Kazakhstan mulls Binance, Bybit for digital asset trading
The crypto exchanges have received the consent of the AFSA regulator to be the first fully licensed Digital Asset Trading Facilities in Kazakhstan.
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The crypto exchanges have received the consent of the AFSA regulator to be the first fully licensed Digital Asset Trading Facilities in Kazakhstan.
Latvias central bank is taking proactive steps to align with the EUs upcoming crypto regulations by offering free pre-licensing consultations for crypto-asset service providers.
Binance described Tokocrypto as its subsidiary, suggesting that it may have a controlling stake in the Indonesian trading platform.
Digital asset investment products faced significant outflows, primarily from the US, amid interest rate cut uncertainty, while Europe showed resilience. (Read More)
The company has also partnered with Shopify to enable physical merchandise sales from directly within Roblox experiences.
WisdomTree, a prominent asset management firm, has withdrawn its S-1 registration filing for the WisdomTree Ethereum Trust. The firm declared in a filing with the US Securities and Exchange Commission. The S-1 filing was intended to pave the way for WisdomTree’s Ethereum Trust to be listed on the stock exchange.
Cardano and Hedera join the Decentralized Recovery Alliance alongside Ripple and Algorand to shape the future of crypto security standards.
The Massachusetts senator said she agreed to two debates in October, while John Deaton challenged her to five after his primary victory.
The new custody service will be just the latest in the bank's new digital asset and AI activities.
Taiwans FSC opens investment channels for professional investors, allowing access to high-risk foreign digital asset ETFs while maintaining a cautious stance on market risks.
Cypherpunk Jameson Lopp is making sure there are viable custody solutions that prioritize the user.
Taiwans FSC opens investment channels for professional investors, allowing access to high-risk foreign digital asset ETFs while maintaining a cautious stance on market risks.
Digital assets r xprincing sustind intrst, supportd by xpcttions of dovish montry policy. According to rport by CoinShrs, this mrks th third conscutiv wk of inflows, with this wk’s totl mounting to n imprssiv $1.2 billion. This trnd highlights rsurgnc of invstor confidnc in th digitl sst mrkt. Mrkt xpcttions of […]
Matrixport has completed its all-cash acquisition of Switzerland-based Crypto Finance Asset Management.
BlackRock, ARK 21Shares and Fidelitys Bitcoin products led the way with $499 million, $289.5 million and $206.1 million in inflows, respectively.
The event is the 2024 Tsinghua PBC Chief Economist Forum, held in Beijing, on September 28th and drew massive focus on the changing role of cryptocurrency within the financial system. The event featured a speech by Zhu Guangyao, previously the vice minister of chinas Ministry of Finance, in which he encouraged the participants, as well […]
John Deaton has discussed his stance on US Federal Reserve CBDCs, regulatory clarity and government accountability in his Senate run.
Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.
Bitcoin (BTC) looks poised to record its best September in a decade, surging past $65,000. This uncharacteristic price appreciation could be attributed to several key factors. Reasons Behind Bitcoins Impressive September Gains Historically, September has consistently been the worst month for BTC in terms of price performance. However, the apex cryptocurrency is now on track to post its best September in at least a decade, driven by several macroeconomic developments. Related Reading: Bitcoin Could Top At $400,000 Based On This Model, Analyst Says On September 18, the US Federal Reserve (Fed) initiated its interest rate cut cycle for the first time in four years, slashing rates by 50 basis points (bps) in response to slowing inflation and rising unemployment. The rate cut immediately impacted risk-on assets, including BTC, which has appreciated by over 10% since the cut. In comparison, Bitcoins average price decline in September over the past decade has been 3.45%, according to the chart below from CoinGlass. According to the Fed’s decision, the European Central Bank (ECB) and the Peoples Bank of China (PBoC) lowered borrowing costs to stimulate their respective economies. This further propelled BTCs price towards its previous highs. Bitcoin halving is another key factor that could now be starting to show its effect on the digital assets price action. Bitcoin underwent its halving earlier this year in April, reducing block confirmation rewards for miners from 6.25 BTC to 3.125 BTC. Past data indicates that halving has typically been a bullish trigger for Bitcoin due to the resulting supply scarcity. For instance, in May 2020, BTC price rose from roughly $8,900 before the halving to more than $64,000 by April 2021 – an 8x price surge in less than a year. Meanwhile, US spot Bitcoin exchange-traded funds (ETFs) continue to witness rising interest from retail and institutional investors alike, as they recorded $365.57 million in total net daily inflows on September 26, the largest since late July. Since their launch, the cumulative net inflow for Bitcoin ETFs now totals $18.31 billion. Cautious Optimism Key To Riding The BTC Wave While BTC appears to have shaken off its typical September slump, its worth highlighting that the leading digital asset still needs to overcome certain important price levels before hitting a new all-time-high (ATH). Related Reading: Here Is Why The Bitcoin Bull Run Hasnt Started, According To Analyst As previously reported, Bitcoins relative strength index (RSI) fell below 80 on the monthly chart, signaling that the cryptocurrencys bullish momentum might fade after an enthusiastic buying spree. In addition, a recent report by crypto exchange Bitfinex noted that despite Bitcoins recent upward movement, it must decisively overcome a strong resistance level of $65,200 to continue its positive momentum. The good news for bulls is that BTC is holding steady at $65,674, up 2% in the last 24 hours. Featured image from Unsplash, Charts from CoinGlass.com and Tradingview.com
Celestia tokens worth $1.1 billion will be unlocked on Oct. 31, while $300 million in Cheelee tokens will be released on Oct. 10.
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