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The Virtual Assets Regulatory Authority (VARA) has issued an alert regarding MKAN Coin DMCC, which advertised virtual asset activities in the United Arab Emirates (UAE) without the necessary regulatory approval. VARA has instructed the company to cease all unlicensed operations and imposed a fine. The regulator said MKAN Coin’s activities expose users to significant financial … Read more
Bitcoin failed to maintain its price in Tuesday’s early hours, falling to nearly $88,600 and losing its $90,000 key support zone as investors ran to more stable assets in the wake of a new trade war. The top cryptocurrency had shown weakness the day before but managed to hover over the $90K mark on a … Read more
Bloomberg reported that Citadel Securities, led by Ken Griffin, is planning to expand into cryptocurrency trading, capitalizing on President Donald Trump’s pro-crypto stance, which is expected to boost the industry. Previously cautious due to regulatory uncertainties, the firm aims to become a liquidity provider for cryptocurrencies and join major exchanges like Coinbase, Binance, and Crypto.com. … Read more
Stablecoin issuer Circle announced that its flagship asset USDC and its smaller euro-based stablecoin EURC have both been approved as “recognized crypto tokens” by the Dubai Financial Services Authority (DFSA). The recognition will allow the 6,000 companies in the Dubai International Financial Centre (DIFC), including financial institutions, to use and promote the two stablecoins. USDC … Read more
Argentine President Javier Milei met the Department of Government Efficiency (DOGE) Head Elon Musk as part of his travel to the U.S. to be part of the Conservative Political Action Conference (CPAC), where he also met President Donald Trump. Milei gave Musk a chainsaw, a symbol of the libertarian state reduction measures that both he … Read more
Singapore-based Bgin Blockchain Limited has filed with the U.S. Securities and Exchange Commission for an initial public offering (IPO) expected to raise up to $50 million. The company plans to offer approximately 59.54 million Class A ordinary shares and 15.69 million Class B ordinary shares, seeking to list its Class A shares on Nasdaq under … Read more
HK Asia Holdings Limited has announced a further investment in bitcoin, purchasing approximately 7.88 BTC for around $761,000 on February 20, 2025. This decision follows a previous investment disclosed on February 16, 2025, and brings the company’s total Bitcoin holdings to approximately 8.88 BTC, with an average cost of about $97,000 per unit. The number … Read more
Malaysian Prime Minister Anwar Ibrahim announced that Malaysia and Bahrain are deepening economic ties, focusing on cryptocurrency, the Sandbox platform, tourism, connectivity, and manufacturing. Bahrain also pledged support for upcoming Asean-GCC summits. Anwar’s visit, at the invitation of Bahrain’s Crown Prince, aims to strengthen bilateral cooperation and benefit both nations’ economies. In early January 2025, … Read more
Thousands of ultra-nationalist Revival party supporters in Bulgaria clashed with police while attempting to storm an EU mission building in Sofia, protesting the country’s planned euro adoption in 2026. The demonstrators, fearing economic instability and loss of sovereignty, threw projectiles and set fires, resulting in police injuries and arrests. The Bulgarian government condemned the violence, … Read more
As Russia anticipates a possible return of Western corporations, President Vladimir Putin has instructed his cabinet to prioritize domestic firms over foreign businesses seeking to re-enter the market. This move follows economic sanctions imposed after Russia’s 2022 invasion of Ukraine, which led to the departure or downsizing of over 1,800 foreign companies. Recent talks between … Read more