Bitpanda, an Austrian-based platform offering crypto and securities brokerage services along with custody solutions, has unveiled its intention to extend its operations to the Middle East with the launch of Bitpanda MENA. The platform is currently in the process of seeking a license from Dubai’s virtual asset regulatory authority to establish its presence in the … Read more
Ethena has recently revealed a strategic partnership with the crypto exchange Bybit, aiming to incorporate USDe as a collateral asset for trading perpetual futures across all assets within Bybit’s UTA. This integration holds the promise of offering users the opportunity to generate yield and enhance their capital efficiency. Furthermore, the collaboration will introduce bitcoin and … Read more
Exodus Movement, the developer of a cryptocurrency wallet, has been granted approval to list its common stock on the New York Stock Exchange (NYSE) under the ticker symbol EXOD. The company disclosed on Monday that trading for its stock will commence on May 9, marking a significant milestone for Exodus Movement. JP Richardson, CEO and … Read more
Nigeria is gearing up to implement new regulations aimed at prohibiting peer-to-peer (P2P) cryptocurrency exchange involving the national currency, the Nigerian naira. The Securities and Exchange Commission (SEC) of Nigeria is on the verge of introducing a fresh regulatory framework for crypto exchanges, custodians, and other entities within the industry, as reported by Bloomberg on … Read more
Binance, the leading cryptocurrency exchange globally, made an announcement today regarding the addition of new altcoin trading pairs. EGLD, PHB, and RSR are now available for trading against the Turkish Lira (TRY) on Binance. In their statement addressed to Binance members, the exchange mentioned: “In our ongoing efforts to enhance trading options and user experience … Read more
One crypto analyst suggests that Dogecoin has potentially embarked on a sustained bullish rally, poised to propel its price higher. This follows a period where its price dipped below $0.13, only to swiftly rebound above $0.16. What factors are fueling this current upsurge? Dogecoin Is Set for a Prolonged Uptrend Crypto analyst Behdark, on the … Read more
Recent on-chain data indicates that the trend of Bitcoin exchange inflow has reached its lowest point in almost a decade, a potentially bullish sign for the asset. Inflows into Bitcoin Exchanges Have Been Declining Lately As highlighted by CryptoQuant author Axel Adler Jr in a post on X, there has been a sustained decline in … Read more
According to recent findings by Visa and data platform Allium Labs, less than 10% of stablecoin transaction volumes are deemed organic or originating from genuine individuals. Out of approximately $2.2 trillion in total transactions recorded in April, only around $149 billion were attributed to “organic payments activity” after filtering out transactions conducted by bots and … Read more
Richard Byworth, Managing Partner at SyzCapital, has sparked speculation regarding the accessibility of Bitcoin ETFs listed in Hong Kong to investors from mainland China. Byworth’s comments on X, formerly known as Twitter, shed light on ongoing discussions about integrating these ETFs into the Stock Connect system, potentially enabling significant capital inflow from mainland China into … Read more
The review time for the introduction of the Bitcoin spot ETF (exchange-traded fund) by cryptocurrency asset management business 7RCC has been extended by the US Securities and Exchange Commission (SEC). SEC Extension of 7RCC’s Bitcoin Spot ETF Deadline The SEC stated in a notice sent on Thursday, May 2, 2024, that it will now determine … Read more