China Tightens Grip on Crypto with New Forex Rules
China has introduced stringent foreign exchange (forex) regulations aimed at curbing cryptocurrency trading and other financial activities deemed risky. The latest move underscores the nation’s ongoing efforts to tighten control over the digital asset industry, aligning with its longstanding anti-crypto stance. New Forex Rules Target Crypto Transactions At the close
Bitcoin Drops Below $92,000 Amid Profit-Taking and Macroeconomic Concerns
Bitcoin (BTC) has seen a sharp decline, dipping to $91,800, a level not seen since early December, as investors take profits following its meteoric rise earlier this month. A combination of profit-taking and a challenging macroeconomic environment is weighing heavily on the crypto market, causing volatility as the year ends.
XRP Leads Crypto Losses Amid Strong Dollar Pressure
The cryptocurrency market experienced a sharp downturn as the US dollar strengthened, impacting both traditional and digital assets. XRP spearheaded the decline, sinking over 5% in 24 hours, with major tokens like Bitcoin (BTC), Ether (ETH), and Solana (SOL) also suffering losses. XRP and Marketwide Losses XRP saw the steepest
Crypto Market Cools Down: Trading Volume Plummets 64%
The 2024 crypto market appears to have run out of steam, with market activity dropping sharply. A confluence of seasonal trends, reduced retail interest, and volatile trading has brought trading volumes to their lowest in seven weeks. Trading Volumes Sink Amid Volatility Recent data from Santiment reveals a significant 64%
Do Kwon Extradited to US Over $40 Billion Crypto Collapse
South Korean cryptocurrency entrepreneur Do Kwon, the co-founder of Terraform Labs, is set to be extradited to the United States from Montenegro. This follows a court ruling and months of legal battles after the collapse of his two digital tokens, TerraUSD and Luna, which wiped out approximately $40 billion (£31.7
Top Cryptocurrencies to Watch for the 2025 Golden Bull Run
As anticipation for the 2025 “Golden Bull Run” builds, crypto enthusiasts and analysts alike are eyeing a parabolic rise in prices. With Bitcoin (BTC) potentially hitting $200,000 and altcoins gaining prominence, the stage is set for a transformative period in the crypto market. Here are the top cryptocurrencies to consider
Trump’s Crypto Revival Challenges EU’s New Digital Asset Rules
The US is positioning itself as a global crypto hub under Donald Trump’s leadership, creating fresh challenges for Europe’s regulatory efforts. With the EU’s landmark Markets in Crypto-Assets Regulation (MiCA) set to take effect on December 30, industry executives warn of a migration of crypto activity from Europe to the
Russia Embraces Bitcoin for Global Trade
As Western sanctions tighten their grip on Russia, the country is turning to Bitcoin and other cryptocurrencies to settle international trade payments. This move, confirmed by Russian Finance Minister Anton Siluanov, highlights the growing role of digital assets in bypassing geopolitical restrictions. Circumventing Sanctions with Bitcoin Russia has faced stringent
SBI Takes Over Hacked Exchange DMM Bitcoin: Accounts Transition in March
Japanese crypto exchange DMM Bitcoin, which fell victim to a $320 million hack in May, is transferring its assets and customer accounts to SBI VC Trade. The transition will be completed by March 8, 2025, marking the end of DMM’s operations. SBI to Absorb DMM Bitcoin Accounts SBI VC Trade
Russia Imposes Six-Year Crypto Mining Ban in 10 Regions
Russia is set to enforce a six-year ban on cryptocurrency mining across 10 regions, with partial seasonal restrictions in key mining hubs. The regulations aim to address energy concerns while maintaining mining activity in strategic areas. Complete Ban in 10 Region Starting January 1, 2025, cryptocurrency mining will be entirely
