Cryptocoins News / Finance Magnates - 4 months ago
The non-custodial crypto wallet provided by the Bitget exchange reported that its user base exceeded 60 million globally in 2024. According to the company's year-end report, this represents a 300% increase from the previous year.Bitget Wallet Reports...
Cryptocoins News / Finance Magnates - 4 months ago
South Africa's Financial Sector Conduct Authority (FSCA) announced earlier this month that it has approved the licences of 248 firms to operate as crypto asset service providers (CASPs) while declining nine applications. The regulator has yet to make...
Cryptocoins News / Finance Magnates - 4 months ago
The IRS has officially brought decentralized finance (DeFi) platforms into its regulatory purview, declaring that front-end service providers facilitating digital asset transactions meet the definition of brokers. These platforms will now face string...
Cryptocoins News / Finance Magnates - 4 months ago
After 18 months of legal battles, Montenegro has approved the extradition of the disgraced crypto entrepreneur Do Kwon to the United States, where he faces fraud charges, local media publication Vijesti reported. In May 2022, the cryptocurrency marke...
Cryptocoins News / Finance Magnates - 4 months ago
Tether (USDT), the largest stablecoin by market capitalization, may face removal from European exchanges due to non-compliance with new Markets in Crypto-Assets (MiCA) regulations. The deadline for compliance is December 30, 2024, raising uncertainty...
Cryptocoins News / Finance Magnates - 4 months ago
The possibility of Bitcoin reaching the coveted $1 million milestone hinges primarily on one crucial factor: the establishment of a U.S. government strategic Bitcoin reserve. This assessment comes from Jeff Park, Head of Alpha Strategies at Bitwise A...
Cryptocoins News / Finance Magnates - 4 months ago
ADA, the cryptocurrency powering blockchain platform Cardano, is recovering from a recent price decline. Data from CoinMarketCap shows that the cryptocurrency jumped 3% and 8.6% in the past day and month, respectively. At the time of publication, ADA...
Cryptocoins News / Finance Magnates - 4 months ago
Ripple's XRP has seen significant price growth, rising by more than 250% in the past three months. This surge has drawn attention from crypto investors, with some analysts predicting that the price could reach as high as $8 in the coming months.Crypt...
Cryptocoins News / Finance Magnates - 4 months ago
Bitget Token (BGB) has gained another significant boost as the cryptocurrency exchange behind it, Bitget, merged two native tokens into one. As a result, the value of BGB surpassed $8.35 per token, an all-time high, before experiencing some price cor...
Cryptocoins News / Finance Magnates - 4 months ago
India's changing stance on cryptocurrency regulation is drawing international attention. 2024 observed significant advancements in crypto adoption and institutional involvement, and Bitcoin has recently reached a record high of $108,000.A key develop...
Cryptocoins News / Finance Magnates - 4 months ago
Ryan Salame and Caroline Ellison, two former top FTX executives now in prison, have had significant reductions in their sentences, according to the Federal Bureau of Prisons.Reduction in Prison TimeSalame, the former co-CEO of FTX, was sentenced to s...
Cryptocoins News / Finance Magnates - 4 months ago
Russian companies are circumventing Western sanctions by using Bitcoin and other cryptocurrencies to settle international trade, the country’s Finance Minister, Anton Siluanov, confirmed yesterday (Wednesday)."As part of the experimental regime, it i...
Cryptocoins News / Finance Magnates - 4 months ago
SBI VC Trade, a Japanese cryptocurrency exchange owned by SBI Holdings, has confirmed it has finalised an agreement to accept customer accounts and assets from DMM Bitcoin, which faced issues following a cyberattack.The confirmation came after DMM Bi...
Cryptocoins News / Finance Magnates - 4 months ago
Turkey revealed new cryptocurrency regulations in late December 2024, drawing inspiration from international frameworks like Europe’s Markets in Crypto Assets (MiCA). According to a document published on December 25 in the Official Gazette of the Rep...
Cryptocoins News / Finance Magnates - 4 months ago
The number of cryptocurrency investors in South Korea surged to 15.59 million as of November, a rise of 610,000 from the previous month, according to data from the Bank of Korea (BOK) released today (Wednesday). This figure represents approximately 3...
Cryptocoins News / Finance Magnates - 4 months ago
BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw its largest single-day outflow on December 24, with $188.7 million withdrawn, according to CoinGlass data. This exceeded the previous record of $72.7 million in outflows on December 20.Fidelity, ARK Bi...
Cryptocoins News / Finance Magnates - 4 months ago
Bitcoin and meme coins have grabbed headlines in the latest crypto rally. However, one token gained 231% in value over the last 30 days and 813% in the past year. Interestingly, it’s not a meme token but is backed by a crypto exchange – the Bitget to...
Cryptocoins News / Finance Magnates - 4 months ago
Russian authorities approved a list of regions where cryptocurrency mining will be banned starting January 1, 2025. The ban will last for six years, ending on March 15, 2031. This decision was made today (Tuesday).These measures align with cryptocurr...
Cryptocoins News / Finance Magnates - 4 months ago
Gate.io and the Financial Services Agency of Japan (FSA) announced that Gate Group has acquired all shares of Coin Master Co., Ltd, a Japanese cryptocurrency service provider. The acquisition was executed through Gate Japan K.K., a Singaporean entity...
Cryptocoins News / Finance Magnates - 4 months ago
“The cryptocurrency industry is not ready for MiCA,” Delphine Forma, Head of UK and EU Policy at Solidus Labs, said while speaking to Finance Magnates' Jonathan Fine at FMLS:24. She elaborated on the various challenges and implications of crypto regu...
Cryptocoins News / Finance Magnates - 4 months ago
The cryptocurrency market's hopes for a traditional year-end surge are fading as Bitcoin (BTC) tumbled to its lowest level since late November, marking a significant retreat from its recent record highs. This also negatively affects the altcoin marke...
Cryptocoins News / Finance Magnates - 4 months ago
A surge in Gen Z crypto investors has taken the market by storm, and the catalyst may just be political. Following Donald Trump’s election win in November 2024, the U.S. president-elect’s pro-crypto stance sparked significant interest among younger g...
Cryptocoins News / Finance Magnates - 4 months ago
Ripple's XRP is facing downward pressure, with the price falling in the past day and week. According to CoinMarketCap, the token dropped 3% and 12% in the daily and weekly charts, respectively. XRP's price decline reflects a broader price correction...
Cryptocoins News / Finance Magnates - 4 months ago
MicroStrategy, the largest corporate holder of Bitcoin, has acquired an additional 5,262 BTC, spending $561 million at an average price of $106,662 per Bitcoin. This purchase brings the company’s total holdings to 444,262 BTC, with an average cost of...
Cryptocoins News / Finance Magnates - 4 months ago
Brandon Mulvihill, Co-Founder and CEO of Crossover Markets, dug into the growing crypto market structure and institutional adoption in an interview with Finance Magnates' Jonathan Fine at the Finance Magnates London Summit 2024 (FMLS:24). His insight...
