Tag Archives: crypto

BitOasis obtains a full VASP license, enhancing its MENA activities. CoinDCX acquires BitOasis, strengthening its presence in the MENA region. Virtual asset-leading platform BitOasis has won the Virtual Asset Service Provider definitive license offered by Dubai’s Virtual Assets Regulatory Authority. This would be a step from onboarding under a provisional license from VARA back in 2022, followed then by winning an MVP license at the turn of 2023- this makes a march forward for BitOasis that...

Tkachev indicates a Bitcoin reserve to ensure Russia’s financial stability. Russia’s crypto policies are evolving, including tax breaks and mining authorization. Russian State Duma Deputy Anton Tkachev has suggested that the national Bitcoin reserve be created in order to strengthen financial stability in Russia further. The deputy of the New People party proposed the initiative and sent it to Finance Minister Anton Siluanov. He suggested that Bitcoin could become an independent asset,...

The Financial Times (FT) has issued a controversial “apology” after Bitcoin breached the $100,000 mark on December 5, 2024. The apology, published on FT Alphaville, the publication’s daily news commentary service, was perceived by many as a backhanded admission of its failure to foresee Bitcoin’s rise. FT’s ‘Apology’ The article, written by Bryce Elder, City Editor of FT Alphaville, was framed as an apology to those who had, for over a decade, taken the publication’s critical...

Massachusetts Senator Elizabeth Warren is reportedly set to become the Ranking Member on the Senate Banking Committee, replacing Sherrod Brown after his exit. The shift comes despite major efforts by the cryptocurrency industry, which spent about $40 million to unseat Brown. Warren’s Upcoming Role Many crypto advocates saw the departure of the three-term Ohio senator, an outspoken critic of the digital asset industry, as a key turning point in the sector’s future. His...

Crypto advocates may soon be celebrating a major political shift, with results from the 2024 U.S. election showing hundreds of pro-crypto candidates winning seats in Congress. The results have come in the wake of the sector flexing its political and financial muscles, spending more than $238 million to grow its influence in the American legislative space. Crypto Spending Boosts Key Senate Races Initial projections from the Fox News Decision Desk and live results from the...

According to a new report by the Financial Intelligence Unit (FIU), South Korea’s cryptocurrency investor base has surged to 7.78 million. This figure marks a 21% increase from the previous year. The “Virtual Asset Business Survey” shows domestic crypto investors increased by 1.33 million compared to the second half of 2023, driven largely by an explosive growth in Bitcoin’s value. Investor Profile and Market Behavior This growth coincides with a 67% increase in the average...

Swiss-based decentralized trading platform dYdX has announced a 35% reduction in its core workforce. Platform CEO Antonio Juliano initially shared the news in a brief post on X, calling the decision “sad” while promising to provide more measured reasoning for the action later. A Leaner dYdX In the social media post, the CEO stressed that the layoffs were not a financial decision, a point reinforced in a subsequent blog entry titled “Letting Go.” Here, Juliano attributed the...

A recent investigation has linked popular YouTube personality James Stephen Donaldson, better known as MrBeast, to over $23 million in alleged profits from various cryptocurrency trades that may involve insider trading. According to a report by advisory firm Loock.io, a group of on-chain investigators claims that MrBeast and his influencer network used their social media presence to promote and profit from several crypto tokens at the expense of investors. $23 Million in...

Minneapolis Federal Reserve President Neel Kashkari has found himself on the wrong end of a backlash after stating that most cryptocurrency transactions involve drugs or illegal activities. The comment from the official, a known crypto skeptic, did not go unchallenged, with several members of the community calling him out for it. Fed Official Says Crypto Mostly Used for Illegal Activity Kashkari was at a town hall meeting in Chippewa Falls, Wisconsin, when a member of the...

Federal prosecutors have indicted New York City Mayor Eric Adams following corruption investigations that have triggered the retirements and resignations of several members of his administration. Adams, a former police captain, made the headlines in 2021 when he pledged to take his first three paychecks in Bitcoin (BTC) when he became mayor. Charges Remain Unclear According to reports from the New York Times, it is still unclear what Adams is being charged with since the...