Crypto exchange Binance reported on March 18 that the value of its assets under custody had surpassed $100 billion. When compared to the $40 billion that was recorded last year, this accomplishment is substantial. Reasons cited by Binance for the growth include the exchange’s dedication to maintaining a 1:1:1 ratio
March 19, 2024 2 mins read
Earlier this week, the DIFC, a tax-free special economic zone in Dubai announced the approval of its fresh Digital Assets Law. To better serve investors and users of digital assets, as well as to ensure that the DIFC can keep up with the rapid technological change in global trade and
March 16, 2024 1 min read
Investment banking behemoth Vanguard’s chairman of the board and chief executive officer Tim Buckley has reiterated his firm’s intention to stay out of the spot Bitcoin exchange-traded fund market. According to Buckley, his company has been getting a lot of inquiries on the timing of potential spot Bitcoin exchange-traded funds.
March 16, 2024 2 mins read
A number of spot Bitcoin exchange-traded funds (ETFs) that received SEC approval in January have got a major boost thanks to the inclusion of trading support from wealth management company Cetera. The new update, which Cetera announced on Thursday, allows brokerage accounts to invest in spot Bitcoin ETFs. A total
March 15, 2024 1 min read
Elliptic, a blockchain analytics company, disclosed a major Lazarus Group transaction involving $12 million worth of Ether. The cryptocurrency mixer Tornado Cash was used to complete this transaction. This platform was used again by the North Korean hacking group despite restrictions. These funds originate from a November cyberattack on HTX
March 15, 2024 2 mins read
Bitkey, Block’s long-awaited Bitcoin hardware wallet, has been launched by the company run by Jack Dorsey. Bitkey, a cryptocurrency wallet that costs $150, is a giant leap forward in terms of self-custodial cryptocurrency storage. It aspires to provide consumers with a more secure means of storing their Bitcoin, away from
March 14, 2024 2 mins read
President Nayib Bukele of bitcoin-friendly El Salvador has done away with income taxes on foreign investments entering the country. Bukele stated in a post on X: “Congress has reformed our income tax law, for international investments and money transfers, dropping the rate from 30% to 0%,” Since September 2021, when
March 13, 2024 2 mins read
Lawmakers in the European Union (EU) have passed new regulations to severely punish anyone who violates sanctions, including when it comes to cryptocurrency. The European Parliament (MEPs) passed fresh sanctions against travel bans, weapons embargoes, limitations on industries, and the freezing of assets (including cryptocurrency and wallets) on Tuesday. According
March 13, 2024 1 min read
A European digital asset investment business, CoinShares, recently concluded acquiring Valkyrie Funds. As part of the deal, CoinShares now gets the sponsor rights to Valkyrie Funds’ spot Bitcoin ETFs. According to CoinShares’ announcement on March 12, the acquisition includes the firm’s financial advising company, Valkyrie Investments, as well as the
March 12, 2024 2 mins read
The daily number of new addresses on the Solana blockchain has hit a record level as per recent statistics. Based on a seven-day moving average (MA), the daily count of new addresses on the Solana network is presently above 691,000. A rise in the adoption measure indicates real network activity,
March 12, 2024 1 min read
