Cryptocurrency news

Kraken Making Moves After Securing EU E-Money License

Kraken Making Moves After Securing EU E-Money License

Kraken, the U.S.–based cryptocurrency exchange hasrecently secured an EU e-money license. The company has ambitious moves for further expansion and is also reportedly planning to offer trading of U.S. listed stocks.The cryptocurrency business is plan...

Major Crypto Exchange Bybit Suspends U.K. Operation

Major Crypto Exchange Bybit Suspends U.K. Operation

Renowned cryptocurrency derivatives exchange Bybithas announced that it is suspending services in the U.K. ahead of the introduction of the new rules by the Financial Conduct Authority (FCA), the financial regulatory body in the country.The Dubai-hea...

Crypto Assets Soar as US Court Clears a Path for Bitcoin ETFs

Crypto Assets Soar as US Court Clears a Path for Bitcoin ETFs

27
Cryptocurrency news
30.08.2023

Crypto assets witnessed a significant surge on Tuesday, following a pivotal US court decision that paves the way for the country's first bitcoin exchange-traded fund (ETF).This landmark ruling serves as a boost for crypto enthusiasts while striking a...

Hong Kong Bets on Crypto

Hong Kong Bets on Crypto

31
Cryptocurrency news
22.08.2023

In the rollercoaster world of cryptocurrencies — marked by price surges, plunges, and regulatory question marks — many regions have opted for strict oversight or outright rejection. Not Hong Kong. The semi-autonomous Chinese city-state is doubling do...

Tether Reaches All-Time-High Market Cap

Tether Reaches All-Time-High Market Cap

51
Cryptocurrency news
02.08.2023

After starting the year with around $66 billion, the market capitalization of the world's largest stablecoin is now approaching the $84 billion threshold.In May, Tether Holdings Ltd. released its quarterly assurance report, revealing a net profit of...

Bitcoin Price Stable Amid Fed Rate Hike Anticipation

Bitcoin Price Stable Amid Fed Rate Hike Anticipation

33
Cryptocurrency news
26.07.2023

Bitcoin has hit a fresh record high in terms of the supply held by long-term investors, according to recent data. Despite an anticipated interest rate increase by the Federal Reserve, the crypto giant's price continues to hold steady.Analysts have de...

Crypto Exchange Backed by Institutional Banks Launched

Crypto Exchange Backed by Institutional Banks Launched

57
Cryptocurrency news
21.06.2023

Wall Street firms, including Fidelity Digital Assets, Charles Schwab, and Citadel Securities, have backed a new institutional crypto exchange platform, known as EDX Markets.Just days after the U.S. Securities and Exchange Commission (SEC) sued two of...

Bitcoin Drops below $25,000 after Fed Meeting

Bitcoin Drops below $25,000 after Fed Meeting

48
Cryptocurrency news
15.06.2023

Cryptocurrency prices tumbled after the Federal Reserve’s June meeting, with Bitcoin sliding below $25,000 for the first time since March.On Thursday, Bitcoin was weaker by around 4% at $24,866.92, while Ether slid more than 5% to $1,632.47. Altcoins...

US SEC Sues Binance and Its Founder

US SEC Sues Binance and Its Founder

57
Cryptocurrency news
06.06.2023

The United States Securities and Exchange Commission (SEC) has taken legal action against Binance, the world's largest cryptocurrency exchange, as well as its CEO and founder, Changpeng Zhao. The SEC's lawsuit accuses Binance of multiple violati...

US Debt Deal Removes Controversial Crypto Tax

US Debt Deal Removes Controversial Crypto Tax

60
Cryptocurrency news
30.05.2023

The recently unveiled US debt ceiling deal between President Joe Biden and House Speaker Kevin McCarthy has shed light on an interesting aspect of the agreement: the removal of several proposed taxes, including the controversial Digital Asset Mining...

Bitcoin Weakens after Binance Withdrawals Interrupted

Bitcoin Weakens after Binance Withdrawals Interrupted

72
Cryptocurrency news
09.05.2023

The price of Bitcoin fell sharply after Binance, one of the biggest crypto exchanges in the world, experienced congestion on the Bitcoin network that temporarily led to withdrawals being halted.Bitcoin fell by about 4% to $27,787.05 in Monday’s tradi...

EU Lawmakers Green Light Comprehensive Crypto Framework

EU Lawmakers Green Light Comprehensive Crypto Framework

76
Cryptocurrency news
21.04.2023

The EU Parliament has passed a groundbreaking cryptocurrency bill known as the Markets in Crypto Act (MiCA). The legislation will become law in 2024, putting the EU ahead of the US and UK. The legislation will primarily protect crypto traders by...

Hong Kong Woos Crypto Firms to Reclaim Finance Hub Status

Hong Kong Woos Crypto Firms to Reclaim Finance Hub Status

69
Cryptocurrency news
14.04.2023

Hong Kong is trying to rediscover its lost status as a financial hub by rolling out the red carpet to mainland-China crypto firms. After bankers and financial services experts left Hong Kong in droves in fear of tight COVID-19 curbs, leaders of the i...

Bitcoin Tops $30,000 Ahead of Key Inflation Data

Bitcoin Tops $30,000 Ahead of Key Inflation Data

73
Cryptocurrency news
12.04.2023

The price of Bitcoin rose on Tuesday, reaching the important psychological threshold of $30,000, as investors awaited new inflation data later in the week that could have a bearing on crypto prices.Bitcoin, the biggest cryptocurrency by market cap, j...

Bitcoin Falls After CFTC Sues Crypto Exchange Binance

Bitcoin Falls After CFTC Sues Crypto Exchange Binance

72
Cryptocurrency news
28.03.2023

Cryptocurrency prices fell on Monday morning after the Commodity Futures and Trading Commission (CFTC) initiated court filings against Binance, the biggest crypto exchange in the world, for allegedly flouting trading rules. The price of Bitcoin softe...