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Russia Is Using Bitcoin in International Trade Payments
Russian companies are circumventing Western sanctions by using Bitcoin and other cryptocurrencies to settle international trade, the country’s Finance Minister, Anton Siluanov, confirmed yesterday (Wednesday).
"As part of the experimental regime, it is possible to use bitcoins that we have mined here in Russia [in foreign trade transactions]," Siluanov told the Russia 24 television
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Japan’s DMM Bitcoin Exchange Will Transfer Customer Assets to SBI VC Trade by March 2025
SBI VC Trade, a Japanese cryptocurrency exchange owned by SBI Holdings, has confirmed it has finalised an agreement to accept customer accounts and assets from DMM Bitcoin, which faced issues following a cyberattack.
The confirmation came after DMM Bitcoin, part of the DMM.com Group, announced earlier this month that it would
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New AML Rules in Turkey Set $425 Threshold for $170 Billion Crypto Sector
Turkey revealed new cryptocurrency regulations in late December 2024, drawing inspiration from international frameworks like Europe’s Markets in Crypto Assets (MiCA).
According to a document published on December 25 in the Official Gazette of the Republic of Turkey, transactions exceeding 15,000 Turkish liras (approximately $425) will require users to provide identifying information to
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South Korea's 102 Trillion Won Crypto Market Engages 30% of Population
The number of cryptocurrency investors in South Korea surged to 15.59 million as of November, a rise of 610,000 from the previous month, according to data from the Bank of Korea (BOK) released today (Wednesday). This figure represents approximately 30% of the country’s population. Additionally, the total market value of cryptocurrencies held by Korean investors reached 102.6 trillion
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BlackRock’s IBIT Sees $188 Million Outflow as Bitcoin ETFs Surpass Gold in AUM
BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw its largest single-day outflow on December 24, with $188.7 million withdrawn, according to CoinGlass data. This exceeded the previous record of $72.7 million in outflows on December 20.
Fidelity, ARK Bitcoin ETFs Face Outflows
On the same day, US-based spot Bitcoin ETFs collectively recorded outflows totalling $338.4 million. Since
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Bitget Token Surprises the Market by Rising 813% in 2024: Can You Predict Its 2025 Value?
Bitcoin and meme coins have grabbed headlines in the latest crypto rally. However, one token gained 231% in value over the last 30 days and 813% in the past year. Interestingly, it’s not a meme token but is backed by a crypto exchange – the Bitget token (BGB).
The rise of the Bitget token has been remarkable. It is one of the few tokens that has maintained a
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Russia Bans Crypto Mining in 10 Regions for 6 Years Following Putin's Signed Law
Russian authorities approved a list of regions where cryptocurrency mining will be banned starting January 1, 2025. The ban will last for six years, ending on March 15, 2031. This decision was made today (Tuesday).
These measures align with cryptocurrency mining laws signed by the Russian president Vladimir Putin in August and October 2024, aimed at managing energy
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Gate.io Ceases Japan Services, Acquires Coin Master Co. to Form Gate Japan K.K
Gate.io and the Financial Services Agency of Japan (FSA) announced that Gate Group has acquired all shares of Coin Master Co., Ltd, a Japanese cryptocurrency service provider. The acquisition was executed through Gate Japan K.K., a Singaporean entity within the Gate Group. As of today (Tuesday), Coin Master Co., Ltd will be rebranded as Gate Japan K.K.
This
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“The Crypto Industry Is Not Ready for MiCA”: Solidus Labs’ Delphine Forma
“The cryptocurrency industry is not ready for MiCA,” Delphine Forma, Head of UK and EU Policy at Solidus Labs, said while speaking to Finance Magnates' Jonathan Fine at FMLS:24. She elaborated on the various challenges and implications of crypto regulations in Europe.
“Everybody thinks MiCA is new,” Forma said, “but actually, it's not so new because it’s been around for a while. It's
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Why Is XRP Down Today? XRP Price Prediction for 2024 and 2025
The cryptocurrency market's hopes for a traditional year-end surge are fading as Bitcoin (BTC) tumbled to its lowest level since late November, marking a significant retreat from its recent record highs.
This also negatively affects the altcoin market, including Ripple's XRP. The fourth-largest
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Trump's Election Win Sparks Surge in Gen Z Crypto Investments
A surge in Gen Z crypto investors has taken the market by storm, and the catalyst may just be political. Following Donald Trump’s election win in November 2024, the U.S. president-elect’s pro-crypto stance sparked significant interest among younger generations, particularly Gen Z.
Crypto exchange Bitget reported that its Gen Z user base skyrocketed by a substantial 683% within a month.
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Is Ripple's XRP Facing a Long-Term Price Decline? Adoption Soars 28% Despite Losses
Ripple's XRP is facing downward pressure, with the price falling in the past day and week. According to CoinMarketCap, the token dropped 3% and 12% in the daily and weekly charts, respectively. XRP's price decline reflects a broader price correction in the crypto space.
Bitcoin is leading the bear market, having dropped 3% in the past day and 13% in the past week. The second largest
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MicroStrategy Adds 5,262 BTC, Totaling 444,262 as Bitcoin Nears Pivotal $92K
MicroStrategy, the largest corporate holder of Bitcoin, has acquired an additional 5,262 BTC, spending $561 million at an average price of $106,662 per Bitcoin. This purchase brings the company’s total holdings to 444,262 BTC, with an average cost of $62,257 per Bitcoin. The announcement coincides with Bitcoin approaching a critical support level at $92K.
MicroStrategy is set to join
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"Momentum of US Crypto Regulation Is Now Palpable": Crossover Markets' Brandon Mulvihill
Brandon Mulvihill, Co-Founder and CEO of Crossover Markets, dug into the growing crypto market structure and institutional adoption in an interview with Finance Magnates' Jonathan Fine at the Finance Magnates London Summit 2024 (FMLS:24).
His insights shed light on inefficiencies in crypto exchanges, likening them to retail
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Why Is Dogecoin Down? 69% Node Crash Due to Network Vulnerability
Dogecoin, after peaking at $0.48, has faced a significant downturn, losing nearly 25% of its value over the past seven days amid broader cryptocurrency price corrections. Meanwhile, the network suffered a technical setback as a vulnerability, exploited by Andreas Kohl on Dec. 12, caused 69% of its nodes to crash, reducing active nodes from 647 to 315. The flaw, dubbed “DogeReaper,” was
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