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20.04.2024

Kraken acquires TradeStation Crypto to strengthen its position in the US market

Crypto exchange Kraken has acquired broker TradeStation Crypto to expand its presence in the US. The deal opens up new opportunities for growth and launching innovative products, despite regulatory challenges in the industry.

14.04.2024

Bitcoin shows record price fluctuations in April

According to Kaiko data, Bitcoin (BTC) reached its highest volatility since November 2022 in April, strengthening to $70,711. Despite fluctuations and sell-offs, support from large market players helped BTC surpass the $70,000 mark. The SOPR index indicates the profitability of Bitcoin sell transactions, but some analysts do not rule out a market decline after the halving.

13.04.2024

Matrixport predicts $25 billion inflow into Bitcoin ETF

Matrixport analysts predict that demand for Bitcoin ETFs in Hong Kong from Chinese investors could reach $25 billion. The weakening yuan and the Southbound Stock Connect program are stimulating interest in cryptocurrencies as a way to diversify assets. The launch of a Bitcoin ETF will provide legal access to cryptocurrencies for qualified investors from China.

07.04.2024

1inch releases Web3 debit card

1inch aggregator, in partnership with Mastercard and Crypto Life, launches the 1inch Card debit crypto card. The card will allow users to pay for purchases and withdraw cash by converting crypto assets into fiat. Available in the UK and EEA countries.

06.04.2024

PayPal will introduce a stablecoin for international transactions

PayPal launches stablecoin PYUSD for commission-free international transfers via Xoom service. Although the scale of adoption is currently limited, this move signifies important progress in the acceptance of stablecoins and their integration into traditional financial systems.

31.03.2024

Tether will undergo an independent security audit

Tether has successfully passed the SOC 2 Type I audit, confirming a high level of data protection and information security. The company plans to undergo annual audits and obtain the SOC 2 Type II certification by 2025 to ensure transparency and accountability to USDT stablecoin users.

29.03.2024

Tether invested $627 million in Bitcoin

Tether, the issuer of the largest stablecoin USDT, continues to strategically invest in Bitcoin. Tether acquired nearly 8,889 BTC worth $627 million in March and around $2.8 billion in January, increasing its BTC reserves to $7.5 billion. The company plans to allocate up to 15% of its profits to purchase Bitcoin on a monthly basis, aiming to become one of the largest BTC holders in the crypto industry.

24.03.2024

SEC officials plan to classify Ether as a security

Ethereum holds above $3000, but the SEC may recognize ETH as a security. The regulator is reviewing applications for spot ETFs and conducting an investigation into the Ethereum Foundation. The SEC chairman previously stated that ether is not a security, but the situation may change after the transition to the PoS algorithm.

20.03.2024

The daily trading volume on exchanges nearly exceeded $100 billion

Cryptocurrency exchange OKX is shutting down operations in India due to regulatory restrictions. Indian users must withdraw their funds by April 30, 2024, after which their accounts will be blocked. OKX has also stopped providing services in Uzbekistan and discontinued USDT trading in the Eurozone.

15.03.2024

USDT will be launched on the Celo blockchain: what are its advantages

The stablecoin Tether (USDT) has updated its historical maximum capitalization, reaching $99.57 billion. The stablecoin market has been recovering since November 2023, reaching $142 billion. The growth is associated with stable demand for USDT and USD Coin (USDC). Tether dominates non-US exchanges, and USDC is growing thanks to an influx of investors and the launch of a Bitcoin ETF in the US. Changes in the capitalization of stablecoins reflect the movement of funds in the crypto-ecosystem