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Source : Bit Coin News
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Coinme Adds 9,700+ Coinstar Bitcoin ATM Locations to Bitcoin.com as New Featured Partner

PRESS RELEASE. Coinme, a leading cryptocurrency cash exchange in the U.S., announced today the addition of over 9,700 physical Bitcoin ATM locations to the Bitcoin.com site and map finder. Coinme powers thousands of Coinstar Bitcoin ATMs across the country, where customers can turn cash into crypto in mere minutes. “We’re excited to now be discoverable […]
Source : Bit Coin News
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Real-World Assets Platform Gluwa Considers Developing Liberia’s CBDC

The real-world assets platform, Gluwa, is exploring the potential to assist in the development and launch of Liberia’s central bank digital currency. To increase the likelihood of the digital currency’s success, Gluwa is also considering the launch of a satellite-based internet service. Making the Digital Currency Compatible with Liberia’s Mobile Money System Gluwa, a real-world […]
Source : Bit Coin News
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Binance CEO Now Expects Bitcoin Price to Top Earlier Estimate of $80K This Year

Binance CEO Expects Bitcoin Price to Exceed $80,000 at Year-EndBinance CEO Richard Teng now expects the price of bitcoin to surpass his earlier estimate of $80,000 this year. The executive anticipates continued significant inflows into U.S. spot bitcoin exchange-traded funds (ETFs) as endowments and family offices increase bitcoin exposure in their investment portfolios. Binance CEO Teng’s Bitcoin Price Prediction Binance CEO Richard Teng shared […]
Source : Bit Coin News
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Spanish Court Upholds Privacy Watchdog’s Decision to Halt Worldcoin Activities

Spanish Court Maintains Decision of Blocking Worldcoin ActivitiesThe Audiencia Nacional (National Hearing), a Spanish special tribunal, has maintained the measures that the AEPD, the private data watchdog in the country, has taken against Worldcoin. The court determined that the defense of the general interest of protecting the people’s data must prevail over the company’s economic interest. Spanish Audiencia Maintains Suspension of Worldcoin […]
Source : Bit Coin News
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Argentine Senate Passes Reform Creating Cryptocurrency Entities Registry

Argentine Senates Passes Reform Creating Cryptocurrency Entities RegistryThe Argentine Senate passed a law that creates a registry for any institution that offers cryptocurrency services in the country. The CNV, the Argentine securities enforcer, will manage this registry, which also establishes obligations for crypto companies to deliver personal information on their customers and other data to government entities. Argentine Senate Passes Crypto Anti-Money […]
Source : Bit Coin News
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New ICO Green Bitcoin Introduces the Gamified Green Staking and Raises $6M in 2 Weeks

PRESS RELEASE. A new project called Green Bitcoin (GBTC) saw a sudden burst of popularity around the time when the original Bitcoin (BTC) saw its massive price surge. While Bitcoin skyrocketed to an all-time high, Green Bitcoin — currently still in presale — managed to raise $6 million in only two weeks. Green Bitcoin’s presale […]
Source : Bit Coin News
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$100K to $150K — Traders Target Six-Figure Heights With Long-Dated Bitcoin Call Options

$100K to $150K — Traders Target Six-Figure Heights With Long-Dated Bitcoin Call OptionsRecent data reveals a significant uptick in open interest for bitcoin futures and options across various trading platforms in recent weeks. On Monday, insights from QCP Capital indicated a notable interest in long-term September and December bitcoin calls, aiming for the lofty six-figure price brackets. Confidence Soars With Bets on Bitcoin Exceeding $100K Just last […]
Source : Bit Coin News
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Solana’s Decentralized Exchange Platforms Eclipse Ethereum in Daily Trading Volume, Surpassing $2.8 Billion

Solana’s Decentralized Exchange Platforms Eclipse Ethereum in Daily Trading Volume, Surpassing $2.8 BillionThis week, SOL’s value has seen a significant increase, elevating its decentralized exchange (dex) platforms and propelling the layer one (L1) blockchain to a leading position in 24-hour dex trading volume. Solana’s dex platforms have amassed $2.802 billion in trade volume over the past day, outperforming Ethereum’s dex platforms, which have recorded $2.03 billion in […]
Source : Bit Coin News
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Predicting Bitcoin’s Bull Run Values: Plan B’s S2F Model and Ledn CIO’s $92,000 Target 

Predicting Bitcoin's Bull Run Values: Plan B's S2F Model and Ledn CIO's $92,000 Target As bitcoin hovers around the $67,000 mark on March 18, 2024, there’s still widespread speculation about the potential for its price to climb even higher. The analyst Plan B continues to shed light on his well-known stock-to-flow (S2F) model, which suggests that “exponential growth” is expected to “continue.” Plan B: ‘S2F = Exponential Growth’ The […]
Source : Bit Coin News
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Dogecoin and Shiba Inu Pumping Again as Dogecoin20 ICO Nears 2M

The original meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) are enjoying a rebound, with both cryptos rising over 10% since yesterday. This bullish price action has caught the interest of retail investors and suggests that the meme coin hype cycle is far from over. Meanwhile, the buzz around Dogecoin20’s (DOGE20) ICO is building rapidly […]
Source : News Btc
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XRP Price Prediction: Can Bulls Defend This Key Support?

XRP price started a downside correction from the $0.7450 resistance. The bulls are now struggling to keep the price above the $0.5850 support zone. XRP started a fresh decline after it failed to clear the $0.7450 resistance. The price is now trading below $0.650 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.640 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh rally if there is a close above the $0.6650 resistance zone. XRP Price Trims Gains After a steady increase, XRP price struggled to extend gains above the $0.750 resistance. The price started a downside correction from the $0.7442 high, like Ethereum and Bitcoin. There was a steady decline below the $0.700 and $0.665 support levels. The price even declined below the $0.600 support. A low was formed near $0.5874 and the price is now consolidating losses. There was a minor increase above the $0.620 level. The price spiked above the 23.6% Fib retracement level of the downward move from the $0.7442 swing high to the $0.5874 low. However, the bears were active near $0.650. There is also a key bearish trend line forming with resistance at $0.640 on the 4-hour chart of the XRP/USD pair. Ripple’s token price is now trading below $0.620 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.640 zone. The first key resistance is near $0.6650 or the 50% Fib retracement level of the downward move from the $0.7442 swing high to the $0.5874 low, above which the price could rise toward the $0.70 resistance. Source: XRPUSD on TradingView.com A close above the $0.70 resistance zone could spark a strong increase. The next key resistance is near $0.7450. If the bulls remain in action above the $0.7450 resistance level, there could be a rally toward the $0.800 resistance. Any more gains might send the price toward the $0.820 resistance. More Losses? If XRP fails to clear the $0.6650 resistance zone, it could start another decline. Initial support on the downside is near the $0.5980 zone. The next major support is at $0.5850. If there is a downside break and a close below the $0.5850 level, the price might accelerate lower. In the stated case, the price could retest the $0.520 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5980, $0.5850, and $0.5200. Major Resistance Levels – $0.640, $0.6650, and $0.700.
Source : News Btc
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Ethereum Price Extends Losses, Can Bears Send ETH To $3,200?

Ethereum price extended its decline below $3,500. ETH is showing a few bearish signs and there could be a drop toward the $3,200 support zone. Ethereum started a downside correction below the $3,550 zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $3,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline if it stays below the $3,520 and $3,550 resistance levels. Ethereum Price Breaks Support Ethereum price started a downside correction below the $3,720 and $3,650 levels, like Bitcoin. ETH declined below the $3,550 support level to move further in a short-term bearish zone. Finally, the price traded below the $3,420 support. A low was formed at $3,365 and the price is now consolidating losses. It is showing a few bearish signs below the 23.6% Fib retracement level of the downward move from the $3,675 swing high to the $3,365 low. Ethereum price is now trading below $3,550 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $3,440 level. The first major resistance is near the $3,520 level. There is also a major bearish trend line forming with resistance at $3,520 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the downward move from the $3,675 swing high to the $3,365 low. The next major resistance is near $3,600, above which the price might gain bullish momentum. Source: ETHUSD on TradingView.com In the stated case, Ether could rally toward the $3,650 level. If there is a move above the $3,650 resistance, Ethereum could even rise toward the $3,825 resistance. Any more gains might call for a test of $4,000. More Downsides In ETH? If Ethereum fails to clear the $3,520 resistance, it could continue to move down. Initial support on the downside is near the $3,365 level. The first major support is near the $3,320 zone. The next key support could be the $3,250 zone. A clear move below the $3,250 support might send the price toward $3,200. Any more losses might send the price toward the $3,150 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,365 Major Resistance Level – $3,520
Source : News Btc
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PlanB’s Bitcoin Forecast: A Journey To $5 Million Per BTC In The Next Decade

PlanB, a popular name within the Bitcoin community, thanks to his Stock-to-Flow (S2F) model, has shared the latest discourse on X, igniting a flurry of excitement and speculation. This discourse particularly highlights BTC’s potential journey through successive halving cycles. PlanB’s analysis, deeply rooted in the S2F model, presents a narrative for Bitcoin’s future. This model scrutinizes the correlation between an asset’s existing reserves (stock) and annual production (flow) and lays the groundwork for PlanB’s bold predictions. Related Reading: Bitcoin Price Hits Support But Fresh Rally Faces Many Hurdles Navigating Through Predictions: A Community Aweigh According to the model, the forthcoming halving cycle spanning 2020-2024 is expected to solidify Bitcoin’s price at around $50,000. But the real spectacle unfolds in the ensuing cycles, with projections setting the stage for Bitcoin to ascend to $500,000 in the 2024-2028 cycle, eventually reaching a monumental $5 million in the 2028-2032 cycle. Stock-to-Flow 2020-2024 halving cycle: ~$50k Stock-to-Flow 2024-2028 halving cycle: ~$500k Stock-to-Flow 2028-2032 halving cycle: ~$5m Yes, S2F = exponential growth, and it will continue IMO. pic.twitter.com/rH1KmIyKSl — PlanB (@100trillionUSD) March 18, 2024 The predictions made by PlanB have sparked interest and debate among the crypto community. Many are curious to see if Bitcoin will experience the forecasted substantial growth. An X user responded to PlanB’s post, expressing hopefulness yet advising caution due to the limited number of data points that can’t definitively predict precise future prices, like an average of $500k from 2024 to 2028. PlanB acknowledged this caution, pointing out that his predictions are based on three past halving events and the significant pre-halving period, suggesting that while the Stock-to-Flow model can guide the general trend, its accuracy comes with a considerable margin of error. For instance, while the 2020-2024 period was projected to see an average of $55k, the actual figure was around $33k. Very true. Only 3 halvings (2012, 2016 and 2020) plus the crucial pre-halving period (where BTC S2F grew from below 1 to ~4). And S2F is only for general direction, of course, and with wide error margin (for example: prediction 2020-2024 was 55k but in reality ~33k). — PlanB (@100trillionUSD) March 18, 2024 Additionally, another user in the conversation, known as Phoenix of Crypto, remarked that while PlanB’s projection might seem “overly optimistic,” the true outcome remains to be seen, emphasizing the need for patience. This user highlighted the uncertainty surrounding Bitcoin’s future, especially considering the potential impacts of ETFs and widespread adoption, signaling an open-minded but watchful approach to market developments. Bitcoin Latest Price Action Bitcoin is undergoing a notable decline, having decreased by 7.5% over the last week. This downward trajectory has extended into the last 24 hours, with the cryptocurrency dropping an additional 1.5%. Despite these setbacks, Bitcoin’s trading price remains at $67,167 at the time of writing. Skew, a renowned trader, has provided technical analysis indicating a critical support range for Bitcoin investors between $60,000 and $67,000. Related Reading: Bitcoin Threatens To Retreat To $60,000 As Bulls Seek Solid Ground This range is seen as a possible pivot point for the market’s direction, concurrently noting the substantial selling activity on leading platforms such as Coinbase and Binance. $BTC Spot Market Data Thread, in partnership @_WOO_X $BTC Binance Spot Weekend spot buyer here Spot Supply ($72K – $74K) Spot Demand ($60K) Interestingly last bounce which was sold into also resulted in a stack of limit bids being quoted lower. ~ Keep an eye on those bids… pic.twitter.com/3PKHyddNlv — Skew Δ (@52kskew) March 17, 2024 Featured image from Unsplash, Chart from TradingView
Source : News Btc
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Bitcoin Price At Risk of More Downsides Before Fresh Increase To $70K

Bitcoin price struggled to recover above the $68,800 resistance. BTC is now moving lower and there is a risk of more downsides below the $65,000 support. Bitcoin price is struggling to start a fresh increase above the $68,000 zone. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $67,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $68,000 resistance zone in the near term. Bitcoin Price Faces Resistance Bitcoin price attempted a fresh increase above the $65,500 zone. BTC climbed above the $67,200 and $68,000 levels. However, the bears were active near the $69,000 zone. A high was formed at $68,898 and the price is now moving lower. There was a move below the $67,500 support zone. The price declined below the 50% Fib retracement level of the recovery wave from the $64,555 swing low to the $68,898 high. Bitcoin is now trading below $68,000 and the 100 hourly Simple moving average. It is testing the 76.4% Fib retracement level of the recovery wave from the $64,555 swing low to the $68,898 high. There is also a connecting bearish trend line forming with resistance at $67,800 on the hourly chart of the BTC/USD pair. Immediate resistance is near the $66,750 level. The next key resistance could be $67,800 or the trend line, above which the price could rise toward the $68,800 resistance zone. Source: BTCUSD on TradingView.com If there is a clear move above the $68,800 resistance zone, the price could even attempt a move above the $70,000 resistance zone. Any more gains might send the price toward the $71,200 level. More Losses In BTC? If Bitcoin fails to rise above the $67,800 resistance zone, it could start another decline. Immediate support on the downside is near the $65,550 level. The first major support is $65,000. The main support sits at $64,500. If there is a close below $64,500, the price could start a drop toward the $63,500 level. Any more losses might send the price toward the $62,000 support zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $65,500, followed by $65,000. Major Resistance Levels – $67,800, $68,800, and $70,000.
Source : News Btc
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Ether.fi $210M Airdrop Sparks Market Turbulence, ETHFI Value Drops By 35%

ETHFI, the governance token of the decentralized liquid staking protocol Ether.fi, debuted for $4.13 following its distribution through its airdrop on March 18.  However, since the $210 million airdrop, the value of ETHFI has experienced a significant decline, plummeting over 35% to its current trading price of $3.05, according to CoinGecko data. ETHFI Airdrop Attracts 20,000 Participants Market expert Tom Wan has provided a summary of the ETHFI airdrop. Out of the total supply of 16.8 million ETHFI tokens, approximately 28% have been claimed by participants.  Related Reading: Standard Chartered Predicts Bitcoin At $150,000, ETH At $8,000 By Year-End The airdrop attracted around 20,000 claimers, showcasing considerable interest in the token distribution. Notably, the top wallets, accounting for 1.67% of the total distribution, have the potential to receive between 10,000 and 25,000 ETHFI tokens, reflecting substantial holdings. Most claimers, comprising approximately 67% of participants, are expected to receive a lower allocation of ETHFI tokens, ranging from 175 to 500.  This distribution strategy aims to ensure a broader and more equitable dispersion of the tokens among participants. However, an interesting observation is that 76% of claimers have transferred their ETHFI tokens to other wallets, indicating a potential desire for liquidity or trading activities. Furthermore, it is noteworthy that 38% of the token receivers are new wallets, suggesting an expansion of the ETHFI user base as of May 1, 2023. This influx of new participants showcases a growing interest in the governance and utility offered by Ether.Fi’s protocol. Ether.fi Witnesses Surge In Total Value Locked Ether.fi has experienced notable growth in net deposits and Total Value Locked (TVL), as evidenced by data provided by Token Terminal. However, the platform has faced fluctuations in its active user base.  According to Token Terminal, net deposits on Ether.fi have significantly increased, reaching $2.99 billion over the past 30 days alone. This marks a significant growth rate of 136.9%. Simultaneously, the TVL on Ether.fi has mirrored the surge in net deposits, which also amount to $2.99 billion over the same 30-day period. This metric represents the total value of assets, predominantly cryptocurrency, locked within the protocol.  However, while Ether.fi has witnessed robust growth in net deposits and TVL, the platform has experienced fluctuations in its active user base. Daily active users have shown a considerable decline of 54.3% over the past 30 days, currently standing at 506.  Similarly, weekly active users have experienced a more moderate decline of 3.5%, currently standing at 5,780. This suggests that while there has been a slight reduction in user engagement every week, a significant portion of the user base remains actively involved with the protocol. The most substantial decline in user activity is observed in monthly active users, with a notable drop of 68.9% over the past 30 days. The figure currently stands at 14,740 users.  Related Reading: Solana Memecoin Presale Gone Wrong: Creator Accidentally Burns $10M, Whale Makes Huge Profit Overall, the distribution of the ETHFI token through the airdrop has garnered significant attention and participation. At the same time, the token’s value has experienced a decline since its initial listing, the long-term potential and impact of ETHFI within the Ether.Fi ecosystems are yet to be fully realized. Featured image from Shutterstock, chart from TradingView.com
Source : News Btc
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Is Ripple Behind The XRP Price Crash? Massive Selling Spree Sparks Concern

Ripple’s occasional sale of XRP tokens has always been pinpointed as one reason for XRP’s tepid price action. Once again, the crypto firm’s recent offloading of a significant amount of XRP has raised concerns about its negative effect on the crypto token.  Ripple Offloads 240 Million XRP On-chain data shows that Ripple transferred a total of 240 million XRP tokens to an unknown address in two separate transactions. The first transaction occurred on March 5, when it sent 100 million XRP to the address in question. Then, on March 13, the Ripple wallet again transferred 140 million XRP to this address.  Related Reading: Bernstein Analysts Convinced Bitcoin Is Headed For $150,000, Here’s Why These transactions have raised eyebrows, and members of the XRP community are contemplating whether these sales might have been the reason XRP’s price crashed recently. Notably, the crypto token rose to as high as $0.74 on March 11 before seeing a sharp correction.  It is worth mentioning that XRP’s price crashed on March 5, the day the first transaction was carried out. Data from CoinMarketCap shows that the crypto token, which was trading as high as $0.65 on the day, dropped to as low as $0.55 on the same day. However, it remains uncertain whether or not Ripple’s action was directly responsible for this price dip. Meanwhile, XRP’s price was pretty stable on the day the second transaction occurred, although it was still declining from its weekly high of $0.7, recorded on March 11. The impact of Ripple’s XRP sales on the market continues to be heavily debated among those in the XRP community.  Pro-XRP crypto YouTuber Jerry Hall previously claimed that Ripple was suppressing XRP’s price with its monthly sales. However, there has also been a report that Ripple’s sale doesn’t impact prices on crypto exchanges.  If Not Ripple, Then Who? Ripple’s price action defies logic, especially considering that the token’s fundamentals and technical analysis suggest it is well primed for a parabolic move. That is why talks about possible market manipulation continue to persist. It is also understandable that all fingers instantly point to Ripple since they are the largest XRP holders.  Related Reading: Crypto Analyst Predicts Further Upside For Shiba Inu, Here’s The Target However, if Ripple is indeed not responsible for XRP’s stagnant price action, then there needs to be another explanation for why XRP has continued to underperform. Although the crypto token has continued to rank in the top 10 largest crypto tokens by market cap, it is worth mentioning that it is one of few tokens that has a negative year-to-date (YTD) gain.  At the time of writing, XRP is trading at around $0.61, up in the last 24 hours according to data from CoinMarketCap.  Token price at $0.6 | Source: XRPUSDT on Tradingview.com Featured image from BitIRA, chart from Tradingview.com
Source : News Btc
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Bitcoin Has Undergone This Bearish Structure Change, Analyst Explains

An analyst has explained that the recent trend in the Bitcoin Coinbase Premium Gap suggests a significant change in the asset’s structure. Bitcoin Coinbase Premium Gap Has Continued To Be Negative In a new post on X, analyst Maartunn discussed how the Bitcoin Coinbase Premium Gap is still negative. The “Coinbase Premium Gap” here refers to a metric that tracks the difference between the Bitcoin prices listed on cryptocurrency exchanges Coinbase (USD pair) and Binance (USDT pair). Related Reading: Bitcoin Sentiment Cools Off, Price Rebound Soon? This indicator’s value provides hints about how the behavior of the former’s userbase currently differs from that of the latter platform. Below is the chart shared by the analyst that reveals the trend in the Bitcoin Coinbase Premium Gap since the start of the year. The value of the metric seems to have been quite red in recent days | Source: @JA_Maartun on X As the graph shows, the Bitcoin Coinbase Premium Gap had been mostly positive as Bitcoin had gone through its journey from $44,000 to beyond the $73,000 level. This would imply that the price listed on the exchange was higher than on Binance during this period. Such a trend naturally suggests that the buying pressure on the former was greater than on the latter. Coinbase is widely known to be the preferred platform of US-based institutional investors, while Binance has global traffic. Thus, the green positive premium values would imply these large American entities had been buying and supporting the rally. Recently, however, the indicator’s value turned negative as these investors took to selling instead. Since then, the metric has continued to assume such values. Alongside this selloff, the BTC price has experienced a notable decline. The Bitcoin Coinbase Premium Gap followed a similar pattern during the first month or so of the year. In the first 10 days of January, the metric had been positive as buying had occurred in anticipation of the spot exchange-traded funds (ETFs). Still, after the ETFs had been approved, the indicator had turned negative. Related Reading: Bitcoin FOMO: Over 533,330 Addresses Bought Above $70,180 The red premium values had maintained for a few weeks, during which the cryptocurrency price had struggled. Based on this pattern and the recent trend, it would seem that American institutional traders have driven the price action this year. As such, so long as the current bearish structure in the Bitcoin Coinbase Premium Gap exists, it’s possible that the price may not be able to amass too much upward momentum. BTC Price At the end of the positive Coinbase Premium Gap streak, Bitcoin had been able to achieve a new all-time high above $73,800, but as traders have switched to selling on the platform, the coin has dropped almost 9%, with its price now trading around $67,300. Looks like the price of the coin has been going down over the last few days | Source: BTCUSD on TradingView Featured image from Shutterstock.com, CryptoQuant.com, chart from TradingView.com
Source : News Btc
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Profit-Taking Panic, Short-Term Bitcoin Holders Sell Off – What’s Next For BTC?

Recent on-chain data highlighted a significant trend: a wave of profit-taking by investors who have held Bitcoin (BTC) for less than five months. As detailed by CryptoQuant’s latest data, this phenomenon is not just a random market movement but an echo of patterns observed at the zeniths of previous bull markets. Related Reading: Bitcoin Sentiment Cools Off, Price Rebound Soon? Profit-Taking Among Short-Term Bitcoin Holders Signals Market Shift According to CryptoQuant, the Spent Output Profit Ratio (SOPR), a key metric in evaluating the profit and loss of Bitcoin transactions over a specific period, showcases a pronounced uptick indicative of widespread profit realization. This tendency among short-term holders to liquidate their holdings for gains parallels historical market peaks and suggests a critical juncture for Bitcoin. Crypto Dan, a seasoned market analyst, emphasized the significance of this trend, stating, “This movement is something that only happens once every few years,” highlighting the uniqueness and possible consequences of the present market trends. $BTC short-term investors took large profits “In relation to this adjustment, if we look at the SOPR, there was a big movement related to profit realization by short-term holders who held #BTC for less than 5 months.” by @DanCoinInvestor Link 👇https://t.co/RqBtDm81hO — CryptoQuant.com (@cryptoquant_com) March 18, 2024 New Market Forces At Play: ETFs Inflow Set To Rebalance The Equation While the SOPR metric might signal alarm bells reminiscent of past bull market peaks, the crypto landscape is underpinned by factors that could mitigate the traditional outcomes of such profit-taking. Among these is the recent introduction of a BTC spot Exchange-Traded Fund (ETF). This new avenue for Bitcoin investment introduces a complex layer to the market’s dynamics, potentially cushioning any adverse effects of short-term holders’ profit-taking activities. Dan concluded by noting: But considering the BTC spot ETF and potential additional inflows from institutions and individuals, it is difficult to judge it as simply a signal of the peak of a bull market. After a short-term correction period, it’s very likely that we will see a strong further bull in 2024. CoinShares Head of Research, James Butterfill, provides a further layer of analysis, suggesting an imminent “positive demand shock” for Bitcoin. According to Butterfill, the delay in making spot Bitcoin ETFs accessible to the Registered Investment Advisors (RIA) market — a sector managing around $50 trillion in assets — is set to end. With RIAs requiring three months of trading data before including new ETFs in their portfolios, the market is on the cusp of witnessing a substantial influx of new investments into Bitcoin. “If 10% of RIAs chose to invest 1% of their portfolios, this could result in approximately $50 billion in additional inflows,” Butterfill elaborated, highlighting the scale of potential market impact. Moreover, the current supply-demand dynamics within the Bitcoin market are skewed towards increasing demand against decreasing supply. Related Reading: Bitcoin Approaches Risky Territory As Halving Event Draws Near The daily demand for BTC, fueled by the trade of spot BTC ETFs and the average production of new coins, underscores a growing discrepancy that ETF issuers are filling by tapping into the secondary market. This scenario is evidenced by a dramatic decrease in OTC desk coin holdings, a direct consequence of ETF-driven demand, according to Butterfill. Featured image from Unsplash, Chart from TradingView
Source : News Btc
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Bitcoin Whales Enter Full Accumulation Mode: Here’s How Much BTC They Pulled From Exchanges

The Bitcoin price movement last week revealed a series of ups and downs, from starting the week at a new all-time high of  $73,780 to crashing 12% in the days after to reach below $65,000. Crypto data analysts have spotted massive amounts of Bitcoin being withdrawn from major exchanges during the period of uncertainty, indicating that large investors anticipate further price appreciation.  According to a social media post by crypto analyst Ali Martinez, the total BTC balance on crypto exchanges fell by over 21,400 in the past week, with the creation of 13 new whales, each holding over 1,000 BTC. BTC Withdrawal From Exchanges Bitcoin crossed over $73,700 last week to register a new all-time high but has struggled to gain a footing above the price level. Interestingly, it would seem the new all-time high sparked a wave of profit-taking from some investors. However, on-chain and exchange data indicate Bitcoin is still undergoing a bullish sentiment from some investors, particularly large investors.  Related Reading: XRP Records Massive 80% Surge In Trading Volume – Can Price Reach A New ATH? Crypto analyst Ali Martinez noted this bull accumulation pattern in a post on his social media platform X. According to a Glassnode chart shared by the analyst, the total amount of BTC on exchanges has been on a free-fall since the middle of January. Notably, the total BTC balance saw a brief increase in the first few days of March before resuming a free-fall on March 5. In the past week alone, 21,401 BTC were moved off crypto exchanges.  As the #Bitcoin bull run momentarily pauses, it’s noteworthy that 21,401 #BTC have been moved off crypto exchanges over the past week, and the network has welcomed 13 new whales, each holding over 1,000 $BTC. pic.twitter.com/oSXaKBR4Z1 — Ali (@ali_charts) March 16, 2024 Similarly, the crypto analytics platform IntoTheBlock noted this outflow pattern during the week. According to ITB, BTC withdrawal from crypto exchanges reached its highest point this year on March 15. Interestingly, $750 million worth of Bitcoin was withdrawn on this day, the highest since May 2023. Over $750m $BTC was withdrawn from exchanges yesterday, the highest since May 2023. The majority of these withdrawals originate from Bitfinex ($524m) and Kraken ($130m) pic.twitter.com/8d3eIJROhv — IntoTheBlock (@intotheblock) March 15, 2024 What Does This Mean For Bitcoin? The Bitcoin ecosystem has witnessed serious money on the move since the beginning of the year, leading to a strong price surge for the cryptocurrency. However, this rally has since slowed down to spark a price correction, with market sentiment reaching the most negative sentiment toward BTC since December 2023. Bitcoin is currently trading at $68,201, down by 3.44% in the past seven days.  Related Reading: Crypto Pundit Says God Candle Is Imminent For This Solana-Based Meme Coin After such a strong surge in price, it’s normal for the momentum to slow down as the market consolidates and decides on the next move. While momentum has slowed, the overall trend for Bitcoin remains bullish. Judging by the massive amounts of Bitcoin pulled from exchanges recently, it looks like whales are gearing up for a continued rally. Bitcoin is now showing signs of a rally, and is now up by 5% in the past 24 hours.  BTC price crashes as trading week opens | Source: BTCUSD on Tradingview.com Featured image from Business Today, chart from Tradingview.com
Source : News Btc
Added today

Arbitrum Whales Are HODLing; Why Are ARB Prices Tanking?

While the recent unlocking of ARB triggered fears of a sell-off, Lookonchain data suggests a different story. On March 18, the analytics platform showed that a mere 58 million ARB, representing only a tiny portion of the 1.1 billion tokens unlocked on March 16, were sent to exchanges by just 11 large-scale investors, commonly called “whales.” Are Whales Bullish On ARB?  This transfer indicates that despite some profit-taking, other whales are HODLing on to their ARB, reflecting continued confidence in the project’s future.  On March 16, Arbitrum sent 1.1 billion ARB to investors, team members, and advisors in a “Cliff Unlock.” Analysts describe a “Cliff Unlock” as a situation in which all allocated tokens for that event are released simultaneously. Related Reading: Bitcoin Sentiment Cools Off, Price Rebound Soon? Arbitrum chose to release all tokens at once. 673.5 million were sent to advisors and the team. Meanwhile, the remainder, 438.25 million, was sent to investors. The unlocking event, as expected, was a source of concern that some receivers would choose to sell in the secondary market.  As expected, ARB prices have decreased, reflecting the general sentiment across the crypto market board. So far, ARB is down 24% from March 2024 highs. However, what’s clear is that the uptrend remains, and buyers remain in charge despite the selling pressure. Based purely on price action, ARB bulls have a chance if prices are above the $1.6 to $1.65 support zone. Conversely, any upswing above this level might drive prices to the upper end of the range at around $2.20. Further upswings will continue the sharp expansion from October 2023. At the time of writing, ARB is up 125% from Q4 2023 lows. Arbitrum To Benefit From Dencun, Cementing Its Layer-2 Dominance Lookonchain data shows that only a few tokens were sent to exchanges less than a week after the unlocking event, suggesting investors and whales are bullish about the project.  L2Beat data shows that Arbitrum, a layer-2 scaling solution for Ethereum, is the largest in that category by total value locked (TVL). By March 18, Arbitrum managed $14.7 billion worth of assets, nearly 2X that of Optimism. While ARB is under pressure, the broader Ethereum and crypto community remains bullish. Last week, the “Dencun” update was released to the mainnet.  Related Reading: Bitcoin Approaches Risky Territory As Halving Event Draws Near This update is significant as it further slashes transaction fees, making layer-2s, including Arbitrum, more attractive for users. This upgrade is especially appealing to developers and users seeking to enjoy the high on-chain activity on Ethereum without struggling with high gas fees and low scalability. As Layer-2 solutions find adoption, Arbitrum could benefit from this influx. Feature image from Canva, chart from TradingView
Source : Miner Gate
1494 days ago

Monero Hard Fork and RandomX: Make CPU Mining Great Again

Monero (XMR) has successfully hardforked on November 30th, at block number 1978433. The fork has changed the CryptoNightR mining algorithm to the new RandomX Proof-of-Work algorithm.   Although the main aim of the upgrade was keeping Monero completely resistant to ASIC mining, thus maintaining the coin decentralized, RandomX has essentially moved XMR mining to CPU, […]

The post Monero Hard Fork and RandomX: Make CPU Mining Great Again appeared first on Crypto Mining Blog.

Source : Miner Gate
1508 days ago

MinerGate coin list updates

MinerGate has always been excited to keep its finger on the pulse of the market. We strive to support the most popular coins and to refrain from those that are less demanded by our miners. After thorough analysis, we have decided to stop XMC and BCN pools on February 4, 2020. The mined balance will […]

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Source : Miner Gate
1727 days ago

MinerGate Exclusive: Interview with the chat moderator

Recently, we released our very own loyalty token – the MinerGate Token.  It’s the token that we believe will empower all parts of the MinerGate ecosystem and positively engage the community in the project’s life.  A few tokens have already been delivered to the most active users as gratitude for their contribution. As well, there […]

The post MinerGate Exclusive: Interview with the chat moderator appeared first on Crypto Mining Blog.

Source : Miner Gate
1729 days ago

Welcome MinerGate xFast 1.5

Dear miners, The MinerGate team is working hard to bring you the best mining solutions and user-friendly services. Making MinerGate a multifunctional platform will allow our new users to understand all mining processes faster and benefit from the cutting edge technologies available for our seasoned miners. MinerGate xFast miner is a highly efficient and easily […]

The post Welcome MinerGate xFast 1.5 appeared first on Crypto Mining Blog.

Source : Miner Gate
1739 days ago

MinerGate DSP Portal. Essential elements of decreasing the cost of developing DApp

For just a year, the EOS system has proved itself to be worthy of being a next-generation blockchain project with industry-leading scalability and transaction speed. Its philosophy and solutions are giving new opportunities to blockchain developers. Lots of dApps – a crucial part of the system – are now built on EOS. The number has […]

The post MinerGate DSP Portal. Essential elements of decreasing the cost of developing DApp appeared first on Crypto Mining Blog.

Source : Miner Gate
1739 days ago

News from our partners LumiWallet. Get EOS account for free!

MinerGate is pleased to announce that our partner – Lumi Wallet, a highly secure multi-currency wallet – is launching an EOS account giveaway. This giveaway campaign has become possible due to the productive collaboration of MinerGate, Lumi Wallet, and Changelly. MinerGate believes in EOS due to its next generation and open source blockchain protocol that […]

The post News from our partners LumiWallet. Get EOS account for free! appeared first on Crypto Mining Blog.

Source : Miner Gate
1748 days ago

MinerGate Has Become a DApp Service Provider

MinerGate has become a dApp Service Provider on the DAPP Network. It’s no secret that there have been some significant obstacles in the way of the efficient performance of dApp development. To develop on EOS, dApp developers must own and use RAM, which has its limitations. There are two of them: the high cost (more […]

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Source : Miner Gate
1768 days ago

MinerGate Token Is Now On EOSDAQ

Dear Miner, The MinerGate team is pleased to announce that our ultimate loyalty tool, the MG Token, is now available on EOSDAQ, the world’s first on-chain decentralized exchange. EOSDAQ is a platform that supports the peer-to-peer trade of EOS-based tokens. All transactions there are recorded on the blockchain in a transparent manner.  The EOS-based MinerGate […]

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Source : Miner Gate
1775 days ago

HitBTC – The First Major Exchange To Support The MinerGate (MG) Token

Dear miner, We are glad to announce that HitBTC will be the first major exchange to list the MG Token. Support from HitBTC is an important step towards developing the MinerGate loyalty tool. HitBTC is one of the most advanced cryptocurrency exchanges out there, providing markets for more than 300 different cryptocurrencies. HitBTC delivers to […]

The post HitBTC – The First Major Exchange To Support The MinerGate (MG) Token appeared first on Crypto Mining Blog.

Source : Miner Gate
1785 days ago

MinerGate Token (MG): The Ultimate Loyalty Tool For Users

MinerGate is glad to introduce MinerGate Token (MG) – a token created as a loyalty tool. It is designed as a vital instrument to fuel the entire ecosystem of MinerGate products. We have always been focused on enhancing our service and providing better user experience, and now the new MG token is going to serve […]

The post MinerGate Token (MG): The Ultimate Loyalty Tool For Users appeared first on Crypto Mining Blog.

Source : CryptoNinjas
15 days ago

Top 5 Bitcoin ATM Locations in Athens for Fast and Easy Crypto Access

As a crypto analyst and frequent investor in the Greek digital currency market, I can confidently recommend Bcash for convenient and secure Bitcoin purchasing in Athens. With 10 strategically located crypto ATM hotspots spanning central Athens and the northern suburbs, Bcash enables instant access to leading cryptocurrencies like BTC, ETH, and USDT. Experience the Leading […]

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Source : CryptoNinjas
67 days ago

Bitwise launching spot bitcoin ETF (BITB)

Bitwise Asset Management, the largest crypto index fund manager in America, announced today that the Bitwise Bitcoin ETF (BITB), the firm’s first spot bitcoin ETF, intends to begin trading today, January 11th. BITB will join Bitwise’s comprehensive suite of 18 crypto investment products, which currently includes five other crypto ETFs. “We expect significant demand for […]

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Source : CryptoNinjas
120 days ago

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

It is no longer unusual to hear that a bank accepts savings in Bitcoin, Ethereum, and the like. Or that a loan company helps businesses with crypto. After all, the traditional financial and insurance industries were among the first to adopt cryptocurrencies. The latter ones have found more than one way to incorporate these means of payment […]

The post Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins? appeared first on CryptoNinjas.

Source : CryptoNinjas
127 days ago

4 Things We’ve Learned About Owning Bitcoin in 2023

For some people, the word bitcoin still triggers an eye-roll, but by now, most of us know that cryptocurrency is here to stay. With that in mind, it’s a good idea to make sure you’re clued up and well-educated on the topic, especially if you’ve ever considered investing yourself. However, with so much misinformation floating […]

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Source : CryptoNinjas
169 days ago

Fuse Network welcomes Liquify as new blockchain infrastructure partner

Today, Fuse Network, an enterprise-grade, use-case agnostic, decentralized EVM-compatible public blockchain, announced Liquify as its newest remote procedure call (RPC) provider and ecosystem partner. Liquify will provide public RPC services – both free and private. RPC nodes help process requests from decentralized applications (dApps). They are vital for improving the usability of web3 and for […]

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Source : CryptoNinjas
203 days ago

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

Welcome to the world of BITmarkets – a leading cryptocurrency exchange offering a wide range of trading options for both retail traders and corporate clients. In this comprehensive review, we will explore the various features and services provided by BITmarkets, including spot, futures, and margin trading. Whether a seasoned trader or just starting your cryptocurrency […]

The post BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies appeared first on CryptoNinjas.

Source : CryptoNinjas
203 days ago

Hong Kong’s first licensed crypto exchange HashKey is now live

HashKey Exchange, the first licensed retail virtual asset exchange registered in Hong Kong, announced its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey held the grand launch in Hong Kong. Strictly adhering to the SFC’s user registration and KYC requirements, the HashKey Exchange platform […]

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Source : CryptoNinjas
265 days ago

Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft, a South Korea-based IT/software company, has just announced the launch of ACE, their new SaaS product designed for cryptocurrency exchanges. ACE fully prepares businesses for exchange operations quickly, taking less than a month to get up and running. ACE offers a comprehensive suite of features that enables crypto exchanges to streamline their operations and […]

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Source : CryptoNinjas
272 days ago

Maximize Your ETH Investment: The ETHphoria Vault by Pods

This week, the team of Pods, a provider of structured products for crypto assets, unveiled its latest offering – the ETHphoria Vault. This innovative yield strategy is designed explicitly for ETH enthusiasts who are bullish about its future prospects and want to earn even more from increasing prices. ETHphoria is a low-risk, principal-protected strategy designed […]

The post Maximize Your ETH Investment: The ETHphoria Vault by Pods appeared first on CryptoNinjas.

Source : CryptoNinjas
281 days ago

Crypto traders can mitigate risk with PODS’ FUD Vault – now live on mainnet

The team of Pods recently announced the mainnet launch of its 3rd strategy on Pods Yield: FUD Vault, which now complements ETHphoria and stETHvv. FUD Vault provides a way for users to benefit from market downturns by offering a mechanism to hedge against significant price drops in ETH while preserving the deposited principal. Who is […]

The post Crypto traders can mitigate risk with PODS’ FUD Vault – now live on mainnet appeared first on CryptoNinjas.

Source : CryptoNinjas
285 days ago

What is DeFi Returns? A new way of DeFi Investing

DeFi Returns brings comprehensive up-to-date information on DeFi strategies and protocols, to easily compare and analyze their performance. Getting the most reliable data source for historical yield on DeFi, to help users make informed decisions when investing in the ecosystem. All data displayed is sourced from the protocol’s smart contracts directly. The new DeFi Returns […]

The post What is DeFi Returns? A new way of DeFi Investing appeared first on CryptoNinjas.

Source : CryptoNinjas
300 days ago

RockX broadens suite with launch of new ether (ETH) native staking solution

RockX, an Asia-based institutional-grade staking services provider, announced today the broadening of its staking product suite with the addition of a new ether (ETH) native staking solution. This latest offering strengthens RockX’s position as a comprehensive provider of diverse staking needs, maneuvering quickly to the evolving crypto market landscape. Navigating the Ethereum ecosystem presents institutions with […]

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Source : CryptoNinjas
313 days ago

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

Hex Trust, a regulated institutional-grade crypto-asset custodian, today announced it has partnered with The Sandbox, a leading decentralized gaming virtual world to enable fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse. The partnership sees Hex Trust fully integrate LAND into its custody platform, Hex Safe, which supports cryptocurrencies, security tokens, and NFTs. […]

The post The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets appeared first on CryptoNinjas.

Source : CryptoNinjas
326 days ago

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

CoinFlip, a bitcoin ATM and crypto services company, announced today a new offering with the launch of ‘Olliv,’ a self-custody-powered crypto platform. The Olliv platform provides a frictionless way to buy, sell, send, receive, and swap cryptocurrency securely stored on a self-custodial wallet, removing the uncertainty of unknown third-party custodians. By leveraging CoinFlip’s existing network […]

The post CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’ appeared first on CryptoNinjas.

Source : CryptoNinjas
334 days ago

Crypto derivatives exchange Deribit to launch zero-fee spot trading

Deribit, a popular cryptocurrency derivatives platform, has announced the launch of zero-fee spot trading, allowing clients to buy and sell crypto while simultaneously managing risk using other derivatives. Spot trading will start on April, 24th 2023 at 1 PM UTC with three pairs (BTC/USDC, ETH/USDC, and ETH/BTC), providing clients with a simple and free solution […]

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Source : CryptoNinjas
397 days ago

Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

Japan-based banking giant Nomura, announced today that its digital assets subsidiary, Laser Digital, has made a strategic investment in Infinity, a non-custodial interest rate protocol built on Ethereum. Infinity’s wholesale exchange, the first of several planned infrastructures, provides inter-exchange clearing, fixed and floating rate markets, as well as enterprise-grade risk management utilizing hybrid on-chain/off-chain infrastructures […]

The post Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol appeared first on CryptoNinjas.

Source : CryptoNinjas
410 days ago

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

Blocknative, a real-time Ethereum (ETH) infrastructure platform, has newly introduced features including transaction bundle send, cancellation, and replacement support for the Blocknative Builder. Searchers can now submit MEV bundles privately to the Blocknative Builder to be included on-chain. This market utility builds upon Blocknative’s reliable, real-time infrastructure that is systematically important to the Ethereum ecosystem. […]

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Source : CryptoNinjas
419 days ago

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has chosen the firm’s Validus platform to provide market abuse monitoring on the exchange. Headquartered in Panama City, Panama, Deribit is one of the largest cryptocurrency options exchanges by volume and open interest, with approximately 90% […]

The post Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus appeared first on CryptoNinjas.

Source : CryptoNinjas
424 days ago

Crypto exchange Gemini launches new electronic OTC trading solution

Gemini, the popular bitcoin & crypto exchange company, today announced the launch of electronic over-the-counter trading (eOTC), an automated crypto trading solution designed for institutions. The Gemini eOTC solution offers a variety of advantages to institutional traders including: Competitive Pricing & Execution: Liquidity is sourced from top-tier liquidity providers with deep liquidity pools, enabling counterparties […]

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Source : CryptoNinjas
429 days ago

Crypto securitization platform GenTwo links to all Coinbase assets

GenTwo Digital, the crypto-asset securitization platform based out of Crypto Valley in Zug, Switzerland, today announced a partnership with Coinbase, the publicly-listed cryptocurrency platform. This new partnership for GenTwo Digital allows all Coinbase crypto assets to be wrapped in bankable financial investment products and enables financial intermediaries to issue certificates such AMCs (Actively Management Certificates). […]

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Source : CryptoNinjas
438 days ago

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

ThunderCore, a leading blockchain & web3 ecosystem announced today that they are making a new development push, partnering with new validators as the chain rolls out its new crypto staking model. The newest ThunderCore validators include the famous crypto-asset exchange Huobi and one of the earliest staking platforms in the space, MyCointainer. Users of both […]

The post Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion appeared first on CryptoNinjas.

Source : CryptoNinjas
455 days ago

DeFi protocol Pods raises $5.6M to support its structured crypto products dApp

Pods, creators of a DeFi platform, announced today that earlier this year, the team raised $5.6M in seed funding to create structured products for crypto-assets. The financing featured investors such as IOSG, Tomahawk, Republic, Framework Ventures, and more. The first strategy on Pods Yield is stETHvv (Ethereum Volatility Vault). stETHvv is a low-risk product focused […]

The post DeFi protocol Pods raises $5.6M to support its structured crypto products dApp appeared first on CryptoNinjas.

Source : CryptoNinjas
461 days ago

Crypto derivatives exchange Deribit releases new client verification of assets tool

Deribit, the popular cryptocurrency derivatives exchange, announced today it has launched a new ‘Proof of Reserves‘ tool for clients using the trading platform. Now, clients are provided with the functionality to verify their assets to be included in Deribit’s overall reserves. How it Works Deribit provides all addresses for all on-chain assets and it delivers […]

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Source : CryptoNinjas
467 days ago

Tenderly introduces TXN simulations on its blockchain gateway for efficient dApp development

Tenderly, creators of a blockchain development platform, today announced that it is the first web3 development platform to offer simulations through RPC on its Tenderly Web3 Gateway, the company’s production node as a service. Note, Tenderly already processes more than 50 million simulations per month through its Transaction Simulator. Now, the company is introducing the […]

The post Tenderly introduces TXN simulations on its blockchain gateway for efficient dApp development appeared first on CryptoNinjas.

Source : CryptoNinjas
469 days ago

DFINITY brings new smart contract functionality to Bitcoin with Internet Computer integration

DFINITY Foundation, the not-for-profit organization contributing to the development of the Internet Computer (IC) — a high-speed, internet-scale public blockchain — has announced today the Internet Computer’s mainnet integration with Bitcoin, bringing smart contract functionality to the cryptocurrency. Now, the Internet Computer can serve as a layer-2 for Bitcoin where smart contracts on the Internet […]

The post DFINITY brings new smart contract functionality to Bitcoin with Internet Computer integration appeared first on CryptoNinjas.

Source : Wallet Invester
2003 days ago

Bitcoin $6609.990 – CryptoCurrency Trading Report – 24.09.2018 09:08

Hot news: These changes have happened in the last hour.

In the last one hour Bitcoin is leading the record of among the most popular crypto-currency in the trading ecosystem, it has an decrease of -0.33% from its previous value from 6631.875 dollars now at 6609.990 dollars exchange rate. Next to Bitcoin is T..

The post Bitcoin $6609.990 – CryptoCurrency Trading Report – 24.09.2018 09:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2003 days ago

Bitcoin $6668.000 – CryptoCurrency Trading Report – 24.09.2018 08:08

Hot news: The summaries of the last one hour are the followings:

Bitcoin is leading the rank on the most popular crypto-currency, it has an upsurge of 0.12% in its exchange rate, which means 6668.000 dollars from the 6660.008 dollars earlier. Tether is in the second position as Bitcoin leads the first spot. ..

The post Bitcoin $6668.000 – CryptoCurrency Trading Report – 24.09.2018 08:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2003 days ago

Bitcoin $6640.360 – CryptoCurrency Trading Report – 24.09.2018 07:08

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

In the last hour, Bitcoin is leading the cryptocurrency rank. A fall in the exchange rate was seen from 6663.014 dollars to 6640.360 dollars a -0.34% change. Next to Bitcoin is Tether in the second position..

The post Bitcoin $6640.360 – CryptoCurrency Trading Report – 24.09.2018 07:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2003 days ago

Bitcoin $6674.850 – CryptoCurrency Trading Report – 24.09.2018 06:07

Hot news: Here you can read the new CryptoCurrency report of the last 60 Minutes.

Bitcoin is leading the rank in the last hour as the most popular crypto currency in the trade market, with a recorded fall on its value of about -0.12% in the last hour with a current standing rate of 6674.850 dollars from 6682..

The post Bitcoin $6674.850 – CryptoCurrency Trading Report – 24.09.2018 06:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2003 days ago

Bitcoin $6686.310 – CryptoCurrency Trading Report – 24.09.2018 05:07

Hot news: There were a lot of happenings in the last 60 minutes on the Crypto stock exchanges.

Bitcoin is listed as the most popular cryptocurrency in the market. In the last sixty minutes, it had an downswing of -0.19% on its trading price. This means from 6699.038 dollars now at 6686.310 dollars. Tether is..

The post Bitcoin $6686.310 – CryptoCurrency Trading Report – 24.09.2018 05:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2003 days ago

Bitcoin $6704.570 – CryptoCurrency Trading Report – 24.09.2018 04:07

Hot news: Now we show you the newest summary of 60 minutes.

Bitcoin is now leading the rank on the most popular digital currency in the trade market. It has an decrease of -0% in its exchange rate from 6704.570 dollars now at 6704.570 dollars. Bitcoin is seconded by Tether, in a 60 minutes time it has a drop..

The post Bitcoin $6704.570 – CryptoCurrency Trading Report – 24.09.2018 04:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2003 days ago

Bitcoin $6709.350 – CryptoCurrency Trading Report – 24.09.2018 03:07

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

Bitcoin was in the top position in the last hour, the exchange rate decreases from 6710.021 dollars to 6709.350. This is a -0.01% recorded change. Tether is at the second position next to Bitcoin, with a re..

The post Bitcoin $6709.350 – CryptoCurrency Trading Report – 24.09.2018 03:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2003 days ago

Bitcoin $6709.780 – CryptoCurrency Trading Report – 24.09.2018 02:07

Hot news: These changes have happened in the last hour.

Bitcoin was in the top position in the last hour, the exchange rate increases from 6689.711 dollars to 6709.780. This is a 0.3% recorded change. Bitcoin is followed by Tether, with a -0.07% tumble on its trade value in the last one hour, equivalent to 0..

The post Bitcoin $6709.780 – CryptoCurrency Trading Report – 24.09.2018 02:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2003 days ago

Bitcoin $6687.450 – CryptoCurrency Trading Report – 24.09.2018 01:07

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

The number one cryptocurrency leader is Bitcoin, this data was fetched in the last hour. It has an decrease on its trade value to -0.2%, now at 6687.450 dollars from 6700.852. Tether is at the second positi..

The post Bitcoin $6687.450 – CryptoCurrency Trading Report – 24.09.2018 01:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2003 days ago

Bitcoin $6692.560 – CryptoCurrency Trading Report – 24.09.2018 00:07

Hot news: These are the changes of the CryptoCurrency market in the last one hour.

Bitcoin is now leading the rank on the most popular digital currency in the trade market. It has an increase of 0.05% in its exchange rate from 6689.215 dollars now at 6692.560 dollars. Tether is next to the leading crypto Bit..

The post Bitcoin $6692.560 – CryptoCurrency Trading Report – 24.09.2018 00:07 appeared first on CryptoCurrency Blog.

Source : Finance Magnates
6 days ago

Bitcoin Halving 2024 and the Crypto Industry: What to Watch Out For

One of the most significant events within the Bitcoin ecosystem is the Bitcoin halving, an event that reduces the reward for mining new blocks by half. The event next month occurs approximately every four years and has profound implications for the cryptocurrency industry.

The halving is a pivotal moment for the crypto industry, influencing everything from miners' revenue to overall market sentiment. Industries like mining, exchanges, and funds are just a few that can be impacted. Some ways the halving can affect such industries include:

  • For miners, the immediate effect is a decrease in income unless there's a significant rise in Bitcoin's price. This can lead to a shakeout of less efficient miners and a temporary drop in the network's hash rate.
  • From the perspective of a crypto business or an exchange, the reduced supply of new Bitcoin could lead to increased demand and bullish market sentiment, assuming demand remains constant or increases. Anticipation alone often leads to substantial price volatility before and after the halving event, with a bias to the upside.
  • Fund managers and investors may want to take notice of the historical trend where Bitcoin has experienced significant price increases following past halvings. While past performance doesn’t always indicate future results, the halving is a cornerstone event that can't be ignored in any comprehensive crypto investment strategy.

Furthermore, for brokers and exchanges, effective ways to deal with the Bitcoin halving might involve planning to manage things like liquidity, trading volumes, and customer engagement.

One thing to keep in mind may be to ensure the exchange has sufficient liquidity to accommodate the increased trading activity that often follows the halving. This may involve optimizing trading algorithms, enhancing order-matching systems, and bolstering liquidity reserves.

Exchanges may also want to do all they can to keep customers informed about potential disruptions and changing market conditions around the time of the halving event. Engaging users through educational content, market insights, and promotional campaigns can help maintain interest and activity levels while fostering a sense of community within the platform.

Consider having a plan in place for when things go wrong, for example, if overwhelming activity causes the exchange to come offline for a time.

Things to Watch During the 2024 Halving

As we approach the 2024 halving event, investors may want to monitor developments that can help gauge where the market is heading.

There has already been a big surge in crypto-related activity, and the halving is still about a month away. This could be foreshadowing even bigger moves to come. The spot Bitcoin ETFs have been the most successful launch for an ETF in history, with over $10 billion in inflows in less than two months. Corporations like MicroStrategy continue buying BTC, while more institutions have begun offering the ETFs to their customers. Bank of America and Wells Fargo, for example, just announced that they will be supporting the ETFs.

There are some specific metrics worth keeping an eye on during this halving cycle, such as:

  • On-chain metrics: what are large holders or “whales” doing with their assets? How much Bitcoin is being held in long-term self-custodied storage that has not moved for many months or years?
  • Exchange activity: Are coins being taken off of or transferred to exchanges? Large withdrawals tend to indicate bullish sentiment, while large deposits tend to indicate intentions of selling.
  • ETF inflows and outflows: How fast does money continue moving into the ETFs? This can be a strong indicator of market sentiment and investor demand for bitcoin.
  • Historical comparisons: How is this halving cycle playing out in comparison to past cycles? Many believe in diminishing returns for each new cycle. However, this time appears to be different, as BTC/USD has never come so close to making a new ATH before the halving has yet to take place.
  • Bitcoin and the FOREX markets: How many currencies around the world are seeing all-time lows versus Bitcoin? Put differently, how many countries are experiencing all-time high prices for bitcoin? As of March 2024, bitcoin has already reached record highs when measured against more than a dozen different currencies.

There are several other variables to consider, but these are some of the most important.

Conclusion

As mentioned in the previous article, the history of the halving has been one of significant impacts throughout the industry. This time promises to have even greater implications, as a great new influx of demand is coinciding with a decrease in supply.

This article was written by Brian Nibley at www.financemagnates.com.
Source : Finance Magnates
7 days ago

Coinbase Challenges SEC in Court, Seeks Crypto-Specific Rules Again

The legal battle between Coinbase and the Securities and Exchange Commission (SEC) heated up as the crypto exchange moved to court to force the agency to begin a “long-overdue rulemaking process.”

The Crypto Exchange’s Push for Clear Rules

According to a filing at the US Court of Appeals for the Third Circuit yesterday (Monday), Coinbase accused the US regulator of breaking the Administrative Procedures Act when it denied the exchange’s petition in 2022 to make crypto-specific rules. The SEC did not even provide sufficient reasoning behind its denial.

“The SEC lacks statutory authority to extend the existing securities regime to digital assets. But, if the SEC insists on plowing ahead without congressional authorization, that decision must be made and implemented through prospective rulemaking,” Coinbase said.

The San Francisco-based exchange highlighted that the regulator must “provide a reasoned justification for refusing to engage in rulemaking.” The motion even labeled the regulator’s earlier denial “arbitrary and capricious.”

Clear Rules Are Necessary

The crypto exchange initially asked the SEC to provide guidance for the crypto industry in July 2022. The exchange sued the agency in April 2023, forcing it to either confirm or deny the decision. Later, the SEC denied the new rule-making, saying that the existing financial market regulations apply to crypto.

“The [SEC] is asserting sweeping new authority over a vibrant, rapidly expanding industry — digital assets. But the SEC is pursuing this power grab through enforcement actions, and it has refused to set forth its new interpretation of its enabling statutes in a rulemaking, where the lack of legal basis for its self-aggrandizement would be laid bare,” the exchange noted.

“The SEC is seeking to effect dramatic changes to industry-wide policy that would undermine reliance interests and impose severe retroactive penalties, contrary to the requirements of the APA.”

Meanwhile, the SEC had two major legal setbacks in its action against Ripple and Greyscale, as the court sided with the crypto companies. However, the agency emerged victorious against its actions against other crypto firms. Coinbase is also defending itself against charges of running an unregistered securities exchange, broker, and clearing agency brought by the SEC.

This article was written by Arnab Shome at www.financemagnates.com.
Source : Finance Magnates
5 days ago

South Africa Navigates Crypto Regulations: To License 60 Firms This Month

South Africa is planning to license approximately 60 cryptocurrency platforms by the end of March. According to a report by Bloomberg, this initiative by the Financial Sector Conduct Authority (FSCA) underscores the nation's proactive approach towards regulating the burgeoning crypto sector.

The FSCA revealed that the response exceeded expectations, with more than 300 crypto-asset providers seeking regulatory approval. The deadline for application for the licenses is set for November 30.

Utilizing Existing Regulatory Frameworks

Rather than developing a standalone regulatory framework for crypto operators, the FSCA has opted to leverage the existing Financial Advisory and Intermediary Services Act. The regulator aims to bolster consumer protection and accountability within the sector by bringing crypto exchanges under the purview of this regulation.

Notably, the new guidelines offer a recourse in case of breaches or misconduct by the crypto platforms' operators. This regulatory oversight aims to instill confidence among investors and mitigate potential risks associated with crypto trading.

The Commissioner, Unathi Kamlana, acknowledged that while the regulation serves as a robust foundation for crypto oversight, ongoing supervision may reveal gaps that necessitate additional measures. As the FSCA continues to license and monitor crypto platforms, it remains open to refining regulatory frameworks to effectively address emerging challenges.

Last year, South Africa authorized all crypto exchanges operating within the country to register with the FSCA. Failure to comply with this directive could lead to enforcement actions, such as fines or business closure. The new regulations aim to safeguard investors from potential fraud and ensure greater accountability within the digital asset space.

South Africa Regulates Crypto

The directive from the FSCA affects major cryptocurrency exchanges like Binance, Coinbase, Kraken, and KuCoin, all of which are currently operating in the region. This move followed some reported cases of fraud, including the infamous Africrypt incident where Bitcoins worth $3.6 billion went missing due to alleged hacking.

Besides that, the FSCA's decision to tighten regulations is influenced by past investigations, such as the probe into Mirror Trading International (MTI), a cryptocurrency trading network operating in South Africa. Previously, the US Commodities and Futures Trading Commission sued MTI for its involvement in what was dubbed "the largest fraudulent scheme involving Bitcoin."

This article was written by Jared Kirui at www.financemagnates.com.
Source : Finance Magnates
5 days ago

Nigeria Presses Binance amid Economic Turmoil and Detains Executives

Amidst Nigeria's economic struggles, marked by currency devaluation, a tense confrontation has arisen between the government and the cryptocurrency platform Binance. The situation escalated with the detention of two senior Binance executives, Nadeem Anjarwalla and Tigran Gambaryan, sparking concerns about diplomatic tensions and the regulatory landscape surrounding cryptocurrencies in Nigeria.

Authorities Demand User Data amid Allegations of Currency Speculation

The Nigerian government has intensified its crackdown on cryptocurrency activities, accusing Binance of facilitating currency speculation and undermining the central bank’s authority. Amid these accusations, authorities are pressing Binance for crucial user data, including information on its top 100 users and transaction histories spanning the past six months. These demands coincide with Nigeria’s efforts to stabilize its currency, the naira, which has faced significant devaluation in recent times.

President Bola Tinubu’s administration, which has introduced market-friendly reforms to attract foreign investment, views cryptocurrency exchanges as a threat to these efforts. The government's crackdown on Binance and other platforms underscores its focus on restoring confidence in the naira and curbing economic instability.

The detention of Anjarwalla and Gambaryan in Abuja, Nigeria’s capital, has added a diplomatic dimension to the conflict. The executives have been held for over two weeks without formal charges, prompting concerns about legal due process and diplomatic protocols. Efforts to secure their release are underway with both the UK Foreign Office and the US Embassy in Abuja monitoring the situation closely.

Detention of Binance Executives Sparks Concerns

The detention of the Binance executives is widely seen as a tactic to pressure the exchange into compliance with Nigeria’s regulatory demands. However, it also raises broader questions about investor confidence and the international perception of Nigeria’s regulatory environment. The uncertainty surrounding Binance's operations in Nigeria has been further exacerbated by the exchange's decision to remove support for trading the naira, reflecting the challenges posed by regulatory scrutiny.

This article was written by Tareq Sikder at www.financemagnates.com.
Source : Finance Magnates
4 days ago

SFC Alerts: MEXC Tiptoes on Thin Ice with Unlicensed Trading Platform

The Securities and Futures Commission (SFC) has issued a warning to the public regarding a purported virtual asset trading platform (VATP) operating under the name "MEXC."

MEXC's Unauthorized Operations Highlight Regulatory Breach

The SFC's caution comes amidst the active promotion of its services to Hong Kong investors, despite MEXC neither holding a license from the SFC nor initiating the process to obtain one for operating a VATP in Hong Kong.

Operating a business of providing virtual asset services, such as running a virtual asset exchange, without proper licensing is a violation of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. Furthermore, actively marketing such services to Hong Kong investors without authorization is considered unlawful.

As a result, the SFC has taken decisive action by listing MEXC and its website on the Suspicious Virtual Asset Trading Platforms Alert List as of March 15, 2024.

SFC Advises Caution amidst Growing Virtual Asset Risks

The SFC's warning underscores the risks associated with trading virtual assets on unregulated platforms. Investors are cautioned that in the absence of regulatory oversight, they face significant vulnerabilities, including the potential loss of their entire investment. Instances such as operational cessation, collapse, hacking, or misappropriation of assets can leave investors exposed to substantial financial harm.

Earlier, the SFC cautioned investors against Bybit and its offerings due to the cryptocurrency exchange's lack of licensing. Specifically, 11 of Bybit's products have been flagged as suspicious investments, including futures contracts, options, and leveraged tokens.

In light of these concerns, the SFC urges investors to exercise vigilance and refrain from engaging with unlicensed VATPs. For those uncertain about the licensing status of a VATP, the SFC directs them to consult its List of licensed virtual asset trading platforms for verification and protection.

This article was written by Tareq Sikder at www.financemagnates.com.
Source : Finance Magnates
6 days ago

Bitcoin Rally Fuels 5th Consecutive Month of Growth in Feb 2024 Crypto Trading Volumes

The Bitcoin (BTC) rally to historical highs in February has caused a significant increase in spot trading turnover on the largest cryptocurrency exchanges. There has been a notable reshuffle among the top platforms: thanks to a sevenfold increase compared to February 2023, ByBit is currently the second-largest exchange in terms of volume, surpassing UpBit, OKX, and Coinbase.

Crypto Spot Volumes Grows for 5 Months, ByBit Becomes the Second-Largest Exchange

Although February was a shorter month in terms of trading sessions, the dynamic Bitcoin rally and the test of historic highs above $69,000 provided tremendous fuel for the growth of trading activity indicators.

This is also evident from the spot volumes of the ten largest exchanges, whose turnover grew 5% from the $916 billion reported in January to nearly $960 billion in February. The result marks the fifth consecutive month of growth and a significant improvement compared to February 2023. On a year-over-year (YoY) basis, volumes jumped 22%, growing from $783 billion.

"In February, the combined spot and derivatives trading volume on centralized exchanges rose 2.28% to $4.73tn as trading activity remains at a heightened level with Bitcoin nearing new all-time highs," CCData commented in its newest volume report.

There was also a reshuffle among the top five exchanges regarding volume. ByBit jumped to second place, growing 16% month-over-month and an astonishing 708% YoY, reaching a volume of $97.4 billion. As a result, it overtook Upbit and OKX, whose monthly volumes slid 13-14%. Coinbase remains in fifth place with a result of $73 billion.

"The exchange also recorded its highest-ever daily spot trading volume on February 28th, trading $8.58 billion," CCData added.

These changes significantly increased ByBit's share of the entire spot trading market, which currently stands at 10%. Binance remains the undisputed leader, and its share grew by four percentage points compared to January. As a result, Binance's turnover currently accounts for more than half of the spot market.

Annual Volume Growth for Most Exchanges

Binance is the only exchange that experienced a decline in volume, dropping modestly by 7% compared to February 2023. However, other platforms record high growth rates. Apart from ByBit, which surged over 700% as mentioned earlier, Huobi also saw an almost threefold increase in volume, and Bitfinex doubled its trading activity.

The result increased from $13 billion to over $47 billion for Huobi, while it grew from $4 billion to nearly $9 billion for Bitfinex.

The fact that we are almost halfway through March and the Bitcoin price is still testing new historical highs above $70,000 suggests that trading volumes of the largest exchanges will record increases this month.

In particular, inflows to new ETF funds continue to grow, and Grayscale wants to add another wave of fresh demand with its newest Mini Bitcoin Trust ETF, offering tax-free crypto exposure.

Moreover, the market eagerly awaits the halving event, which is set to take place in just over a month. In the past, halvings have caused significant price jumps for Bitcoin, and analysts are already speculating that it may soon reach six-figure values.

This article was written by Damian Chmiel at www.financemagnates.com.
Source : Finance Magnates
1 days ago

Zodia Custody Secures TCSP License in Hong Kong for Digital Asset Custody

Zodia Custody (HK) has been granted a Trust or Company Service Provider (TCSP) License in Hong Kong. This license, supported by Standard Chartered, represents a pivotal moment for the institution-first provider of digital asset custody solutions.

Meeting Institutional Demands

With the acquisition of the TCSP License, Zodia Custody (HK) is poised to offer comprehensive custody services for digital assets under the TCSP Licensing Regime. Hong Kong stands as a critical hub within the global digital asset ecosystem. The licensing enables Zodia Custody (HK) to cater to the demands of both local and international institutional clients effectively.

Zodia Custody (HK) emphasized the importance of this milestone in solidifying the firm's position as a known player in the digital asset custody market in Hong Kong. They highlighted the significance of offering a regulated platform that adheres to TCSP requirements, ensuring trust and reliability for institutional clients.

The TCSP License opens avenues for Zodia Custody (HK) to provide institutions operating in the region with a trusted platform. By complying with regulatory frameworks, the firm aims to offer an infrastructure that meets the stringent standards of the industry, bolstering confidence among stakeholders.

Zodia Markets' Global Footprint Growth

In the past year, Zodia Custody expanded its crypto security services to Hong Kong's financial institutions, aligning with institutional demand for crypto asset storage, as reported by Finance Magnates. Originating in 2020 as the UK-based crypto arm of Standard Chartered, Zodia aimed to penetrate the Asian market, including recent ventures in Japan, Singapore, and Australia. In Australia, the introduction of SAF3, a digital asset custody platform tailored for institutional use, highlighted Zodia's emphasis on responsible adoption.

Furthermore, Zodia Markets secured registration as a Virtual Asset Service Provider with the Central Bank of Ireland, enhancing its credibility. Earlier, the company obtained In-Principle Approval from the Abu Dhabi Global Market, paving the way for regulated operations in the Middle East and Africa.

This article was written by Tareq Sikder at www.financemagnates.com.
Source : Finance Magnates
6 days ago

Archax and Talos Forge Partnership to Enhance Institutional Crypto Trading

Archax, the Financial Conduct Authority (FCA) regulated exchange, broker, and custodian for digital assets, has announced a strategic partnership with Talos, an institutional crypto trading platform. This collaboration aims to revolutionize institutional access to digital assets by combining Archax's regulatory expertise with Talos's market-leading capabilities.

Partnership Expands Archax's Regulatory Reach

The partnership will enable Archax to leverage its FCA cryptoasset registration alongside Talos's network of crypto liquidity providers and venues. This move is poised to strengthen Archax's burgeoning over-the-counter (OTC) trading desk, enhancing liquidity and efficiency in navigating crypto markets.

Anton Katz, the CEO, and Co-Founder of Talos, emphasized the importance of the partnership in driving institutional adoption of digital assets. "We are thrilled to join forces with Archax in our shared commitment to drive institutional adoption of digital assets," said Katz. "By integrating Archax's exchange and custody services into the Talos platform, we are providing our institutional clients with access to digital asset solutions that meet rigorous standards for security and regulation."

Archax will integrate its institutional-grade exchange and custody services directly into the Talos platform, expanding its premium offerings to Talos's institutional trading network. This includes regulated digital assets such as tokenized money market funds and crypto capital protected notes.

Graham Rodford, the CEO and Co-Founder of Archax, expressed enthusiasm about the collaboration: "Our collaboration with Talos represents yet another step forward in our mission to empower institutional investors with seamless access to all types of digital assets. By partnering with Talos, we're set to offer unparalleled liquidity, reliability, and robustness to the global institutional trading community."

Introducing Crypto/MMF Pairs for Enhanced Security

Archax has planned to introduce crypto/MMF pairs to enhance security and profitability for investors, as reported by Finance Magnates. Unlike traditional exchanges, this move offers regulated MMF instruments, reducing counterparty risks. These pairs will be available on Archax's platform, expanding from Bitcoin and Ethereum to include Solana, Litecoin, and trading against USDC and GBP. This initiative opens new avenues for crypto investments and aligns with Archax's goal of diversifying its offerings with regulated assets.

This article was written by Tareq Sikder at www.financemagnates.com.
Source : Finance Magnates
3 days ago

Binance's $10 Billion Venture Capital Unit Goes Independent: Report

The top cryptocurrency exchange Binance has spun off its venture capital arm, Binance Labs, with a valuation of $10 billion. This move, orchestrated under the leadership of the exchange's new CEO, Richard Teng, marks a notable shift in the company's operations.

Previously integrated into the broader Binance Group, Binance Labs will operate as an independent entity, as confirmed by a spokesperson who spoke to Bloomberg.

Binance Labs' Transition

Currently, employees at Binance Labs operate under separate contracts in a similar setup to that at BNB Chain, a digital ledger supported by Binance. Despite this new arrangement, Binance Labs will continue to license the Binance brand, ensuring its connection to the renowned cryptocurrency exchange.

Meanwhile, the crypto community is following the development within Binance, especially following a penalty worth $4.3 billion recently imposed on the exchange and the transition in its leadership.

Binance Labs is a venture capital investor and an incubator for early-stage projects. The firm's portfolio encompasses approximately 250 projects, including Sky Mavis, Aptos Labs, and Polygon. Binance Labs has assets valued at over $10 billion.

Recently, Binance terminated all the Nigerian naira services due to an ongoing legal dispute with the Nigerian government. This move occurred after escalating tensions between the cryptocurrency exchange and Nigerian authorities, who are demanding nearly $10 billion in compensation from Binance over allegations of currency manipulation.

Economic Challenges and Regulatory Scrutiny

The legal dispute between Binance and the Nigerian government escalated, with accusations of manipulation of foreign exchange rates through currency speculation and rate fixing. This disagreement led to the cessation of all Nigerian naira-related services on Binance, affecting deposits and withdrawals.

Nigeria, as one of the world's largest cryptocurrency markets, faces significant economic challenges, leading to the depreciation of the Nigerian naira. Regulatory scrutiny has intensified, with calls for bans on cryptocurrency platforms, like Binance and KuCoin. Bayo Onanuga, an adviser to Nigeria's President, has urged regulatory intervention, accusing these platforms of manipulating Nigeria's fiat currency.

Despite regulatory pressure and allegations, Binance defended its market-based operations, denying any attempts to influence Nigeria's currency pricing. The standoff underscores the broader debate surrounding cryptocurrency regulation and its implications for national currencies, reflecting the complexities of the evolving financial landscape.

This article was written by Jared Kirui at www.financemagnates.com.
Source : Finance Magnates
6 days ago

EU Takes Aim at Multi-Currency Stablecoin Regulation with EBA Draft

The European Union's pursuit of regulatory clarity in the realm of cryptocurrencies took another stride as the European Banking Authority (EBA) published its latest draft requirements for stablecoins, referencing multiple currencies under the Markets in Crypto Assets (MiCA) regulation today (Wednesday).

EBA Sets Guidelines for Complaints on Asset Reference Tokens

Collaborating with the EU's markets regulator, the European Securities and Markets Authority, the EBA has been crafting rules under the MiCA framework. This latest publication marks the culmination of efforts, with more batches expected to follow as part of the consultation process.

The draft Regulatory Technical Standards released by the EBA delineate the stipulations, templates, and procedures for complaints received by issuers of what MiCA defines as asset reference tokens (ARTs). Unlike traditional stablecoins, which are typically pegged to a single currency, such as the euro or US dollar, ARTs possess the flexibility to reference multiple currencies or other assets, including cryptocurrencies.

Notably, the MiCA regulation places a significant emphasis on establishing stringent requirements for stablecoin issuers. While the broader MiCA framework is slated to come into effect in December, the regulations specific to stablecoins are anticipated to be enforced as early as this summer. The regulatory landscape surrounding cryptocurrencies has been evolving rapidly as authorities seek to balance innovation with investor protection and financial stability.

Minimum Capital and Liquidity Requirements for Stablecoins

Earlier, the EBA proposed regulations for cryptocurrency and stablecoin markets, as reported by Finance Magnates. These rules include minimum capital and liquidity requirements for stablecoin issuers to ensure they have sufficient funds for investor redemptions. The regulations aim to establish a framework for the stablecoin industry and prevent potential crises.

Key elements include maintaining liquidity for asset reserves backing stablecoins and using only high-quality assets. The proposed regulations align with the Markets in Crypto-Assets Regulation to monitor and mitigate risks from asset-referenced tokens and e-money tokens in non-EU currencies.

This article was written by Tareq Sikder at www.financemagnates.com.
Source : Finance Magnates
6 days ago

Crypto Mixer Operator Found Guilty for Laundering $400 Million

Roman Sterlingov, the operator of the $400 million Bitcoin Fog crypto mixer, was convicted of money laundering and other related charges in the United States yesterday (Tuesday). The verdict came after a four-week-long trial.

Convicted of Operating a Crypto Mixer

The 35-year-old is a citizen of Russia and Sweden and has now been convicted of multiple charges, including conspiracy to launder money, engaging in sting operations to money laundering, running an unlicensed money transmitting business, and violations of the D.C. Money Transmitters Act.

According to the US Justice Department, Bitcoin Fog was one of the “longest-running and most prolific Bitcoin money laundering services on the darknet.” The platform was operated by Sterlingov from October 2011 to April 2021 and offered services to “criminals seeking to hide their illicit proceeds from law enforcement.”

The platform moved more than 1.2 million Bitcoin, valued at about $400 million at the time of the transactions. These cryptocurrencies mostly came from darknet marketplaces and were tied to illegal narcotics, computer fraud, and abuse activities, and identity theft. The platform further served “purveyors of child sexual abuse material.”

The jury further granted forfeiture of seized assets belonging to Bitcoin Fog, including over 1,354 Bitcoin held in the platform’s wallet, $349,625 in cash, and other cryptocurrencies seized from the accounts on Kraken.

The Sentencing Is Due

Sterlingov is now looking at a maximum prison sentence of 50 years for all the conviction counts combined. His sentencing has been scheduled for July 15, 2024.

“Roman Sterlingov thought he could use the shadows of the internet to launder hundreds of millions of dollars in Bitcoin without getting caught. But he was wrong,” said Deputy Attorney General Monaco.

Jim Lee, the IRS Criminal Investigation Chief, stated: “Evidence presented at trial clearly showed that the defendant laundered hundreds of millions of illicit funds from the dark web through Bitcoin Fog in an attempt to conceal the origin of those funds.”

Meanwhile, the lawyer representing Sterlingov, Tor Ekeland, tweeted about their decision to appeal against the jury verdict.

The conviction of Sterlingov cements the US authorities’ stance to go against the Bitcoin mixing services. Earlier, US prosecutors charged Roman Semenov and Roman Storm, the founders of Tornado Cash, another crypto-mixing service. The duo were blamed for laundering about $1 billion in dirty money, and the trial is scheduled for later this year.

This article was written by Arnab Shome at www.financemagnates.com.
Source : Finance Magnates
3 days ago

US Senators Urge SEC to Halt Crypto ETP Approvals Due to Disclosure Concerns

The Securities and Exchange Commission (SEC) is facing pressure from Congress to halt the approval of new cryptocurrency exchange-traded products (ETPs) due to concerns about risks posed to retail investors.

According to a letter written to the regulator on March 11, Senators Jack Reed and Laphonza Butler emphasized the dangers posed by inadequate disclosure by brokers and insufficient liquidity in major cryptocurrencies.

Brokers under Scrutiny

The senators mentioned: "We write to urge the Securities and Exchange Commission (SEC) to take steps to protect investors following its recent approval of the listing and trading of certain spot Bitcoin exchange-traded products (ETPs)."

"The SEC's approvals have provided a green light for Wall Street to sell volatile cryptocurrency investments to ordinary Americans through their brokerage and retirement accounts."

Senators Reed and Butler highlighted findings from a survey conducted by FINRA revealing that 70% of brokers' communications with retail investors violated fair disclosure rules. Specifically, the legislators raised questions over brokers falsely equating cryptocurrency with cash and providing misleading explanations of cryptocurrency risks. Such deficiencies reportedly highlight incomplete and deceptive information regarding Bitcoin ETPs.

Risk Factors

The legislators argue that labeling spot Bitcoin ETFs as such obscures important characteristics, potentially misleading retail investors. They stressed the need for investors to understand the differences between ETPs and traditional funds.

Additionally, Reed and Butler expressed skepticism about the integrity of cryptocurrencies, particularly highlighting the vulnerability of Bitcoin and its susceptibility to fraudulent schemes. They warned of the risks retail investors could face from ETPs linked to cryptocurrencies, especially those prone to price manipulation.

In January, the SEC approved 11 spot Bitcoin ETFs. This happened after years of anticipation and rejections, signaling a significant shift in how investors can access and engage with cryptocurrencies on traditional financial platforms.

The approval of spot Bitcoin ETFs simplified retail investors' access to cryptocurrencies, enabling them to trade crypto through their brokerage accounts. This eliminates the need for separate crypto exchanges and mitigates risks associated with direct holdings, such as security breaches and fraud.

This article was written by Jared Kirui at www.financemagnates.com.
Source : Finance Magnates
7 days ago

CoinShares Bolsters Global AUM to $7.3 Billion with Valkyrie Acquisition

CoinShares International Limited the European investment company specializing in digital assets, has finalized its acquisition of Valkyrie Funds LLC and the investment advisory business of Valkyrie Investments Inc., along with the Sponsor rights to the Valkyrie Bitcoin Fund, a physically-backed Bitcoin ETF.

CoinShares' Global AUM Reaches Approximately $7.3 Billion

This acquisition, which incorporates approximately $530 million of assets under management (AUM) from Valkyrie, has propelled CoinShares' global AUM to approximately $7.3 billion as of March 11, 2024. CoinShares had previously secured the option to acquire Valkyrie in November 2023, and the acquisition process commenced following the launch of Valkyrie Bitcoin Fund in January 2024.

Frank Spiteri, CoinShares' Head of Asset Management, remarked: "As Europe's leading investment company specialising in digital assets, CoinShares has consistently demonstrated trust and reliability with its crypto products and services since 2014. Our expertise is unparalleled in the crypto space, allowing us to serve not just as leaders but also as educators for our clients. We are committed to guiding them through this dynamic journey, which is supported by our seasoned research team and innovative solutions. Our promise is to be a trusted partner in navigating the complexities of digital assets."

Diverse Product Offerings: Showcasing $WGMI and $BTF

Moving forward, CoinShares aims to leverage the infrastructure of the Valkyrie ETF to expand its US asset management operations, focusing on product innovation and market distinction. The new platform will function as a forward-looking thematic asset manager for the US market, drawing on the success of unique thematic products such as $WGMI, recognized as the highest-performing non-leveraged ETF across all sectors in 2023, and the recently introduced $BTFX, a 2x leveraged bitcoin futures ETF.

Jean-Marie Mognetti, the CEO of CoinShares, commented on the acquisition: "The Valkyrie acquisition is yet another step in our growth strategy with a special focus this time in the U.S. This acquisition brings an additional $530 million AUM to CoinShares, which makes it a top line contributor from day one. More importantly, it broadens our product offerings, strengthens our innovation capacity, and increases by a factor of 15 our total addressable market."

This article was written by Tareq Sikder at www.financemagnates.com.
Source : Finance Magnates
6 days ago

Coinbase Eyes to Offer $1 Billion Convertible Notes, Shares Dip Afterhours

Coinbase (Nasdaq: COIN), the largest cryptocurrency exchange in the United States, is planning to raise $1 billion through the issuance of convertible senior notes. Announced yesterday (Tuesday), the proceeds will be utilized to repay debt and other general corporate purposes.

Investors React to the Bond Sale

The company is avoiding the sale of its equity, which could hurt its stock prices. However, the publicly-listed stock prices of the company dropped more than 1 percent after hours following the announcement of the convertible bond issuance.

The exchange will sell the convertible notes through private offerings only to institutional investors. The convertible notes will have a maturity date in 2030 and will allow the investors to redeem them in cash or Class A shares of the company or in a combination of both.

Furthermore, the San Francisco-headquartered exchange expects to grant a 30-day option to purchase up to an additional $150 million notes to cover over-allotments.

The debt the exchange wants to repay with the planned convertible notes is outstanding: 0.5 percent convertible senior notes due in 2026, 3.375 percent senior notes due in 2028, and 3.625 percent senior notes due in 2031. The general corporate purpose to be fulfilled by the proceeds from the convertible notes might include “working capital and capital expenditures, and to pay the cost of the capped call transactions.”

“Coinbase may also use a portion of the net proceeds to make investments in and acquisitions of other companies, products, or technologies that Coinbase may identify from time to time,” the exchange noted.

The MicroStrategy Playbook

Coinbase’s plan to issue the convertible notes echoes a model mastered by MicroStrategy, a business analytics company known for its massive Bitcoin investment. Under the leadership of Michael Saylor, MicroStrategy purchased 205,000 Bitcoin worth around $15 billion over the years by raising about $2 billion through convertible notes. MicroStrategy sold $700 million worth of convertible notes.

Coinbase's decision came when the cryptocurrency market witnessed a massive bullish sentiment. Bitcoin is trading at an all-time-high value, nearing $73,000 a piece.

This article was written by Arnab Shome at www.financemagnates.com.
Source : Finance Magnates
5 days ago

Bybit under Scrutiny: Hong Kong's Regulator Warns Crypto Investors

Hong Kong's Securities and Futures Commission (SFC) has warned investors about Bybit and several of its offerings. The SFC highlighted the cryptocurrency exchange's lack of licensing, cautioning investors about the risks of engaging with the firm. The regulator has flagged 11 of Bybit's products as suspicious investments, raising concerns about potential risks to investors.

Specifically, the SFC flagged multiple products offered by Bybit, including futures contracts, options, leveraged tokens, and various other crypto-related services. These products have reportedly been marketed to investors in Hong Kong without proper authorization, potentially exposing them to significant financial risks.

Regulatory Compliance and Investor Protection

In Hong Kong, dealing in crypto-related products falls under regulated activities, requiring entities to obtain proper licensing from the SFC. The financial watchdog emphasized its commitment to taking enforcement action against unlicensed activities, stressing the importance of investor caution.

The SFC mentioned: "Investors may risk losing their entire investment made with an unlicensed entity if it ceases operation, collapses or otherwise suffers from any misappropriation of assets. Seeking recourse against entities that do not have a nexus with Hong Kong is likely to be difficult, and legal remedies may not be available."

Suspected Fraud and Regulatory Response

Recently, the SFC launched an investigation into BitForex, a cryptocurrency exchange, due to suspected fraud. The exchange's sudden disappearance on February 23 and the reported disappearance of $57 million from its hot wallets raised significant concerns within the cryptocurrency community.

The SFC flagged BitForex and added it to its alert list due to the exchange's lack of licensing or registration to operate a Virtual Asset Trading Platform in Hong Kong. This move happened after BitForex abruptly went offline, leaving users unable to access their accounts and sparking fears of potential fraud.

Besides that, the SFC requested that the Hong Kong Police Force block access to BitForex's website links and social media pages. This collaborative effort aims to protect investors from potential fraudulent activities associated with unregistered cryptocurrency exchanges.

This article was written by Jared Kirui at www.financemagnates.com.
Source : Finance Magnates
7 days ago

Thailand Amends Crypto Rules: Opens Bitcoin ETFs for Institutional Investors

Thailand’s Securities and Exchange Commission (SEC) is allowing asset management firms in the country to launch private funds to offer bitcoin exchange-traded funds (ETFs). However, the offerings must be limited to institutional investors and ultra-high-net-worth investors.

Bitcoin ETFs for Thai Investors

According to a Bangkok Post report today (Tuesday), the private funds managed by the local asset management firms can invest directly into US-listed Bitcoin ETFs. The decision to allow the restricted investment was taken by the board of the Thai regulator last week.

“Asset management firms asked the SEC for them to have exposure in digital assets, especially Bitcoin and spot Bitcoin ETFs, but we need to consider carefully whether to allow asset management firms to invest in digital assets directly due to the high risk,” said the Thai SEC’s Secretary General, Pornanong Budsaratragoon.

A Bullish Crypto Market

The decision to open the investment channel to Bitcoin ETFs came when the cryptocurrency market witnessed a bullish run. Bitcoin recently achieved a new all-time-high value beyond $71,000 and is now approaching $72,000.

In the US, 11 spot Bitcoin ETFs have been available to all investors, retail and institutional since the financial market regulator approved the instruments last month. Mainstream financial services giants like Blackrock and Fidelity are also offering Bitcoin ETFs.

Under the local Thai rules, securities companies in the country can offer trading with assets classified as securities. While approving the Bitcoin ETFs, the US regulator classified the instrument as securities rather than digital assets, opening them up for Thai securities firms.

However, the Thai regulator was initially skeptical of Bitcoin ETFs. Following the decision of the US regulator, the Thai regulator confirmed that it will not allow Bitcoin ETFs in the local market, citing that these products are still in very early stages, and such products may not be of direct economic value when it comes to the appropriateness of the Thai market.

This article was written by Arnab Shome at www.financemagnates.com.
Source : Finance Magnates
6 days ago

Sumsub and Chainalysis Partner to Fortify Businesses against Crypto Fraud

Sumsub, a verification platform, has partnered with Chainalysis to provide businesses with a solution for Know Your Customer (KYC), Anti-Money Laundering (AML), and transaction monitoring. According to the press release, Sumsub's integration of the blockchain analysis firm aims to give users automated transaction monitoring, enhanced fraud detection, and access to a unified dashboard.

Crypto Compliance and Security

Jacob Sever, the Co-Founder and Chief Innovation Officer at Sumsub, mentioned: "Sumsub's solution-enhanced capabilities, integrated with Chainalysis' analytics and key management model, are reshaping the landscape of crypto compliance and security in the digital realm."

"Through this integration, businesses can align with stringent global AML and KYC regulations, fostering trust and confidence in crypto transactions."

According to Sumsub, businesses can access tools to ensure compliance and combat fraud using the new platform. Besides that, crypto users can benefit as regulations continue to evolve.

Ian Andrews, the Chief Marketing Officer at Chainalysis, mentioned: "Partnering with Sumsub, a leading identity verification and fraud prevention platform, is another step for us towards bringing greater trust and transparency into the crypto world."

"By developing an integration between Sumsub's platform and our crypto risk solution, we're providing next-generation digital infrastructure for security and compliance controls in the crypto industry."

Among the companies that have integrated Sumsub to automate KYC processes is Match-Trade Technologies. The company offers AI-powered checks to eliminate the need for manual document reviews.

Sumsub Targets Crypto Businesses

Sumsub screens potential clients against sanction lists and other red flags, helping brokers stay compliant and mitigate fraud risks. According to the company, verification ensures a seamless onboarding process for trading platforms.

In the financial sector, new accounts are opened daily. KYC processes safeguard institutions by verifying the identity of their clients and uncovering potential red flags. This deters criminal activity and helps build trust and transparency within the financial system.

Financial institutions employ a layered approach, starting with Customer Identification Programs that verify basic details like name, address, and ID. Next comes Customer Due Diligence, which delves deeper into assessing potential risks associated with each client. Finally, Enhanced Due Diligence provides the most scrutiny, reserved for high-risk cases.

Notably, KYC protocols continue to advance as technology evolves. For instance, AI and digital identity solutions are streamlining the process, making it faster and more efficient. Additionally, facial biometrics hold promise as a future standard, offering even greater accuracy.

This article was written by Jared Kirui at www.financemagnates.com.
Source : Finance Magnates
4 days ago

TradingView Enhances DeFi Tools on Polygon via QuickSwap Partnership

TradingView, a platform for financial analysis and trading, has announced a collaboration with QuickSwap, a decentralized exchange and DeFi ecosystem operating on Polygon. This collaboration aims to enhance the trading experience on QuickSwap's decentralized Perpetual Exchange (QuickPerps) interface by integrating TradingView Advanced Charts.

Decentralized Trading with QuickPerps: Up to 50x Leverage

QuickSwap is known for its fast and low-cost transactions across multiple Polygon chains, leveraging the network's interoperability and infrastructure. The integration of TradingView Advanced Charts into QuickPerps is set to enrich the platform's efficiency. QuickPerps allows users to trade perpetual swap contracts with leverage of up to 50x in a decentralized and permissionless manner.

The integration merges QuickSwap's efficient trading environment with TradingView's charting tools, including high-performance charts supplied with real-time data from trusted sources, multiple drawing tools, and various indicators. This collaboration is designed to elevate the trading experience on QuickPerps, providing traders with advanced tools to make well-informed decisions within the decentralized finance space.

DXtrade Integrates with TradingView for Advanced Charting

Trading platform providers DXtrade and TradingView have partnered to support their broker partners, with TradingView serving as an advanced charting frontend as reported by Finance Magnates. This integration opens new business opportunities for brokers by offering integrated TradingView charting and community features alongside DXtrade's trading backend.

DXtrade, developed by Devexperts, will directly connect its trading backend with TradingView, streamlining the process for brokers licensing DXtrade. This centralizes key functionalities like order execution, risk management, and commissions within DXtrade. The collaboration expands DXtrade's reach to TradingView's 50 million active traders worldwide, offering brokers visibility and direct signups on the popular platform.

Jon Light, the Head of OTC Platform at Devexperts, highlighted the integration's benefits for brokers, simplifying the offering of execution services on TradingView and tapping into its vast network of traders. DXtrade supports trading across various asset classes, including stocks, derivatives, CFDs, and cryptocurrencies. Meanwhile, TradingView provides advanced charting, analytics, and community tools. This partnership aims to create a unified broker and trader experience by connecting these platforms seamlessly.

This article was written by Tareq Sikder at www.financemagnates.com.
Source : Finance Magnates
6 days ago

Grayscale Files Mini Bitcoin Trust ETF: Tax-Free Exposure for Investors

Grayscale, the digital currency investment manager, made a move in the cryptocurrency market by filing for the registration of a new "mini" version of its Grayscale Bitcoin Trust (GBTC) exchange-traded fund (ETF) yesterday (Monday). This new offering is set to operate under the ticker symbol "BTC" and aims to provide investors with tax-free exposure to Bitcoin.

Bitcoin Mini Trust to Enhance Investor Options

The filing, submitted to the United States Securities and Exchange Commission (SEC), marks a strategic expansion of Grayscale's offerings in the cryptocurrency investment landscape. If approved, the Grayscale Bitcoin Mini Trust would be listed on the New York Stock Exchange as an independent entity from Grayscale’s main GBTC fund.

According to the filing, shares of the new Bitcoin trust will be distributed to existing GBTC shareholders, with an undisclosed amount of Bitcoin contributed by GBTC to the new trust. This move is seen as a step towards offering investors a cost-competitive product, as highlighted by Bloomberg's ETF analyst, James Seyffart, who mentioned that it would likely be a non-taxable event for shareholders.

The announcement comes against the backdrop of Bitcoin's soaring price, hitting a new all-time high of $71,415 on March 11, coinciding with Grayscale's filing. This surge in Bitcoin's value underscores the growing interest and adoption of cryptocurrencies among investors.

Zero Fees for Bitcoin Trust ETF Sparks Competition

In a related development, the asset manager VanEck revealed plans to reduce all its sponsor fees to zero for the first $1.5 billion of funds in its Bitcoin Trust ETF until March 31, 2025. This move reflects the intensifying competition and efforts among market participants to attract investors in the rapidly evolving cryptocurrency space.

However, while Bitcoin-related ETFs continue to gain momentum, the outlook for Ether-based ETFs appears less optimistic. The SEC's lack of communication and silence on Ether ETF approvals has cast doubts on their potential approval by May. Bloomberg's Senior ETF analyst, Eric Balchunas, downgraded the likelihood of an Ether ETF approval to just 35%, citing the absence of feedback from the regulatory authority as a concerning factor.

This article was written by Tareq Sikder at www.financemagnates.com.
Source : Finance Magnates
6 days ago

OKX Joins Growing List of Crypto Exchanges with Singapore's MPI License

The crypto exchange OKX has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license through its local subsidiary, OKX SG. This new authorization allows OKX to provide digital payment token services and cross-border transfers in Singapore, pending the full license from MAS.

OKX Secures In-Principle Approval for MPI License in Singapore

With the in-principle approval, OKX plans to focus on its spot product in Singapore and work on establishing local banking connections for its customers.

As an MPI-licensed company, OKX will be able to facilitate multiple payment services exceeding the volume limitations set for payment firms, potentially surpassing the 3 million Singapore dollars (about $2.2 million) limit for any payment service and the monthly limit of 6 million SG$ ($4.4 million) for two or more payment services.

"Singapore has always been a priority country for us as part of our global strategy," said Hong Fang, the President of OKX. "As a regional financial and technology hub, Singapore attracts forward thinkers, entrepreneurs, and innovators who are open to venturing into the new. It's a market of early adopters who are well-versed in technology."

Fang praised Singapore's regulatory framework as "clear and thoughtful," enabling businesses to build for the long-term.

It is another license granted by MAS in recent weeks. As Finance Magnates reported on last Wednesday, Bitstamp, has secured the same in-principle regulatory approval as OKX and became the first European crypto exchange to receive such authorization.

Growing Presence in the Crypto Landscape

The in-principle license approval follows OKX's recent acquisition of a conditional license from Dubai's Virtual Assets Regulatory Authority, allowing the company to offer regulated services for virtual asset service providers in the region.

In the meantime, the crypto exchange achieved compliance with the newest regulation in the United Kingdom that went into effect on 8 January 2024. All new and existing UK OKX customers must complete two questionnaires: an appropriateness assessment and client categorization.

In Singapore, OKX joins other crypto organizations, such as Crypto.com, Coinbase, and Ripple, which have obtained complete payment institution licenses. Additionally, BitGo, a crypto custody business, has received an in-principle approval from MAS, subject to completing further requirements set by the regulator.

This article was written by Damian Chmiel at www.financemagnates.com.
Source : Bitcoin Magazine
Added today

El Salvador Moves Bitcoin Reserves to Cold Storage Vault

El Salvador has officially taken self custody of a large portion of their national Bitcoin treasury.
Source : Bitcoin Magazine
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Mercury Layer's Lightning Latch Swap Protocol

The new atomic swap protocol developed by Commerceblock for their Mercury Layer protocol begins the process of stitching the Lightning Network and statechains together to function as a singular system.
Source : Bitcoin Magazine
1 days ago

$150,000: Standard Chartered Bank Raises Bitcoin Price Forecast for 2024

The success of the Bitcoin ETF has prompted Standard Chartered to increase its year-end price forecast and 2025 price projections.
Source : Bitcoin Magazine
1 days ago

Craig Wright’s Long-Running Satoshi Claim, Analyzed and Debunked

UK Courts firmly reject Craig Wright’s claim of being Satoshi. A chapter closes in Bitcoin’s history.
Source : Bitcoin Magazine
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Four Case Studies: Should You Hold Bitcoin In A Roth IRA?

Bitcoin is generational wealth, but does it make sense to hold bitcoin in your IRA? Unpacking the tradeoffs and advantages of different methods for holding bitcoin for retirement.
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3 days ago

Multisig, Shamir's secret sharing, & MPC compared

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How Miners Learned to Stop Worrying and Love the JPEG

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4 days ago

MicroStrategy Increases Convertible Loan to $525 Million to Buy More Bitcoin

MicroStrategy has upsized its planned convertible senior notes offering to $525 million in order to purchase more Bitcoin.
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Your financial plan may be riskier without bitcoin

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Source : Bitcoin Magazine
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Stabilizing Forces: How Bitcoin ETF Inflows Counter Price Volatility

The scale of inflows to the ETF could provide enough demand side volume to negate the traditional price volatility caused by increasing sell volume as price rises.
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Craig Wright Is Not The Inventor of Bitcoin, Judge Rules

Craig Wright is not the author of the whitepaper or the creator of Bitcoin, declared the judge.
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Cypherpunk Legend Adam Back Says $100,000 Bitcoin Price is 'Overdue'

One of Bitcoin's most significant contributors, Adam Back, believes the asset is currently undervalued, even at all-time price highs above $70,000.
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4 days ago

Senator Marsha Blackburn to Speak on Importance of BTC, Digital Assets for US Economy at Bitcoin Policy Summit in Washington D.C.

Tennessee's longest-serving Congressperson will attend the Bitcoin Policy Institute's annual summit to address critical importance of Bitcoin and digital asset policy.
Source : Bitcoin Magazine
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Bitcoin Has No Top Because Fiat Has No Bottom: Understanding Monetary Debasement

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Source : Bitcoin Magazine
5 days ago

Michael Saylor's MicroStrategy To Raise $500 Million To Buy More Bitcoin

Just two days ago, MicroStrategy bought $821.7 million worth of bitcoin, and now they're going to buy more.
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Saving Seeds in DNA: Bitcoin as Information

Your Bitcoin private keys are simply bits of random information. Information can be encoded and stored in an incomprehensible number of ways, including DNA.
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5 days ago

Bitcoin Hits New Heights Between BlackRock Success and London Approval

Bitcoin tops out price records again between major ETF inflows and new offerings in the UK. All signs point to increased financial acceptance worldwide.
Source : Bitcoin Magazine
5 days ago

BitGo Rolls Out RBF Integration for Faster Bitcoin Transaction Processing

BitGo users will now have the capability to replace transactions that are currently stalled with higher fees.
Source : Bitcoin Magazine
6 days ago

Over 25 Leading Bitcoin Companies Rally for Official Bitcoin Emoji

A coalition of over 25 leading organizations, including Bitcoin Magazine, rallies to introduce an official Bitcoin emoji.
Source : Bitcoin Magazine
6 days ago

Bitcoin on Wheels: The Story of Bitcoinetas

Meet the Bitcoinetas, a fleet of transformative vehicles on a mission to spread the bitcoin message everywhere they go. From Argentina to South Africa, these unique cars are emblematic of hope and practical financial literacy.
Source : Bitcoin Magazine
6 days ago

Bitcoin Exchange Relai Integrates Lightning Network For Its 100,000 European Users

Relai has partnered with Blockstream and Breez to allow its users to use the Lightning Network in a self-custodial manner.
Source : Bitcoin Magazine
7 days ago

London Stock Exchange To Accept Bitcoin Exchange Traded Note Applications

The proposed ETNs would be physically backed with the assets held in cold storage.
Source : Bitcoin Magazine
7 days ago

Donald Trump Says He "Sometimes Will Let People Pay Through Bitcoin"

The former President says Bitcoin has taken on a life of its own.
Source : Bitcoin Magazine
7 days ago

Bitcoin Asset Protocol BRC-20 Appoints New Maintainers

Creator of BRC-20 announces Layer 1 Foundation, Unisat and Best In Slot as new co-lead maintainers over the governance of the protocol.
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8 days ago

Digital Currency Group Pushes Back Against NYAG Lawsuit

Digital Currency Group files motion to dismiss NYAG criminal suit. This move comes after prolonged civil disputes between DCG subsidiary Genesis and a former business partner.
Source : Bitcoin Magazine
10 days ago

Learn Bitcoin, Earn Bitcoin: Announcing Unchained as Title Sponsor for 21 Days of Bitcoin Educational Course

Unchained will serve as Title Sponsor for 21 Days of Bitcoin, awarding Bitcoin to participants who complete a 21-day online educational course.
Source : Bitcoin Magazine
10 days ago

$KARMA is the largest fungible token airdrop in Bitcoin history

Bitcoin NFTs, known as Ordinals emerged in January 2023, and continue to explode in popularity. Bitcoin Ordinals can store all data directly on Bitcoin’s premier blockchain, meaning important events like the largest fungible token drop in Bitcoin history keep accumulating. This is no fad. It’s Airdrop season. The times, they are a changin’.
Source : Bitcoin Magazine
10 days ago

An Interview With Polyd: The Rabbit hole of Covenants

A written interview with Polyd, a Control Systems Specialist and creator of the Enigma Network proposal, on the concept of covenants.
Source : Bitcoin Magazine
10 days ago

Understanding Your Bitcoin Keys: Bip39 Seed Words

How large numbers and randomness secure your bitcoin, and what your seed phrase has to do with it. The first installment of “10 Steps to Self-Sovereignty” powered by Ledger.
Source : Bitcoin Magazine
11 days ago

The Perils of Centralized Control

Centralized forces exerting influence over the masses is the greatest threat to any decentralized system or activity.
Source : Bitcoin Magazine
11 days ago

Arthur Hayes-backed Bitcoin Ordinals Trading App Raises $3 Million

Oyl has raised $3 million for its bitcoin wallet with in-app trading, backed by Arca, Arthur Hayes’s family office and Foresight Ventures.
Source : Bitcoin Magazine
11 days ago

We Can Be So Back

Nostalgia is used as a vehicle for rewriting history and using those alterations to push agendas decided by the powerful, but it can also be used to reinvigorate the reality of the past. From "The Inscription Issue".
Source : Bitcoin Magazine
12 days ago

Brave Wallet Integrates Bitcoin Support For Its 60 Million Users

Brave says Bitcoin is expanding its use cases and is serving as a foundation for innovation.
Source : Bitcoin Magazine
12 days ago

Policymakers, Bitcoin Industry Leaders to Meet in Washington D.C. at Bitcoin Policy Summit

Politicians, policymakers and Bitcoin industry leaders are meeting in Washington D.C. for the second annual Bitcoin Policy summit to explore the implications of Bitcoin and digital assets on federal policy.
Source : Bitcoin Magazine
12 days ago

5 Ways Bitcoin Mining Benefits Ethiopia

Expansion of Bitcoin mining in Ethiopia offers a route to monetizing a coming massive increase of energy production, and help finance the build out of electrical grid infrastructure.
Source : Bitcoin Magazine
12 days ago

Arizona State Senate Considering Adding Bitcoin ETFs to Retirement Portfolios

The bill has passed the Senate and is now being reviewed by the House.
Source : Bitcoin Magazine
12 days ago

Bitcoin Enters the Conversation within the German Parliament

German Bitcoin Youtuber Roman Reher, and CEO of terahash.energy GmbH Kristian Kläger speak in German Parliament after Joana Cotar, independent MP, puts Bitcoin on the parliament's agenda.
Source : Bitcoin Magazine
13 days ago

Official: Bitcoin Reaches New All Time High

Bitcoin surpasses its previous all time high of $69,000 with no signs of slowing down.
Source : Bitcoin Magazine
13 days ago

Let Bitcoin Cook

The journey is the reward.
Source : Bitcoin Magazine
14 days ago

MicroStrategy To Raise $600 Million To Buy More Bitcoin

The business intelligence firm continues its aggressive bitcoin accumulation strategy as its stock price rips past $1,330.
Source : Bitcoin Magazine
14 days ago

Bitdeer Announces New 4nm Bitcoin Mining Chip SEAL01

The SEAL01 chip features a 4-nanometer process technology and indicates a power efficiency of 18.1 J/TH.
Source : Bitcoin Magazine
14 days ago

Generation Bitcoin to Unite Student Groups in Worldwide Network

By providing access to educational resources, job opportunities, and mentorship, BSN aims to help younger generations get more involved in Bitcoin.
Source : Bitcoin Magazine
14 days ago

Will Bitcoin Transform into Just Another Stock Amidst Institutional Surge and ETF Integration?

An analysis of the inverting correlation between Bitcoin and other financial markets, and the implications this could have for the Bitcoin market.
Source : Bitcoin Magazine
14 days ago

US Government Continues Bitcoin Seizures, Controls Nearly 1% of Circulating Supply

Massive Bitcoin seizures from Bitfinex hackers add to US government stockpile. Snowden predicts major government entry into Bitcoin market.
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17 days ago

Final Agreement On EIA Emergency Survey Released

The details of the agreement between the EIA and Texas Blockchain Council & Riot Platforms has been published. There's some good news and bad news.
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17 days ago

Instant Settlement Series: It's Not About The Money

The sixth and final part in an article series by Ivan Makedonski from Breez on how Lightning's instant settlement finality can be a disruptive force fundamentally changing how different industries are organized.
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17 days ago

BITPACS: Emulating DAOs on Bitcoin

While DAOs are traditionally associated with Ethereum, emulating most of the functionality of a DAO is possible on Bitcoin using multisig and voting on which transactions to sign.
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18 days ago

Anduro: A Network of Sidechains

Anduro is a federated/merge mined hybrid sidechain design, specifically designed to enable the federation to manage multiple sidechains with differing architectures.
Source : Bitcoin Magazine
18 days ago

Wells Fargo and Bank of America’s Merrill Are Now Offering Spot Bitcoin ETFs To Clients

The banks are providing access to Bitcoin ETFs to select wealth management clients with brokerage accounts upon request.
Source : Bitcoin Magazine
18 days ago

BlackRock’s Spot Bitcoin ETF To Start Trading in Brazil Tomorrow

IBIT39 will initially be available to qualified investors, with retail access expected to follow in the coming "weeks."

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