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Dow Jones Industrial Average flatlines on Friday, ends week where it started

Dow Jones is set to end the week close to where it started. The major equity index recovered after Monday's thousand-point plunge, but nothing more. Markets now pivot to focus on next week’s inflation data. The Dow Jones Industrial Average (DJIA) traded mostly flat on Friday, testing the waters near the week’s opening bids after a run of volatility sparked by broad-market concerns that the Federal Reserve (Fed) might have...

Crypto exchanges subject to EU Travel Rule in 6 months

New EU regulations mandate crypto exchanges to comply with Travel Rule guidelines, enhancing AML/CFT measures starting Dec. 30. 14112 Total views 9 Total shares Own this piece of crypto history Collect this article as NFT In a significant move to bolster Anti-Money Laundering (AML) measures, the European Banking Authority (EBA) announced the extension of Travel Rules guidelines to crypto service providers and their intermediaries. Crypto exchanges operating in the European...

Remote Japanese Village Turns to NFTs to Support the Elderly

By Philip Maina 2 months agoThu Jun 27 2024 10:51:32 Reading Time: 2 minutes A remote Japanese village is using NFTs to support its ageing population The village is selling collectibles and using the proceeds to organize school events and other community initiatives The project has the blessings of the country’s ruling party, which contributed $62,500 as a grant Japan’s Neo-Yamakoshi village found in the Niigata mountains is changing how...

Korean Crypto Markets Flash Crash After Martial Law Announcement

By Mark Hunter 12 hours agoWed Dec 04 2024 08:39:22 Reading Time: 2 minutes South Korean crypto exchanges witnessed dramatic flash crashes in digital asset prices yesterday The instability followed the Prime Minister’s surprise announcement of martial law amid escalating political and economic tensions Bitcoin and Ethereum prices briefly plummeted by over 20% on some local platforms before partially recovering The South Korean cryptocurrency market yesterday experienced sudden turbulence following...

Ripple backs Bitwise Physical XRP ETP following its rebranding

The product offers institutional-grade exposure to XRP through a physically backed exchange-traded product. Photo: Bitwise Investments Key Takeaways Bitwise has rebranded its European XRP ETP, with Ripple planning an investment. The Bitwise Physical XRP ETP is physically backed and approved by German regulators. Ripple will invest in Bitwise’s XRP exchange-traded product (ETP) following its rebranding. The fund, previously known as ETC Group Physical XRP, is now named Bitwise Physical XRP...

5 top altcoins to watch and buy before Christmas 2024

As the bull market picks up speed, the crypto market is humming with activity as 2024 draws to an end, and investors are preparing for what might be a turning point. This is a critical period to find companies with strong foundations and creative ideas for individuals trying to diversify their portfolios and profit from interesting altcoins. Among these, Rexas Finance (RXS) and four other outstanding ventures are gaining growing...

BitGo’s New WBTC Custody Plan Draws Scrutiny Over Justin Sun’s Role

BitGo, a leading crypto custodial platform, will shift its Wrapped Bitcoin (WBTC) to a new multi-jurisdictional and multi-institutional custody model. This decision has raised concerns in the crypto community, particularly because of the involvement of Justin Sun, founder of the TRON blockchain. On August 9, BitGo revealed a 60-day transition period. The company plans to expand its custodial locations to include Hong Kong and Singapore. Sun’s Role in WBTC Custody...

Hong Kong’s Bitcoin and Ethereum Spot ETFs Suffer Disappointing Debut, Yet Hope for Future Growth Persists

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Top Crypto Tokens Stumble As Cryptocurrency Market Hints A Bearish Price Action This Week!

Home / Crypto Live News / Top Crypto Tokens Stumble As Cryptocurrency Market Hints A Bearish Price Action This Week! The crypto market has lost 2.47% in valuation from $2.39 Trillion to $2.33 Trillion within 24 hours and has erased $100 Billion from its portfolio this week. Furthermore, Bitcoin has displayed a similar trend by losing 0.98% with a 24-hour low of $64,597.25. On the other hand, Ethereum has plunged...

Whistleblower Lawsuit Accuses Binance of Bribery and Retaliation

A former senior employee at Binance has filed a whistleblower lawsuit in the UK, alleging that a colleague solicited a bribe from a customer in exchange for preferential treatment. Amrita Srivastava, who worked remotely for Binance’s Link platform, claims she was wrongfully terminated after reporting the alleged misconduct.  Legal Troubles Continue for Binance According to Bloomberg reports, these allegations came forward during an employment tribunal earlier this week. Srivastava said...