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#NewsFridayDigiFinex 2020 Week 10

cryptocurrency

Get the latest crypto news of the week with #NewsFridayDigiFinex!

On this week:

Breaking News: Indian Exchanges Gear Up as Supreme Court Lifts RBI’s Ban on Cryptocurrency!

[Photo by: Tim Fauzail, Pexel]

India’s Supreme Court on Wednesday 4 March 2020 lifted an order by Reserve Bank of India (RBI) back in 2018, which restricted banks from providing services to legalise dealing with cryptocurrencies. Indian traders can now deposit their rupees into their crypto accounts and use it for cryptocurrency trading.

Source: Business Today

Green Light for the Crypto Blockchain: South Korea Legalises Crypto Trading!

[Photo by: Cait Ellis, Unsplash]

Today, the National Assembly of South Korea passed a new legislation that provides a framework for the regulation and legalise cryptocurrencies and crypto exchanges. The country had been in the spotlight recently over the rising toll of coronavirus. A unanimous vote was held amidst the country’s worsening novel coronavirus situation. Representatives have decided to pass an amendment to the country’s financial services laws. This act would authorize Korea’s financial regulators to effectively oversee and control the industry and create rules around anti-money laundering among other processes.

Source: The Diplomat

2 Chinese Nationals Charged for Laundering over $100 Million USD of Cryptocurrency from 2018 Cyber Attack Linked to North Korea

[Photo by: Josh Sorenson, Pexel]

On Monday, Two Chinese nationals were charged in the United States with laundering more than $100 million USD of stolen cryptocurrency from a 2018 cyber attack related to North Korea’s illegitimate nuclear missile and weapons development program. The Speculations of security threats came to light when North Korea was reported to have raised up to $2 Billion for its weapon development program through cyber attacks, including laundering of funds and hacking from multiple crypto exchanges to generate its funds.

Source: The Washington Post

Line Hops on the Crypto Wagon, Sets a New Dollar Gateway for U.S Traders Through New Crypto Exchange!

[Photo by: ibw.bwnet_.com_.tw]

Japanese tech app company LINE known for its messaging App, targets to provide U.S traders a new dollar gateway to cryptocurrencies through a new exchange. The U.S. subsidiary of LVC Corporation, will be subsidiary responsible for LINE’s upcoming blockchain and cryptocurrency-related business operations.

Source: Coindesk

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From 2020 to now, many public blockchains such BSC, Solana, Polkadot, and Avalanche raced to take over ETH’s users and market. Their advantages on low gas fee and quick transaction time made ETH eager to release effective Layer2 program to expand the capacity. Since Arbitrum was released, its ecosystem grew up rapidly and already owned many mature and popular featured projects on different race tracks.

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From 2020 to now, many public blockchains such BSC, Solana, Polkadot, and Avalanche raced to take over ETH’s users and market. Their advantages on low gas fee and quick transaction time made ETH eager to release effective Layer2 program to expand the capacity. Since Arbitrum was released, its ecosystem grew up rapidly and already owned many mature and popular featured projects on different race tracks.

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Fil Mooned Right Away After I Sold It. Am I One of the Weak Hands?

“Fil mooned right away after I sold it. I am the weakest hand in the crypto world.” said one of my friend who has been trading cryptocurrency for many years. He is a user during the public sale and bought FIL at the price of $2. After the FIL is unlocked, he sells coins wildly every day. But even so, he still hates the slow process of unlocking, so he directly sold all the publicly purchased Fil at the price of dozens of dollars.

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