Recent reports suggest that South Korea is on the verge of significant changes in its regulatory framework concerning cryptocurrencies, specifically targeting institutional investors. As the local media channel Yonhap disclosed, the country’s Financial Services Commission (FSC) is set to lift some of the existing strictures that have previously restricted institutional participation in the crypto trading
In 2024, Kazakhstan has escalated its campaign against illegal cryptocurrency exchanges, reflecting increasing apprehensions about their connection to criminal activities. The Financial Monitoring Agency (AFM) disclosed in a recent press release that they successfully shut down 36 unlicensed platforms that collectively handled transactions exceeding $100 million. Moreover, the agency has blocked access to over 3,500
In the unpredictable world of cryptocurrency, drastic shifts can occur in mere hours, illustrating the volatility that defines this market. Recent fluctuations have vividly illustrated this reality, as Bitcoin’s price deteriorated from upwards of $102,000 to around $95,200 in a span of 24 hours. This dramatic slide wasn’t isolated to Bitcoin; alternative coins such as
In recent months, there has been a noticeable shift in the way governments view Bitcoin, particularly as a potential addition to national reserve assets. Countries like the Czech Republic, United States, Switzerland, and Russia are beginning to explore the feasibility of Bitcoin, reflecting a broader global trend toward cryptocurrency integration into mainstream financial systems. The
The cryptocurrency landscape remains dynamic, with Ethereum (ETH) treading cautiously below its historic peaks from last year. As investors keep a close watch on its price movements, the speculation intensifies regarding a potential rally in the altcoin market, commonly referred to as “Altseason.” Signs of optimism bloom, especially with predictions for a stellar performance by
Banco de Investimentos Globais (BiG), one of Portugal’s prominent financial institutions, has recently instituted a prohibition on fiat transfers to cryptocurrency platforms. This move comes as a response to newly established guidelines from authoritative bodies such as the European Central Bank (ECB), the European Banking Authority (EBA), and the Bank of Portugal, which outline the
In the ever-evolving landscape of cryptocurrency, Bitcoin stands as the titan of the digital assets. However, recent trends suggest that Bitcoin may soon experience a profound supply shock, driven predominantly by the soaring demand for Spot Bitcoin Exchange Traded Funds (ETFs) in the United States. As this demand skyrockets, it signals a potential crisis point
Rostin Behnam’s announcement to resign from the Commodity Futures Trading Commission (CFTC) effective January 20 marks a significant transition period for the agency, coinciding with the inauguration of President-elect Donald Trump. Behnam’s leadership saw the CFTC take a notable stance on regulating the burgeoning world of cryptocurrencies, although his approach was characterized by a more
In a significant shift towards enhancing user experience and expanding its service offerings, Crypto.com has recently unveiled stock and exchange-traded fund (ETF) trading capabilities exclusively for its United States customers. On January 3, the company announced that users can now seamlessly manage not just cryptocurrencies but also traditional stocks and ETFs through its mobile application.
Opeyemi’s two-year journey into the dynamic world of cryptocurrency underscores a significant pivot in his professional interests. Initially drawn to the subject by curiosity rather than a predetermined ambition, his experience in the cryptocurrency realm has blossomed into a profound commitment. This evolution illustrates how the digital asset space, often characterized by its volatility and
