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Luetkemeyer’s Exit Sets Up Potentially Crypto-Friendly Turn in House Banking Committee
8.1.2024
Rep. Blaine Luetkemeyer’s retirement at the end of 2024 opens the door for a new era in cryptocurrency regulation, with Rep. French Hill (R-Ark.) poised to lead the charge in the House Financial Services Committee. Shift in House Financial Services Committee Leadership Could Lead to More...
Bitcoin Price Prediction as BTC Achieves 20-Month High Above $47K – Can It Break Past $50,000 Soon?
8.1.2024
Bitcoin, the flagship cryptocurrency, has recently soared above the $47,000 mark, reaching a 20-month high, amidst growing investor optimism. This remarkable rally is largely driven by the buzz around the anticipated approval of Exchange-Traded Funds (ETFs) by financial giants such as BlackRock...
Vitalik Buterin’s Advice on Prudent Investing Draws Skepticism Among Crypto Investors
8.1.2024
Source: Pixabay Ethereum co-founder Vitalik Buterin responded “awful advice” to a post on X that warned investors not to diversify their portfolios. Commenting on the post, Buterin offered practical financial advice, stressing the value of diversification. In his guide to prudent investing,...
Honduras SEZ Recognizes Bitcoin as Unit of Account to Further Financial Freedom
8.1.2024
Source: Pixabay Honduras’ Roatan Island special economic zone (SEZ) – Próspera ZEDE – has officially recognized Bitcoin (BTC) as a unit of account for various financial transactions. BREAKING: ???????? Honduras' special economic zone Prospera recognises #Bitcoin as a unit of account! This...
Consortium of Nigerian Banks and Fintechs Cleared to Pilot Stablecoin
7.1.2024
The Nigerian central bank has given its go-ahead for the Africa Stablecoin Consortium (ASC) to pilot its cNGN stablecoin initiative in the financial regulator’s regulatory sandbox. The ASC asserts that the cNGN stablecoin can prove to be vital not only for the country’s payment rails but...
Prohibition of Cash Withdrawals From VASPs Operated Accounts May Contradict Central Bank’s Cashless Policy — Nigerian Lawyer
7.1.2024
Nigerian fintech lawyer Senator Ihenyen said the new central bank guidelines which bar the withdrawal of cash from accounts operated by virtual asset service providers (VASPs) seem “reasonable and understandable.” The lawyer however believes an “outright” prohibition of cash...
Concerns Mount Over Potential SEC Rejection of Spot Bitcoin ETFs, Analyst Weighs In
7.1.2024
The possibility of the U.S. Securities and Exchange Commission (SEC) rejecting spot bitcoin exchange-traded funds (ETFs) became a concern after financial watchdog group Better Markets called on the securities regulator to reject spot bitcoin ETFs, warning that approvals will lead...
Watchdog Group Warns SEC: Reject Spot Bitcoin ETFs or Face ‘Financial Carnage’
6.1.2024
Financial watchdog group Better Markets has called on the U.S. Securities and Exchange Commission (SEC) to reject spot bitcoin exchange-traded funds (ETFs), warning that they “will inflict massive investor harm.” The organization features U.S. Senator Elizabeth Warren’s...
Bankruptcy Move: FTX Ventures Cuts Deal with Dave for $100 Million Stake
6.1.2024
Source: Sora Shimazaki / Pexels Dave, a fintech firm specializing in financial services through its mobile application, is set to acquire a $100-million convertible promissory note previously issued to FTX Ventures, the venture capital arm of bankrupt crypto exchange FTX. The deal involves Dave...
Nasdaq-Listed Bitcoin Miner Cleanspark to Launch in-House Trading Desk, CEO States It ‘Makes Financial Sense’
6.1.2024
Cleanspark, a Nasdaq-listed Bitcoin mining company, has announced that it will launch an in-house trading desk to maximize the return on its cryptocurrency holdings. Cleanspark CEO Zachary Bradford explained that organizing their trading desk made “financial sense,” given the high...
Crypto Giant Coinbase to Enhance EU Presence with Key Derivatives Acquisition
6.1.2024
Source: Adobe / Rafael Henrique Coinbase has revealed plans to offer crypto-linked derivatives in the European Union (EU) market. The company has reportedly told CNBC that it has entered into an agreement to acquire an unnamed holding company, which holds a MiFID II license. MiFID II,...
Crypto Firms Across the UK Begin to Roll Out Risk Assesments Ahead of Monday Deadline
5.1.2024
A number of cryptocurrency firms operating in the U.K. are rolling risk assessments ahead of new rules set out by the Financial Conduct Authority (FCA) expected to begin on Monday, January 8th. Key players take action So far, key crypto players such as Coinbase, Gemini, and OKX have all implemented...
Bitcoin Price Prediction as BTC Recovers to $43,000 – Is $50,000 in Sight?
5.1.2024
In the ever-evolving world of cryptocurrencies, Bitcoin (BTC/USD) stands out, marking significant strides in the global financial scene. As of January 5th, Bitcoin’s recovery is evident with its price soaring to an impressive $44,900, a notable 2.5% increase in just 24 hours. This remarkable...
South Korean Tax Accountant: Digital Assets Held in Non-Custodial Wallets Not Subject to Overseas Reporting Requirement
5.1.2024
South Koreans with digital assets held in non-custodial or decentralized crypto wallets like Metamask or Ledger are reportedly not subject to the country’s overseas financial account reporting requirement. According to a South Korean tax accountant, only virtual assets held on overseas centralized...
Financial Advisors Skeptical About 2024 Spot Bitcoin ETF Approval, Survey Finds
5.1.2024
Source: Adobe / Mangostar A new survey from digital asset management firms Bitwise and ETF data provider VettaFi has revealed a notable disparity in expectations among financial advisors regarding the approval of a spot Bitcoin ETF in 2024. While the survey indicated persistent client interest...
Vocal XRP Advocate John Deaton Volunteers to Testify at Crypto Hearing
5.1.2024
Source: Pixabay Renowned crypto lawyer John Deaton has volunteered to testify at a congressional hearing on cryptocurrencies scheduled for January 10. On Thursday, Deaton took to X (formerly Twitter), expressing his willingness to represent the interests of several individual token holders....
Nigeria’s Central Bank Rolls Out Regulations For Financial Institutions Dealing with VASPs
4.1.2024
Source: AdobeStock The Central Bank of Nigeria (CBN) has issued new regulations to guide banks and other financial institutions that offer domestic accounts for virtual assets service providers (VASPs). In an official circular released on its website on Jan 3, the country’s leading banking...
South Korea Regulator Seeks Ban on Crypto Purchases With Credit Cards
4.1.2024
The Financial Services Commission cited concerns "about illegal outflow of domestic funds overseas due to card payments on overseas virtual asset exchanges."
Crypto for Advisors: Digital Assets in 2024
4.1.2024
Are you ready to talk about crypto investing with your clients? CoinDesk’s Kim Greenberg collaborated with Adam Blumberg and DJ Windle to provide a guide to getting “Digital Asset Ready” as this year is sure to be interesting
Exness marks 15 years in the financial markets
4.1.2024
Exness, a multi-asset broker, recently completed 15 years in the financial markets. The celebrations were done in Cyprus by bringing together a group of partners, employees, and privileged clients. The company is known to offer a wide range of instruments, including, but not limited to, Forex...