Business – Page 593 – PK Press Club

BTC, ETH Edge Higher; HYPE Prices Rise on $1 Billion Buyback Plan

The crypto market began establishing a support level on Thursday after a turbulent few weeks. Bitcoin BTC$109,201.96 and ether ETH$3,857.83 posted slight gains; up 1.6% and 1.1% respectively, and tokens including BNB and SOL showed even larger upward movements. The star of the show was THRESHING$39.76which soared 12% after HyperLiquid Strategies announced plans to raise […]

BTC, ETH Edge Higher; HYPE Prices Rise on $1 Billion Buyback Plan Read More »

Polymarket seeks investment valued at between $12 billion and $15 billion: Bloomberg

Business / Leave a Comment

Prediction Market Polymarket is in preliminary talks with investors for a new investment with a valuation of between $12 billion and $15 billion, Bloomberg reported Thursday, citing people familiar with the matter. That level would represent a more than 10-fold increase from its $1 billion valuation in June, when it raised $200 million in a

Polymarket seeks investment valued at between $12 billion and $15 billion: Bloomberg Read More »

Risk Proxies Dispute Bitcoin’s Rebound; HYPE, XMR Shine: Crypto Daybook Americas

Business / Leave a Comment

By Omkar Godbole (All times ET unless otherwise noted) Crypto market seeks to regain bullish momentum, with bitcoin BTC$109,596.99 trying to exceed $110,000. The CoinDesk 20 Index is up more than 1% in the past 24 hours, alongside double-digit gains for a few select tokens such as HYPE, KHYPE, and XMR. Sentiment on social media

Risk Proxies Dispute Bitcoin’s Rebound; HYPE, XMR Shine: Crypto Daybook Americas Read More »

Revolut secures MiCA license in Cyprus and expands its regulated crypto services across the EU

Business / Leave a Comment

Fintech major Revolut has received a Markets in Crypto Assets (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), allowing it to provide regulated crypto services across all 30 European Economic Area (EEA) countries. Revolut, which serves more than 65 million customers worldwide, said the authorization solidifies its crypto compliance approach in an emailed

Revolut secures MiCA license in Cyprus and expands its regulated crypto services across the EU Read More »

Japanese company Quantum Solutions (2338) adds more ETH, now the 11th largest corporate holder

Business / Leave a Comment

Quantum Solutions (2338), an AI-focused company building an ether ETH$3,896.12 treasury, said its Hong Kong subsidiary, GPT Pals Studio, bought 2,000.13 ether ETH$3,896.12 for $7.85 million on October 21. The Tokyo-based company said it now holds 3,865.8 ETH worth approximately $15.1 million, with an average cost of $4,101 per ETH. The purchase makes it the

Japanese company Quantum Solutions (2338) adds more ETH, now the 11th largest corporate holder Read More »

Tests $0.19 Support as Narrow-Range Breakout Potential

Business / Leave a Comment

The Meme coin consolidates quasi-psychological support while institutional flows and high trading activity suggest position building ahead of a potential breakout. News context Dogecoin fell 0.61% to $0.192 during Tuesday’s session, moving away from intraday highs of $0.195 as sellers capped their gains at resistance. The move follows Monday’s brief push toward $0.20, with traders

Tests $0.19 Support as Narrow-Range Breakout Potential Read More »

Canada’s anti-money laundering watchdog Fintrac imposes record $126 million fine on Cryptomus

Business / Leave a Comment

The Financial Transactions and Reports Analysis Center of Canada (FINTRAC) says it has fined Xeltox Enterprises Ltd. (which operates under the cryptocurrency platform name Cryptomus), a record C$176.96 million ($126 million) for widespread failures to comply with federal anti-money laundering and terrorism financing laws. The fine related to more than 1,000 suspicious transactions and more

Canada’s anti-money laundering watchdog Fintrac imposes record $126 million fine on Cryptomus Read More »

Google’s quantum computing update stokes old crypto fears

Business / Leave a Comment

Bitcoin BTC$109,485.32 was trading steadily near $109,000 during Asian hours on Thursday, extending wide-range play since the Oct. 10 crash that wiped out $19 billion in leveraged bets and weakened risk sentiment. Ether ETH$3,890.45 was hovering near $3,850, with solana (SOL, XRP$2.4162And ADA$0.6403 barely moved in the last 24 hours. The pause comes after a

Google’s quantum computing update stokes old crypto fears Read More »

Could Bitcoin (BTC) fall below $100,000? Volume indicator signals weakness

Business / Leave a Comment

This is daily analysis from CoinDesk analyst and certified market technician Omkar Godbole. Bitcoin BTC$110,317.97 has remained above $100,000 for four consecutive months, a price stability that can be interpreted as the formation of a solid base for the next upward movement. However, a major volume indicator, used to confirm price action, gives a mixed

Could Bitcoin (BTC) fall below $100,000? Volume indicator signals weakness Read More »

Users Can Start Trading Friday After $230 Million Hack Closes

Business / Leave a Comment

WazirX, once India’s largest cryptocurrency exchange by volume, will resume operations on October 24, according to an email sent to creditors. This ends more than a year of uncertainty for thousands of creditors left in limbo after one of the most dramatic collapses in the country’s crypto history, which saw more than $230 million worth

Users Can Start Trading Friday After $230 Million Hack Closes Read More »