[dtube] Daily: 3 South Korean Exchanges Seized (Embezzlement?) / Binance Chain Announced
Major South Korea News outlets are reporting that 3 Korean exchanges have been seized over suspicions of embezzlement
0:55 Market Analysis
1:23 3 South Korea Exchanges Seized ??!
2:50 Binance Chain (Binance DEX?)
4:20 Google to ban ads on cryptocurrencies, related products
Korean Exchange News: http://m.news.naver.com/read.nhn?mode=LSD&sid1=101&oid=001&aid=0009956775
Binance Chain : https://support.binance.com/hc/en-us/articles/360001668872
Binance Interview :
Google Ban
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If those 3 exchanges have been seized that is huge news for crypto.... Probably not good news either
It’s ok we need to kick the trash out .. it’s the normal cycle of life.
There is definitely plenty of trash in crypto at the moment XD
The south korean government has been very problematic in this kind of war against the exchanges these months. One of the main factors that has caused the fall of the markets.
When the dust settles we can start rebuilding !
“Responsible regulation” will help us all who believe crypto assets are the future. I think the opening comments of today ‘s Coinbase testimony is a great way of thinking about it:
https://blog.coinbase.com/coinbases-written-testimony-for-the-subcommittee-on-capital-markets-securities-and-investment-47f8a260ce41
Google and YouTube keep censoring anything related to crypto.
Bastards !
Lol..
Who cares , they suck anyways
If the exchanges involved are big ones, it might have a very bad impact on the crypto market as any bad news is causing a dip at the moment.
Yea let’s forget this month... we all know the future is bright
Yes, and I believe although all these recent news are causing short term dips and not doing any good to market but it will also eliminate bad actors in the market as many will now be fearful of using crypto to carry out frauds and earn easy money by taking the advantage of this highly unregulated market.
South Korean govt has been quite a bit tough on these sought of transactions. They really can be a threat to crypto future. Anyways many a sites always keep censoring crypto based topics. We will dwell even without them..
It's either a bad case of crypto community growing pains or a really well coordinated attack on cryptos from all government (banking) fronts. Like Obi wan kenobi once said, "You can't win, Big Banks. If you strike me down, I shall become more powerful than you could possibly imagine."
Hi boxmining!
Thanks a lot for the update.
I am really already looking forward to the Binance decentralized exchange. I think they could go big on NEX es well.
The 2 exchangers were bad actors in the space . The dip is blessing in disguise . All good.
I think this dip in crypto is just a roadblock and nothing else. It will go back to normal and even more and we will have to hope for the best. And also Bithumb which is a south Korean crypto exchange has announced plans to supply kiosks to restaurants and cafes with an option through which customers can pay with their crypto holdings. Isn't this a great news, looking on the brighter side.
Google banning crypto ads is the thin of the wedge of censorship. I would like to know who is going to police this ?
Great video as usual, thanks for sharing.