Preview Mode
What's Next for Bitcoin? Riot Platforms Raises $500M to Invest in Crypto's Rise
- The company will raise the capital through a private offering of senior convertible notes that will mature in 2030 and can be converted into Riot's common stock.
- Proceeds from the transaction will also be allocated for other corporate purposes.
Monday, 09/12/2024 | 18:56 GMT by
Jared Kirui
Google Sues Consumer Financial Protection Bureau Over Payment Oversight
- The tech giant argued that the scrutiny targets a peer-to-peer payment product that the company has discontinued in the United States.
- CFPB has been expanding its supervisory role to include large nonbank entities managing digital funds transfers and payments.
Monday, 09/12/2024 | 16:37 GMT by
Jared Kirui
Cardano Price Prediction: Can ADA Reach $2 After Social Media Hack?
- The hackers issued another fake announcement, falsely alleging that the SEC filed a lawsuit against the Cardano Foundation.
- It caused confusion in the cryptocurrency market, leading to a 6% drop in Cardano’s ADA token prices.
Monday, 09/12/2024 | 14:39 GMT by
Jared Kirui
Weekly News Recap: MetaQuotes to Increase Licensing Fees, SEC Gets a New Boss, and More
- Other top stories: Bitcoin hit an all-time high of more than $100,000; ASIC released a consultation paper for crypto regulations; and Putin praised Bitcoin as Russia adopts crypto to combat sanctions. Elsewhere, Japan’s DMM Bitcoin Exchange plans to shut down.
Saturday, 07/12/2024 | 03:00 GMT by
Jared Kirui
“I Already Blocked Five”: Humorous Binomo Fraud Texts Circulate as Scam Resurfaces
- In WhatsApp messages, a victim tried to convince a social media scammer to return stolen funds.
- Last year, the FCA cautioned the public about an unapproved clone firm using the Binamo brand to perpetrate fraud.
Friday, 06/12/2024 | 19:05 GMT by
Jared Kirui
Ripple’s XRP Drops 5%: Why Long-Term Indicators Remain Positive
- Investor confidence in XRP has grown due to reduced regulatory concerns and Donald Trump’s pro-crypto stance.
- Although fundamental analysis shows positive upward momentum, technical indicators show further price correction.
Friday, 06/12/2024 | 14:21 GMT by
Jared Kirui
AI in Trading Must Comply with Commodity Laws, CFTC Warns
- The regulator has urged market participants to adopt AI responsibly and comply with existing laws, such as the Commodity Exchange Act.
- AI's potential in derivatives markets includes predicting trades and improving cybersecurity.
Thursday, 05/12/2024 | 21:17 GMT by
Jared Kirui
Trump Praises Bitcoiners as Price Settles Above $100,000
- Bitcoin has soared more than 50% since Trump was elected to the Oval Office last month.
- Industry leaders, including Coinbase’s Brian Armstrong and Galaxy Digital’s Mike Novogratz, welcomed the $100k milestone.
Thursday, 05/12/2024 | 16:01 GMT by
Jared Kirui
Crypto Community Celebrates Trump’s Choice of Paul Atkins for SEC Chair
- Ripple's CEO Brad Garlinghouse opined that the appointment “brings common sense back to the agency.”
- Gemini's Co-Founder Cameron Winklevoss also described Atkins as a “great choice” for the role.
Wednesday, 04/12/2024 | 21:16 GMT by
Jared Kirui
Donald Trump Taps Former Commissioner Paul Atkins to Lead SEC
- The president-elect expressed his support for Atkins, describing him as a proponent of "common-sense regulations."
- His tenure is anticipated to include reduced penalties for regulatory violations and a more industry-friendly approach to oversight.
Wednesday, 04/12/2024 | 19:15 GMT by
Jared Kirui
US Commodity Regulator Nets Record $17B in 2024 Enforcement Actions
- Digital asset space was the most affected, with some of the largest enforcement actions in the CFTC's history.
- They include the $12.7 billion settlement with FTX and Alameda Research.
Wednesday, 04/12/2024 | 18:53 GMT by
Jared Kirui
Why is BNB Going Up? Price Prediction and Fundamental Analysis
- The cryptocurrency’s trading volume jumped to $6.32 billion, a 124% increase in the past day.
- It reportedly attributed to increased activity in the derivatives market and rising interest in BNB’s role in the Binance ecosystem.
Wednesday, 04/12/2024 | 17:14 GMT by
Jared Kirui
Putin Touts Bitcoin as Russia Embraces Crypto to Counter Sanctions
- Recent laws in Russia exempt crypto mining from VAT and have established a clear regulatory framework for the sector.
- The Russian President asserted that no one can ban Bitcoin, highlighting its resilience in the financial space.
Wednesday, 04/12/2024 | 15:31 GMT by
Jared Kirui
MarketAxess Posts 56% Growth in Trading Volume, Led by US Treasuries
- Emerging markets ADV reached a record $3.8 billion, representing a 15% year-over-year increase.
- Credit trading showed mixed results, with US high-grade trading stable year-over-year, while high-yield activity dropped by 31%.
Wednesday, 04/12/2024 | 13:00 GMT by
Jared Kirui
Revolut CEO Explains Why London Can’t Compete with Wall Street
- Nikolay Storonsky recently emphasized that the US market currently offers better IPO opportunities.
- He pointed out the 0.5% stamp duty on share transactions and limited liquidity as major barriers in the UK.
Tuesday, 03/12/2024 | 20:26 GMT by
Jared Kirui
South Korea Declares Martial Law: Economic Struggles Intensify as Won Declines
- The South Korean won fell to its lowest value against the US dollar since 2022.
- Bitcoin dropped nearly 30% in some Korean exchanges amid the extensive impact of the new law on the financial space.
Tuesday, 03/12/2024 | 18:02 GMT by
Jared Kirui
Ripple's XRP, Bitcoin Take the Hit as Martial Law in South Korea Disrupts Markets
- South Korean exchanges like Upbit and Bithumb experienced temporary trading volume spikes and performance delays.
- Bitcoin and XRP faced significant price volatility on South Korean exchanges, with temporary declines of up to 30%.
Tuesday, 03/12/2024 | 16:08 GMT by
Jared Kirui
Capitolis Buys BGC Group’s Rates Compression Business for $46 Million
- The company has been expanding its operations through collaborations with global financial institutions, including Citi, Morgan Stanley, and UBS.
- Capitalab’s Founder and CEO, Gavin Jackson, will reportedly join Capitolis’ executive team.
Tuesday, 03/12/2024 | 13:51 GMT by
Jared Kirui
Bitcoin Mining Revenue Jumped 24% in November as Price Approached $100K
- Publicly listed Bitcoin miners experienced a combined market capitalization rise of 52% to $36.2 billion.
- Transaction fees surged, particularly around the US presidential election on November 5.
Monday, 02/12/2024 | 19:30 GMT by
Jared Kirui
XTB Online Investing Names Theocharis Panayi as General Manager
- Panayi recently served as the Head of Compliance at Klips Official in Cyprus, a position he held for over two years.
- He also worked previously as Head of Legal Compliance for TOPFX LTD in Limassol.
Monday, 02/12/2024 | 16:39 GMT by
Jared Kirui
Elon Musk Moves to Court to Block OpenAI’s Full For-Profit Transition
- Musk’s legal team claims that OpenAI's new business model harms competition.
- The legal dispute is intensifying as the AI market is reportedly projected to exceed $1 trillion in revenue.
Monday, 02/12/2024 | 14:55 GMT by
Jared Kirui
See more
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}