South Korea is serious about its anti-money laundering laws, and as such, the Korean Financial Intelligence Unit (FIU) is all set to sanction crypto exchanges that are not following the protocols to the T. According to the regulatory body, not clamping down on companies that don’t follow protocols hurts the integrity of the country’s growing…
Stakes over the recent Cardano network split have risen further, with founder Charles Hoskinson calling it a deliberate, targeted attack. Summary Cardano split was not just a bug, says founder Charles Hoskinson The attack was targeted directly at himself, Hoskinson claimed He called it sabotage of critical infrastructure, and called the authorities A malformed transaction…
Key Takeaways Bitcoin dipped near $85K early Monday but rebounded to $88K following Trump’s upbeat post about China. SPX rose 1.5% and Nasdaq nearly 2% as crypto markets gained 2.2% on the day Share this article Bitcoin climbed back to $88,000 on Monday after former President Donald Trump posted a positive update about his call…
The crypto market is eyeing a critical week ahead as Fed Rate cut odds fluctuate below 70%. However, Federal Reserve Governor Christopher Waller is leaning towards an interest-rate cut in December. Waller said, “My concern is mainly labor market, in terms of our dual mandate. So I’m advocating for a rate cut at the next…
President Trump officially announced the plan for a U.S. Strategic Bitcoin Reserve on March 6. Since then, the digital asset stockpile’s returns are now in the red, and no public accounting is in sight. Summary U.S. strategic crypto reserve is losing value as altcoins underperform There’s still no public accounting of how much crypto the…
Key Takeaways XRP experienced notable inflows of $89 million last week despite large-scale market outflows. Digital asset investment products faced $1.9 billion in outflows, the third-largest run since 2018. Share this article XRP was one of the few major digital assets to record net inflows last week. CoinShares Research reported that around $89 million moved…
The crypto space could soon see a wave of fresh US capital flood the markets, following President Trump’s promise of a $2,000 ‘DOGE Dividend’ cheque to citizens after the end of a record-breaking Government shutdown. A liquidity injection into the crypto market could come at a perfect time, as Bitcoin is trading at a massive…
Bitcoin is showing renewed price pressure after failing to hold above key trend levels. The asset is trading near $86,000, following a sharp drop below $81,000 last week and a modest recovery. Consequently, this move has raised questions across the market about whether a deeper correction may follow. Price Rejected at Major Resistance Bitcoin recently…
Animoca Brands gains in-principle approval for a fund management business in Abu Dhabi, boosting its regulated operations in the UAE digital asset sector. Summary Abu Dhabi’s regulator granted Animoca Brands approval to establish a licensed fund management business in the emirate. This step follows previous in-principle approval for a crypto brokerage license in Dubai. Animoca’s…
Key Takeaways Franklin Templeton’s XRP ETF has secured approval for listing on NYSE Arca. The fund will trade under XRPZ and feature a 0.19% NAV-based sponsor fee. Share this article NYSE Arca has approved the listing of Franklin Templeton’s XRP ETF and formally certified the action to the SEC. It means the fund has met…
