In recent times, Bitcoin has witnessed significant volatility, with its price teetering around critical psychological levels. As the year draws to a close, the cryptocurrency community is abuzz with speculation around whether Bitcoin can touch the illustrious mark of $100,000. Analysts are divided; some maintain a cautious approach while others, like crypto expert Ash Crypto,
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On October 7, 2023, the cryptocurrency landscape experienced a significant upheaval as Bitget’s native token, BGB, fell dramatically. The token, initially valued at $1.15, dropped to a low of $0.5344 in a shocking display of volatility that unfolded in a mere ten minutes. This abrupt decline caught traders off guard, instigating immediate concerns about the
The Hong Kong Virtual Asset Exchange (HKVAX) has recently celebrated a significant achievement by obtaining crucial licensing from the Securities and Futures Commission (SFC) of Hong Kong. This accomplishment marks a pivotal moment in the evolution of the virtual asset trading sector in the region, positioning HKVAX as the third licensed cryptocurrency exchange and the
In a recent move that has sent ripples through the cryptocurrency community, Gemini, a prominent crypto exchange, has declared plans to terminate its operations in Canada by the close of 2024. Customers received an email notification on September 30, announcing that the exchange would wind down all Canadian accounts effective December 31, 2024, with limited
In an era where cryptocurrency and digital assets are rapidly gaining traction, businesses are finding themselves navigating a labyrinth of regulatory requirements that can be daunting. Recognizing this challenge, Circle has introduced its Compliance Engine — a pioneering tool that aims to simplify regulatory compliance for organizations operating within the digital asset ecosystem. The Compliance
As cryptocurrencies gain traction globally, the need for reliable exchange platforms becomes imperative. With countless exchange options available, the decision on where to buy and sell cryptocurrencies can be daunting. The crypto market is vast and dynamic, and each platform offers its unique set of features and services. Therefore, selecting the appropriate exchange could markedly
The financial landscape is ever-evolving, and BNY Mellon is poised to make a significant mark within the realms of cryptocurrency. Recent developments have spotlighted the bank’s ambitions as it prepares to step into the crypto custody arena, particularly focusing on Bitcoin and Ethereum exchange-traded funds (ETFs). Following an important exemption from the Securities and Exchange
In a significant move to combat cybercrime, German authorities have shut down 47 cryptocurrency exchanges accused of facilitating illegal activities. This operation was carried out by the Central Office for Combating Internet Crime (ZIT) and the Federal Criminal Police Office (BKA), drawing attention to the persistent issue of money laundering in the cryptocurrency sector. These
In a groundbreaking move for public service, Louisiana has announced the option for residents to pay state agencies using Bitcoin and Circle’s stablecoin, USDC. As of September 18, the Louisiana Department of Wildlife and Fisheries has taken the vanguard role by becoming the first agency to implement this digital payment solution. This initiative is not
In a significant move for the cryptocurrency trading landscape, eToro recently announced that it will cease trading most digital assets on its platform, following a $1.5 million settlement with the US Securities and Exchange Commission (SEC). This decision stems from an investigation that revealed eToro had allowed US customers to trade crypto assets considered securities