South Korea’s financial regulatory authority is investigating Upbit, the largest cryptocurrency exchange in the country, for reportedly violating Know Your Customer {KYC} regulations in over 500,000 user accounts. This revelation came during a review of the exchange's license renewal. The Financial Services Commission {FSC} found multiple instances of improper verification, such as accounts being opened with blurred identification cards or without proper validation. The violation of KYC rules, which is essential for preventing fraud and money laundering, could result in fines of up to 100 million won {approximately $71,740}. The investigation also raises concerns over the potential delay in Upbit’s license renewal. The FSC declined to provide further comments on the probe. This situation has emerged amidst recent remarks by FSC Chair Kim Byung-hwan, who has expressed intentions to investigate the monopolistic structure of South Korea’s crypto exchanges, with Upbit playing a dominant role in the market. Upbit processed more than $48.2 billion in transactions in October, ranking as the fifth-largest crypto exchange globally by trade volume.

What is your most favorite crypto cryptocurrency shill me something special

Primary listing simply means The first opportunity investors will have to buy and trade a token On a reputable exchange . Listings bring about influx of liquidity and market visibility to any cryptocurrency there is. In stocks there is primary listing and secondary listing ( I won’t bother you with that info ) Just know that primary listing is as simple as it sounds no big deal. You are welcome 🤝

Crypto Investment Essentials : 3 Key Considerations Before diving into cryptocurrency, consider these crucial factors: 1. Market Volatility* - Prices fluctuate rapidly - Downturns can be unpredictable and severe 2. Security and Regulation* - Research secure exchanges, wallets, and storage - Understand regulatory environments and potential changes 3. Risk Management* - Set clear financial goals and risk tolerance - Diversify your portfolio - Never invest more than you can afford to lose Smart Investing Tips: - Educate yourself on blockchain and crypto basics - Stay updated on market trends and news - Avoid emotional impulse decisions Invest wisely, responsibly, and with caution. #Urion #CryptoInvesting #Blockchain #Security #RiskManagement #InvestSmart"

Overcoming Fear as a Crypto Investor: Strategies for Success As a crypto investor, fear can be your worst enemy. Market volatility, FUD (fear, uncertainty, and doubt), and unpredictable trends can make even the most seasoned investors anxious. But fear not! With the right mindset and strategies, you can overcome fear and make informed investment decisions. 5 Strategies to Overcome Fear: 1. Educate Yourself:* Knowledge is power. Stay updated on market trends, understand blockchain tech, and learn from experts. 2. Set Clear Goals:* Define your investment goals, risk tolerance, and time horizon. This will help you stay focused and avoid impulsive decisions. 3. Diversify Your Portfolio:* Spread risk across assets, sectors, and industries. A balanced portfolio will help you weather market fluctuations. 4. Emotional Discipline:* Fear and greed drive impulsive decisions. Practice mindfulness, stay calm, and avoid emotional trading. 5. Long-Term Perspective:* Crypto markets are volatile, but history shows steady growth. Focus on the big picture, not short-term gains. Moreso: - Stay informed, but avoid FUD sources - Set realistic expectations - Don't invest more than you can afford to lose - Leverage dollar-cost averaging - Join reputable crypto communities Fear is natural, but it shouldn't control your investment decisions. By educating yourself, setting clear goals, and maintaining emotional discipline, you'll navigate crypto markets with confidence. Share your own fear-overcoming strategies in the comments below! *Hashtags:* #CryptoInvesting #FearlessInvestor #Blockchain #Cryptocurrency #InvestWisely #FinancialFreedom

I Still Bullieve": Samson Mow on Bitcoin Price As BTC Regains $61,000 #SATS #bullish #2024 #Bitcoin Samson Mow, a vocal Bitcoin proponent and CEO at JAN3, a company focused on BTC adoption in nation-states, has published a tweet about BTC and its prospects. In it, Mow sends a clear message that he remains bullish on the world’s pioneer cryptocurrency. This coincided with Bitcoin regaining the $61,000 price mark today. Mow’s short bullish tweet states: “I still Bullieve”, where the last word is a combination of “bull” and “believe” and the GIF that comes with the post shows a bull from an old cartoon sharpening his horns using a grinding stone which he is moving by pressing a pedal. I still Bullieve. pic.twitter.com/ADX6UViyku — Samson Mow (@Excellion) October 2, 2024 Bitcoin falls back to $60,000 after recapturing $61,000 This week so far, Bitcoin has lost approximately 8.7%, falling from $65,890 and finding a local bottom at the $60,170 price level due to the worsening geopolitical tensions in the Middle East. As these events are unravelling, investors are selling Bitcoin and stocks to buy more gold which is traditionally considered a risk-off asset, while BTC is viewed by many investors as a risk-on one. During the last month, gold price has surged by more than 6%, making it a 45.34% surge year-to-date. Mow has criticized those who are selling Bitcoin “buy paper gold that you can’t move anywhere” if hard times come. Over the past 24 hours, BTC has managed to pare some of its losses, staging and increase of 1.71%. At the time of this writing, it is changing hands at $60,184 after another plunge occurred just now. Mow explains why Adam Back is not Satoshi Samson Mow has refuted the long-running rumors of why Adam Back with whom he used to work in Blockstream, did not create Bitcoin. His company JAN3’s account published an extract from a documentary called “Searching for Satoshi,” for which Mow was interviewed. The JAN3 CEO published an ironic tweet, commenting on the fact that in that film he was referred to simply as “former colleague of Adam Back.” Mow said that “the thinking and writing styles” of Back “are very different” from the Bitcoin white paper and the messages Satoshi published on the BitcoinTalk forum.

Major Win for Bitcoin! 🎉 Bitcoin has just achieved a groundbreaking milestone with the SEC’s approval of 11 spot Bitcoin ETFs, marking a significant step forward in expanding access to the 15-year-old cryptocurrency. This development opens new doors for investors, bringing fresh opportunities to the crypto space. 🚀🚀🚀