Hong Kong's largest virtual bank becomes the first in Asia to allow Bitcoin and Ether trading directly via its app.

Pump.fun a widely used live-streaming platform is a perfect example of why crypto regulations are required. Many users are predicting a 97% chance of getting shut down. The users strongly demand a shutdown because if the platform can't maintain basic safety features it will fail to run a serious business like crypto.

A lot is happening in the cryptocurrency market, and some altcoins seem to be on the verge of unrestrained growth. Among them, Rexas Finance (RXS), Avalanche (AVAX), NEAR Protocol (NEAR), Litecoin (LTC), and Aptos (APT) are commanding a lot of attention owing to their distinct outlooks and amazing return prospects.

CHILLGUY's market cap briefly crossed $500 million.

TL;DR An unexpected altcoin rally on November 24, 2024, led to the liquidation of over $500 million in long and short positions, highlighting the volatility and unpredictability of the crypto market. Bitcoin's price retraced to $97,790 after failing to surpass $100,000, triggering liquidations of $108.

Pump.Fun is a popular Solana memecoin launcher, which allows users to create any meme-themed cryptocurrency within minutes. With that, it has become one of the fastest-growing crypto projects.

Binance Futures expands its offerings with new 1000WHYUSDT and 1000CHEEMSUSDT perpetual contracts, providing up to 75x leverage. These contracts aim to enhance trading opportunities and user experience.

The Solana meme coin factory has come under scrutiny after reports of users threatening self-harm over token prices.

Singapore Gulf Bank is seeking a $50 million funding round next year and plans to buy a stablecoin payments company. Licensed in Bahrain since February, the bank was set up by the Singapore family office Whampoa Group.

Heightened crypto cash rotation has increased the overall volatility in the altcoin ecosystem led by Dogecoin (DOGE), XRP, and XLM among others.

Under the updated rules, VASPs must submit thirteen reports at specified intervals to ensure thorough oversight. Monthly submissions require two reports detailing transaction volumes, values, and total assets under custody.

FTX co-founder Gary Wang has avoided jail thanks to his cooperation with US authorities, who praised him as instrumental in their fight against crypto fraud.

Pudgy Penguins' safety project manager reported that a Pump.fun user was threatening viewers that they would commit suicide if their token didn't pump.

J. Christopher Giancarlo, former CFTC chair and crypto advocate, joins Paxos board as the company expands its digital asset offerings and regulatory oversight.

With the Bitcoin price likely to cross about the $100,000 mark this week, the altcoins are on the verge of bullish explosion. With the smart money flowing into the lower-cap altcoins for bigger returns, the breakout rally in such altcoins is occurring more frequently.

Coinwire research revealed that over 76% of influencers on the X platform had promoted memecoins that are now defunct. According to the report, only 1% of the shilled memecoins had increased 10x in value, and 80% of them dropped by over 70% in the past week.

In an exclusive interview between Oompaville and MrBeast, the latter responded to growing crypto malpractice allegations. Most discussions focused on allegations that MrBeast crossed the line not only to defraud his followers but also to profit from crypto schemes.

Hong Kong's ZA Bank has announced its entry into cryptocurrency trading, becoming the first bank in Asia to offer retail users direct access to digital assets. The post ZA Bank Becomes First Asian Bank to Offer Retail Crypto Trading Services appeared first on Cryptonews.

Cameron Winklevoss, co-founder of Gemini, is urging the incoming U.S. Attorney General to revisit campaign finance allegations tied to Sam Bankman-Fried, the disgraced founder of the now-defunct FTX exchange.

Singapore Gulf Bank looks to sell equity stakes to fund product expansion and a 2025 stablecoin payments acquisition.

Singapore Gulf Bank is aiming to raise at least $50 million to acquire a stablecoin payments firm by early 2025, inside sources say. According to a Bloomberg report on Nov.

Texas mandates crypto miners in ERCOT to report power usage, aligning mining growth with grid stability and efficiency.

Coinbase is reportedly exploring a partnership with Safaricom to enhance M-PESA with blockchain technology. This move aligns with Coinbase's broader strategy of promoting crypto adoption in Africa, particularly in Kenya and Nigeria. Coinbase is also working with the Kenyan government to foster blockchain development and education.

Hong Kong's digital banking sector has reached a significant milestone as ZA Bank, one of the city's largest digital banks, introduces direct cryptocurrency trading for retail customers.

Binance will implement mandatory Self-Trade Prevention (STP) for all Futures users on December 10, 2024, enhancing trading integrity and compliance.

To power its new crypto trading service, ZA Bank had to tap HashKey, a Hong Kong-based crypto platform.

Amid the complexities of the crypto trading market, many things are out of crypto traders' control. However, in a few instances, even controllable ones get out of control, causing heavy losses for crypto investors.

Singapore Gulf Bank, backed by Bahrain's Mumtalakat Sovereign Wealth Fund and Singapore's Whampoa Group, has set its sights on ambitious goals for 2025. The bank aims to raise at least $50 million in funding and acquire a stablecoin payment company as part of its strategy to solidify its position in the evolving financial landscape.

Pump.fun's livestream feature is spiraling into chaos. What was supposed to be a groundbreaking tool for crypto creators has become a stage for horrifying threats and unthinkable violence.

This week, three US economic events will be on crypto traders' and investors' watchlists. The interest comes amid the continued influence of US macroeconomic data on Bitcoin (BTC) and crypto prices in 2024, after drying up last year.

Binance is set to launch BNBUSDT and SOLUSDT monthly options on November 26, 2024, expanding its European-style options offerings.

Bitcoin's price movements have historically impacted the broader crypto market, sending waves of mixed signals around altcoins. This time, Bitcoin's (BTC) fall below the $98,000 mark brought a market-wide downturn, majorly impacting small-cap altcoins.

Hong Kong-based ZA Bank has become the first digital neobank in the region to give retail customers access to crypto.

India will likely establish mobile payment ties with other countries to improve cross-border payments, trades, and remittances.

The Philippines' central bank plans stricter VASP reporting rules via a new portal set to launch by Jan. 1, 2025. The post Philippines Readies Virtual Asset Reporting Portal for Jan. 1 Rollout appeared first on Cryptonews.

The past week features the first-ever AI poisoning attack, as well as phishing-related theft and a large-scale attack on a DeFi platform. They reveal new patterns of attacks and explain why it is important for the blockchain industry to step up security. 1.

A short but busy week lies ahead on the economic calendar in the United States with GDP and inflation reports and a Federal Reserve meeting.

Since its launch earlier this year, the meme coin platform Pump.fun has become a notable name in the crypto industry. This platform allows users, regardless of their technical know-how, to create and launch meme coins swiftly.

Story Highlights The Solana price hits a new high of $263.84 on 23rd November. The Stellar price soared over 453% this month alone. The Pepe memecoin records a 13x rally this year. As Bitcoin price hovers above the $98,000 mark, top cryptocurrencies maintain their bullish sentiment.

ZA Bank, the largest digital bank in Hong Kong, announced that it would be the first Asian bank to offer crypto buying and selling services to retail users. The bank's statement said that users would be able to trade BTC and ETH using U.S. dollars or Hong Kong dollars through its app.

Retail users in Hong Kong can now buy Ether and Bitcoin through Hong Kong's largest virtual bank, however, they need an account and to undergo a risk assessment first.

Kraken, the second largest U.S. exchange, announced that it was listing more than 19 tokens, including BNB, COW, FWOG, MOODENG, and PNUT. According to Fox Business, the news came as Trump Media and Technology Group (TMTG) is currently in advanced talks to purchase crypto exchange Bakkt.

ZA Bank teamed up with Hong Kong-based crypto exchange HashKey to launch the retail crypto trading service.

PUCT Chairman Thomas Gleeson said the new rule was designed to help manage the power grid as more mining facilities come online.

PUCT Chairman Thomas Gleeson said the new rule was designed to help manage the power grid as more mining facilities come online.

The cryptocurrency market matures as we move into 2024, presenting countless opportunities for investors and enthusiasts. The most promising waves-making projects are Qubetics, Ripple, Binance, Tron, Toncoin, Chainlink, VeChain, and Hedera.

Truth Social has been TMTG's focal point, but the application for the TruthFi trademark signals a diversification of its business operations.