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FCA Fines Coinbase $4.5M for Onboarding ‘High-Risk’ Customer
25.7.2024
FCA has fined prominent cryptocurrency exchange Coinbase’s United Kingdom arm $4.5M for breaching a voluntary agreement related to user onboarding. CB Payments Ltd. (CBPL), is an e-money institution and payments processor tied to United States Coinbase (COIN). Coinbase in trouble with UK regulators...
Bitstamp Initiates Bitcoin Repayments to Mt. Gox Creditor
25.7.2024
Bitstamp Crypto Exchange has begun repaying Bitcoin to the Mt. Gox creditors. This development marks an end to over ten years of waiting since one of the largest crypto exchange hacks in history. Bitcoin Reparations Begin On July 25, Bitstamp announced it had received from the trustee all the funds...
2024 Bitcoin Conference – Here’s what to expect today
25.7.2024
All eyes are on Nashville with the arrival of President Donald Trump and other bigwigs politicians who are scheduled to speak at the 2024 Bitcoin conference. The conference is set to begin today, July 25, and end on July 27 at the Music City Center, with more than 20,000 people expected to attend....
Ethereum Plunges 8% Despite ETH ETF Approval: Here’s Why
25.7.2024
The cryptocurrency market is experiencing turbulence as Ethereum (ETH) takes a major hit. ETH has dropped over 8% in the past 24 hours. This downturn comes after the much-awaited launch of ETH ETFs. Multiple Factors Converge to Push Ethereum Down The primary reason is the substantial outflow from...
Trump Eyes ‘Bitcoin Strategic Reserve,’ Harris Woos Mark Cuban, Kennedy Rallies Pro-Crypto
25.7.2024
Former President Donald Trump is set to announce the creation of a ‘Bitcoin Strategic Reserve’ in Nashville. Vice President Kamala Harris’s office contacted billionaire investor Mark Cuban to discuss Bitcoin. Independent Presidential Nominee RFK endorses Bitcoin. As the American...
India Gears Up for Crypto Policy Overhaul by September
25.7.2024
The Indian government is preparing to release a discussion paper on its crypto policy stance before September. This development was announced by Economic Affairs Secretary Ajay Seth in an interview with Moneycontrol. India’s crypto stance from scrutiny to strategy The planned discussion paper...
Philippines Plans CBDC Launch by 2029 Under Project Agila
25.7.2024
The Philippines has also set its sights on releasing its own central bank digital currency (CBDC) by 2029 to create a wholesale form of currency. Project Agila, the initiative of the country’s central bank, is steadily approaching the Proof of Concept stage. This initiative will investigate...
Daily Crypto Update: Market Gains Stability with Rare Outliers
25.7.2024
After an unexpectedly bullish session, the crypto market has entered a slump. The market has been sluggish for the past week, with most cryptos gradually dropping in value. Most of the top 10 cryptocurrencies have lost value in the past 24 hours, with the exception of Solana and Ripple, which have...
DeFi Token DTX Attracts Heavy Inflows from XRP and NEAR Traders
25.7.2024
As of June 24, three tokens are making huge waves: Ripple (XRP), Near Protocol (NEAR), and DTX Exchange (DTX). While XRP has finally broken through its resistance levels and NEAR Protocol is gaining bullish momentum, DTX Exchange is drawing a notable surge in demand after crossing $1.1 million...
Ferrari to Accept Crypto Payments in Europe
24.7.2024
Italian Luxury sports car giant Ferrari will expand cryptocurrency payment options to its European dealer network this month. The launch follows its success in the US after partnering with BitPay in 2023. Ferrari to Launch Crypto Payments in Europe According to an official statement shared...
PEPE Surges Over 8% in a Day; Can It Break $0.0000134?
24.7.2024
Despite the global crypto market favoring bears, the PEPE token has exhibited solid bullish sentiment, making up today’s top gainers with over 8% gain in a single day. This rise comes amid an intraday low of $0.00001171, impacted by the bears after the token opened at $0.00001206. Since then...
Democrat Kamala Harris Won’t Attend 2024 Bitcoin Conference
24.7.2024
President Joe Biden’s dropping out of the 2024 Elections was the best thing for Bitcoin and the Crypto Industry as a whole. There have been speculations that the newly appointed Democratic presidential candidate, Kamala Harris, will attend the Bitcoin conference. However, it has been reported...
Tesla Maintains Bitcoin Hoard in Q2 Financial Report
24.7.2024
In its financial statements for the second quarter of this year, Tesla clarified that it had not offloaded any of its Bitcoin (BTC) for the eighth quarter in a row. The electric car maker currently has about 9,720 Bitcoins worth $640 million. This reserve was hence bought at an estimated total cost...
Ethereum ETF Debuts $1B+ Volume; BlackRock’s ETHA Leads
24.7.2024
U.S. spot Ethereum exchange-traded funds (ETFs) saw more than $1 billion in trading on their first day. This shows investors are very interested and the market is ready to accept these new products. The launch of several spot Ethereum ETFs on Tuesday is a big step forward for digital assets. ...
Mt. Gox Moved Bitcoin Worth $2.8 Billion in the Last 6 Hours
24.7.2024
Mt. Gox, a Japanese crypto exchange, continued its Bitcoin payment plan to creditors today. According to on-chain data from Arkham Intelligence, Mt. Gox moved Bitcoin worth $2.805 billion in four hours. Mt. Gox continues its Bitcoin payment plan Earlier today, the exchange transferred 37,477...
Daily Crypto Update: Correction stance stands with minimal grace
24.7.2024
The week has not been favorable for the crypto market as it continues to showcase bearish tendencies. Ever since Biden made a surprising exit from the presidential race, the financial market has remained uncertain. Even the stablest cryptocurrencies, such as Bitcoin and Ethereum, are gradually...
Ether ETF Volumes Surge Past $1B on Launch Day: Grayscale Leads, Will BlackRock Topple Grayscale?
24.7.2024
According to WSJ data and based on the EUR exchange rate, over $1 billion in shares of newly-listed ether ETF issuers changed hands for investors. Trading volume is the amount of dollars exchanged for shares, not whether these trades were inflows or outflows. It also remains to be seen whether...
Dogwifhat Retests Bearish Trendline; WIF Rebound to $3.00?
23.7.2024
Dogwifhat’s WIF token has exhibited a solid bearish sentiment in the last 24 hours, marking today’s top loser in the crypto market. As a result of this negative price action, WIF’s price fell to an intraday low of $2.5253, which recorded a 10% decrease at the time. However,...
Trump Snubs Larry Fink & Jamie Dimon for Treasury Secretary
23.7.2024
In a recent Truth Social platform post, Donald Trump denied considering JPMorgan’s Jamie Dimon or BlackRock’s Larry Fink for US Treasury Secretary. Trump has denied the rumors while pointing fingers at the “Radical Left.” Trump denies picking BlackRock’s CEO as Treasury Secretary Reports, led...
BlackRock’s IBTC leads the $532.93M Bitcoin ETFs gains
23.7.2024
BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), has seen a massive inflow of $515.84 million today. Overall. 9 Bitcoin ETFs have added 8,021 Bitcoins worth $532.93 million. Spot Bitcoin ETFs continue the upward trend The resilience seen in the crypto...