South Korea's regulator has just announced its ban on the use of privacy cryptocurrencies, to minimize the incidence of financial crimes related to these digital assets. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍‌ In South Korea, the country's Financial Services Commission (FSC) announced that exchanges, exchanges and other service providers with cryptocurrencies, and digital assets will not be able to provide their services with privacy-focused currencies, due to the high risk of money laundering, money laundering and other financial crimes. In their release, South Korea's FSC bans the use of "dark coins" or privacy coins because transactions made with them are difficult to trace and can be used to commit illicit activities.
Analysts suggest that the Asian nation's new regulations will directly affect cryptocurrencies such as Zcash (ZEC), Monero (XMR) y dash (DASH), since its objectives are quite explicit: to guarantee the privacy of users in their transactions.
📍 ‌In anticipation of the election results in the United States, the price of gold, traditional and stocks Bitcoin (BTC), presented great volatility. For example, the cryptocurrency fell to $13.300 USD per unit, after having briefly surpassed the $14.000 USD level, and has risen again to levels of $14.000 USD. Gold, stocks and futures of the S & P 500 accompanied the fall of Bitcoin in the last 24 hours, after the vote count. Although current geopolitical events prevent identifying a clear trend for the financial markets.
At the time of this publication, the price of Bitcoin is at $14.301,9 USD, with a market capitalization of over $265,1 billion and a daily trading volume of $35,4 billion.
📍‌ Mike Novogratz, one of Wall Street's most recognized investors, says Bitcoin is in the midst of an uptrend, breaking above $14.000 USD per unit, and aiming for a new support at $15.000 USD. Novogratz also claims that money printing by the US Federal Reserve (FED) will be a key and positive factor for the Bitcoin price to continue growing.
📍‌ By the end of September, Grayscale, one of the world’s largest cryptocurrency investment firms, held about 2,44% of the total bitcoins in circulation on the market and 2,14% of the total bitcoins in existence. Now the company has seen a record inflow of over 15.000 BTC, worth the equivalent of $215 million. If the company maintains its growth rate from last month, it will soon hold 2,7% of the total bitcoins in circulation, and quite possibly by the end of next year it will hold 5% of the total BTC in existence.
Source: Grain of Salt
Grayscale's BTC holdings currently stand at 481.711 BTC, worth nearly $6,7 billion.
📍‌ The FBI, the United States Federal Bureau of Investigation, warns that hackers are promoting attacks of ransomware against several hospitals and health centers in the United States and around the world. Hackers are using ransomware Ryuk y Trickbot to carry out a series of cyberattacks on hospitals and healthcare centres, with the aim of stealing credentials and files and infecting all their systems and networks. Authorities reveal that the group of attackers may be directing the attacks from a location in Europe. For its part, the MIT Technology Review published a report where this possibility is confirmed.
So far, media reports say hospitals in California, Oregon and New York have been hit hardest by the attacks, while most healthcare facilities and hospitals across the country are on high alert following warnings from authorities.
Continue reading: Hong Kong regulator requires licenses for all exchanges in its jurisdiction
