Crypto News
Coinbase Secures Spot on UK Crypto Register
Crypto exchange Coinbase (COIN) became the largest crypto exchange to operate in the U.K. after securing a spot on the register of the Financial Conduct Authority (FCA), allowing it to offer crypto services in the country for the first time."It opens up new channels and opens up the ability to launch new products and services," Keith Grose, Coinbase's U.K. CEO, said in an interview.Coinbase has spent the last six months working towards Monday's approval, said Grose. By becoming a registered firm, Coinbase can offer both crypto and cash for investors and traders in the U.K.Gaining a spot on the register is challenging, just 14% of applicants have succeeded.Coinbase already had a presence in the U.K. through its CB Payments Ltd....
Digital Asset Fund Inflows Surge Amid Market Volatility
Digital asset investment products experienced $527 million in inflows last week, driven by volatile market conditions and significant Bitcoin investments. (Read More)Source link
HKMA Reports Stable Credit Conditions for SMEs in Q4 2024
The Hong Kong Monetary Authority's survey indicates that SMEs experienced broadly stable credit conditions in Q4 2024, with minor changes in credit approval perceptions. (Read More)Source link
TRUMP Down 75% From Peak Even as Donald Trump Shills the Token on Truth Social
A market-wide drop has sent Donald Trump’s TRUMP token spiraling further down in the past 24 hours, bringing losses from the peak to a staggering 75%.TRUMP was issued a couple of days before Trump’s swearing-in ceremony on Jan.20 as the first-ever memecoin officially endorsed by a sitting president. It ran from zero to a market cap peak of $14 billion less than 48 hours after going live, though most retail traders lost money on the token, as a CoinDesk analysis showed.Trump continues to endorse the token on his social media platform, Truth Social, where he posted "I LOVE $TRUMP!!" alongside a link to purchase the token over the weekend.However, the market responded with less enthusiasm than anticipated. By Sunday morning,...
Creative Industry Veteran: AI Can ‘Broaden Artistic Horizons’ Without Replacing Human Creativity
A creative industry expert asserts that artificial intelligence tools have broadened the horizons of what’s possible in the art industry and amplified human creativity. The AI Threat Artificial intelligence (AI) tools have “broadened” the horizons of what’s possible in the art industry and should not be seen as a threat to human creativity, Roman Cyganov,Source link