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Cyprus SEC Enforces EU Crypto Regulation — Key Deadlines Loom
18.10.2024
Key deadlines for crypto-asset regulation are approaching, as Cyprus’ regulator announced that the EU’s Markets in Crypto-Assets Regulation (MiCAR) will take effect for service providers by December 2024, with registration closing by October. Providers already registered may operate until mid-2026...
Nigerian Currency ‘Most Competitive in 20 Years,’ Says World Bank
18.10.2024
Nigeria’s currency reforms under Bola Tinubu’s government have made the naira one of the most competitive in 20 years, according to World Bank chief economist Indermit Gill. The decision to float the naira and remove fuel subsidies helped prevent fiscal collapse. While the naira’s...
20-Year Prison Sentence Looms for Man Accused of Crypto Money Laundering Scheme
18.10.2024
A North Carolina man has been indicted for allegedly laundering more than $380,000 in a wire fraud scheme, according to the Department of Justice. The suspect is accused of moving illicit funds through payment platforms and cryptocurrency exchanges, transferring over $240,000 to crypto addresses....
Kenya’s Crypto Landscape Set for Major Overhaul With New Tax System
18.10.2024
The Kenyan Revenue Authority (KRA) is tightening its grip on cryptocurrency by proposing a real-time tax system integrated with exchanges. This system would track all crypto transactions, capturing details like time and value for tax collection purposes. Beyond real-time taxation, Kenya...
Paypal Expands Crypto Reach: 60 Million Venmo Users Now Linked to Moonpay
18.10.2024
Venmo’s 60 million users can now fund transactions on the Moonpay platform, thanks to a new integration announced by Paypal. U.S. users can use Venmo balances, linked bank accounts, or cards to buy and sell cryptocurrencies through Moonpay, expanding payment flexibility. However, this option...
Crypto Goes Mainstream: Blackrock Boosts North America’s $1.3T Inflows
18.10.2024
Cryptocurrency is increasingly integrated into the mainstream as North America continues to lead the global crypto market, receiving $1.3 trillion in onchain value between July 2023 and June 2024, according to Chainalysis. Institutional giants like Goldman Sachs and Blackrock are now taking serious...
JPMorgan: We Are Bullish on Digital Assets Into 2025
18.10.2024
Global investment bank JPMorgan is bullish on cryptocurrency into 2025, driven by regulatory shifts and geopolitical tensions. Analysts suggest a Donald Trump re-election as the U.S. president could propel BTC higher, reinforcing the “debasement trade” as investors seek refuge...
Arthur Hayes Predicts Bitcoin Boom Amid Middle East Tensions and Inflation
18.10.2024
Former Bitmex CEO Arthur Hayes sees a bitcoin bull market on the horizon, driven by soaring energy prices and rampant inflation as Middle East tensions escalate. He argues that rising costs will send BTC’s value surging in fiat terms, with newly printed dollars flooding the market. But while...
SEC Officially Appeals XRP Ruling — Will the Court Reverse Ripple’s Win?
18.10.2024
The U.S. Securities and Exchange Commission (SEC) has officially appealed the XRP ruling by Judge Analisa Torres, reigniting the legal battle over whether XRP sales on crypto exchanges qualify as securities. The regulator challenges key aspects of the court decision, including rulings that cleared...
Bitcoin Adoption Reaches Critical Low in El Salvador Despite Government Push
18.10.2024
A new survey has found that bitcoin usage has dropped to critical levels in El Salvador, with less than 10% of its citizens using it to make transactions. The numbers are surprising to analysts, given the push that President Nayib Bukele has made for bitcoin in the country since its adoption...
QCP Capital Reports Bitcoin Lifted by Spot Demand—What Analysts Are Watching Next
17.10.2024
Bitcoin (BTC) enjoyed a 2.20% boost driven by rising spot demand, briefly touching $68,000 before settling at $67,000, according to Singapore-based digital asset trading firm QCP Capital. The firm highlighted strong options activity and inflows into exchange-traded funds (ETFs), with analysts...
Cryptoquant Data Reveals the Power Behind Bitcoin’s Latest Price Surge
17.10.2024
Bitcoin prices have jumped by over 5%, reaching a ten-week peak at $67,800, as demand for the digital asset has climbed steadily. This increased interest comes from spot exchange-traded funds (ETFs) and significant bitcoin accumulation by large investors, commonly known as “whales,”...
Venezuelans Crave USDT as Dollar Exchange Rate Explodes
17.10.2024
Venezuelans have ramped up the use of Tether’s USDT, as it has become one of the largest sources of dollar liquidity in national markets. While the government has tried to contain the black market exchange rates by injecting dollars into the banking sector, it has enjoyed limited success...
Is Microstrategy’s Bitcoin Leverage a Bigger Threat Than FTX? Vinny Lingham Suggests It’s Possible
17.10.2024
Earlier this week, the well-known entrepreneur and investor Vinny Lingham, originally from South Africa but now based in the U.S., sparked a conversation on X by sharing his thoughts about Microstrategy. This company holds an enormous amount of bitcoin on its balance sheet. Lingham suggested that...
Nishad Singh asks for time served, claiming ‘limited’ role in FTX crimes
17.10.2024
The former FTX engineering director pleaded guilty to fraud and conspiracy charges in February 2023 and will return to court on Oct. 30 for a sentencing hearing.
$20B Flows Into Bitcoin ETFs Since January – Wednesday’s Top Players Revealed
17.10.2024
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced another high-activity trading session, pulling in $458.54 million in gains. Meanwhile, ether ETFs also saw inflows, with $24.22 million moving into the nine funds. U.S. Bitcoin and Ether ETFs Absorb Millions – A Key Shift...
Polymarket Volume Hits Record $917M in October—How Much Higher Could It Go?
17.10.2024
According to recent data, Polymarket’s October trading volume has already eclipsed September’s figures, with two weeks still remaining in the month. Impressively, the volume has hit a record high, approaching $1 billion in just over two weeks, ahead of the 2024 U.S. election. $917M and Growing:...
Crypto Scheme Settlement: Tennessee and GS Partners Resolve Misleading Digital Asset Investments
17.10.2024
Tennessee has secured a multi-million dollar settlement with GS Partners over alleged deceptive investment schemes involving digital assets and the metaverse. Investors were enticed with tokens and vouchers linked to physical gold, skyscrapers, and virtual staking pools. Now, affected individuals...
Daily Crypto Update: Bitcoin at $67k, Traders Show Moderate Greed
17.10.2024
The crypto market maintains a bullish stance, with top cryptos showing growth. Bitcoin is firmly at 67k dollars,…
Ireland Moves to Draft Urgent Legislation for Cryptocurrency Regulations Ahead of EU Deadline
17.10.2024
Ireland’s Finance Minister Jack Chambers has announced plans to draft urgent legislation aimed at updating financial regulations to include cryptocurrency and digital asset firms. According to the Irish Examiner, this legislation is crucial to ensure compliance with new European Union money...