Let’s take a look further at these breaking news events and dive deeper into what they mean to the overall crypto space.
The Litecoin Halving: What You Need to Know
Litecoin could be a drop in the proverbial bucket when compared to its future potential. With the halving event just around the corner, many are expecting that it could propel LTC back into focus, with all eyes on the coin as its scarcity increases and price gains are expected. Litecoin enthusiasts still remain positive despite the short-term dip in prices and argue that user adoption and increased spendability will ultimately help drive demand for the cryptocurrency over time.
The planned halving is sure to spark interest for day traders, as well as spur further cryptocurrency mass adoption. While some speculation exists around how LTC will weather what several have called “the test of 2022,” most anticipate that this may be just a momentary blip on its way to higher highs.
For the Bitcoin blockchain, a key trend to watch in the immediate future is that miners will be drawn toward Litecoin. This indicates an uptick in activity and interest in this currency’s potential. The halving logic is straightforward: with supply decreasing, LTC will undoubtedly be more valuable over time, and many investors would want to capitalize on this growth.
South Korea’s “Illegal’ Crypto Transactions
Although illegal crypto trading in South Korea only accounted for 15 transactions, the amount of illicit funds transacted was a staggering 5.6 trillion Korean won ($4.3 billion) in 2022, according to local sources. Unsurprisingly, this caught the attention of regulators, and the country’s government began to tighten its licensing regime in response.
The most recently released data from Korea Customs Service shows that the overall amount of intercepted funds increased significantly from 3.2 trillion won ($2.5 billion) in 2021 to 8.2 trillion won ($6.2billion) last year, $4.3 billion of which came from crypto-related economic crimes alone – almost 70% of that related to monetary violations as a whole.
It remains to be seen what will happen throughout South Korea in regard to cryptocurrency regulation. Still, currently, exchanges are under massive scrutiny, and from this data, it looks like things won’t be getting any easier for them anytime soon.
TMS Network Partners With Uniswap
TMS Network (TMSN), the first-ever multi-Crypto Trading Network, has catered to sophisticated traders with cutting-edge tools to maximize their derivatives trades. Its cutting-edge platform allows for trading without the need for a bank account or traditional trading accounts, providing complete control and security.
For those who wish to hone their skills further, TMS Network (TMSN) offers access to a social trading club and robust trading bots with backtests that can automate powerful strategies and aim to keep emotions out of decision-making. The auto rebalancing features provide a means of non-custodial portfolio management that would give greater peace of mind than many centralized exchanges – allowing all users on TMS Network (TMSN) to take full advantage of market opportunities with confidence, efficiency, and security.
They are set to launch on Uniswap in the first few weeks of June, and many seasoned crypto investors are flocking to get TMS Network (TMSN) tokens in their presale stages. Currently having raised over $3.2 million, TMS Network (TMSN) is one that many are watching over the months to come.
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