Crypto Flipsider News – Fed Rate Hike; Kraken CEO Resigns; Vasil Launch; “Cryptos Are Ponzi Schemes”; FTX Raises $1Billion

Read in the Digest: Crypto markets react to Fed interest rate hike of 0.75 percent points Kraken’s CEO Jesse Powell resigns to focus on crypto industry advocacy Vasil upgrade is ready to launch as Cardano meets all critical requirements JP Morgan CEO labels cryptocurrencies “decentralized Ponzi schemes” Sam-Bankman Fried’s FTX


S. Korean Regulators Oppose Busan’s Regulatory Measures for Foreign Crypto Exchanges

South Korean financial authorities expressed their opposite stance against Busan City to provide special regulatory support for foreign crypto firms to establish digital asset exchanges, local media outlet Money Today reported Thursday. The Financial Intelligence Unit (FIU) under the Financial Services Commission of South Korea said judicial risks, investor risks