Altcoin News Official TheBitTimes.com

1. Rich Dad Poor Dad Author: Currently Holds 73 Bitcoins, Aims for 100 by Next Year link Rich Dad Poor Dad author Robert Kiyosaki tweeted that he purchased his first Bitcoin at $6,000 and, even with the price now at $76,000, he plans to continue buying. He currently holds 73 Bitcoins and aims to own 100 within a year. Kiyosaki also stated, “I own a lot of income-generating real estate, have gold mining assets, and store my profits in Bitcoin, gold, and silver coins… this is ‘real money.’” 2. Binance Named Top in “Blockchain and Crypto” on Fortune’s 2024 Asia Fintech Innovators List link Fortune has released its inaugural “2024 Asia Fintech Innovators” list, with Binance ranking first in the “Blockchain and Crypto” category, followed by OKX in second place, and Hashkey Group and Gate in fifth and sixth, respectively. The list showcases 60 of the most dynamic financial services companies in one of the world’s fastest-growing regions. 3. South Korea’s Financial Regulator Tightens Monitori...

The Taipei District Prosecutors Office has detained two individuals connected to the crypto exchange JPEX in relation to an investigation into potential fraud . According to local reports, Chang Tung-Ying, the lead partner at the Taiwan branch of the embattled crypto exchange, and Shi Yu, an academic linked to JPEX, have been arrested on accusations of infringing upon banking and anti-money laundering legislation. Prosecutors have instructed the local justice investigation bureau to conduct investigation s at nine sites, leading to the questioning of four individuals. A suspect with the last name Liu was granted bail for NT$50,000 (equivalent to $1,550), while another, named Niu, was released following their interrogation. The probe into JPEX’s activities began after reports emerged in June of the exchange promoting cryptocurrency products and seeking investments. You might also like: JPEX to become DAO, to freeze assets for 2 years The investigation also draws in...

Republic Of China Moves Ahead With Crypto Regulatory Regime Plans The Financial Supervisory Commission of Taiwan, the Republic of China, will officially announce the “Guiding Principles for the Management of Virtual Asset Platforms and Trading Businesses (VASP)” before the end of this month, a local news agency reported on September 7. advertisement Amid the complete ban on crypto trading and mining in mainland China, Taiwan to release guiding principles for Crypto Regulation . The FSC will work on key aspects such as strengthening the management of virtual asset issuance, establishing a review mechanism for listing and delisting, and oversight on separation of platform assets and customer assets. In addition, companies must ensure transaction fairness and transparency; strengthen contract formulation, advertising solicitation, and complaint handling; establish a system for continued operations, information security, and hot and cold wallet private key...