Taiwan is stepping into the realm of digital assets with a calculated approach, as its Financial Supervisory Commission (FSC) gear up to launch a pilot program for institutional crypto custody. This initiative, scheduled to accept applications in early 2025, marks a significant stride towards endorsing the institutional use of cryptocurrencies within the island’s financial landscape.
As the US Presidential elections approach, the influence of political landscapes on economic assets is once again a topic of interest, particularly in the cryptocurrency arena. A recent analysis from Standard Chartered, a leading British multinational bank, offers a perspective on how these electoral outcomes could transform the value of Ethereum (ETH). The report suggests
The cryptocurrency market is no stranger to volatility, characterized by swift shifts in sentiment driven by regulatory actions, macroeconomic factors, and broader industry developments. Recently, the ongoing legal confrontation between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has emerged as a focal point within this space. This article delves into the repercussions
The cryptocurrency landscape is fraught with volatility and uncertainty, and events like the 2016 Bitfinex hack serve as stark reminders of the inherent risks involved. Recent news suggesting that Bitfinex is the only entity entitled to restitution following the infamous hack has ignited discussions within the crypto community. This article seeks to unpack the legal
On October 7, 2023, Bitget exchange experienced a tumultuous incident involving its native BGB token, which witnessed an alarming drop in its value from $1.15 to $0.5344 within a mere ten-minute span. This unexpected volatility raised significant concerns among traders and investors alike, as such sharp declines can seriously impact market confidence and trading behaviors.
In a significant development on the financial landscape of the UAE, the government has officially exempted cryptocurrency transactions from the existing 5% value-added tax (VAT). This notable change is part of an amendment to the Executive Regulation of the Federal Decree Law on VAT, set to take effect on November 15, 2024. However, the regulation
The digital asset investment landscape witnessed a modest reduction last week, with outflows totaling $147 million. This decline can be attributed to a favorable tilt in economic indicators, which, unexpectedly, tempered expectations for aggressive monetary policy shifts, particularly rate cuts. Such economic signals may have influenced investors’ confidence, prompting a re-evaluation of their positions in
The cryptocurrency market is positioned on the brink of a transformative phase, especially following the recent approval of options for spot Bitcoin exchange-traded funds (ETFs). Jeff Park, head of Alpha Strategies at Bitwise Investments, has outlined the potential upheaval in Bitcoin’s price dynamics resulting from these options. In a detailed conversation with Anthony Pompliano, Park
Cryptocurrency enthusiasts often find themselves at the mercy of market fluctuations, and few coins have elicited as much discussion as Cardano (ADA). Despite a recent downturn in price performance, analysts remain optimistic about the coin’s potential for significant growth. This article explores the various factors contributing to the bullish sentiment surrounding Cardano and examines its
In the rapidly evolving landscape of blockchain technology, Solana has distinguished itself as a frontrunner in the gaming sector. Its robust architecture supports fast transaction speeds and negligible fees, allowing it to become a hotspot for gamers and developers alike. This platform has birthed a multitude of games infused with Web3 principles, such as play-to-earn
