Week in Focus: IG Acquires Freetrade, eToro Eyes Nasdaq Listing, and More
- Among other stories in the spotlight this week: Active DXtrade SaaS accounts tripled to 1 Million; a new report shows that copy trading generated up to 20% of brokerages' trading volume in the last couple of years.
- Elsewhere, BitMEX settled a longstanding dispute with a $100 million fine, while Robinhood was fined $45 Million for recordkeeping failures.
Saturday, 18/01/2025 | 04:00 GMT by
Jared Kirui
Germany’s Boerse Stuttgart Digital Secures MiCA Approval for EU Crypto Expansion
- The MiCA license enables Boerse Stuttgart Digital to expand its crypto services across all 27 EU member states.
- The license aligns with the MiCA regulations introduced in late 2024, which simplify the licensing process.
Friday, 17/01/2025 | 15:25 GMT by
Jared Kirui
Why Ripple (XRP) is Going Up Today: Price Nears 2018 All-Time High
- XRP experienced a significant increase in high-value transactions, with 2,365 transactions reportedly exceeding $100,000 recorded in an eight-hour period.
- The token shows bullish momentum amid expectations of favorable policy changes under the new US administration.
Friday, 17/01/2025 | 14:13 GMT by
Jared Kirui
South Korea's Crypto Exchange Upbit Faces Suspension Over KYC Violations
- Authorities also allege that Upbit violated regulations prohibiting transactions with unregistered foreign cryptocurrency service providers.
- The exchange's license renewal is also under review, with the FIU expected to finalize its decision this month.
Thursday, 16/01/2025 | 21:02 GMT by
Jared Kirui
eToro Files for Nasdaq Listing with $5B IPO Valuation: Report
- According to the Financial Times, the company is making another attempt at the IPO, potentially joining Coinbase and Robinhood.
- In a comment on LinkedIn, eToro’s CEO, Yoni Assia, said: “Hey Nasdaq, nice to see you today.”
Thursday, 16/01/2025 | 17:01 GMT by
Jared Kirui
Coinbase Expands US Services with Bitcoin-Backed Loans of Up to $100K
- This service allows users to access liquidity without selling their crypto assets.
- The exchange has now integrated Morpho's lending capabilities into its app to enhance the loan process for users.
Thursday, 16/01/2025 | 16:26 GMT by
Jared Kirui
BitMEX Settles Long-Running Legal Dispute with $100 Million Fine
- The exchange admitted guilt in 2022 for failing to implement adequate Anti-Money Laundering (AML) protocols.
- Its minimal customer verification process, which required only email addresses, was criticized by the US Attorney’s office.
Wednesday, 15/01/2025 | 20:54 GMT by
Jared Kirui
Bitcoin, Ethereum, and XRP Rise as UK Names New Economic Secretary for Crypto
- XRP is leading the rebound with a 27% increase in the past week.
- The positive sentiment comes as the UK appoints Emma Reynolds as the new Economic Secretary for crypto and CBDCs.
Wednesday, 15/01/2025 | 19:42 GMT by
Jared Kirui
Airwallex Targets Latin America with MexPago Acquisition and Brazil License
- The firm's focus in Brazil is on the B2B payment market, aiming to enhance cross-border business transactions.
- Its acquisition of MexPago also targets Mexico's rising demand for cross-border payment solutions.
Wednesday, 15/01/2025 | 16:31 GMT by
Jared Kirui
Why Dogecoin (DOGE) is Rising: Memecoins Lead Crypto Rebound
- Besides DOGE, other meme coins, including Shiba Inu, Floki, and Pepe, also saw notable gains.
- Elon Musk's recent comments, including DOGE-related references, indirectly supported price resurgence.
Tuesday, 14/01/2025 | 21:28 GMT by
Jared Kirui
TopFX Exec Roula Pelehrinis Joins Advanced Markets as VP of Institutional Sales for EMEA
- Pelehrinis brings extensive experience in the FX industry, having held significant roles at ZuluTrade, iForex, Integral, and IronFX.
- She will lead the global sales strategy, focusing on business development and strengthening client relationships.
Tuesday, 14/01/2025 | 18:21 GMT by
Jared Kirui
IG Group's Global Service Center Head Tomasz Horaček Departs
- Horaček reportedly oversaw IG Group's service centers, which employ nearly half of the company's global workforce.
- His career spans prior experience at prominent firms such as State Street, HSBC, and Capgemini.
Tuesday, 14/01/2025 | 14:55 GMT by
Jared Kirui
Coinbase Secures Partial Legal Win in Crypto Rules Fight with SEC
- The court stopped short of requiring the SEC to develop specific crypto rules, emphasizing the need when digital assets qualify as securities.
- Elsewhere, Gemini Trust Company LLC was fined $5 million for providing false or misleading information to the CFTC.
Monday, 13/01/2025 | 20:36 GMT by
Jared Kirui
Why Is Ethereum (ETH) Down? Price Drops Below Key Level amid Rising Supply
- The recent downturn is attributed to an increase in Ethereum's supply, reversing the deflationary environment.
- Ethereum has fallen below the $3,087 support level, reflecting the bearish sentiment in the crypto space.
Monday, 13/01/2025 | 17:31 GMT by
Jared Kirui
Trading 212 Starts Onboarding New Users in Germany Through Acquired FXFlat Bank
- The offering includes access to shares and ETFs from global exchanges, including Xetra, NASDAQ, and NYSE.
- It promises zero-commission trading by allowing investors to access global markets without traditional fees.
Monday, 13/01/2025 | 14:54 GMT by
Jared Kirui
Bitcoin Price Prediction: Price Falls Below $91K as Mining Difficulty Hits New High
- Historical data shows that prolonged increases in difficulty often coincide with significant market movements.
- BTC network's mining difficulty has reached an all-time high of 110.45 trillion, reportedly marking the eighth consecutive increase.
Monday, 13/01/2025 | 13:58 GMT by
Jared Kirui
Weekly Roundup: XTB Eyes Super App, Coinbase acquires BUX's Cyprus unit
- Also this week: Kazakhstan blocks over 3,500 crypto exchanges, FTX EU creates drama.
- And if you were wondering what happened to your prop account, you might find a creative explanation inside.
Saturday, 11/01/2025 | 03:00 GMT by
Jared Kirui
Kenya Drafts Policy to Legalize Cryptocurrencies, Expand Digital Economy
- The country seeks to leverage its success with mobile money platforms like M-Pesa positions to promote blockchain technology.
- Treasury Cabinet Secretary John Mbadi highlighted the appeal of cryptocurrencies for cross-border transactions and investments.
Friday, 10/01/2025 | 20:54 GMT by
Jared Kirui
How High Can Cardano (ADA) Go? Price Bounces Back amid Surging Trading Volume
- ADA has recovered 4% in the daily chart despite a 14% decline over the past week.
- The price is nearing the $0.8455 support level, which, if breached, could lead to further downward momentum.
Friday, 10/01/2025 | 14:38 GMT by
Jared Kirui
From Rags to Riches to Trash: Court Ends £598m Bitcoin Treasure Hunt
- James Howells has made multiple attempts to recover the hard drive from a Newport landfill, but his efforts have been consistently blocked.
- Despite offering to share a portion of the Bitcoin proceeds to benefit the local community, the council has repeatedly ignored his proposals.
Thursday, 09/01/2025 | 20:35 GMT by
Jared Kirui
From $73K to $100K: How Bitcoin Became the Ultimate Millionaire Maker
- Finbold's research showed that an average of 154 new Bitcoin wallets holding over $1 million were created daily in last year's crypto boom.
- Political events, including Donald Trump's re-election, reportedly added 11,000 new Bitcoin millionaire wallets.
Thursday, 09/01/2025 | 18:50 GMT by
Jared Kirui
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