Uncategorized Archives - Page 7 of 139

ThursdayJul 03, 2025 9:00 am

South Korea Suspends CBDC Project in Favor of Stablecoin

A recent Bloomberg report, referencing a confidential source within the Bank of Korea, reports that the country’s top bank has put the next phase of its central bank digital currency (CBDC) testing on hold. The phase was originally expected to roll out in late 2025. The central bank has notified participating financial institutions that discussions surrounding the next phase will be put on hold for now. The halt comes as South Korean regulators shift attention toward regulating privately issued stablecoins. The Bank of Korea launched the first stage of its pilot, called “Project Han River,” in collaboration with seven major…

TuesdayJul 01, 2025 9:00 am

Profit-Taking Slows Crypto Bull Run Momentum

The cryptocurrency market is showing signs of recovery, though lingering economic concerns and profit-taking behavior are still holding back investor confidence. As of June 27, Bitcoin was trading at $106,600, marking a 1% drop in the last 24 hours. Other digital assets, including major altcoins, mirrored this trend, with the top 100 tokens by market value also declining around 1%. The earlier downturn triggered by the Iran-Israeli conflict appears to have passed as the market has largely regained ground. With political tensions cooling down, the severe losses have eased into smaller, more manageable dips. Most cryptocurrencies are no longer seeing…

FridayJun 27, 2025 9:00 am

Japanese FSA Wants Cryptos Reclassified, Taxed Lower

The Japanese Financial Services Agency (FSA) is proposing a major change in how cryptocurrencies are taxed and classified. This change could open the door to cryptocurrency exchange-traded funds (ETFs) in the country and apply a flat 20% tax rate on profits from digital assets. The proposal recommends treating cryptocurrencies as financial products under Japan’s FIEA, which are the same rules that apply to stocks and bonds. Currently, crypto profits are taxed under a progressive system, with rates going as high as 55%. Switching to a standard 20% tax would align crypto with stock investments and could attract more investors, from…

ThursdayJun 26, 2025 9:00 am

BTC Retracts as America Hits Iran Nuclear Sites

Bitcoin took a hard hit over the weekend, dipping to its lowest value since May as global tensions and inflation concerns shook investor confidence. The decline was part of a wider slump in digital currencies, with the entire crypto market reacting swiftly to escalating geopolitical risks. On Sunday, Bitcoin slipped beneath the $99,000 threshold for the first time in over a month. Ether also took a hit, plunging more than 10%. Other major digital currencies, including dogecoin, Solana, and XRP followed suit, all experiencing significant drops that pulled the crypto sector broadly into the red. There was a modest rebound…

TuesdayJun 24, 2025 9:00 am

Coinbase Obtains Crypto License from the EU

Coinbase has received regulatory approval from Luxembourg to operate cryptocurrency services throughout the European Union and has now chosen the country as its primary base for EU operations. Although Coinbase had originally established Ireland as its European headquarters in 2023, the company has now shifted its focus. On Friday, the company announced it had been granted a Markets in Crypto Assets (MiCA) license by Luxembourg’s financial authority, the Commission de Surveillance du Secteur Financier (CSSF). MiCA represents a unified set of rules designed to govern the crypto industry across the EU’s 27 member states. These rules, which came into full…

FridayJun 20, 2025 9:00 am

Weekly Inflows into Crypto Funds Reach 1.9 Billion Amid Surging Bitcoin Prices

Digital asset investment products kept their momentum going last week, with continued capital flowing into the market. Bitcoin hovered near its recent peak, while Ether briefly crossed the $2,800 mark for the first time since February. According to CoinShares, exchange-traded crypto products (ETPs) brought in $1.9 billion during the most recent trading week, pushing the nine-week total to $12.9 billion. This latest bump also helped push year-to-date (YTD) inflows to a new record of $13.2 billion. The total value of crypto ETPs under management also climbed, rising to $179 billion from $175.9 billion the week before. Bitcoin-related investment vehicles led…

TuesdayJun 17, 2025 9:00 am

Trump Discloses Income in Excess of $600m from Crypto, Licensing Fees, and Golf

President Donald Trump’s public financial disclosure form has revealed that he earned over $600 million last year from a mix of business ventures. According to the filing, Trump’s foray into crypto brought in a significant portion of his income. He also disclosed ongoing profits from real estate projects and various licensing agreements. Altogether, his reported assets totaled no less than $1.6 billion. Though Trump has claimed that his businesses are being overseen by his children through a trust, the report indicates he still benefits financially from many of these enterprises. This has drawn scrutiny, with critics pointing to possible ethical…

FridayJun 13, 2025 9:00 am

Bitcoin, American Crypto Shares Climb as BTC Purchases Increase

Stocks tied to crypto in the U.S. moved higher on Monday, tracking Bitcoin’s gains as more companies publicly reported adding Bitcoin to their balance sheets. Several of the nation’s top crypto mining firms and other major crypto-focused businesses finished the day in positive territory, with some extending those gains after the regular market session ended on June 10. Circle Internet Group, a recent addition to the Nasdaq, saw its share price rise by 7% during regular hours. After the market closed, it added another 2.2%, reaching $117.79. Core Scientific climbed 4.27% during trading and added an extra 0.87% in after-hours…

ThursdayJun 12, 2025 9:00 am

Why Crypto Kidnappings Are Increasing

Michael Valentino Carturan was living large in a $40,000-a-month Manhattan townhouse, funded by his success in crypto. Last month, however, that luxurious lifestyle turned into a nightmare when he was kidnapped and held for 17 days by two men—William Duplessie and John Woeltz—who were after access to his crypto fortune, estimated at around $28 million. The attackers used extreme violence to force Carturan to reveal his digital access, including electric shocks, suspending him from the roof, drug use, and even threatening him with a chainsaw. But despite the abuse, Carturan didn’t give in. He managed to escape, and both suspects…

TuesdayJun 10, 2025 9:00 am

UK to Lift Ban on Crypto ETNs to Emulate the US

The United Kingdom is planning to remove a long-standing ban on a specific type of crypto-linked investment product, aiming to close the gap with the U.S. and other financial centers in the race to become a major player in the digital asset space. The Financial Conduct Authority (FCA), the country’s top financial regulator, released a proposal that would allow retail investors to buy cryptocurrency exchange-traded notes (ETNs) again. These investment products are tied to the performance of cryptos and provide a way for individuals to gain exposure to digital assets through regulated trading platforms. Crypto ETNs have been off-limits to…