Crypto News

Bitcoin ETFs experienced a net outflow of $60.63 million, primarily due to significant withdrawals from Bitwise’s BITB and Fidelity’s FBTC. In contrast, Ether ETFs saw a modest net inflow of $4.60 million, solely attributed to Fidelity’s FETH. Ether ETFs See Modest $4.60 Million Inflow as Bitcoin ETFs Face Another Day of Withdrawals In a daySource link

Countries targeted by U.S. government sanctions have surged in illicit crypto activity, receiving nearly $16 billion in digital assets last year — about 39% of illicit token transactions — according to a report from Chainalysis released on Wednesday.2024 was a year in which those nations — especially Iran — surged over individuals in sanctions-related activity, noted the report from the crypto-analytics firm."As Western restrictions tighten, sanctioned nations are turning to cryptocurrencies and alternative financial systems to sustain trade and access capital," according to the report, which cited Russian and Iranian financial transactions with trade partners such as China and India, using payment mechanisms that don't rely on U.S. dollars."While cryptocurrency use in sanctioned jurisdictions may be associated with illicit state-controlled...

Former SEC attorney John Reed Stark predicted that a pause to the agency’s appeal against Ripple would come “soon.”Source link

This is a paid promotional article. We encourage you to conduct your own due diligence before participating in any related transactions. BitcoinOS (BOS) unveiled its highly anticipated Grail testnet bridge app on Monday, which they call the “holy grail” technology that will kickstart a new era of innovation and investment opportunities on Bitcoin. With theSource link

HONG KONG - Decentralized finance (DeFi) platform MANTRA said it secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license allows the platform to operate as a virtual asset exchange and offer broker-dealer and investment management services in the region. It positions MANTRA, which focuses on the Middle Eastern region, for global expansion while reinforcing its focus on tokenizing real-world assets (RWAs), the firm said.The firm's Chief Executive Officer John Patrick Mullin described Dubai as a leader in crypto regulation, noting that the approval is a “crucial step” in the platform’s strategy to bridge decentralized and traditional finance. With the license, MANTRA can offer regulatory-compliant financial products tailored to institutional investors, benefiting from...