This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more. Social media platform X is set to incorporate a wide range of financial services into its ecosystem. Christopher Stanley, X’s head of payments, compared the future functionality of the platform to the combination of…
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Republic First Bank’s 32 branches across the United States will reopen under Fulton Bank starting next week, according to the FDIC. United States regulators have closed Philadelphia-based Republic First Bank, marking the nation’s first banking failure of 2024. It has sparked debate among the crypto community amid Bitcoin , Ether ETH, and several altcoins slightly…
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The recent Anti-Money Laundering legislation imposes certain limits for cash transactions and anonymous cryptocurrency payments. A majority of the European Parliament’s lead committees have approved a ban on cryptocurrency transactions of any value made through hosted crypto wallets. This comes amid the European Council and parliament provisionally agreeing to expand parts of the European Union’s Anti-Money Laundering…
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In 2008, at the height of the global financial crisis, an anonymous figure named Satoshi Nakamoto proposed Bitcoin, a groundbreaking electronic cash system. Welcome to the History of Crypto, a Cointelegraph series that brings readers back in time to the most significant events in the crypto space. Powered by Phemex, the timeline allows crypto community…
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Crypto market depth has almost fully recovered and is back to its pre-FTX average reports crypto research firm Kaiko. A major decrease in market liquidity that persisted after the shutdown of FTX and Alameda Research in November 2022 has now recovered to pre-collapse levels, according to crypto research firm Kaiko. In a March 18 research…
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Key Points: The Crypto Fear and Greed Index hits 79, indicating extreme greed akin to the 2021 peak. Bitcoin has doubled in value over the past year, despite intermittent dips. The Crypto Fear and Greed Index, a gauge of market sentiment for cryptocurrencies like Bitcoin, has surged to 79 out of 100, marking a phase…
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The gains mark a “stark contrast” to the crypto winter of 2022, which saw investors nursing over $7,000 of realized losses on average. Crypto investors made nearly $900 in net gains on average from selling crypto in 2023, a “stark contrast” from 2022, which saw billions wiped from investors amid several crypto firms’ collapses, according…
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According to the U.S. SEC, Brian Sewell allegedly never launched the crypto hedge fund that promised to use AI and other strategies for maximizing returns. A crypto exchanging course teacher is having to deal with penalties from the US protections controller for misdirecting 15 understudies into putting a consolidated $1.2 million in a mutual funds…
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EU-based crypto firms are now subject to guidance from the banking watchdog in its “fight against financial crime.” The European Association’s Enemy of Tax evasion (AML) and Counter-Fear monger Supporting (CTF) rules have been stretched out to European crypto organizations following a choice from the district’s financial guard dog. According to a statement made on…
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Set out on a completely exhilarating excursion into the crypto domain as we investigate the seismic shift unfurling on the lookout. Dealers are leaving the once-powerful Binance Coin (BNB), looking for shelter in another vibe that guarantees strength and advancement. Go along with us as we uncover the dazzling direction of a rising star in…
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