Cryptonews Deals

Standard Chartered tips $200K Bitcoin by late 2025 if ETFs approved

• by admin
• January 9, 2024

The bank made the forecast based on its expectation that spot Bitcoin ETFs could attract inflows of $50-100 billion in 2024. Multinational bank Standard Chartered predicts that Bitcoin (BTC) could reach nearly $200,000 by the end of next year if Bitcoin exchange-traded funds are approved and are successful in the United States. The bank based […]

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‘We aim to be the utility supplier for crypto users’ — Interview with CoinEx CEO

• by admin
• January 3, 2024

Crypto exchanges can achieve a devoted user base by putting users at the center of their strategies. The crypto landscape’s growth attracts many new players from both centralized and decentralized fronts. Standing out from the competition becomes vital for any emerging trading platform to thrive, and it can only be achieved through recognizing user needs, […]

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Bitcoin-focused company shares surge in pre-market as BTC breaks $45K

• by admin
• January 3, 2024

MicroStrategy and Coinbase marked 6% and 9% gains, respectively, before the bell in New York. The share prices of Bitcoin-focused MicroStrategy and crypto exchange Coinbase surged during the pre-market trading session following a Bitcoin BTC $44,829 price rise above $45,000 and the Bitcoin exchange-traded fund (ETF) decision deadline of Jan 10. Shares of Coinbase and […]

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IRS rules require reporting data from $10k crypto transactions in 2024

• by admin
• January 3, 2024

According to Coin Center executive director Jerry Brito, it’s “unclear how one can comply” with the crypto tax reporting guidelines in 2024. Aspects of the infrastructure bill signed into law by United States President Joe Biden are now in effect — including provisions requiring many digital asset transactions worth more than $10,000 to be reported […]

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Orbit Bridge hack pushes December crypto theft to nearly $100M

• by admin
• January 2, 2024

The Orbit Bridge exploit on New Year’s Eve pushed December’s total crypto losses to hackers, scammers, and exploiters to almost $100 million. The recent attack on Orbit Chain’s cross-chain bridge has pushed up the amount of crypto stolen in December to almost $100 million, according to blockchain security firms. On Jan. 1, blockchain security firm […]

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Federal reform could transform crypto’s cannabis use case

• by admin
• December 31, 2023

As senators call for an end to the federal prohibition of marijuana, how would it affect the crypto-cannabis connection that’s arisen in the weed industry’s banking blindspot? The recent vow by United States Senate leader Chuck Schumer to end federal prohibition of cannabis could have knock-on effects for Bitcoin and the wider cryptocurrency industry. Schumer […]

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‘We aim to be the utility supplier for crypto users’ — Interview with CoinEx CEO

• by admin
• December 31, 2023

Crypto exchanges can achieve a devoted user base by putting users at the center of their strategies. The crypto landscape’s growth attracts many new players from both centralized and decentralized fronts. Standing out from the competition becomes vital for any emerging trading platform to thrive, and it can only be achieved through recognizing user needs, […]

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Nigeria’s Yellow Card anticipates crypto boom as central bank lifts ban

• by admin
• December 31, 2023

Chief data protection officer and vice president of legal, commercial and product at Yellow Card, Lasbery Oludimu, emphasized that the central bank guidelines could encourage collaboration with traditional financial institutions to explore opportunities within the crypto space. Nigerian crypto exchange Yellow Card believes the Central Bank of Nigeria’s (CBN) recent guidelines lifting the crypto transaction ban […]

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New protocol launches for cross-chain trading of inscription tokens

• by admin
• December 28, 2023

A new trading protocol aims to support the growth of popular inscription tokens by aggregating liquidity from various trading platforms across blockchain networks. Bitcoin has kicked off a dynamic ecosystem with blockchain, its underlying technology. The evolution has only accelerated with the emergence of the Ethereum network and smart contracts. After meme tokens, nonfungible tokens […]

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Crypto ‘trading platforms’ were part of $2.2B illegal Chinese forex ring: Report

• by admin
• December 27, 2023

The latest bust is another salvo in China’s war on capital flight — which some believe is the real reason behind the country’s continued ban on cryptocurrencies. Chinese authorities reportedly cracked down on a $2.2 billion underground banking operation that allegedly used foreign “virtual currency trading platforms” to help its clients bypass the country’s capital […]