The United Kingdom’s Treasury has enacted a change in its regulation of cryptocurrency. It has announced the amendment to the Financial Services and Markets Act 2000 (FSMA) to exclude crypto staking from being classified as part of collective investment schemes (CIS). This rule will become effective on January 31, 2025.
January 10, 2025 2 mins read
While the crypto market is stumbling to regain momentum from the bear trap, the altcoin, SUI, has recorded a notable gain of over 10.48%. With a constant uptrend in its trading pattern, will the asset attempt to achieve a new all-time high? SUI has managed to break through its crucial
January 10, 2025 2 mins read
With many major assets trapped in a bearish phase, the crypto market is now eyeing a gradual recovery toward new highs. Ethereum, the largest altcoin, has slipped to the $3.2K mark, while Solana (SOL) shows a consistent downward movement. Following the continued rejection, the altcoin has plunged below the critical
January 10, 2025 2 mins read
Standard Chartered, a British multinational bank, has launched a new entity in Luxembourg. This provides crypto and digital asset custody services across the European Union (EU). Besides, this step follows the introduction of the Markets in Crypto Assets (MiCA) regulation, by which the bank can respond to the rising demand
January 9, 2025 2 mins read
Bearish momentum dominates the crypto market, pushing the asset’s price on a downward path. Bitcoin (BTC) continues to fall and trade around the $93.3K level, while Ethereum (ETH) is battling to reclaim the $3.5K mark. ETH has been trading on the downside, recording a 1.73% loss over the last 24
January 9, 2025 2 mins read
Oklahoma State Senator Dusty Deevers has proposed the Bitcoin Freedom Act (SB325). The aim of this proposal is to afford Oklahomans other ways of funding in the current environment of inflation. The proposed bill will be discussed during the 60th legislative session, which begins on February 3. It is designed
January 9, 2025 1 min read
The global crypto market has been shaken by a strong bearish pullback, losing 6.58% over the past 24 hours and bringing the market cap down to $3.35 trillion. The altcoin, Solana (SOL) has been hit hard, plunging by 8.32%. Solana is struggling to clear the $200 zone and has begun
January 8, 2025 2 mins read
The bullish trace in the crypto market vanishes, with the assets slipping back to their former lows. Bitcoin (BTC) trades at the $96K mark and Ethereum (ETH) at $3.3K. Focusing on altcoins, Cardano (ADA) has recorded a loss of over 8.59% in the past 24 hours. ADA opened the day
January 8, 2025 2 mins read
The fully-regulated global cryptocurrency exchange, Backpack Exchange, has announced the purchase of FTX EU—the MiFID II-authorized European subsidiary of the collapsed FTX. This acquisition was examined and authorized by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC). Notably, the FTX EU’s MiFID II licence, obtained under
January 7, 2025 2 mins read
The overall crypto market is recovering from the recent plunge, reaching a total market cap of $3.58 trillion. Notably, in the past 24 hours, the meme coin market cap rose by 2.1% to $129 billion, while major assets like DOGE, SHIB, and PEPE displayed mixed signals. The frog-themed coin, PEPE,
January 7, 2025 2 mins read