Regulatory

Bybit outshines Coinbase to become the second-largest centralized exchange by trading volume after recording an eight-month growth in market shares of 8%.  According to data, Coinbase recorded only 1% growth during the period, with Binance declining from 60% to 54%.  A recent surge in trading volume has positioned Bybit as the second largest centralized crypto exchange (CEX), replacing Coinbase and “sitting” behind Binance. According to data by Kaiko, Bybit has witnessed an incredible growth of 8% in market shares over…

The post DNNY.COM: Impact of Regulatory Changes on Crypto Market appeared first on Coinpedia Fintech News Once the speciality of a tech fan, digital currency has made considerable progress to where it is now a worldwide pervasion in financial impact, taking everything into account from funds to craftsmanship. As it grows, the crypto market captures the imagination of governments and regulatory bodies, too. As a result of these modifications in the regulation of the cryptocurrency market, investors, developers, and everyone…

Initiative allows Ecuadorians aged 18+ to join Worldcoin’s 5.7 million participants, enhancing online identity verification. After regulatory clearance, Worldcoin resumes operations in Kenya, overcoming previous suspension due to data protection concerns. Worldcoin, is set to expand its presence by launching World ID orb verifications in Ecuador and resuming operations in Kenya. This expansion marks a phase for the crypto initiative as it aims to broaden its global user network, as we have developed in Crypto News Flash previously. World ID…

Barcelona, Spain, June 18th, 2024, Chainwire Cryptocurrency money laundering in Europe has been a growing concern for regulatory authorities over the past several years. Indeed, cryptocurrencies have quickly become an attractive tool for money launderers, partly because of their pseudonymous nature and lack of regulations.  While the total cryptocurrency laundered worldwide has gone from $31,5B in 2022 to $22,2B in 2023, this issue remains a highly sensitive topic in Europe, which is prominent in the global flow of illicit cryptocurrency…

Ripple CEO Brad Garlinghouse has reiterated his belief that XRP spot ETFs are inevitable and will probably hit the market by next year. He stated that investors always want to spread the risk and diversify their investment and that with Bitcoin and Ethereum now within reach, they will wish to access other cryptos like Solana and XRP. At the Consensus conference in Texas a week ago, Brad Garlinghouse told the audience that XRP spot ETFs are inevitable and that the…

Expansion allows Bitfarms to manage 528 MW, leveraging existing infrastructure to reduce costs per megawatt. Amidst expansion, former CEO Geoffrey Morphy sues Bitfarms for $27 million over alleged contractual breaches. Despite regulatory uncertainties in Paraguay, Bitfarms, a Bitcoin mining company listed on both Nasdaq and the Toronto Stock Exchange, has successfully secured an additional 100 megawatts (MW) of electricity from Paraguay’s state-owned power company, Administración Nacional de Electricidad (ANDE). This development comes as lawmakers in Paraguay deliberate on potentially banning…

Argentine and Salvadoran officials met to discuss Bitcoin regulation and adoption, aiming to leverage El Salvador's pioneering experience to develop a regulatory framework for Argentina's burgeoning cryptocurrency industry. Coming Together For BTC Adoption On May 23, officials from Argentina and El Salvador met to discuss Bitcoin adoption and regulatory issues. The meeting involved key figures from Argentina's National Securities Commission (CNV) and El Salvador's National Commission for Digital Assets (CNAD).  The delegation included CNV President Roberto Silva, CNV Vice President…

The exchange maintains its support for USDT in Europe despite upcoming MiCA regulations. Kraken is actively exploring solutions to comply with MiCA while keeping USDT accessible to European traders. Following a recent report from Cryptocurrency News Flash (CNF), Kraken, a leading U.S.-based cryptocurrency exchange, has unveiled a new division aimed at providing tailored services to institutional investors, focusing on capturing a significant portion of the burgeoning Bitcoin ETF market. Simultaneously, it has been confirmed that Kraken will reaffirm its USDT…

The post US Crypto Miners Eye Middle East Amid Regulatory Crackdown appeared first on Coinpedia Fintech News The persistent regulatory crackdown in the US on crypto businesses might drive miners away as they now eye the Middle East as the next region for growth. The Biden administration’s proposed 30% tax on electricity use for digital asset mining operations could devastate the industry in the US, raising concerns among crypto miners. The CEO of an Oman crypto mining firm claims that,…