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VanEck Predicts Bitcoin’s All-Time High, Unveils 15 Major Forecasts
Investment management firm VanEck has released an extensive cryptocurrency outlook containing 15 major predictions for 2024. Spanning market dynamics like Bitcoin exchange-traded funds (ETFs), the Ethereum merge aftermath, regulation, gaming, and more, the analysis paints a vivid picture of what may be in store for the growing digital asset ecosystem. https://twitter.com/vaneck_us/status/1732811502602559912?s=20 The Debut of Spot......
Binance Cancels License Application in Abu Dhabi
Cryptocurrency exchange Binance has withdrawn a last-year application for an operating license in Abu Dhabi, Reuters reported Thursday. This marks the latest regulatory setback for the cryptocurrency exchange as global scrutiny intensifies. A spokesperson said the decision was "unrelated" to Binance's recent $4.3 billion settlement with U.S. authorities over anti-money laundering violations that triggered a......
SEC Nears Bitcoin ETF Approvals: Report
The U.S. Securities and Exchange Commission (SEC) has reportedly progressed to discussing intricate product mechanics with asset managers hoping to launch bitcoin exchange-traded funds (ETFs). The report suggests key approvals may soon emerge. Crediting information from anonymous industry executives, Reuters reported Thursday that talks have advanced from previous levels to substantive details. Areas under review......
Montenegro to Extradite Terra’s Do Kwon to the United States
Montenegro's top justice official privately intends to extradite collapsed crypto firm Terraform Labs founder Do Kwon to the United States instead of his native South Korea, according to people familiar with discussions. Kwon faces criminal fraud charges in both countries regarding the $40 billion downfall of his TerraUSD and Luna tokens in May 2022. He......
🥛 A billionaire calls out crypto and Dogecoin turns 10 👀
Today’s edition is brought to you by Dopex - a decentralized options exchange with cheap premiums and capital efficient LP returns.Try it out while APRs are still in the triple digits!GM. This is Milk Road, where every crypto update is as electrifying as the opening credits to The Fresh Prince of Bel Air. Here’s what......
Bitzlato Exchange CEO Pleads Guilty to $700,000,000 Money Laundering
The founder of Hong Kong cryptocurrency exchange Bitzlato pleaded guilty this week to operating an unlicensed money-transmitting business that enabled over $700 million in illicit funds. According to a press release by the United States Department of Justice, Anatoly Legkodymov, a Russian national known by aliases including "Tolik" and "Gandalf," admitted the exchange served as......
Robinhood Brings Fee-Free Crypto Trading to Europe
Robinhood is set to launch commission-free crypto trading in the European Union (EU), marking its second international foray within a week. Following the recent debut of its stock-broking services in the UK, the popular trading app is now set to enable European investors to seamlessly buy and sell over 25 cryptocurrencies. These include notable cryptocurrencies......
Will Bitcoin ETF Approval Be a ‘Sell-the-News’ Event? Analyst Breaks Down Why BTC Surged Past $44,000
Market conditions have turned favorable for Bitcoin, which has once again surged past the $44,000 mark. It reached a high of $44,408 before settling back at $44,100. The price surge has been attributed to the upcoming approval of a Bitcoin spot ETF by the Securities and Exchange Commission (SEC), according to a recent analysis. QCP......
JPMorgan CEO States He Would Shut Down Crypto If Given the Power
JPMorgan Chase CEO Jamie Dimon sparked fresh crypto controversy this week when he urged lawmakers to outright ban Bitcoin. He cited a few issues, including rampant usage by criminals. Testifying Wednesday before a Senate Banking Committee hearing, Dimon claimed cryptocurrencies serve as an aid for criminals, drug traffickers, and other illegal activities. Read more: Binance......
Binance To Compensate Users After Euro Stablecoin AEUR’s Abrupt Price Spike
Cryptocurrency exchange Binance announced a compensation plan for traders affected by sudden volatility in its euro-pegged stablecoin AEUR. The incident occurred early on December 6th, when AEUR experienced a 200% price surge. The sudden surge decoupled its price from the intended 1:1 backing with the euro. Binance suspended AEUR trading pairs within hours to stabilize......
