crypto
This Megabank Doubles Down on Crypto with EU Hub Launch
- Standard Chartered has secured a digital asset custody license in Luxembourg, establishing its EU regulatory entry point under MiCA.
- The bank appointed former Société Générale executive Laurent Marochini as CEO of the Luxembourg entity.
Thursday, 09/01/2025 | 11:15 GMT by
Damian Chmiel
Cross-Chain Bridges Struggle to Address Liquidity and Security in Blockchain Ecosystem
- With DeFi’s TVL surpassing $125 billion, the UPR addresses liquidity fragmentation between blockchains.
- Kima’s protocol supports applications such as cross-border transfers and Web3 gaming, improving blockchain interoperability.
Tuesday, 07/01/2025 | 12:14 GMT by
Ariel Shapira
Fallen Crypto Exchange FTX EU Has a New Owner, but License Remains Suspended
- Backpack has acquired FTX EU, gaining a MiFID II authorization for European operations via CySEC.
- However, according to the Cypriot regulator's decision, the collapsed exchange license will be suspended until at least May 30, 2025.
Tuesday, 07/01/2025 | 08:00 GMT by
Damian Chmiel
MicroStrategy Expands Bitcoin Portfolio to 447K amid Post-Holiday $100K Surge
- The firm has acquired 1,070 Bitcoin for $101 million at an average cost of $62,503 per Bitcoin.
- After finding support at 91K, Bitcoin broke above 100K, signaling a bullish breakout on intraday charts.
Monday, 06/01/2025 | 17:32 GMT by
Tareq Sikder
Ripple's XRP Ledger Integration Could Boost Market Cap by $64 Billion in Japan
- XRP's integration into Japan's $6.37 trillion banking sector could impact its market performance.
- Projections show XRP’s price could reach $3.50 with 1% adoption, or $13.48 with 10% adoption.
Monday, 06/01/2025 | 14:11 GMT by
Tareq Sikder
Happy Birthday Bitcoin: From Pizza to $100K in 16 Years
- Notable events include the first Bitcoin ATM in 2013, El Salvador's adoption in 2021, and its rise from $0.0009 to 100K.
- Bitcoin reached $1 in 2011, $10 soon after, $30 within the year, and surpassed $1,000 by 2013.
Friday, 03/01/2025 | 10:28 GMT by
Tareq Sikder
Bybit Ends $150 Million Sponsorship as Red Bull Faces Shifts for 2025
- Sergio Perez’s contract with Red Bull ends after the 2024 season, with Liam Lawson replacing him for 2025.
- The Securities Commission of Malaysia recently directed the exchange to halt its operations in the country.
Thursday, 02/01/2025 | 16:24 GMT by
Tareq Sikder
CySEC Outlines Transitional Rules for Crypto-Asset Service Providers Under MiCA
- The regulator allows CASPs operating before 30 Dec 2024 to continue services until 1 July 2026 or MiCA authorization.
- CASPs must submit evidence of compliance with national rules to CySEC by 10 Jan 2025.
Tuesday, 31/12/2024 | 09:58 GMT by
Tareq Sikder
Why Is Bitcoin Falling? Price Tumbles 16% from Monthly High Before New Year
- BTC is facing profit-taking by long-term holders who have benefited from its price surge this year.
- Macroeconomic uncertainty, particularly regarding the Federal Reserve’s interest rate policy, is also to blame.
Monday, 30/12/2024 | 18:49 GMT by
Jared Kirui
Crypto Sees Second-Best Year Ever: 2024 Trading Hits $18.4 Trillion
- AltIndex’s report showed that this growth was driven by Bitcoin's rally, spot ETF approvals, increased DeFi activities, and regulatory clarity in key regions.
- Binance dominated the market by reportedly processing 40% of all crypto trades with $7.7 trillion in trading volume.
Monday, 30/12/2024 | 12:48 GMT by
Jared Kirui
Hong Kong Bitcoin ETF Proposal: Legislator Suggests Potential for Financial Stability
- The country plans crypto regulations based on a “same business, same risks, same rules” approach.
- China holds 190K Bitcoin, the second-largest after the U.S., with Hong Kong considering it for its reserves.
Monday, 30/12/2024 | 12:38 GMT by
Tareq Sikder
Ripple XRP Sees 250% Growth over Three Months with $8 Price Forecast
- The digital asset currently holds a 2% market dominance, with a market cap of $125 billion.
- The coin is trading at $2.20, up 52% in the last month, with a daily trading volume of over $5.60 billion.
Friday, 27/12/2024 | 14:08 GMT by
Tareq Sikder
South Korea's 102 Trillion Won Crypto Market Engages 30% of Population
- The country's cryptocurrency investor count hits 15.6 million, a 610,000 increase in November.
- Crypto transaction volume in Korea now rivals the domestic stock market's combined volume.
Wednesday, 25/12/2024 | 11:03 GMT by
Tareq Sikder
Russia Bans Crypto Mining in 10 Regions for 6 Years Following Putin's Signed Law
- The restrictions follow laws signed by the Russian president in August and October 2024.
- Seasonal mining restrictions will be imposed in three Siberian regions during energy peaks.
Tuesday, 24/12/2024 | 14:20 GMT by
Tareq Sikder
"Momentum of US Crypto Regulation Is Now Palpable": Crossover Markets' Brandon Mulvihill
- Finance Magnates recently spoke with Brandon Mulvihill, Co-Founder and CEO of Crossover Markets, during the FMLS:24.
- Watch the whole interview in the video inside the article.
Monday, 23/12/2024 | 14:26 GMT by
Tareq Sikder
Why Is Crypto Down Today? Bitcoin, Ethereum, Dogecoin and XRP Are Crashing
- Bitcoin, Ethereum, and XRP crash as Fed's hawkish stance triggers $3.3T crypto market sell-off.
- Crypto liquidations hit $300M as BTC drops below $94K, ETH falls to $3.3K amid Fed policy impact.
- Major altcoins face steep declines: XRP tests $2.20 support, DOGE plunges 21% to $0.31 level.
Monday, 23/12/2024 | 10:41 GMT by
Damian Chmiel
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}