In a moment of clarity amid the often turbulent waters of cryptocurrency regulation, SEC Chair Gary Gensler affirmed that Bitcoin is not a security, reinforcing its classification as a commodity under U.S. law. His remarks, made in an interview on CNBC’s Squawk Box, highlight a pivotal stance in the ongoing discourse surrounding the digital asset
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In the dynamic arena of financial trading, few figures have made an impact quite like Aayush Jindal. With over 15 years of extensive experience in Forex and cryptocurrency trading, he has established himself as a paragon of technical analysis and market insight. His career trajectory illustrates not only his individual genius but also the evolving
In recent years, the United Arab Emirates (UAE) has emerged as a significant player in the global cryptocurrency landscape. Recent findings from a Chainalysis report revealed that the UAE facilitated over $30 billion in crypto transactions from July 2023 to June 2024, positioning it within the top 40 countries for crypto activity. This unprecedented growth
The Australian financial landscape is undergoing a pivotal transformation as the Australian Securities and Investments Commission (ASIC) gears up to enforce a licensing framework for cryptocurrency service providers. This shift comes in response to escalating concerns about consumer protection amid a surge in fraudulent activities associated with digital assets. On September 23, ASIC Commissioner Alan
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
Binance, a titan in the cryptocurrency exchange arena, has reached a groundbreaking achievement—processing over $100 trillion in trades since its inception in 2017. This remarkable figure was disclosed by CEO Richard Teng in a recent post on the X platform. He characterized this milestone as a testament to Binance’s influential role within the crypto landscape,
In recent years, stablecoins have emerged as a pivotal element of the digital economy, enabling users to transact seamlessly while minimizing inherent volatility associated with cryptocurrencies. However, with their rise has come an urgent need for comprehensive regulatory oversight, as identified by Congresswoman Maxine Waters during a House Financial Services Committee hearing. As the leading
In a decisive move to enhance its position in Europe, Kraken, the well-known crypto exchange, has acquired Coin Meester (BCM), one of the Netherlands’ oldest registered cryptocurrency brokers. The announcement made on September 24 underlines Kraken’s commitment to solidifying its presence in the Dutch market, further buttressing its ambitions across the continent. This acquisition is
Scott Matherson has emerged as a formidable voice in the world of cryptocurrency journalism, particularly known for his contributions at NewsBTC. His unique ability to distill complex market dynamics, technological advancements, and regulatory shifts into digestible insights sets him apart from other writers in the crypto space. Matherson’s seasoned background in banking and investment provides
In a groundbreaking move, the cryptocurrency exchange Bybit has unveiled an Islamic crypto account that caters specifically to Muslim users, as announced in a statement on September 24. This initiative reflects the growing demand for Shariah-compliant financial products in the digital asset realm. With Bybit’s CEO, Ben Zhou, highlighting the launch in a social media