Timur Suleimenov, chairman of the National Bank of Kazakhstan, noted that the institution was considering the creation of such a reserve based on international practices, starting with expropriated cryptocurrency and mined assets from companies with state participation. Kazakhstan Will Have a Cryptocurrency Reserve, According to the National Bank Another country has decided to set up […] Source
Key takeaways: Ethereum risks a 25% drop toward $1,600 after failing to break above a multi-year technical resistance. A whale moved over $237 million in ETH to exchanges, aligning with rising ETH inflows into Binance over five straight days. Wallet data suggests large ETH holders are redistributing or offloading, adding to bearish pressure. Ethereum’s native token, Ether (ETH), is showing signs of vulnerability after breaking below a key multi-year support level, just as a major whale appears to be dumping hundreds of millions of dollars worth of ETH. Technical breakdown…
In a sign of growing momentum behind tokenized finance, two major crypto exchanges, Kraken and Bybit, unveiled their listings of tokenized U.S. stocks just two hours apart. The coordinated launches mark a significant milestone in efforts to bring traditional equities onto blockchain rails and offer global investors access to Wall Street in crypto-native form. Kraken was first to make its move today (Monday), launching 60 tokenized equities under the xStocks brand, powered by Swiss issuer Backed. The offering includes prominent names like Apple, Tesla, and ETFs such as SPY. Two…
Kazakhstan plans to establish a state cryptocurrency reserve, to be managed by an affiliate of its National Bank. The reserve will be funded through assets confiscated in criminal cases and cryptocurrencies mined by state-owned operations, according to a report by Kazinform, citing National Bank Governor Timur Suleimenov. The central bank is currently developing regulations for this reserve, aiming to adhere to best practices for sovereign wealth funds. These practices include a single manager, transparent accounting, and audited, secure storage for the digital assets. Suleimenov stated that a single custodian would…
Iranian crypto exchange Nobitex has started reopening operations, two weeks after suffering a major cyberattack that led to the loss of nearly $100 million. The exchange confirmed the partial restoration of operations on Sunday, while trading and deposits remain suspended. Follow- up on Nobitex Security Incident, Step-by-step wallet access has begun, 29 June 2025 Please note:1. This process is being carried out gradually, starting with verified users and initially for spot wallets, followed by other types of wallets.2. The identity… — Nobitex | نوبیتکس (@nobitexmarket) June 29, 2025 Previous Addresses…
Crypto exchange Kraken has launched Krak, a global money application designed to facilitate free local and international payments using both fiat currency and cryptocurrency. Zero-Fee Global Payments: Kraken Unveils Krak Money App The app aims to address persistent issues within traditional financial systems, which Kraken co-CEO Arjun Sethi described as slow, costly, and opaque. Kraken […] Source
Key takeaways: Bitcoin is up 10% to $108,200 from $98,400 local lows, reclaiming key support. Bitcoin’s bull pennant on the daily chart targets 54% gains to $165,000. Exchange flows are at a 10-year low, signaling investors continue to hold long-term. Bitcoin (BTC) price registered a weekly high of $108,200 on June 25 after a 10% rise from its local low at $98,400 three days prior. BTC has now reclaimed a key support level as prices continued to consolidate below its $112,000 all-time high range. Can Bitcoin price rise over 50%…
When the success of Circle’s public listing made headlines on Wall Street, a lesser-known ruble-pegged stablecoin—launched by a fugitive Moldovan oligarch and a Russian defence-sector bank—was being used for real-world cross-border payments to bypass sanctions on Russia. A7A5, said to be the first ruble-pegged stablecoin, has moved around $9.3 billion on a dedicated crypto exchange in just four months since its launch, according to a Financial Times report. There are now 12 billion A7A5 tokens in circulation, worth around $156 million. However, only a “relatively small group of users” actively…
VICTORIA, Seychelles, June 24, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, proudly announces its prestigious AAA rating on CER.live, a renowned cybersecurity ranking platform for cryptocurrency projects. This accolade positions KuCoin as the top 6 most secure exchanges worldwide, reflecting its unwavering commitment to user protection and operational excellence. With a 90% security score and perfect 100/100 marks in server security, user security, penetration tests, and its bug bounty program, KuCoin stands alongside industry giants such as Coinbase, OKX, and Kraken, reinforcing its reputation as a trusted platform…
The largest US-based crypto exchange platform by trading volume is obtaining the proper license to operate in Luxembourg as it establishes a crypto hub in the European Union (EU). In a new blog post, Coinbase announces that it has secured its Markets in Crypto Assets (MiCA) license from the Luxembourg Commission de Surveillance du Secteur Financier (CSSF), enabling it to operate across all 27 EU member states fully. “This milestone enables us to offer a full suite of crypto products and services to 450 million people across all 27 European…