Bithumb, South Korea’s second-largest cryptocurrency exchange by trading volume, is reportedly facing a possible partial business suspension of up to six months as regulators step up enforcement over anti-money laundering controls. South Korea’s Financial Intelligence Unit (FIU) gave Bithumb a preliminary notice of a six-month partial suspension over alleged anti-money laundering and know-your-customer failures under…
Nasdaq will connect its European markets to Seturion, the pan-European blockchain-based settlement platform for tokenized assets operated by Boerse Stuttgart Group, in a move to enhance settlement efficiency and reduce fragmentation, the company said Monday. The initiative seeks to modernize post-trade infrastructure, improve efficiency, and accelerate the adoption of tokenized securities across Europe. With an…
UK-based digital asset firm Stack BTC Plc has secured £260,000 in fresh funding, with Reform UK leader Nigel Farage emerging as a key investor after acquiring a roughly 6% stake in the company. Summary Nigel Farage acquired an estimated 6% stake in Stack BTC through a £260,000 fundraising round. The company issued 5.2 million shares…
Kraken will be working with Nasdaq to deliver tokenized stocks. Payward, the infrastructure platform behind the popular US-based crypto exchange Kraken, has announced that it will be teaming up with Nasdaq. The initiative aims to develop tokenized equities and further bridge traditional capital markets with blockchain-based financial systems. The move highlights a growing effort…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Traders watching Bitcoin climb alongside US software stocks last week may have drawn the wrong conclusion. According to NYDIG, a financial services company focused on Bitcoin, the visual parallel is misleading. Only about 25% of BTC price movement can be traced back…
Excessive use and oversight of artificial intelligence tools in the workplace may cause “AI brain fry,” according to researchers from Boston Consulting Group and the University of California. Workers who are using AI tools report that the technology is “intensifying rather than simplifying work,” researchers wrote in the Harvard Business Review on Friday. A study…
Markets took a double hit on Thursday. Oil spiked to $88 on geopolitical drama. Then a brutal jobs report kicked risk assets while they were already on the floor. Bitcoin dropped 3.7% to around $69K. Ethereum slid 4.2%, falling below the $2K mark. Solana took the worst beating among majors, down 5% to roughly $85….
Crypto ATMs are increasingly being exploited by scammers and illicit actors, according to a new report from the U.S. Department of the Treasury submitted to Congress under the GENIUS Act. Summary The US Treasury warned that crypto ATMs are increasingly being used in scams, with reported losses reaching $246.7 million in 2024. The agency also…
A busy week lies ahead with all eyes on oil prices and key inflation reports due on the United States economic calendar. Crypto markets saw another red Monday morning as digital assets erased last week’s gains and returned to their sideways channel. The only thing going up at the moment is oil prices, with…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The price of Bitcoin has struggled to muster a sustained upward climb over the last few weeks, with the latest one failing around the $74,000 mark in the past week. However, the premier cryptocurrency seems to have deeper problems than failed price…
