Cryptocurrency

The cryptocurrency market concluded the week with a downward trend, witnessing Bitcoin (BTC) slipping below $64,000 again, while altcoins also recorded losses amidst profit-taking activities by traders preparing for the next significant uptrend. Similarly, stocks faced pressure after a Thursday rally pushed all three major indexes to new record highs, driven by expectations of lower

WisdomTree has achieved regulatory clearance from the New York State Department of Financial Services (DFS) to operate its digital asset business in the state, placing it among a select group of entities approved in one of the United States’ most rigorous crypto regulatory environments. The Bitcoin exchange-traded fund (ETF) issuer obtained a charter to function

The momentum of Bitcoin Exchange-Traded Funds (ETFs) experienced a decline as BlackRock’s inflows dropped significantly. On March 20, BlackRock’s inflows amounted to $49.28 million, while Grayscale’s ETF witnessed higher outflows at $386 million. For the second consecutive day, spot Bitcoin ETFs recorded negative flows. According to data from the financial research platform ‘SosoValue,’ Grayscale’s ETF

VICTORIA, Seychelles, March 20, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, has been acclaimed by Forbes Advisor as one of “The Best Crypto Apps & Exchanges of March 2024“, a continued honor after being recognized by Forbes as one of the Best Crypto Exchanges in 2023. Forbes Advisor meticulously evaluated key variables encompassing

The meteoric rise of Bitcoin (BTCUSD) alongside the continued dominance of artificial intelligence (AI) stocks has been a notable narrative on Wall Street throughout 2024. Despite recent volatility, BTC has recently reached new highs surpassing $70,000, driven by the introduction of spot Bitcoin ETFs and optimism surrounding the upcoming “halving” event. While the introduction of

HONG KONG, March 15, 2024 /PRNewswire/ — At the beginning of 2024, the SEC officially approved 11 Bitcoin spot ETF applications, marking a significant step towards the legalization and mainstream acceptance of the cryptocurrency industry. This event brought unprecedented vitality to the entire Web3 ecosystem, with Bitcoin breaking through the $70,000 mark to reach a new

DUBAI, UAE, March 15, 2024 /PRNewswire/ — OKX, a leading crypto exchange and Web3 technology company, has issued updates for March 15, 2024. OKX to Polyhedra Network’s ZK Token on its Spot Market OKX today announced that it will be listing Polyhedra Network‘s ZK token on its spot market on March 19, 2024 at 10:00 AM (UTC). This

SEOUL, South Korea, March 15, 2024 /CNW/ — The Mars, a Korean developer in the metaverse game industry, has set March 28 as the official early access date for its eagerly anticipated Mars-themed multiplayer metaverse mobile game, “Mellow”. This announcement has sparked a wave of excitement across both the tech and crypto communities, culminating in a

Assets Under Management Growth: Valour has experienced a significant rise in its AUM, reaching a record of C$838 million. This represents an increase of 19.8% since February 28th and builds upon a 57.8% growth from January 2, 2024. Surging Demand for Regulated Digital Asset Products: The surge in AUM highlights robust demand for Valour’s comprehensive

SINGAPORE, March 14, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, today added support for the Atomicals (ARC-20) Bitcoin inscription standard on its Inscription Market, formerly known as Ordinals Market. This addition offers users an enhanced range of options to create, buy and sell inscriptions across an expanding roster of token standards. ARC-20, an emerging

Next-gen virtual cards for online shopping and advertising from LinkPay open up new possibilities for mass adoption of cryptocurrencies, and the new Merchant feature makes it possible to accept payments on websites using seven of the most popular digital currencies, as well as Visa & Mastercard. RICHMOND, BC, March 14, 2024 /PRNewswire/ — LinkPay has

Cetera among the first wealth management firms to deliver comprehensive education, training and resources addressing rapidly growing investment products Policy represents a “prudent embrace” of bitcoin ETFs and the latest Cetera offering to help financial professionals best serve their clients and strategically grow their business SAN DIEGO, March 14, 2024 /PRNewswire/ — Cetera Financial Group (Cetera),

ArbOS Atlas makes Arbitrum chains ready to support the Ethereum Dencun update that went live on Ethereum mainnet and is poised to improve workflow for developers and users alike NEW YORK, March 14, 2024 /PRNewswire/ — Offchain Labs, the original contributor to Arbitrum, the market-leading Layer 2 (L2) scaling solution on Ethereum, today announced the

Coinbase has risen to become the largest cryptocurrency custodian, with the acquisition of Xapo’s institutional business. Immediate reports indicate that the US crypto exchange paid $55 million for the assets in question. The exchange also reportedly beat investment giant Fidelity that was also in the running for the Xapo business. The acquisition comes at a

When it comes to trading in cryptocurrencies, it is always far more effective if one can trade on a large exchange. Large exchanges offer a lot of options with regards to the range of cryptocurrencies, liquidity, and other services. Over the course of the crypto boom that started a few years ago, some exchanges have

The cryptocurrency industry may still be going strong, but that doesn’t mean it hasn’t had its share of problems. Nor does it mean everyone is a fan of virtual currencies. The IRS certainly isn’t, and crypto investors have learned that the hard way the past two months. Here’s what we know. IRS has Words for

Bakkt, the long-awaited crypto services platform from the Intercontinental Exchange, is finally set for launch on September 23. Despite being officially announced in August 2018, the platform only received a trust charter from New York State Department of Financial Services this week, which clears the way for the company to begin offering its highly-anticipated physically-settled Bitcoin futures contracts. Bakkt

The Takeaway: QuadrigaCX’s former users are running out of patience with Miller Thomson and EY, the court-appointed companies tasked with recovering their missing funds. The users want more transparency into EY’s investigation of Quadriga’s missing funds, as well as a better understanding of how the audit firm accidentally lost 103 bitcoin earlier this year. Some

Crypto exchange Coinbase disclosed a potential vulnerability Friday, announcing that a tiny fraction of its customers’ passwords were stored in plain text on an internal server log. However, the information was not improperly accessed by outside parties, the exchange said. In a post-mortem shared with CoinDesk, Coinbase outlined “a password storage issue,” impacting less than

The dedicated U.S. arm of cryptocurrency exchange Binance will go live by November, according to Binance’s CEO. Changpeng “CZ” Zhao told Cheddar in an interview on Wednesday that, while the situation is still “in flux,” he expects the new platform would go live in “a month or two.” Due to uncertainties over the U.S. regulatory situation, Binance

XRP is flashing red this Tuesday morning with a long-term price indicator turning bearish for the first time in over a year. At press time, the third-largest cryptocurrency by market capitalization is currently trading at $0.2955 on Bitfinex, representing a 1 percent drop on a 24-hour basis. More importantly, however, the 50-day moving average (MA)

Cryptocurrency criminals have taken in an estimated $4.3 billion USD in 2019, according to CipherTrace. CipherTrace, a cryptosecurity company based in Silicon Valley, has released its Q2 2019 Cryptocurrency Anti-Money Laundering (AML) Report, which is a detailed overview of major cryptocurrency thefts, scams, and fraud around the world. The firm’s Q1 report estimated that cybercriminals

IBM and Indian telecom company Tata Communications have joined the governance council of Hedera Hashgraph, a public blockchain network for enterprises. Now, eight of the 39 available spots for governing council members are filled, the network announced Monday. “Our goal is to create the most decentralized governing body of any of the major public platforms,”

The cryptocurrency market has been in existence for long enough to now result in the reversal of a status quos that has been in place for years and something of that nature is now happening with Ethereum (ETH). Back in 2017, when the entire crypto market was making enormous gains, and Bitcoin was reaching new

Market data from the Winklevoss twins-founded crypto exchange Gemini is being added to eight crypto indices offered by CF Benchmarks. Formerly called Crypto Facilities, CF Benchmarks’ eight reference products include four indices and reference rates provided for CME Group, which currently offers a bitcoin futures product: the CME CF Bitcoin Reference Rate and CME CF Bitcoin Real

Tezos (XTZ) is making solid gains this year amid continuous buying activities on multiple developments. Key Developments For as long as the crypto sphere has existed, Bitcoin has been synonymous with it, and this is only natural, considering the fact that it is the cryptocurrency with the highest market cap. Moreover, Bitcoin’s rise has been

May’s Binance hacker has been hard at work washing his stolen bitcoins through a mixing service. Clain.io, a Luxembourg-cryptocurrency capital flows research team, says the 7,074 stolen coins are being laundered through mixing service Chipmixer. Clain says at least 4,836 bitcoins were laundered since June 12th. A bitcoin tumbling service mixes a bitcoin’s unspent transaction

North Carolina Congressman Ted Budd has introduced a tax bill in the United States House of Representatives seeking to refine cryptocurrencies’ treatment by the Internal Revenue Services. The bill will amend the Code allowing the exclusion of losses or gains on similar crypto transactions. Reviewing the Internal Revenue Code The bill has been called the

Cryptocurrency exchange Coinbase has revealed that it has been targeted by, and foiled, “a sophisticated, highly targeted, thought out attack” aimed to access its systems and presumably to make of with some of the billions of dollars’-worth of cryptocurrency it holds. In an Aug. 8 blog post that sets out in technical detail how the

On May 8, major crypto exchange Binance was the victim of its second major hacking. On this occasion, the thief/thieves made off with 7,000 Bitcoin, which valued at approximately $40 million USD at the time. (That same amount of BTC is worth almost double that at current rates.) Now, several months on, it has been