The South African financial regulator has issued 248 of the crypto asset service provider licenses it has received to date. 9 Applications Rejected The South African financial regulator, the Financial Sector Conduct Authority (FSCA), has issued a total of 248 crypto asset service provider (CASP) licenses from the 420 applications it received. According to a […] Source CryptoX Portal
Emirates NBD, a leading United Arab Emirates (UAE) bank, has invested in Zodia Custody, a digital asset custodian, through its Innovation Fund. A Step Forward for Zodia Custody Emirates NBD, one of the United Arab Emirates’ leading banks, recently disclosed that it had invested in Zodia Custody, a digital asset custodian. The investment was made […] Source CryptoX Portal
On Friday, the 12 spot bitcoin exchange-traded funds (ETFs) hit another high note, pulling in $428.98 million during the day’s trading session. Meanwhile, nine spot ether ETFs added $23.61 million to their tally. Bitcoin ETFs Dominate as $429M Floods In—Ether Funds Join the Party with $24M Both bitcoin and ether ETFs ended the day on […] Original
A Massachusetts man, Alan Joseph, 36, has been convicted of operating an unlicensed money transmission business and laundering funds after converting cash linked to counterfeit goods into bitcoin, Homeland Security Investigations (HSI) announced on Thursday. Convicted on Nov. 22, following a five-day jury trial, Joseph was found guilty of facilitating illegal cash-for-crypto transactions, including a […] Original
There are still two weeks left for the year to end. This means you have two more weeks to grow your money and all that you have to do is select the right crypto to invest in. So if you want to enter 2025 with a bang, we have picked the top 5 best cryptos to invest in at the moment. All of the tokens listed below are currently in their presale so you’ll definitely get a great deal. As per expert predictions, all 5 of them are expected to…
The Wall Street Journal reported that incoming President Donald Trump’s transition team is exploring plans to alter or potentially eliminate the Federal Deposit Insurance Corporation. According to sources that spoke to the WSJ, Trump’s advisers have questioned candidates for regulatory positions on the feasibility of merging the FDIC with other agencies or absorbing its functions into the Treasury Department. These discussions are part of broader efforts under Trump’s proposed Department of Government Efficiency to shrink federal oversight and streamline financial regulation. According to the WSJ, the talks also extend to…
MicroStrategy (MSTR), the software company founded by Michael Saylor, is not the only large-scale corporate buyer of bitcoin (BTC), JPMorgan (JPM) said in a Wednesday report. Crypto miners are also adopting the accumulation strategy. The shift to building up bitcoin holdings is driven by growing pressure on profitability, which stems from the reward halving in April and a rising network hashrate, the report said. Hashrate is the total computational power used to mine and process transactions on a proof-of-work blockchain and is a proxy for competition in the industry and…
Top US crypto exchange Coinbase has added support for three additional digital assets, including memecoin Gigachad (GIGA). Solana (SOL)-based GIGA, a crypto asset inspired by the photo shoot of Russian bodybuilder Ernest Khalimov, is up more than 39% from its $0.04911 low on Tuesday, the day it was listed on Coinbase. GIGA is trading for $0.06844 at time of writing. With a market cap of $657.9 million, Gigachad is the 183rd largest crypto project. Coinbase also added support for Magic Eden (ME) on the Solana network, a utility token for…
With less than 40 days until Donald Trump is sworn in as the U.S. President, recent data reveals he holds nearly $13 million in crypto assets. The First Crypto Commander-in-Chief Stepping into the presidency with a sizable crypto portfolio, Donald Trump brings a financial twist to the Oval Office. His running mate, JD Vance, isn’t […] Source CryptoX Portal
The ranks of cryptocurrency developers held steady in 2024, as some recent entrants left the industry while veterans mostly stuck around, according to a report released Thursday by Electric Capital. The total developers working in crypto worldwide was basically flat, declining a statistically insignificant 7% from a year earlier, and the number of monthly active developers went to 23,613 in November, the report said. Meanwhile, the Solana ecosystem, ground zero for the memecoin craze, was the most popular blockchain among new developers, an 83% increase in its ecosystem compared to…