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A South Korea n court has sentence d the CEO of crypto exchange Bitsonic to seven years behind bars for stealing 10 billion won ($7.5 million) worth of customer deposits, while its tech chief will spend a year in prison. Arrested in early August, chief Jinwook Shin was accused of manipulating crypto prices and trading volumes on Bitsonic, and stealing user investments. He was indicted on charges of fraud, forgery, and obstruction of business by computer. Bitsonic’s VP of technology, referred to as Mr. A, was indicted on charges of obstruction of business by computer. He was accused of creating and running a program that allowed Shin to manipulate the system in his favor. On Wednesday, South Korean outlet Yonhap News reported that the duo had received a combined eight years in prison. According to the Seoul Eastern District Court, Shin and Mr. A are “avoiding responsibility and showing no remorse.” A “significant amount” of the stolen funds have not...

Explore Dogecoin’s 10-year journey from a meme-inspired joke to a major crypto currency, hitting a 52-week high as it celebrates its anniversary. Initially a joke based on a popular internet meme, Dogecoin (DOGE) has surprisingly survived a decade in the competitive crypto market and is now celebrating its 10th anniversary. As Dogecoin marks its anniversary, the cryptocurrency community is experiencing renewed optimism. The coin’s value has risen over 14% in the past 24 hours, reaching a 52-week peak of $0.10 as of Dec. 6. DOGE 52-week chart | Source: CoinMarketCap This growth is part of a broader trend seen in the lead-up to the anniversary, showcasing both the coin’s lasting appeal and the speculative nature of cryptocurrency markets. As we commemorate Dogecoin’s 10th anniversary, let’s explore its journey from a meme to a major player in the cryptocurrency world. What is Dogecoin and what made it so popular? Dogecoin, conceived in late 2013 as a parody by A...

Some believe that investors who bought during Bitcoin’s all-time high price are waiting for the right time to sell. More than half of Bitcoin (BTC) in circulation has not been touched for two years, according to data compiled by the crypto analytics platform Glassnode.  On April 10, crypto influencer Anthony Pompliano highlighted that 53% of Bitcoin’s circulating supply has been inactive in the last two years . Citing Data published by Glassnode, Pompliano pointed out that this is a new all-time high for this specific metric tracked by the Data platform. More than 1 out of every 2 bitcoin in circulation has not moved in the last 2 years. We hit a new all-time high of 53% today. pic.twitter.com/W6GzopMAtu — Pomp (@APompliano) April 10, 2023 In addition, the crypto entrepreneur also pointed toward other metrics such as Bitcoin, which has not been moved in 5 and 10 years. According to the data, almost 29% of Bitcoin’s circulating supply has not been moved in the last five years....