In a significant development for the cryptocurrency industry in India, Binance, one of the world’s largest cryptocurrency exchanges, has resumed its operations in the country after settling a $2.25 million penalty. The penalty, imposed by Indian regulatory authorities, marked a crucial step for Binance as it navigates the complex regulatory landscape of one of the…
Despite facing a challenging period in the digital asset market, cryptocurrency start-ups have managed to attract substantial venture capital (VC) funding in the recent quarter, signaling continued investor confidence in the long-term potential of blockchain technology. According to data from PitchBook, VC investment in crypto-related companies reached $2.7 billion in the three months ending in…
The cryptocurrency market recently experienced a significant downturn, sending shockwaves through the investor community. Two key factors have been identified as contributors to this latest crypto crash: the unwinding of the Japanese Yen Carry Trade and a substantial Ethereum sell-off by the trading firm Jump Trading. Despite the market turbulence, renowned crypto analyst Michaël Van…
In a world where financial landscapes are rapidly evolving, a recent study conducted by Bitpanda and YouGov has uncovered a significant trend that could reshape the future of investment in Europe. The survey, which involved over 6,000 individuals across five countries, reveals that younger generations in Europe are embracing cryptocurrencies at an unprecedented rate, despite…
In a sign of renewed confidence in the cryptocurrency market, the combined supply of two major stablecoins, USDT (Tether) and USDC (USD Coin), has surged by $3 billion. This increase in supply comes as the broader crypto market experiences a significant rebound after a period of volatility and uncertainty. The influx of stablecoins into the…
On Wednesday, a significant chapter in the ongoing legal battle between Ripple, a leading digital assets firm, and the U.S. Securities and Exchange Commission (SEC) came to a close. Judge Analisa Torres, who presided over the case, imposed a $125 million penalty on Ripple and issued a stern warning to the company to avoid violating…
In the ever-evolving landscape of digital finance, cryptocurrency has emerged as a significant wealth generator. According to a recent report by Bitbuy, as of April 2024, there were 88,200 individual cryptocurrency millionaires globally. This impressive figure underscores the transformative potential of digital assets in creating substantial wealth. Notably, nearly half of these millionaires—40,500 individuals—amassed their…
Amid the current market turmoil, prominent trading company Robinhood has released its Q2 financial statement, revealing impressive performance in its cryptocurrency segment. Despite the broader economic challenges, Robinhood’s revenue from crypto transactions climbed a staggering 161% year-over-year, reaching $81 million. This figure has more than doubled the company’s $40 million revenue from equity transactions, underscoring…
As global uncertainties continue to ripple through financial markets, investors are seeking guidance on how to navigate the current volatility in the cryptocurrency sector. In a recent ETMarkets live stream, Saketh, a seasoned crypto trader, offered valuable insights into the complex dynamics of the cryptocurrency market and shared strategies to mitigate risks during these turbulent…
As of today, Bitcoin continues to be a focal point of discussion and speculation within the financial and cryptocurrency markets. Currently, Bitcoin is trading at a pivotal level, and analysts are keenly observing its movements to gauge its future trajectory. If Bitcoin manages to sustain its price above the $40,000 mark, the BTC price predictions…
The cryptocurrency market has been witnessing a dynamic resurgence, and among the standout performers is WienerAI, a new AI-driven meme coin that has surged an impressive 91% in just 24 hours. This meteoric rise has caught the attention of investors and crypto enthusiasts alike, positioning WienerAI as a notable player in the ever-evolving digital asset…
Bitstamp, the world’s longest-running cryptocurrency exchange, has announced a strategic partnership with Stripe, a leading financial infrastructure platform for businesses. This collaboration aims to bolster Stripe’s fiat-to-crypto onramp across the European Union (EU), marking a significant step towards enhancing accessibility and usability of cryptocurrencies in the region. Expanding Access to Cryptocurrencies The partnership between Bitstamp…
