Author: Oscar
-
Standard Chartered, Virtu Join UK’s First Regulated Crypto Derivatives Platform
—
by
London-based Global Futures and Options Ltd. (GFO-X) is set to launch the UK’s first regulated and centrally cleared crypto derivatives trading platform in early 2025. The platform, focused on Bitcoin index futures and options, has secured major financial players like Standard Chartered Plc, Virtu Financial Inc., ABN Amro Clearing, and market maker IMC. Delayed Launch…
-
Trump Appoints David Sacks as AI and Crypto Czar
—
by
U.S. President-elect Donald Trump has appointed former PayPal COO David Sacks as the “White House AI & Crypto Czar.” The announcement, made on Trump’s social platform Truth Social, underscores his administration’s focus on establishing regulatory clarity for cryptocurrencies and artificial intelligence (AI). Sacks, a prominent venture capitalist and member of the “PayPal Mafia,” will oversee…
-
Trump Taps Paul Atkins as SEC Chief, Pledges Crypto-Friendly Future
—
by
President-elect Donald Trump has nominated Paul Atkins as the new chair of the Securities and Exchange Commission (SEC), signalling a shift toward pro-business policies and looser regulation, particularly in the fast-evolving cryptocurrency market. A former SEC commissioner under President George W. Bush, Atkins is known for his conservative stance on financial regulation and his support…
-
Bitcoin Breaks into the Top 10 Largest Currencies Globally
—
by
Bitcoin, the pioneering cryptocurrency, has made history by becoming the world’s 10th largest currency by market capitalisation. With 19.8 million BTC valued at $2.04 trillion, Bitcoin’s meteoric rise cements its status as one of the most influential assets in global finance. A Remarkable Journey to the Top Since its inception in 2009, Bitcoin has grown…
-
Bitcoin Surges as MicroStrategy Eyes Nasdaq-100 Inclusion
—
by
MicroStrategy, a business analytics firm turned “bitcoin treasury” juggernaut, is on the verge of being included in the prestigious Nasdaq-100 Index. With a $75 billion market cap and a near-500% stock price surge in 2024, it currently ranks as the 66th-largest company in the market. Analysts believe its inclusion is “basically guaranteed,” though some warn…
-
India Cracks Down on Crypto Tax Evasion, Targets Binance and WazirX
—
by
The Indian government has uncovered significant tax evasion by major cryptocurrency exchanges, recovering millions in unpaid goods and services tax (GST). This includes actions against industry leaders like Binance and WazirX. $97 Million in Unpaid GST Identified India’s Minister of State for Finance, Pankaj Chaudhary, revealed that authorities have detected ₹824 crore ($97 million) in…
-
Bitcoin Rebounds Above $95K as Altcoins Gain Momentum
—
by
Bitcoin experienced a slight price correction, prompting a noticeable shift in market sentiment. Investors are diversifying their portfolios, with increased interest in altcoins signaling a potential pivot in the crypto economy. Despite this movement, Bitcoin retains its dominant market position and strong performance metrics, reinforcing its status as a cornerstone asset. Altcoins Garner Attention The…
-
MARA Holdings to Raise $805M for Bitcoin Expansion and Debt Management
—
by
MARA Holdings, Inc., a key player in blockchain computing, has announced plans to raise $805 million through convertible senior notes due in 2031. This move underscores the company’s commitment to expanding its Bitcoin holdings and managing its financial obligations. The offering targets qualified institutional buyers, comprising $700 million in convertible notes and an optional $105…
-
XRP Climbs Back to Third-Largest Cryptocurrency by Market Cap
—
by
XRP, the cryptocurrency powering Ripple’s blockchain payment solutions, has reclaimed its position as the third-largest cryptocurrency by market capitalization. This milestone comes nearly four years after a legal battle with the U.S. Securities and Exchange Commission (SEC), which accused Ripple of conducting an unregistered securities offering in 2020. The lawsuit initially caused XRP’s value to…
-
$30M DEXX Hack Tied to Over 8,600 Solana Wallets
—
by
Blockchain security firm SlowMist has linked over 8,620 Solana wallets to the $30 million exploit of DEXX, a memecoin trading platform. Initially reported on November 16 with $21 million in losses, the figure was later revised to $30 million due to memecoin price fluctuations. The hack affected at least 900 users, making it the second-largest…