Robinhood is expanding its services to the Asian market, now setting its sights on Singapore as a base for its activities in the region. The trading platform plans to introduce crypto products in the country once it finalizes its $200 million acquisition of crypto exchange Bitstamp, a deal that was announced last year, Bloomberg reported. […]
Nigeria is amending regulations to allow cryptocurrency trading and digitized transactions to be taxed as it seeks to boost revenue.
Hundreds of new tokens flood the market now and then, making it difficult for investors to identify the altcoin with the best crypto presale. Adding to the mix are the rampant pump-and-dump schemes that have left many investors wrecked. Yet, none of this has stopped Degens and seasoned market participants from hunting for the next […]
Stablecoins could serve as a boon for US dollar adoption, according to the Atlantic Council, a nonpartisan think tank. Barbara C. Matthews and Hung Tran, senior fellows at the Council’s Geoeconomics Center, note in a new analysis that the $227 billion stablecoin market is “tiny” compared to the $6.22 trillion US capital markets and the […]
XRP is currently trading at $2.58, registering a 3.56% increase over the past week. In technical analysis, the RSI rebounded from 30, indicating a possible recovery, while the MACD shows a positive divergence, signaling a potential bullish move. Additionally, the SEC acknowledged an ETF application for XRP, boosting market optimism. The SEC and Its Impact […]
SUI is facing mounting pressure as bearish sentiment continues to dominate the market, driving its price toward a critical retest of the $2.8 support level. This key price point has become a focal point for traders and investors, as it could determine the token’s short-term trajectory. Recent market trends have seen SUI struggle to regain […]
FTX is set to repay $1.2 billion to creditors on Feb. 18, marking a key step in the exchange’s bankruptcy proceedings.
TL;DR Pi Network’s upcoming Open Network launch has sparked speculation, with major exchanges preparing to embrace the token and Binance considering a listing through a community vote. While some predict Pi could reach $314, its large supply makes such valuations unlikely, as it would require a market capitalization nearly ten times the entire crypto market’s […]
Australia’s financial crimes watchdog, AUSTRAC, has written to over 50 companies, including many involved in the crypto industry, over their failure to meet their reporting requirements under Australia’s anti-money laundering and counterterrorism financing laws. AUSTRAC said it’s already taken action against 13 crypto exchanges this year for failing to disclose the criminal histories of key […]
Argentine President Javier Milei denied any wrongdoing regarding his involvement in Libra, a cryptocurrency he shared on social media, the price of which tanked hours later. Milei stated that he didn’t endorse Libra and compared this investment to going to the casino. Milei Refers to Investing in Libra as Going to the Casino Argentine President […]
Bitcoin’s most important sentiment indicator finally reset
FTX has started repaying creditors today (Tuesday), beginning with those in the “Convenience Class.” This group includes creditors with claims of $50,000 or less. These individuals will receive full repayment along with 9% annual interest accrued since November 2022. FTX has partnered with BitGo and Kraken to process the payments. Funds are expected to reach […]
The cryptocurrency market has entered a new phase, defined by record-breaking milestones and regulatory shifts that are reshaping opportunities for …
The chief executive of crypto asset management firm Bitwise believes that 2025 will be a pivotal year for Bitcoin (BTC). On the social media platform X, Hunter Horsley lists seven reasons why he expects Bitcoin to witness a massive breakthrough this year. According to Horsley, he expects Bitcoin to see more capital inflows this year […]
The universe of cryptocurrencies is a sea of speculation, and occasionally, the truth takes a bit of unearthing to surface. The recent investigation has turned up a bunch of murky connections between the short-lived but notorious tokens MELANIA and LIBRA and the same sketchy team of creators. What appeared to be separate, unrelated, and isolated […]
In a post shared on X with his 700,000 followers, market veteran CRYPTO₿IRB (@crypto_birb) outlined what he believes could be one of Bitcoin’s final major pullbacks before an eventual surge to a six-figure price target. In his own words: “BTC LAST DIPS BEFORE $273K? Here’s why:” He backed up this claim with a series of […]
Elon Musk plans to send a Tesla Bot with Grok AI to Mars by late 2026.
TL;DR Standard Chartered, Animoca Brands, and HKT have teamed up to launch a Hong Kong dollar-backed stablecoin. The new stablecoin aims to streamline both domestic and international payments, leveraging the banking infrastructure and mobile payment expertise of the partners. Hong Kong is advancing its stablecoin legislation, providing a regulatory framework that fosters innovation while ensuring […]
TL;DR Kim Wong defended Pi Network’s legitimacy, highlighting its global adoption and compliance with identity regulations. Doubts persist regarding its referral-based mining model and an alleged data breach in 2021. Its token has gained presence on exchanges like OKX and Bitget, while rumors about a possible Binance listing continue to grow. Pi Network remains at […]
The president of Argentina is facing a potential impeachment trial over his alleged role in a memecoin pump-and-dump scheme. Late last week, in a now-deleted post, Argentinian President Javier Milei announced the launch of LIBRA, a token supposedly designed for “encouraging the growth of the Argentine economy,” along with a Solana (SOL) contract address. LIBRA’s market […]
International digital asset management firm CoinShares says institutional crypto investors have finally ended their post-US election 19-week crypto buying spree. According to Coinshares, institutional whales pulled over $415 million out of crypto products last week after nearly 20 weeks of inflows. “Digital asset investment products saw their first significant outflows, totaling $415m, following an unprecedented 19-week […]
Solana (SOL) has been downtrending and retracing heavily over the past month. The asset has declined 40% since its Jan. 19 all-time high of $293, and the trend seems set to continue as meme coin mania fades. Moreover, SOL is down a further 8% on the day, falling below $170 for the first time since […]
If memecoins are considered commodities and not securities, then investors can’t sue for insider trading, says Bitwise Head of Alpha Strategies Jeff Park. Insider Trading May Not Apply to Certain Memecoins, Says Bitwise Executive Bitwise Head of Alpha Strategies Jeff Park on Monday said memecoin rug-pulls are not always illegal, while adding the caveat that […]
John Reed Stark says that the SEC crypto-enforcement is “as dead as Julius Caesar”
Cryptocurrency scams are on track to reach an unprecedented $12.4 billion in 2024, with artificial intelligence and sophisticated investment schemes driving the surge, according to new data from blockchain analytics firm Chainalysis. Crypto Investment Scams Set to Hit Record $12.4 Billion in 2024 The firm’s latest report reveals that cryptocurrency-based fraud has already accumulated $9.9 […]
In recent years, the rise of cryptocurrency has transformed the landscape of charitable giving. As NGOs increasingly accept digital currencies, …
Indian authorities confiscated nearly US$190M in cryptocurrency linked to the Bitconnect Ponzi scheme, which defrauded thousands of investors worldwide before collapsing in 2018. Officials also seized cash, an SUV, and electronic devices in Gujarat, connecting them to individuals involved in the scheme The Ponzi scheme affected 4,000 investors across 95 countries and led to losses […]
The on-chain analytics firm Glassnode has revealed where the next Bitcoin support level could be based on different pricing models. Bitcoin Is Currently Retesting 1-Year MVRV Z-Score Mean In a new post on X, the on-chain analytics firm Glassnode has discussed about how BTC has been looking on a couple of pricing models recently. The […]
Fed Governor Christopher Waller says January had uneven progress on inflation, but if the year plays out similar to 2024, rate cuts could be on the cards later this year.
JPMorgan Chase employees are banding together to call on the bank’s CEO to back down on his demand for a full five-day in-office work week. In a new petition on CoWorker.org, JPMorgan Chase workers say CEO Jamie Dimon should reconsider the bank’s return-to-office (RTO) policy, and that the idea of remote work equating low performance […]
We may see a regulatory shift with the SEC and it could lead to positive price movements for XRP – we’ll explore the details below. Meanwhile, Bitcoin’s limitations in speed and scalability remain frustrating topics for users. PlutoChain ($PLUTO), a hybrid Layer-2 solution, could offer an answer by integrating faster transactions and smart contract capabilities […]
TL;DR After 19 consecutive weeks of capital inflows into digital asset products, the industry experienced a significant outflow of $415 million. The primary cause of these outflows was a more hawkish stance from the U.S. Federal Reserve and inflation data that exceeded expectations. Despite outflows in the U.S., countries like Germany, Switzerland, and Canada saw […]