Tag: Crypto
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MoonPay Gains New York Trust Charter as It Expands Regulated Crypto Services
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MoonPay has secured a trust charter from the New York Department of Financial Services (NYDFS). This follows the company’s approval for a BitLicense in June. The new authorisation positions MoonPay among a limited group of crypto firms that hold both approvals in the state. With this trust charter, MoonPay can now offer crypto custody as…
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Kintsu Brings Community-Driven Liquid Staking to Monad Mainnet
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Kintsu has launched its liquid staking protocol on the Monad mainnet, introducing a community-driven model that aims to balance decentralisation, liquidity and yield more effectively in proof-of-stake networks. The protocol uses a performance-based validator marketplace and a single governance token that helps coordinate decision-making while rewarding network participants. A New Approach to Traditional Staking Limitations…
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Zcash Sinks Thirty Percent From November High: Analysts See Deeper Declines Ahead
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Zcash has fallen sharply after an explosive rally, with analysts divided on whether the recent drop signals a healthy correction or the beginning of a deeper slide. ZEC has declined around thirty percent from its November peak of $750, fuelling concerns that the surge was driven by unsustainable hype. Technical Patterns Point Toward a Steeper…
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Bitcoin ETFs Bleed Billions as Treasury Secretary’s Surprise Pub Visit Sparks Buzz
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Spot Bitcoin ETFs in the United States faced another turbulent day as heavy outflows continued through November. The month is now on track to become the worst since the products launched in January 2024. Meanwhile, a surprise appearance by US Treasury Secretary Scott Bessent at a Bitcoin-themed bar ignited excitement across the crypto community. A…
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US Bitcoin ETFs Break Five-Day Slump as BTC Recovers Above $92,000
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United States spot Bitcoin exchange-traded funds showed early signs of stabilisation after a difficult week, recording $75.4 million in net inflows on Wednesday. The rebound came as Bitcoin briefly reclaimed the $92,000 mark following several days of consistent price declines. Inflows Return After Persistent Redemptions Farside Investors data confirmed that the inflow marked the end…
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Metaplanet Targets $135 Million Capital Raise Through New Class B Shares to Boost Bitcoin Holdings
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Metaplanet has announced plans to raise $135 million through the issuance of new Class B perpetual preferred shares as part of a restructuring effort aimed at expanding its Bitcoin-centred treasury strategy. The proposal, disclosed in filings to the Tokyo Stock Exchange, forms a key element of the company’s long term bet on the cryptocurrency despite…
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Kenya’s New Crypto Law Faces Early Pressure as Bitcoin ATMs Emerge in Nairobi Malls
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Kenya’s first comprehensive cryptocurrency law has barely taken effect, yet Bitcoin ATMs have already appeared across major Nairobi malls. This sudden rise in visible crypto infrastructure has created an immediate challenge for regulators who insist that no virtual asset provider is currently authorised to operate under the new framework. Bitcoin ATMs Appear Despite Lack of…
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Cloudflare Outage, Basel Rule Shift and US Push for Crypto Reform Shape Today’s Market
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Basel Regulators Consider Softer Approach to Crypto Capital Rules Global banking regulators are preparing to revisit their strictest crypto requirements as the United States and the United Kingdom refuse to implement them. The Basel Committee’s long-standing consensus faces pressure after both nations pushed back against the 1,250% risk weighting currently applied to banks’ crypto exposures.Erik…
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Crypto ETPs Record Largest Weekly Outflows Since February as Markets Turn Cautious
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Crypto exchange traded products experienced their sharpest weekly outflows since February, with investors pulling nearly two billion dollars amid rising uncertainty in global markets. The continued retreat reflects a broader shift toward safer assets and highlights weakening sentiment across major regions. Outflows Reach Three-Week High The latest data from CoinShares shows that crypto investment products…
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Today in Crypto: Markets Slide as Bitcoin Reverses Gains and Zcash Sparks Fierce Debate
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Crypto Investment Products Face Heavy Outflows Crypto investment products witnessed their largest weekly outflows since February, with CoinShares reporting a staggering two billion dollars leaving the market last week. This marks the third consecutive week of withdrawals, bringing total outflows to three point two billion dollars. James Butterfill, head of research at CoinShares, linked the…