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Banks will limit their crypto exposure as long as anti-money laundering risks are at play, according to investment bank TD Cowen."We believe greater crypto clarity could entice banks to act as crypto custodians, but banks will still want legal clarity given the severe liability banks face if they doā¦
Cryptocurrency and blockchain venture capital funding rebounded in 2024 with $13.6 billion in cumulative investments, as declining interest rates and better US regulatory clarity created more favorable conditions for VC firms. This trend is expected to continue in 2025, with PitchBook forecasting $1ā¦
Recently confirmed U.S. Treasury Secretary Scott Bessent will be taking on a second role as acting director of the Consumer Financial Protection Bureau, according to a statement released on Monday.Ā President Donald Trump tapped Bessent to lead the CFPB temporarily, according to a statement from the ā¦
Bitcoin's price has rebounded slightly, now hovering just above $98,000 after a day of intense market volatility.The scale of the turbulence is underscored by Coinglass data, which reports total cryptocurrency liquidations over the past 24 hours at more than $2.38 billion, with over $1.19 billion inā¦
US crypto exchange Kraken has acquired a Markets in Financial Instruments Directive (MiFID) license for the European Union. With the license, the exchange will be able to offer derivative products to advanced crypto traders throughout the EU.According to a Feb. 3 blog post, Kraken secured the licensā¦
US spot Bitcoin exchange-traded funds (ETFs) had nearly $5 billion worth of inflows over January, which could put them on track to see over $50 billion in inflows this year, says Bitwise investment chief Matt Hougan.āSo far, so good: Spot Bitcoin ETFs pulled in $4.94 billion in January, which annualā¦
The crypto market saw over $1 billion in long and short liquidations in the past 24 hours, following U.S. President Donald Trumpās announcement of upcoming tariffs on imported goods, which appeared to cause a broad sell-off in risk assets.According to Coinglass data, over 450,000 traders were liquidā¦
South Koreaās bitcoin kimchi premium hit a 10-month high as bitcoin on South Korean exchanges remained relatively steady amid a broader crypto sell-off.According to data from CryptoQuant, kimchi premium hit 9.7% for bitcoin at around 2 a.m. on Monday in South Korea. This marks the highest South Koreā¦
The crypto exchange Kraken saw $1.5 billion in revenue in 2024, according to the firm's financial report published on Jan. 31.Ā The firm's CEO, Dave Ripley,Ā noted on the social media platform X that Kraken's 2024 revenue of $1.5 billion more than doubled the previous year's revenue.Ā He adds that the ā¦
CoinDesk Bitcoin Price Index is up $674.02 today or 0.65% to $104896.72Up two consecutive days, up 3.65% over this periodBest two day stretch since the two days ending Jan. 17, 2025, when it rose 5.17%Up 12.29% month-to-dateUp 12.29% year-to-dateDown 1.72% from its all-time high of $106734.51 on Decā¦
Teleport, the Solana-based Uber and Lyft competitor, is shutting down, the company announced on Thursday.Ā āThis is not the outcome we had hoped for, but weāre incredibly grateful for this community and everyone who believed in the vision and showed up with enthusiasm,ā the company wrote. āYour suppoā¦
Online brokerage Robinhood is launching futures trading for Bitcoin and other assets.Ā According to the Jan. 29 announcement, Robinhood is rolling out futures trading for several assets, including the āS&P 500, oil, Bitcoin, and more,ā as indicated on its website. The platform mainly specializes in ā¦