Recently, Russia’s Ministry of Finance put forward a proposal that traditional exchanges should be allowed to handle digital asset trading for a specific group of investors. This proposal, outlined in response to two regulations, suggests the creation of special regulations for organized trading in digital currencies as commodities based on exchange or trading system licenses.
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Recently, the cryptocurrency market has seen a significant surge, adding approximately $200 billion in just four days. This increase has brought about a wave of positivity in the industry, with Bitcoin (BTC) jumping up by 4.5% and briefly surpassing the $63,000 mark. Ethereum (ETH) also saw gains as it reclaimed the $3,300 level. Additionally, meme
Despite recent bearish trends in the Bitcoin market, JP Morgan has maintained a bullish stance on the cryptocurrency’s price outlook. The multinational finance company has announced a timeline for the conclusion of the ongoing BTC liquidations, predicting a subsequent rebound in the market. According to a recent research report by JP Morgan, BTC liquidations are
In the midst of ongoing price weakness in the digital asset market, investment products experienced a surge in buying activity, with inflows reaching $1.44 billion in a single week. This brought the year-to-date (YTD) inflows to an impressive $17.8 billion, breaking the previous record set three years ago. Despite the strong inflows, trading volumes remained
In the fast-paced world of finance, staying on top of the latest developments is crucial. Enter Wirex and Visa, two prominent players in the digital transaction processing space. Their recent partnership aims to drive the advancement of digital currencies in the UK and the European Economic Area, facilitating seamless and secure digital payments. By combining
The Sandbox has recently unveiled a groundbreaking update that allows users to engage in direct LAND transactions directly through its platform. This significant development eliminates the need for third-party markets, such as OpenSea, streamlining the process of buying and selling virtual real estate within the metaverse. By offering an in-house capability to list, buy, and
Recently, South Korean lawmakers introduced a bill that suggests postponing the implementation of crypto gain tax until 2028. The ruling political party backed this proposal on July 12, attributing the decision to the prevalent negative sentiments surrounding the crypto industry. They argued that due to the declining investment sentiment towards virtual assets, rushing into taxing
Bitcoin has surged to $63,000 in early trading on Monday, showing signs of breaking the recent downtrend. Analysts attribute this upward movement to institutional investors, particularly U.S. whales, who have increased their Bitcoin purchases. The Coinbase premium gap, which measures the difference between the Coinbase Pro and Binance prices, indicates strong buying pressure from American
In recent days, the cryptocurrency market has witnessed a surge in prices, with XRP leading the way by outperforming major cryptocurrencies such as Bitcoin, Ethereum, and Solana. XRP saw a substantial price increase of 27%, sparking optimism among industry analysts and traders alike. One analyst, known as Dark Defender, pointed out that XRP broke the
Metaplanet, a prominent investment firm based in Japan, recently made headlines with its significant Bitcoin purchase worth 42.4 Bitcoin for ¥400 million ($2.4 million). This move aims to strengthen the company’s long-term financial strategy by adding the cryptocurrency to its holdings as a “strategic treasury reserve asset.” Metaplanet’s decision to invest in Bitcoin is driven