THE DAILY ENCRYPT

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South Korea Has A New President – And He Likes Crypto

Yoon Suk-Yeol, a conservative presidential contender, has officially been elected as the new president of South Korea. According to news reports, Yoon of the People Power Party defeated his politically progressive opponent, Lee Jae-Myung, by less than 1%. In South Korea, cryptocurrency dominated the election discourse, with both candidates launching NFTs connected to their campaigns. …

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Why Centre Will Work With FTX And Alkemi On Project Verite

The Centre Consortium will partner with leading crypto exchange FTX and Alkemi Network to support Verite. The partners committed to promoting the adoption of crypto payment solutions, the DeFi sector, and expanding access to the crypto environment, per a press release shared with Bitcoinist. Related Reading | Coinbase Purposes Use Of Cryptocurrencies To Prevent Sanction

Third BitMEX Founder To Pay $10M Fine After AML Guilty Plea

BitMEX co-founder Samuel Reed pleaded guilty to anti-money laundering offenses and agreed to pay a $10 million fine, according to a statement from the US Attorney’s Office on Thursday. Reed is the exchange’s third founder to enter a plea agreement with US prosecutors. The news comes on the heels of other co-founders — Ben Delo

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$5 Billion Ethereum Burned Since August 2021, Fees Stabilized?

Since its debut on August 4, 2021, the Ethereum Improvement Protocol (EIP) 1559 has been an integral feature of the London Hard Fork. The major goal of this upgrade is to stabilize the excessive gas fees that are caused by scalability issues with Ethereum’s proof-of-work (POW) network. Ethereum Burn For Price Stabilization This was considered