Cryptocoins News / Finance Magnates - 3 months ago
Ethereum's price has been in a slump recently, slipping more than 15% in the past week amid bearish momentum in the overall crypto space. Ethereum's current struggles are mainly driven by a return to inflationary supply levels. Since April 2024, the...
Cryptocoins News / Finance Magnates - 3 months ago
Bitcoin is facing a downward trend of lower highs and lower lows, with both technical and fundamental analyses showing a bearish momentum. At the time of publication, the price on CoinMarketCap was 90,567, representing a 3% and 8% decline in the past...
Cryptocoins News / Finance Magnates - 3 months ago
The cryptocurrency market witnessed extraordinary trading activity in December 2024, with total spot trading volume across major exchanges reaching $2.14 trillion, marking an 8% increase from November's $1.99 trillion and a staggering 142% year-over-...
Cryptocoins News / Finance Magnates - 3 months ago
The authorities in Singapore have labelled Polymarket as an “illegal gambling site” and blocked it within the city-state. Now, Singaporeans attempting to visit the crypto-betting platform are shown a notice from the country’s Gambling Regulatory Auth...
Cryptocoins News / Finance Magnates - 4 months ago
Kenya is turning the page on its restrictive cryptocurrency policies with plans to legalize virtual assets. The Treasury Cabinet Secretary, John Mbadi, announced the move today (Friday) in what could mark a shift in the East African country’s financi...
Cryptocoins News / Finance Magnates - 4 months ago
Bitcoin has experienced a significant decline this week, with the cryptocurrency dropping from its recent high above $100,000 to around $91,200. This sharp downturn has sent ripples through the entire crypto market, triggering substantial liquidation...
Cryptocoins News / Finance Magnates - 4 months ago
The UK Treasury has introduced an amendment to the Financial Services and Markets Act 2000 (FSMA), set to take effect on January 31, 2025. This change distinctly separates blockchain validation activities, such as cryptocurrency staking, from collect...
Cryptocoins News / Finance Magnates - 4 months ago
ADA is nearing the $0.8455 support level, which, if breached, could lead to further downward momentum. Cardano (ADA) is experiencing a resurgence, with its price climbing over 9.5% in the past 24 hours. After hitting a low of $0.8873 on January 9, th...
Cryptocoins News / Finance Magnates - 4 months ago
Ripple, a San Francisco-based blockchain company, recently transferred $682 million worth of XRP to an unknown wallet, according to data from Whale Alert, a service that tracks large cryptocurrency transactions.Meanwhile, XRPUSD has been moving upwar...
Cryptocoins News / Finance Magnates - 4 months ago
The cryptocurrency over-the-counter (OTC) market experienced unprecedented growth in 2024, with trading volumes more than doubling amid strong institutional adoption and favorable market conditions. Total OTC trading volume surged 106% year-over-year...
Cryptocoins News / Finance Magnates - 4 months ago
XRP, the cryptocurrency supporting the Ripple blockchain, might experience bearish momentum as funding rates have turned negative on multiple derivatives exchanges today (Friday). Although the rates shifted into the positive region on many exchanges,...
Cryptocoins News / Finance Magnates - 4 months ago
Kraken has announced a new initiative for clients receiving funds from FTX on its platform. These clients will be eligible for fee credits, allowing them to trade up to $50,000 in cryptocurrency without incurring trading fees.Kraken Partners to Distr...
Cryptocoins News / Finance Magnates - 4 months ago
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty attended a private dinner with President-elect Donald Trump on January 6. Garlinghouse shared details of the dinner on social media, describing it as a “great dinner” and a “strong...
Cryptocoins News / Finance Magnates - 4 months ago
Standard Chartered has obtained regulatory approval in Luxembourg to provide digital asset custody services, establishing a foothold in the European Union as the region implements its Markets in Crypto Assets (MiCA) regulation. Standard Chartered Win...
Cryptocoins News / Finance Magnates - 4 months ago
Backpack Exchange responded to FTX's claims hours after the bankrupt exchange called the acquisition of its Cyprus entity unauthorised. The latest press release from Backpack emphasised that it has already purchased FTX EU from former insiders, with...
Cryptocoins News / Finance Magnates - 4 months ago
The bankrupt cryptocurrency exchange FTX clarified today (Thursday) that Backpack's “purported” acquisition of its Cyprus division had not been approved by the court, nor had Backpack been authorized to distribute funds to FTX customers.Further, the...
Cryptocoins News / Finance Magnates - 4 months ago
Bitcoin's dramatic two-day plunge has rattled the crypto market, erasing nearly all of its early 2025 gains and sparking a fresh wave of investor anxiety. Amid fears of rising inflation, surging bond yields, and potential US tariff policies under the...
Cryptocoins News / Finance Magnates - 4 months ago
Revolut has partnered with Pyth Network to contribute its price data to the decentralized finance (DeFi) ecosystem. This collaboration allows Revolut to serve as a data publisher for Pyth, providing trusted price information to market participants.Re...
Cryptocoins News / Finance Magnates - 4 months ago
Dogecoin's rise faces a harsh reality as the memecoin dropped nearly 10% within a day, reaching as low as $0.3411 today (Wednesday). The decline comes as the broader cryptocurrency market faces a bear market, with Bitcoin currently trading at $95k fr...
Cryptocoins News / Finance Magnates - 4 months ago
You've certainly heard that Bitcoin (BTC) miners require a lot of energy to operate, but they also give off a lot of heat. Wall Street crypto miner Canaan (NASDAQ: CAN) decided to take advantage of this by introducing a combination of miners with… ho...
Cryptocoins News / Finance Magnates - 4 months ago
Nearly two years after securing a Digital Asset Service Providers (DASP) license in El Salvador, Bitfinex has moved its derivatives business to the crypto-friendly Central American country, the crypto derivatives giant announced today (Wednesday). Pr...
Cryptocoins News / Finance Magnates - 4 months ago
Ripple, a blockchain service provider associated with the XRP Ledger, announced its partnership with data provider Chainlink. The collaboration aims to integrate Ripple's RLUSD stablecoin with decentralized finance (DeFi) applications.“By enabling se...
Cryptocoins News / Finance Magnates - 4 months ago
Cryptocurrency exchange Gemini, owned by the Winklevoss twins, has agreed to a $5 million settlement to end a lawsuit with the Commodity Futures Trading Commission (CFTC). The case, which alleged Gemini misled regulators to launch a Bitcoin futures c...
Cryptocoins News / Finance Magnates - 4 months ago
Bitcoin’s recent surge past the $100,000 mark is no small feat, considering 18 months ago many pundits thought the industry was dying or would fade into obscurity. Despite Bitcoin hitting $108,000 in December before falling to under $95,000, one need...
Cryptocoins News / Finance Magnates - 4 months ago
Authorities in Kazakhstan have blocked more than 3,500 cryptocurrency exchanges operating illegally, according to an announcement by the Kazakh regulator, AFM RK. The crackdown resulted from joint efforts by the National Security Committee and the Mi...
