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cryptocurrency
Kraken Hits $2 Billion CAD in Custody, Focuses on Crypto Knowledge Growth
- Ontario Securities Commission reports 54% of Canadians defined cryptocurrency in 2023.
- Recently, the firm has introduced crypto-based derivatives for Australian wholesale clients.
Thursday, 21/11/2024 | 16:34 GMT by
Tareq Sikder
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
CyVers and Station70 Team Up for Transaction Security Solution Launch
- The new solution integrates Station70’s hosted co-signer-as-a-service with CyVers’ advanced real-time threat detection engine.
- This dual-layered security approach allows institutions to gain greater control over signing processes while ensuring transactions are legitimate.
Tuesday, 19/11/2024 | 12:17 GMT by
Arnab Shome
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
Bitfinex Hacker Ilya Lichtenstein Jailed for Five Years
- Lichtenstein stole about 120,000 Bitcoins from the exchange, valued at over $10.5 billion at current market rates.
- He and his wife pleaded guilty to one count of conspiracy to commit money laundering.
Friday, 15/11/2024 | 05:50 GMT by
Arnab Shome
Will Bitcoin Reach 100K? Experts Share BTC Price Prediction for 2024
- BTC price surges past $93,000 as experts predict a $100K target by the end of 2024, driven by ETF inflows and post-election momentum.
- Technical analysis and institutional demand suggest Bitcoin's path to $100K is clearer than ever.
- Trump's victory and upcoming halving event create perfect conditions for new all-time highs.
Thursday, 14/11/2024 | 12:16 GMT by
Damian Chmiel
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
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
This Broker Just Hit 3M Customers, Adds Crypto to Compete with Revolut in Europe
- flatexDEGIRO has reached 3 million accounts, tripling its user base since 2020 with €66 billion in assets.
- Due to the rising competition from neobanks like Revolut, it is also preparing to launch a crypto offering.
Wednesday, 13/11/2024 | 09:59 GMT by
Damian Chmiel
Will Dogecoin Reach $1? DOGE Latest Price Surge and 2024–2025 Predictions
- Dogecoin surges to $0.3292 in November 2024, with analysts predicting potential rise to $1 by 2025 amid Trump victory.
- Technical indicators and whale activity suggest Dogecoin could break past previous ATH of $0.74 in next 12 months.
Tuesday, 12/11/2024 | 13:09 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
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
Robinhood’s Q3 Crypto Gains Couldn’t Prevent a 12.5% Share Drop: What Happened?
- Crypto trading volume on the platform doubled, while crypto revenue surged by 165 percent.
- However, net revenue was impacted by a $27 million reduction due to matches paid to customers on transfers and deposits.
Thursday, 31/10/2024 | 05:07 GMT by
Arnab Shome
FTX's Alameda Research Sues KuCoin to Recover $50 Million in Frozen Assets
- The lawsuit claims KuCoin holds funds belonging to FTX’s estate, intended for creditor repayments.
- Filed in Delaware, the lawsuit follows FTX's recent asset recovery from Bybit.
Tuesday, 29/10/2024 | 18:03 GMT by
Tareq Sikder
Gemini Gains In-Principle Approval from MAS for Cross-Border and Crypto Payment
- Singapore remains central to APAC operations as the firm works towards full MPI licensing.
- Earlier this year, Gemini obtained approval from the regulator to launch its services in France.
Tuesday, 29/10/2024 | 11:43 GMT by
Tareq Sikder
OKX Chooses Standard Chartered as Custodian for Institutional Crypto Services
- A report shows rising institutional interest in digital assets, with 80% of hedge funds using custodians.
- Recently, the exchange launched its platform for institutional and retail investors in the UAE.
Tuesday, 29/10/2024 | 09:19 GMT by
Tareq Sikder
Silk Road-Linked Money Laundering: US Charges Bitcoin Exchange Operator
- Maximiliano Pilipis allegedly operated AurumXchange illegally and collected over 10,000 BTC in fees.
- He stopped operating the platform in 2013 and attempted to conceal the proceeds by laundering them.
Tuesday, 29/10/2024 | 05:40 GMT by
Arnab Shome
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