Crypto News

As the sun sets on another turbulent day in the crypto world, some notable developments have left their mark on the digital asset landscape. The Pi Network is under intense scrutiny as its token price dives below the $0.70 mark, causing concern among stakeholders due to leadership criticism and its absence from Binance's listing. The looming release of 126.6 million tokens adds further pressure on its price trajectory, making the network's future uncertain (PI). Meanwhile, Coinbase is making strategic moves in the derivatives market by seeking approval to launch XRP futures. By self-certifying with the U.S. Commodity Futures Trading Commission, Coinbase aims to offer a regulated and efficient means for investors to access XRP, potentially invigorating market liquidity and bolstering institutional crypto adoption (XRP). Bitcoin startups are defying market dynamics by experiencing a notable surge in funding in 2024. Despite a general decline in sector investment, early-stag...

Proposed Changes to Cybercrime Laws The Thai government is planning to amend two emergency decrees related to cybercrime in order to better protect cryptocurrency traders. The proposed changes come as a response to the increasing use of cryptocurrencies in the country and the need for stronger regulations. Protecting Crypto Traders The proposed changes to the cybercrime laws aim to provide better protection for crypto traders in Thailand. This includes stricter penalties for cybercrimes related to cryptocurrencies and a more comprehensive framework for investigating and prosecuting such crimes. Addressing Cybercrime in the Crypto Space With the growing popularity of cryptocurrencies, cybercrime has become a major concern for governments around the world. Thailand's move to amend its cybercrime laws is a step towards addressing this issue and ensuring the safety of its citizens who are involved in the crypto market. Impact on the Crypt...

As the sun sets on another turbulent day in the crypto world, some notable developments have left their mark on the digital asset landscape. The Pi Network is under intense scrutiny as its token price dives below the $0.70 mark, causing concern among stakeholders due to leadership criticism and its absence from Binance's listing. The looming release of 126.6 million tokens adds further pressure on its price trajectory, making the network's future uncertain (PI). Meanwhile, Coinbase is making strategic moves in the derivatives market by seeking approval to launch XRP futures. By self-certifying with the U.S. Commodity Futures Trading Commission, Coinbase aims to offer a regulated and efficient means for investors to access XRP, potentially invigorating market liquidity and bolstering institutional crypto adoption (XRP). Bitcoin startups are defying market dynamics by experiencing a notable surge in funding in 2024. Despite a general decline in sector investment, early-stag...

These designations are part of the U.S. government's efforts to disrupt and dismantle the Houthis' ability to finance their violent activities. The Impact on Crypto Markets The news of these eight digital asset wallets being identified and the designation of individuals and entities involved in Houthi financing has caused a stir in the crypto market. The prices of top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) have seen a slight dip following the announcement. This is due to the fear that stricter regulations and controls on digital assets may be implemented in the future, which could potentially affect their value and adoption. Market Reaction and Future Outlook The announcement by the U.S. government has sparked debates and discussions among crypto investors and enthusiasts. Some believe that this move may lead to increased scrutiny and regulation of digital assets, while others argue that it is a nece...

As the sun sets on another turbulent day in the crypto world, some notable developments have left their mark on the digital asset landscape. The Pi Network is under intense scrutiny as its token price dives below the $0.70 mark, causing concern among stakeholders due to leadership criticism and its absence from Binance's listing. The looming release of 126.6 million tokens adds further pressure on its price trajectory, making the network's future uncertain (PI). Meanwhile, Coinbase is making strategic moves in the derivatives market by seeking approval to launch XRP futures. By self-certifying with the U.S. Commodity Futures Trading Commission, Coinbase aims to offer a regulated and efficient means for investors to access XRP, potentially invigorating market liquidity and bolstering institutional crypto adoption (XRP). Bitcoin startups are defying market dynamics by experiencing a notable surge in funding in 2024. Despite a general decline in sector investment, early-stage Bi...

Expansion into Miami: Gemini, the popular cryptocurrency exchange founded by the Winklevoss twins, is making moves to expand its presence into Miami. With the recent surge in interest and adoption of cryptocurrencies, Miami has become a hub for crypto companies and investors. By opening an office in the Wynwood Art District, Gemini is positioning itself at the center of this growing community. SEC Enforcement Case: In recent years, the SEC has been cracking down on companies in the crypto space for violating securities laws. Gemini was one of the companies involved in a high-profile case with the SEC, accused of illegally raising funds through an initial coin offering (ICO). However, it seems that this case may have finally come to an end, paving the way for Gemini's expansion into Miami. Gemini's Growing Presence: With offices already in Europe and New York, Gemini's expansion into Miami is a strategic move to continue their...

As the sun sets on yet another action-packed day in the world of cryptocurrency, there’s no shortage of developments to digest. Starting north of the border, Kraken has solidified its position in the Canadian market as a restricted dealer, just as challenges force some competitors like Gemini to retreat. By securing this registration, Kraken not only reaffirms its commitment to Canadian investors but also introduces conveniences like free Interac e-Transfer deposits, widening its appeal in a transforming regulatory landscape. In the arena of regulatory scrutiny, U.S. lawmakers, including Senator Elizabeth Warren, are urging the SEC to dive deeper into the dealings of World Liberty Financial. Linked to President Trump's family, this crypto firm is under the spotlight for potential conflicts of interest that could jeopardize market fairness and investor protection. Meanwhile, on Capitol Hill, the STABLE Act has advanced quietly but significantly, seeking to bring order to the worl...

What is the STABLE Act? The STABLE Act, or the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act, is a proposed bill in the United States that aims to regulate stablecoins, or digital assets that are pegged to a stable asset like the US dollar. This bill was introduced by Representatives Rashida Tlaib, Jesus "Chuy" Garcia, and Stephen Lynch in December 2020. Why is it controversial? The STABLE Act has faced criticism from the crypto community and industry experts for its potential negative impact on innovation and development in the crypto space. Many argue that this bill would stifle competition and hinder the growth of stablecoin projects, ultimately harming consumers and the overall economy. Trump-linked stablecoin ventures under scrutiny As the STABLE Act gains traction, there has been increasing scrutiny of stablecoin ventures with ties to former President Donald Trump. This includes the controversial stablecoin p...

Partnership with Crypto Foundation The startup, called Symbiosis Network, has joined forces with the Crypto Foundation, a non-profit organization focused on promoting the use of blockchain technology and cryptocurrency. The two have submitted a proposal to acquire TikTok in its entirety, including its vast user base and valuable algorithm. This partnership between a social media and adult content mogul and a crypto foundation has raised eyebrows in both industries. Stokely, who has built a successful platform with OnlyFans, sees an opportunity to expand his reach and diversify his business portfolio. Meanwhile, the Crypto Foundation sees TikTok as a potential platform to showcase the benefits and potential of blockchain technology and cryptocurrency to a massive audience. Opportunities for Growth and Innovation Both parties believe that the acquisition of TikTok would bring about significant opportunities for growth and innovation. W...

As the sun sets, let's wrap up the day's whirlwind of crypto headlines with a Crypto Talkies curated just for you. It’s been a day of strategic moves, market jitters, and notable achievements in the crypto world. Kristin Smith is making a notable transition as she prepares to leave the Blockchain Association to helm the newly unveiled Solana Policy Institute, marking another strategic pivot within the blockchain advocacy landscape. This move echoes throughout the industry, even as North Korean tech workers continue their infiltration efforts in European blockchain firms, particularly targeting Solana projects. Meanwhile, VanEck takes a bold step by filing for the first U.S. BNB ETF in Delaware. This move not only indicates increasing mainstream interest in Binance Coin (BNB) but also suggests a broader acceptance of crypto investment products. BNB's trading volumes surged as investors responded with enthusiasm, hoping for a price uptick. In the realm of market dynamics, X...

CBDC Adoption in South Korea The adoption of CBDCs has been a hot topic in the crypto world, and South Korea is one of the countries at the forefront of this trend. The country has been actively exploring the use of CBDCs, with the central bank, the Bank of Korea, conducting various pilot projects and research studies to test the feasibility and effectiveness of a CBDC. 7-Eleven as a Major Retailer 7-Eleven is a household name in South Korea, with over 9,000 stores across the country. Its involvement in the CBDC project is significant as it could potentially pave the way for other major retailers to start accepting CBDC payments. This could lead to wider adoption and use of CBDCs in everyday transactions, further driving the growth and development of the crypto market. Discounts and Incentives The 10% discount offered by 7-Eleven for CBDC payments is a great incentive for customers to try out this new form of digital currency. It also showc...

The Impact of Low Liquidity on Crypto Markets The cryptocurrency market has always been known for its volatile nature, with prices constantly fluctuating and unpredictable shifts in market sentiment. However, one factor that often goes overlooked is the impact of low liquidity on crypto markets. With the rise of decentralized exchanges and the increasing popularity of altcoins, low liquidity has become a common issue in the crypto space. Understanding Liquidity in Crypto Markets Liquidity refers to the ease with which an asset can be bought or sold without significantly affecting its price. In traditional markets, high liquidity is seen as a sign of a healthy and stable market. However, in the crypto space, low liquidity can have a drastic impact on prices and create market imbalances. In simple terms, low liquidity means that there are not enough buyers and sellers in the market, leading to low trading volume and large price swings. This ...

As the sun sets on another bustling day in the crypto world, there's plenty to unpack from the cascade of headlines that have graced our screens. Let's dive right into the highlights of this evening's sundown digest. Crypto investment products are showing signs of a cautious revival with last week's $226 million in inflows. Bitcoin (BTC) remains the frontrunner, attracting $195 million, while its altcoin counterparts, Ethereum and Solana, pulled in a collective $33 million. Despite a decline in total assets under management, this surge in inflows hints at a flicker of optimism among investors. Metaplanet, a Japanese firm, is making waves with its unique debt strategy. The company has raised 2 billion yen ($13.3 million) through zero-interest bonds to boost its Bitcoin holdings to a robust 4,046 BTC. This bold move underscores Metaplanet's confidence in Bitcoin's potential, even as market conditions waver. In a dramatic twist, a hacker who exploited $9.6 milli...

Regulating Digital Assets in Vanuatu Vanuatu, a small island nation in the Pacific, has recently taken steps towards regulating digital assets. This move is aimed towards providing a safe and secure environment for cryptocurrency companies to operate within the country. The Vanuatu Financial Services Commission (VFSC) has been given the authority to issue licenses to crypto service providers, making the country one of the first in the region to have a licensing regime for crypto companies. Stringent Laws for Crypto Companies The newly passed legislation, known as the Virtual Asset Service Providers Act, has been described as “very stringent” by a government regulatory consultant. This means that crypto companies wanting to operate in Vanuatu will have to adhere to strict regulations and comply with international standards such as the Financial Action Task Force's Anti-Money Laundering, Counter-Terrorism Financing and Travel Rule standar...

Rep. French Hill Speaks Out Against Trump's Crypto Deals The cryptocurrency market has been abuzz with news of President Trump's recent involvement in the industry. Trump has shown interest in blockchain technology and has even been rumored to be considering launching his own cryptocurrency. However, not everyone is on board with the president's crypto dealings. Crypto Bills on the Horizon As the crypto market continues to gain mainstream attention, Congress has been working on multiple bills related to cryptocurrencies. These bills aim to provide regulation and oversight for the growing industry. Rep. Hill Breaks Party Silence on Trump's Crypto Involvement While many Republicans have remained silent on Trump's crypto dealings, Rep. French Hill has spoken out against the president's actions. Hill, a member of the House Financial Services Committee, expressed concerns about the potential risks and dangers of unregu...

As the sun sets on another eventful day in the world of cryptocurrencies, we bring you a digest of the latest happenings that are sure to capture the attention of both seasoned investors and curious onlookers. First up, the Shiba Inu (SHIB) token has been experiencing a rollercoaster of fluctuations. Despite initial signs of a breakout, significant volatility has resulted in price drops that wiped out prior gains. The token has now retreated to critical support levels, with ongoing bearish trends indicating potential further losses. The sentiment surrounding SHIB remains negative as selling pressure grips the market. Meanwhile, over in Japan, regulatory discussions are on the horizon as the country's Financial Services Agency considers reclassifying cryptocurrencies as financial products. This move, aimed at addressing scams through the introduction of insider trading regulations, has stirred excitement among crypto enthusiasts. However, legislative hurdles loom large on the pat...