Crypto exchange Bybit has been fined and blocked in India for violating anti-money laundering laws, as authorities crack down on unregistered crypto operations in the country. Bybit Hit With Penalty, Website Blocked in India Over AML Violations The Indian Ministry of Finance announced last week that the Financial Intelligence Unit-India (FIU-IND) had imposed a financial […] Source
A Canadian man has been indicted in the United States for allegedly orchestrating a $65 million cryptocurrency fraud scheme. Andean Medjedovic, 22, reportedly exploited vulnerabilities in blockchain protocols to siphon millions from investors. If convicted, he faces up to 90 years in prison. Exploiting Blockchain Vulnerabilities According to U.S. prosecutors, Medjedovic leveraged weaknesses in automated smart contracts used by cryptocurrency platforms KyberSwap and Indexed Finance between 2021 and 2023. These platforms facilitate decentralized financial transactions through self-executing contracts on the blockchain. The indictment states that he used deceptive trading strategies…
BlackRock, one of the world’s largest asset managers, is set to bring its Bitcoin investment offering to Europe, marking a major step in its growing crypto ambitions, Reuters reported. After its successful US Bitcoin ETF, which has reportedly amassed over $58 billion in assets, BlackRock is now targeting European investors by listing a Bitcoin exchange-traded product (ETP) in Switzerland. If successful, this could mark a rising demand for institutional-grade crypto investment vehicles as the industry gains a wider acceptance in global finance. Bitcoin Demand Drives BlackRock’s Expansion The firm’s entry…
Travala has integrated its hotel listings with Trivago, allowing users of the global accommodation search platform to book stays using cryptocurrency. Travala Expands Reach Through Integration With Trivago The collaboration merges Travala’s catalog of more than 2.2 million accommodations into Trivago’s interface. Travelers opting for a Travala-affiliated lodging via Trivago will seamlessly transition to Travala’s […] Source
White House cryptocurrency director David Sacks will hold a press conference on Tuesday, Feb. 4, at 2:30 p.m. ET to discuss the U.S. digital asset strategy. White House to Outline U.S. Digital Asset Strategy in Press Conference Reports and a recently published memo state that David Sacks, who serves as President Donald Trump’s artificial intelligence […] Source
Uniswap (UNI), the top decentralized exchange (DEX) by trading volume, has rolled out a new protocol upgrade across multiple chains. The DEX says its new “v4” transforms the protocol into a “developer platform.” “Made possible with the introduction of hooks – contracts that allow anyone to customize how pools, swaps, fees, and LP (liquidity provider) positions interact. Hooks mean unlimited new features that drive deeper liquidity and more swaps. The lowest cost version of the protocol yet. Pools on v4 are expected to be 99.99% cheaper to create, and swappers…
A subsidiary of the New York Stock Exchange wants to convert Grayscale’s XRP Trust into a spot exchange-traded fund (ETF). The ETF and securities exchange NYSE Arca filed with the U.S. Securities and Exchange Commission (SEC) to propose the rule change. Grayscale, a crypto asset manager, believes converting the trust into an ETF “would provide other investors with a way to invest in XRP on a regulated national securities exchange,” according to NYSE Arca’s filing. The XRP trust has nearly $16.2 million worth of assets under management (AUM) at time…
The second-largest US-based crypto exchange by trading volume is announcing huge upticks in revenue and trading volume last year. According to a new blog post, Kraken says that its revenue and trading volumes doubled in 2024 compared to what it did in 2023. Kraken attributes its growth last year to the company’s focus on improving execution. “Our relentless execution is evidenced by our 2024 financial highlights, which we are releasing for the first time in Kraken history. In 2024, we saw revenue of $1.5 billion (up 128% year-over-year) and $380…
Japan’s ‘MicroStrategy’ adopts own 21 million plan for Bitcoin purchases Metaplanet, a publicly traded Japanese firm often called “Asia’s MicroStrategy,” is raising more than 116 billion yen ($745 million) to expand its Bitcoin holdings. On Jan. 28, the company announced it had issued 21 million shares through moving strike warrants, which grant investors stock acquisition rights with adjustable exercise prices. While such warrants are typically issued at a discount, Metaplanet’s offering does not, setting the share price at the full closing value on the pricing date. The company claims this…
NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global cryptocurrency market size is estimated to grow by USD 39.75 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 16.7% during the forecast period. Rising investment in digital assets is driving market growth, with a trend towards acceptance of cryptocurrency by retailers. However, volatility in value of cryptocurrency poses a challenge. Key market players include AlphaPoint Corp., Binance Holdings Ltd., Bit2Me, Bitfury Group Ltd., Cardano, CEX.IO Corp., Coinbase Global Inc., DOGECOIN, FMR…