Happy Friday! Global payments giant Visa announced its “Web3 Loyalty Engagement Solution,” which it hopes will reshape legacy loyalty programs. Will we get to earn crypto while using Visa, or is it just another initiative with a “Web3” buzzword? Find out more in our news story!
Speaking about credit cards, South Korea’s financial regulator has just proposed a ban on purchasing cryptocurrencies using credit cards. Read on to find out the reasons behind the proposed restriction.
Meanwhile, all eyes are on the SEC and whether it will make a decision on the spot Bitcoin ETFs this Friday. A senior TechCrunch crypto reporter seems to think so, citing “sources extremely close to the matter.” Stay tuned as we keep you updated with the latest ETF developments!
Here’s today’s top stories:
Speculation escalates on potential January 5 approval of spot Bitcoin ETF
Visa launches Web3 customer loyalty program with digital wallets
Founder of Taiwan's ACE Exchange arrested on fraud charges totaling $32.1M
South Korea proposes ban on crypto purchases using credit cards
DeFi protocol Gamma Strategies hit with $3.4M hack due to critical vulnerability
Let’s dive in!
Speculation on Spot Bitcoin ETF Approval Escalates
Is the highly anticipated spot Bitcoin exchange-traded fund (ETF) approval just around the corner? Cryptic tweets and insider claims are sparking a frenzy on social media, with speculation mounting that the U.S. Securities and Exchange Commission (SEC) could give the green light on January 5. While excitement brews on X/Twitter, some analysts caution against premature celebration, suggesting the approval might occur next week.
Dive into the unfolding drama and track the latest updates on the Bitcoin ETF trend. What will this mean for the crypto market?
Visa Launches Web3 Customer Loyalty Program
Visa shakes up the loyalty landscape with its latest Web3 Loyalty Engagement Solution. Developed in partnership with SmartMedia Technologies, this innovation introduces digital wallets for brands, offering customers gamified experiences and perks. The move marks Visa's evolution beyond traditional loyalty programs.
Curious about the future of customer rewards? Delve into the details for a comprehensive view.
Founder of Taiwan’s ACE Exchange David Pan Arrested
Founder of ACE Exchange, one of Taiwan's major crypto platforms, faces allegations of orchestrating a fraudulent scheme involving worthless cryptocurrencies. David Pan, along with 14 others, is accused of deceiving investors through social media ads. Authorities conducted raids, seizing assets totaling over $6.4 million.
Want to uncover the details behind this crypto scam? Click here to read more.
South Korea Proposes Ban on Crypto Purchases Using Credit Cards
The South Korean Financial Services Commission (FSC) is considering a ban on using credit cards for cryptocurrency purchases, aiming to curb local traders from buying on foreign exchanges. Citing concerns about illicit fund outflows and money laundering, the proposal seeks to limit speculative behavior.
Want to know more about South Korea's move to tighten regulations on crypto trading? Click here to read the full article.
DeFi Protocol Gamma Strategies Hit With $3.4M Hack
Decentralized finance (DeFi) protocol Gamma Strategies faces a setback as an exploit results in a loss of around $3.4 million. The vulnerability in the protocol's accounting mechanism allowed an attacker to withdraw an excessive amount of tokens, leading to the theft of over 1500 ETH.
What led to this critical exploit, and how is Gamma Strategies responding to prevent further losses? Click here to explore the details.
