Category: crypto

Crypto exchange Bybit has obtained regulatory approval under the MiCA framework from Austria’s FMA, enabling it to offer digital asset services across the EEA. Bybit plans to establish its European headquarters in Vienna and comply with consumer protection and anti-money laundering rules. The company is also pursuing licenses in other jurisdictions. Despite the approval, Bybit…

Justin Drake from the Ethereum Foundation has raised concerns about Bitcoin’s long-term security due to low transaction fees. He believes that Bitcoin’s security model is broken and fees are not enough to sustain mining revenue. He suggests possible solutions like revising the fee market or moving to Proof-of-Stake, but faces resistance within the Bitcoin community.

House Financial Services Committee Chairman French Hill introduced the Digital Asset Market Clarity Act to provide clear regulations for cryptocurrencies. The bipartisan bill defines terms related to digital assets and amends existing laws to provide clarity and oversight. The proposal aims to establish the US as a global leader in digital assets and has bipartisan…

A US federal court ruled that Trump’s imposition of tariffs under a national emergency exceeded constitutional authority, throwing his tariff regime into legal limbo. US markets rallied on the news, with S&P 500 futures surging but Bitcoin lagging. The White House has filed an appeal, and businesses may be eligible for billions in refunds.

Ethereum outperformed other top cryptocurrencies in the past 24 hours, with a nearly 4% increase in price. This was driven by institutional interest and the successful Pectra upgrade, improving user experience and scalability. The Federal Reserve’s signals also impacted market sentiment, with Bitcoin remaining the preferred choice for investors.

NFKings, founded in 2021 by Matthew Lim and Mario Ho, is launching a protocol after 3 years of development with support from top VC firms. Their ONA protocol rewards user contributions, their Non-Fungible RWA Protocol bridges web2 and web3 worlds, and The Boxx, a social commerce metaverse by Jackson Wang, allows users to interact and…

More than 90% of XRP’s supply is profitable despite the stagnant price over three months. XRP surpasses other altcoins in profitability, trailing only Bitcoin. Analysts believe this indicates a potential rebound. Developments such as the resolution of Ripple’s case with the SEC and institutional adoption suggest a positive future for XRP.

The price volatility of Bitcoin has reached a 6-month low, according to recent research. This indicates that the digital currency has been experiencing more stable prices over the past 30 days.

VivoPower International has agreed to a $121 million private capital raise to focus on XRP treasury platform. The company specializes in electric batteries, vehicles, and solar power solutions. The transaction includes selling 20 million shares at $6.05 each, led by Prince Abdulaziz bin Turki. Funds will be used for XRP accumulation and infrastructure development. Former…

The US Department of Labor has rescinded a 2022 release that discouraged offering crypto investments in 401(k) plans, returning to a neutral stance under ERISA. Fiduciaries are now advised to make investment decisions based on the best interest of plan participants, without specific cautionary directives for crypto assets.