Market News

In this category of NewsCrypto, you will find news covering the whole cryptocurrency market and delivering the most recent developments in the industry. The market news section is constantly updated by a team of writers worldwide, who work tirelessly to bring you the most up-to-date information. Investors, standard readers, and financial lovers worldwide may find the most up-to-date information about the cryptocurrency and blockchain industry in the market news area. The website focuses on providing readers with unbiased information on current crypto market movements.

ArkeFi and the Barker Price Announce Strategic Collaboration to Develop First-Ever Fractional Ownership Protection (FOP)

ArkeFi Announces Development of Fractional Ownership Protection (FOP) in Strategic Collaboration with The Barker Price. ArkeFi, the premier platform that tokenizes non-bankable assets (nBAs) such as art, cars, and collectibles, is excited to announce a strategic collaboration with The Barker Price to develop the groundbreaking Fractional Ownership Protection (FOP). This

August 20, 2024 2 mins read

Indian Citizen Sentenced for $20M Crypto Spoofing Scheme

Ex CEO Sentenced to 24 Years in Prison for Crypto Scam

The Former CEO of Kankas Heartland Tri-state Bank is sentenced to 24 years in prison. You reap what you sow is now vividly seen in the actions of Shan Hanes. The ex-CEO of failed Heartland Tri-state Bank who fell for a crypto scam, is now facing consequences for his wrongdoings.

August 20, 2024 2 mins read

Seychelles Embraces Comprehensive Virtual Asset Regulation

The Seychelles National Assembly has approved the Virtual Asset Service Providers (VASP) Bill 2024, marking a significant step towards establishing a regulated environment for virtual assets. This legislation aims to align Seychelles with international standards, particularly those set by the Financial Action Task Force (FATF) while fostering an innovation-friendly financial

August 20, 2024 2 mins read

CryptoPunk Breaks NFT Record With $24 Million Sale

CryptoPunks is a groundbreaking project of 10,000 collectible characters or crypto avatars on the Ethereum blockchain. It has recently experienced dramatic fluctuations in value due to a dip in “blue chip” NFTs. CryptoPunks launched in July 2017, is celebrated as one of the earliest examples of non-fungible tokens (NFT), inspiring

August 20, 2024 2 mins read

Hong Kong Legislator Advocates for DAO Rules and Bitcoin in Financial Reserves

Hong Kong Lawmaker Pushes DAO Rules Amid MANTRA Case

Hong Kong lawmaker Johnny Ng Kit-chong has proposed creating a legal framework to regulate decentralized autonomous organizations (DAOs) to bolster Hong Kong’s stability in the Web3 investment landscape. Ng believes that such regulation would attract significant overseas talent and capital, reinforcing the city’s position as a global leader in digital

August 20, 2024 2 mins read

Celsius Network Plans to Repay Creditors via PayPal’s Hyperwallet

Insolvent Crypto lender Celsius Network has filed a notice to the court about its intentions to distribute funds to creditors. In a filing submitted to the US Bankruptcy Court for the Southern District of New York, the attorneys for the business outline their strategy to repay creditors via the use

August 20, 2024 1 min read

China Tightens Grip on Virtual Assets with New Stringent AML Rules

New steps to address anti-money laundering regulations have been announced by China’s Supreme People’s Court and Supreme People’s Procuratorate. The legal interpretation sets very stringent standards for the prosecution of offenses relating to money laundering as of August 20, 2024. The primary goal of the new regulations is to prevent

August 20, 2024 1 min read

Latest Report Reveals 7.51% of Global Population Now Uses Crypto

Italian Bank Banca Sella Launches Bitcoin Trading as Crypto Interest Surges

Italian bank, Banca Sella, is gearing ready to provide Bitcoin trading services to its clientele, according to a recent update. Especially in light of the increasing institutional adoption of cryptocurrency, this action has sparked market debates. A number of prominent US banks and state pension funds have recently come clean

August 19, 2024 2 mins read

Bitwise Acquires London-based ETC Group to Boost ETF Operations

Bitwise, an investment asset manager, has made a significant purchase that would elevate its exchange-traded fund (ETF) operations. This week began with the announcement that the company will be acquiring ETC Group, a London-based digital-assets issuer. Meanwhile, the details of the purchase agreement are still unknown. According to Bloomberg, Bitwise

August 19, 2024 1 min read

US PPI Inflation Rises 0.2% in August Amid Fed Rate Cut Speculation

U.S Fed Officials Signal Possible Interest Rate Cuts in September

After a long period, US Federal Reserve (Fed) policymakers are considering a rate decrease in September, shifting gears from maintaining rates constant to cutting rates. Neel Kashkari, president of the Minneapolis Federal Reserve, has confirmed that September is a suitable time to discuss potential Fed rate decreases. Bitcoin investors are

August 19, 2024 2 mins read