Author: Oscar

  • Canaan’s Mining Revenue Soars 312% as BTC Holdings Climb

    Canaan’s Mining Revenue Soars 312% as BTC Holdings Climb

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    Oscar

    Canaan Inc., a leading crypto mining hardware manufacturer, has posted an impressive 2024 performance, reporting $269.3 million in total revenue and a 312% surge in bitcoin mining income. The company is also boosting its North American presence, with plans to significantly increase its mining capacity in the coming months. Strong Revenue Growth and BTC Reserves…

  • South Korea Pressures Google to Block Unregistered Crypto Exchanges

    South Korea Pressures Google to Block Unregistered Crypto Exchanges

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    Oscar

    In a bold regulatory move, South Korea has requested Google to restrict access to 17 overseas crypto platforms operating without proper registration. This action underscores the country’s aggressive stance against crypto-related fraud, money laundering, and illegal trading. Google Complies with South Korea’s Crackdown Starting March 25, 2025, users in South Korea will be unable to…

  • Trump Media Partners with Crypto.com for ETF Push

    Trump Media Partners with Crypto.com for ETF Push

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    Oscar

    Trump Media has entered into a non-binding agreement with Crypto.com to launch a series of exchange-traded funds (ETFs) featuring digital assets and securities. The collaboration marks another crypto-linked venture tied to former U.S. President Donald Trump, sparking both excitement and controversy. Trump Media’s ETF Ambitions Trump Media and Technology Group Corp (TMTG), which operates the…

  • Kraken Acquires NinjaTrader for $1.5B in Historic Deal

    Kraken Acquires NinjaTrader for $1.5B in Historic Deal

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    Oscar

    In a landmark move bridging traditional finance and cryptocurrency, Kraken has announced the acquisition of NinjaTrader, a leading futures trading platform, for $1.5 billion. This deal represents the largest crossover to date between traditional finance and the crypto industry, highlighting the growing synergy between the two sectors. Bridging Traditional and Crypto Markets Kraken co-CEO Arjun…

  • Crypto Inflows Surge as Five-Week Outflow Streak Ends

    Crypto Inflows Surge as Five-Week Outflow Streak Ends

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    Oscar

    The crypto market has witnessed a dramatic turnaround, with investment inflows breaking a five-week outflow streak totalling $5.4 billion. Net inflows of $644 million last week signal renewed investor confidence, driven by optimism about the Federal Reserve’s monetary policy. Bitcoin Leads the Comeback Bitcoin (BTC) spearheaded the recovery, recording $724 million in net inflows, according…

  • Cardano Price Signals Bullish Rebound Amid Rising MDIA Indicator

    Cardano Price Signals Bullish Rebound Amid Rising MDIA Indicator

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    Oscar

    Cardano (ADA), one of the leading proof-of-stake cryptocurrencies, is flashing signs of a potential bullish breakout despite its recent downtrend. Technical patterns and on-chain metrics indicate the possibility of a strong recovery in the weeks or months ahead. Rising MDIA: A Bullish Indicator The Mean Dollar Invested Age (MDIA), a metric that tracks the average…

  • Montana Tackles Rising Crypto Scams Amid $12.5B Fraud Crisis

    Montana Tackles Rising Crypto Scams Amid $12.5B Fraud Crisis

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    Oscar

    As cryptocurrency scams surge across the United States, Montana is stepping up its efforts to combat digital asset fraud. With $12.5 billion lost to scams nationwide in 2024, the state is introducing measures to protect vulnerable residents and curb financial exploitation. A Warning from Montana’s Securities Commissioner Montana Commissioner of Securities and Insurance James Brown…

  • Australia Unveils Comprehensive Crypto Regulation Plan

    Australia Unveils Comprehensive Crypto Regulation Plan

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    Oscar

    Australia has announced a groundbreaking initiative to regulate and integrate digital assets into its economy. Inspired by successful models in the European Union and Singapore, the government aims to modernise its financial system through tokenisation, central bank digital currencies (CBDCs), and a robust licensing framework for crypto exchanges. Tokenisation and CBDCs Take Centre Stage In…

  • South Korea Tightens Crypto Rules: Foreign Exchanges Face Sanctions

    South Korea Tightens Crypto Rules: Foreign Exchanges Face Sanctions

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    Oscar

    South Korea’s regulatory crackdown on the crypto industry has intensified, with major foreign exchanges like KuCoin and BitMEX now under scrutiny. As authorities enforce stricter compliance standards, the future of these platforms in the country remains uncertain. Crackdown Targets Foreign Platforms South Korea’s Financial Intelligence Unit (FIU) has flagged multiple foreign exchanges for violating the…

  • Pakistan Sets Sights on Crypto Regulation to Attract Global Investors

    Pakistan Sets Sights on Crypto Regulation to Attract Global Investors

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    Oscar

    Pakistan is making bold strides toward cryptocurrency regulation, aiming to position itself as a leader in blockchain finance. With a pro-business legal framework in the works, the country seeks to attract international investors and tap into its tech-savvy youth. A Pro-Business Legal Framework The Pakistan Crypto Council (PCC), under the leadership of newly appointed CEO…