South Korea’s watchdog flags tougher crypto rules after Bithumb’s $40 billion bitcoin giveaway

South Korea’s top financial regulator on Monday pointed to Bithumb’s accidental $40 billion bitcoin giveaway as a stark example of why the country needs stricter crypto regulations. “We are particularly worried about the issue of information systems,” said Financial Supervisory Service Governor Lee Chan-jin. https://www.reuters.com/sustainability/boards-policy-regulation/south-korea-watchdog-says-40-billion-giveaway-shows-new-rules-needed-tackle-2026-02-09/

Bitcoin · Cryptocurrency
Bitcoin price steadies above $70,000 after whipsaw week as CPI and Coinbase earnings loom

Bitcoin price steadies above $70,000 after whipsaw week as CPI and Coinbase earnings loom

Bitcoin hovered at $70,523 late Sunday, up roughly 2.2% and still trading over the $70,000 line, as traders watched to see if last week's bounce could weather more macro news. Ether advanced 2.1% to $2,084. U.S.-listed crypto stocks rallied Friday—Coinbase popped 13%, Strategy ran up 26%. Miners Marathon Digital and Riot Platforms closed out the week higher by 22% and 20% apiece.
8 February 2026
······
New MEXC safety review puts proof-of-reserves and withdrawal locks in the spotlight

New MEXC safety review puts proof-of-reserves and withdrawal locks in the spotlight

On Sunday, a security review reported that crypto exchange MEXC is relying on withdrawal locks, two-factor authentication, and a so-called “Freeze Account” feature to fend off account takeovers—moves that come as centralized platforms aim to shore up confidence on custody risk. The review also listed cold storage, multi-signature wallets, and encryption among the security measures MEXC employs.
8 February 2026
·
1 … 30 31 32 33 34 … 116
Follow on Google News
Add as preferred source Open in Google News