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UK Treasury Unveils Draft Cryptoasset Regulations, Seeks Feedback by May 2025
30.4.2025
On April 29, 2025, the UK Treasury announced the release of a draft Statutory Instrument (SI) and a Policy Note detailing the UK’s upcoming financial services regulatory framework for cryptoassets, including stablecoins. Following proposals outlined in October 2023 and reaffirmed in November 2024...
Use It or Lose It’: AUSTRAC Warns Inactive Crypto Exchanges
30.4.2025
AUSTRAC is cracking down on inactive digital asset exchanges, urging them to voluntarily withdraw their registrations or face forced cancellation to prevent criminal exploitation. Significant Proportion of 427 Registered Exchanges Inactive Australia’s AUSTRAC is taking decisive action against...
Gate Secures Key VASP License in Dubai, Eyes Regional Growth
30.4.2025
The United Arab Emirates division of the cryptocurrency exchange Gate has secured a license from Dubai’s Virtual Assets Regulatory Authority, allowing it to offer exchange services to institutional and retail investors. Gate’s Commitment to Operating Within Legal Frameworks Gate Technology FZE,...
UAE Greenlights Stablecoin Issuer Circle as Money Services Provider
30.4.2025
Stablecoin issuer Circle has secured In-Principle Approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market, allowing it to operate as a money services provider. Circle Eyes Greater Role in UAE Circle Internet Group, the leading global financial technology company...
UK Government Releases Draft Crypto Rules
29.4.2025
The statutory instruments will see the creation of new regulated activities such as operating a cryptoasset trading exchange and stablecoin issuance
CBDCs ‘costly fiat copy’, not fintech success so far: Ex-Binance exec
29.4.2025
The United States’ rejection of a central bank digital currency has not halted the progress of CBDCs globally, but their success has been questionable so far, according to a former Binance executive.Global CBDC projects have not failed, but they have also not become what they were anticipated...
CBDCs ‘costly fiat copy’, not fintech success so far: Ex-Binance exec
29.4.2025
The United States’ rejection of a central bank digital currency has not halted the progress of CBDCs globally, but their success has been questionable so far, according to a former Binance executive.Global CBDC projects have not failed, but they have also not become what they were anticipated...
Beijing to invest in blockchain, integrate into infrastructure
29.4.2025
The Beijing city administration has announced a plan for local blockchain development and implementation over the next two years.According to an April 29 announcement, the plan was jointly developed by the Beijing Municipal Science and Technology Commission, the Zhongguancun Administrative...
A16z leads $25M funding for Miden blockchain project
29.4.2025
A16z Crypto led a $25 million investment round into Miden, an independent blockchain project spun out of Polygon Labs.Miden closed its $25 million seed rounds led by a16z Crypto, 1kx, and Hack VC, with participation from Finality Capital Partners, Symbolic Capital, P2 Ventures, Delta Fund,...
Trump’s first 100 days ‘worst in history’ despite crypto promises
29.4.2025
The first 100 days of the administration of US President Donald Trump have deeply impacted the crypto industry, starting with his own memecoin and culminating in a Bitcoin reserve and a spate of blockchain policymaking. Trump’s trade war with the entire world has had the largest...
Circle gets Abu Dhabi regulatory nod to expand in Middle East
29.4.2025
USDC stablecoin issuer Circle has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), the company announced on April 29.The approval moves Circle closer to obtaining a full Financial Services Permission (FSP) license...
Bitcoin miner Phoenix Group adds 52 MW of mining capacity in Ethiopia
29.4.2025
Bitcoin mining firm Phoenix Group announced the addition of 52 megawatts (MW) worth of mining capacity to its capabilities in Ethiopia.According to an April 29 announcement, with this latest addition, Phoenix’s Bitcoin mining capacity in Ethiopia reaches 132 MW. The firm’s global...
Nasdaq Drops Crypto Framework on SEC That Could Redefine Trading
29.4.2025
Nasdaq is revolutionizing the future of digital assets with a bold framework to seamlessly fuse crypto into U.S. capital markets while safeguarding investors, laying the groundwork for a major financial transformation. Nasdaq Unveils Ambitious Digital Asset Integration Framework Nasdaq Inc....
Tether still dominates stablecoins despite competition — Nansen
28.4.2025
Despite growing competition from emerging issuers, the stablecoin market remains largely dominated by a few key players. According to data from Web3 research firm Nansen, Tether’s USDt (USDT) continues to lead among US dollar-pegged stablecoins, even as competition intensifies.As of April...
Arizona legislature passes Bitcoin reserve bills, moving closer to stockpiling crypto
28.4.2025
Lawmakers in the Arizona House of Representatives passed two bills that could allow the state to adopt a reserve using Bitcoin (BTC) or other cryptocurrencies.In a third reading on April 28 of Senate Bill 1025 (SB1025), a proposal to amend Arizona’s statutes to allow for a strategic...
Bitcoin price consolidation likely as US Core PCE, manufacturing, and jobs reports print this week
28.4.2025
Key takeaways: A week full of US macroeconomic reports could impact Bitcoin traders’ sentiment. Bitcoin’s rally could stall if there’s a sharp reduction in spot buy volumes.If PCE, the ISM PMI, and jobs data align with market expectations, BTC could rally. Bitcoin...
Gold-backed cryptocurrencies spike amid global trade uncertainty
28.4.2025
Gold-backed cryptocurrencies have spiked in value amid the global trade war unleashed by US President Donald Trump’s April 2 tariffs.Tether Gold (XAUT) and Paxos Gold (PAXG) reached all-time highs on April 22, with Tether Gold touching $3,529 and Paxos Gold recording a peak of $3,520...
US senators press for answers on Trump's crypto interests
28.4.2025
Massachusetts Senator Elizabeth Warren has called on government officials to address questions related to US President Donald Trump’s memecoin and his media company.In an April 25 letter to Jamieson Greer, acting director of the US Office of Government Ethics (OGE), Warren, a Democrat from...
Bitcoin price pullback to $91K possible, but onchain data highlights ‘healthy’ market fundamentals
28.4.2025
Key Takeaways:Bitcoin’s year-over-year return and realized price metric signal strong long-term support from holders and suggest that BTC is currently undervalued. Standard Chartered estimates a Bitcoin price target in the $110,000–$120,000 zone by Q2 2025.Positive funding rates point...
Price predictions 4/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI
28.4.2025
Key points:Bitcoin continues to face resistance at $95,000, but the possibility of an upside breakout remains high.Solid spot Bitcoin ETF inflows do not always signal a short-term top.Select altcoins are showing early signs of a short-term trend change.Bitcoin (BTC) pierced the $95,000 resistance...