Binance is set to implement new compliance measures for South African users, requiring sender and receiver information for all crypto deposits and withdrawals. In an announcement on April 23, the largest exchange in terms of daily trading volume of cryptocurrencies said the move comes in response to local regulatory demands. Starting April 30, Binance users
What are spot Solana ETFs and why are they important? A spot Solana ETF is an exchange-traded fund that holds Solana (SOL) tokens directly, providing investors real-time exposure to the asset’s market price. Rather than using complex trading platforms or crypto wallets, you can access Solana via a regulated financial product traded on a traditional
Ether has outperformed Bitcoin and the wider crypto market with a 15% surge, helping it bounce from an all-time low market dominance. 2813 Total views 6 Total shares Ethereum’s price has surged after having been in the doldrums for weeks, helping boost its market share after it hit record lows. Ether (ETH) has surged almost
Bitcoin mining firm Bitdeer secured $60 million in loans to ramp up its Bitcoin ASIC manufacturing efforts as global mining competition intensifies amid record-breaking network hashrates. According to its annual report, Bitdeer entered a loan agreement in April with affiliate firm Matrixport, a crypto financial services company founded by Bitdeer’s chairman, Jihan Wu. The facility
Mantra founder and CEO John Mullin has begun an $80 million burn of OM tokens to regain users’ trust following the token’s crash earlier in April. However, the question of the underlying reasons for the crash remains unanswered, blockchain investigators told Cointelegraph. Unpacking Mantra’s OM crash would require a detailed forensic study rather than just
BTC price behavior hints at a pullback as Bitcoin market observers spot stiff resistance overhead. 409 Total views 1 Total shares Bitcoin (BTC) rallied above $89,000 on April 22, its highest level since early March, buoyed by strong spot demand during US trading hours on April 21. The recovery, however, faced a serious challenge in
Organized crime groups across Southeast Asia have scaled their operations by exploiting cryptocurrency and launching their own coins, exchanges and blockchain networks to launder billions of dollars, according to a new report from the United Nations Office on Drugs and Crime (UNODC). The report said criminal syndicates are no longer just using existing crypto infrastructure.
Cryptocurrency firms and exchanges are increasingly moving into Wall Street territory, launching more traditional investment offerings and showcasing the increasing connection between crypto and traditional finance (TradFi). “There’s a growing synergy between traditional financial investments and the emerging crypto space,” according to Gracy Chen, the CEO of Bitget, the world’s sixth-largest crypto exchange. “Crypto players
The cryptocurrency market has witnessed a surge in the adoption of automated trading solutions, with trading bots gaining prominence for their ability to analyze vast data sets and execute trades with precision. Cointelegraph has dissected historical bot revenues and token price rollercoasters and backtested strategy returns against the buy-and-hold yardstick to decode what bots shine
Crypto ETPs saw modest inflows of $6 million last week, reflecting mixed investor sentiment but showing signs of recovery, according to CoinShares. 951 Total views 2 Total shares Cryptocurrency exchange-traded products (ETPs) showed signs of recovery last week with minor inflows, after shedding more than $1 billion in outflows in the previous two weeks. Crypto