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CryptoQuant Projects $56,000 as Next Target For Bitcoin Price Following ETF Inflows
15.2.2024
CryptoQuant analysts expect Bitcoin (BTC) to soar above $56,000 as its next significant price level after moving past $50,000. New market research from on-chain analytics firm CryptoQuant shows massive inflows into the digital asset market in the past weeks as institutional investor confidence...
Nexo Partners With Sift for Enhanced Digital Asset Fraud Protection
15.2.2024
The digital asset firm Nexo has announced its partnership with Sift, aiming to upgrade its fraud prevention mechanisms. The collaboration between the duo is expected to streamline and secure the user experience for Nexo’s customer base, which exceeds six million globally. Nexo to Leverage...
Deutsche Börse Group’s Crypto Subsidiary Granted Four Licenses by the German Regulator
15.2.2024
A subsidiary of the German multinational company Deutsche Börse Group has been granted four licenses by the German Federal Financial Supervisory Authority or Bafin. The licensing of the subsidiary helps to distinguish its product offering “as one of the few to meet these exceptionally high...
Bitcoin Long-Term Holders Spend 300k BTC Amid Multi-Year Highs, Losses Thin Out
14.2.2024
Almost all Bitcoin long-term holders are back in the black this week after the leading digital asset resurged above $50,000 on Monday for the first time since December 2021. That’s despite a major market pullback last month following the launch of several Bitcoin spot ETFs, characterized by many...
Chamber of Digital Commerce Backs Hermés in Landmark “MetaBirkins” Case
13.2.2024
Blockchain and digital asset trade association, the Chamber of Digital Commerce (CDC), filed an amicus curiae brief on February 9 in support of French design house Hermès in the company’s landmark MetaBirkins case. Here’s why it matters: Hermés, designer of the legendary Birkin bag,...
Ripple to Acquire Standard Custody to Strengthen Regulatory Licenses Portfolio
13.2.2024
Ripple has announced a deal to acquire the New York-based digital asset platform Standard Custody and Trust Company, pending regulatory approval. Once the acquisition is finalized, Ripple will become the sole shareholder of Standard Custody, leveraging its limited-purpose trust charter and money...
CoinShares Records $42 Million Revenue in Q4 2023 – Crypto Adoption Rising?
13.2.2024
Digital assets management firm CoinShares reported $42 million in revenues and gains in the last quarter of 2023 following a positive swing in the market. The company disclosed the recent financial statements in its Q4 2023 report, showing an increase in year-on-year performance and adoption...
Deutsche Börse’s Subsidiary Crypto Finance Gets BaFin License
13.2.2024
BaFin, Germany’s financial regulator, has issued four licenses to Crypto Finance, a firm operated by leading stock exchange Deutsche Börse. The key licenses will allow Crypto Finance to carry out regulated digital asset trading, settlement, and custody services in Germany. The Swiss Financial...
Blockchain Association Warns Warren’s Anti-Crypto Legislation Threatens US Jobs and Strategic Advantage
13.2.2024
The Blockchain Association has sent a second letter to the House Financial Services Committee and Senate Banking Committee expressing concerns over a bill sponsored by Senator Elizabeth Warren. The legislation, titled the Digital Asset Anti-Money Laundering Act of 2023 (DAAMLA), has garnered...
Digital Asset Investment Funds Record $1.1 Billion Inflows as AUM Taps $59 Billion
12.2.2024
Digital asset investment products recorded $1.1 billion in inflows in the last seven days following a price uptick in the market. A new CoinShares Digital Asset Funds Flow Weekly Report shows a positive swing in cryptocurrency products for another week as crypto prices record massive weekly gains....
OpenEX’s Long Testnet Launches Digital Asset Trading Revolution
12.2.2024
OpenEx is gearing up to unveil its Long test network, which will serve as an indicator of the platform’s progress in the realm of digital asset trading. The Chinese dragon serves as inspiration for the name Long. This serves as OpenEx’s homage to the Chinese Long Year. The conventional...
Expert Calls for Full Cryptocurrency Regulation in Nigeria to Mitigate Digital Asset-Related Financial Crimes
12.2.2024
Nigeria must fully regulate crypto activities if it wants to curb financial crimes associated with digital assets, a forensic expert has said. The co-founder of A&D Forensics also called on Nigeria to enact laws that would mandate banks to vet service providers before granting them account...
Tom Brady NFT Fetches $40K as Super Bowl Legends Hype Digital Collectibles
11.2.2024
The NFL All Day digital collectibles brand, developed by Dapper Labs, entered Super Bowl weekend with a surge of momentum. The sports-themed, digital-collectible brand issued promotional packs of NFTs during the NFL playoffs in January, resulting in several high-profile sales. Notably,...
Kenya Advances Toward Digital Asset Hub Ambition With Virtual Assets Bill – Kenya Blockchain Association
9.2.2024
The Blockchain Association of Kenya (BAK) is reportedly on the verge of launching a community-led draft bill, a significant stride towards its objective of transforming Kenya into a hub for digital assets. BAK has expressed its intention to integrate feedback from stakeholders into a revised draft....
Thailand Abolishes Value-Added Tax Previously Applicable on Digital Asset Trades
9.2.2024
The Thailand Finance Ministry has announced the removal of the previously applicable value-added tax on digital asset trading. This exemption, which took effect on Jan. 1, 2024, extends to regulated brokers, dealers, and authorized cryptocurrency exchanges. VAT Exemption to Bolster Thailand’s...
SUI Records All-Time Peak with 98% Monthly TVL Jump: Render Competitor Gains Attention in Crypto World
8.2.2024
Sui (SUI) is one of the best altcoins to invest in right now, as it recently surpassed a major milestone when tokens set a new high at $1.65. That takes its price growth in the past month to 88%, with its total locked value increasing by 98%. Sui’s ecosystem aims to make digital asset ownership...
Digital Asset Spot Trading Volumes Rise for the Fourth Consecutive Month + More Crypto News
8.2.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s edition: Digital Asset Spot Volumes Rise for the Fourth Consecutive Month Paxos Adopts Chainlink’s PayPal USD Price Feed The Hashgraph Association...
Spot Trading Volumes Hit $1.4 Trillion as Exchanges Record Growth In Fourth Consecutive Month
8.2.2024
Digital asset spot trading volumes continued on a steady rise in January on the back of a spot Bitcoin (BTC) ETF approval by the United States Securities and Exchange Commission (SEC). A new CCData market report shows an increase in market activity as ETF participants notch inflows and traders...
Bridgetower Capital and Deus X Capital Launch $250 Million Digital Asset Platform in UAE
8.2.2024
Bridgetower Middle East, established by Bridgetower Capital and Deus X Capital, launched a digital asset platform in Abu Dhabi to cater to institutional investors in the UAE and Middle East. Arabian Business reported the establishment of Bridgetower ME, a joint venture between Bridgetower Capital...
US Lawmakers Press Treasury Secretary Janet Yellen on Crypto Oversight Gaps
8.2.2024
Four U.S. lawmakers have pressed Treasury Secretary Janet Yellen regarding crypto oversight gaps. The Financial Stability Oversight Council (FSOC), which Yellen chairs, has issued “repeated warnings about the lack of oversight of the digital asset markets,” the lawmakers detailed...