Crypto

In today's dynamic crypto market, key players known as "crypto whales" are making strategic moves, signaling a significant trend. These investors have begun to gather more of select cryptocurrencies, hinting at a strong market upturn. The current environment suggests that they anticipate substantial growth ahead, reminiscent of the lively phase that typically follows subdued market conditions. This article delves into which cryptocurrencies are drawing the attention of these influential market participants. CYBRO Presale Runs Fast with 25M Tokens Already Sold…

The post UK Elections Unlikely to Impact Crypto Regulation appeared first on Coinpedia Fintech News Industry stakeholders believe that the approaching UK elections will not affect the country’s progress in regulating the crypto sector. The UK became a crypto hub in 2022 with the introduction of the markets bill by the Conservative party, which enabled crypto to be regulated by the Financial Conduct Authority (FCA). The ruling Conservative party has promised to introduce legislation for stablecoins and staking in the…

The United States Commodity Futures Trading Commission (CFTC) has announced it has settled charges against cryptocurrency brokerage firm Falcon Labs (FalconX) for $1.8 million in disgorgements and penalties.  The CFTC stated that the brokerage firm voluntarily improved its practices after the CFTC filed a civil suit against Binance and former CEO Changpeng Zhao.  CFTC Settles With FalconX According to a May 13 notice, the Commodity Futures Trading Commission stated that Falcon Labs, owned by FalconX, failed to register as a…

Bitcoin is still languishing just above the $61,000 support, and most of the crypto market is down, and continues to bleed out. However, certain memecoins are bucking this trend, and $PEPE is one of the frontrunners. A weak crypto market The sentiment across the crypto market might be said to be verging on pretty bad. Bitcoin is still trending down, and although the price has been continually bought up from around $59,000, with one wick going as low as $56,600,…

Glauber Contessoto turned his modest Dogecoin investment into a fortune by using memes and Elon Musk’s support. Dogecoin’s value surged over $89 billion in spite of criticism, making it harder to distinguish between real investments and online jokes. Glauber’s journey from modest beginnings to crypto stardom exemplifies the power of belief. Starting with minimal resources, he shifted his focus from stocks to Dogecoin, leveraging Elon Musk’s influence to become a crypto millionaire in just over two months. Big Dreams from…

The post SHIB, WIF, DOGE, and BONK Can’t Compete with What this New Crypto is Offering Investors appeared first on Coinpedia Fintech News Amid the ever-growing value of the meme coin market, dog-themed meme projects have continued to dominate the top-ranking positions of the meme industry. As a result, top meme coins like Shiba Inu (SHIB), Dogwifhat (WIF), Dogecoin (DOGE), and Bonk (BONK) have become the faces of the meme community on the blockchain.  However, a new crypto project has…

The post FalconX Fined $1.8M by CFTC, Ceases U.S. Crypto Derivatives Trading appeared first on Coinpedia Fintech News FalconX settled with the CFTC for $1.8 million, accused of violating commodities laws by operating as a futures commission merchant (FCM) without registration. The firm is known as a digital asset prime broker, and it provided U.S.-based institutional clients access to crypto exchanges for derivatives trading. FalconX lost half its customers after the KYC measures prompted by the actions of CFTC against…

The post Global Central Banks Extend Crypto Regulation Deadline: The Real Reason Behind the Delay appeared first on Coinpedia Fintech News The Group of Central Bank Governors and Heads of Supervision (GHOS) has decided to extend the deadline for implementing its prudential standard regarding banks’ exposure to crypto-assets. Previously, it was expected to be enforced by January 2025. However, the new deadline is set for January 1, 2026. This adjustment results from the requirement for a cohesive global regulatory framework…

The post Biden Orders Shutdown of Chinese-Linked Crypto Miner Near U.S. Nuke Base appeared first on Coinpedia Fintech News President Biden has ordered the shutdown of MineOne, a Chinese-owned cryptocurrency mining facility near Warren Air Force Base, Wyoming. This move is prompted by concerns over foreign ownership, technology, and the facility’s proximity to the strategic missile base. The British Virgin Islands company, mostly owned by Chinese nationals, faces removal of all equipment within a mile of the military installation. In…