Cryptocurrency
IMF praises El Salvador’s 4% GDP growth as bitcoin tensions ease
The International Monetary Fund (IMF) praised El Salvador's stronger-than-expected economic growth in a statement on Monday.The update notably did not include previous IMF suggestions that El Salvador would be putting on hold its strategy of accumulating bitcoin BTC$87,860.44, something...
Cryptocurrency
Crypto.com says market maker boosts liquidity, denies trading edge on customers
Cryptocurrency exchange Crypto.com is building an internal market-making team as part of its expansion into prediction markets, a move the company says is fully aligned with federal regulations and intended to improve liquidity, even as market-making in outcome-based trading...
Cryptocurrency
Russia’s central bank proposes plan to allow retail investors to buy crypto –
Saniya -
Key Takeaways While Russians would be permitted to acquire and trade digital assets as speculative holdings, using crypto for commercial transactions would remain bannedNon-qualified investors would face an annual investment ceiling of 300,000 rubles—approximately $3,834 —when transacting through a single...
Cryptocurrency
Russian central bank acknowledges crypto mining as one factor behind Ruble’s rise –
Saniya -
Key TakeawaysCentral Bank of Russia Governor Elvira Nabiullina said that crypto mining is one of several factors supporting the national currency. As of December 22, the currency hovered around $0.01265 per rubleIn a major development, Russia’s central bank has, for...
Cryptocurrency
South Korean payment giant completes stablecoin payments pilot for foreign shoppers –
Saniya -
Key Takeaways Under the pilot, foreign users holding stablecoins in wallets partnered with BC Card were able to convert those assets into digital prepaid cardsBC Card has also formed a dedicated team to monitor developments in both domestic and global...
Cryptocurrency
Hong Kong Insurance Authority Proposes New Crypto and Infrastructure Capital Rules
The regulator unveils a draft framework imposing a 100 % risk charge on crypto assets and offering incentives for infrastructure investments. The Hong Kong Insurance Authority reportedly proposed on 4 December that it will open a public consultation from February...
Cryptocurrency
Ethereum Price Presses Resistance, but Can The Recovery Survive?
Ethereum price started a recovery wave above $2,980. ETH is now consolidating and faces a key barrier near the $3,080 level.Ethereum started a decent upward move above the $3,000 zone.
The price is trading above $2,980 and the 100-hourly Simple...
Cryptocurrency
Recent Bitcoin miner capitulation may signal bottom is near: VanEck
Bitcoin’s hashrate fell 4% over the month to Dec. 15, which could be a positive sign for the cryptocurrency’s price in the months ahead as miner capitulation is “historically a bullish contrarian signal,” VanEck analysts say. “When hash rate compression...
Cryptocurrency
Indonesia’s regulator identifies 29 licensed crypto trading platforms –
Saniya -
Key Takeaways The Financial Services Authority (OJK) released an official whitelist naming 29 crypto asset traders that have met licensing requirements and are now formally registered to operate. Pintu, Pluang, Reku, Tokocrypto, Upbit Indonesia, Stockbit Crypto and Ajaib Kripto, alongside smaller...