Daily Market Update (December 23, 2024, 20:25)
ChainDD reported on December 23, showing a composite index and quotes from CoinMarketCap:
BTC is priced at $95,827.16, down about 2.05% in the last 24 hours;
ETH is priced at $3,332.51, down about 1.93%;
BNB is priced at $648.78, down about 0.68% in the last 24 hours;
DOGE is priced at $0.3126, down about 0.97% in the last 24 hours;
DOT is priced at $6.98, down about 1.90%.
Cryptocurrency market updates
Nokia Technologies applies for a patent for 'Device Method and Computer Program' that can encrypt digital assets.
According to information from the National Intellectual Property Administration, Nokia Technologies has applied for a patent titled 'Device Method and Computer Program', with publication number CN 119155674 A, and the application date is June 2024.
The patent abstract shows that it provides a method for executing the following devices, methods, and computer programs on user devices: encrypting digital assets using a first key to form encrypted digital assets; providing encrypted digital assets and an index for the encrypted digital assets to a first network function; and providing the identification of the encrypted digital assets to a first entity.
Information trading among cryptocurrency industry participants has been exposed, raising concerns about phishing attacks.
Under the guise of 'marketing, promotion, and customer acquisition', sensitive information of participants in cryptocurrency industry activities has been illegally sold, becoming a database coveted by scammers and malicious actors. These lists detail participants' full names, phone numbers, nationalities, positions, affiliated companies, and personal and business social media links, often collected during event registrations at conferences or side events. Cointelegraph obtained a 'sample' of the list from a seller via Telegram, which included four lists from different events, each containing about 60 to 100 participants with various data points. The events mostly occurred in the fall of 2024, with participants from several countries, including Southeast Asia and India. This indicates organized international data trading of blockchain activity participants.
Additionally, many similar pieces of information have been shared, which can greatly assist social engineering scammers in using malicious links and phishing attacks against individuals on the list to steal their crypto wallets.
The South Korean Virtual Asset Market Investigation Committee will develop sanctions against cryptocurrency market manipulators.
South Korea recently held the first meeting of the Virtual Asset Market Investigation Committee to review unfair trading issues such as price adjustments that have emerged in the virtual asset market. The first temporary review meeting was chaired by Kim Beom-ki (phonetic), a standing member of the Financial Services Commission (FSC), and professors and experts active in the virtual capital industry have been appointed as private committee members.
The Financial Committee discovers suspicious events by reporting the results of hearings on abnormal trading of virtual asset exchanges and receiving reports, then investigating through case classification and the Financial Supervisory Service. After the investigation, the temporary investigation committee deliberates and decides on handling measures in five stages: report, notify investigation agency, fines, warnings, and admonitions.
It is reported that measures against individuals engaged in unfair trading were also approved in the first pre-review held that day. The final level of sanctions will be confirmed at the Financial Services Commission's regular meeting.
Bank of Botswana: The local cryptocurrency market has not yet matured, but regulation needs to be strengthened.
The Bank of Botswana stated that the local cryptocurrency market has not matured, thus posing 'minimal' risks to financial stability. However, the central bank indicated that regulations should be developed to prevent potential future risks associated with digital assets. In its (Financial Stability Report), the central bank noted that the increasingly close ties between the cryptocurrency market and other parts of the financial system could pose potential systemic risks. Nevertheless, the central bank emphasized that the risks posed by cryptocurrencies to the domestic market are negligible. However, the central bank stressed that regulatory agencies should establish a regulatory framework for the industry to address potential future risks.
Hong Kong media: Cashing out virtual currency when returning to the mainland, customs regulations state that each person can carry a maximum of 20,000 RMB each time.
According to the Hong Kong Wen Wei Po, mainland investors, after cashing out virtual currency in Hong Kong, face restrictions when bringing cash back to the mainland. Customs regulations state that each person can carry a maximum of 20,000 RMB each time, and if it involves bank transfers, issues such as the source and purpose of funds must comply with national regulations. A virtual asset exchange shop near Tsim Sha Tsui MTR station stated that customers, whether buying or cashing out, must provide identification if the amount exceeds 10,000 HKD.
