The Cameroonian fintech startup Koree recently secured $200,000 in pre-seed funding, led by the co-founder of Nigerian payments company Duplo. With this new capital infusion, Koree plans to launch a marketplace that rewards users for their purchases. Users Rewards Koree, a Cameroonian fintech startup, has recently raised $200,000 in pre-seed funding to expand its merchant network and strengthen … [Read more...]
SEC’s ‘Unauthorized’ Spot Bitcoin ETF Announcement
The U.S. Securities and Exchange Commission (SEC)’s X account announced the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday. However, minutes later, SEC Chairman Gary Gensler claimed that the agency's social media account was compromised and the post was unauthorized. Some suspect an internal SEC error behind the premature bitcoin ETF announcement. Premature Announcement of … [Read more...]
Coinshares Expands Presence in the US Market with Acquisition of Valkyrie and its ETFs
Coinshares International Limited, a leading digital asset manager based in Saint Helier, announced on Friday that it has acquired Valkyrie Funds LLC, a prominent US-based digital asset manager. The acquisition was primarily driven by Valkyrie's recent approval of its spot bitcoin exchange-traded fund (ETF). Coinshares Strengthens its Influence in the US Market On January 12, 2024, Coinshares … [Read more...]
Monero’s Market Plummets 32% as Binance Announces Delisting, Sparking XMR’s Turbulence
Monero Faces 32% Value Slash as Binance Cuts Ties With Privacy Coin The leading privacy-focused cryptocurrency, monero (XMR), has experienced a significant 32% decline within the last day. This drop in value comes after the announcement that Binance, one of the world's largest cryptocurrency exchanges, intends to remove monero from its platform. Along with three other cryptocurrencies, monero … [Read more...]
How to Invest in Gold and Silver – IRA
Self-Directed Gold IRAs are a fantastic option to invest in gold without dealing difficulties associated with purchasing physical bullion. This kind of account allows investors to purchase gold straight from the federal government, and then store it in their name. While many people prefer holding physical gold, not all can get access to it. Additionally, physical gold is expensive and … [Read more...]
South Korean Regulator to Discuss Crypto Regulation with US SEC Chair Gary Gensler
The financial watchdog chief of South Korea is planning to visit the United States to hold discussions on crypto regulation with Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC). The primary focus of the meeting will be the recent approval of spot bitcoin exchange-traded funds (ETFs) by the SEC. The chief emphasized the importance of SEC policies and their impact on … [Read more...]
Bitcoin ETFs Increase Holdings: Blackrock and Fidelity Lead the Way
Blackrock and Fidelity Hold Nearly 75% of Bitcoin ETF Holdings In recent reports, it has been revealed that several of the nine spot bitcoin exchange-traded funds (ETFs) launched on January 11, 2024, have significantly increased their bitcoin holdings. The data shows that Blackrock's IBIT now owns 72,466.64 bitcoin, valued at $3.12 billion, while Fidelity's Wise Origin ETF, FBTC, … [Read more...]
El Salvador Reaffirms Commitment to Bitcoin Despite IMF’s Calls to Drop It as Legal Tender
El Salvador has reiterated its dedication to embracing bitcoin, disregarding the International Monetary Fund's (IMF) consistent appeals for the nation to abandon the cryptocurrency as legal tender. The Vice President of El Salvador, Félix Ulloa, emphasized that not only will the country maintain its bitcoin law, but it also believes that the cryptocurrency currently holds the highest level of … [Read more...]
JPMorgan Downgrades Coinbase Stock Amid Challenges in Crypto Market
JPMorgan's Crypto Market Outlook, Coinbase's Downgrade Global investment bank JPMorgan has downgraded Coinbase Global (Nasdaq: COIN) from Neutral to Underweight, citing challenges ahead for the crypto market. With crypto prices already under pressure, JPMorgan warns of the potential for cryptocurrency ETF enthusiasm to deflate further, leading to lower crypto prices and trading … [Read more...]
Trudeau Government’s Emergency Powers Challenged: Court Rules Crypto Freeze Unlawful
Introduction In a judicial rebuke, the Federal Court of Canada has declared the Trudeau government's decision to freeze cryptocurrencies during the 2022 "Freedom Convoy" protests as unconstitutional. This ruling has significant implications and challenges the government's use of emergency powers. The Court's Ruling The Federal Court of Canada, in a ruling on January 23, … [Read more...]
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