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13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies
20.11.2024
Russia’s governmental commission on electricity development approved cryptocurrency mining restrictions on Monday, set to take effect on Dec. 1 with subsequent enforcement covering Nov. 15 to March 15 annually through 2031. Deputy Energy Minister Yevgeny Grabchak confirmed the decision, which...
Grayscale’s Bitcoin and Ethereum Mini ETFs See Share Prices Multiply
20.11.2024
Grayscale Investments has finalized reverse share splits for its Bitcoin Mini Trust ETF (BTC) and Ethereum Mini Trust ETF (ETH), effective Nov. 19, 2024. These splits adjust share prices relative to their net asset values, with BTC shares increasing fivefold and ETH shares rising tenfold, while...
President Trump’s Media Company Reportedly Targets Bold All-Share Takeover of Crypto Exchange
19.11.2024
President Trump’s Trump Media and Technology Group (TMTG) is reportedly in advanced talks to acquire Bakkt, a cryptocurrency trading venue owned by Intercontinental Exchange (ICE), in a potential all-share takeover, according to a report by the FT. With TMTG’s equity valuation...
Coinbase CEO Brian Armstrong and Trump Reportedly Hold Private Discussion
19.11.2024
According to “people familiar with the matter” who spilled the beans to the Wall Street Journal (WSJ), Coinbase CEO Brian Armstrong reportedly met with U.S. President-elect Donald Trump on Monday. WSJ reporter Brian Schwartz claims the meeting would be the first since Election Day on Nov. 5 and...
Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets
19.11.2024
Goldman Sachs is planning to spin off its digital assets platform into an independent company, aiming to enable large financial firms to create, trade, and settle instruments via blockchain. Mathew McDermott, Goldman’s global head of digital assets, revealed that the initiative is in early stages...
Metaplanet Secures Over $11M in Bonds to Boost Bitcoin Holdings
18.11.2024
Metaplanet, a company listed on the Tokyo Stock Exchange, has announced the issuance of about $11.31 million (¥1.75 billion) in one-year bonds with a 0.36% interest rate, with the proceeds earmarked for additional purchases of bitcoin (BTC). This strategic move underscores Metaplanet’s...
Crypto Transactions Surge in Spain’s Real Estate Market
18.11.2024
According to Enlace, a real estate tech company, the number of real estate transactions involving some form of cryptocurrency as payment has surged this year. The company found that this usage grew by 15% in 2024, driven by the benefits these payment methods offer over traditional purchases...
First European Presidential Candidate Joins the Global Race for Bitcoin With Call for a National Strategic Reserve
18.11.2024
In a bold move that echoes recent calls from the U.S. to establish a Strategic Bitcoin Reserve, Sławomir Mentzen, a presidential candidate, has proposed that his country create its own Strategic Bitcoin Reserve. In a recent social media post, Mentzen outlined his vision for transforming...
Andrew Tate Makes the Case for Bitcoin Over Other Investment Options
18.11.2024
Andrew Tate, former kickboxer and social media personality, has made the case for investing in bitcoin over other assets, such as gold and real estate. On social media, Tate expressed worries about the size of his BTC stash, stating he had concerns about a few hundred BTC might not be enough....
Bybit Rallies to Support Flood-Stricken Communities in Spain: A Commitment to Recovery
17.11.2024
Bybit has announced its commitment to assist communities affected by the catastrophic floods in Valencia and other regions of Spain, which have resulted in over 200 fatalities, thousands of displaced individuals, and extensive infrastructure damage. In partnership with the local non-profit...
Crypto.com Expands Offerings With Acquisition in Australia
17.11.2024
Crypto.com has announced its acquisition of Fintek Securities Pty Ltd., a brokerage firm with an Australian Financial Services Licence regulated by the Australian Securities and Investments Commission. This move allows Crypto.com to broaden its financial product offerings, including derivatives...
DOJ’s Crypto Enforcement Cracks Down on $73M Laundering Scheme
17.11.2024
The U.S. Department of Justice (DOJ) announced Tuesday that Daren Li, a dual citizen of China and St. Kitts and Nevis, has pleaded guilty to conspiracy to commit money laundering, admitting to laundering over $73 million from cryptocurrency investment scams. Li, 41, operated through a network...
Hong Kong Exposes Crypto Firms Misrepresenting as Licensed Banks
16.11.2024
The Hong Kong Monetary Authority (HKMA) has issued a warning about the misuse of the term “bank” by overseas crypto firms operating in Hong Kong, cautioning the public to verify the legitimacy of such claims. The HKMA observed that two crypto firms, which are not licensed banks in Hong Kong...
Russia’s Massive Leap: Digital Financial Market Eyes Trillion-Ruble Milestone
16.11.2024
Russia’s issuance of digital financial assets could reach 10 trillion rubles (approximately $101.36 billion) by 2026, according to Sberbank Deputy Chairman Anatoly Popov. Speaking in Moscow, Popov noted that the current market volume for digital financial assets in Russia has already surpassed half...
Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice
16.11.2024
A Norwegian expert committee advising lawmakers has recommended no immediate need to adopt a central bank digital currency (CBDC). Despite the declining use of cash, which dropped to just 2% of transactions at physical points of sale during the pandemic, the committee emphasized cash’s importance...
JPMorgan CEO Excluded From Trump’s Visionary Administration
16.11.2024
U.S. President-elect Donald Trump has announced that JPMorgan Chase CEO Jamie Dimon, a vocal crypto critic, will not be invited to join his administration. Trump wrote on his social media platform Truth Social on Thursday: “I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not...
Prosecutors Ease Off: Crypto Crimes Lose Spotlight in Manhattan
16.11.2024
The U.S. Attorney’s Office in Manhattan will scale back its focus on cryptocurrency crimes after securing high-profile convictions, including FTX founder Sam Bankman-Fried (SBF), according to Scott Hartman, co-chief of the securities and commodities task force at the Southern District of...
Mountain Protocol Brings Yield-Generating Stablecoin Products to El Dorado
15.11.2024
Mountain Protocol, a yield-bearing stablecoin project, has partnered with the P2P exchange El Dorado to bring yield savings products to Latin American customers. Both organizations have teamed up to offer up to 4.5% APY for El Dorado Earn customers. The initiative receives USDT and automatically...
India Urged to Embrace Bitcoin as Strategic Reserve Asset Amid Global Unrest
15.11.2024
Investment firm Bernstein has urged India to recognize bitcoin as a strategic reserve asset, highlighting its potential as “digital gold” amid global financial risks like inflation, U.S. debt, and geopolitical instability. Bernstein argues that India’s current focus on central...
UK Crypto Rules Poised to Shift as Trump’s US Policy Gains Momentum
15.11.2024
The UK government reportedly plans to unveil new cryptocurrency regulations this month, aiming to bolster the UK’s position as a global crypto hub amid increasing competition from the U.S., where recent policy shifts under Donald Trump favor the industry. The UK Treasury’s proposed...