#cryptocurrency
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The South Korean regulator might launch an investigation into the cryptocurrency exchange OKX for unauthorized advertising of one of its programs. Local laws mandate that every crypto company must undergo registration to smoothly engage with South Korean clients. 
BTC, ETH and PAXG Price Analysis for February 5, 2024
The cryptocurrency market had a tranquil weekend, with Bitcoin (BTC) and other cryptocurrencies not experiencing significant volatility. Here’s an analysis of the market situation for Bitcoin (BTC), Ethereum (ETH), and Pax Gold (PAXG) as of Monday, February 5. 
DZ Bank, the second-largest financial group in Germany, plans to unveil a retail cryptocurrency trading project by the end of 2024. This ambitious venture will see participation from dozens of corporate banks and will initially cater to private users who do not seek investment or trading consultations. 
The X account of the Spanish Embassy in Bosnia and Herzegovina has been actively engaging in discussions about cryptocurrencies, particularly regarding potential airdrops or updates. The embassy's account commented on various cryptocurrency projects, including Beam, Phantom, and SatoshiVM. 
Iconic ‘Oops’ Moments in Crypto History
Cryptocurrency is serious business, with its complex algorithms and high-stake investments, where a single code line can dictate the financial fate of thousands. But it also has its share of amusing stories: from coding mishaps to evil ploys, it seems like the industry has seen it all. Let’s look back at some of the most iconic stories. 
Effective July 19, South Korea's new Virtual Asset User Protection Act will come into force, criminalizing market manipulation, illicit and insider trading within the cryptocurrency sector. Offenders face severe penalties, including a minimum fine of three times the amount of profit gained or imprisonment. 
The U.S. Department of Justice has leveled charges against three American individuals for committing fraud through SIM card swaps. Bloomberg reports that among the companies affected was the cryptocurrency exchange FTX, which suffered a loss of over $400 million in client assets in the aftermath of its bankruptcy announcement. When to Expect Ethereum ETFs?
After the much-anticipated approval of Bitcoin ETFs, several key players in the cryptocurrency market, including the investment powerhouse BlackRock, have submitted Ethereum ETF applications with the SEC. Let's evaluate the likelihood of these funds getting the green light. 
The legal firm MANIMAMA has released a report analyzing cryptocurrency tax systems worldwide, including the EU, Switzerland, the UAE, and more. Notably, the UAE, particularly Dubai, emerges as one of the most favorable locations for crypto trading and earnings, as it imposes no capital gains or income tax. 
Ethereum's founder, Vitalik Buterin, recently published an article titled "The promise and challenges of crypto + AI applications." He delves into the convergence of blockchain and AI technologies, highlighting key areas like data management, transparency, monetization, and cost reduction. 
Cryptocurrencies, primarily due to their mining processes, are projected to boost their energy consumption by at least 40% within the next two years. Concurrently, the energy expenditure for AI apps is set to increase tenfold. These findings come from the International Energy Agency's recent report.