The New York Department of Financial Services (NYDFS) reached a $48.5 million settlement with crypto infrastructure company Paxos over its partnership with the Binance crypto exchange and failure to uphold sufficient anti-money laundering provisions. Paxos has agreed to pay the state of New York a $26.5 million penalty and will spend an additional $22 million…
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The European Banking Authority (EBA) has finalized rules requiring banks to hold significantly more capital against so-called “unbacked” cryptocurrencies like Bitcoin and Ether. In its final draft of regulatory technical standards released on Tuesday, the EBA said the rules aim to “address implementation aspects and will ensure harmonisation of the capital requirements on crypto-asset exposures…
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Bitcoin’s decentralized finance (DeFi) ecosystem is experiencing renewed venture capital (VC) interest, signaling more demand for the world’s first cryptocurrency as it gains utility as a yield-bearing asset. Bitcoin DeFi, or BTCFi, is a technological paradigm that seeks to bring decentralized finance capabilities to Bitcoin’s base layer. According to a new report from Bitcoin DeFi…
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XRP, the world’s third-largest cryptocurrency by market cap, rose past $3 for the first time in over a week amid speculation that the US Securities and Exchange Commission (SEC) may drop its long-standing case against Ripple Labs. The XRP (XRP) token recovered above the $3 psychological mark on Thursday after rising more than 4.5% in…
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US President Donald Trump will sign an executive order that could open the door for cryptocurrencies to be included in 401(k) retirement plans, potentially reshaping how Americans invest their savings. The White House Press Office confirmed to Cointelegraph on Thursday that the order directs the US Labor Department to reevaluate restrictions around alternative assets in…
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Layer-2 blockchain network Build on Bitcoin (BOB) has raised $21 million in strategic funding rounds since December 2024, with $9.5 million secured in its latest round, according to a news release sent to Cointelegraph. Many existing investors have increased their financial commitments in the latest $9.5 million strategic round, including Castle Island, along with new…
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Key points: Bitcoin is attempting a support retest that looks very similar to late 2024, trader Galaxy said. Last time, BTC price action went from $70,000 to $108,000 after a successful retest. Separate analysis does not see a return to recent swing lows. Bitcoin (BTC) price action may open up a fresh 50% surge if…
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The United Arab Emirates (UAE) took a significant step toward harmonizing its approach to crypto regulation. The country’s Securities and Commodities Authority (SCA) and the Dubai Virtual Assets Regulatory Authority (VARA) announced a strategic partnership to unify the UAE’s approach to crypto regulations. Last September, the regulators expressed their intention to work together toward unifying…
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Sentiment among crypto market participants has again turned bullish following a modest price increase in several major cryptocurrencies over the past 24 hours. The Crypto Fear & Greed Index rose to “Greed” on Thursday with a score of 62 out of 100, recovering from a drop into “Neutral” the day before. It followed several volatile…
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Bitcoin short-term holders in profit have eased their selling activity as Bitcoin’s price continues to slowly climb above its local low of $112,000, according to onchain analytics platform Glassnode. Profit-taking among Bitcoin Short-Term Holders (STH) — those holding for less than 155 days — has “cooled off,” Glassnode said in a markets report on Wednesday.…
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