-
MicroStrategy Pauses Bitcoin Acquisitions, Commits to Holding $30 Billion in BTC
MicroStrategy, a prominent business intelligence company, has gained significant attention in the financial market due to its substantial investments in Bitcoin (BTC). The strategic decision to enter the cryptocurrency space commenced in August 2020, when MicroStrategy made headlines with its initial acquisition of $250 million worth of Bitcoin. This move marked the beginning of a…
-
Kraken Revives Crypto Staking in the US, Now Available in 37 States
In recent developments within the cryptocurrency landscape, Kraken, one of the leading cryptocurrency exchanges, has made significant strides in the relaunch of its staking services. This move has gained considerable attention in the wake of recent regulatory adjustments, positioning the company to expand its offerings and attract a wider audience. Staking, a process that allows…
-
Fed Chair Advocates for Crypto Regulation and Cautions Banks on ‘Excess Risk Aversion’
In recent discourse concerning the rapidly evolving landscape of financial technologies, Federal Reserve Chair Jerome Powell has made a significant appeal to the United States Congress to expedite the regulatory framework surrounding cryptocurrencies and digital assets. This call to action comes during a period of burgeoning interest in cryptocurrencies, marked by increasing participation from both…
-
UK Ruling Clarifies That Crypto Staking Is Not Considered a Collective Investment Scheme
The recent amendments made by the UK Treasury to finance laws concerning cryptocurrency staking have sparked significant discussions in the financial community. As the digital asset landscape continues to evolve, such regulatory adjustments play a crucial role in fostering an environment that encourages innovation while ensuring investor protection. Cryptocurrency staking involves the process where individuals…
-
Michael Barr, Federal Reserve Bank Regulator, Announces Resignation
The ongoing discourse surrounding the involvement of financial institutions in the cryptocurrency space has gained heightened attention, particularly with recent statements from Federal Reserve officials. As financial analysts, it is imperative to dissect the implications of these developments, not only for banks and financial markets but also for regulatory frameworks and the broader economy. In…
-
USDC Market Cap Surges 80% Since 2023 Lows
The emergence of stablecoins has been a significant development within the cryptocurrency landscape, captivating the attention of investors, developers, regulatory bodies, and users alike. As digital assets aiming to maintain a stable value by pegging them to reserve assets, stablecoins bridge the gap between traditional finance and the burgeoning cryptocurrency market. They offer the promise…
-
MoonPay Crypto Payment Company Granted MiCA Approval in the Netherlands
On December 30, a significant milestone was reached in the financial regulatory landscape as the Markets in Crypto-Assets framework completed its implementation phase. This framework empowers regulatory authorities to enforce rules on specific crypto service providers operating within the European Union (EU), thereby enhancing transparency and accountability within the rapidly evolving crypto market. The Markets…
-
“Coingarage: Enhancing Crypto Utility in Europe”
Last year, Europe introduced the Markets in Crypto Assets (MiCA) framework, a comprehensive regulatory framework aimed at governing the use of cryptocurrencies across the continent. This move marked a significant step towards creating a structured and regulated environment for the rapidly growing crypto market in Europe. The introduction of MiCA has had a notable impact…
-
Survey: Impact of Challenges on Institutional Cryptocurrency Adoption Strategies
In the rapidly evolving landscape of finance, the integration of crypto assets and products into institutional portfolios has been a topic of much discussion and scrutiny. Institutions, such as banks, investment firms, and insurance companies, are increasingly considering the inclusion of digital assets in their investment strategies. However, this process is not without its challenges,…
-
VanEck’s 2025 Crypto Forecasts: BTC Reaches $180K, ETH Hits $6K, and More
In recent months, the asset management industry has closely followed the unfolding developments in the crypto market, with a particular focus on price projections for leading cryptocurrencies and other factors that could potentially drive significant growth in the sector in the upcoming year. As financial analysts, it is crucial for us to closely monitor and…
-
OKX advises immediate update following disclosure of wallet bug
Cryptocurrency exchange OKX and blockchain security firm CertiK have recently announced the discovery of a critical vulnerability in OKX’s iOS wallet. This revelation has immediately prompted calls for users to update their apps in order to minimize the risk of a potential compromise to user data and crypto assets. On December 19th, CertiK made a…
-
Potential Collective Losses in the Millions Await FTX Creditors Due to New Reorganization Proposal
FTX Debtors, the defunct crypto exchange, recently submitted an amended Chapter 11 reorganization plan on December 16th. This plan could potentially result in significant losses for the exchange’s creditors, amounting to millions of dollars. The proposal suggests that the creditors’ claims should be valued based on crypto prices on November 11, 2022 – the day…
-
Bitcoin’s turbulent year reflected in gains and losses
Over the past year, the digital asset market has experienced significant activity, which is evident when analyzing the available data. One notable metric that highlights this activity is the rolling yearly sum of realized profits. Realized profits occur when a digital coin is sold at a price that exceeds its original acquisition price. In the…
-
SEC Releases Fresh Investor Alert Regarding Cryptocurrencies
In a recurring advisory issued today, the U.S. Securities and Exchange Commission (SEC), through its Office of Investor Education and Advocacy, has once again emphasized the significant risks associated with investing in crypto asset securities. The warning, echoing previous alerts, highlights the ongoing speculative and volatile nature of such investments, underscoring the substantial risk of…
-
Binance CEO Richard Teng Declines to Disclose Company Headquarters’ Location
Binance CEO Richard Teng has stirred up curiosity and speculation by refusing to disclose the location of the company’s global headquarters. This move aligns with the cryptocurrency exchange’s longstanding practice of positioning itself as a truly international entity. In an interview with the Financial Times on December 5th, Teng maintained the air of mystery surrounding…
-
SEC recommends court, not jury, should ascertain security status of Terra’s cryptocurrency assets
The U.S. Securities and Exchange Commission (SEC) has recently submitted a letter to Judge Jed Rakoff regarding the ongoing case against Terraform Labs. The SEC argues that the crypto assets involved in this case should be classified as securities under the legal definitions. Dated December 4, the letter provides a comprehensive outline of the regulator’s…