News Roundup: Going Down South (Korea)

The market was surprisingly quiet last week ?. But, you know how it goes – even when nothing really happens, some big news manages to slip through and blow our minds ?. 

Last week, we got some big updates from South Korea’s crypto market. Hint: if you’re a fan of Terra or LUNA, you might want to pay attention to this one ?

It’s Still Day 1 For Crypto ?

Last week, a research company reported that they believe Bitcoin adoption will reach 10% of the global population by 2030 ?. Just when you think that Bitcoin has become big, you get a reminder that we’re only just beginning. 

The report contains a lot of technical stuff, but it confirms what we’ve always known – there’s still a long way to go for Bitcoin, and it’s going to be one hell of a ride!

Terra Isn’t Off The Hook Yet ?

So Terraform Labs launched a fork of the original Terra blockchain two weeks ago. However, if they thought that their troubles would end there, they would be wrong ?. 

Last week, South Korean authorities confirmed investigations into Terraform Labs on several counts – including tax evasion ?. We don’t know where these investigations would lead, but it looks like Terra isn’t out of the woods yet. Exciting times ahead. 

They Can’t See The Lite! ?

Litecoin is one of the most popular coins in the market, but it looks like it’s not getting so much love from South Korean crypto exchanges ?. Many of them have now delisted it as a recent upgrade to the coin violates some of the country’s crypto laws. 

Fortunately, Quidaxians don’t have to worry about any of these. You can sign into your Quidax account and buy some LTC today in five minutes! ⚡

Crypto School With Jay-Z ?

Looks like Jay-Z is joining the list of celebrities who are all down with the crypto gang! Last week, he partnered with Twitter’s founder Jack Dorsey to launch The Bitcoin Academy – an educational program for kids in his hometown of Brooklyn ?. 

The BitcoinAcademy is only available to Brooklyn’s kids. But, if you’re not in Brooklyn and would like to get your beginner’s guide to Bitcoin and crypto, then you should check out our full Quidax Academy course ?. Get everything you need to learn about crypto in less than 2 hours, and we’ll even give you a guide on over 20 ways to make money from the market! 

New York’s Mining Situation ⛑️

Remember when we reported that New York passed a law banning mining? Well, it seems the law might not have full support yet ?. 

The final step in the law’s passing will be for the Governor to sign it. But, last week, she said that she’d like to “take her time” with the bill. Looks like miners might want to wait before packing their bags and leaving New York for now ?. We’ll keep you posted, though.


Related Articles