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Immediate Multiplex Review – Scam or Legitimate Trading Platform
11.1.2024
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content Immediate Multiplex aims to deliver affordable and accessible investment education to its user base, creating a community of well-informed investors. The platform advertises itself as...
Crypto Companies Fined $5.8 Billion In 2023, TradFi Less Than $900 Million
10.1.2024
Source: Pixabay Crypto companies received more fines for poor money controls than traditional financial firms for the first time ever in 2023, according to data compiled by the Financial Times. In fact, the penalties were hardly comparable. Whereas crypto companies lost $5.8 billion for inadequate...
About 10 Fund Companies Preparing to Launch Spot Crypto ETFs in Hong Kong: HashKey Group
10.1.2024
Source: iStock/Onfokus While 13 Bitcoin spot ETFs await approval from the US SEC, the Chief Operating Officer of HashKey Group, Livio Weng, has revealed that about ten fund companies are currently preparing to launch Virtual Asset Spot Exchange-Traded Funds in Hong Kong. Weng said that seven...
FINRA’s 2024 Report Highlights Emergence of Crypto-Related Compliance Risks
10.1.2024
Source: Adobe American self-regulatory body, the Financial Industry Regulatory Authority (FINRA), has added crypto considerations for companies to its annual oversight report, released Tuesday. ???? We've published the 2024 FINRA Annual Regulatory Oversight Report to share key insights...
Honduran City of Prospera Adopts Bitcoin as Unit of Account
9.1.2024
The city of Prospera in Honduras has recently adopted bitcoin as a unit of account, allowing companies to pay taxes and determine obligations in bitcoin. The measure could incentivize the development of a circular economy, given that bitcoin has been legal tender in the city since 2022. Prospera...
Bitcoin Price Crosses Above $45,000 as Final Spot ETF Submission Deadline Ends
8.1.2024
Source: Pixabay The price of Bitcoin continues to rise as the deadline for companies to file S-1 forms for Bitcoin spot ETFs passed this morning. The SEC’s submission deadline of 8am has passed, and all issuers – Hashdex aside – have submitted updated S-1’s, with the exception of Grayscale,...
Bitcoin Rally Provoked by US ETF Launch is ‘Nearly Out of Room to Run’ + More Crypto News
8.1.2024
Source: AdobeStock / Exotic Escape Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: BTC Rally Provoked by US ETF Launch is ‘Nearly Out of Room to Run’ India’s Crypto Companies Are Moving...
Bitcoin-Related Companies Show Pre-Market Gains as BTC Nears $46K
2.1.2024
U.S.-listed companies rode bitcoin's bullish momentum to show significant gains in pre-market trading, including COIN, MSTR, MARA and RIOT
Coinbase ‘Extensively Prepared’ for Spot Bitcoin ETF Approval
1.1.2024
Crypto exchange Coinbase says that it has “extensively prepared” for spot bitcoin exchange-traded fund (ETF) approvals by the U.S. Securities and Exchange Commission (SEC). Most spot bitcoin ETF applicants have named the Nasdaq-listed crypto platform as the custodian for their...
Maelstrom CIO Arthur Hayes Alerts Big Banks Will Eventually Cannibalize Tether’s Business Model
31.12.2023
Arthur Hayes, CIO of Maelstrom and former CEO of Bitmex, discussed the eventual demise of Tether and other stablecoin companies. Hayes explained that Tether’s business model, which consists of taking dollars and investing in treasuries, will eventually be cannibalized by big banks like...
ETF Countdowns, Screaming Buys, Happy New Years and 20 Crypto Jokes
30.12.2023
Source: AdobeStock / Wayhome Studio This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes. __________ This week in crypto: the Bitcoin ETF countdown has begun, representatives from at least seven companies seeking to launch ETFs...
SEC’s Cash Only Restriction for Spot Bitcoin ETF Is Nonsense, Says Vaneck Director
30.12.2023
A director of digital assets strategy at asset management firm Vaneck says the U.S. Securities and Exchange Commission (SEC)’s cash-only requirement for spot bitcoin exchange-traded funds (ETFs) is “nonsense.” He predicted that it would not hold out for long since publicly listed...
India Cracks Down on Offshore Crypto Exchanges — Blocks Binance, 8 Other Platforms
30.12.2023
The Indian government has directed the Ministry of Electronics and Information Technology to bar access to offshore cryptocurrency exchanges deemed illegal within the country. The nine affected crypto platforms include Binance, Kucoin, Huobi, Kraken, and Bitfinex. The Ministry of Finance also...
Argentina’s President Javier Milei Sends Omnibus Bill to Congress, Seeking Legislative Powers
29.12.2023
Argentina’s President Javier Milei has sent a massive new bill to Congress to adopt a scheme of regulations to advance his goal of modernizing the Argentine state. If approved, the bill would allow Milei to legislate by executive order on certain emergency areas and privatize state companies...
HKbitEX Collaborates with Shanghai Technology Exchange for Asset Tokenization Solutions
28.12.2023
  The Hong Kong-based digital asset exchange, HKbitEX, partners with Shanghai Technology Exchange to develop asset tokenization (RWA) solutions for tech companies, supported by China’s Ministry of Science and Technology and Shanghai municipal government. On December 28, in a significant...
Bulgarian Prosecutors Drop Charges Against Crypto Lender Nexo — ‘No Evidence of Criminal Activity’
26.12.2023
The prosecutor’s office for Sofia, the capital city of Bulgaria, has dropped criminal proceedings against crypto lender Nexo. “The team of supervising prosecutors came to the conclusion that there was no evidence of committed crimes,” the authorities stated, adding that crypto...
ZA Bank Supports Over 80 Web3 Companies with Commercial Banking Services
25.12.2023
  Hong Kong-based ZA Bank announced that it has been providing support for over 80 web3 companies since early this year. This is in line with its vision for “Banking for Web3,” which it introduced in April. Among these companies is OKX Hong Kong, and ZA Bank serves as the banking...
Japanese Cabinet Approves Tax Reform Eliminating Unrealized Crypto Gains Tax for Companies
25.12.2023
The Japanese government has approved a tax reform that removes some crypto taxes for corporations and conglomerates. The reform, discussed since early December, removes the unrealized gains taxes on crypto holdings for companies, paving the way for them to hold crypto assets more consistently....
SEC Meets with Seven Bitcoin ETF Applicants as 29 December Deadline Approaches: Reuters
25.12.2023
Source: AdobeStock / Backcountry Media Representatives from at least seven companies seeking to launch exchange-traded funds (ETFs) linked to spot Bitcoin (BTC) have met with officials from the Securities and Exchange Commission (SEC). According to a report by Reuters, the discussions, based...
Central Bank of Nigeria Lifts Crypto Ban Following New SEC Regulation
23.12.2023
Source: AdobeStock / Faraz The Central Bank of Nigeria (CBN) has reversed its ban on dealing with companies involved in digital tokens. According to a report by BusinessDay, the CBN has now instructed lenders to open accounts for crypto firms, marking a reversal of the ban it imposed in 2021. ...