Category: crypto
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EU’s upcoming crypto rules could impact liquidity due to USDT delistings
The EU’s upcoming crypto regulations, part of the MiCA framework, will require stablecoin issuers like Tether to obtain e-money licenses, leading to USDT’s delisting from EU exchanges. This move is expected to disrupt liquidity, increase costs for investors, and potentially drive traders to less regulated jurisdictions, impacting Europe’s competitiveness in the global crypto market.
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Coinbase believes tokenization, DeFi will be key themes in 2025 amid pro-crypto policies
Coinbase predicts key trends for 2025 include tokenization, DeFi resurgence, and pro-crypto regulation in the US. The exchange anticipates a pivotal year for US crypto legislation, with bipartisan support and initiatives like a Strategic Bitcoin Reserve. Globally, jurisdictions are also building frameworks to foster innovation, with the tokenization market projected to reach $30 trillion. Decentralized…
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Shiba Inu advances DeFi strategy with Chainlink partnership
Shiba Inu has partnered with Chainlink to improve cross-chain functionality and data integration in its ecosystem. This collaboration integrates Chainlink’s CCT standard and CCIP into Shiba Inu’s network, allowing SHIB, LEASH, and BONE tokens to operate seamlessly across 12 blockchains. This partnership enhances the utility and reliability of Shibarium and enables innovative multi-chain applications within…
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More than 100 crypto hedge funds report banking hurdles in the past 3 years
Around 120 crypto hedge funds faced challenges in accessing banking services over the past three years, according to a survey by AIMA. The banking issues ranged from unclear communication to termination of relationships. The existence of “Operation Chokepoint 2.0” by the Biden administration, aiming to limit access to banking services for the crypto industry, was…
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French banking giant Groupe BPCE secures regulatory greenlight for crypto services
Hexarq, a cryptocurrency subsidiary of Groupe BPCE, has received regulatory approval from France’s Financial Markets Authority to offer crypto services to its 35 million customers in 2025. This approval allows Hexarq to provide custody, buying, and selling services for digital assets under French law, reflecting BPCE’s cautious approach to digital finance. BPCE aims to offer…
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Tornado Cash’s legal win prompts co-founder Roman Storm to fight charges
Roman Storm, creator of Tornado Cash, seeks dismissal of criminal charges by US authorities following a court ruling declaring sanctions on the platform’s smart contracts unlawful. Storm argues lack of control over autonomous contracts absolves him of wrongdoing, challenging charges linked to IEEPA violations and money laundering. Due process concerns raised.
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Ark Invest CEO Cathie Wood predicts Bitcoin will top $1 million by decade’s end
Ark Invest CEO Cathie Wood is bullish on Bitcoin, predicting it will surpass $1 million by the end of the decade. She attributes Bitcoin’s rising value to its limited supply and growing institutional interest. Wood also forecasts increased M&A activity under the incoming Trump administration and welcomes crypto-friendly policy changes.
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El Salvador defies IMF, ramps up Bitcoin strategy with latest purchase of $1M BTC
El Salvador continues to increase its Bitcoin holdings despite scaling back certain policies agreed upon with the IMF. The country recently purchased 11 BTC, bringing its total to 5,980.77 BTC valued at $585.8 million. El Salvador remains committed to using Bitcoin for economic innovation and attracting investment, with plans to expand its Strategic Bitcoin Reserve…
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Bitget Announces Strategic Collaboration with SunPump on Growth of Tron Meme Ecosystem
Bitget, a top cryptocurrency exchange, has partnered with SunPump, a leading memecoin platform on the TRON network. This collaboration aims to enhance TRON’s memecoin ecosystem and support innovative projects. SunPump’s success includes the popular memecoin SunDog and the AI-driven prediction market NextMate. The alliance seeks to drive growth and innovation in the blockchain space.
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Bitcoin and Ethereum take a hit as $1.2 billion in crypto liquidated
The crypto market saw a sharp downturn, with Bitcoin dropping by nearly 10% to $93,000 and Ethereum falling by almost 15% to $3,100. Other cryptocurrencies like Binance Coin, Solana, Dogecoin, and Cardano also recorded double-digit losses. The sell-off was attributed to the Federal Reserve’s hawkish stance on monetary policy and lack of support for a…