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Wall Street Miner Canaan Raises $30 Million, Sees 121% Revenue Increase in Q3 2024
- The firm secured a purchase agreement with HIVE Digital Technologies for 5,000 Avalon A15 miners.
- The company mined 147 Bitcoins in Q3 2024, increasing its holdings to 1,231 BTC.
Wednesday, 20/11/2024 | 11:06 GMT by
Tareq Sikder
Italy's Lawmakers Oppose Crypto Tax Increase in Budget Proposal
- Economy Minister Giancarlo Giorgetti proposed raising cryptocurrency capital gains taxes from 26% to 42%.
- A section of legislators is now opposing the steep tax hike, suggesting a cap of 28%.
Tuesday, 19/11/2024 | 19:31 GMT by
Jared Kirui
Gemini Launches in France After VASP Registration, Expands Crypto Services
- French users can deposit, trade, and store crypto on Gemini’s app, using EUR, GBP, debit card, and Apple Pay.
- Crypto ownership in France has increased by 2 percentage points, leading post-crypto winter growth.
Tuesday, 19/11/2024 | 07:30 GMT by
Tareq Sikder
Shiba Inu Targets $0.00006: CoinMarketCap Ranks It 11th with $14 Billion Market Cap
- SHIB/USD faced resistance at $0.00002935 with potential support at $0.00002150 on the daily chart.
- Shiba Inu plans a podcast to highlight its technical advancements, including Shibarium and its decentralized exchange.
Friday, 15/11/2024 | 17:06 GMT by
Tareq Sikder
The Crypto Market is Surging - Why FX Brokers Can’t Afford to Wait
- Bitcoin’s rally to $93K signals a booming crypto market.
Thursday, 14/11/2024 | 16:14 GMT by
FM
Revolut Expands M&A Team and Rolls Out Revolut X to 30 EEA Markets
- The company's crypto exchange is expanding across Europe, providing access to over 200 tokens.
- With a UK banking license obtained in July 2024, the company plans to issue its own stablecoin.
Thursday, 14/11/2024 | 11:29 GMT by
Tareq Sikder
Wall Street's Crypto Appetite Soars: 57% Professional Investors Ready to Increase Stakes
- Sygnum's Future Finance 2024 survey reveals institutional investors plan to increase their crypto allocations.
- Layer-1 protocols currently attract the most interest at 76%, while Web3 infrastructure emerges as the second most popular sector.
- The approval of Bitcoin and Ether spot ETFs has boosted market confidence, though asset volatility remains the primary concern.
Thursday, 14/11/2024 | 08:00 GMT by
Damian Chmiel
Coinbase Acquires Utopia Labs Team to Expand Stablecoin Payments in Wallet
- Four Utopia Labs members, including Kaito Cunningham and Alexander Wu, are joining Coinbase to develop stablecoin payment solutions.
- Utopia raised $23 million from investors, including Coinbase, and will cease operations after the sale.
Wednesday, 13/11/2024 | 17:47 GMT by
Tareq Sikder
Coinbase’s cbBTC Launches on Solana DeFi, Targeting Bitcoin Gap Left by FTX
- $10 million in cbBTC is allocated for Solana, with early use on platforms like Meteora, Orca, and Kamino.
- cbBTC may position Solana as a DeFi alternative to Ethereum for BTC transactions.
Wednesday, 13/11/2024 | 12:29 GMT by
Tareq Sikder
Revolut X Targets $200B European Crypto Market With Multi-Country Launch
- The fintech expands its standalone crypto exchange platform to 30 European markets following successful UK operations.
- Recently, the company received UK banking license and announced works on its own stablecoin.
Wednesday, 13/11/2024 | 10:18 GMT by
Damian Chmiel
Finery Markets Bridges CryptoTrading Gap With Wintermute Partnership
- Wintermute completed the first RFQ trade on Finery Markets' crypto ECN platform.
- The partnership establishes a hybrid trading model for institutional clients in digital assets sector.
Tuesday, 12/11/2024 | 08:30 GMT by
Damian Chmiel
Who Replaces SEC Chairman Gary Gensler? Trump's Team Weighs Candidates
- “Traditionally, presidents decide who chairs the SEC,” Gensler indicated a possible departure.
- Former SEC officials Dan Gallagher, Paul Atkins, and Commissioner Mark Uyeda, all critics of current crypto policies, are potential replacements.
Monday, 11/11/2024 | 15:36 GMT by
Tareq Sikder
Trump’s Election: Markets Cheer, Rich Get Richer, and Crypto Goes Wild
- Trump's election bid sparks a stock market rally and enriches the wealthiest.
- Crypto markets ride Trump's wave, with Bitcoin and Ether seeing significant gains.
- Wall Street and billionaires thrive as Trump’s influence reshapes economic tides.
Friday, 08/11/2024 | 08:11 GMT by
Louis Parks
Akurateco Hits 10% Crypto Payments with CryptoProcessing by CoinsPaid
- Following the surge, Akurateco is setting its sights on even higher targets.
Thursday, 07/11/2024 | 09:26 GMT by
FM
DeFinity Markets and Fireblocks Collaborate for Institutional Crypto and Fiat Trading
- The partnership provides secure cold storage and regulatory compliance for institutional clients.
- Fireblocks’ solutions offer flexibility between bank-backed and Fireblocks-backed options for asset protection.
Thursday, 07/11/2024 | 00:01 GMT by
Tareq Sikder
Hut 8's Cryptocurrency Mining Upgrade Targets 66% Hashrate Growth by 2025
- The firm’s new miners aim to raise its hashrate to 9.3 EH/s, boosting energy efficiency by 37%.
- The company’s cryptocurrency mining upgrade will improve power efficiency to 19.9 J/TH.
Wednesday, 06/11/2024 | 12:52 GMT by
Tareq Sikder
Kraken Verifies $21.5 Billion in Client Assets with Latest Proof of Reserves
- An independent audit verified Kraken’s full asset backing for BTC, ETH, SOL, USDC, USDT, and XRP.
- The firm uses a Merkle Tree structure to allow clients to verify their balances in the Proof of Reserves report.
Monday, 04/11/2024 | 17:54 GMT by
Tareq Sikder
Transak Secures Dual Licenses in Canada and Delaware for Crypto Access
- The firm secured the second Money Transmitter License from Delaware, following one from Alabama.
- The company is registered with FINTRAC in Canada to operate as a Money Services Business.
Friday, 01/11/2024 | 12:20 GMT by
Tareq Sikder
Sygnum, Managing $4.5 Billion, Restructures Crypto Fund for Institutional Push
- Crypto Yield Fund has successfully transitioned to a Luxembourg RAIF structure to meet pro investors' growing demands.
- With $30 million in AUM and a Sharpe ratio of 2.7, the fund seeks diversified crypto yield solutions.
Thursday, 31/10/2024 | 09:00 GMT by
Damian Chmiel
WhiteBIT Surpasses 5 Million Users, Strengthening Its Leadership in Europe’s Crypto Market
- WhiteBIT has been rapidly expanding its presence beyond Europe.
Wednesday, 30/10/2024 | 12:15 GMT by
FM
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