Cryptocurrency News

7 February

Deribit Pulls Out of Russia Amid EU Sanctions: Report

Deribit, one of the world’s leading crypto derivatives exchanges, has announced its decision to exit the Russian market, citing European Union (EU) sanctions as the primary reason. The move aligns with ongoing global efforts to restrict Russian access to financial services amid geopolitical tensions. Why Is Deribit Leaving Russia? Deribit’s decision follows the EU’s tightening of sanctions on Russia, which …

7 February

Gemini Eyes Stock Market Debut: Winklevoss Twins’ Crypto Exchange Plans IPO

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is reportedly exploring a potential initial public offering (IPO) as it seeks to expand its market presence and attract institutional investors. If successful, Gemini would join the ranks of publicly traded crypto firms like Coinbase, marking a significant milestone for the exchange and the broader digital asset industry. Why an …

7 February

BitRiver Predicts Bitcoin to Soar to $160K by Year-End

Russia-based cryptocurrency mining firm BitRiver has made a bold prediction, forecasting that Bitcoin (BTC) could reach $160,000 before the end of the year. The projection comes amid growing institutional adoption, Bitcoin ETF approvals, and the upcoming Bitcoin halving event in April 2024. Why $160K? BitRiver’s Rationale BitRiver’s forecast is based on several key factors that could drive Bitcoin’s price higher: …

7 February

Bybit, Bitget, MEXC, KuCoin Apps Disappear from Japan’s App Store

Several major cryptocurrency exchange apps, including Bybit, Bitget, MEXC, and KuCoin, have reportedly been removed from Japan’s Apple App Store, raising questions about regulatory compliance and enforcement actions in the country. Regulatory Pressure on Offshore Exchanges Japan has one of the most stringent regulatory frameworks for cryptocurrency exchanges, requiring all platforms operating in the country to register with the Financial …

7 February

Tornado Cash Developer Alexey Pertsev Released Under Supervision

Alexey Pertsev, the developer behind the controversial crypto mixer Tornado Cash, has been granted supervised release after spending months in custody. His arrest in August 2022 sparked debate within the cryptocurrency community about privacy, financial freedom, and regulatory overreach. Background on the Case Pertsev was detained by Dutch authorities on allegations of facilitating money laundering through Tornado Cash, a decentralized …

7 February

Franklin Templeton Seeks SEC Approval for New Crypto Index ETF

Global asset management giant Franklin Templeton is making another push into the cryptocurrency space, filing for regulatory approval of a new Crypto Index Exchange-Traded Fund (ETF). The move underscores the growing interest from traditional financial institutions in providing investors with exposure to digital assets through regulated investment vehicles. Expanding Crypto Offerings Franklin Templeton has been actively exploring blockchain and crypto …

7 February

Utah Moves Closer to Becoming First U.S. State with Bitcoin Reserve

Utah is on the verge of making history as the first U.S. state to hold Bitcoin in its treasury. A new legislative push is gaining momentum, signaling a shift in how governments perceive and adopt digital assets as part of their financial strategies. A Bold Move Toward Bitcoin Adoption State lawmakers are advancing proposals that would allow Utah to allocate …

7 February

House Republicans Unveil Draft for U.S. Stablecoin Regulations

House Republicans have introduced a discussion draft aimed at establishing a regulatory framework for stablecoins in the United States. The proposal seeks to bring clarity to the rapidly growing sector of digital assets while addressing concerns over financial stability, consumer protection, and innovation. Key Provisions of the Draft The draft outlines regulatory guidelines for issuers of stablecoins, including capital requirements, …

7 February

Solana’s DeFi & NFT Boom Fuels 213% Revenue Surge in Q4 2024 – Messari

Solana (SOL) saw an explosive 213% revenue growth in Q4 2024, driven by a surge in decentralized finance (DeFi) activity, non-fungible token (NFT) transactions, and growing institutional adoption, according to a new report from Messari. The blockchain’s continued expansion underscores its resilience and increasing dominance in the crypto ecosystem. Key Drivers of Growth DeFi Expansion – Solana’s decentralized finance sector …

7 February

Trump Media Expands: Files for ETFs and SMAs

Trump Media & Technology Group (TMTG), the company behind the conservative social media platform Truth Social, is making moves to expand its financial footprint. Recent filings reveal that TMTG is seeking approval for Exchange-Traded Funds (ETFs) and Separately Managed Accounts (SMAs), signaling a potential foray into the investment sector. What This Means for Investors By filing for ETFs and SMAs, …