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CryptoCurrency
Xapo Brings Bitcoin Banking to The UK, Offering Crypto-Fiat Product
2024-08-05T12:00:00.000+02:00
The digital bank is the first to offer combined interest-bearing USD and Bitcoin account.
Over the course of 10 years, the company has evolved from a crypto wallet to a licensed bank.
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CryptoCurrency
Bitcoin Miner Marathon Shares Drop 8%: $138 Million Penalty and Revenue Challenges
2024-08-02T16:54:35.871+02:00
The company’s revenue of $145 million missed the expected $158 million.
The firm breached a contract with Michael Ho, Marathon's mining strategy developer.
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CryptoCurrency
AMF Begins Accepting Crypto-Asset Service Provider Applications Ahead of MiCA
2024-08-02T16:20:07.381+02:00
From 30 December 2024, EU crypto-asset services will require MiCA authorization.
Existing French providers have until 30 June 2026 to transition to MiCA.
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Brokers
Futu Begins Bitcoin and Ether Trading amid Hong Kong’s Push for Crypto Hub
2024-08-01T14:22:54.088+02:00
The firm is seeking a crypto exchange license for its new platform, PantherTrade.
Tiger Brokers started offering crypto trading in May after a license upgrade.
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CryptoCurrency
ESMA Warns on Non-EU Crypto Venues: NCAs to Monitor MiCA Compliance
2024-07-31T16:42:19.611+02:00
The regulator stresses Case-by-Case assessments for firms, highlighting MiCA execution.
Non-EU venues could harm protection and create an uneven landscape with EU venues.
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Retail FX
Another Prop Firm, This Time Crypto-Focused, Enters the Futures Market
2024-07-31T10:32:55.898+02:00
Crypto Fund Trader will launch a digital asset futures trading platform on August 1.
It's the first trader-funded firm (TFF) to offer a challenge based solely on digital tokens.
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Retail FX
Bybit Rolls Out MetaTrader 5 for Crypto, Forex, and CFDs in August
2024-07-29T15:35:37.954+02:00
No minimum deposit is required; deposits will be credited automatically to the Funding Account.
Once launched in August, the MT5 Account will support deposits only in USDT.
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CryptoCurrency
Bitget Wallet Ranks Second in Japan’s Web3 Market: Sees 34% User Growth
2024-07-29T15:05:11.010+02:00
The Wallet's Swap feature spans 50 blockchains and offers gas rebates.
The Bitget Onchain Layer is being developed with support from a $10 million fund.
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CryptoCurrency
FINMA Issues Guidance on Stablecoin Risks and Default Guarantees
2024-07-26T12:55:02.318+02:00
Increased risks with stablecoins includes money laundering and reputational issues.
Some issuers avoid banking licenses by using bank guarantees, which raises risks.
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CryptoCurrency
3rd Largest Bitcoin Miner on Wall Street Acquires Crypto Competitor for $93 Million
2024-07-25T12:40:44.577+02:00
Riot Platforms purchased Block Mining this week after an unsuccessful attempt to acquire Bitfarms.
The BTC producer increased their potential power capacity to 2 gigawatts.
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CryptoCurrency
FCA Penalizes Coinbase's CBPL £3.5 Million for Violating High-Risk Customer Restrictions
2024-07-25T11:37:36.712+02:00
Despite a voluntary requirement, CBPL onboarded 13,416 high-risk clients.
This is the FCA's first enforcement action under the Electronic Money Regulations 2011.
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CryptoCurrency
Ethereum ETFs Reach $1B, Post 23% of Bitcoin Day-One Volume in US Debut
2024-07-24T09:26:41.737+02:00
After many months of waiting, ETH exchange-traded funds have reached the hands of investors.
BlackRock and Bitwise lead new entrants as Grayscale's converted trust sees significant outflows.
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Executive Moves
Exclusive: Ex-UBS Expert Joins Crypto Market Maker Acheron Trading amid 369% Volume Surge
2024-07-22T15:25:04.073+02:00
The firm appoints a new CLO and adds staff to meet the increase in H1 year-over-year trading.
It is also scaling operations to meet increased liquidity demand in the crypto market.
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Regulation
Why Europol Blames Bitcoin and Artificial Intelligence for Cybercrime Boom
2024-07-22T11:51:58.006+02:00
The latest report highlights the growing use of cryptocurrencies and Bitcoin ETFs in criminal activities.
The agency calls for enhanced tools and training to combat evolving digital threats.
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Trending
J.D. Vance: Trump’s VP Pick is Pro-Crypto
2024-07-18T12:29:06.614+02:00
J.D. Vance, Republican Senator from Ohio, holds Bitcoin and supports crypto legislation.
Vance's populist approach targets big banks while aiding smaller community banks.
He’s collaborated with Democrats to push for financial reforms.
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CryptoCurrency
WazirX Halts Withdrawals after $235 Million Breach Linked to Tornado Cash
2024-07-18T10:23:00.157+02:00
ZachXBT reported the attacker still holds over $104 million, mostly in Shiba Inu.
The newly transferred funds, which included Tether, have already been swapped.
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CryptoCurrency
You Won't Believe How Much Institutional Crypto Trading Has Exploded in 2024
2024-07-17T10:53:05.231+02:00
Volumes surged 95% year-over-year in H1 2024, driven by ETF approvals.
According to Finery Markets report, ethereum trading volumes increased by 32%, with further growth expected.
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CryptoCurrency
FTX and CFTC Settle 19-Month Lawsuit for $12.7 Billion, Pending Court Approval
2024-07-17T10:52:47.701+02:00
The settlement includes $8.7 billion in restitution and $4 billion in disgorgement.
The CFTC did not seek a civil penalty because FTX already faces significant liability.
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Thought Leaders
The Rise of Crypto Payment Gateways: What Businesses Need to Know
2024-07-17T09:56:58.434+02:00
Crypto payment gateways offer a number of benefits for global businesses.
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CryptoCurrency
Why Is South Korea Postponing Crypto Taxation?
2024-07-16T17:56:01.389+02:00
South Korea delays crypto gains taxation until 2028.
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CryptoCurrency
Crypto on the Football Pitch: Kraken and Tottenham Hotspur Team Up
2024-07-16T14:45:36.942+02:00
The firm will serve as the Official Sleeve Partner for both the Men’s and Women’s teams.
The company will additionally become the Official Crypto and Web3 Partner of F1 DRIVE.
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Institutional FX
Wintermute Brings 350+ Crypto Pairs to Traditional Finance via oneZero
2024-07-16T14:00:00.000+02:00
The newest integration offers banks deep crypto liquidity and advanced trading tools.
Multi-currency collateral support enhances capital efficiency for institutional crypto traders.
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Trending
The Assassination Attempt on Donald Trump is Shaking Up Crypto
2024-07-16T10:32:45.927+02:00
Donald Trump narrowly escaped, leading to a surge in his influence in crypto.
His surge in popularity and support of crypto are seeing markets rise.
Trump's net worth is soaring after the attempt.
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CryptoCurrency
Cyprus Targets Crypto and Non-Profit Organizations in Warning Against Terror Financing
2024-07-10T18:34:59.203+02:00
The Institute of Certified Public Accountants of Cyprus emphasized transaction monitoring and KYC procedures in combating illicit financial flows.
The targeted areas include charitable and non-profit organizations operating in conflict zones or sanctioned jurisdictions.
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Retail FX
Bullish and Gold-i Deal Targets $1.6 Billion Daily Volume Crypto Market
2024-07-09T15:32:34.794+02:00
Companies integrate platforms for low-latency, low-cost crypto trading for institutions.
The partnership offers access to Bullish's liquidity via Gold-i's advanced trading technology.
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