Search
Binance to Reduce Stake in South Korean Digital Asset Exchange GOPAX
31.1.2024
Cryptocurrency exchange Binance is looking to reduce its majority stake in GOPAX, a digital asset exchange based in South Korea. According to a new report from local media sources, Binance is considering selling some of its shares. The exchange will reveal its decision within a month or two citing...
Stablecoin Market Cap Climbs $4.85 Billion in 30 Days; USDT, USDC, FDUSD Spearhead Growth
31.1.2024
In the past month, data reveals a significant increase in the combined market capitalization of leading stablecoins, rising from $131.71 billion to $136.56 billion. The top two stablecoins, tether and usd coin, experienced notable expansions in their supplies, with increases of 4.8% and 7.2%...
First Mover Americas: BTC Loses $43K as Crypto Prices Slip
31.1.2024
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 31, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
CME Group Bitcoin Futures’ Open Interest Slides 24% as Spot ETFs Gain Traction
31.1.2024
The launch of Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States has impacted investor demand for Bitcoin futures, leading to a decline in open interest. Data compiled by Bloomberg reveals that open interest in CME Group Bitcoin futures contracts dropped by approximately...
SEC may approve Spot Ether ETF on May 23, anticipates Kendrick
31.1.2024
It has been less than 30 days since the US Securities and Exchange Commission gave the green light to Bitcoin ETF applications. Now, another crypto ETF is on the horizon. A Standard Chartered Bank representative said there is a high possibility for the Commission to approve the first batch of Spot...
UAE makes first $13.6M Digital Dirham CDBC Payment to China
31.1.2024
The UAE makes its first cross-border digital Dirham transaction worth $13.6 million to China. Sheikh Mansour bin Zayed Al Nahyan, Chairman of the Board of Directors of the UAE Central Bank, made the transfer. The cross-border transaction was conducted through the mBridge platform, an initiative...
Korean Crypto Exchanges Block Romance Scammers’ Access to Digital Assets Worth Over $82 Million
31.1.2024
South Korean cryptocurrency exchanges have successfully stopped romance scams and voice phishing criminals from siphoning digital assets worth over $82.6 million in the past year. The exchanges attribute their success in blocking criminals to abnormal transaction detection systems, which assist...
SEC to Withdraw Case Against Crypto Startup DEBT Box Following Admission of Inaccuracy
31.1.2024
The Securities and Exchange Commission (SEC) has moved to withdraw its lawsuit against crypto startup DEBT Box after admitting to making inaccurate statements in court. The agency filed a lawsuit against Digital Licensing Inc., operating as DEBT Box, in July last year. However, it has now informed...
Bitfinex Securities to Launch in El Salvador on Jan 31 as First Registered Service Provider
31.1.2024
Bitfinex is set to launch in El Salvador on January 31, becoming the first registered and licensed digital asset service provider in the country. Bitfinex Securities, a prominent digital asset exchange, disclosed its plan to establish operations in El Salvador in an email shared with...
Global X Exits the Spot Bitcoin ETF Approval Race
31.1.2024
ETF provider Global X, has pulled its application for a spot Bitcoin ETF, an SEC filing on Tuesday showed. The CBOE BZX Exchange submitted a withdrawal notice for the Global X Bitcoin Trust on Jan. 26, around two weeks after the SEC approved 11 other spot Bitcoin ETFs. Securing approval for these...
UK's Digital Pound Approach Should Help Manage Privacy Concerns, Experts Say
31.1.2024
The U.K.'s approach to handling privacy concerns posed by a digital pound should help quench concerns, according to interviews with a wide range of crypto industry legal and technical insiders
Bitcoin Price Prediction: Dips to $43,000 as CBOE Pulls ETF Amid Economic Shift
31.1.2024
In the dynamic world of cryptocurrencies, Bitcoin’s price approaches the $43,000 threshold, marking a decline of over 1.25% on Wednesday. This adjustment in price occurs against the backdrop of significant market and regulatory news. The CBOE Exchange has retracted its application for...
Standard Chartered Expects SEC to Approve Spot Ethereum ETFs in May, Pushing ETH to $4,000
31.1.2024
Standard Chartered has predicted that the U.S. Securities and Exchange Commission (SEC) will likely approve a spot ethereum exchange-traded fund (ETF) in May. The banking giant’s analyst foresees the price of ether rising to $4,000 by the expected approval date. Standard Chartered’s...
Russia’s Central Bank Exploring Use of Crypto, CBDCs with BRICS Allies
31.1.2024
The Governor of Russia’s Central Bank says she is speaking to BRICS member states about using “digital currencies” to power international trade. Per RIA Novosti and 1Prime, the bank’s long-serving Governor Elvira Nabiullina said the Central Bank was “currently holding consultations with friendly...
Bona Fide Wealth President Defines Bitcoin as ‘Digital Gold,’ Discusses Showdown Between Crypto Natives and Traditional Finance
30.1.2024
Douglas Boneparth, the president and founder of Bona Fide Wealth, recently articulated his perspective on bitcoin, describing it as a digital equivalent of gold or a store of value in the digital realm. In addition, Boneparth further highlighted the contrasts in approach between traditional trade...
Spot Ethereum ETF Approval Expected May 23rd and Could Surge in Value, New Report Says
30.1.2024
The United States Securities and Exchange Commission (SEC) is looking to approve spot Ethereum ETFs by May 23rd of this year, a January 30 report revealed. A Positive Outlook The Block’s report stems from Standard Chartered Bank – a London-based, multinational bank in which its head...
Invesco and Galaxy Slash Fees in Competitive Spot Bitcoin ETF Market
30.1.2024
Responding to the fierce competition in the spot bitcoin ETF market, Invesco and Galaxy Asset Management have lowered the long term fee of their joint BTCO fund, positioning it more competitively against sector heavyweights. Invesco and Galaxy ETF Fee Slashed in Response to Intense Market...
Ether Could Hit $4,000 With Likely Spot ETH ETF Approval in May: Standard Chartered
30.1.2024
The British bank predicts that the SEC will eventually treat spot ether ETF applications similarly to bitcoin ETFs, putting May 23 as the expected date for an approval
Paypal’s PYUSD Stablecoin Central to Investment in Digital Finance Platform Mesh
30.1.2024
Paypal Ventures, the venture capital division of Paypal, revealed this week its investment in Mesh, a financial technology startup focused on advancing digital payments. The investment entity emphasized that the capital injection was primarily allocated using the firm’s newly introduced...
Bitcoin Price Nears $44K as ETFs See Net Inflows for First Time in a Week
30.1.2024
The 10 spot bitcoin ETFs on Monday experienced their first net inflows in one week, helping to send the price of bitcoin to its highest level since the day after the funds began trading