Crypto News
Latest Crypto News
Bitcoin (BTC) Bonds in El Salvador Swing Closer to Reality as Price Targets $45,000
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Bitcoin, Ether Drop Spurs $500M in Liquidations, But BTC Entering “Never Seen Before” Era
“Momentum has been consistently building in the Bitcoin builders space all year, and we are now seeing the markets reflect the excitement around the increased activity,” shared Muneed Ali, founder of Bitcoin development firm Trust Machines, in an email to CoinDesk. “Due to the rise of Ordinals and Bitcoin L2s, there are reasons to be…
South Korea Financial Regulator Proposes Consumer Protection Rules for Crypto Users
The rules are scheduled to take affect on July 19 next year. Source link
Taiwan Completes Wholesale CBDC Technical Study, Central Bank Official Says
Chu says CBDCs “can serve as the operational basis for tokenization” as traditional financial institutions increasingly experiment with digitizing real-world assets. But these innovations may also pose significant risks to financial stability, consumer protection, anti-money laundering measures and market integrity, Chu warned. Source link
Bitcoin (BTC) Price Dips Near $40K in Steepest Drawdown Since August; LINK, ADA, XRP Lead Crypto Losses
Over the space of a few minutes Sunday evening, BTC plunged to near $40,500 from around $43,800 in what could be termed a “flash crash.” Prices quickly recovered to $42,400, but then started to slide again during U.S. afternoon hours to as low as $40,200, a level it broke through on the way up a…
Explaining Bitcoin’s ‘Flash Crash’
The cryptocurrency’s volatility cuts both ways. Source link
Seamless Protocol Issues SEAM, Bags First Base-Blockchain Token Listing on Coinbase
Seamless previously operated the “OG Points” program, allowing thousands of users to earn points in their on-chain wallets. Source link
Crypto Exchange Binance Saw Major Decline in Market Share in 2023
Despite Binance’s decline in spot trading market share over the year, it still remains the largest cryptocurrency exchange by a wide margin. In second place to Binance’s 30% is Seychelles-based OKX, which has seen its market share grow to 8% in December from around 4% to start the year, according to CCData. Source link
UK FCA Slow to Take Enforcement Action on Crypto Firms, the National Audit Office Says
The FCA has required crypto firms to register to comply with the country’s anti-money laundering regulations since January 2020. Although it then began supervision work, including engaging with unregistered firms, “it did not begin taking enforcement action against illegal operators of crypto ATMs until February 2023,” according to the report. Source link
Bitcoin Price (BTC) Decline Has Crypto Stocks COIN, MSTR, and MARA Buckling
The price drop followed a swift correction in crypto markets Sunday evening, with BTC dropping nearly 10% from the $44,000 level in the space of a few minutes in what might be termed a “flash crash.” At press time, bitcoin was trading at $41,700, down about 5% over the past 24 hours. The CoinDesk Market…