The Australian financial landscape is set for a significant transformation as the Australian Securities and Investments Commission (ASIC) moves towards implementing a licensing system for cryptocurrency service providers. As reported by the Australian Financial Review on September 23, this initiative aims to ensure that local crypto firms adhere to the legal framework established under the
BNY Mellon’s recent decision to venture into the crypto custody market represents a pivotal shift in the financial landscape, particularly regarding Bitcoin and Ethereum exchange-traded funds (ETFs). On September 24, Bloomberg News reported that the bank received a significant exemption from the SEC’s Staff Accounting Bulletin 121 (SAB 121). This exemption fundamentally alters how the
In the fast-paced realm of cryptocurrency, a select few individuals emerge as pivotal figures who navigate the complexities of this digital frontier with unmatched finesse. Among these trailblazers stands Scott Matherson, a distinguished writer for NewsBTC. With a profound ability to articulate the nuances of the market, Matherson plays an essential role in charting the
In recent years, the rise of stablecoins has prompted significant attention from lawmakers and regulatory bodies across the United States. As these cryptocurrencies become increasingly integral to the financial ecosystem, the push for a regulatory framework has gained momentum. Congresswoman Maxine Waters, as the leading Democratic voice on the House Financial Services Committee, has emerged
Binance has recently reached a remarkable benchmark in the cryptocurrency industry by exceeding $100 trillion in trade volume since its inception in 2017. This staggering figure was announced by CEO Richard Teng in a social media update on September 24, underscoring Binance’s significant role within the crypto ecosystem. To put this accomplishment into perspective, $100
In a decisive strategic maneuver, Kraken, a renowned cryptocurrency exchange, has acquired Coin Meester (BCM), a prominent Dutch crypto broker with a long-standing history. Announced on September 24, this acquisition signifies Kraken’s ambition to solidify its operational foothold in the Netherlands, a burgeoning market for digital assets. The integration of Coin Meester into Kraken is
Growing up in Edo State, Nigeria, I am Godspower Owie, a product of my environment shaped by my loving family. With three siblings, each serving as a source of inspiration and mentorship, my upbringing was rich in values and life lessons. When reflecting on my journey, I can’t help but acknowledge that my parents stand
Aayush Jindal’s name resonates deeply within the financial sector, particularly in the realms of Forex and cryptocurrency trading. With an impressive background that spans over 15 years, Aayush has positioned himself as a prominent figure, notable not just for his longevity but for the depth of his expertise. A finance professional of remarkable caliber, he
In an innovative move aimed at expanding its user base, Bybit, a prominent cryptocurrency exchange, has launched an Islamic crypto account tailored specifically for Muslim investors. Announced on September 24, this initiative is designed to align with Islamic finance principles, allowing for a secure and compliant trading environment. CEO Ben Zhou announced the launch on
As cryptocurrency trading continues to capture global attention, Bitcoin, the leading digital currency, is showing significant fluctuations in its price. Recently, Bitcoin surged past the critical resistance level of $63,500, effectively reaching a peak of $64,800 before entering a phase of correction. This article dissects the recent price movements of Bitcoin, emphasizing the underlying technical