Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. Robinhood has warned of an impending lawsuit from the Securities and Exchange Commission over its cryptocurrency business, in a sign that a US regulatory crackdown on digital assets continues. The retail brokerage said in a filing…
The FBI has issued a public service announcement today, warning Americans against using unregistered and non-Know Your Customer (KYC) cryptocurrency money transmitting services. JUST IN: 🇺🇸 FBI warns Americans against using non-KYC #Bitcoin and crypto money transmitting services. pic.twitter.com/BkSuG6MiCE — Bitcoin Magazine (@BitcoinMagazine) April 25, 2024 This announcement, identified as Alert Number I-042524-PSA, urged Americans…
Michael H/DigitalVision via Getty Images What a rollercoaster of a ride in the crypto world. On Friday and Saturday, the total crypto market cap fell close to -18% on geopolitical tensions between Iran and Israel. Excluding Bitcoin (BTC-USD) and Ethereum (ETH-USD), the total crypto market cap fell as much as -25% in these two days…
Crypto wallet company Keystone recently released bitcoin-only firmware for its most advanced device, the Keystone 3 Pro. It is here! 📢 The #Bitcoin only firmware release for Keystone 3 Pro is now Available. New Features including:-Blue, Sparrow, Nunchuk support-Taproot support through Sparrow-XPUB QR code Display-Bitcoin Testnet support-Passphrase support-Shamir Backup support#BITCOIN… pic.twitter.com/KHk5Ia0SdB — Keystone Hardware Wallet丨Bitcoin-Only…
Ridofranz The ARK Next Generation Internet ETF (NYSEARCA:ARKW) is on a comeback trail with the actively managed equity strategy returning 55% return over the past year, ahead of tech-heavy benchmarks like the Nasdaq-100 (QQQ). The momentum at least offers some reprise for long-time shareholders who went through a period of extreme volatility where ARKW saw…
Lightspark, led by CEO David Marcus, former President of PayPal, has been selected by Coinbase, the largest US cryptocurrency exchange, to integrate the Bitcoin Lightning Network onto its platform. This integration is set to enable Coinbase customers to conduct instant and cost-effective bitcoin transactions. Thrilled to announce that @Coinbase has selected @Lightspark to enable the #Bitcoin…
Bitcoin and the rest of crypto went through a brutal cycle in the last two years. Dubbed “crypto winter,” the unforgiving market crushed the hopes of many traders, startup founders, and investors. Marked by scandals, regulatory uncertainty, and lots of FUD (fear, uncertainty, and doubt in crypto parlance), crypto winter brought down some of the…
Yuichiro Chino/Moment via Getty Images Shares of Coinbase (NASDAQ:COIN) have soared after the company submitted a much better than expected earnings sheet for the fourth-quarter on resurging trading volumes. The company’s fundamentals are improving due to a broad recovery in the cryptocurrency market. The current rally in Bitcoin (BTC-USD), driven by the SEC’s greenlighting of…
da-kuk Bitcoin’s volatility surged with $30B cumulative volumes in new US ETFs, countered by dwindling futures and ETN outflows, suggesting potential market growth amid varied sector performance. Please note that VanEck may have a position(s) in the digital asset(s) described below. Bitcoin’s 30-day volatility reached its highest level since April 2023 in January after the…
ismagilov By Mike Larson, Editor-in-Chief, MoneyShow Transcript Larson: Hello and welcome to our latest MoneyShow Money Masters Podcast segment. I’m Mike Larson, editor in chief at MoneyShow. And today I’m speaking with Charlie Shrem, a long-time fixture in the cryptocurrency world. He is editor of the Crypto Investor Network, a network of investors buying and…
The presiding judge did not issue a ruling or signal the outcome but a win for Coinbase could be a huge blow to the SEC, which has lost several crypto-related cases. With the United States Congress having failed to provide clear guidelines for the nascent cryptocurrency market, the key crypto players in the country have…
Solana Mobile plans to significantly reduce the price to make the smartphone more competitive and affordable compared to Saga. Solana Mobile made a big impact last year when it introduced Saga, a smartphone designed specifically for cryptocurrency enthusiasts. The phone stood out because it had a built-in hardware wallet and supported decentralized apps. It was…
Oleksandr Shatyrov In what has seemingly become a rite of passage in the evolution of the industry over the last year, Bit Digital, Inc. (NASDAQ:BTBT) recently became yet another Bitcoin USD (BTC-USD) mining company to start investing in building data centers for “artificial intelligence.” Bit Digital is one of the public companies in the crypto…
Finoa’s funding round, initially targeting $5-6 million from existing investors, surpassed expectations amid external investor interest driven by the firm’s recent profitability. Finoa, a Germany-based crypto custodian and staking services provider catering primarily to institutional clients, has successfully raised $15 million in a strategic funding round. Maven 11 Capital and Balderton Capital co-led this investment…
BitPay customers can now utilize the wide array of cryptocurrencies supported to purchase goods and services from renowned merchants like Gucci, Ralph Lauren, and AMC Theatres. Bitcoin (BTC) service provider BitPay has taken a huge step in embracing the broader crypto ecosystem by adding support for numerous cryptocurrencies, including Uniswap (UNI), Chainlink (LINK), Binance Coin…
The city of Hong Kong is serious about crypto. After three years of struggles with COVID-19, the city is vibrant and flourishing again as business executives and tourists of all kinds pour back into Asia’s financial center. New guidelines from the Securities and Futures Commission are paving the way. Since Hong Kong FinTech Week last…
da-kuk Short of new all time high prices in the top crypto coins or crypto stocks, 2023 was a momentous year for the industry. Here’s a quick recap of just a handful of the numerous catalysts that had an impact on the market last year: The SEC became more combative with the industry and deemed…
The Binance crypto exchange had a monthly trading volume dominance of about 40 percent, representing $432 billion, despite the regulatory hurdles. Amid the ongoing spot Bitcoin exchange-traded funds (ETFs) frenzy in the United States, cryptocurrency exchanges around the world have been among the biggest beneficiaries of heightened demand for digital assets. According to detailed market…
MicroStockHub I’ve been a fan of Michael Lewis ever since I read his first book, “Liars Poker,” which gave an insider’s view of bond trading at Salomon Brothers when they dominated the mortgage-backed securities (MBS) market. It was of particular interest to me because, at that time, I was the MBS Portfolio Manager at Fidelity…
da-kuk It was a stellar year for tech stocks. The Information Technology sector rose 55% in 2023. Along with the Communication Services and Consumer Discretionary sectors, there were just three S&P 500 areas that beat the overall index. Traditional bank stocks lagged, perhaps underscored by the March 2023 regional banking crisis. Interestingly, intermediate-term Treasury notes…
Binance reported more than $1.2 billion in assets under custody for more than 170 million users in its 2023 performance report. Leading cryptocurrency exchange by daily traded volume and registered users, Binance Holdings Ltd., has continued to build the necessary infrastructure and products to enable the next phase of web3 mass adoption. Despite the former…
The Indonesian government is keen to protect crypto investors from exploitative exchanges and ensure optimal tax collection. The high demand for digital assets and Web3 products in Indonesia has seen registered users surpass more than 18 million, compared to 12 million traditional stock traders. With the number of crypto users expected to grow exponentially in…
Bitcoin mining inherently involves high energy costs due to the operation of supercomputers. The world’s largest cryptocurrency Bitcoin (BTC) made substantial gains surging by 160% this year in 2023. The rally in Bitcoin and the broader crypto market has also helped some of the US-listed crypto companies recover from the wounds of the 2022 crypto…
While the average performance of crypto funds did not match the more than 150% rally in Bitcoin this year, the positive shift in fortunes is a promising development for the industry. After facing a strong crypto winter in 2022 following the collapse of Three Arrows Capital (3AC), crypto hedge funds are making a comeback. Crypto…
The new year seems set to start tumultuous for Chainalysis. In addition to the trial for Roman Sterlingov set to begin on February 12th, which questions the reliability of Chainalysis Reactor in a multi-million dollar money laundering allegation, Chainalysis is now getting sued by the crypto project YieldNodes. In their 2023 Crypto Crime Report, Chainalysis…
AI has overtaken crypto in Google searches for the first time since 2020. This is credited to the rise of generative AIs like ChatGPT and the crypto winter. As 2023 is rolling to a close, the industry as a whole is looking back on the year and taking stock of how it performed. One way…
Aside from Hong Kong, another country that has contributed significantly to the growth of the Asian crypto economy is Singapore. As the curtain draws nearer towards the end of 2023, Hong Kong has emerged as a significant player in shaping the regulatory landscape for crypto assets in Asia, the Block reported on Tuesday. Despite the…
The analyst said TradFi institutions trying to get into crypto, but are unsure how to begin, may use Coinbase stock to enter. According to the co-founder of research firm Reflexivity Research Will Clemente, shares of major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) could serve as an indicator for the crypto sector. Clemente says Coinbase…
Gensler disclosed that the SEC is actively reviewing rules that could potentially hurt the crypto industry. In a recent interview with CoinDesk, Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), voiced his concerns regarding the crypto industry, noting that the space is rife with fraud and bankruptcies. The SEC chair said…
According to analysts at Bitfinex, crypto is undoubtedly gaining more traction globally. Moreover, considering the current state of the crypto market, especially with asset prices, it appears that even more global acceptance is on the way for crypto. Bitfinex analysts have made a bold prediction about the number of users that we might expect to…
Regarding custody arrangements, the SFC emphasizes that the fund’s trustee or custodian can delegate its crypto custody function solely to an SFC-licensed VATP or entities meeting the crypto custody standards set forth by the HKMA. Hong Kong has announced its readiness to receive applications from traditional financial companies interested in exploring the emerging economy by…
In addition to the expected surge in crypto-related probes, the survey uncovered a noteworthy trend in the adoption of blockchain analytics tools. According to a survey conducted by TRM Labs, 93% of law enforcement agencies worldwide are currently engaged in crypto training programs, with an overwhelming 99% expressing the urgent need to enhance their education…
The House Financial Services and House Agriculture Committees have advanced bills actively seeking to provide a clear regulatory framework to govern the crypro and stablecoin market. In 2023, the crypto industry witnessed a substantial surge in lobbying efforts aimed explicitly at shaping stablecoin regulations and influencing legislative outcomes in the United States, Bloomberg reported. According…
The overall crypto market cap was close the $1.7 trillion mark on Wednesday, signaling that more money might be flowing into the crypto industry. Bitcoin (BTC) price rebounded from some of its losses from yesterday, edging close to the $44,000 level early Thursday morning. Recall that on Wednesday, US stocks recorded an unexpected drop that…
The launch of Immutable Passport comes shortly after the company introduced a new gaming solution that allows developers to build games that eliminate transaction fees. Blockchain gaming developer Immutable has announced the official release of its new wallet infrastructure, named Immutable Passport. In a recent announcement, the company revealed that Passport is an innovative universal…
With about 425 million owning crypto and more than 80 percent of G20 countries moving towards enabling digital assets, Coinbase is confident the industry will unlock economic freedom to billions of users. The cryptocurrency industry has continued to evolve with the market needs and the fast-changing global regulatory landscape. The trillion-dollar industry is preparing for…
With the new law set to take effect next year, Revolut has temporarily paused its crypto services to ensure compliance with these new requirements. Revolut, a prominent financial technology company providing online banking services, has temporarily suspended crypto services for customers in the United Kingdom. Starting January 3, 2024, digital asset traders in the region…
According to a recent report from Goldman Sachs, 2023 saw significant institutional support for the crypto industry, especially for derivatives trading. For as long as the crypto industry has existed, it has pursued institutional support. Considering the fact that the crypto industry operated on the fringes of the mainstream financial world for so many years,…
The first offering of Bybit’s Crypto Ark Space is the Crypto Ark Trading Academy, which will run every Thursday from 7:00 pm to 8:30 pm. The Bybit cryptocurrency exchange, a top-rated crypto firm with more than 20 million registered global users, has announced plans to ensure a seamless web3 adoption through its Crypto Ark Trading…
Even with the owed fees it has paid in trying to deal with bankruptcy issues, FTX continues to face mounting challenges. The collapse of cryptocurrency exchange FTX, previously valued at $32 billion, has resulted in exorbitant legal and advisory fees amounting to an average of $53,000 per hour within three months. According to recent filings…
COIN, MSTR, HOOD and crypto mining stocks MARA and RIOT are down today during pre-market hours while Bitcoin price is below $41,000. Today Bitcoin price is down. The major crypto asset is treading below $41,000 this morning. The main crypto stocks in the pre-market are also in the red zone. Coinbase Global Inc (NASDAQ: COIN)…
At its core, bot copy trading enables users to replicate the precise trading bot settings and strategies of experienced “master” traders. Bybit has recently introduced an innovative automated trading system called bot copy trading. This new offering aims to simplify and enhance portfolio management for its extensive user base of over 20 million individuals. By…
Strating January 1, 2024, Brazil will introduce a flat 15% tax on crypto profits and up to 6,000 Brazilian reais ($1,200), will be exempt from taxation. In a significant move, President Luis Inácio Lula da Silva of Brazil has signed into law a measure that imposes taxes on crypto assets held abroad by Brazilian citizens….
Binance surveyed 1,172 of its registered users in jurisdictions where it is allowed to operate and found that 45 percent rely on crypto to earn an extra income. Binance Holdings Ltd, the leading cryptocurrency exchange by daily traded volume and globally registered users, recently surveyed its registered users to understand top use cases for crypto…
Bitwise has published 10 predictions for the crypto industry in 2024, including a fall in Ethereum transaction cost and the approval of Bitcoin ETFs. As we are coming closer to a new year, there are inevitably not only recaps of 2023 but predictions for 2024. The industry is in a very interesting place with top…
The collaboration not only supports traditional fundraising methods but also aligns with the changing digital ecosystem, challenges with governance, and the evolving nature of fundraising in the non-profit sector. Just in time for the giving season, Crypto.com, a Singapore-based digital assets trading platform, that recently secured regulatory approval in the UK has inked a Memorandum…
Today, the Financial Accounting Standards Board (FASB) announced new rules that will require companies to account for cryptocurrencies like Bitcoin at fair value. The rules are set to go into effect on December 15, 2024, but companies will be able to apply them earlier than that. Under the new guidelines, which are the first of their kind…
Senator Elizabeth Warren has been a vocal advocate for crypto regulation, consistently highlighting the risks posed by unchecked illegal activities. United States lawmakers, led by Democratic Senator Elizabeth Warren of Massachusetts, have announced an extended coalition of Senate support for the bipartisan Digital Asset Anti-Money Laundering (AML) Act in a new push for crypto regulation….
Today, US Senator Elizabeth Warren introduced legislation to address her concerns surrounding the alleged misuse of digital currencies in illicit activities, citing money laundering, drug trafficking, sanctions evasion, and more. The bill, supported by a coalition within the Banking Committee, marks a significant push for increased oversight and regulation within the Bitcoin and cryptocurrency sphere. Citing…
Jun Because of the unusual arbitrage situations that are appearing in the crypto-related closed-end funds driven by rapid price changes and uncommon limits to arbitrage due to different geographic regulations or accessibility of markets, I’m swamped looking at a lot of these types of funds. Another one I’ve come across is the Bitwise 10 Crypto…