Israel is set to debut six Bitcoin mutual funds on December 31, marking a milestone for local crypto investment. The Israel Securities Authority (ISA) approved the funds last week, following years of requests from asset managers. The mutual funds will be managed by six firms: Migdal Capital Markets, Phoenix Investment,
The cryptocurrency market saw some recovery on Christmas day, as Bitcoin revisited its $99K mark. Meanwhile, several year-end reports depicted a sharp rise in global crypto adoption, thus bringing glad tidings. Additionally, Russia stated that it would include Bitcoin in international payments, further propelling interest within the community. Notably, Bitcoin
The results of the election, according to leading crypto trading firms, have been a major reason for the dramatic rise in over-the-counter trading volumes throughout the last few months. Head of institutional at crypto exchange Kraken Tim Ogilvie told The Block, “Long story short, OTC is going gangbusters right now.”
Thaksin Shinawatra, Thailand’s former prime minister, suggested a Bitcoin pilot project in Phuket as a test field for the cryptocurrency with an eye on the tourist industry. The CEO of Binance Thailand thinks it’s a great idea and would help the nation compete and attract tech-savvy tourists, so he’s on
Reportedly, after Donald Trump’s victory in the US presidential election in November, the number of South Korean crypto holders rose. The number of cryptocurrency users in South Korea rose by 610,000 in November, according to Yonhap News, a South Korean media organization that published the statistics on December 25. Democratic
Anton Siluanov, Russia’s Minister of Finance, acknowledged that the country is now prioritizing Bitcoin and other cryptocurrencies in its foreign commerce. In light of the new regulations, Russian companies are reportedly engaging in international commerce using Bitcoin and other digital currencies, as he recently said. Speculation in the market has
In response to encouraging legislative developments in other world-class jurisdictions, including Europe, Turkey passed new cryptocurrency regulations in the last week of 2024. According to a document published in the Official Gazette of the Republic of Turkey on December 25. Customers who conduct transactions over 15,000 Turkish liras ($425) would
The U.S. spot Bitcoin exchange-traded funds (ETFs) have recently experienced a sharp reversal in their flow patterns. On December 24, these funds saw $338.4 million in net outflows, marking the fourth consecutive day of outflows, which have now reached $1.52 billion over the past four days. This comes after strong
In the Asian trading hours, the global crypto market opened the Christmas trading session with a slight recovery as Bitcoin bounces back to the $98K zone after dipping to the $92K range on December 24th. This current uptrend has sent some green across the crypto market, with the overall market
The UAE is witnessing a remarkable surge in cryptocurrency investments. According to a recent eToro survey, 37% of UAE investors plan to increase their crypto investments in 2025. Bitcoin and stablecoins, such as Tether, continue to dominate the market. From 2023 to June 2024, the UAE saw a $34 billion
