On January 11, Coinbase, a renowned crypto exchange, announced its collaboration with Yellow Card, the first licensed Stablecoin on/off ramp on the African continent. This partnership aims to broaden the reach of their products to emerging economies across Africa.Through this alliance, Coinbase plans to extend access to its products, beginning with 20 African nations. The […]
The US Securities and Exchange Commission (SEC) has approved 11 Bitcoin Exchange-Traded Funds (ETFs) in a move celebrated by crypto investors. The simultaneous approval of these ETFs is intended to provide a level playing field for issuers.Many ETF issuers have offered low fees to attract more investors, with some, such as Fidelity and Bitwise, even […]
BlackRock CEO Larry Fink has expressed skepticism about the feasibility of Bitcoin as a medium for everyday transactions, insisting that it should be seen as an asset class. In a recent interview with CNBC, Fink articulated his belief in Bitcoin as an alternative form of wealth storage, rather than a potential replacement for national currencies.“I […]
A prominent cryptocurrency analyst and trader, known pseudonymously as Bluntz, has recently expressed a bullish outlook on a Solana-based memecoin, dogwifhat (WIF). Bluntz shared with his 236,100 followers on a social media platform that WIF could potentially appreciate by approximately 359% from its current level of $0.218.Bluntz’s analysis suggests that the WIF/Solana pair has formed […]
Bitcoin experienced a significant drop of 9%, falling below $42K, despite the general optimism surrounding Bitcoin ETFs. The price of Bitcoin plummeted to as low as $41,730 at 10:25 p.m. UTC on Friday, marking a 24-hour loss of approximately 9%. However, by 11:25 p.m. UTC, Bitcoin’s price had partially recovered to $42,850, resulting in a […]
South Korea’s Financial Services Commission (FSC) has issued a statement that could significantly impact the local crypto market. The FSC has suggested that domestic securities firms’ brokering of US spot Bitcoin Exchange-Traded Funds (ETFs) might contravene South Korea’s regulations on virtual assets and the Capital Markets Act. This statement was made in response to the […]
Bitcoin and other top ten cryptocurrencies such as ethereum, XRP, and solana have experienced a sharp decline, despite a massive $10 trillion bitcoin price bet. This has resulted in a nearly 10% drop in bitcoin price over the last 24 hours, affecting the price of other major cryptocurrencies and erasing around $100 billion from the […]
U.S. Senators Ron Wyden and Cynthia Lummis have called for an investigation into the U.S. Securities and Exchange Commission (SEC) following a security breach. The lawmakers penned a letter to the SEC’s Inspector General, Deborah Jeffrey, on January 11, requesting an inquiry into the breach that took place two days prior and the agency’s failure […]
Litecoin, often dubbed as the “silver to Bitcoin’s gold,” is gaining momentum among analysts who foresee it potentially outperforming Bitcoin in the near future. Tony “the Bull,” a certified chartist and the Head of Research at NewsBTC, recently presented a bullish perspective for the 18th most valuable cryptocurrency. He pointed out the monthly candlestick formations […]
In a significant development, crypto firms faced substantial regulatory action last year, collectively paying nearly $6 billion in fines. These fines were primarily due to Anti-Money Laundering (AML) violations and deficiencies in customer checks. For the first time, crypto and fintech groups experienced higher fines for inadequate controls than the entire traditional financial system.The total […]
