Revolut, the London-based digital banking giant that boasts over 40 million customers globally, has taken a major step forward in the competitive landscape of cryptocurrency trading with the official launch of its highly anticipated Revolut X cryptocurrency exchange platform. In response to this monumental development, Alex Saleh, Head of Partnerships at blockchain protection company Coincover, heralds Revolut’s entry into cryptocurrency exchanges as a transformative moment for the UK cryptocurrency ecosystem. Saleh highlights the pivotal role of Revolut’s launch in overcoming previous regulatory uncertainty that hindered innovation within the sector. “The launch of Revolut’s new cryptocurrency exchange is a significant development…
Author: Crypto Flexs
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https://unsplash.com/photos/red-and-blue-light-streaks-fiXLQXAhCfk On April 15, 2024, at the Innovative Finance Global Summit, UK Economic Secretary Bim Afolami announced plans to introduce new laws to regulate the issuance and use of stablecoins and cryptocurrencies in the UK. This comprehensive regulatory framework is expected to be released by July 2024 and will position the UK as a leader in regulating the burgeoning cryptocurrency industry. The UK’s cryptocurrency industry is one of the fastest-growing cryptocurrency markets globally, surpassing Germany and the US after experiencing aggressive growth over the past decade. The popularity of cryptocurrencies in the country and their…
The cryptocurrency market has recently seen a stark difference in the behavior of two major assets: Bitcoin and Ethereum. While Bitcoin appears to be entering a phase of relative stability, Ethereum’s journey presents a contrasting picture of continued uncertainty, especially in the options markets. This difference is highlighted by the continued high levels of implied volatility associated with Ethereum options, signaling a cautious outlook among investors regarding future price movements. Ethereum Sustained Volatility: Comparative Analysis Implied Volatility (IV) serves as an important indicator in the options market and provides insight into the expected price movement of an asset over a…
Analysts at Keefe, Bruyette & Woods (KBW) have weighed in on a potential legal battle between Robinhood and the U.S. Securities and Exchange Commission (SEC), expressing confidence that the popular trading platform will likely win the cryptocurrency-related court case. . The assessment comes amid heightened tensions between Robinhood and the SEC over the company’s cryptocurrency offering and regulatory compliance. The dispute between Robinhood and the SEC centers on the regulatory classification of certain cryptocurrency products offered by the trading platform, specifically digital asset wallets and cryptocurrency trading services. The SEC has raised concerns about the legal status of these offerings,…
Fantasy.top and Pump.fun are now among the top 10 cryptocurrency protocols by fees and revenue generated, according to DeFiLlama data.Although both protocols have only been out for a few months, they have quickly gained a large user base and are generating significant transaction volumes.Fantasy.top, a decentralized exchange (DEX) for exchanging trading cards of prominent cryptocurrency individuals, currently ranks 7th behind Tron, but surpasses BNB smart chain DEX PancakeSwap. Pump.fun, a memecoin launch and trading platform, currently ranks 8th in terms of fees generated. Fantasy.top and Pump.fun are included in the top 10 DeFi protocols by fees generated. Image: DeFiLlama.According to…
join us telegram A channel to stay up to date on breaking news coverage Analysts and investors generally view the decline in Bitcoin dominance as a harbinger of a potential rise. Altcoin market. allTherefore, current market trends could mean capital moving from Bitcoin to altcoins. The small decline in Bitcoin market share represents a subtle but important change. Analysts believe this could have further consequences. explosive performance For alternative coins. However, this year, Bitcoin’s dominance increased overall, resulting in a mixed market. Next Cryptocurrency to Explode As the market declines following the Bitcoin halving, attention in the cryptocurrency market will…
Analytics firm IntoTheBlock has issued a warning that deep-pocketed Bitcoin (BTC) investors are starting to show signs of exhaustion. IntoTheBlock said on social media platform However, the analytics firm warned that wallets holding more than 1,000 BTC are starting to show disinterest in buying the dip as Bitcoin struggles to maintain bullish momentum above $60,000. IntoTheBlock says net flows from large holders, a metric that tracks bitcoin flowing into and out of whale wallets by measuring inflows minus outflows, have plummeted after surging in March. “Whales are buying dips, but is their confidence waning? Addresses holding more than 1,000 BTC…
FTX’s new amendment promises “billions of dollars in compensation,” but creditors are unhappy with certain provisions related to law firm Sullivan & Cromwell (S&C).FTX’s new revised proposal for repaying creditors, announced on May 7, includes an exculpatory clause, a provision that releases certain parties from liability if damages occur during the course of bankruptcy proceedings.In FTX’s case, S&C may have included a clause absolving it from potential liability, according to Sunil, a popular FTX creditor who is part of the FTX Customer Ad Hoc Committee, the largest group of over 1,500 FTX creditors.In an X post on May 8, Sunil…
The Democratic Party of Korea is now pursuing the next necessary steps to fulfill its promise during the election campaign to revitalize Bitcoin exchange-traded fund (ETF) spot as the country’s primary virtual asset. The parties plan to submit a request to the Financial Services Commission (FSC), proposing that the FSC reconsider its assessment of the legal status of Bitcoin spot exchange-traded funds. The Federal Securities Commission (FSC) previously declared that domestic securities firms may violate the Capital Markets Act if they list an international spot Bitcoin exchange-traded fund (ETF). in koreaAdvocates for spot Bitcoin exchange-traded…
In order to make a practical contribution to the development of the Hong Kong tokenization market, the Hong Kong Monetary Authority (HKMA) has established the ‘Project Ensemble Architecture Community’. By developing industry standards and promoting interoperability between tokenized assets and wholesale central bank digital currencies (wCBDCs), the group plans to achieve its goals. The Hong Kong Monetary Authority (HKMA) aims to allow efficient and secure transactions using tokenized assets by establishing a framework for seamless interbank settlement of tokenized deposits. The goals of the Project Ensemble Architecture community are to: Establishing industry standards: The community…