Business Sandesh Indian Newspaper | Articles | Opinion Pieces | Research Studies | Findings & News | Sandesh News
Ross Ulbricht, the imprisoned founder of Silk Road, is advocating for clemency for Roger Ver, the early Bitcoin investor known as “Bitcoin Jesus.” Ver, who was recently detained in Spain over tax evasion charges, now faces extradition to the United States. Ulbricht’s public support adds a new twist to the high-profile case, drawing attention to issues of financial freedom and …
Cryptocurrency News
February, 2025
-
21 February
Franklin Templeton Launches ‘EZPZ’ ETF, Blending Bitcoin & Ethereum for Easy Crypto Exposure
Global asset management giant Franklin Templeton is making waves in the crypto space with the launch of its latest exchange-traded fund (ETF), ‘EZPZ’, designed to provide balanced exposure to Bitcoin (BTC) and Ethereum (ETH). The move underscores the growing institutional interest in digital assets and offers investors a simplified way to gain diversified crypto exposure. What Is the ‘EZPZ’ ETF? …
-
21 February
South Korea’s Tax Agency Probes Upbit and Altcoin Issuers in Crackdown
South Korea’s National Tax Service (NTS) has launched an investigation into Upbit, the country’s largest cryptocurrency exchange, along with several small-cap altcoin issuers. The probe is reportedly focused on tax compliance, potential illicit activities, and market manipulation concerns. This marks yet another regulatory push as South Korea tightens its oversight of the crypto industry. Why Is Upbit Under Investigation? According …
-
21 February
Canary’s Spot Litecoin ETF Hits DTCC List as SEC Decision Looms
In a major step toward potential approval, Canary’s Spot Litecoin ETF has been added to the Depository Trust & Clearing Corporation (DTCC) list, signaling growing anticipation for regulatory clearance from the U.S. Securities and Exchange Commission (SEC). The move suggests that market infrastructure is being prepared for the ETF’s possible launch, fueling speculation about broader institutional adoption of Litecoin (LTC). …
-
21 February
Litecoin Transactions Skyrocket to $9.6B Daily Amid U.S. ETF Buzz
Litecoin (LTC) is making headlines as daily transaction volumes surge to a staggering $9.6 billion, fueled by growing anticipation surrounding a potential U.S. ETF listing. On-chain data from Santiment reveals a sharp rise in LTC activity, sparking renewed interest from investors and traders alike. Litecoin’s Explosive Growth in Transactions Recent data highlights a remarkable increase in Litecoin’s transaction volume, marking …
-
20 February
Libra Meme Coin Wipeout: 86% of Traders Sell at a Loss, Losing $251M – Nansen
The hype around the Libra meme coin has turned into a financial nightmare for most investors, as new data from blockchain analytics firm Nansen reveals that over 86% of traders sold at a loss, resulting in $251 million in total realized losses. The staggering numbers highlight the risks of speculative meme coin trading, where rapid price swings often leave retail …
-
20 February
Montana Moves Forward: Bill to Approve Bitcoin as Reserve Asset Advances
Montana is taking a bold step toward Bitcoin adoption as the House Business and Labor Committee advances a bill that would allow the state to hold Bitcoin as a reserve asset. This move aligns with a growing trend of U.S. states exploring cryptocurrency-friendly policies to attract investment and embrace financial innovation. Bitcoin as a Reserve Asset: What the Bill Proposes …
-
20 February
Crypto Fights Back: Industry Rallies Against IRS DeFi Reporting Rule
The crypto industry is pushing back against the U.S. Internal Revenue Service’s (IRS) proposed DeFi broker reporting requirements, arguing that the new rules could stifle innovation, threaten user privacy, and impose unrealistic compliance burdens. As regulators seek to tighten oversight of decentralized finance (DeFi), industry leaders are mobilizing to challenge what they view as overreach. The IRS Proposal: A Game …
-
20 February
Stablecoins Set to Soar: S&P Predicts Surge with Clear Regulations
The stablecoin market could be on the brink of significant growth as global regulatory clarity improves, according to a recent report from S&P Global Ratings. The financial analytics giant suggests that well-defined regulations will drive broader adoption of stablecoins, enhancing their role in mainstream finance. Regulation: The Missing Piece in Stablecoin Expansion Stablecoins—cryptocurrencies pegged to traditional assets like the U.S. …
-
20 February
Bitcoin Faces Correction? Weak Demand & Liquidity Signal Trouble – CryptoQuant
Bitcoin’s recent price action suggests that a correction may be imminent, as on-chain data from CryptoQuant points to weak demand and declining liquidity. Despite the asset’s strong performance in previous months, indicators now show signs of market exhaustion, raising concerns among traders and investors. Key Warning Signs from CryptoQuant Declining Demand – On-chain data reveals a drop in buying pressure, …