Author: Chris Smith
Bank of England Demands Companies to Disclose Their Crypto Exposure
Reading Time: < 1 minuteThe Prudential Regulation Authority (PRA), the regulatory arm of the Bank of England, has recently issued a directive that requires businesses to disclose their current and anticipated exposure to crypto assets by March 2025.
Australia May Introduce A Stricter Crypto Regulation
Reading Time: < 1 minuteAustralia has suggested more stringent measures to combat financial crime through the implementation of stricter Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) rules.
Hong Kong Accelerates Crypto Licensing to Become Global Hub
Reading Time: < 1 minuteHong Kong is taking steps to expedite the approval process for cryptocurrency trading platforms as it aims to become a leading global hub for the crypto industry.
Travala Unveils a Bitcoin and AVA Reserve
Reading Time: < 1 minuteCryptocurrency-oriented travel agency Travala has announced plans to launch a dedicated reserve for Bitcoin and its native token Ava.
Circle and Binance Join Forces to Drive Global USDC Adoption
Reading Time: < 1 minuteTwo leaders in the crypto industry, Circle Internet Group Inc. and Binance, have formed a new partnership to promote the use of USDC and support the growth of the global digital assets and financial services ecosystem.
Bitoasis Wins License in Dubai
Reading Time: < 1 minuteBitOasis has successfully obtained its Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA).
Weekly Inflows into Crypto ETPs Reach $3.85B
Reading Time: < 1 minuteAs Bitcoin surged past $100,000 for the first time, investment products related to the cryptocurrency saw record inflows of $3.85 billion during the trading week of Dec. 2–6.
FSOC Says Stablecoins Must Be Regulated
Reading Time: < 1 minuteThe US Financial Services Oversight Council has urged the government to create regulations for the issuance of stablecoins, citing potential risks to the financial system.
Crypto Exchange GRVT Wins a License in Bermuda
Reading Time: < 1 minuteThe latest industry company to receive regulatory approval from the Bermuda Monetary Authority (BMA) is hybrid cryptocurrency exchange GRVT.
Trump Appoints ex-PayPal COO as Crypto Czar
Reading Time: < 1 minuteDavid Sacks, a former Chief Operating Officer of PayPal, has been chosen as the United States’ first artificial intelligence and crypto czar, a new position established by President-elect Donald Trump.
MicroStrategy’s Bitcoin-related Profit Reaches $17B
Reading Time: < 1 minuteMicroStrategy has accumulated over $17 billion in unrealized profits through its Bitcoin buying spree.
Mt. Gox Transfers $2.4B in Bitcoin to a New Wallet
Reading Time: < 1 minuteBankrupt cryptocurrency exchange Mt. Gox recently transferred 24,051.75 BTC, equivalent to approximately $2.4 billion, to an unidentified wallet address.
Bitcoin Exceeds $100,000
Reading Time: < 1 minuteThe value of Bitcoin soared to a historic $100,000 milestone, marking a significant achievement for the cryptocurrency market after a year of remarkable growth.
21X Approved to Launch a Regulated Asset Tokenization Platform
Reading Time: < 1 minute21X, a German fintech company, has made history by becoming the first entity to receive a license from the European Union to operate a fully blockchain-based trading platform.
Bitget Launches a New Exchange in Vietnam
Reading Time: < 1 minuteCryptocurrency exchange Bitget has announced the launch of BitEXC, a new trading platform specifically designed for the Vietnamese market.
BitGo Announces Platform for Retail Clients
Reading Time: < 1 minuteBitGo has recently announced its plan to cater to retail investors in addition to its traditional focus on institutional clients over the past ten years.
Inflows into Spot Bitcoin ETFs Reached $6.4B Last Month
Reading Time: < 1 minuteThe US saw a surge in investments into spot Bitcoin exchange-traded funds (ETFs) last month as the BTC market price reached a record-breaking $99,000 level.
Japanese Crypto Exchange DMM Bitcoin Closes Following Hacker Attack
Reading Time: < 1 minuteAfter suffering a hack in May resulting in over $300 million in losses, Japanese cryptocurrency exchange DMM Bitcoin has announced its decision to shut down operations.
Metaplanet Plans to Raise $62M to Acquire More BTC
Reading Time: < 1 minuteJapanese investment firm Metaplanet plans to raise more than $62 million (9.5 billion Japanese Yen) by acquiring stocks in order to add to its Bitcoin treasury.
OKX Expands Services to Belgium
Reading Time: < 1 minuteCryptocurrency exchange OKX has recently expanded its operations in Europe by introducing a new trading platform and self-custodial wallet in Belgium.
Russian Lawmakers Greenlight Crypto Tax Bill
Reading Time: < 1 minuteRussian lawmakers have given their approval to the government’s proposal for a crypto tax bill, which will require Bitcoin miners to pay taxes on their earnings.
Tether Ends Support for Stablecoin EURt
Reading Time: < 1 minuteTether has announced that it will no longer support its euro-pegged stablecoin, EURt. Users are being asked to redeem their EURt holdings within a year.
CFTC Will Oversee Crypto Regulation Under Trump Administration
Reading Time: < 1 minuteThe incoming Trump administration is looking to expand the role and power of the Commodity Futures Trading Commission in overseeing the digital asset market, which is valued at $3 trillion.
WisdomTree Files Application to Launch an XRP ETF
Reading Time: < 1 minuteWisdomTree, an asset management company based in New York, has filed a registration statement for an XRP ETF in Delaware.
US Spot Bitcoin ETFs Lose $438M
Reading Time: < 1 minuteAccording to data from SoSoValue, seven spot Bitcoin ETFs in the US experienced a net outflow of $438.4 million on Monday.