Crypto News And Market Updates

Bitcoin Miners equipment in operation amid market turmoil.

Bitcoin Miners Face ‘Capitulation’ as Profits Diminish Amid BTC Sell-Off

July 6, 2024 Paulo

Bitcoin miners approach capitulation as profits diminish and BTC sell-off continues, hitting hashrate lows akin to post-FTX collapse conditions.

Crypto exchanges adjusting to new EU Travel Rule compliance measures starting December.

EBA to Extend EU Travel Rule to Crypto Exchanges Starting December

July 5, 2024 Paulo

The European Banking Authority expands the EU Travel Rule to include crypto exchanges, enhancing AML measures. Compliance begins December 30.

Cinematic illustration of Bitcoin integrated with banking and financial infrastructure, symbolizing institutional adoption in 2026.

German Lawmaker Calls Government’s Recent Mass Bitcoin Sell-Off “Not Sensible”

July 5, 2024 Paulo

Joana Cotar criticizes Germany’s mass Bitcoin sell-off, urging the government to hold BTC as a strategic reserve and develop a comprehensive Bitcoin strategy.

Illustration of cryptocurrency phishing scam showing a hacker stealing digital assets from a computer.

Crypto Scammers Stole Nearly $60M from 20 Victims in H1 2024

July 5, 2024 Paulo

Crypto scammers stole nearly $60M from 20 victims in H1 2024, contributing to a total of $314M in phishing-related losses, reports Scam Sniffer.

New Zealand tax authority cracking down on crypto investors avoiding tax disclosures.

New Zealand Cracks Down on Crypto Investors Avoiding Tax Disclosures

July 4, 2024 Paulo

New Zealand’s tax authority targets crypto traders avoiding tax disclosures. The IRD has identified 227,000 users involved in NZ $7.8b transactions.

A visual representation of a Bitcoin whale transfer in the cryptocurrency market

Sleeping Bitcoin Whale Wakes Up with $6.9M Transfer

July 4, 2024 Paulo

A dormant Bitcoin whale awakens, transferring $6.9M after 12 years of inactivity. This move adds intrigue to the market amid a crypto downturn.

Basel Committee Approves Crypto Disclosure Framework for Banks

Global Banking Regulators Approve Framework for Banks to Disclose Crypto Exposure

July 4, 2024 Paulo

The Basel Committee on Banking Supervision has approved a framework for banks to disclose their crypto exposure starting 2026, enhancing market discipline.

Blockchain

Bitget Sees India as High-Priority Market, Mulls Expansion

July 3, 2024 Paulo

Bitget considers India a high-priority market and is engaging with local regulators for licensing, aiming to serve India’s rapidly growing crypto user base.