Liminal, a leading Singapore-based custody services provider, has achieved a significant milestone in its global expansion journey with regulatory approval in Abu Dhabi. The company’s subsidiary, First Answer Middle East, received the first Financial Services Permission (FSP) from the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA), marking a pivotal moment in its...
MoonPay confirmed to Cryptonews on Monday that it has donated $1 million to the digital advocacy group Stand With Crypto ahead of the 2024 elections. “Today, two things are abundantly clear: this year’s election will define the future of our industry in the United States, and it is our responsibility to step up and stand...
President Joe Biden’s stringent crypto policies could jeopardize his re-election bid, according to Uniswap founder Hayden Adams. On May 13, Adams warned of the potential consequences that the administration could face at the November polls. Adams expressed concerns about President Biden and other Democrats’ perceived anti-crypto position, which could reduce the incumbent US president’s likelihood...
Digital asset advocacy group Stand With Crypto launched its own political action committee (PAC) on May 10, according to a Friday Reuters report. The committee will support pro-crypto politicians in the lead-up to the November 2024 elections. “The goal is to endorse candidates and support candidates that are protecting the rights of our advocates of...
The White House is reportedly set to nominate Kristin Johnson, a commissioner at the Commodity Futures Trading Commission (CFTC), to fill a top role at the US Treasury Department overseeing banks, according to a May 9 report by Bloomberg. According to the report, Commissioner Johnson is endorsed to become the Assistant Secretary of the Treasury...
The Financial Intelligence Unit of India (FIU-IND) revealed on May 10 that Binance and KuCoin successfully registered with the regulatory body on May 10. It should be noted that these two exchanges were among several offshore entities that were banned last year, which included Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. Crypto Exchanges Gain...
Today, Bitcoin is trading at $60,620, marking a 4% decrease over the last 24 hours. The cryptocurrency’s recent uplift is attributed to dovish economic data from the U.S., hinting at possible Federal Reserve rate cuts. This anticipation has weakened the dollar and, in turn, boosted Bitcoin’s value. Additionally, significant inflows of $11.54 million into Bitcoin...
Arch Labs has secured a $7 million investment to develop a Bitcoin-native application platform. The seed funding round was led by Multicoin Capital with other participants and contributors including Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings, Tangent, Cypher, and Newman Capital. Arch is proud to be building and innovating in the Bitcoin ecosystem,...
Bitcoin (BTC) dipped slightly by 0.20%, settling at $63,000, yet maintains a bullish stance in the latest bitcoin price prediction. The rise in jobless claims to 231,000, the highest since August 2023, suggests a cooling U.S. labour market, prompting anticipatory actions by the Federal Reserve. This could lead to rate reductions earlier than projected, influencing...
Canaan has launched a new mining machine at the Bitcoin Asia 2024 conference. According to a recent report by the South China Morning Post, the new A1566 model marked the latest of Canaan’s flagship Avalon A15 series, engineered to help miners cope with the reduced rewards from Bitcoin’s latest halving event. Reduced Mining Efficiency Post...