Crypto News Today, 15 March: Market Correction or Panic Mode
Crypto News Key Highlights:
South Africa's FSCA grants operational licences to 60 crypto platforms, marking a proactive step in regulating the expanding crypto ecosystem. Led by Commissioner Unathi Kamlana, the approach aims to formalise exchanges, address risks, and provide legal protections for users under existing laws. The move reflects a commitment to balancing innovation with investor safeguards.
Recently, bankrupt exchanges FTX and Alameda made significant Ethereum (ETH) transfers to Coinbase before a market slump, sparking speculation. Spotonchain revealed repeated ETH moves prior to dips, totaling 6,500 ETH worth $24.57 million. These dumps, alongside other asset transfers, raise questions about creditor repayment and their impact on ETH prices amid market uncertainty.
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