Tag: Digital

Cambodia Introduces Crypto Regulation Requiring Licensing for Digital Asset Activities

The National Bank of Cambodia (NBC) has issued new regulations on crypto-related activities. The directive, dated Dec. 26, mandates that individuals or entities involved in crypto asset transactions, such as fund mobilization, trading, and settlements, must obtain a license from the relevant authorities. Engaging in these activities without authorization may result in penalties under Cambodia’s […] Source CryptoX Portal

Crypto Exchange Token Defies Digital Asset Market Downtick and Soars by Nearly 30% Amid New Merger Announcement

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A crypto exchange token is defying this week’s marketwide downtrend, skyrocketing by nearly 30%. The Bitget Token (BGB) is trading at $7.37 at time of writing and is up nearly 28% in the past 24 hours and more than 70% in the past week. BGB’s gains partially materialized amid news that Bitget plans to merge the token with its other native asset, the Bitget Wallet Token (BWB). BWB, the 638th-ranked crypto asset by market cap, is down more than 4% in the past day but up nearly 45% in the…

ESG-Focused Blockchain Trrue Secures $10M Investment Commitment From GEM Digital

Trrue, a layer-1 blockchain focused on environmental, social and governance (ESG) compliance and real-world asset tokenization received a $10 million investment commitment from GEM Digital, the company said in a press release on Tuesday. The money will be used to accelerate the development of Ireland-based Trrue’s platform, the company said. GEM Digital is a Bahamas-based $3.4 billion alternative investment group that specializes in the digital asset sector. It will receive TRRUE tokens in return for the investment. The company invests in utility tokens listed on centralized (CEXs) and decentralized exchanges…

Digital Assets Will Be an Important Part of Mainstream Finance, Says Binance.US CEO

Binance.US expects digital assets to anchor mainstream finance in 2025, despite ongoing legal battles with the SEC that the company says have stifled innovation. Binance.US Interim CEO Reflects on Challenges, Eyes Crypto’s Future in 2025 Binance.US Interim CEO Norman Reed has shared his reflections on the platform’s challenges and growth prospects as 2025 approaches, underscoring […] Source CryptoX Portal

Michael Saylor Raves About the U.S.’s $10 Trillion World Reserve Digital Dollar Opportunity

Michael Saylor, co-founder and executive chairman of Microstrategy, has discussed the opportunity for the U.S. to make the dollar ubiquitous by building a regulatory framework that allows U.S. banks to issue their treasury-backed stablecoins. Michael Saylor Discusses US Banks’ Upcoming Digital Dollar Adoption Michael Saylor, bitcoin visionary, co-founder, and executive chairman of Microstrategy, the first […] Source CryptoX Portal

US Senator Declares 2025 the Year for Bitcoin and Digital Assets, Pledges Sweeping Crypto Laws

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U.S. Senator foresees 2025 as a pivotal year for cryptocurrency, highlighting plans for a strategic bitcoin reserve and sweeping pro-crypto legislation under new leadership. Strategic Bitcoin Reserve and Digital Asset Laws Set to Redefine 2025 U.S. Senator Cynthia Lummis (R-WY) reiterated her strong support for cryptocurrency in a post on social media platform X Tuesday, […] Original

EU Parliament Member pushes for a strategic Bitcoin reserve and says ‘no’ to digital euro

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French Parliament Member, Sarah Knafo, urges the EU to ‘bet on Bitcoin’ by building national strategic Bitcoin reserves while rejecting the central bank’s plan for a digital euro. In a video shared on her X account on Dec. 17, Knafo delivered a speech in parliament, calling for European nations to start building national Bitcoin (BTC) reserves, develop the crypto mining industry and stop hiking up taxes on crypto holders. “It’s time to bet on freedom, it is time for our states to bet on Bitcoin. To build national strategic reserves.…

French MP Sarah Knafo Calls for Bitcoin Reserves, Slams EU’s Digital Euro Plan

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In a recent address, European Parliament member Sarah Knafo discussed El Salvador’s bitcoin adoption and hinted at President-elect Donald Trump potentially considering a strategic bitcoin reserve. Knafo later shared her speech on X, writing, “no to the digital euro” and “yes to a strategic bitcoin reserve.” ‘Let’s Dare to Be Free’: Sarah Knafo Urges Nations […] Original

Cryptocurrency Market to grow by USD 34.5 Billion (2024-2028), driven by rising investments in digital assets, Report on AI’s impact on market trends – Technavio

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NEW YORK, Dec. 15, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global cryptocurrency market size is estimated to grow by USD 34.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 16.64% 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., Bitcoinforme S.L., Bitfury Group Ltd., CEX.IO Ltd, Coinbase Global…

Russian State Duma Deputy Chairman Calls out Tariff Bluff, Remarks on Digital Currencies’ Role in Freeing International Trade

Alexander Babakov, Deputy Chairman of the Russian State Duma, called out President-elect Trump’s recent threats regarding the hypothetical implementation of a 100% tariff regime on the BRICS bloc, stating that such an application was unlikely. Russian State Duma Deputy Chairman: Trump Unlikely to Proceed With 100% Tariff Threat President-elect Trump still has officials worried about […] Source CryptoX Portal