Cryptocurrency-focused service providers in Canada will face stricter regulatory mandates after new laws were introduced in the nation’s 2024 federal budget. Announced on April 16, the budget plans to enforce the Crypto-Asset Reporting Framework (CARF), a system approved by the Organisation for Economic Co-operation and Development (OECD) in August 2022. The move came in response to the G20’s mandate in 2021, which required...
CoinGecko experts published a report on the crypto market for the first quarter, noting the growth in sector capitalization. In the first quarter, the crypto market showed growth, according to a CoinGecko report. The segment’s capitalization grew by 64.5%, reaching a peak of $2.9 trillion in March. In total, capitalization increased by $1.1 trillion. The report indicates that this...
Bitcoin (BTC) has declined by 4.3% over the past 24 hours, resulting in a widespread collapse across the broader crypto market, as investors exit the market at breakeven on the back of the recent recovery push. The cryptocurrency market is witnessing a sharp decline following the latest rebound that saw multiple assets record double-digit gains. Bitcoin reclaimed the...
BlackRock’s Bitcoin ETF was the only spot Bitcoin fund in the United States to record inflows on Monday, setting it apart from other ETFs that reported no inflows or experienced outflows. According to data from Farside Investors, the iShares Bitcoin Trust (IBIT) recorded net inflows of $73.4 million on April 15, albeit a decrease from the $111.1 million...
A Nebraska man is looking at 30 years in prison in connection with a major cryptojacking scheme. According to an April 15 indictment from the United States Attorney’s office in Brooklyn, Charles O. Parks III, also known as “CP3O,” has been charged with defrauding two prominent cloud service providers. Cryptojacking is a cyberattack in which attackers illegally “hijack” the...
According to Markus Thielen, head of research at 10x Research, risk assets like crypto and stocks could see a “significant price correction” in the coming weeks. Sharing his insights in an April 16 investor note, Thielen wrote that the cryptocurrency market is moving towards a “crucial tipping point,” which could lead to a notable correction in prices....
After Iran’s April 13 drone attack on Israel, the crypto market reacted; Bitcoin (BTC) dropped more than 8% from its value to trade at $61,514. The latest correction marked the continuation of a trend that started on April 12 and worsened the next day. Analysts estimate the crypto market liquidated more than $860 million in assets over two days;...
A recent KPMG study shows a renewed enthusiasm among German investors for the cryptocurrency market. The latest uptick in investment comes after a challenging year for the sector and just as the market anticipates the upcoming Bitcoin halving event in mid-April 2024. The report, which surveyed approximately 2,400 private crypto investors across Germany, Austria, and Switzerland, sheds light...
Germany’s largest federal bank is set to launch crypto custody services in collaboration with crypto exchange Bitpanda, targeting institutional and corporate clients. Germany’s biggest state-backed lender with over $350 billion in assets under management, Landesbank Baden-Württemberg (LBBW), will launch crypto custody services for its institutional and corporate clients in the second half of 2024 in a...
The U.S. government is the largest Bitcoin holder among nations worldwide, with approximately $14.7 billion worth of BTC. According to Arkham data, the U.S. government currently holds 212,847 BTC in its treasury wallets, just behind MicroStrategy, which owns 214,246 BTC, which is currently valued at $14.8 billion. Apart from Bitcoin, the U.S. has collected significant quantities of other digital currencies, including Ethereum (ETH)...
