U.K. stocks were subdued on Thursday after Prime Minister Rishi Sunak called a general election for July 4. Investors were also reacting to the results of a survey, which showed that growth across British businesses cooled noticeably this month. The benchmark FTSE 100 was down 8 points at 8,362 after falling 0.6 percent on Wednesday....
Bitcoin (BTC) continued its upward momentum, staying well-supported around the $69,703 level and reaching an intra-day high of $71,957 on Tuesday. This bullish trend is primarily driven by positive regulatory news concerning Ether exchange-traded funds (ETFs). The US SEC’s recent request for exchanges to update regulatory filings for Ether ETFs has sparked widespread optimism in...
Know-your-customer (KYC) solutions are becoming increasingly important for crypto companies, financial services firms, and institutions. Grand View Research found that the global KYC software market size was valued at $2.93 billion in 2021. The number is expected to expand at a compound annual growth rate (CAGR) of 20.8% over the next six years. Grand View...
European stocks were mostly higher on Thursday after British Prime Minister Rishi Sunak called a general election for July 4 and a survey showed business activity in the euro zone accelerated in May. The HCOB Flash Eurozone purchasing managers\' index (PMI) published by S&P Global improved to 52.3 from 51.7 in April. That was the...
Donald Trump has reportedly become the first presumptive Republican presidential nominee to accept cryptos for official campaign donations. The former US President on Tuesday, launched a crypto fundraising page for eligible donors to contribute using the Coinbase Commerce product. The move comes weeks after he declared as the candidate for cryptocurrency at Mar-a-Lago gala that...
Slovakian cybersecurity firm ESET and the Dutch police uncovered a major crypto theft linked to the notorious Ebury botnet last week. The botnet has compromised over 400,000 servers in the past 15 years, making it a major threat to the sector. ESET explained in a May 14 report that the Ebury botnet incident was first...
Bitcoin (BTC) has dipped below $70,000, falling to around $69,229 after reaching an intra-day low of $69,939. This decline is due to reduced investor demand amid uncertainty about a potential September Fed rate hike. Additionally, recent ETF flow data shows mixed sentiments, with a significant drop in net inflows to $15.7 million. Investors are cautious,...
U.S. prosecutors are pushing for a 5 – 7 year sentence for former FTX executive Ryan Salame on charges stemming from his time at Sam Bankman-Fried’s (SBF) doomed crypto exchange, according to a sentencing memorandum filed late Tuesday. Salame, who previously requested a maximum sentence of 18 months in prison, pled guilty to a campaign...
European stocks pared early gains and ended on a mixed note on Thursday as investors continued to assess the likely moves of central banks with regard to interest rates in the wake of recent economic data, and the minutes of the Federal Reserve\'s latest monetary policy meeting released on Wednesday. The minutes of the Federal...
Speculations regarding Bybit’s potential hack or insolvency sparked concerns within the crypto community, prompting CEO Ben Zhou personally to step in to refute these claims on May 23. Amid a flurry of social media rumors questioning Bybit’s solvency and security, Zhou, one of the prominent cryptocurrency exchanges, provided reassurance about the exchange’s financial stability and...