Bybit Fined $1 Million by India’s Financial Regulator Over Compliance Violations
Crypto Exchange Penalised for Operating Without Registration Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been fined $1.06 million (₹9.27 crore) by India’s Financial Intelligence Unit (FIU) for failing to register under the Prevention of Money Laundering Act (PMLA). The penalty follows previous compliance issues that led to
Can Tariff Changes Increase Trust in the Crypto Market?
A recent decision by President Donald Trump to suspend import tariffs on Canada and Mexico for a month has sent positive ripples through the cryptocurrency sector. The announcement triggered a swift recovery in digital currency values, with major players such as Bitcoin, Ethereum, and Ripple all showing notable gains. This surge has been
Crypto Market Liquidations Could Hit $10 Billion as Trump Tariffs Shake Market
Bybit CEO Warns of Massive Liquidations The cryptocurrency market has faced a severe downturn, with liquidations potentially reaching $10 billion, according to Bybit CEO Ben Zhou. This comes amid wider economic concerns following US President Donald Trump’s decision to impose import tariffs on China, Canada, and Mexico. Data from CoinGlass
Bitcoin’s February Momentum Tied to US Labour Market Data
Bitcoin’s price trajectory for February is set to be influenced by a crucial US labour market report, with analysts closely watching its potential impact on investor sentiment and Federal Reserve policy expectations. Labour Market Data to Shape Bitcoin’s Performance The US Bureau of Labour Statistics is scheduled to release its
Elon Musk’s Father Eyes $200M Fundraising with ‘Musk It’ Memecoin
Errol Musk Launches Crypto Token Amid Memecoin Craze Errol Musk, the father of billionaire entrepreneur Elon Musk, is reportedly entering the cryptocurrency space with his own memecoin project, ‘Musk It’ (MUSKIT). He aims to raise up to $200 million through the initiative to support a for-profit think tank, the Musk
Bitcoin Retail Investors Offload $625M to Binance While Whales Hold Steady
Small-Scale Holders Take Profits as Major Investors Stay Put Retail Bitcoin investors have offloaded around 6,000 BTC to Binance this month, worth approximately $625 million at current prices. However, large-scale holders, or “whales,” have remained largely inactive, hinting at a divergence in market sentiment. Retail Investors Rush to Sell According
Trump Media Launches Truth.Fi, Expanding into Crypto and ETFs
New fintech platform marks latest move into digital assets Trump Media and Technology Group (DJT), the company behind the social media platform Truth Social, has announced the launch of Truth.Fi, a new financial services platform focusing on cryptocurrencies and exchange-traded funds (ETFs). The company’s board has approved an investment of
Crypto Mobile Wallets Reach Record 36 Million Amid Growing Retail Adoption
The number of mobile cryptocurrency wallets has surged to a record high of over 36 million in the fourth quarter of 2024, according to Coinbase’s latest crypto market report. This milestone reflects a shift from passive crypto ownership to active usage, as more individuals engage with blockchain-based protocols and decentralised
According to a poll, retail CBDCs do not adequately meet the needs of actual customers.
Interoperability, privacy, and infrastructure still pose hurdles to retail CBDC adoption, a survey by GlobalData reveals. Central bank digital currencies are still a tough sell, even where they’ve officially launched. GlobalData’s latest survey report reveals that for consumers in many countries, CBDCs just don’t offer enough to make the switch from familiar payment methods,
The CEO of Ripple advocates for a U.S. cryptocurrency reserve that encompasses more than just Bitcoin.
Brad Garlinghouse, the CEO of Ripple, recently shared his thoughts on the U.S. government’s plan to create a national digital asset reserve. He believes the reserve should include Bitcoin and other cryptocurrencies like Ripple’s XRP. This idea goes against the opinion of Bitcoin supporters who think Bitcoin should be the only
