathroom. On the other end of the spectrum, CryptoPunk holders were given the chance to transform their avatars into bespoke Tiffany & Co. pendants, in which a small number of nonfungible tokens were sold that entitled the owner to an exclusive piece of physical jewelry, which sold out in a blink. Linking NFTs to rare collectibles can also have advantages. Vintage bottles of Japanese whiskey recently made the leap, with tokens verifying authenticity and ownership. Under this ...

Possibilities of Dogecoin Selloff The insights into the wallet activities was provided by crypto analytics protocol Whale Alert which revealed that the Dogecoin address has indeed been dormant for the past 9.5 years. The wallet contains a total of 2,002,447 DOGE tokens worth approximately $131,178. advertisement 💤 A dormant address containing 2,002,447 # DOGE (131,178 USD) has just been activated after 9.5 years!https://t.co/m1aIwd8s5O — Whale Alert (@whale_alert) June 27, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’...

The native utility token of the top non-fungible token (NFT) marketplace Blur (BLUR) secured the top spot among the top 100 cryptocurrencies with a sudden hike in the past 24 hours. BLUR gained 22.5% over the last day, which immediately promoted the asset from 110th place on CoinMarketCap (CMC) to 99th largest crypto by market capitalization — worth $308 million at the time of writing. You might also like: MAS publishes report on asset tokenization and DeFi Moreover, the sudden surge comes as BLUR’s 24-hour trading volume skyrockets by over 1,100%, surpassing the $100 million mark. The asset witnessed a massive downfall on June 5, when the US Securities and Exchange Commission (SEC) took legal action against prominent crypto companies. BLUR price – June 27 | Source: Trading View However, BLUR is trading at $0.425 at the time of writing. On-chain data shows that blur holders have risen by 0.34%, reaching 41,779 unique addresses. According to data provided by DappR...

Join Our Telegram channel to stay up to date on breaking news coverage AAVE was one of the greatest gainers among the top 50 largest cryptocurrencies over the past week, as its price increased by more than 25%. Whale took out thousands of ETH to buy AAVE, but recently, the renowned whale sent impact through the market by transferring 38,000 AAVE coins. Whale Accumulates $31.8 Million Worth AAVE On June 25, AAVE’s price unexpectedly increased by 30%, which appears to be connected to the whale “0x5a80”. According to the tweet from Lookonchain, a specific whale amassed $13.2 million AAVE. The price chart movement was significantly influenced by this activity. The post said that 2,096 ETH, which is worth $4 million, had been taken out of the Binance cryptocurrency exchange. Shortly after that, the whale used 500 Ethereum, or about $960,000, to buy 184,664 of Uniswap (UNI) tokens at a price of $5.2 each. Note that whale”0x5a80″ transferred 38,000 $A...

Bitcoin exchange-traded funds (ETFs) have garnered significant attention within the crypto industry lately. This is following the plethora of platforms seeking approval for such products in the United States. Now HSBC, the largest bank in Hong Kong, has begun permitting its clients to buy and sell Bitcoin and Ethereum ETFs. JUST IN: Hong Kong’s largest bank, HSBC, to offer #Bitcoin & #Ethereum ETFs to customers. — Watcher.Guru (@WatcherGuru) June 26, 2023 HSBC’s recent announcement represented a momentous move. This is because it is the first bank in Hong Kong to facilitate ETF trading. This development is expected to broaden the access of Hong Kong residents to cryptocurrencies. Currently, investors in the Hong Kong market have the opportunity to explore cryptocurrency ETFs like the CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF. Source Furthermore, there were rumors earlier this month that Hong Kong regulators were urging HSBC and Sta...

Global X, an ETF issuer, is adopting a gradual approach to expanding its crypto business, aligning with the evolving use cases surrounding blockchain technology. The company last week introduced two separately managed account (SMA) offerings based on digital assets. These SMAs will be accessible through Eaglebrook Advisors’ platform, which is utilized by registered investment advisers (RIAs). One of the indexed offerings holds the two largest crypto assets, while the other’s index gives market capitalization-proportional exposure to the 10 largest tokens, with a cap at 40%.   “[The SMAs] are about getting into direct crypto exposure in a way that we thought was responsible,” Scott Helfstein, Global X’s head of thematic solutions, told Blockworks. “This just allows us to provide some tools and begin to build interest in what we think is a long-term play.” The utility of crypto assets will ultimately drive their valuations, he added — a fact not necessarily true today as various u...

It is widely reported that 33% of the Nigerian population own Bitcoin. According to Ray Youssef, only two to three percent of Nigerians own Bitcoin. Ray acknowledged that the quality of the few Nigerian Bitcoin users “move mountains”. According to Ray Youssef, former Paxful CEO, only two to three percent of Nigerians own Bitcoin, contrary to the widely reported 33%. He said the false information emanated from some firm that was never really established in the West African country.  33% of Nigerians do not own #bitcoin This false number came from some firm who never hit the ground there. It is around 2-3% but the quality of those Nigerians moves mountains. Nigerian #bitcoin youth are 10X talent and all arbitrage traders. Few https://t.co/Pt5TeFsJeh — Ray Youssef (@raycivkit) June 24, 2023 Ray expressed his opinion in a tweeted reply to Eva Kimani, a Bitcoin supporter who wondered why the alleged huge number of Bitcoin users in Nigeria has not impact...

Peter Schiff, a well-known critic of bitcoin and advocate of gold, has caused a stir in the crypto community with a recent tweet implying that the recent crypto party will soon end. Schiff thinks the party will end soon On Twitter, Peter Schiff, the CEO of Euro Pacific Capital and a prominent critic of bitcoin (BTC) and cryptocurrencies, shared his thoughts about the recent surge in highly speculative investments, which includes bitcoin . Schiff’s tweet garnered attention from the crypto community, as he has been known to be skeptical of digital assets for a long time. Until recently the rally in highly speculative assets excluded #Bitcoin. Now that Bitcoin has finally joined the party, perhaps it's a sign that the party will soon end. Usually rallies end when the lowest quality stuff finally participates. There's no lower quality than #crypto. — Peter Schiff (@PeterSchiff) June 23, 2023 Observers were surprised by his comment, considering the billionaire ha...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto industry continues to navigate the challenges posed by regulatory bodies worldwide. Singapore-based cryptocurrency exchange Crypto.com has been quite steadfast in its expansion efforts. In an official blog post, the exchange announced that it has acquired a Virtual Asset Service Provider (VASP) registration from the Bank of Spain. The VASP registration allows it to operate in Spain. We’re excited to share our latest regulatory achievement in Europe! We have obtained our Virtual Asset Provider Registration in Spain 🇪🇸🙌 Learn more:https://t.co/ZGmgE9n937 pic.twitter.com/fmkWt6npvK — Crypto.com (@cryptocom) June 23, 2023 This VASP registration empowers Crypto.com to offer its wide range of products and services to users in Spain, opening up exciting new opportunities for the platform. By entering the Spanish market, the company aims to meet the growing deman...