Kraken Secures License to Enter EU Derivatives Market
Crypto exchange Kraken secured a Markets in Financial Instruments Directive (MiFID) license in the European Union. Kraken was able to obtain the license that will enable it to offer crypto derivatives products in the block of 27 nations by acquiring a Cypriot investment firm which had the license from...
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CFTC’s Inquiry: Crypto.com, Kalshi Under Scrutiny For Super Bowl Wagering
The Commodity Futures Trading Commission (CFTC) has initiated inquiries into Crypto.com and Kalshi Inc. regarding their recently launched event contracts tied to the Super Bowl, as reported by Bloomberg. Crypto.com Vows Cooperation: Prepared To Address CFTC’s Questions Under existing statutes, the CFTC has the authority to request additional information...
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Bitcoin’s $10K Rollercoaster as Altcoins Show Signs of Recovery (Market Watch)
Bitcoin experienced a full-on rollercoaster on Monday, with its price dumping by ten grand before it recovered almost as such and then lost some of the momentum. The altcoins followed suit with similar massive price moves, but most are well in the green on a daily scale now. BTC’s...
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Howard Lutnick Softens Stance on Tether Stability, Investment Ties
Howard Lutnick, the chairman of Cantor Fitzgerald and President Donald Trump’s pick for U.S. Commerce Secretary, was recently playing defense during another nomination hearing in front of Senate Democrats about the financial services giant’s investment in Tether, the company that issues the world’s largest stablecoin, USDT. Lutnick appeared before...
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Polkadot-Powered Prediction Market Blockchain Launches, Bridging Gap Between Trust and Truth
[PRESS RELEASE – London, United Kingdom, February 4th, 2025] Truth Network has launched as a decentralized verification network, operating as an appchain on the enterprise-focused Aventus Network, a Polkadot parachain. In response to the growing challenge of misinformation, Truth Network aims to set a new standard for verifiable trust....
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Recent Pi Network Updates, Ripple (XRP) Price Predictions, and More: Bits Recap Feb 4
TL;DR Pi Network extended the KYC and mainnet migration deadline to Feb 28, 2025, fueling community frustration. Ripple (XRP) experienced a severe price decline at the start of the week, but some view this as a perfect “buy the dip” opportunity. Dogecoin (DOGE) dropped 22% weekly, with recent whale...
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Dogecoin Regains Momentum After ‘Black Sunday’ Rout—Here’s What Indicators Signal About The Memecoin’s Next Moves
Popular dog-themed cryptocurrency Dogecoin (CRYPTO: DOGE) resumed its uptrend Monday, igniting a strong wave of optimism among bulls. What happened: Dogecoin was up over 5% in the last 24 hours, recovering from the ‘Black Sunday’ crash that eroded 28% of the value of the world’s largest meme coin. Dogecoin...
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South Korean city to launch its own crypto seizing system for tax evaders
A city in South Korea plans to launch its own virtual asset electronic seizing system next month to seize crypto assets belonging to tax evaders. According to South Korean media outlet Energy Kyungjae, the city of Gwacheon has announced that…...
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Lending Protocol Aave Processes $200M in Liquidation Without Adding to Bad-Debt Burden
Decentralized lending protocol Aave processed millions in liquidations Monday without accruing any new bad debt, showcasing its resilience during market volatility, data from Chaos Labs shows. The crypto market wilted early Monday, with the price of bitcoin (BTC) falling to nearly $91,000 from $100,000 as concerns of a renewed...
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Ethereum Raises Gas Limits for First Time Since 2021, Boosting ETH Appeal
The Ethereum network’s capacity to handle more transactions increased further late Monday as validators agreed on a gas limit increase for the first time since late 2021, also the first time in the network’s Merge era. The gas limit on Ethereum reached nearly 32 million gas units as of...
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