Tag: Crypto

  • Binance Secures 21st Regulatory Milestone with Brazil Central Bank Approval

    Binance Secures 21st Regulatory Milestone with Brazil Central Bank Approval

    —

    by

    Oscar

    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…

  • Solana Price Surges Above $200 After Pump.fun’s $55M SOL Sale

    Solana Price Surges Above $200 After Pump.fun’s $55M SOL Sale

    —

    by

    Issac Lane

    Major transaction triggers a 10% rebound; experts predict SOL may hit $400 by 2025. Solana Rebounds Following Pump.fun’s $55M SOL Sale Solana (SOL) witnessed a remarkable 10% price recovery, climbing above $200 shortly after Pump.fun transferred $55 million worth of SOL to the Kraken cryptocurrency exchange. The price dip to $189 on Jan. 1 at…

  • KuCoin Unveils New Crypto Payment System for Exchange Users

    KuCoin Unveils New Crypto Payment System for Exchange Users

    —

    by

    Issac Lane

    Introduction of KuCoin Pay Crypto exchange KuCoin has launched a point-of-sale (PoS) system, enabling users to make direct purchases using their exchange balances. Named KuCoin Pay, this innovative tool allows businesses to integrate cryptocurrency payments seamlessly, broadening the utility of digital assets in everyday transactions. Merchants can utilise the KuCoin Pay tool to accept crypto…

  • China Tightens Grip on Crypto with New Forex Rules

    China Tightens Grip on Crypto with New Forex Rules

    —

    by

    Oscar

    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…

  • Bitcoin Faces a Dip Amid Profit-Taking and Economic Concerns

    Bitcoin Faces a Dip Amid Profit-Taking and Economic Concerns

    —

    by

    Oscar

    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…

  • MicroStrategy Increases Total Holdings by $209M with 2,138 BTC

    MicroStrategy Increases Total Holdings by $209M with 2,138 BTC

    —

    by

    V Sinclair

    MicroStrategy, the world’s largest corporate holder of Bitcoin, has continued its accumulation spree, investing $209 million to acquire an additional 2,138 BTC. As per the announcement, this bitcoin has been purchased at an average price of $97,837. Also, it made between December 23 and December 29, 2024, brings the company’s total holdings to 446,400 BTC, valued at…

  • Today’s Crypto Highlights: Bitcoin Reserve, Malware Scams, and Saylor’s BTC Plans

    Today’s Crypto Highlights: Bitcoin Reserve, Malware Scams, and Saylor’s BTC Plans

    —

    by

    Issac Lane

    Hong Kong Legislator Proposes Bitcoin for National Reserve A Hong Kong lawmaker has suggested that the special administrative region consider integrating Bitcoin into its national reserves for financial security. Wu Jiezhuang, a member of Hong Kong’s Legislative Council, highlighted the unique opportunities presented by China’s “one country, two systems” policy to explore this strategic move.…

  • XRP Leads Crypto Decline as Strong Dollar Pressures Markets

    XRP Leads Crypto Decline as Strong Dollar Pressures Markets

    —

    by

    Oscar

    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…

  • Memecoin Market Slumps, Bitcoin Price Predictions for 2025, and El Salvador’s Growing Reserve

    Memecoin Market Slumps, Bitcoin Price Predictions for 2025, and El Salvador’s Growing Reserve

    —

    by

    Issac Lane

    Memecoins Lose Momentum as $40 Billion Wiped Out in December The memecoin market saw a significant decline in December, shedding nearly 30% of its total market capitalisation. According to CoinMarketCap data, the market cap for memecoins peaked at $137.06 billion on 9 December, only to plummet to $92.67 billion by 23 December. This represents a…

  • Do Kwon to Be Extradited to the US over Crypto Collapse

    Do Kwon to Be Extradited to the US over Crypto Collapse

    —

    by

    Oscar

    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…