Crypto.com, a leading global cryptocurrency platform, has secured a full Payment Service Provider (PSP) license from the Central Bank of Bahrain (CBB). This milestone marks a key expansion for the Singapore-based company in the Middle East and North Africa (MENA) region. Operating through its subsidiary, FORIS GFS BH B.S.C. CLOSED, ... Read more
On September 19, MicroStrategy wrapped up a significant financial maneuver by finalizing an upsized offering of convertible senior notes worth $1.01 billion. This substantial deal, enhanced by an option to purchase additional notes, saw an extra $135 million in notes issued. The offering was conducted privately, targeting institutional buyers under ... Read more
The U.S. Securities and Exchange Commission has given Nasdaq the green light to list and trade options on BlackRock’s spot Bitcoin exchange-traded fund. This development means a major stride toward larger options for institutional and individual investors in cryptocurrency trading on Bitcoin options. Commenting on the timing of the delay, ... Read more
A Texas federal court has dismissed the lawsuit filed by Consensys, a blockchain development firm, against the Securities and Exchange Commission (SEC) and its five commissioners, including Chair Gary Gensler. The company initiated the lawsuit in April 2024 to combat what it described as the SEC’s regulatory overreach regarding Ethereum. ... Read more
VeChain (VET) is on an impressive upward trajectory, experiencing a notable surge in value over the past week. Currently, VET has risen by nearly 9%, indicating a growing optimism among traders that could lead to significant momentum in the near future. Recent data from Santiment highlights that the crypto market ... Read more
NEAR Protocol (NEAR) is showing strong signs of a breakout, positioning itself for significant upward movement. Over the past week, NEAR has gained nearly 7%, and within the last 30 days, it has risen by approximately 12%. This upward trend coincides with a broader market rally, largely influenced by the ... Read more
For the first time in four years, the US Federal Reserve is ready to cut interest rates, which already sent ripples in the strong reaction within the cryptocurrency market. This would be the first rate cut since it was increased on March 15, 2020, and is amongst the critical policy ... Read more
According to the latest Glassnode report, the cryptocurrency market has entered a phase of stagnation, with digital assets showing a lack of enthusiasm on the demand side. Capital inflows and outflows have dried up, investors are holding on or “HODLing” as actively tradable supplies decrease, while coins mature into Long-Term ... Read more
Tether’s Q2 audit for 2024 disclosed that its reserves were 118.4 billion, exceeding its liabilities by 5.3 billion. It held more than 97.6 billion U.S. Treasuries, making it the 18th largest holder of U.S. Treasuries in the world, ahead of countries like Germany, the UAE, and Australia. This growing treasury ... Read more
According to the latest data from Spot On Chain, the Tether Treasury minted an additional $1 billion USDT on the Ethereum network just three hours ago. This development is notable because it coincides with growing anticipation of a potential interest rate cut by the Federal Reserve during their upcoming meeting ... Read more
