The bank wants to use this wide user base as a springboard for its IPO bid, which it hopes to complete before the end of 2024. Biggest South Korean IPO of the Year? The media outlet pointed out that K Bank has the largest market capitalization and public offering amount among all the companies attempting...
Something Cipolaro credited as a likely recurrence, noting that Bitcoin “may be stuck in a seasonal slog.” However, despite the prevailing negative sentiment, he expressed optimism, suggesting that September still holds some opportunities. Diamonds in the Rough: What Bitcoin Opportunities Does September Hold? Cipolaro added that Bitcoin investors may only be able to look for...
The Bitcoin (BTC) price has plunged over 3% on Wednesday to back below $56,000, snuffing out the majority of what had looked like a promising rally since the start of the week. The reversal lower in the Bitcoin price comes in wake of the latest US Consumer Price Index (CPI) inflation figures for August. The...
CryptoNews spoke with Patrick Liou, Gemini’s Principal of Institutional Sales, to discuss key issues surrounding crypto adoption, regulation, and gender disparities. Earlier today, Gemini released a report highlighting crypto ownership across the UK, US, France, and Singapore. We asked Liou about the importance of clear regulations to foster broader crypto adoption. The Gemini executive believes...
Suspect Admits Money ‘Changed Hands,’ But Denies Bribery Charges Kang is thought to be the shadowy “real” owner of Bithumb, and has allegedly bought firms with smaller stakes in the crypto exchange. Officials think Kang and his associates manipulated altcoin prices on the platform to their own benefit. Kang has also been accused of using...
Bank Has Conducted ‘Successful Pilot with Nornikel’ Vedomosti quoted a Central Bank spokesperson as saying that platform providers are “interested in developing” ways to “interact” with the bank. The bank has full control over the sector and is the only body in Russia that can issue DFA issuance permits. Kristina Aleshina, Deputy Director of the...
DePINs have experienced rapid growth and adoption across various sectors in recent years. Messari reported that DePIN projects added over 600,000 new nodes in 2023 alone, spanning compute, wireless, and sensor networks. According to Messari, the DePIN market cap has surged by over 400% year-over-year, reaching a total of $20 billion. This growth has been...
In response to the phased implementation of the European Union (EU) Markets in Crypto-Assets Regulation (MiCA), the Central Bank of Latvia introduced a pre-licensing consultation service for local crypto-asset service providers (CASPs) in the country, according to an August 29 press release. As part of Latvia’s efforts to align with MiCA, the initiative provides free...
“The consistency in ownership is due in part to crypto owners’ attitudes toward the asset class,” the report read. “Nearly two in three crypto owners across these geographies (65%) report buying and holding cryptocurrency for its long-term investment potential, and nearly two in five (38%) hold cryptocurrency as a hedge against inflation.” Interestingly, in the...
The future of friend.tech, a Base project once touted as the pioneer and leader of the nascent “SocialFi” crypto sector, is up in the air after the friend.tech team appeared to abandon the project, transferring control of the platform to a burn address. Admin and ownership parameters have been set to 0x000…000 to prevent any...