China State Daily Urges Aggressive Crackdown, Labels Crypto a Corruption Channel || Curated CoinCodeCap #4 January 2024
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
On China’s Legal Daily website, there is a call for a crackdown on bribery that involves the use of cryptocurrencies and other electronic payment methods.
“Unprecedented intensity” is being used by the CCP to combat corruption, Zhao added. Keep Reading »
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Huobi Korea Announces Closure of Virtual Asset Exchange Services
Huobi Korea Shuts Down Operations Citing Business Difficulties
Huobi Korea’s decision to close follows similar shutdowns announced by other smaller South Korean exchanges. Keep Reading »
South Korea Considers Prohibiting Crypto Purchases with Credit Cards
South Korea is proposing to amend the credit financing regulations, making it illegal for residents to use credit cards to buy cryptocurrencies.
Foreign cryptocurrency exchanges are exempt from legal restrictions governing local cryptocurrency exchanges. Keep Reading »
OKX Enhances Security: Implements New FCA Rules for UK Users
As part of new regulatory requirements by the FCA of the UK, crypto exchange OKX is proposing guidelines for its users based in the country.
Users also have to answer a second questionnaire that assesses their suitability for cryptocurrency investing. Keep Reading »
Radiant Capital Falls Prey to $4.5 Mln Flash Loan Attack, Halts Arbitrum Markets
The breach targeted a newly created market for USDC Coin on the Arbitrum network.
Radiant Capital has confirmed the suspension of lending and borrowing markets on Arbitrum. Keep Reading »
New IRS Mandate Requires Reporting Crypto Transactions Over $10K
Infrastructure Investment and Jobs Act mandate anyone receiving $10,000 or more in crypto as part of their trade or business to file a detailed report with the IRS.
Failure to comply with this reporting requirement within 15 days of the transaction may result in felony charges. Keep Reading »
Ex FTX CEO Sam Bankman-Fried Unlikely to Face Second Trial, U.S. Prosecutors Say
Prosecutors reportedly emphasized the “strong public interest” in promptly resolving the case
Prosecutors argue that most of the evidence has already been revealed during the first trial Keep Reading »
Tax Season incoming? Don’t worry we got you covered! 😃
10 Best FREE Crypto Tax Software in 2023
Whether you’re a beginner in crypto trading or have been in the space for a while, you’ll need to pay taxes. As regulations are kicking in, you must calculate crypto taxes correctly. Crypto tax software allows you to calculate profit and loss from your crypto trading and take deductions on expenses. Therefore, this article lists some best crypto tax software, their top features, and some key statistics. Keep Reading »
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable. Keep Reading »
Market Updates
Has Time Come to Short Balancer Crypto: BAL Price Analysis
Balancer (BAL) is a governance token for the Balancer protocol, a decentralized portfolio manager and liquidity provider on Ethereum. BAL holders can vote on proposals and steer the direction of the protocol, as well as earn rewards by contributing to liquidity pools. Keep Reading »
Is Polygon (MATIC) about to fall?
Polygon (MATIC) is a leading Ethereum scaling solution, offering a platform to create and connect various kinds of blockchain applications. However, the MATIC price has been facing challenges lately, dropping more than 70% of its value from its record high of $2.92 in December 2021. In this article, we will examine the current price movements, weekly performance, future prospects, and news summary of Polygon (MATIC). Keep Reading »
Ethereum set for Upward Rally!
Ethereum is the biggest cryptocurrency by market value if we exclude Bitcoin and its also the most used platform for decentralized applications (DApps) and smart contracts. Keep Reading »
GRT eyeing Huge Breakout: Don’t Miss Out!
The Graph is eyeing a good breakout in the charts. GRT helps in facilitating web 3.0 by enabling data access and queries. Keep Reading »
Top 3 DeFi Crypto Tokens to Buy
DeFi, or decentralized finance, is a fast-growing sector of the cryptocurrency industry that aims to provide various financial services without intermediaries or centralized control. DeFi applications are built on smart contracts that run on blockchains, such as Ethereum, and offer users access to lending, borrowing, trading, investing, and more. Keep Reading »
Best 3 Meme Coins to Buy in 2023
Meme coins are cryptocurrencies that are inspired by internet memes, jokes, or pop culture references. They often have a loyal fan base and a strong community spirit. Some of them also offer utility and innovation beyond the memes.
Here are the best 3 meme coins to buy in 2023, based on their price performance, market potential, and future prospects. Keep Reading »
Top 5 Gaming Cryptos to Buy Now for Thrilling Returns
In the ever-evolving landscape of cryptocurrencies, gaming cryptos have emerged as a captivating investment avenue. These digital assets hold immense potential, as they combine the lucrative world of cryptocurrencies with the booming gaming industry.
If you’re looking to diversify your portfolio and capitalize on this exciting trend, here are the top 5 gaming cryptos to consider investing in right now. Keep Reading »
3 Main Reasons Why You Should Use An Automated Cryptocurrency Trading Bot
A crypto trading bot automatically executes orders without your manual intervention. With the trading process being fully automated, there is no need for constant monitoring of the cryptocurrency market. A trading bot will enter and exit the trades whenever certain circumstances and conditions are met. Furthermore, an automated bot works around the clock and helps you to earn profits even while you are asleep. Keep Reading »
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