Cryptocoins News / Finance Magnates - 4 months ago
The Cyprus Securities and Exchange Commission (CySEC) has provided updated guidance for Crypto-Asset Service Providers (CASPs) operating under the transitional provisions of the Markets in Crypto-Assets Regulation (MiCA). This announcement builds on...
Cryptocoins News / Finance Magnates - 4 months ago
The publicly listed Bitcoin (BTC) miner from Wall Street, HIVE Digital Technologies (NASDAQ: HIVE) announced today (Tuesday) its strategic decision to relocate its headquarters from Vancouver, Canada to San Antonio, Texas. This marks a shift in the c...
Cryptocoins News / Finance Magnates - 4 months ago
Lee Sang-jun, the former CEO of South Korean crypto exchange Bithumb, has been sentenced to two years in prison for his involvement in the bribery and market manipulation scheme. Along with him, the South Korean court also sent Ahn Sung-hyun, a well-...
Cryptocoins News / Finance Magnates - 4 months ago
Bitcoin has entered a significant slump, dipping below $92,000, the lowest since breaking through $100,000 in early December. As 2024 draws to a close, profit-taking by long-term holders and macroeconomic factors could be driving the largest cryptocu...
Cryptocoins News / Finance Magnates - 4 months ago
MicroStrategy has continued its aggressive Bitcoin acquisition strategy, purchasing an additional 2,138 BTC for $209 million, bringing its total holdings to 446,400 BTC. This purchase, made on December 29, marked the eighth consecutive week of Bitcoi...
Cryptocoins News / Finance Magnates - 4 months ago
The crypto market experienced a monumental performance in 2024. Boosted by major developments like regulatory clarity, Bitcoin spot ETF approvals, and DeFi innovations, the average monthly trading volume soared to $1.5 trillion, up a staggering 135%...
Cryptocoins News / Finance Magnates - 4 months ago
A Hong Kong legislator, Wu Jiexhuang, has called for the city to explore the potential of including Bitcoin in its national reserve under the “one country, two systems” policy. Wu, a member of Hong Kong's Legislative Council, suggested that the regio...
Cryptocoins News / Finance Magnates - 4 months ago
Bybit has ended its operations in Malaysia following an order from the Securities Commission Malaysia (SC). The SC flagged the cryptocurrency exchange giant for operating in the country without local registration. It held Bybit’s CEO, Ben Zhou, respo...
Cryptocoins News / Finance Magnates - 4 months ago
XRP, one of the biggest cryptocurrencies used by Ripple, tumbled to December lows of $2.04 on Monday, leading cryptocurrency market losses as a strengthening U.S. dollar and year-end profit-taking pressured digital assets.Let’s examine why XRP is dow...
Cryptocoins News / Finance Magnates - 4 months ago
The non-custodial crypto wallet provided by the Bitget exchange reported that its user base exceeded 60 million globally in 2024. According to the company's year-end report, this represents a 300% increase from the previous year.Bitget Wallet Reports...
Cryptocoins News / Finance Magnates - 4 months ago
South Africa's Financial Sector Conduct Authority (FSCA) announced earlier this month that it has approved the licences of 248 firms to operate as crypto asset service providers (CASPs) while declining nine applications. The regulator has yet to make...
Cryptocoins News / Finance Magnates - 4 months ago
The IRS has officially brought decentralized finance (DeFi) platforms into its regulatory purview, declaring that front-end service providers facilitating digital asset transactions meet the definition of brokers. These platforms will now face string...
Cryptocoins News / Finance Magnates - 4 months ago
After 18 months of legal battles, Montenegro has approved the extradition of the disgraced crypto entrepreneur Do Kwon to the United States, where he faces fraud charges, local media publication Vijesti reported. In May 2022, the cryptocurrency marke...
Cryptocoins News / Finance Magnates - 4 months ago
Tether (USDT), the largest stablecoin by market capitalization, may face removal from European exchanges due to non-compliance with new Markets in Crypto-Assets (MiCA) regulations. The deadline for compliance is December 30, 2024, raising uncertainty...
Cryptocoins News / Finance Magnates - 4 months ago
The possibility of Bitcoin reaching the coveted $1 million milestone hinges primarily on one crucial factor: the establishment of a U.S. government strategic Bitcoin reserve. This assessment comes from Jeff Park, Head of Alpha Strategies at Bitwise A...
Cryptocoins News / Finance Magnates - 4 months ago
ADA, the cryptocurrency powering blockchain platform Cardano, is recovering from a recent price decline. Data from CoinMarketCap shows that the cryptocurrency jumped 3% and 8.6% in the past day and month, respectively. At the time of publication, ADA...
Cryptocoins News / Finance Magnates - 4 months ago
Ripple's XRP has seen significant price growth, rising by more than 250% in the past three months. This surge has drawn attention from crypto investors, with some analysts predicting that the price could reach as high as $8 in the coming months.Crypt...
Cryptocoins News / Finance Magnates - 4 months ago
Bitget Token (BGB) has gained another significant boost as the cryptocurrency exchange behind it, Bitget, merged two native tokens into one. As a result, the value of BGB surpassed $8.35 per token, an all-time high, before experiencing some price cor...
Cryptocoins News / Finance Magnates - 4 months ago
India's changing stance on cryptocurrency regulation is drawing international attention. 2024 observed significant advancements in crypto adoption and institutional involvement, and Bitcoin has recently reached a record high of $108,000.A key develop...
Cryptocoins News / Finance Magnates - 4 months ago
Ryan Salame and Caroline Ellison, two former top FTX executives now in prison, have had significant reductions in their sentences, according to the Federal Bureau of Prisons.Reduction in Prison TimeSalame, the former co-CEO of FTX, was sentenced to s...
Cryptocoins News / Finance Magnates - 4 months ago
Russian companies are circumventing Western sanctions by using Bitcoin and other cryptocurrencies to settle international trade, the country’s Finance Minister, Anton Siluanov, confirmed yesterday (Wednesday)."As part of the experimental regime, it i...
Cryptocoins News / Finance Magnates - 4 months ago
SBI VC Trade, a Japanese cryptocurrency exchange owned by SBI Holdings, has confirmed it has finalised an agreement to accept customer accounts and assets from DMM Bitcoin, which faced issues following a cyberattack.The confirmation came after DMM Bi...
Cryptocoins News / Finance Magnates - 4 months ago
Turkey revealed new cryptocurrency regulations in late December 2024, drawing inspiration from international frameworks like Europe’s Markets in Crypto Assets (MiCA). According to a document published on December 25 in the Official Gazette of the Rep...
Cryptocoins News / Finance Magnates - 4 months ago
The number of cryptocurrency investors in South Korea surged to 15.59 million as of November, a rise of 610,000 from the previous month, according to data from the Bank of Korea (BOK) released today (Wednesday). This figure represents approximately 3...
Cryptocoins News / Finance Magnates - 4 months ago
BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw its largest single-day outflow on December 24, with $188.7 million withdrawn, according to CoinGlass data. This exceeded the previous record of $72.7 million in outflows on December 20.Fidelity, ARK Bi...
