The Asia-Pacific market is heating up for Bitcoin and Ethereum ETFs
Two Bitcoin ETFs launched in Australia in June — after six Bitcoin and Ethereum ETFs launched in Hong Kong in April. We’ll see soon if more enter the market.
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FTX revenue reportedly grew 1000% in one year, leaked documents reveal
The revenue breakdown discloses a 1842.85% increase in operating income for FTX, from $14 million to $272 million in FY 2020-21. 177 Total views 13 Total shares FTX was among the many crypto exchanges with a front-row seat to witness the crypto hype of 2021, back when Bitcoin (BTC) and other cryptocurrencies hit their all-time…
French Parliament Refuses to Ease Taxation for Cryptocurrency Owners
The lower house of the French parliament has rejected the amendments to the 2019 finance bill which would ease crypto-related taxation. French monthly business magazine Capital reported this Tuesday, Dec. 18.The amendments that have been declined by the National Assembly referred to a draft of the government finance bill for 2019.As explained by local crypto…
Russian Prime Minister: As Cryptocurrencies Lose Popularity, Regulation Isn’t a Priority
Crypto regulation is not a priority for the Russian government since cryptocurrencies have lost their popularity, the Russian prime minister has recently argued. Prime minister Dmitry Medvedev’s comments were reported by Russian news agency Fontanka on May 16.According to Medvedev, cryptocurrencies are not that interesting for the population anymore, which decreases the need for the…
Crypto Lending Firm BlockFi Raising Interest Rates on BTC and ETH
Clients of one crypto lending company may soon notice some changes in response to the recent drops in the market. Starting on April 1, BlockFi will be raising the interest account rates on Bitcoin (BTC) and Ether (ETH). According to CEO Zac Prince, BlockFi users holding between 0-5 BTC now will earn a 6% annual percentage yield…
Nigerian crypto exchange’s token launch draws scrutiny
This development follows the company's previous disclosure of a security breach resulting in fund losses in May 2023. Patricia, a Nigerian cryptocurrency exchange, has revealed the introduction of its own native token named Patricia token (PTK). However, this launch has generated more doubt than applause within the local cryptocurrency community.Native tokens are digital assets that…
Bitcoin eyes $25K as BTC price nears best weekly close in 5 months
Bitcoin (BTC) spiked into key liquidity for a third time into Jan. 29 as the weekly and monthly closes loomed.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader on Bitcoin: $25,000 "in sight"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly hitting $24,498 on Bitstamp overnight.The move, although short lived, marked the pair's third such attempt to…
Argentina’s central bank steps in to block new crypto offerings from banks
Only four days have passed since two of Argentina’s biggest banks opened up to crypto trading but now the central bank has stepped in to block the offerings. The central bank of Argentina (BCRA) has put the kibosh on financial institutions offering crypto trading only days after two of the country's largest banks signaled they…
Bitcoin analyst 'optimistic' of buying BTC lower as 3 trendlines fail
BTC price heading under $66,000 costs Bitcoin bulls several daily moving averages — and few see a snap recovery coming next.