Cryptocurrency News

5 February

China Strikes Back: Finance Ministry Imposes Tariffs in Response to U.S. Trade Measures

In a fresh escalation of trade tensions, China’s Finance Ministry has announced a new set of retaliatory tariffs against the United States in response to recent U.S. trade measures. The move underscores the deepening economic standoff between the world’s two largest economies, with both nations imposing tit-for-tat trade restrictions that could impact global markets. China’s Retaliatory Tariffs: What’s Changing? The …

5 February

U.S. DOJ Charges Canadian National in Multi-Million Dollar Crypto Fraud Scheme

In a significant move against cryptocurrency fraud, the U.S. Department of Justice (DOJ) has charged a Canadian national in connection with a multi-million dollar crypto fraud scheme. The individual, identified as [Name Redacted], allegedly orchestrated a complex scheme that defrauded investors of millions of dollars through the sale of fraudulent cryptocurrency investments and fake digital assets. What Happened? The DOJ’s …

5 February

Trump’s Tariffs Trigger Crypto Sell-Off, Ether Drops 26%

In a stunning market reaction, Ether (ETH) has seen a dramatic 26% drop following the announcement of new tariffs by former U.S. President Donald Trump. The decision to impose economic sanctions has created turbulence in both traditional markets and the cryptocurrency space, leading to widespread panic selling, particularly among altcoins like Ether, which is the second-largest cryptocurrency by market capitalization. …

5 February

Coinbase Urges U.S. Regulators to Greenlight Bank Crypto Services

In a bold move to foster greater mainstream adoption of cryptocurrencies, Coinbase, one of the leading U.S.-based cryptocurrency exchanges, has called on U.S. regulators to allow banks to offer crypto-related services. The company believes that such a move would not only help legitimize digital assets but also provide a safer and more secure pathway for traditional investors to access the …

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 …