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South Korea Upholds Crypto ETF Ban Amid Country’s Rising Bitcoin Premiums
11.1.2024
South Korea persists in its stance against allowing financial institutions to invest in digital currencies, effectively blocking the launch of any crypto exchange-traded fund (ETF) within its borders. A representative from the Financial Services Commission (FSC) clarified to local journalists that...
Stablecoin Issuer Circle Plans to Go Public, Files Confidentially With US Securities Regulator
11.1.2024
Circle Internet Financial, a fintech company and issuer of the stablecoin usd coin, has disclosed its move toward an initial public offering (IPO). The firm revealed that it has confidentially submitted a Form S-1 with the U.S. Securities and Exchange Commission (SEC). This strategic step by Circle...
After Spot Bitcoin ETPs approval, Gary Gensler issues a statement
11.1.2024
The SEC Chair, Gary Gensler, has issued a public statement after approving some of the Spot Bitcoin ETP applications. He has clarified that all their actions have been within the legal framework and the interpretations that courts have made within those frameworks. Gary has further highlighted that...
Cryptocurrency and Taxes: A Guide for the 2023-2024 US Tax Season
11.1.2024
Source: AdobeStock / Nuthawut If one thing in life is certain, it’s that we all have to pay taxes. Therefore, it’s important for cryptocurrency holders and investors to understand everything involved when it comes to crypto and taxes. This is becoming even more critical as digital assets gain...
PYUSD’s 30-Day Surge of 72% Vaults Paypal’s Offering Into USD Stablecoin Top Ten
11.1.2024
Over the last month, the supply of Paypal’s PYUSD stablecoin has seen a substantial increase, surging by over 72% from 167.83 million to 289.43 million PYUSD. This significant growth has propelled the payment behemoth’s dollar-linked digital currency to become the tenth largest among...
Web3 Fundraising Fell 70% Per Quarter Last Year, Female Startups Receive 6.3%: Bitget
11.1.2024
Source: AdobeStock / Rafael Henrique Cryptocurrency exchange Bitget has released a report on blockchain funding across 2022 and 2023 highlighting the latest trends including gender disparities in the present VC ecosystem. In a Jan 11 release, the exchange revealed that blockchain startups have...
British Actor Who Posed as HyperVerse CEO Apologises, Says He Was Not Aware of the Scam
11.1.2024
Source: a video screenshot, DST NATIONAL CHANNEL / YouTube Stephen Harrison, a British actor based in Thailand, has publicly apologized for his involvement in the HyperVerse cryptocurrency scandal. Harrison, who was paid to impersonate the CEO of the now-defunct crypto scheme, claims he was unaware...
Proactive Reforms: Lithuania Intends to Refine Crypto Landscape Ahead of MiCA Rollout
11.1.2024
In order to manage the emerging risks before the entry into application of the European Markets in Crypto Assets Regulation (MiCA), Lithuania intends to reinforce its national cryptocurrency regulation. We discussed the key points and consequences with legal experts from Gofaizen & Sherle...
Hong Kong’s shot at claiming the majority field of virtual assets
11.1.2024
Hong Kong woke up to the news about the US SEC approving Spot Bitcoin ETF applications. This has paved the way for more formal investment proposals by traders, irrespective of their experience. The news about the approval of Bitcoin ETF applications has sparked the keen interest of a notable...
SEC Commissioner Expresses Concerns Over Spot Bitcoin ETF Despite Voting in Favor of the Approvals
11.1.2024
Source: Pixabay SEC Commissioner Mark Uyeda, while voting in favor of these landmark approvals, has publicly voiced reservations regarding the decision-making process adopted by the commission. On Wednesday, the United States Securities and Exchange Commission (SEC) greenlit the establishment of...
Community speculates the next move after Bitcoin ETF approval
11.1.2024
The US Securities and Exchange Commission has approved applications for Spot Bitcoin ETF. It is only on Thursday that the product will go live on registered national exchanges. The community had been waiting for the moment for a long time, and the approval process in itself was nearly a month-long...
Here is how India’s FIU ban will affect your crypto investment
11.1.2024
The Indian government recently issued a notice against nine crypto exchanges in India. After the notice, the Apple India app store removed Binance and other exchanges from its store. The nine names included Huobi, Binance, KuCoin, Gate.io, Bitstamp, Bitfenex, MEXC Global, Kraken, and Bittrex....
Skybridge Capital’s Anthony Scaramucci States Biden’s Anti Crypto Policies Will Cost Him the Election
11.1.2024
Anthony Scaramucci, founder of Skybridge Capital, a private global investment firm, believes that the anti-crypto policies brought by the Biden administration might affect the outcome of the upcoming elections. He states that 52 million Americans, representing 20% of the voting population...
Hong Kong Lawmaker Urges Government to Follow US in Approving Spot Bitcoin ETFs
11.1.2024
Source: Pixabay In the wake of the United States’ approval of spot Bitcoin ETFs, a lawmaker in Hong Kong has called on the local government to swiftly follow suit and position the city as a leader in the cryptocurrency space. Johnny Ng, a member of the Hong Kong Legislative Council...
RBI Governor Remains Critical of Crypto, Says World Can Not Take Crypto Mania Like Tulip Mania
11.1.2024
Source: X / @FinMinIndia The governor of the Reserve Bank of India, Shaktikanta Das, has reiterated the central bank’s negative stance on crypto. He said that the RBI’s position on cryptocurrency remains unchanged. “Traveling down that path will create huge risks. I don’t think...
Binance Spot Market Share Spiked First Time in Months as BTC Futures Products Rise: CCData
11.1.2024
Source: Adobe The cryptocurrency market recorded massive gains towards the end of 2023 in several areas as the uptick in asset prices was seen in centralized exchange numbers, institutional funds, and decentralized applications (dApps). A Jan 10 market report by cryptocurrency research firm CCData...
CoinGecko Faces Brief Compromise as Phishing Scam Targets X Account, Warns Users Against Suspicious Links
11.1.2024
Source: AdobeStock / Sergey Nivens Cryptocurrency data aggregator CoinGecko experienced a security breach when their account fell victim to a phishing attack. During a brief period on January 10, a phishing scam link was posted on their X account, falsely informing users of a CoinGecko token...
Social Media Platform X Halts NFT Profile Service, Stirring Mixed Reactions in Crypto Sphere
11.1.2024
The social media platform X has discontinued its non-fungible token (NFT) profile picture service, a feature introduced just last year in January 2022. The crypto community’s response to this move has been notable, with Kraken’s founder, Jesse Powell, labeling it as “a step...
Coinbase Report Analyzes 2024 Bitcoin Halving and Ethereum’s Cancun Upgrade Impact
11.1.2024
Coinbase’s recent 2024 Market Outlook report was followed by a fresh analysis from its institutional arm, focusing on the pivotal market happenings linked to two leading cryptocurrencies: bitcoin and ethereum. This new report, titled “Q1 2024 Guide to Crypto Markets”...
US Spot Bitcoin ETF Approved, UK Unlikely to Follow Suit
11.1.2024
Over the years, the FCA has repeatedly flagged concerns about the extreme volatility of crypto assets It’s a historic moment for the cryptocurrency market as the US Securities and Exchange Commission (SEC) finally approved eleven spot Bitcoin ETFs. Crypto enthusiasts around the world are looking...