HighlightsThe UK’s Financial Conduct Authority has launched a new consultation proposing a ban on public cryptocurrency offerings by unregulated entities.The consultation is expected to be completed in March 2025, and the market watchdog will implement the draft regulations by 2026.The move builds on existing restrictions on the promotion of unregistered cryptocurrencies to UK residents. The UK’s Financial Conduct Authority (FCA) has published a new consultation document proposing a complete ban on the issuance of cryptocurrencies by companies outside its jurisdiction. The move is part of the country’s efforts to strengthen its grip on the rapidly evolving cryptocurrency sector. The proposal,…
Author: Crypto Flexs
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Jessie A. Ellis December 16, 2024 02:52 Learn why companies are increasingly adopting Bitcoin as a financial asset, highlighting cases like MicroStrategy and Tesla and discussing the impact of these trends on global finance. In the evolving financial landscape, more and more businesses are adopting Bitcoin (BTC) as a core component of their treasury strategies. This trend marks a significant shift in global finance as companies look to leverage Bitcoin’s strengths as a hedge against inflation and as a store of value. Notable pioneers of this movement include MicroStrategy, Tesla, and Tether Holdings, according…
Leading cryptocurrency analyst EGRAG has revealed a timeline for XRP to surpass its $5 target and set new highs by double-digit prices of $27. XRP has emerged as a winner in the recent bull cycle, and widely followed market analysts are optimistic that the sky is the limit for this altcoin. EGRAG utilizes pointers captured in its Bifrost Bridge analysis to suggest how long XRP holders will wait for the cryptocurrency asset to demand new heights. that analyze by EGRAG follows XRP’s latest performance, which saw the cryptocurrency asset surge 280% from $0.51309 to $1.90 in November, according to…
The price of Ripple (XRP) has seen significant movement recently, with a notable surge in November to its highest level since 2018. XRP, currently the fourth largest cryptocurrency by market capitalization, has a within 3% chance of overtaking Tether for third place. Following last month’s strong performance, XRP has entered a minor consolidation phase and is down 2% over the past week. Currently, technical indicators suggest a balance between bullish and bearish momentum. XRP RSI is currently neutral Ripple price recently reached its highest price level since 2018, but has fallen 2% over the past week. During the December surge,…
XRP (XRP) has stalled after an incredible six-week rally as profit booking slowed the altcoin’s $3.00 rally. The XRP/USD pair peaked at $2.90 on December 3 and then fell 2% to an intraday low of $2.3 on December 16 in a correction trend that began. As a result, XRP’s price tripled and then fell nearly 18%. This is the value for the last 6 weeks.XRP price rises on RLUSD stablecoin hypeXRP is receiving increasing attention due to its outstanding performance over the past few weeks, as well as major developments within the XRP Ledger (XRPL) ecosystem, including the upcoming RLUSD…
Mark Longo, owner of Peanut the Squirrel, has sent a cease-and-desist letter to cryptocurrency exchange Binance, accusing it of trademark infringement related to its PNUT-themed memecoin.Longo claims Binance used his “Peanut the Squirrel” trademark and mascot likeness without permission to promote the Peanut the Squirrel (PNUT) cryptocurrency. In the complaint, Longo noted that it has been using the PNUT brand for education and animal welfare initiatives since 2017.Cease and desist demands that cryptocurrency exchanges immediately stop using the PNUT mark and mascot likeness and warn of potential legal action, including fines of up to $150,000 per infringement.The case raises important…
Terrill Dickey December 16, 2024 12:10 Digital asset investment products saw record inflows, reaching $44.5 billion in 2024, according to CoinShares. Bitcoin and Ethereum are leading the surge. Digital asset investment products experienced unprecedented inflows in 2024, with annual figures soaring to $44.5 billion, according to a report by CoinShares. This is a four-fold increase compared to the previous year and highlights growing investor interest in digital assets. Bitcoin and Ethereum are leading the way. Bitcoin investment products were at the forefront last week, enjoying inflows totaling $2 billion. These investments have reached $11.5…
Key Takeaways MicroStrategy continues its Bitcoin accumulation, today announcing the purchase of 15,350 BTC for $1.5 billion. The company’s current Bitcoin holdings are worth $45 billion, accounting for more than 2% of the Bitcoin supply. Share this article MicroStrategy today announced that it acquired 15,350 BTC worth approximately $1.5 billion between December 9 and 15, marking its sixth consecutive week of Bitcoin purchases. This announcement comes ahead of the inclusion of the Nasdaq-100 index, which will take effect next Monday. MicroStrategy acquired 15,350 BTC at ~$100,386 per piece for ~$1.5 billion. #Bitcoin Achieved BTC returns of 46.4% QTD and 72.4%…
By Omkar Godbole (All times Eastern Time unless otherwise noted)Imagine you have a rare collectible. Aged like a fine wine, but only with the original price tag. This is how American companies are told to value Bitcoin… stuck in the past instead of reflecting Bitcoin’s true value. This will change from today.Yes, today is when the FASB fair value accounting rules passed in 2023 go into effect. This allows businesses to report their Bitcoin holdings at fair market value rather than purchase price. This change will give businesses more control over how they classify these assets and could accelerate enterprise…
Felix Pinkston December 16, 2024 08:45 GitHub experienced performance issues in November 2024 due to a database error. This incident impacted dotcom customers with an hour-long delay in notifications. According to GitHub, in November 2024, GitHub experienced a single incident that impacted service performance. An outage that occurred on November 19 impacted our notification service, resulting in delays in sending notifications to dotcom customers. Accident Details The incident began at 10:56 UTC and lasted 1 hour and 7 minutes. During this time, the database host went into read-only mode after a maintenance process, which…