The crypto industry wanted regulation, and now they have it – with the EU's MiCA. You would think this will be embraced at first glance.
The Consumer Financial Protection Bureau has proposed a rule that would require U.S. cryptocurrency companies to refund customers who lose funds due to hacks or unauthorized transactions.
Canada's potential future PM has endorsed crypto in the past, but industry executives warn it may harm his upcoming campaign.
We all know how utility and credentials make or break cryptocurrencies, but is that all there is to it? A meme coin's market hype, including what the most popular crypto influencers are saying, can have a massive impact on its presale numbers and, ultimately, on its performance once it's listed.
TL;DR The USD0++ stablecoin introduces a dual exit system, causing volatility and uncertainty in the market. Users face the choice between a conditional exit with penalties or an unconditional exit with a minimum price of $0.87, which will increase to $1 over four years.
A recent comment from a Federal Reserve official has sparked speculation across financial markets, particularly in the cryptocurrency sector.
This decision comes as the company navigates evolving regulations in India. It aims to finalize its registration as a Virtual Digital Asset Service Provider (VDASP) in the coming weeks.
Bybit may suspend all traders from India for weeks, until it finishes the registration with local financial regulators.
The new regulation classifies staking as a technical process, clarifying blockchain networks like Ethereum and Solana. UK Treasury amends FSMA to separate crypto staking from investment schemes, effective January 31, 2025.
Bybit will temporarily restrict its services for Indian users starting Jan. 12. This pause comes as the platform completes its registration as a Virtual Digital Asset Service Provider with India's Financial Intelligence Unit, according to a company announcement.
2025 looks promising for the cryptocurrency industry after sectors like OTC and stablecoin transactions witnessed booms in 2024, Finery Markets experts shared.
While the cryptocurrency sector can be extremely volatile, its unpredictability can present exciting opportunities for investors who want to profit from sudden price movements. Take $WIF, for example.
The Telegram-based game Seed has announced key details regarding its token launch and airdrop, which are set to occur soon on the Sui blockchain.
Bybit in India will temporarily halt new trades, deposits, and product access from January 12, 2025.
Crypto exchange Bybit has announced that its temporarily halting its services in India amid crypto regulation and compliance issues. The exchange will suspend all products and services as from January 12, 2025 at 8:00 am UTC, an update published on Jan 10 noted.
Stablecoin developer Usual introduced a major update to its USD0++ protocol on Jan. 9, unveiling dual exit mechanisms aimed at enhancing the token's long-term sustainability.
Kenya's move to legalize crypto assets could boost financial inclusion and innovation, positioning the country as a leader in digital finance. The post Kenya set to legalize crypto, says Finance Minister John Mbadi appeared first on Crypto Briefing.
Despite regulatory restrictions, Asia is emerging as the global epicenter of crypto, capturing 60% of users worldwide. A recent study by Foresight Ventures and Primitive reveals that the Asian continent generates the largest share of global liquidity, with five Asian countries ranking in the top 10 of the global crypto adoption index in 2024.
Plural Energy is already tokenizing renewable energy projects; it wants these assets to permeate through the crypto ecosystem.
Such a subcommittee already exists in the larger House of Representatives, which is also undergoing a leadership change.
The crypto market faces challenges as SEC Chair Gary Gensler plans to step down on January 20, 2025. Bitcoin struggles to maintain momentum, trading below $100,000.
The Senate Finance Committee has reportedly locked in January 16 as the big day for Scott Bessent, President-elect Donald Trump's pick for Treasury Secretary. So now Scott, a hedge fund mogul and crypto lover, is preparing for what promises to be a closely watched confirmation hearing.
Crypto-related hacks and scams surged in 2024, with over $3 billion stolen despite a decline in the number of incidents.
Indian users will be unable to open new trades or access products on the platform from Jan. 12, though withdrawals are not affected.
Philippine banks are working together to launch PHPX, a peso-backed stablecoin on the Hedera network.
Cryptocurrency exchanges have argued that pension funds should be allowed to invest in crypto assets, enabling South Africans to benefit from the substantial growth in cryptocurrency value. South African Treasury Urged to Formulate Progress-Promoting Policies South African crypto exchanges have called on authorities to remove a prohibition barring pension funds from investing in crypto assets.
Markets across various asset classes are bracing for the release of December's US jobs report, an economic indicator that could affect markets on all fronts: equities, bonds, and cryptocurrencies. Expectations are mixed, with investors anxiously eyeing the data to gauge the Federal Reserve's next moves.
Banking giant Standard Chartered is launching crypto services in Europe after obtaining a digital asset license in Luxembourg under the MiCA regulatory framework.
Sharing stories of women in web3 space can inspire those young female professionals considering a career in the decentralized technology field.
Rumor has it that the US Senate Banking Committee (SBC) plans to create a crypto-specific subcommittee under Trump's proactive administration. FOX Business reports the initiative comes from the SBC's new chair, Republican Senator Tim Scott, and is a ‘top priority.
In a latest development, Bybit exchange will temporarily halt operations in India starting January 12, 2025, at 8 AM UTC. Bybit, noted that their primary objective has always been to operate in full compliance with all applicable rules and regulations.
Bybit will continue honoring user withdrawal requests despite temporarily halting other services.
Multiple CEOs in the sector have been rooting to be members of the Crypto Advisory Council formed by the Trump administration. The past week saw leading members from Ripple and Coinbase meet with Donald Trump.
TL;DR Vitalik Buterin warned about the risks of uncontrolled AI that could generate autonomous and self-replicating entities, threatening humanity. He proposed that AI should complement human intelligence, enhancing collective capabilities without replacing people. Buterin introduced “Decentralized and Democratic Defense” (d/Acc) as an approach to mitigate AI risks through decentralized tools.
SAFE, the native token of Safe Wallet, surged 20% as Bithumb listed the token on its platform. Safe (SAFE) rose to $1.10 on Jan. 10, marking a 20% surge from its monthly low of $0.
TL;DR The index dropped to 50 points, its lowest level since October 2024, after months of strong optimism. Bitcoin's price fell below $92,000 following news of potential massive cryptocurrency sales. Factors such as the U.S. Federal Reserve's monetary policy, a strengthening dollar, and high interest rates are negatively affecting the market.
Crypto industry experts doubt Trump's commitment to keep all his promises: "It is clear that the Republican Party has relied on a pro-crypto political position to gather votes from citizens holding crypto assets."
Cube Entertainment's co-CEO, Kang Seung-gon, faces accusations of misleading investors about the safety of their investments in the Nestree cryptocurrency, prompting potential legal action from affected individuals. The post Cube Entertainment CEO Accused of Misleading Investors on Crypto Guarantees appeared first on Cryptonews.
The Commodity Futures Trading Commission (CFTC) reportedly issued a subpoena to American crypto exchange Coinbase as part of an ongoing probe of the decentralized prediction market platform Polymarket.
TL;DR The U.S. Senate will create a pro-crypto subcommittee, led by Cynthia Lummis, to establish a clear regulatory framework for the sector. Senator Lummis, a Bitcoin advocate, aims to boost the sector through regulations that favor innovation and consumer protection.
Circle, the institution behind the issuance of USDC, the second-largest stablecoin in the cryptocurrency market, has donated $1 million to the inaugural fund of President Trump. Circle joins other tech giants like Microsoft and Google, which have also recently announced donations.
This program is designed in such a way that it will create a structured pathway for aspiring and intermediate content creators to up their skills.
The Senate Banking Committee, led by Senator Tim Scott, is creating its first crypto-focused subcommittee. Pro-crypto Senator Cynthia Lummis is tentatively set to lead, pending a formal committee vote.
Despite once denouncing digital assets, the former and future president Donald Trump is becoming increasingly associated with cryptocurrencies.
Ethereum cofounder Vitalik Buterin has cautioned against calling certain blockchain use cases attacks. He emphasized how such measures might open the door for censorship in blockchain networks compromising the openness and defiance of authority that are the foundation of these networks.
A blockchain security solution by Cyvers could prevent 99% of crypto hacks and scams, addressing vulnerabilities like phishing and CEX exploits that cost $2.3 billion in 2024.
With Bitcoin and the overall crypto market facing a major correction, investors question whether this is the end of the altcoins bull market. However, popular analyst Michael van de Poppe believes that the bull market is very much intact and the current phase is just the final shakeout before a mega rally ahead.