Massive Cash Rush: Crypto Funds Surge With Over $500 Million Inflows Fueled By Bitcoin ETFs

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Crypto investment products have seen a notable surge in investor interest, marking their 4th consecutive week of substantial inflows. According to recent data from CoinShares, these products attracted roughly $598 million in investments over the past week alone. This influx of capital brings the year-to-date inflows to $5.7 billion, indicating a sustained appetite for digital […]

Crypto Exchange, Coinbase Dispels Rumours: No Government Ban On Nigerians

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Coinbase, a prominent crypto exchange headquartered in the United States, has debunked allegations that it was instructed by the Nigerian government to prevent its citizens from using its crypto trading services. The denial came directly from Coinbase’s CEO, Brian Armstrong, who addressed the issue through a post on X. Armstrong clarified that Coinbase’s services are […]

Legal Clash: Texas Crypto Firm Files Lawsuit Against US SEC Over Digital Asset Regulation

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A Texas-based crypto company, Lejilex, along with the Crypto Freedom Alliance of Texas (CFAT), has filed a lawsuit against the US Securities and Exchange Commission (SEC), alleging ‘regulatory overreach’ and seeking ‘clarity on the classification of digital assets.’ The lawsuit, filed in a federal court in Fort Worth, contends that the SEC’s “jurisdiction over the […]

Bitcoin Boom Countdown: Galaxy CEO Casts Bullish Sentiments As Halving Draws Near

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Bitcoin stands on the cusp of a pivotal moment — its much-anticipated halving event slated for April 2024. This event has captured the attention of investors and analysts alike, with Mike Novogratz, a prominent figure in the crypto investment sphere, voicing his optimistic outlook on Bitcoin’s future. Novogratz’s insight is notable, especially considering BTC’s recent […]

Crypto Under Watch: Japan’s FSA Sets Sights On Curbing ‘Unlawful’ Transfers

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In a move aimed at tightening the reins on financial transactions within the crypto space, Japan’s Financial Services Agency (FSA) has issued a directive to financial institutions nationwide. This directive calls for an enhanced monitoring mechanism targeting “unlawful” transfers to digital currency exchange providers, underscoring the regulatory body’s resolve to curb financial crimes leveraging digital […]

Here’s What Drove Bitcoin’s Price To $50,000, According To This Expert

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In the last 24 hours, Bitcoin soared to a 2-year peak, briefly breaking the $50,000 barrier. Although it has since pulled back from this mark, BTC’s momentum remains strong, showcasing a bullish trend with a 3.9% increase over the past day. In a recent CNBC interview, Tom Lee, a key figure in the financial analytics […]

Crypto Cash Flood: $1 Billion Pours Into Digital Assets With Bitcoin ETFs Leading The Charge

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The cryptocurrency investment landscape has recently witnessed a significant uptick in activity, with digital asset investment products recording inflows of roughly $1.1 billion, according to a recent blog post shared by Coinshares, a leading digital asset investment firm. This surge has propelled the year-to-date inflows to roughly $2.7 billion, as reported by the firm. Additionally, […]

Bitcoin Spot ETF: These 9 New Participants Have Accumulated Over 200,000 BTC In Under 30 Days

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In less than 30 days since their debut, new entrants of spot Bitcoin exchange-traded funds (ETFs), which include BlackRock (IBIT), Fidelity (FBTC), Ark 21Shares (ARKB), Invesco (BTCO), Bitwise (BITB), Valkyrie (BRRR), Franklin Templeton (EZBC), WisdomTree (BTCW), and VanEck (HODL) have collectively racked up over 200,000 BTC in assets under management, not counting Grayscale’s converted fund. […]

Crypto Market Resurgence: New Data Shows Average Investors Earned Over $800 In 2023

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The crypto investments landscape witnessed a notable shift in 2023, as revealed by a study from CoinLedger, a prominent crypto tax software platform. Compared to the tumultuous market conditions in 2022, the average crypto investor 2023 experienced a modest yet significant upturn in their financial outcomes. The study indicates that the typical investor realized less […]

Regulatory Storm Brewing: OKX Faces Probe In South Korea Over Alleged Crypto Violations

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OKX, a major player in the global crypto trading market, is currently facing scrutiny in South Korea. The Digital Asset Exchange Alliance (DAXA), which includes South Korea’s leading 5 crypto exchanges – Upbit, Bithumb, Korbit, Coinone, and Gopax, has formally complained to OKX with local regulatory bodies. The complaint alleges that OKX has engaged in […]

Regulatory Showdown In Hong Kong: Crypto Exchanges On Edge As Licensing Deadline Nears

Bitcoin Spot ETF, Crypto, crypto exchanges, Crypto regulation, ETF, HashKey, hong kong, OSL, OSL Exchange, Spot ETF

Hong Kong’s Securities and Futures Commission (SFC) issued a directive to all crypto trading platforms operating within its jurisdiction earlier today. The directive mandates these platforms to submit a license application by February 29 or face a shutdown by May 31. This announcement is part of Hong Kong’s ongoing efforts to establish a regulated regional […]

Hong Kong Is Set To Introduce A New Regulatory Framework Targeting Over-The-Counter (OTC) Crypto Trading Platforms. This Initiative, Announced By The Region’s Financial Services And The Treasury Bureau (FSTB), Underscores Hong Kong’s Commitment To Ensuring A “transparent” Digital Asset Marketplace.

Bitcoin, bitcoin ETF, Bitcoin Spot ETF, Crypto, Crypto News, Crypto OTC, HK, hong kong, Hong Kong crypto

Hong Kong is set to introduce a new regulatory framework targeting over-the-counter (OTC) crypto trading platforms. This initiative, announced by the region’s Financial Services and the Treasury Bureau (FSTB), underscores Hong Kong’s commitment to ensuring a “transparent” digital asset marketplace. The local government’s impending publication of this regulatory consultation represents a critical step in addressing […]