Singapore-based cryptocurrency exchange, Crypto.com, has announced that it has been granted a Virtual Asset Service Provider (VASP) registration from the Bank of Spain. This will allow the exchange to offer its products and services to users in Spain. The company underwent a comprehensive review of its compliance with Anti-Money Laundering Directive (AMLD) and other financial
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Tennessee-based asset manager, Valkyrie Funds, has filed for approval of a Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Valkyrie Investments, which already has a Bitcoin futures ETF product listed on Nasdaq, filed the application for a spot Bitcoin ETF recently. It joins a growing list of companies seeking approval for
Bitcoin’s price action has often been compared to that of other assets, particularly gold and tech stocks. The narrative of “Bitcoin trades in tandem with tech stocks” was prevalent in 2022 and early 2023 when a correlation existed between the two. However, since that correlation has broken down, there hasn’t been much news coverage. Now,
Bitcoin (BTC) has seen a rally of 24.3% between June 15 and June 23, bringing its trading value above $31,000. This unexpected surge caught many off guard, leading to $165 million in short futures contract liquidations for bears. However, investors using Bitcoin derivatives also felt some discomfort from the sudden rally. The biggest question mark
A report by the Bank for International Settlements (BIS) has proposed a unified electronic ledger that combines central bank digital currencies (CBDCs) and other tokenized assets, which has the potential to enhance the global financial system. It would leverage automated smart contracts on blockchains like Ethereum to facilitate seamless transactions. The report highlights the current
ArbDoge AI, represented by the AIDOGE token, has recently experienced a notable price surge of 5%. After hitting a low point at 0.000000000128, AIDOGE managed to find support and has since embarked on a recovery, reaching the 0.000000000154 level. Technical Analysis of AIDOGE/USDT Pair On the technical front, the AIDOGE/USDT pair is exhibiting a slightly
According to Martin El-Khouri, a senior director at venture capital firm Bertelsmann Investments, Web3 investments are being touted as the perfect hedge against disruption in the tech industry. Despite the regulatory challenges and market downturn, investors are continuing to back new ventures in the Web3 space, with decentralized finance (DeFi) startups seeing a surge in
Pepecoin, a frog-themed token on Ethereum, rose to prominence in May 2023, leading the memecoin hype on Ethereum. While many copycats of dog-themed tokens, such as Shiba Inu and Floki, have challenged Dogecoin’s position over the years but eventually faded, Pepecoin could be the newest contender to Dogecoin in the memecoin sector. Pepecoin’s Performance Compared
CACEIS Bank, the asset servicing arm of Crédit Agricole and Santander, has obtained a crypto custody license from France’s Financial Markets Authority (AMF). With the new license, CACEIS Bank is now authorized to provide digital asset custody services. The AMF conducts various checks on companies before granting licenses, including checks on the competence of managers
The XRP market is currently buzzing with anticipation as a former SEC director recently hinted that a decision regarding the XRP lawsuit may be imminent. Marc Fagel shared his perspective on the ongoing Ripple lawsuit and its potential impact on the price of XRP. Fagel speculates that a ruling in the lawsuit is likely to