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Pro-crypto candidate wins South Korean presidential election

On March 9, pro-crypto presidential candidate Yoon Suk-Yeol won the close-fought South Korean election. Korean crypto investors are now anticipating where he will make true of his promises of improving the country’s crypto regulations and ‘[creating] an environment where virtual asset investors can invest with confidence.’  The president-elect has rallied for crypto throughout his campaign

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New regulations in South Africa assessed by crypto experts

On February 23, 2022, the Republic of South Africa’s National Treasury published its Budget Review for 2022 including certain regulations relating to cryptocurrencies. In the said report, they have mentioned that all rules about these digital assets will be finalized this year. On that note, crypto experts voiced their opinions to crypto news site Cointelegraph

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Dogecoin Foundation trademarks its name and logos

On March 3, The Dogecoin Foundation announced on Twitter that it had registered the name ‘Doge’ and ‘Dogecoin’ as well as their respective logos as trademarks in the European Union. Along with the tweet is a certificate dated January 13, 2022.  Jens Wiechers, foundation executive board member stated within the Tweet thread, ‘The issue isn’t

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FCA conducts investigation against 50 unregistered crypto firms

UK’s financial regulatory body Financial Conduct Authority (FCA) has revealed that the firm is conducting active investigations against 50 unregistered digital asset firms in an attempt to counter crypto frauds and scams.  ‘The Financial Conduct Authority (FCA) is taking assertive action to tackle harm in the consumer investments market, as data published today shows it

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Ukraine plans to sell NFTs to raise money for its armed forces

On March 2, 2022, Ukrainian Vice Prime Minister Mykhailo Fedorov announced via Twitter that the country plans to raise more money for the war by selling non-fungible tokens (NFTs) instead of a promotional airdrop rewarding crypto donors with tokens.  ‘After careful consideration we decided to cancel the airdrop. Every day there are more and more

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BitConnect founder accused of a crypto Ponzi scheme

Satish Kumbhani, founder of the famous crypto exchange, BitConnect, has been charged by the Department of Justice (DOJ) for allegedly defrauding its global investors through its crypto Ponzi scheme called ‘Lending Program’. As per San Diego-based federal grand jury, Kumbhanin misled its investors by paying them with money from its new investors, obtaining approximately US$2.4

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Ukraine accepts crypto donations during the war against Russia

During the first week of the war between Russia and Ukraine, the Ukrainian government has reached out for crypto donations on Twitter to raise funds. The country is now accepting Bitcoin (BTC), Tether (USDT) and Ethereum (ETH) donations to be used for supporting its civilians and troops. Although the government of Ukraine already sought help

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Ukraine urges crypto exchanges to freeze Russian accounts

On February 27, 2022, Ukraine’s vice prime minister and minister of digital transformation Mykhailo Fedorov called on cryptocurrency exchanges to freeze Russian accounts via Twitter. He explained that it’s important for platforms to not only freeze the addresses linked to Russians and Belarusian politicians, but also to restrict ordinary accounts. Fedorov has also announced that

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