UK’s Kroo Bank Bans Crypto Transactions to Curb Fraud
Kroo, a digital bank based in London, has announced a ban on cryptocurrency transactions for its customers starting May 30, 2024, citing rising online fraud and scams related to crypto.
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Michael Saylor Embraces Ethereum ETFs
Michael Saylor, known as a Bitcoin evangelist, has surprisingly expressed support for Ethereum-based ETFs, suggesting they could boost institutional adoption of cryptocurrencies from 1% to potentially 5-10% of portfolios.
AI Crypto Trading Bots: Strategies for Effective Training and Risk Management
As AI-powered crypto trading bots gain popularity, traders must master the art of effective training and risk management to maximize profits while mitigating potential losses in the volatile cryptocurrency market.
SEC Approves Ethereum Spot ETFs, Paving the Way for Trading
In an unexpected move, the U.S. Securities and Exchange Commission (SEC) approved eight spot Ethereum ETFs, allowing issuers like BlackRock, Fidelity, and Grayscale to proceed with their Ethereum-based exchange-traded funds, pending registration statement approval.
Bitcoin Surges Past $70,000, Nearing ATH Amidst Crypto Frenzy
Bitcoin (BTC) reached $70,000 on Monday, marking its highest level in over a month, fueled by a surge in spot buying and spot BTC exchange-traded fund (ETF) purchasing.
Turmoil at Beribit Amid Russian Crypto Exchange Ban Rumors
Over 50 clients of the Russian crypto exchange Beribit attempted to stage a protest at the company’s office in Moscow, demanding the return of their funds amidst rumors of a potential crypto exchange ban in the country.
Victory Securities Unveils HK Bitcoin, Ether ETF Fees
Victory Securities, a Hong Kong-based investment firm, has revealed its proposed fees for upcoming Bitcoin and Ethereum ETFs, even before the official list of approved issuers is published by the Hong Kong Securities and Futures Commission.
Korean Won Dethrones USD in Crypto Trading
The South Korean won has surpassed the U.S. dollar as the dominant currency for cryptocurrency trading globally, driven by fierce competition among domestic exchanges and a strong appetite for altcoins among South Korean traders.
Coinbase Expands Global Footprint with Canadian Dealer License
Cryptocurrency exchange Coinbase has received registration in Ontario as a limited dealer under the Canadian Securities Administrators (CSA), allowing the platform to increase its presence outside the U.S. as it faces regulatory challenges in its home market.
Bitcoin Long-Term Holders Selling to New Wave of Investors
Long-term Bitcoin (BTC) holders have started selling their holdings to a fresh cohort of new investors, igniting a surge in the cryptocurrency’s price and realized capitalization, according to an analysis report from Glassnode.