VanEck’s Bitcoin ETF Temporarily Cuts Fees to Zero Due to Underperformance

VanEck has announced a temporary reduction of its management fee to zero. Despite its push for Bitcoin adoption, the asset management firm behind the spot Bitcoin exchange-traded fund (ETF) named HODL, has struggled to amass investments into the fund. According to a report by Coindesk, the assets managed under HODL stand a little over $305… Continue reading VanEck’s Bitcoin ETF Temporarily Cuts Fees to Zero Due to Underperformance

US District Court Closes Case on Alleged Crypto Asset Trading Scheme

The US District Court for the Western District of Washington has entered a final judgment against Sameer Ramani for engaging in insider trading. Ramani was implicated in a scheme to trade ahead of multiple announcements concerning at least nine crypto asset securities slated for trading on the Coinbase platform. Coinbase Confidentiality Breached: Insider Details Disclosed… Continue reading US District Court Closes Case on Alleged Crypto Asset Trading Scheme

Do Kwon’s Fate Sealed: Montenegrin Court Rules for South Korean Extradition

Concerning the fate of cryptocurrency entrepreneur Do Kwon, a Montenegrin court has ruled in favor of his extradition to his native South Korea. The decision marks the latest twist in the legal saga that unfolded following Kwon’s arrest in the Balkan nation last year. Appeals Court Reverses Decision: Extradition to US Overturned The High Court’s… Continue reading Do Kwon’s Fate Sealed: Montenegrin Court Rules for South Korean Extradition

MAS Grants Bitstamp Crypto Regulatory Approval for Singapore Expansion

Bitstamp, a European cryptocurrency exchange, has secured in-principle regulatory approval from the Monetary Authority of Singapore (MAS). It positions Bitstamp as the first major European crypto exchange to receive such approval in Singapore, signaling a new era of expansion in the region. MPI License Enables Digital Payment Token Services in Singapore The approval comes in… Continue reading MAS Grants Bitstamp Crypto Regulatory Approval for Singapore Expansion

Crypto Giants Absent as Hong Kong Attracts 24 Companies for Licenses

Twenty-Four companies have applied for licenses to operate digital asset exchanges in Hong Kong, marking a move in the city’s bid to establish a regulated hub for the industry. Notable applicants include Bybit, OKX, and Crypto.com. Hong Kong’s Bid to Become a Crypto Hub Among the list of applicants were Gate.io, HTX, and Bullish, each… Continue reading Crypto Giants Absent as Hong Kong Attracts 24 Companies for Licenses

KuCoin and Revolut Forge Alliance for Instant Euro-to-Crypto Transactions

KuCoin has teamed up with Revolut to introduce a new method for purchasing digital assets using euros. This collaboration enables users to directly acquire various cryptocurrencies listed on the cryptocurrency exchange through Revolut Pay. According to the press release, KuCoin’s collaboration with Revolut aims to simplify the process of acquiring cryptocurrencies for European users. Revolut… Continue reading KuCoin and Revolut Forge Alliance for Instant Euro-to-Crypto Transactions

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Marathon Digital Posts Impressive Q4 Results: Revenue Up 452%

Marathon Digital Holdings has released its financial results for the fourth quarter and fiscal year 2023, highlighting impressive performance in revenue, net income, and BTC production. During the fourth quarter of 2023, Marathon Digital reported an increase of 452% in revenue compared to the same period in 2022. The company sold 56% of the Bitcoins… Continue reading Marathon Digital Posts Impressive Q4 Results: Revenue Up 452%

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Winklevoss Twins’ Gemini Commits to Return $1.1 Billion to Earn Customers

Gemini Trust, owned and controlled by the Winklevoss twins, has settled with the New York State Department of Financial Services (DFS), committing to return $1.1 billion to the Earn customers, 100 percent of their locked-up holdings. Settlement amid Monetary Commitments Announced yesterday (Wednesday), Gemini will contribute $40 million towards the bankruptcy proceedings of Genesis, which… Continue reading Winklevoss Twins’ Gemini Commits to Return $1.1 Billion to Earn Customers

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Binance Faces Regulatory Storm as Executives Detained in Nigeria: Report

Two senior executives at Binance have been detained in Nigeria as the country intensifies efforts to curb speculation on its currency, the Financial Times reported. This move followed Nigeria’s recent ban on several cryptocurrency trading websites following the rapid devaluation of the naira and soaring inflation rates. Cryptocurrency Crackdown in Nigeria Nigeria’s crackdown on cryptocurrency… Continue reading Binance Faces Regulatory Storm as Executives Detained in Nigeria: Report

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FCA Registered OANDA Crypto Platform to Offer Crypto Trading in the UK

The US-based forex broker OANDA has announced its foray into the cryptocurrency trading realm in the United Kingdom with the launch of its new platform, OANDA Crypto. The platform, registered with the country’s financial regulator, the Financial Conduct Authority (FCA), is poised to offer an array of cryptocurrency trading options to British investors. OANDA Ventures… Continue reading FCA Registered OANDA Crypto Platform to Offer Crypto Trading in the UK

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