UAE Central Bank Approves Stablecoin Issuer
The Central Bank of the United Arab Emirates (CBUAE) has given in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework, as announced in the company’s press release. With this preliminary license, AED Stablecoin is positioning itself as a leading candidate to issue the first regulated stablecoin in the UAE, pegged to the […]
FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Approval Announcement
A 25-year-old man from Athens, Alabama, has been arrested by the FBI for hacking into the Securities and Exchange Commission’s (SEC) official X account earlier this year in January. According to an Oct. 17 announcement, the individual, identified as Eric Council Jr., was charged with conspiracy to commit aggravated identity theft and access device fraud. […]
Italy Set to Increase Bitcoin Capital Gains Tax from 26% to 42%
Italy is planning to raise its capital gains tax on Bitcoin (BTC) from 26% to 42%. This increase could prompt some crypto investors to leave the country or seek alternative strategies to mitigate the impact. The announcement came as part of Italy’s draft budgetary plan (DBP), which was unveiled on Wednesday. This plan outlines new […]
94% of Asian Private Wealth Engaged or Eyeing Crypto Investments
A recent study from Aspen Digital reveals that 76% of private wealth in Asia has already ventured into digital assets, with an additional 18% planning to invest in the future. Interest in cryptocurrencies and other digital assets has surged in Asia’s private wealth sector since the Hong Kong-based firm last conducted a similar survey in […]
US Falling Behind in Worldwide Stablecoin Adoption — Chainalysis Report
Since the launch of spot Bitcoin exchange-traded funds (ETFs), the United States has experienced unprecedented levels of Bitcoin activity. However, stablecoin adoption in the U.S. has slowed in 2024 compared to global trends, as highlighted by a Chainalysis report from October 17. There has been a noticeable change in stablecoin use in the U.S. this […]
Tesla Transfers Entire $765M Bitcoin Holdings to Unidentified Wallets
Tesla, the electric vehicle giant, has shifted its entire Bitcoin reserve, valued at over $765 million, into multiple untraceable wallets. Data from Arkham Intelligence revealed that a total of 11,500 Bitcoins associated with Tesla were moved on October 15, spread across 26 transactions, including a few test transfers. The initial test occurred at 8:41 PM […]
Bitcoin Dominance Reaches 3.5-Year High as Altcoins Struggle
Bitcoin’s market dominance surged to its highest point since April 2021, driven by a rising price while the altcoin market remained subdued. On October 15, Bitcoin dominance reached 58.77%, its strongest position in over three years, coinciding with the cryptocurrency hitting a 10-week high of $67,800, as per TradingView data. The price briefly pulled back […]
Bitcoin Profit-Taking nears $74K peak as Speculators Transfer $500M to Binance
Bitcoin speculators are seizing the opportunity to lock in gains as BTC’s price climbs to its highest in three months. According to data from the onchain analytics firm Glassnode, Bitcoin short-term holders (STHs) have begun capitalizing on the recent price surge, with BTC surpassing $65,000. STHs, defined as investors holding Bitcoin for 155 days or […]
US Spot Bitcoin ETFs Attract $556M in Largest Inflow Day Since June
Spot Bitcoin exchange-traded funds (ETFs) in the United States saw their largest single-day inflows in over four months, with more than half a billion dollars pouring in. On October 14, the 11 ETFs recorded combined net inflows of $555.9 million, marking their biggest daily increase since early June, according to Farside Investors. This surge occurred […]
Crypto-Linked Stocks see price rally as Bitcoin tops $66K
On October 14, publicly traded cryptocurrency-related companies in the U.S. experienced significant gains as Bitcoin surged by 6%, briefly reaching $66,400, its highest level since late July. CleanSpark, a Bitcoin mining company, saw the biggest rise of the day, ending up 12.72% at $10.81, and continued its momentum after hours with a 1.72% increase to […]