Backpack Exchange strategically acquired FTX's European division, demonstrating a commitment to restoring trust in cryptocurrency trading after the FTX collapse.
The Asia-based crypto firm has obtained regulatory approval through its European unit to operate crypto trading services in Ireland.
The country's regulator liquidated 36 illegal crypto exchanges in 2024. These exchanges generated over US$113 million in revenue.
FTX's bankrupt European arm, which held a MiFID II-license under the Cyprus Securities and Exchange Commission (CySEC), was acquired by Backpack for $32.7 million.
Backpack EU will be responsible for distributing court-approved FTX bankruptcy claims to FTX EU customers as part of the acquisition.
Brendan Greene, the creator of PlayerUnknown's Battlegrounds (PUBG), is working on a next-gen metaverse project named Artemis, focusing on gameplay innovation over speculative tech like NFTs.
Backpack Exchange will take responsibility for distributing the court-approved FTX bankruptcy claims to FTX EU users.
Thai police have launched a manhunt for two Russian suspects accused of turning a cryptocurrency-related dispute into a violent robbery in Phuket.
criminal group in southern Vietnam involved in a clear cryptocurrency mining scam has defrauded at least 200 people of VND 4 billion ($157,300). The sting was executed by Tran Minh Quang, 41, and three others who were apprehended in Dong Nai Province south of Ho Chi Minh City.
Arthur Hayes, former CEO of BitMEX, has issued a bold forecast for the cryptocurrency market, predicting a peak in mid-March 2025, followed by a severe correction.
As the cryptocurrency market experiences a notable resurgence, Bitcoin (BTC) continues to lead the charge, while altcoins—especially Cardano (ADA)—are making significant gains. Altcoins Market On The Cusp Of Change: Will Bullish Momentum Prevail?
HashKey Europe has entered Ireland following its approval for a VASP license under MiCA regulations, enabling various crypto services.
As we kick off 2025, the crypto world finds itself navigating a delicate dance between policy expectations and liquidity dynamics. While the “Trump Pump” has fueled optimism, concerns about the pace and impact of pro-crypto policies are buzzing in the market.
Given Trudeau's previous anti-Bitcoin stance, his departure could open doors for Canada's pro-crypto shift. The post Canadian Prime Minister Justin Trudeau to Resign: What it Means for Crypto appeared first on Cryptonews.
BitMEX co-founder Arthur Hayes has predicted that the cryptocurrency market will peak in March. After this, he expects a major correction to happen.
The lead of Reddit's avatar NFT offering has left, sparking concerns from the platform's users over whether the social giant will swing the axe at the program.
Could M&A revival be the hidden key to crypto's next leap?
The cryptocurrency industry is on track for a transformative 2025, driven by advancements in tokenization, AI innovation, increasing Bitcoin adoption, and corporate activity.
Binance to support aelf network upgrade, temporarily halting deposits and withdrawals on Jan. 15, 2025.
Arthur Hayes revealed that the Fed's quantitative tightening policy continues at $60 billion per month, which reduces its balance sheet. He predicts that the market will peak in mid to late March, which equates to a removal of $180 billion worth of liquidity due to quantitative tightening from January to March.
As the crypto market enters what Bernstein analysts refer to as its “Infinity Age,” a surge of positivity has arisen, especially with Bitcoin (BTC) recovering its momentum and rising toward the $102,000 level at the week's start.
The crypto market seems to be nearing the peak of its current bull cycle, with analysts projecting a potential top by early to mid-2025.
“We're seeing people up and down the cabinet who have been supportive of digital assets, innovation, and AI,” said TRM Labs' Ari Redbord.
Crypto exchange-traded products (ETPs) saw $585 million in inflows in the first three days of 2025, according to CoinShares data.
Restaking protocol Solayer is developing InfiniSVM, a hardware-accelerated blockchain solution based on the Solana Virtual Machine.
Some crypto traders have made millions of dollars from the latest leading narrative, Artificial Intelligence (AI) related tokens. However, the sector's quick rise in popularity has received backlash from several community members and industry figures, who consider the tokens “worse” than the memecoin trend.
Authorities worldwide appears to be ramping up efforts to combat cryptocurrency scams and AI-related fraud, as these threats continue to evolve and target unsuspecting victims. Recent cases from Vietnam, the United States, and Hong Kong highlight the growing sophistication of these criminal activities and the global response aimed at dismantling these operations.
"Too many fools will get too leveraged, miss the top and get blown out," Brandt assumed.
The Dec. 2024 report highlights key developments in market capitalization, Bitcoin's rise, Ethereum's growth, and the expanding role of AI in the cryptocurrency ecosystem.
Michael Barr's resignation as Fed Vice Chair for Supervision has sparked optimism among crypto advocates seeking friendlier regulations. The post Crypto Industry Optimistic as Michael Barr Leaves Fed Vice Chair Role appeared first on Cryptonews.
Upcoming US economic events, like the December jobs report and Fed minutes, are set to influence crypto market trends. Key sentiment shifts ahead.
Vietnamese police exposed crypto scams, including a $157,300 fraud by BitMiner and a $1.17M fake cryptocurrency scheme. Hong Kong uncovered a $4.37M global scam using AI deepfakes to target victims via fake crypto platforms.
Jeju Island, South Korea's special self-governing province, plans to introduce NFT-based digital resident tourism cards in the second half of this year.
The Kremlin's crypto mining drive may be motivated by its desire to turn Russia into an AI powerhouse, experts have suggested. The post Is AI Ambition Driving Russia's Crypto Mining Pivot? appeared first on Cryptonews.
The crypto data research and analytics platform CryptoRank revealed that the crypto markets should expect approximately $7.2 billion in crypto token unlocks in January this year. The data analytics platform further revealed the top 10 projects with the most significant token unlock value, including Aptos, Optimism, and Arbitrum.
In a major advancement for the cryptocurrency sector, Gemini Trust, headed by the Winklevoss twins, Tyler and Cameron Winklevoss, has consented to pay $5 million to resolve allegations made by the Commodity Futures Trading Commission (CFTC).
Canadian Prime Minister Justin Trudeau's exit has put attention on opposition leader Pierre Poilievre, who has a history of pro-crypto comments.
Solayer introduces InfiniSVM, a hardware-accelerated blockchain for Solana, aiming for 100 Gbps network speeds with atomic state consistency.
Babylon has officially announced the launch of its Phase-2 testnet, known as bbn-test-5, set to begin block production on January 8, 2025, at 9 AM UTC. This phase introduces an upgraded staking web app and focuses on testing new functionalities within the Babylon Proof-of-Stake chain.
The cryptocurrency market has been experiencing some positive movement today, as major coins like Bitcoin (BTC) and Ethereum show signs of recovery. After a period of market stagnation, the total crypto market cap has risen by a significant amount, bringing renewed optimism among investors.
Michael Barr stepped down from his post on Monday and follows closely on the heels of SEC Chairman Gary Gensler's announcement late last year.
DePIN projects saw revenue explode in 2024, reaching over $500 million—a 100x increase from 2022—according to a report from Messari.
Four “kimchi premium” traders will serve time in jail after a South Korean court found them guilty of crypto and foreign currency law-related violations. The post South Korean Court Jails ‘Kimchi Premium' Crypto Trading Gang appeared first on Cryptonews.
Vendors of exchange-traded funds are crafting lucrative deals to appeal to investors and drive them closer to the cryptocurrency craze.
Gemini Trust Company reaches $5 million settlement with CFTC over Bitcoin futures case, choosing to resolve litigation before the upcoming Trump administration.
The Federal Reserve Board has announced that Michael S. Barr is resigning from his position as Vice Chair for Supervision. In a statement, Barr said he didn't want a potential dispute over the position in the near future to distract from the Fed's “mission.
Coinshares' asset management report showed that net inflows into global crypto funds reached a record $44.2 billion in 2024. Crypto Funds Shatter Record for Yearly Net Inflows Digital crypto investment products recorded a staggering $44.2 billion in net inflows in 2024.
Peter Brandt, a seasoned financial trader, has issued a stark warning to cryptocurrency enthusiasts, particularly those investing in meme coins. In a post on X, he pointed to the growing threats associated with speculative crypto-assets.