Reports have emerged that Japan plans to assess the effectiveness of its cryptocurrency rules. The review, which will take place over the next few months, could pave the way for the launch of crypto exchange-traded funds (ETFs) in the country. Review to Evaluate Investor Protection The news was first reported by Bloomberg, which quoted an...Read More
Robinhood Markets’ crypto subsidiary is expanding its cryptocurrency offerings in the EU by enabling customers the ability to deposit and withdraw more than 20 different digital assets including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USD Coin (USDC). Robinhood debuted its crypto trading service in the EU in December of last year. While users could buy...Read More
On Sept. 30, Chainlink Labs announced that it was officially partnering with ANZ, a leading Australian bank with over $750 billion (more than a trillion AUD) in assets under management. The partnership is part of the Singaporean central bank’s (Monetary Authority of Singapore) Project Guardian. Chainlink will help enable the secure cross-chain exchange of tokenized...Read More
Arbitrum One, the Ethereum Layer 2 optimistic rollup, has surpassed 1 billion transactions this week. This feat was accomplished by Arbitrum One within three years of its mainnet launch in August 2021. As of October 1st, Arbiscan recorded a total of 1.003 billion transactions. In comparison, Coinbase’s Layer 2 network, Base, has logged 755 million...Read More
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has reportedly informed its Canadian users that it will cease operations in the country by December 31, 2024. This follows the departures of OKX, Paxos, Bybit, and Binance from the Canadian market. Users Given 90 Days to Withdraw Assets In a September 30 email to users,...Read More
Japanese investment firm Metaplanet Inc. has announced the acquisition of an additional 107.913 BTC worth approximately a billion yen ($6.9 million). This brings the company’s total Bitcoin holdings to 506.745 BTC, valued at roughly $32.2 million based on current market prices. Metaplanet Stock Soars 2% The Tokyo-listed firm disclosed that the latest purchase was made...Read More
The past week has been positive for bitcoin (BTC), with the asset breaking through its August 25 local top of $65,200 after multiple previous rejections. While BTC is currently trading below the $65,000 range and could record more gains, analysts say there are warning signs. According to a Bitfinex report, there is a lack of...Read More
September is often dubbed ‘Slumptember’ as Bitcoin and crypto assets have historically recorded losses during this month with the odd exception. However, this September ended with the best performance, as noted by analyst Rekt Capital on Sept. 30. He reported that BTC increased by 7.75% in September, beating its previous record of 6% in 2016....Read More
Ethereum’s five-week decline has been reversed as ETH-based product inflows jumped to $87 million during the previous week. According to Coinshares, this was the first measurable inflow since early August, and it comes amidst a significant revival across digital asset investment products. The latest edition of the European asset manager weekly report revealed that digital...Read More
On October 1, 2024, the popular Solana-based meme coin Bonk (BONK) made a headline as it topped the cryptocurrency market with its impressive performance. In the ongoing struggling cryptocurrency market, BONK has outperformed major cryptocurrencies like Bitcoin (BTC), Solana (SOL), Ethereum (ETH), and many others with a significant price surge of over 9.5% in the...Read More
At the 2024 Tsinghua PBC Chief Economist Forum, former Chinese Vice Minister of Finance Zhu Guangyao urged China to re-evaluate its approach to the crypto industry. He cited the evolving international stance on digital currencies, particularly in the United States, where the asset class has gained political support from key figures like U.S. presidential candidate...Read More
WalletConnect has warned crypto users about a fake app previously available on the Google Play Store. In a September 29 post on X, the organization behind the open-source protocol that enables secure connections between crypto wallets and decentralized applications (dApps) said the offending app has since been removed from Google Play, but not before it...Read More
Bitcoin appears to have defied the historical trend of negative return for September, with almost 9% in gains for the month. At the time of writing, Bitcoin is trading above $64,000. As such, experts are now betting on a more favourable market conditions and a continued bullish trend for the world’s leading crypto asset. Room...Read More
On September 27, bitcoin (BTC) reclaimed a trading price of $66,500 for the first time since late July. This surge was accompanied by bullish sentiments from many investors. Instead of going higher, the leading crypto asset has tanked below $64,000 at press time. Blockchain market intelligence platform Santiment shares insight into a possible reason behind...Read More
South Korean crypto exchange giant Bithumb is reportedly exploring the possibility of listing on the US NASDAQ, as discussed during a shareholder meeting on Monday. The company has indicated that it is open to considering “all possibilities” regarding where to launch its initial public offering (IPO). Bithumb Looks Beyond KOSDAQ Korea Economic Daily revealed the latest...Read More
Taiwan’s Financial Supervisory Commission (FSC) has introduced a new policy allowing professional investors to invest in foreign cryptocurrency exchange-traded funds (ETFs) through local brokers. The policy restricts access to these financial products to professional investors, including institutions, high-net-worth entities, and individuals classified as professionals. Suitability Assessments and Training Requirements According to a September 30 press...Read More
Rumors abound on crypto social media suggesting that the embattled exchange FTX will start distributing as much as $11 billion to creditors on Oct. 1. “MartyParty” told his 116,000 X followers to sell their ETH, ADA, and DOT before this week’s distributions while shilling SOL and SUI. Meanwhile, crypto advisor Dan Held told his 720,000...Read More
Crypto markets were retreating heavily during early Monday morning trading in Asia, how low they go may be influenced by this week’s economic events. There are eleven Federal Reserve speaker events this week and a raft of economic data that could set the scene for the final quarter as Q3 comes to a close. Economic...Read More
The United States Securities and Exchange Commission (SEC) unveiled charges against two crypto companies, TrueCoin and TrustToken, for their fraudulent stablecoin investment program and unregistered offer and sale of securities. According to a press release by the agency, the SEC filed the complaint at the U.S. District Court for the Northern District of California and...Read More
In one of the latest collaborations between public and private entities, the world’s largest cryptocurrency exchange, Binance, announced that it helped Indian authorities bust a purported legitimate online gaming app that defrauded users of more than Rs 400 crore ($47.6 million). According to a blog post, the Binance Financial Intelligence Unit (FIU) provided critical aid...Read More
An analysis by market intelligence platform IntoTheBlock has discovered the number of daily active addresses for major cryptocurrencies. This metric offers insights into the intensity of user activity on these networks. According to data gathered by IntoTheBlock, these crypto assets include large-cap altcoins like Solana (SOL), meme coins like Dogecoin (DOGE), and the largest of...Read More
US investors showed increased demand for the spot Bitcoin ETFs during the entire trading week, with more than $1 billion entering the 11 such US-based funds. Interestingly, the interest for their spot Ethereum counterparts has also picked up, as they registered their second-best week since going live in July. Over $1B in Bitcoin ETFs in...Read More
The United States spot Bitcoin exchange-traded fund (ETF) market is seeing a new wave of trading alternatives, including the availability of options. This latest move could attract liquidity and longer-term investors to the Bitcoin ecosystem, but it has a downside. According to a CryptoQuant report, the availability of options for spot Bitcoin ETFs could increase...Read More
U.S. authorities have charged Russian citizens Sergey Sergeevich Ivanov and Timur Shakhmametov for allegedly operating a cryptocurrency money laundering service tied to Russian cybercrime. The U.S. Department of State has issued a $10 million bounty for information leading to the arrest or conviction of each. International Crackdown on Russian Cybercrime The United States Treasury, in...Read More
A digital asset lobby group backed by Coinbase, Stand With Crypto, has been forced to change its crypto-friendly ranking of Democratic presidential candidate Kamala Harris. The group, which runs a website that ranks the level of support U.S. politicians have shown for crypto, had characterized Harris as “Supports Crypto,” giving her a “B” grade. Group...Read More
A Coinshares report has revealed that the role of Ethereum (ETH) in crypto is being shaped by two main pillars: marketplaces and stablecoins. However, while the network is making waves in these areas, the path forward for new applications remains unclear. Decentralized Exchanges Dominate The report, released on September 24, indicated that marketplace and stablecoins...Read More
Four people have sued the U.S. Department of Justice (DOJ), demanding that it direct more funds from a $4.3 billion settlement it won against Binance into the U.S. Victims of State Sponsored Terrorism Fund (USVSST). The complainants argued in their lawsuit that the U.S. Victims of State Sponsored Terrorism Act, enacted in 2015, requires all...Read More
Bitcoin’s correlation with Wall Street has been climbing for the past several months and, earlier this week, hit a multi-year peak. This comes at an intriguing time since a few of the largest and most prominent US stock market indexes charted new all-time highs this week. BTC-Wall Street Correction Rises The Fed’s interest rate cut...Read More
On-chain data provided by Lookonchain asserted that two prominent institutions have sent millions worth of ETH to exchanges, which could suggest trouble for the second-largest cryptocurrency. Currently, Ethereum trades close to $2,700 after gaining 5% within the past week. 2 institutions are selling $ETH! A wallet related to #Cumberland deposited 11,800 $ETH($31.88M) into #Coinbase 7...Read More
Changpeng Zhao, the founder and former CEO of the world’s largest cryptocurrency exchange, has served his four-month prison sentence and has been released from custody as of Friday. Although he has stepped down as the chief executive of Binance, he is still the largest stakeholder. Recall the events that took place almost a year ago...Read More
