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Altcoins Garnering Attention from South Korean Investors A recent report reveals that South Korean cryptocurrency traders have a higher inclination towards investing in high-risk altcoins, compared to their American counterparts. The study indicates that the trading volumes of major cryptocurrencies such as bitcoin and ethereum on the largest Korean exchange are significantly smaller than those

Mounting Fears of US Recession The S&P 500, a key U.S. equities index, has experienced a decline of just over 10% from its peak on July 31. This drop has been driven by concerns about the U.S. economy heading towards a recession. Experts have even referred to this decline as the first correction since the

FDUSD: A Stablecoin on the Rise In just 85 days, the stablecoin FDUSD has experienced a remarkable surge in its circulating supply, increasing by 62% since the beginning of August. This surge has propelled FDUSD into the top ten stablecoins by market capitalization and has also seen a significant expansion in its market volume share.

Nigeria Contemplates Outlawing Forex Parallel Market Nigeria is taking steps to expand its official currency market to include "legitimate" participants, such as bureaux de change and financial technology companies. Taiwo Oyedele, a member of President Bola Tinubu's committee on fiscal policy and tax reforms, revealed this plan during the Nigerian Economic Summit. Additionally, the government

Prosecutors Probe Sam Bankman-Fried's Message Deletion Practices During an ongoing hearing, federal prosecutors interrogated Sam Bankman-Fried, the CEO of now-bankrupt crypto exchange FTX, regarding his message deletion practices and the alleged use of customer funds. The prosecutors focused on Bankman-Fried's use of the encrypted messaging app Signal and his enabling of auto-delete features in 2021.