Taiwan’s Financial Supervisory Commission (FSC) has recently announced an initiative aimed at placing the nation on the digital asset map. This pilot program, set to commence in early 2025, is designed for financial institutions wishing to partake in digital asset custody services. The FSC’s actions underscore a commitment to nurturing financial innovation while gearing up
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Bitcoin has found itself caught in a challenging territory as its price struggles to reclaim the vital 200-day moving average. The current ecosystem around Bitcoin reflects a sentiment of cautious bearishness among traders and analysts alike. With the price recently touching a low of $60,000, its movement suggests a potentially turbulent road ahead. The failure
In recent financial developments, the approval of options for spot Bitcoin Exchange-Traded Funds (ETFs) has triggered discussions among market analysts about significant shifts in Bitcoin’s volatility. Jeff Park, head of Alpha Strategies at Bitwise Investments, elaborates on these developments in a conversation with investor and entrepreneurial influencer Anthony Pompliano. The introduction of Bitcoin ETF options
The cryptocurrency landscape is notoriously unpredictable, a fact that many seasoned investors have come to accept. As of now, the market is witnessing a significant downturn, causing many digital assets to trade in the red. This correction is particularly poignant given that it has wiped out many of the recent gains accomplished in the last
On October 7, the cryptocurrency landscape experienced unforeseen volatility, with Bitget’s native BGB token witnessing a shocking plunge from $1.15 to approximately $0.5344 within a mere ten minutes. This drastic 56% drop at around 02:58 UTC sent reverberations throughout the trading community, compelling Bitget to swiftly respond with a compensation plan aimed at reassuring affected
The recent decision by the United Arab Emirates (UAE) to exempt cryptocurrency transactions from the 5% value-added tax (VAT) marks a significant shift in the nation’s approach to digital assets. Established through an amendment to the Executive Regulation of the Federal Decree Law on VAT, this policy will formally come into effect on November 15,
In the fluctuating realm of cryptocurrency, Cardano has recently garnered attention, albeit for less-than-stellar price performance. Presently trading below $1, market analysts remain staunchly optimistic about its price trajectory. Despite experiencing significant corrections from its all-time high of $3.10 in September 2021, where the cryptocurrency thrived during a booming market, certain forecasts indicate that a
In a significant strategic move, Binance has announced its plans to convert certain delisted cryptocurrencies into USDC by April 28, 2025, impacting several tokens that have seen their trading privileges removed. Users holding these coins, which include Tornado Cash (TORN), Waves (WAVES), and others, need to be aware of the critical deadlines ahead. As of
Piero Cipollone, a leading figure within the European Central Bank (ECB), has made a compelling case for Europe to embrace digital assets and distributed ledger technology (DLT) as a means to forge a more unified capital markets union. Speaking at the Bundesbank Symposium on the Future of Payments on October 7, he elucidated how the
In recent years, the cryptocurrency industry has captured the attention of investors, technologists, and everyday consumers alike. This volatile financial sphere is heavily influenced by dedicated writers who can distill complex concepts into accessible narratives. One such figure is Scott Matherson, a leading voice at NewsBTC. His nuanced understanding enables readers to navigate through pivotal