The United Kingdom’s financial regulator lifted a ban on crypto exchange-traded notes (cETNs) for retail investors in a move welcomed by industry leaders as a step toward aligning the UK with global crypto markets as a digital asset hub. On Friday, the UK’s Financial Conduct Authority (FCA) reversed the ban on retail access to cETNs,…
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China warned of the increasing use of biometric data by crypto-linked projects, cautioning that iris-scanning programs operating under the guise of digital asset distribution may threaten personal privacy and even national security. In a public security bulletin published Wednesday, China’s Ministry of State Security (MSS) outlined several emerging risks associated with biometric recognition technologies, including facial,…
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Former US Securities and Exchange Commission (SEC) chief of staff Amanda Fischer drew crypto community ire after comparing liquid staking to factors that exacerbated the 2008 global financial crisis. In a Tuesday staff statement, the SEC stated that it does not consider certain liquid staking activities to be security offerings and, as such, they do…
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Fundstrat co-founder and BitMine chairman Tom Lee said Bitcoin may still be able to reach $250,000 in 2025, despite other crypto analysts cautiously pulling back targets. “I think Bitcoin should really build upon this 120 before the end of the year. 200,000, maybe, 250,” Lee told Natalie Brunell on the Coin Stories podcast on Tuesday. …
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The Indonesian government has been exploring Bitcoin as a reserve asset, according to Bitcoin Indonesia, which recently met with officials to discuss how the strategy can drive economic growth in the country. “We were invited to the Vice President’s office to present how Bitcoin could benefit the country,” Bitcoin Indonesia said in an X post…
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Crypto derivatives trading volumes on the Binance exchange surged to six-month highs in July, signaling increased trading activity and potentially more volatility in the wake of recent market swings. Binance futures trading volumes hit $2.55 trillion in July, the highest level since January, reported CryptoQuant analyst J.A. Maartun on Tuesday. “The jump in volume followed…
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Crypto investors are likely underestimating the extent of the US securities regulator’s new stance on crypto, meaning that crypto prices could still have room to grow, according to the chief investment officer of Bitwise. US Securities and Exchange Commission chair Paul Atkins published a speech he gave on July 31 at the America First Policy…
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The creator of a now-defunct lending platform has agreed to pay over $10.5 million to settle US Securities and Exchange Commission claims that he took investor funds to buy millions worth of the stablecoin TerraUSD before it collapsed. Huynh Tran Quang Duy, also known as Duy Huynh, told customers of his firm, MyConstant, that their…
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Altcoins’ failure to rally after Bitcoin’s recent drop to $112,000 has sparked debate about whether altcoin season is on the near-term horizon. Bitcoin (BTC) briefly fell to $112,044 on Sunday, followed by a volatile few days before reaching $113,839 at the time of publication, according to Nansen. The decline comes just weeks after the cryptocurrency…
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The crypto industry is hailing the US Securities and Exchange Commission’s latest guidance on liquid staking as a rare regulatory win, with stakeholders calling it a major step forward for decentralized finance and institutional adoption of digital assets. Released Tuesday, the SEC staff issued a guidance on liquid staking, writing that under certain conditions, liquid…
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