Markets

26 December 2024

250% Growth Propels Ripple XRP Towards $8 Target

Reports revealed that Ripple's XRP has grown in price by over 250% in the past three months, drawing attention from crypto investors. Analysts have predicted the price might rise to $8 in the coming months. Ripple Chief Executive Officer Brad...

25 December 2024

EPC Requests Proposals For API Test Toolbox To Verify Payees

The European Payments Council (EPC) has reportedly issued a Request for Proposals (RFP) to create an API Test Toolbox for its Verification of Payee (VOP) scheme. Reports revealed that this scheme will help Payment Service Providers (PSPs) in the European...

25 December 2024

Former FTX Executives See Reduced Prison Sentences

Caroline Ellison and Ryan Salame, former executives of the bankrupt cryptocurrency platform FTX, have reportedly had their prison sentences shortened. According to reports, this was due to their good behavior as inmates and cooperation with prosecutors. Both pleaded guilty to...

25 December 2024

New Rules In Turkey Aim To Prevent Money Laundering

Turkey has introduced new cryptocurrency rules, taking inspiration from international regulations like Europe’s Markets in Crypto Assets (MiCA). The rules aim to control cryptocurrency transactions and help fight issues like money laundering and terrorism financing. A document, published on December...

25 December 2024

Bitcoin Gains Ground As Russia Approves Its Use In Trade

Anton Siluanov, Russia's finance minister has shared that local companies are already using bitcoin and other digital money for cross-border transactions. This announcement came after the government changed the rules to let companies use crypto to work around sanctions, according...

25 December 2024

SBI VC Trade To Take Over DMM Bitcoin Accounts

SBI VC Trade, a well-known Japanese cryptocurrency exchange, has confirmed it will accept customer accounts and assets from DMM Bitcoin. DMM Bitcoin, part of the DMM.com Group, faced serious problems after a cyberattack earlier this year. After the incident, the...

24 December 2024

Revolut downloads surpass legacy banks in the UK

The UK is seeing a major shift in online banking, as the local neobanks have surpassed traditional banks in mobile app downloads. This is the first time this has happened, and it represents a major achievement for the emerging challenger...

24 December 2024

South Korea Sees Crypto Rise After Trump Wins US Election

Crypto holders in South Korea reportedly increased in November after Donald Trump became the President of the United States. On Dec. 25, the number of people using crypto in the country rose by 610,000. Representative Lim Kwang-Hyun from the Democratic...