Virtuals Protocol priceVIRTUAL

The Federal Bureau of Investigation (FBI) issued a security advisory (PSA) confirming that the North Korean hacker group was responsible for the hack of approximately $1.5 billion in digital assets from the Bybit exchange. The FBI urged RPC node operators, exchanges, cross-chain bridges, blockchain analysis companies, DeFi services, and other virtual asset service providers to fully block all transactions related to or originating from addresses used by hackers to launder money.

Korean FSC chairman advocates for swift regulation of crypto assets South Korean Financial Services Commission (FSC) Chairman Kim Byoung-hwan spoke at a financial forum hosted by Newsis, emphasizing the need to accelerate the establishment of regulatory framework for virtual assets. He stressed that this process should be guided by clear principles and direction. Kim highlighted the urgency of developing the necessary functions, structures and systems. He mentioned that the FSC would closely examine the integration of crypto into the traditional financial system and the stability of such a merger. Based on these evaluations and discussions, the FSC will proceed with the second phase of crypto legislation, adjusting the pace as needed.

VARA issues warning about unlicensed MKAN Coin platform in Dubai. VARA suspends the MKAN Coin platform for operating without regulatory approval. It urged consumers to avoid engaging with unlicensed services due to significant risks. The Virtual Assets Regulatory Authority (VARA) of Dubai has issued an official alert regarding the company MKAN Coin DMCC. In a statement on the official VARA website, they cautioned that MKAN Coin has been operating in the UAE without the right regulatory approval. The company has been advertising virtual asset services as available in Dubai, even though it doesn’t have the licenses it needs. Users at Risk from Unlicensed Operations VARA made it clear that MKAN Coin is not allowed to provide virtual asset services in or from Dubai. This means they are breaking VARA rules. The platform’s services are considered illegal in Dubai, which puts users who use it at serious risk. These risks cover possible financial losses, legal trouble, and breaking criminal laws by dealing with an unregulated platform. Related: Dubai’s VARA: Striking the Right Balance in Crypto Regulation VARA’s Legal Framework and Consumer Protec… The post Dubai’s Virtual Assets Regulator Cracks Down on MKAN Coin for Illegal Operations appeared first on Coin Edition.

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Market Value Expectation $ZOO As the latest click-and-earn game in the Telegram ecosystem, Zoo's positioning combines virtual zoo cultivation, token mining, and social fission mechanisms. In the current market, Catizen ($CATI) focuses on pet cultivation, Hamster Kombat ($HMSTR) excels at click-upgrade earning, and X Empire ($X) drives traffic with Musk IP. Zoo, through its multiple earnings overlay model, can reference the following benchmark protocol valuation ranges for its market value expectation: