Crypto trading volumes in India surged to $1.9 billion in Q4 2024, more than doubling from the previous quarter. According to Reuters, this surge was driven by investors from smaller cities who turned to digital assets amidst sluggish job growth and stagnant wages. Edul Patel, co-founder of Indian crypto exchange ...
The global cryptocurrency market cap is $3.27 trillion, down 2.73% in the last 24 hours but up 57.23% from a year ago. Bitcoin (BTC) leads the market with a capitalization of $1.9 trillion, representing 58.15% of the total crypto market. The recent decline in the market is closely tied to ...
Bithumb has announced the suspension of KAVA trading, deposits, and withdrawals starting at 6:00 PM KST (9:00 AM UTC) on February 25. The move is tied to a scheduled upgrade for the Kava Network, which is set to take place at block height 13,500,000. Bithumb stated that the suspension is ...
HTX Global Advisor Justin Sun has urged enhanced collaboration on cryptocurrency security after a major exchange's recent $1.5 billion hack. He highlighted the need for exchanges, security firms, and the crypto community to unite against cyber threats. This discussion was hosted by HTX in a session on X and featured ...
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 ...
