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Category Archives: Finance
Binance Blocked by Philippines Securities Watchdog
Advertisements The Philippines Securities and Exchange Commission warned in November that the company was operating in the country without the necessary licenses. The Philippines Securities and Exchange Commission is blocking local access to the world’s largest crypto exchange, Binance, the regulator said in a notice published Monday. The regulator filed a formal request with theContinue reading “Binance Blocked by Philippines Securities Watchdog”
Nigeria Charges Binance, Detained Executives With Tax Evasion: Reports
Advertisements One of two senior Binance executives in government custody has escaped, local media reported over the weekend. Binance, the world’s largest crypto exchange, was charged with tax evasion by Nigerian authorities as a weekslong standoff between the two parties intensified, local media outlets reported Monday, citing a statement from the country’s tax watchdog. TheContinue reading “Nigeria Charges Binance, Detained Executives With Tax Evasion: Reports”
Bitcoin, Ether in the Green as Global Easing Cycle Begins
Advertisements Over $100 million in bitcoin and ether shorts have been liquidated over the past 24 hours. The crypto market began the Asia trading day in the green, as traders cheered BlackRock’s foray into asset tokenisation and the beginning of the global central bank easing cycle. Bitcoin (BTC), the world’s largest digital asset, traded atContinue reading “Bitcoin, Ether in the Green as Global Easing Cycle Begins”
Bitcoin Remains Overbought Despite Recent Correction, JPMorgan Says
Advertisements The pace of net inflows into spot bitcoin ETFs has slowed considerably, with a significant outflow recorded in the past week, the report said. Cryptocurrency markets suffered a sharp correction in the past week with the price of bitcoin (BTC) falling by over 15% before rebounding after the Federal Open Market Committee (FOMC) meetingContinue reading “Bitcoin Remains Overbought Despite Recent Correction, JPMorgan Says”
Frax Finance Targets $100B Value Locked in Singularity Roadmap
Advertisements Frax’s singularity roadmap has set a target of $100 billion in TVL for its layer 2 Fraxtal. Decentralized finance (DeFi) protocol Frax Finance released a singularity road map on Friday to boost the total dollar value of crypto assets locked in its layer 2 blockchain Fraxtal to $100 billion by the end of 2026.Continue reading “Frax Finance Targets $100B Value Locked in Singularity Roadmap”
Bitcoin Tests $66K as Analysts Expect More Volatility Before Calm
Advertisements The market might take a breather this weekend, says Singapore’s QCP Capital. Bitcoin (BTC) tested $66,000 during the Asian trading hours on Friday, as market observers expect the leading cryptocurrency to face more volatility ahead. “Bitcoin remains volatile with the drawdown of 10% we saw this week, with the recent catalyst being driven byContinue reading “Bitcoin Tests $66K as Analysts Expect More Volatility Before Calm”
Want to Track the Speculative Frenzy in Bitcoin Market, Here’s How
Advertisements Speculative frenzy characterised by irrational exuberance and greed is an infamous sign of an impending market top. Speculative frenzy, or periods of intense speculation characterized by irrational exuberance and greed, is an infamous sign of an impending market top. However, tracking signs of speculative frenzy in the bitcoin (BTC) market requires access to andContinue reading “Want to Track the Speculative Frenzy in Bitcoin Market, Here’s How”
Ethereum Foundation Under Investigation by ‘State Authority’
Advertisements The scope of the investigation is unknown. The Ethereum Foundation – the Swiss non-profit organization at the heart of the Ethereum ecosystem – is under investigation by an unnamed “state authority,” according to the group’s website’s GitHub repository. The scope of the investigation and its focus was unknown at press time. According to theContinue reading “Ethereum Foundation Under Investigation by ‘State Authority’”
Kraken Unveils Qualified Custody for Institutions in Crypto-Friendly Wyoming
Advertisements Kraken Institutional operates under the exchange’s state-chartered banking license in Wyoming, attained back in 2020. Cryptocurrency exchange Kraken has unveiled a qualified custody service for institutional clients in crypto-friendly Wyoming through the firm’s long-standing state-chartered banking license in the region. Kraken Institutional, announced on Wednesday, operates under the special purpose depository institution (SPDI) charterContinue reading “Kraken Unveils Qualified Custody for Institutions in Crypto-Friendly Wyoming”
The rising trend of AI tokens goes beyond Bitcoin
Advertisements Investors have high expectations for machine learning applications, which has led to an increase in the value of coins related to AI projects. These coins have grown in value even more than Bitcoin, the world’s largest digital currency. According to CoinGecko, the total market capitalization of AI-related tokens has risen from $2.7 billion inContinue reading “The rising trend of AI tokens goes beyond Bitcoin”
3AC Co-Founder Kyle Davies Says He Won’t Apologize for Crypto Hedge Fund Going ‘Bankrupt’
Advertisements Davies also said he wouldn’t return to Singapore “immediately” in order to effectively avoid jail and wait for some sort of settlement. Kyle Davies, the co-founder of the now-defunct Three Arrows Capital (3AC), has stated that he is not sorry for the crypto hedge fund going bankrupt. Davies was speaking on an episode ofContinue reading “3AC Co-Founder Kyle Davies Says He Won’t Apologize for Crypto Hedge Fund Going ‘Bankrupt’”
Bitcoin’s Slump Sees Crypto Bulls Staring at $440M in Liquidations
Advertisements Prices could be headed to as low as $55,000 in the coming weeks, one trader said, but the long-term bullish outlook remains intact. A brief bitcoin (BTC) slump to under $64,000 caused over $440 million in liquidation for crypto futures traders betting on higher prices. Some traders expect bitcoin to reach the $55,000 levelContinue reading “Bitcoin’s Slump Sees Crypto Bulls Staring at $440M in Liquidations”
Grab’s Singapore Users Can Now Use Crypto to Make Payments
Advertisements Grab’s latest move has been made possible after its tie-up with Triple-A, a firm that enables businesses to pay and get paid in digital currencies, the report added. Grab is letting users make payments via cryptocurrencies, the super app’s crypto payments partner, Triple-A, said in a statement. The super app offers ride-hailing, food deliveryContinue reading “Grab’s Singapore Users Can Now Use Crypto to Make Payments”
Nigeria’s SEC Proposes 400% Increase to Crypto Firm Registration Fees
Advertisements The regulator proposed increases to all supervision fees as the government blamed crypto for recent economic woes. Nigeria’s securities watchdog proposed a 400% increase to registration fees for crypto firms as the country cracks down on the sector, according to a notice published Friday. The proposed amendments to the rules for crypto issuers, exchangesContinue reading “Nigeria’s SEC Proposes 400% Increase to Crypto Firm Registration Fees”
