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The New York Department of Financial Services (NYDFS) recently released updated regulations for virtual currency (coin) listings and delistings. These regulations apply to Bitlicensees and limited-purpose trust companies and introduce new requirements for virtual currency entities (VCEs), including advance notification, updated risk assessment expectations, and business model considerations. VCE Coin-Listing Policies According to the latest […]

Alchemy Pay and Worldpay Collaborate to Improve Payment Services Crypto payment provider Alchemy Pay has recently announced a strategic partnership with payment processor Worldpay. This collaboration aims to enhance the fiat-crypto payment experience for Alchemy Pay users by granting them access to Worldpay's Visa and Mastercard payment rails through Alchemy's on and off-ramp service. With

Official Exchange Rate Matches Unofficial Market Rate The Nigerian currency, the naira, recently reached a new low against the US dollar, with an official exchange rate of 1,248 naira for every greenback. This rate closely matches the rates offered on the unofficial foreign exchange market, where the naira has been steadily depreciating. Abandoning the Fixed

Bitcoin's Current Price and Market Volatility Bitcoin is currently priced at $43,638, with a 24-hour trading range of $43,412 to $44,243. This reflects short-term volatility in the market. While the cryptocurrency has experienced a 1.1% decrease in the past day, it has seen a 2% increase over the week and an impressive 19.6% rise over

Coinbase Registered in France Crypto exchange Coinbase has received approval as a registered virtual asset service provider in France. This registration allows Coinbase to operate in France, continuing our plans to grow across Europe," the crypto platform detailed. "France is an important market for Coinbase … We are dedicated to partnering with high-bar regulators across

Argentinian Government Embraces Bitcoin Argentina's Foreign Minister, Diana Mondino, has announced that financial contracts can now be denominated in Bitcoin. This move signals the government's willingness to embrace digital currencies and provide more options for residents. According to Mondino, residents can also settle contracts with any medium of exchange that the parties agree upon. President

Traders Turn to Bitcoin Options as SEC ETF Decision Approaches On December 22, 2023, the open interest for bitcoin options reached an all-time high, surpassing $18 billion. This surge in open interest suggests that bitcoin traders are increasingly using options to manage risk and speculate on the future price movements of bitcoin, especially in anticipation

Arthur Hayes, renowned cryptocurrency market analyst and former CEO of Bitmex, has expressed concerns over the potential success of an upcoming spot bitcoin ETF and its impact on the future of the cryptocurrency. According to Hayes, the widespread adoption of these ETF derivatives could lead to the consolidation of bitcoin custody in the hands of

The Rise of Cryptocurrencies in 2023 This year has been nothing short of remarkable for the cryptocurrency market, with its total value skyrocketing from $827 billion in December 2022 to a staggering $1.736 trillion today. Within this period, numerous cryptocurrencies have experienced significant growth. Let's delve into the top performers and underperformers of the crypto

Bitcoin, the leading cryptocurrency, has established its supremacy over Ethereum in various significant aspects in the past year. Since the beginning of the year until now, the value of ether has experienced a decline of 27.65% compared to bitcoin's price, dropping from 0.073 ether to its current level of 0.052 ether. Bitcoin's Superiority in 2023: