In a significant move that has captured the attention of the cryptocurrency community, Tether, the issuer of the USDT stablecoin, has enhanced its Bitcoin portfolio by acquiring an impressive 7,629 BTC, translating to an estimated value of $705 million. This strategic purchase, unveiled through on-chain analytical insights provided by Arkham Intelligence, has increased Tether’s total
Strategy
Recently, MoonPay, a prominent player in the cryptocurrency payment solutions arena, announced a significant milestone—receiving authorization under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This approval, conferred by the Netherlands’ Authority for the Financial Markets (AFM), empowers MoonPay to operate across the entire European Economic Area (EEA). The implications of this approval are profound,
The idea of establishing a U.S. Bitcoin Strategic Reserve has gained traction since President-elect Donald Trump raised the concept during his campaign. Proponents argue that a reserve would position the United States as a leader in the burgeoning cryptocurrency sector. However, skepticism lingers within the crypto community, especially among established figures like Ki Young Ju,
In a significant move to bolster regulatory oversight, Japan’s Financial Services Authority (FSA) is on a mission to enhance internal audit processes across financial institutions, specifically targeting cryptocurrency exchanges. The emphasis on refining audit mechanisms stems from a broader initiative to close existing gaps within the industry while ensuring adherence to global regulatory standards. In
Starting January 2025, Bitget Wallet is set to revolutionize how cryptocurrency users handle gas fees through its newly announced GetGas feature, which prioritizes the use of its native BGB token. This initiative aims to simplify transactions across multiple blockchain platforms including Ethereum, Solana, BNB Chain, Polygon, Base, Arbitrum, Optimism, TON, and Tron. By allowing users
In recent weeks, Bitcoin, the flagship cryptocurrency, has faced a tumultuous market environment characterized by significant price declines. After reaching an all-time high of over $104,000, Bitcoin’s value has plummeted, raising concerns among investors and analysts about its future trajectory. The rapid downturn has stirred a variety of opinions about the potential for recovery, with
As of December 21, 2024, Bitcoin’s price has reached approximately $98,600, marking a notable 3.4% increase since its last trading close. This uptick, however, occurs amidst a backdrop of significant volatility experienced over the preceding week. Bitcoin has recently been trading below its established support levels, often dipping beneath the psychologically important $100,000 mark. This
In a significant move for the burgeoning cryptocurrency landscape, Hong Kong’s Securities and Futures Commission (SFC) has recently licensed four new virtual asset trading platforms (VATPs). This decision, announced on December 18, is part of Hong Kong’s progressive strategy towards a concrete regulatory framework for digital assets. The newly licensed platforms—Accumulus GBA Technology Ltd., DFX
As Bitcoin continues to evolve in the financial landscape, its future captivates both retail and institutional investors. Insights shared in a recent interview by Matt Hougan, Chief Investment Officer of Bitwise Asset Management, underscore an optimistic forecast for Bitcoin, projecting its price could exceed $200,000 by the end of 2025. This article delves into the
In the ever-evolving landscape of cryptocurrency, regulatory measures and corporate governance are paramount issues facing exchanges and their listed assets. This is exemplified by the recent legal skirmish between Coinbase, a leading cryptocurrency exchange, and BiT Global regarding the delisting of wrapped Bitcoin (WBTC). At the heart of this dispute lies the question of platform