Author: Chris Smith
OKX to Set its Europe Hub in Malta
Reading Time: < 1 minuteOKX is planning to establish a foothold in the European Union by setting up in Malta and adhering to the new Markets in Crypto assets (MiCA) regulatory framework.
US House Fails to Overturn Biden’s Veto of a SEC Crypto Rule
Reading Time: < 1 minuteIn a vote of 228-184, US lawmakers fell short in their attempt to override President Joe Biden’s veto of a legislative measure designed to reverse a controversial crypto accounting bulletin.
Market Update July 11
Reading Time: < 1 minuteThe cryptocurrency market painted a picture of relative calmness over the past 24 hours, with many major coins experiencing minimal price swings.
BitMEX Pleads Guilty to Violating the Bank Secrecy Act
Reading Time: < 1 minuteIn violation of the Bank Secrecy Act, BitMEX has admitted guilt in a new announcement from the US Department of Justice on Wednesday.
Terraform Labs Plans to Sell 4 Companies
Reading Time: < 1 minuteTerraform Labs has recently announced plans to sell four of its businesses as part of a $4.5 billion deal with the United States Securities and Exchange Commission (SEC).
Market Update July 10
Reading Time: < 1 minuteThe cryptocurrency market experienced a positive swing in the last 24 hours, with the overall market capitalization climbing roughly 2%.
BlackRock’s Tokenized Fund Market Value Exceeds $500 Million
Reading Time: < 1 minuteBlackRock’s BUIDL Fund, which was launched on the Ethereum network in March, has surpassed $500 million in market value, making it the highest-valued tokenized treasury fund in the world.
Market Update July 9
Reading Time: < 1 minuteThe crypto market painted a picture of cautious optimism over the past 24 hours, with some major coins experiencing modest gains while others remained subdued.
Paxful Co-founder Could Be Sentenced to 5 Years in Jail
Reading Time: < 1 minuteArtur Schaback, co-founder and former tech chief of Paxful, has pleaded guilty to conspiring to fail to maintain an effective Anti-Money Laundering program at the crypto exchange.
Bitfinex: Bitcoin Has Reached a Local Bottom
Reading Time: < 1 minuteBitcoin faced a significant decrease in value during June, but a new report from analysts at Bitfinex suggests that it may have reached a local low.
Market Update July 8
Reading Time: < 1 minuteThe past 24 hours in the cryptocurrency market have been a microcosm of the industry itself: a whirlwind of movement, some positive, some negative, all underpinned by the ever-present undercurrent of volatility.
Germany Holds Over $2K in Bitcoin
Reading Time: < 1 minuteRecent events involving Germany’s sale of Bitcoin and reimbursements from the Mt. Gox scandal have caused major disruptions in the cryptocurrency market, and there may be more drama still to come.
Inflows into Spot Bitcoin ETFs Surge Following BTC Price Fall
Reading Time: < 1 minuteFollowing a drop in Bitcoin’s price below $54,000 on July 4, Spot Bitcoin exchange-traded funds (ETFs) based in the United States experienced a surge in inflows on July 6.
Market Update July 5
Reading Time: < 1 minuteThe cryptocurrency market is experiencing a significant downturn today, with major coins like Bitcoin and Ethereum suffering substantial losses.
Mt.Gox Moves Bitcoins Ahead of Payment to Creditors
Reading Time: < 1 minuteIn the last few hours, there have been two transactions involving a number of wallets connected to Mt Gox. These transactions occurred right before the planned repayment of $9 billion of Bitcoin.
Market Update July 4
Reading Time: < 1 minuteThe crypto market is currently experiencing a period of consolidation, marked by a significant drop in prices across the board.
Bitwise Files Amended Ethereum ETF Registration Form
Reading Time: < 1 minuteBitwise has submitted a revised S-1 form ahead of its July 8 deadline for launching an Ethereum exchange-traded fund.
Consensys Purchases Wallet Guard
Reading Time: < 1 minuteConsensys has recently announced its acquisition of Wallet Guard, a security tool designed to safeguard digital assets and data from potential theft, scams, and fraud.
Market Update July 3
Reading Time: < 1 minuteThe crypto market is seeing a subdued day on July 3, 2024. The overall market cap sits at $2.24 trillion.
Standard Chartered: Bitcoin Will Reach a Record Level Next Month
Reading Time: < 1 minuteAccording to Standard Chartered’s head of forex and digital assets research, Geoffrey Kendrick, the price of Bitcoin may reach a new record high in August and could potentially hit $100,000 by the time of the US presidential election in November.
Ethereum Set to Outperform Bitcoin After ETH-based ETFs Start Trading: Report
Reading Time: < 1 minuteAccording to analysts at K33 Research, the upcoming launch of Ether exchange-traded funds (ETFs) in the United States could lead to the cryptocurrency outperforming Bitcoin in the weeks to come.
Market Update July 2
Reading Time: < 1 minuteThis morning, the crypto market displayed mixed signals, with Bitcoin experiencing a slight decline while some altcoins saw moderate increases.
Bahamas Will Require Banks to Support its CBDC
Reading Time: < 1 minuteThe Bahamas government is taking steps to boost the use of its “Sand Dollar” central bank digital currency (CBDC) by introducing a new law that will require commercial banks to support it.
Philippines Adds USDT As Payment Method for Social Security Payments
Reading Time: < 1 minuteTether has announced a new option for citizens of the Philippines to pay their Social Security System (SSS) contributions using USDT.
Internal Revenue Service Releases Latest Broker Rule Guidance
Reading Time: < 1 minuteOn Friday, the Internal Revenue Service (IRS) released the latest version of its controversial guidance on the “broker rule.”
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