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BitcoinWorld Exposed: How Dunamu’s Verification Lapses Could Signal Intentional Negligence Imagine trusting your hard-earned cryptocurrency to a major exchange, only to discover that verification safeguards might have been intentionally ignored. This shocking scenario is now reality for South Korean crypto investors as the Financial Intelligence Unit (FIU) has dropped a bombshell accusation against Dunamu, operator of the popular Upbit exchange. The regulatory body has determined that Dunamu verification lapses were not mere oversights but potentially intentional acts or gross negligence. This revelation sends shockwaves through the cryptocurrency community and raises critical questions about exchange accountability. What Exactly Are the Dunamu Verification Lapses? South Korea’s Financial Intelligence Unit has delivered a stunning verdict regarding Dunamu’s compliance failures. According to Blockmedia’s report, the FIU didn’t characterize these shortcomings as simple mistakes. Instead, they labeled the post-verification failures as either intentional disregard for regulations or acts of gross negligence. This distinction matters tremendously because it suggests the exchange knew or should have known about compliance requirements but failed to implement them properly. The term ‘post-verification’ refers to the ongoing monitoring processes exchanges must conduct after initially approving users. These processes include tracking suspicious transactions, updating customer information, and reporting unusual activities to authorities. When these systems fail, they create vulnerabilities that criminals can exploit for money laundering or other illicit activities. Why Does This Classification Matter for Crypto Investors? The FIU’s characterization transforms this from a technical compliance issue to a potential breach of trust. Here’s why every cryptocurrency user should pay attention: Investor Protection at Risk: Verification systems exist primarily to protect users from fraud and financial crimes Market Confidence Implications: When major exchanges face serious allegations, it can undermine trust in the entire cryptocurrency ecosystem Regulatory Consequences: Intentional violations typically carry heavier penalties than accidental oversights Precedent Setting: This case could establish how regulators approach exchange compliance failures globally South Korea has positioned itself as a cryptocurrency hub with progressive but strict regulations. The FIU’s strong stance demonstrates their commitment to enforcing these rules, even against major players like Dunamu, which operates one of the country’s largest exchanges. How Could Verification Failures Impact the Crypto Industry? The implications of these Dunamu verification lapses extend far beyond a single exchange. Regulatory bodies worldwide are watching how South Korea handles this situation, potentially shaping global cryptocurrency oversight approaches. Moreover, this incident highlights the tension between rapid technological innovation and necessary financial safeguards. For everyday cryptocurrency users, the practical consequences might include: Tighter verification requirements across all exchanges Increased transaction monitoring and reporting Potential delays in withdrawal and deposit processes Greater transparency demands from regulatory bodies These developments, while potentially inconvenient, ultimately strengthen the cryptocurrency ecosystem against bad actors. However, the allegation that failures might have been intentional raises troubling questions about exchange priorities. What’s Next for Dunamu and South Korea’s Crypto Regulation? The FIU’s findings represent just the beginning of this regulatory saga. Dunamu now faces significant challenges, including potential penalties, operational restrictions, and reputational damage. The exchange must demonstrate to both regulators and users that it has addressed these verification shortcomings comprehensively. Meanwhile, other cryptocurrency exchanges in South Korea and beyond are likely reviewing their own compliance systems. The FIU has sent a clear message that verification requirements cannot be treated as optional or secondary concerns. This incident may accelerate industry-wide improvements in anti-money laundering protocols and customer protection measures. For cryptocurrency adoption to continue growing, exchanges must balance innovation with responsibility. The Dunamu verification lapses case serves as a crucial reminder that regulatory compliance isn’t just about avoiding penalties—it’s about maintaining the trust that enables cryptocurrency to function as legitimate financial infrastructure. Conclusion: A Watershed Moment for Exchange Accountability The FIU’s determination regarding Dunamu’s verification failures marks a pivotal moment in cryptocurrency regulation. By characterizing the lapses as potentially intentional or grossly negligent, regulators have raised the stakes for exchange compliance. This development underscores that cryptocurrency platforms must prioritize security and verification with the same seriousness as traditional financial institutions. As the industry matures, incidents like these, while concerning, ultimately contribute to stronger safeguards and greater legitimacy. The path forward requires exchanges to embrace their responsibilities while regulators provide clear, consistent oversight. Only through this balance can cryptocurrency achieve its potential as a transformative financial technology. Frequently Asked Questions What is Dunamu, and why is it important? Dunamu operates Upbit, one of South Korea’s largest cryptocurrency exchanges. Its regulatory compliance matters because it serves millions of users and influences industry standards. What does ‘post-verification’ mean in cryptocurrency exchanges? Post-verification refers to the ongoing monitoring processes exchanges conduct after initial user approval, including transaction tracking, suspicious activity reporting, and customer information updates. How could intentional verification lapses affect cryptocurrency users? Intentional failures could expose users to increased fraud risk, undermine market confidence, and potentially lead to financial losses if illicit activities exploit system vulnerabilities. What penalties might Dunamu face for these verification lapses? Potential consequences include substantial fines, operational restrictions, increased regulatory scrutiny, and mandatory implementation of enhanced compliance systems. Will this incident affect other cryptocurrency exchanges? Yes, other exchanges will likely review and strengthen their verification systems in response, potentially leading to industry-wide improvements in compliance standards. How can cryptocurrency users protect themselves amid such incidents? Users should diversify across multiple reputable exchanges, enable all available security features, monitor their accounts regularly, and stay informed about regulatory developments. Found this analysis of Dunamu’s regulatory challenges insightful? Help others stay informed about crucial cryptocurrency developments by sharing this article on your social media platforms. Regulatory transparency benefits the entire crypto community, and informed discussions lead to better outcomes for all participants in this evolving financial landscape. To learn more about the latest cryptocurrency regulatory trends, explore our article on key developments shaping global cryptocurrency oversight and institutional adoption. This post Exposed: How Dunamu’s Verification Lapses Could Signal Intentional Negligence first appeared on BitcoinWorld .

USDT Dips Below 7 CNY on Binance as China Reaffirms Stablecoin Crackdown After 1128 Meeting

Bitcoin held near $93,000 in Asian trading on Thursday, while regional stocks made a lacklustre start as soft US data reinforced expectations that the Federal Reserve will cut interest rates next week. Nic Puckrin, investment analyst and co-founder of The Coin Bureau, said Bitcoin has staged a “remarkable recovery” over the past day as a “perfect storm of good news” swung momentum back toward the bulls. He pointed to Vanguard lifting its long-standing ban on Bitcoin ETFs , Bank of America recommending a 1% to 4% crypto allocation that could channel as much as $700b into the asset class, and growing confidence that crypto-friendly Kevin Hassett will become the next Fed chair . Kevin Hassett, director of the National Economic Council, has emerged as Trump’s top Fed chair contender, putting a crypto-linked ally within reach of leading the central bank. #KevinHassett #FedChair https://t.co/Oa59lRry11 — Cryptonews.com (@cryptonews) November 26, 2025 “With a rate cut on December 10th largely priced in, all eyes are now on 2026 monetary policy expectations, and so Hassett would be a welcome appointment for markets,” Puckrin said. Market snapshot Bitcoin : $93,609, up 0.9% Ether : $3,215, up 5.9% XRP : $2.20, up 0.7% Total crypto market cap: $3.27 trillion, up 1.8% Bitcoin Eyes Breakout As Traders Track Key US Jobless Data Akshat Siddhant, lead quant analyst at Mudrex, said a decisive breakout above current levels could clear the path to the $103,000 supply zone. He added that traders are watching US weekly jobless claims later on Thursday, which could help support Bitcoin’s upward trajectory if they reinforce the case for easier policy. Across equities, Asia traded mixed. Japan’s Nikkei 225 rose about 0.8%, while MSCI’s broad index of Asia Pacific shares outside Japan slipped around 0.1%, weighed by declines in Korea and New Zealand. Mainland China benchmarks were little changed to slightly higher and Hong Kong’s Hang Seng index inched up, underscoring a cautious tone. Rate Cut Probability Climbs As US Data Softens US index futures were steady after Wednesday’s gains, with contracts on the Dow Jones Industrial Average, S&P 500 and Nasdaq all modestly higher. European futures were flat to slightly weaker, with DAX and FTSE 100 edging down and CAC 40 a touch stronger. Overnight on Wall Street, small caps led the advance. The Russell 2000 jumped about 1.9% and the S&P 500 notched a second straight rise after US private payrolls posted their biggest drop in more than two and a half years. An Institute for Supply Management survey showed services employment contracting in November and the prices paid subindex falling to a seven-month low, even as overall services activity held near 52.6. The run of softer numbers has strengthened the case for a near-term cut. Fed funds futures now imply roughly an 89% chance of a 25-basis-point reduction at the meeting next week, up from about 83% a week earlier, according to CME’s FedWatch tool. Greenback Hits Five-Week Low, Investors Track Signals On Future Fed Moves The dollar index slipped around 0.4% to 98.878, touching a five-week low and extending its losing streak to a ninth session. The yield on the 10-year US Treasury was steady near 4.07% after a Financial Times report said bond investors have expressed concern to the Treasury that Hassett could push for aggressive rate cuts aligned with President Donald Trump’s preferences. Investors are also dealing with a backlog of US data after a record 43-day government shutdown earlier in the year disrupted the flow of official releases. As delayed reports filter out, traders are placing more weight than usual on private sector surveys and high frequency indicators to gauge the Fed’s path. The next major macro test comes on Friday with the release of the personal consumption expenditures index, the Fed’s preferred inflation gauge. Until then, markets are trading on the assumption that a December cut is virtually locked in and that 2025 and 2026 policy will hinge on how quickly growth and employment cool from here. The post Asia Market Open: Bitcoin Steadies Around $93K, Stocks Drift After Weak US Prints Reinforce Fed Cut Outlook appeared first on Cryptonews .

CryptoQuant’s latest report shows the company preparing for weaker conditions with smaller buys and a growing USD buffer, yet traders continue to price in a playbook built on reflexive accumulation.

Silver is outperforming gold in 2025, and it’s all because demand has blown past what miners can dig up, while electronics, electric vehicles, and solar companies are all grabbing for the same shrinking pile of metal. As of early December, silver has doubled in price year-to-date, while gold surged by 60% in comparison. Both metals are having the time of their lives though, as investors are steadily ducking out of fiat and into hard assets. But it’s silver that’s flashing red on the supply side, and it’s not built to handle this kind of squeeze. Inventories are scraping the bottom. Supply isn’t keeping up. The risk now is broader: companies across sectors could face shortages if the current pace holds. The market is already showing signs of stress, and nobody’s stepping in to bail it out. There’s no silver equivalent of central banks lending metal into the system like they do with gold. When liquidity dries up here, it just… dries up. Silver moves electricity better than almost anything on earth, which is why it’s built into circuit boards, switches, batteries, and charging stations. But with margins already thin, high silver costs make it harder to stay profitable. Jewelry demand for silver is still strong, especially in China and India, where silver is passed down as a family asset. The three biggest silver producers are Mexico, Peru, and China, who right now are dealing with everything from regulatory delays to environmental crackdowns. ETF flows, weak mining, and option bets trap Silver investors. Do they have a plan? According to data from LSEG, the global total silver stash is currently under $50 billion. For comparison, gold sits at around $1.2 trillion, with a huge chunk of that in central bank vaults (especially the Bank of England) where it can be lent into markets when things get tight. That system doesn’t exist for silver, so yeah, it’s every trader for themselves. Still, silver is cheap per ounce compared to gold too, so it is so much easier to buy for retail investors, though also riskier. But for those guys, this is a non-issue. Meanwhile, physical silver-backed ETFs picked up 15.7 million ounces in November alone. Holdings have climbed in 9 of the last 11 months. These are active bets on supply staying tight and prices staying hot. But it’s not just ETFs. The options market is on fire too. Jonathan Krinsky, chief markets technician at BTIG, pointed out that the iShares Silver Trust (SLV), which tracks the metal’s performance, posted three straight daily gains of 2.5% or more in the past week. “That’s only happened five other times in the ETF’s history (back to ’06). Four of the five occurred either at, or right before, a major peak for SLV,” he said. Silver skew (a measure of call-option demand over puts) jumped 8 points to hit 10 percentage points in two weeks, which is the highest since March 2022 and also means that betting on an upside just got a lot more expensive. Wonder how that’ll play out. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

Nvidia's H200 AI chips face rejection from China despite potential U.S. export easing, as CEO Jensen Huang stated they won't accept downgraded versions. This standoff highlights ongoing tensions in semiconductor trade between the U.S. and China. Nvidia CEO Jensen Huang met with President Trump to discuss export controls on advanced chips. China's regulators may block [...]

Jensen Huang, the CEO of Nvidia, said on Wednesday that China probably won’t accept the company’s H200 AI chips, even if the U.S. government decides to loosen restrictions on chip exports. Speaking with reporters after meeting President Donald Trump at the White House, Jensen said he had no idea whether Chinese regulators would approve the purchase of the chips, adding, “We don’t know. We have no clue.” He made it clear that if the chips are watered down, China simply won’t buy them. “We can’t degrade chips that we sell to China,” Jensen said. “They won’t accept that.” This came after discussions within Trump’s administration on whether to allow the H200, which started shipping last year, to be sold in China. The chip is powerful enough to train and run large-scale AI models, making it one of the most sensitive pieces of technology in the U.S. hardware arsenal. Trump meets Jensen Huang as Nvidia fights off tighter export rules Trump didn’t give any direct answers when asked about export control changes during an Oval Office event later that day. But he did throw in a quick compliment at Jensen, calling him someone doing “an amazing job.” Jensen also headed to a closed-door Senate Banking Committee meeting, where export controls were once again the topic. That committee oversees trade rules tied to national security, including high-tech exports like Nvidia’s chips. As Jensen walked into the meeting, he made it clear the company’s hands are tied.If the chips are downgraded to meet U.S. limits, they’re useless to buyers in China. On the way out, Republican Senator Mike Rounds said that Jensen expressed Nvidia’s need to sell globally. “They want the customers around the world,” Rounds told reporters. “We understand that. And at the same time, we’re all concerned, including Jensen, with regard to having restrictions on what goes to China.” At that same session, Senator Cynthia Lummis, also a Republican, said the controversial GAIN AI Act didn’t come up.The proposed law would’ve required Nvidia and other U.S. chipmakers like AMD to serve domestic customers first before selling chips to China or other countries under arms embargoes. The bill didn’t make it into the final defense package, which handed Nvidia a small win as it continues to lobby against new limits. H200 chip faces political, economic, and diplomatic roadblocks Later in the evening, during a talk hosted by the Center for Strategic and International Studies, Jensen said that discussions are still happening inside the administration. Final approval on chip sales will come down to Trump, according to Commerce Secretary Howard Lutnick, who has confirmed that the decision is now with the president. Any change would undo parts of the 2022 policy that locked China out of the most advanced U.S. tech. Those restrictions were designed to stop China’s military from getting ahead in AI. Senator Elizabeth Warren, who leads the Democratic side of the banking panel, slammed the idea of allowing the H200 into Chinese hands. In a letter to Lutnick signed with Andy Kim, she warned the administration that sales of the chip would “turbocharge China’s military and undercut American technological leadership.” She also criticized the decision-making process as lacking transparency, writing, “We should not allow Big Tech firms like Nvidia to sell sensitive technology to governments that do not share our values.” Despite this, Jensen is still eyeing the Chinese market. In an interview with Bloomberg Television last month, he said China represents a $50 billion opportunity. But for now, Nvidia has excluded data center revenue from China in its financial forecasts. Still, Jensen insisted that reopening that market would help everyone, saying Chinese open-source AI models “leave China and are used all over the world.” Nvidia’s last attempt to make something work in China didn’t go well. The company had won approval to sell its H20 chip, designed to sit just under the U.S. export limits.But China told local firms not to bother and to use homegrown chips instead. Jensen later pushed for a weaker version of the upcoming Blackwell chip, but that went nowhere, even after an October meeting between Trump and Chinese President Xi Jinping. “A GPU for AI data centers, that GPU weighs two tons,” said Jensen. “It has one and a half million parts. It consumes 200,000 watts. It costs $3 million. Every so often somebody says, you know, these GPUs are being smuggled. I really would love to see it—not to mention you have to smuggle enough of them to fill a football field.” Get up to $30,050 in trading rewards when you join Bybit today

China has set a 5% GDP growth target for 2026, matching this year's goal to launch the 15th five-year plan strongly amid economic challenges like property slumps and deflation. 5% target pressures policymakers to maintain fiscal spending and monetary easing to combat deflation. The goal aligns with the start of the 15th five-year plan, focusing [...]

Recent comments from the Bank of Japan have further destabilized Bitcoin’s price. Despite hitting the