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South Korea is shifting its stance on crypto, moving towards a more open approach by lifting its ban on institutional crypto trading.The Financial Services Commission (FSC) will release crypto investment guidelines, with staggered timelines for different participants. This move aims to develop the crypto market while ensuring user protection. The guidelines will include best practices … Read more
Banco Bilbao Vizcaya Argentaria (BBVA), the second-largest lending institution in Spain and one of the largest in Europe, has announced the integration of crypto into an upcoming platform as part of its service offering. The development comes as the bank received approval from the country’s securities regulator to do so, mentioning bitcoin and ether only … Read more
Starknet has announced its ambitious plan to become the first Layer 2 solution to unify Bitcoin and Ethereum, aiming to enhance bitcoin’s functionality and scalability while preserving its core principles of decentralization and trustlessness. The initiative includes the integration of the Bitcoin wallet Xverse with Starknet, allowing users to utilize Bitcoin assets on the platform … Read more
Line, Japan’s largest social media network, has announced a partnership with Sony’s recently launched “Soneium” blockchain to introduce blockchain-powered mini-apps to its 200 million users. This collaboration aims to enhance user experience and facilitate new blockchain interactions while providing developers with tools to foster innovation within the ecosystem. Soneium, which has quickly gained traction with … Read more
Japanese hotel developer and bitcoin treasury firm Metaplanet is borrowing ¥2 billion or roughly $13.5 million to buy more bitcoin (BTC). The company posted the announcement via its X account on Tuesday evening. Metaplanet currently owns 2,888 BTC and recently implemented a strategy that will see it purchase 21,000 bitcoin by 2026. The firm also … Read more
The Singapore Exchange (SGX) is set to make a significant entry into the cryptocurrency derivatives market by introducing bitcoin perpetual futures in the second half of 2025, as reported by Bloomberg. This strategic move aims to cater to the rising institutional interest in digital assets, providing a regulated platform for trading. However, the launch is … Read more
Kraken has announced that it has officially secured an Electronic Money Institution (EMI) authorization from the U.K.’s Financial Conduct Authority (FCA). This milestone is set to accelerate Kraken’s growth plans in the U.K. and enable the launch of new products and services tailored to the needs of local clients. The EMI license empowers Kraken to … Read more
The Cayman Islands has updated its cryptocurrency regulatory framework with the introduction of new licensing rules set to take effect on April 1, 2025. Under the recently approved Virtual Asset (Service Providers) (Amendment) Regulations, 2025, all entities offering virtual asset custody and trading platform services in or from the islands will be required to obtain … Read more
On March 9, 2025, bitcoin’s (BTC) price dipped to an intraday low of $80,000, a 6.6% drop against the greenback. At press time, 7:35 p.m. ET on Sunday, the price remains near the $80,500 level, carrying a market cap of roughly $1.59 trillion. Since Friday, BTC’s market valuation has been trimmed by roughly $200 billion, … Read more
Bahrain’s ATME, a regulated digital asset exchange, has launched gold-backed tokens, a first in the Kingdom, with the Central Bank of Bahrain’s support. These tokens, each representing one kilogram of gold, offer accredited investors a secure and modern way to invest in gold without the challenges of physical storage. ATME’s CEO, Alex Lola, highlights this … Read more