Crypto.com said Monday that it has secured conditional approval for a national bank trust charter from the US Office of the Comptroller of the Currency (OCC). In a Monday statement, the cryptocurrency exchange said that once fully approved as a federally regulated institution, it would be established to operate as a custodian across the US,…
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Bitcoin (BTC) battled US sellers at Monday’s Wall Street open amid mixed feelings over the short-term BTC price outlook. Key points: Bitcoin price targets include a $60,000 drop as well as a recovery amid uncertain moves. Bitcoin attempts to absorb repeat rounds of selling into the TradFi trading week. US tariffs remain the key macro…
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Key takeaways Measuring real Bitcoin payments is difficult because many transactions go through intermediaries, crypto cards or instant conversions. Surveys show that a sizable minority of crypto holders have used crypto to buy goods or services at least once but rarely distinguish Bitcoin from other assets. El Salvador’s experience suggests that making Bitcoin legal tender…
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Bitcoin (BTC) may form a bottom in the coming weeks as Tether’s USDt (USDT) market cap dropped to levels that preceded BTC’s 2022 bear market lows. Key takeaways: Tether’s USDt triggers a signal that last time preceded a 100% Bitcoin price rally. BTC price is testing two major support zones that have historically triggered significant…
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Austria’s financial regulator has prohibited KuCoin EU Exchange from conducting new business, citing breaches of internal organizational requirements around Anti-Money Laundering (AML), counter-terrorist financing (CTF) and the observance of financial sanctions. The Thursday decision by the Austrian Financial Market Authority (FMA) means KuCoin’s Vienna-based entity cannot onboard new customers or conclude new contracts or products…
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Strategy bought 592 Bitcoin for about $39.8 million last week, marking its 100th purchase since the company adopted its Bitcoin-focused treasury strategy in August 2020. The latest purchase brings the company’s total holdings to 717,722 BTC, acquired at an aggregate cost of $54.56 billion, according to a US Securities and Exchange Commission filing on Monday.…
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Corporate Bitcoin treasury companies have posted a rare three-week selling streak, a shift analysts say could deepen Bitcoin’s pullback if fresh demand does not emerge. Bitcoin (BTC) treasury companies logged three consecutive weeks of selling, according to Capriole Investments’ Bitcoin Treasuries buy and sell indicator shared by educational platform Coin Bureau. The metric tracks net…
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South Korea’s central bank has reportedly renewed its push to keep Korean won-pegged stablecoin issuance in the hands of commercial banks, warning lawmakers that privately issued digital tokens could undermine monetary policy and create new foreign-exchange and financial-stability risks. In a report submitted to South Korea’s National Assembly Strategy and Finance Committee, the Bank of…
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Bitcoin slid below $65,000 over the weekend before stabilizing Monday as traders on prediction market Polymarket increased bets that the cryptocurrency’s pullback has further to run. The odds of Bitcoin (BTC) falling below $55,000 climbed to 72% on Polymarket Monday, with $1.2 million in volume on platform. Other bearish bets include price declines below $50,000…
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Bitcoin (BTC) heads into the end of February on new local lows as $50,000 BTC price targets stay in place. Bitcoin sellers pile in at the weekly close, with consensus seeing rebounds ultimately failing. Geopolitics and inflation woes pile up for global assets, with tariffs spoiling the mood. Bitcoin whales dominate exchange inflows, leading to…
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