Business

3 February

Trump Tariffs Spark Crypto Sell-Off as Ether Dips Over 26%

The latest round of trade tariffs introduced by former President Donald Trump has triggered a sharp sell-off in the cryptocurrency market, with Ethereum (ETH) taking a particularly heavy hit, dropping over 26% in recent days. Investors are reacting to the renewed economic uncertainty, and many have begun pulling out of riskier assets, including digital currencies. The Ripple Effect of Trump’s …

3 February

Japan’s Finance Minister: Tokyo to Review Crypto Tax System by June

In a move that could reshape Japan’s approach to cryptocurrency regulation, Japan’s Finance Minister has announced that Tokyo will review the country’s crypto tax system by June. This review aims to modernize the existing framework and address the growing concerns of the crypto community, investors, and businesses operating in the digital asset space. Why the Review is Necessary Japan has …

3 February

MicroStrategy Boosts Preferred Stock Offering from $250M to $584M

In a strategic move to raise capital, MicroStrategy, the world’s largest corporate holder of Bitcoin, has increased its preferred stock offering from $250 million to $584 million. The company aims to leverage the additional funds to further enhance its Bitcoin holdings and invest in its business operations, signaling confidence in its long-term growth strategy and the future of digital assets. …

3 February

Stablecoin Surge to Fuel Next Crypto Rally as Market Cap Reaches $200B: CryptoQuant

The stablecoin market has officially crossed the $200 billion mark, signaling the potential for a new phase of growth in the cryptocurrency ecosystem. According to market analysis by CryptoQuant, the rapid expansion of stablecoins is poised to play a pivotal role in driving the next major rally in digital assets, as institutional adoption and broader market confidence continue to build. …

3 February

Thailand’s SEC Unveils Blockchain-Powered Trading Platform for Digital Tokens

Thailand’s Securities and Exchange Commission (SEC) is set to launch a blockchain-based trading platform for digital tokens, marking a significant step toward modernizing the country’s financial markets. The move is aimed at enhancing transparency, efficiency, and accessibility in digital asset trading while ensuring regulatory compliance. A Leap Forward for Thailand’s Digital Economy As Thailand continues to embrace blockchain technology, the …

3 February

US Spot Bitcoin ETFs Soar with $5B Inflows in January, Eyeing $50B in 2024: Bitwise CIO

The surge in demand for spot Bitcoin exchange-traded funds (ETFs) in the U.S. has set the stage for a record-breaking year, with $5 billion in inflows recorded in January alone. According to Matt Hougan, Chief Investment Officer at Bitwise, the momentum could push total inflows past $50 billion by the end of 2024, solidifying Bitcoin’s position as a mainstream investment …

3 February

Coinbase Acquires Spindl to Supercharge Onchain Ads & Grow Base Ecosystem

In a strategic move to enhance its blockchain advertising capabilities, Coinbase has acquired Spindl, a rising player in onchain marketing and attribution. The acquisition is expected to strengthen Coinbase’s Base ecosystem, enabling more efficient, data-driven advertising solutions for decentralized applications (dApps) and Web3 businesses. Why Coinbase Acquired Spindl As Web3 adoption grows, traditional advertising models struggle to keep up with …

3 February

India Reconsiders Crypto Policy as Global Adoption Shifts: Report

As global cryptocurrency adoption accelerates, India is reportedly reevaluating its stance on digital assets, with officials considering policy adjustments to align with the changing global landscape. The move comes amid increasing institutional interest in crypto markets and calls for clearer regulatory frameworks to foster innovation while ensuring financial security. The Shifting Global Crypto Landscape Globally, cryptocurrencies are gaining widespread acceptance, …

3 February

Purpose Investments to Launch Canada’s First XRP ETF

Purpose Investments is set to make history by launching Canada’s first-ever XRP exchange-traded fund (ETF), offering investors a regulated and accessible way to gain exposure to the popular cryptocurrency. This landmark move comes as demand for crypto investment products continues to rise, particularly in Canada, where the cryptocurrency market is gaining momentum amid increasing institutional interest. A Milestone for Cryptocurrency …

3 February

Moscow Eyes Russian Far East as Next Big Crypto Mining Hub

In a bold move to expand its foothold in the global crypto market, Moscow is setting its sights on transforming the Russian Far East into a major cryptocurrency mining hub. With its vast land, abundant energy resources, and cold climate—ideal for cooling mining rigs—the region is well-positioned to attract large-scale mining operations. Why the Russian Far East? The Russian Far …