Author: John Smith

Kenya’s Treasury Cabinet Secretary John Mbadi has announced plans for a draft policy aimed at regulating virtual assets and virtual asset service providers. Speaking on Friday, Mbadi said the proposed framework seeks to leverage the opportunities presented by cryptocurrencies while addressing associated risks, including money laundering, terrorism financing, and fraud, according to The Standard. Mbadi said the Kenyan Government is committed to creating a legal and regulatory framework that will enable VAs and VASPs to reap the benefits. In December, Kenya introduced a draft policy focused on regulating virtual assets and service providers in the cryptocurrency sector. According to Mbadi,…

Four U.S. spot Bitcoin exchange-traded funds are now ranked among the top 20 best ETF launches in history, as the crypto industry marks one year since the U.S. Securities and Exchange Commission approved the first spot Bitcoin ETFs. The SEC’s approval on Jan. 10, 2024, paved the way for 11 spot Bitcoin (BTC) ETFs to go live on U.S. exchanges. The launch coincided with Bitcoin’s rally to a new all-time high in March 2024, crossing the $100,000 mark before undergoing a correction. While the market has seen tremendous growth since these ETFs began trading, it’s the records they have broken…

AA new bill introduced by Rep. Keith Ammon could allow New Hampshire’s treasury to hold Bitcoin as a reserve asset. The Republican Representative Keith Ammon proposed legislation that would establish a strategic Bitcoin (BTC) reserve for the state, enabling the state’s treasury to custody BTC alongside traditional assets like gold, silver, and platinum. Rep. Ammon’s bill includes “secure custody solutions” to safeguard New Hampshire’s potential BTC stash. Even states now need a crypto wallet as adoption skyrockets. If passed, New Hampshire could become a leader in the push for state-controlled Bitcoin reserves. However, it faces stiff competition from other states…

Genius Group Limited has increased its Bitcoin Treasury to $35 million.  This purchase surpassed its milestone ahead of schedule in its ongoing effort to amass $120 million in Bitcoin holdings, according to a company release. The latest purchase comes just two months after the Singapore-based, AI-powered education company announced its “Bitcoin-first” strategy in early November. Genius Group added $5 million worth of Bitcoin (BTC) purchases, bringing its total holdings to 372 BTC at an average acquisition price of $94,047 per Bitcoin. As of Jan. 9, the company’s Bitcoin Treasury was valued at $35 million, reflecting the current Bitcoin price of…

Bybit will temporarily restrict its services for Indian users starting Jan. 12. This pause comes as the platform completes its registration as a Virtual Digital Asset Service Provider with India’s Financial Intelligence Unit, according to a company announcement.  During this period, Indian users will be unable to open new crypto or fiat trades, access trading products, or participate in campaigns. Existing derivatives positions will be set to “close-only” mode, allowing users to close their positions but preventing them from making modifications or adding to them. Additionally, peer-to-peer trading ads in INR will be removed, copy trading relationships will be canceled,…

Sui extends gains by 4% on Friday, after rallying nearly 14% this week. Uniswap begins recovery on Friday after nearly 8% loss in value on the weekly timeframe. The two tokens could offer higher gains to holders in the coming week.  Bitcoin eyes recovery, Sui and Uniswap could rally alongside  Bitcoin (BTC) lost nearly 3% of its value this week, the largest cryptocurrency is beginning its recovery on Friday. At the time of writing, BTC posted nearly 3% gains on the day, hovering above $94,000.  BTC/USDT daily price chart | Source: Crypto.news While Bitcoin eyes recovery, altcoins Sui and Uniswap…

Binance Coin, the fifth-largest cryptocurrency by market capitalization, has largely avoided the ongoing crypto crash and is hovering near its all-time high. Binance Coin (BNB) was trading at $695 on Friday, just 12% below its record high reached in December. In comparison, Bitcoin (BTC) has fallen by 15%, while other mega cap cryptocurrencies like Solana (SOL) and others have all declined by over 20%. BNB’s resilience is primarily due to its lower correlation with Bitcoin and other cryptocurrencies. According to data from Blockchaincenter, BNB’s 90-day correlation coefficient with Bitcoin stands at 0.65, lower than that of many other major coins.…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogecoin set the bar in 2021. Now, Rexas Finance eyes a similar 100x rise, turning $400 into $400K The cryptocurrency market in 2021 was captured by the phenomenon called Dogecoin. It transformed tiny investments into remarkable returns. Its explosive climb turned $400 into life-changing money, establishing a benchmark for crypto market speculative success. Analyzes are now pointing up Rexas Finance (RXS), the next possible game-changer. This unique coin is expected to have a similar 100x rise, transforming $400,000 from…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Learn how to start cloud mining with Solana and earn up to $3,000 daily using renewable energy with CrytocoinMiner. As the times change and technology advances, people’s attitudes towards natural energy have also changed. They rely on renewable energy sources such as solar and wind power to power their new energy cloud mining operations, which greatly reduces mining costs and integrates electricity from surplus energy into the power grid. It not only saves a lot of energy consumption, but…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A new crypto project eyes 58,000% gains as Dogecoin nears $0.50 and Shiba Inu burn rates soar. A new cryptocurrency venture is forecasting huge profits, with estimates soaring up to 58,000%. Dogecoin is getting close to hitting 50 cents, and the rate at which Shiba Inu tokens are being burned is climbing fast. This piece explores these notable shifts and what they could mean for investors. Knockout alert: XYZ meme coin redefines the game The crowd’s roaring, and XYZ…