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2024-04-19 09:51:43 Kraken acquires online brokerage TradeStation's crypto arm amid U.S. expansion

Kraken has acquired the cryptocurrency arm of online brokerage TradeStation. The acquisition is part of the exchange's push to broaden its services in the U.S., a Kraken representative said in a statement to The Block. Kraken's stateside growth forms part of the company’s broader expansion strategy that has seen the exchange pick up licenses in several key European markets, such as Spain and Ireland, earlier this year.

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2024-04-18 19:14:58 Binance Secures Full Virtual-Asset Services Provider License in Dubai

Binance, the world's largest crypto exchange by trading volume, said it has been awarded a full virtual-asset services provider (VASP) license by Dubai's Virtual Assets Regulatory Authority (VARA) almost a year after entering the third stage of the emirate's four-stage process. "As we secure the esteemed full market VASP Licence, it notably amplifies our unwavering commitment to advancing the financial landscape through compliance and innovation," CEO Richard Teng said in a statement.

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2024-04-18 10:14:18 Polkadot parachain Polimec aims to transform Web3 fundraising via decentralized platform

Polkadot’s parachain Polimec wants to revolutionize fundraising for Web3 projects through an innovative approach that sets it apart from rivals. Co-founder Kasper Mai Jørgensen further explained that Polimec enables fundraising directly on-chain without intermediaries in a transparent, fully decentralized, and regulatory-compliant manner. The project was conceptualized in 2020 by the team behind KILT Protocol and later became an independent project with its own non-profit organization in June 2022.

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2024-04-17 20:44:17 Bitcoin halving could be 'buy the rumor, sell the news' event, crypto payments company CEO says

The bitcoin halving could be a "buy the rumor, sell the news" event, according to the CEO of a crypto payments solution provider. "With more sophisticated market participants and institutional investors in this market cycle, we may see a case of ‘buy the rumor, sell the news’ for this halving," Coinify CEO Rikke Staer said in an email sent to The Block.

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2024-04-17 08:34:36 Exchanges expected to run out of Bitcoin 9 months after halving – Bybit report

A recent analysis by crypto exchange Bybit has sounded the alarm on a potential shortage of Bitcoin (BTC) on exchanges by the end of 2024 if demand remains at similar levels. The report predicts that reserves could be entirely depleted within the next nine months if current withdrawal rates persist — currently around 7000 BTC per day. The shortage forecast is closely tied to the anticipated halving event in 2024, which will cut the Bitcoin production on each block by half.

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2024-04-17 04:09:38 Bitcoin Could Surge to $120K on 'Doomsday Rally,' Trader Says

International politics and the search for an investment hedge could fuel a bitcoin (BTC) surge in the coming months, even after confidence in the largest cryptocurrency was dented by a 10% weekly drop, some traders say. Bitcoin has long been considered a possible hedge against geopolitical events and was originally created in the wake of the 2008 financial crisis. Some traders say the hedging narrative remains viable despite BTC being highly correlated with traditional market assets for several years.

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2024-04-16 08:34:09 Bitcoin sees record fees in 2024 as halving approaches

As the Bitcoin halving draws near, Bitcoin activity is witnessing a significant uptick in fees and hash rate. On April 12, Bitcoin recorded its highest one-day fees in 2024, reaching an impressive $11 million. CryptoSlate reported on April 10 that this fee surge had gradually increased since early April. Interestingly, Bitcoin and Ethereum fees are starting to converge, with a difference of just $190k on April 14. Ethereum fees on April 14 hit $5 million, the lowest amount since Feb. 5.

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2024-04-16 04:09:13 Hong Kong approves Bitcoin and Ethereum ETFs as US lingers on ETH approval

Hong Kong further solidified its status as a crypto hub, with several issuers reporting approval of their spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs) applications on April 15. China Asset Management, one of the issuers, disclosed that its Hong Kong entity received regulatory approval to offer virtual asset management services, paving the way for Spot Bitcoin and Ethereum products.

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2024-04-15 08:53:08 Crypto Markets Lost Over $400B as Bitcoin (BTC) Slumped by $10K in 2 Days

Bitcoin’s dominance keeps increasing as the alts took another massive beating. It was just 48 hours ago when BTC’s price hovered calmly above $70,000, and it even challenged $71,000, but to no avail. Yet, the landscape changed for the worse on Friday evening after speeches from high-ranking officials representing the US central bank that said the Fed has no plans to start lowering interest rates anytime soon.

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2024-04-14 10:28:46 Ethereum's Pectra upgrade to bring smart contract functionality to wallets as experts debate EIP-3074

After a wait of nearly four years since its initial proposal, Ethereum developers have set their sights on including EIP-3074 in Ethereum's next upgrade, nicknamed Pectra, which is expected later this year. This enables functionality like approving a large batch of transactions all at once, paying gas in different ERC20 tokens, enhanced security or account recovery, and more. However, the upgrade is still a step away from full account abstraction, as the delegated wallet cannot initiate transactions.

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