Author: Oscar
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FDIC’s ‘Pause Letters’ to Crypto Firms Raise Regulatory Concerns
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The Federal Deposit Insurance Corporation (FDIC) has come under fire following the release of unredacted documents detailing its alleged efforts to restrict banking services to cryptocurrency firms. Coinbase’s Chief Legal Officer, Paul Grewal, has called these actions a “shameful example” of regulatory overreach, sparking calls for Congressional scrutiny. Newly Revealed ‘Pause Letters’ The documents, obtained…
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XRP Soars to Third Place with $141B Market Cap
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XRP has ascended to the third spot in cryptocurrency rankings, surpassing Tether (USDT) with a remarkable market cap of $141.1 billion. This milestone underscores XRP’s growing influence and potential in the crypto market. Here’s a look at the key factors behind this surge and what the future holds for this token. Factors Driving XRP’s Meteoric…
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Binance Secures 21st Regulatory Milestone with Brazil Central Bank Approval
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Binance, the world’s largest cryptocurrency exchange, has achieved another significant milestone, securing its 21st regulatory approval globally. The Central Bank of Brazil has given the green light for Binance to acquire Sim;paul, a licensed broker-dealer, further cementing its presence in the booming Latin American crypto market. Expanding in a Burgeoning Market Brazil, the most populous…
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Ethereum ETFs Reach Record Inflows as Investor Interest Soars
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Spot Ethereum ETFs in the US saw a record $2.08 billion in net inflows in December 2024, marking a significant surge in investor interest. BlackRock and Fidelity led the charge, while Bitcoin ETFs also posted impressive growth in 2024. In December 2024, U.S. spot Ethereum exchange-traded funds (ETFs) set a new record, with over $2.08…
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China Tightens Grip on Crypto with New Forex Rules
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China has introduced stringent foreign exchange regulations targeting cryptocurrency transactions, further cementing its hardline stance against digital assets. These measures, effective from December 2024, aim to curb risky financial activities, including underground trading and cross-border crypto dealings. New Rules for “Risky” Transactions The State Administration of Foreign Exchange now mandates all banks in mainland China…
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Bitcoin Faces a Dip Amid Profit-Taking and Economic Concerns
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Bitcoin has experienced a sharp drop, falling to $91,800, a price not seen since early December. The largest cryptocurrency’s decline comes as a result of a combination of profit-taking after a strong rally and growing concerns about the wider macroeconomic environment. With market sentiment souring, the price of Bitcoin is now over 14% below its…
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XRP Leads Crypto Decline as Strong Dollar Pressures Markets
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Cryptocurrency markets faced a sharp downturn as the dollar strengthened, causing XRP to lead losses and bitcoin (BTC) to retreat. Here’s a look at the factors contributing to the market’s slide and insights into its potential trajectory. XRP Drops 5%, Leading Crypto Losses XRP fell by over 5% in the past 24 hours, marking the…
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Do Kwon to Be Extradited to the US over Crypto Collapse
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South Korean cryptocurrency entrepreneur Do Kwon is set to be extradited to the United States following a decision by Montenegro’s Ministry of Justice. The ruling brings an end to a protracted legal battle over his role in the collapse of two cryptocurrencies—TerraUSD and Luna—that erased $40 billion (£31.7 billion) of investor wealth and sent shockwaves…
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Top Cryptocurrencies to Watch for the 2025 Bull Run
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The 2025 crypto market is shaping up to be a landmark year, with industry experts dubbing it the “Golden Bull Run.” Bolstered by factors like a pro-Bitcoin U.S. administration, Federal Reserve rate cuts, and the entry of major TradFi players like BlackRock and Fidelity, the market is expected to soar. Altcoins, in particular, could outperform…
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Trump’s Crypto Surge: A Game Changer for Global Digital Assets?
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Donald Trump’s recent pro-cryptocurrency stance is poised to shake up the global digital asset landscape, creating a stark contrast between the US’s evolving approach and the EU’s stringent new rules. As the former president positions the US as the “crypto capital of the planet,” industry players are reassessing their priorities, potentially to Europe’s detriment. Trump’s…