According to data from app analytics platform AppsFlyer, 2024 cryptocurrency app adoption in the United Arab Emirates saw a significant increase, with downloads of the top 49 crypto apps rising from 6.2 million in 2023 to 15 million, a 41% growth. This trend was especially notable in the year's second ...
Canary Capital has launched the Canary AXL Trust, a private investment vehicle for institutional and accredited investors, focusing on AXL, the native cryptocurrency of the Axelar Network. This marks Canary as the first firm to provide an investment trust centred on a blockchain interoperability protocol, showcasing its dedication to diversifying ...
Australian Transaction Reports and Analysis Centre (AUSTRAC) is increasing its enforcement actions against non-compliance in Australia's digital currency exchange sector after addressing issues with remittance services and crypto providers. The agency has targeted 13 digital currency exchanges, with over 50 others under investigation for underreporting suspicious transactions and not fulfilling ...
Cryptocurrencies are now becoming fundamental components of the global financial landscape, and the financial advisory industry is still playing catch-up. According to a survey conducted by Bitwise and VettaFi, 96% of financial advisors reported receiving inquiries about crypto—a significant increase from 88% the previous year. However, despite the growing demand ...
Michigan has become the 20th U.S. state to explore a digital currency-backed reserve with the introduction of House Bill 4087. Sponsored by Representatives Bryan Posthumus and Ron Robinson on February 13, the bill proposes allowing the state treasurer to invest up to 10% of the State’s general fund and economic ...
U.S. federal authorities have charged six individuals in connection with a kidnapping case in Chicago that netted approximately $15 million in Bitcoin, Ethereum, and other cryptocurrencies. The suspects, identified as Zehuan Wei, Fan Zhang, Huajing Yan, Shengnan Jiang, Shiqiang Lian, and Ye Cao, allegedly orchestrated a sophisticated operation targeting a ...
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are reportedly looking into options for collaborating on regulating cryptocurrencies. According to Fox News journalist Eleanor Terrett, who referenced sources in a post on X on February 13, the agencies are contemplating reestablishing a joint advisory ...
World Liberty Financial (WLFI) has announced the launch of “Macro Strategy,” a strategic token reserve aimed at strengthening its position in the cryptocurrency market by supporting leading projects such as Bitcoin, Ethereum, and other digital assets. According to WLFI, the Macro Strategy will diversify the company's holdings across a range ...
Lawmakers and industry leaders are advocating for significant regulatory changes in the cryptocurrency sector during President Trump's administration. The goal is to keep the U.S. competitive in the global digital asset market by creating a framework that encourages innovation while ensuring proper oversight, especially as other countries implement clear regulations. ...
Gumi Inc., a Tokyo-listed mobile game studio, is deepening its involvement in the crypto space with a major Bitcoin acquisition. In a recent press release, the company announced that its board of directors had approved a plan to purchase Bitcoin worth 1 billion JPY (approximately 6.58 million) by May. This ...
