Tag: Report

Maldives to build $9 billion crypto hub to attract investment: Report

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The government of Maldives signed an agreement with MBS Global Investments, a Dubai-based family office, to develop a $9 billion crypto and blockchain hub in Malé, the capital of the South Pacific archipelago nation. According to a report from the Financial Times, the agreement, which was signed on May 4, was done in the hopes of moving the Maldives away from reliance on tourism and fisheries by attracting foreign direct investment into blockchain and Web3 technologies. The project outlines plans for the Maldives International Financial Centre, an 830,000-square-meter facility that…

Report: South Korea to Allow Free Crypto Trading for Non-Profits, Exchanges in June

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Beginning in June, South Korean nonprofit organizations and virtual asset exchanges will be permitted to trade digital assets freely. Exchanges can sell virtual assets under strict regulatory conditions to prevent conflicts of interest and minimize market impact. Promoting a Sound Donation Culture South Korean nonprofit organizations and virtual asset exchanges will be allowed to freely […] Source

eToro eyes US IPO next week following Trump-induced volatility: report

eToro Group Ltd. is preparing to launch its long-delayed U.S. initial public offering as soon as next week, Bloomberg reported, citing people familiar with the matter.  The Israel-based trading platform had paused its IPO plans in early April amid market turmoil triggered by former President Donald Trump’s tariff announcements, which briefly derailed dealmaking activity, Bloomberg reports. The company had filed with the SEC in late March, but “Liberation Day” volatility led eToro to delay the offering. With volatility easing and comparable platforms like Robinhood up over 16% in the past…

Pro-crypto senator pushes back on Trump’s memecoin dinner — Report

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Senator Cynthia Lummis and at least one other Republican in Congress are reportedly critical of US President Donald Trump for offering the top holders of his memecoin a dinner and White House tour. According to a May 2 CNBC report, Lummis said the idea that the US president was offering exclusive access to himself and the White House for people willing to pay for it “gives [her] pause.” She wasn’t the only member of the Republican Party to be critical of Trump’s memecoin perks, announced on April 23, roughly three…

Bitcoin Eyes $98K as Strong Jobs Report Buoys Markets

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The U.S. economy added a higher-than-expected 177,000 jobs in April, sparking a rally in traditional markets as bitcoin climbed closer to $98K. Strong Employment Figures Push Bitcoin Toward $98K Threshold The U.S. Department of Labor surprised bearish economists when it published its highly anticipated jobs report on Friday, showing a stronger-than-expected 177,000 jobs added to […] Original

Bitcoin HODLer Selling Expected Around This Level, Report Says

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The on-chain analytics firm Glassnode has revealed in a report how sell-side pressure may see an uptick from Bitcoin long-term holders around this price level. Bitcoin Long-Term Holder Profit Will Hit 350% At 99,900 In its latest weekly report, Glassnode has talked about the latest trend related to the Bitcoin long-term holders. The “long-term holders” (LTHs) refer to the Bitcoin investors who have been holding onto their coins since more than 155 days ago. The LTHs make up for one of the two main BTC holder cohorts divided on the…

Ethereum’s ‘capitulation’ suggests ETH price is undervalued: Fidelity report

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Key Takeaways: Fidelity Digital Assets’ report said that multiple Ethereum onchain metrics suggest ETH trades at a discount. The BTC/ETH market cap ratio is at mid-2020 levels. Ethereum’s layer-2 active addresses hit new highs at 13.6 million. Fresh data from Fidelity Digital Assets hints at a cautiously optimistic outlook for Ethereum, suggesting its dismal Q1 performance could be an opportunity. According to their latest Signals Report, Ether (ETH) dipped 45% during Q1, wiping out it post-US election gains after peaking at $3,579 in January. The altcoin posted a death cross…

Bankera founders used ICO funds on global property buys: Report

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The founders of the crypto fintech firm Bankera used funds from the project’s 2018 initial coin offering to purchase luxury properties worldwide, according to a report by the Organized Crime and Corruption Reporting Project. The OCCRP reported on April 28, citing leaked company records and bank statements, that nearly half of the funds from Bankera’s 100 million euro ($114 million) ICO were transferred to a bank in the Pacific Island country of Vanuatu that was purchased by the project’s founders, Vytautas Karalevičius, Justas Dobiliauskas and Mantas Mockevičius. Soon after, the…

Bitcoin Holders Realizing $139 Million In Profit Per Hour This Rally, Report Says

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A report from the on-chain analytics firm Glassnode has revealed how Bitcoin investors have recently been realizing an hourly profit 17% above the baseline. Bitcoin Realized Profit Has Spiked Alongside Recovery Rally In its latest weekly report, Glassnode has talked about the recent trend in the Realized Profit of Bitcoin. The “Realized Profit” here refers to an on-chain indicator that, as its name suggests, measures the total amount of profit that the BTC investors are realizing through their selling. The indicator works by looking at the transaction history of each…

Nigerian court green lights arrest for six CBEX promoters — Report

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A high court in Nigeria has reportedly granted the country’s Economic and Financial Crimes Commission (EFCC) the authority to arrest six individuals who were allegedly involved in investment fraud at a cryptocurrency exchange. According to an April 24 report from Nigerian news outlet The Cable, the Federal High Court in Abuja approved the arrest and detention of six people who promoted the Crypto Bridge Exchange (CBEX), allegedly defrauding investors out of 1 billion naira, or roughly $620,000. The suspects in the cases did not appear to have been arrested at…