Kraken, a leading cryptocurrency exchange, has made a significant stride in its European strategy by securing a Markets in Financial Instruments Directive (MiFID) license. Announced on February 3, this development underscores Kraken’s keen intent to elevate its regulated derivatives offerings throughout crucial European markets. The acquisition of a Cypriot investment firm, approved by the Cyprus
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The cryptocurrency markets are known for their volatility, and recent events have underscored this reality, particularly for Ripple (XRP). On February 3, XRP saw a significant price drop, plummeting from a high of $2.40 to a troubling low of $2.00. This represented a stark daily decline of 15%, causing ripples of concern among investors. For
The cryptocurrency market is often portrayed as a volatile and unpredictable landscape, and recent events surrounding Ethereum (ETH) serve as a powerful reminder of these characteristics. On a fateful Sunday, ETH experienced a catastrophic drop exceeding 30% in less than a day, as widespread panic reverberated through the crypto community. This article delves into the
In the turbulent sea of cryptocurrency trading, where major players often control the tides, DeXe Protocol’s native token, DEXE, has recently showcased an unusual defiance against bearish pressures. On February 3rd, amidst a broader market downturn triggered by economic policies, notably U.S. President Donald Trump’s imposition of trade tariffs, DEXE executed a stunning recovery. While
In a recent announcement, Ben Zhou, the CEO of Bybit, has raised eyebrows by contesting the reported figures surrounding crypto market liquidations. While mainstream reports have suggested that liquidations reached a modest $2 billion, Zhou argues that the actual numbers could rest between an alarming $8 billion and $10 billion. As the head of a
India is poised for a critical reassessment of its cryptocurrency policy, a shift propelled by changing international perceptions of digital assets. Recent reports, particularly from Reuters, indicate that the Indian government is now considering modifications that reflect a more favorable sentiment towards cryptocurrencies. This inquiry comes on the heels of evolving regulatory frameworks in countries
In the digital age, financial markets are often influenced by political decisions, and the recent tariff policies initiated by President Donald Trump seem to bear significant implications for the cryptocurrency sector, particularly Bitcoin. Jeff Park, Head of Strategy at Bitwise, posits that the introduction of these tariffs could serve as a formidable catalyst for Bitcoin’s
The cryptocurrency landscape has shown significant volatility recently, with meme coins facing particularly severe downturns. As of February 3, several prominent figureheads in the meme coin arena, including Shiba Inu (SHIB), Bonk Inu (BONK), and others like Floki (FLOKI) and dogwifhat (WIF), have experienced alarming price drops. The total market capitalization of the meme coin
The recent sentencing of Antonia Perez Hernandez by a New York court sheds light on the growing issue of cryptocurrency-related fraud and the personal stories behind the crimes that devastate lives. Hernandez, a Prominent figure in the Forcount Ponzi scheme, received a 30-month prison sentence after pleading guilty to conspiracy to commit wire fraud. This
As Bitcoin ventures into the turbulent waters of cryptocurrency trading, the $100,000 price point has become a critical psychological barrier for investors. Recently, Bitcoin experienced a dip of 2.35%, landing at approximately $99,403. This decline marks another test of this significant threshold, prompting traders to focus on immediate support levels that could determine Bitcoin’s future