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 […]
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 »
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 »
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 »
XRP is pulling back from intraday highs amid more intense trading activity, holding above key support levels while lagging broader crypto benchmarks. News context XRP slipped 1.17% to $2.39 during Tuesday’s session, underperforming the CD5 index by 1.47 percentage points as sellers regained control in the short term. The move came despite a 5.77% increase
And then as the structure tightens between $2.33 and $2.44 Read More »
Crypto-related stocks took a beating on Wednesday, with high-flying Bitcoin miners with artificial intelligence (AI) infrastructure recently taking the hardest hit. Bitfarms (BITF), Cipher Mining (CIFR), Hut 8 (HUT) and HIVE$0.1359 fell by 10 to 15% in the early hours of the session. Galaxy (GLXY), the digital asset investment firm with a growing data center
GLXY, HUT and BITF in the lead decline on Wednesday Read More »
In a move that underscores the growing convergence of decentralized infrastructure and enterprise AI, Inveniam Capital Partners has signed a definitive agreement to acquire Storj, a long-time player in decentralized cloud storage, the company announced in a press release on Wednesday. Financial details of the transaction were not disclosed. The deal will integrate Storj’s distributed
Inveniam Capital Partners Acquires Storj to Advance Decentralized Data Infrastructure Read More »
Crypto exchange Kraken’s revenue more than doubled in the third quarter as the crypto exchange ramps up for an expected public listing next year. The company, legally known as Payward Inc., generated $648 million in revenue in the third quarter, an increase of 114% from the same period last year. Kraken defines revenue as gross
Crypto Exchange Kraken Revenue More Than Doubles in Q3 to $648 Million Read More »
Hello, Asia. Here’s what’s making news on the markets: Welcome to Asia Morning Briefing, a daily summary of the top news stories during U.S. business hours and insight into market movements and analysis. For a detailed look at US markets, check out CoinDesk’s Crypto Daybook Americas. Crypto markets entered a holding pattern mid-week. Bitcoin is
The UK’s Financial Conduct Authority (FCA) said it is pursuing cryptocurrency exchange HTX for illegally promoting digital asset services in the country. The FCA has started legal proceedings against the exchange formerly known as Huobi in the High Court in London, according to an emailed statement on Thursday. The financial regulator had previously issued warnings
UK FCA sues Crypto Exchange HTX for illegal promotion of digital assets Read More »
