Crypto Market Time

2024-02-06 19:00:01 Ads for Bitcoin spot ETFs Go Live on Google

Spot Bitcoin Exchange-Traded Funds (ETFs) were approved in the United States by the Securities and Exchange Commission (SEC) in early January. A report from Financial Times claims that Bitcoin ETF ads have been made live on search engine Google. Google’s updated advertising guidelines now permit the display of ads promoting ‘cryptocurrency coin trusts’ alongside search results for queries related to ‘bitcoin ETF.’

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2024-02-05 21:29:01 Spanish Treasury to seize crypto to pay tax debts

The Spanish Ministry of Finance is looking to expand its control over the monitoring of cryptocurrencies in the country to allow it to seize digital assets to settle tax debts. The ministry, led by María Jesús Montero, is developing legislative reforms to the General Tax Law, specifically Article 162, to allow the Spanish Tax Agency to identify and seize crypto assets owned by taxpayers who have overdue debts, according to reports.

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2024-02-05 07:35:00 Coinbase Sees Positive Setup for Bitcoin as Exhaustion Hits Factors Pressuring BTC

Cryptocurrency exchange Coinbase says many technical factors pressuring bitcoin, and crypto more broadly, are starting to be exhausted. “We expect macro factors to become more relevant for the digital asset class in the weeks ahead, which could be supportive for performance,” Coinbase’s analysts detailed.

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2024-02-04 18:46:21 Crypto Trading Volumes Reached a 12-Month High

Analysts at blockchain analytics firm CryptoRank observed that trading volumes on centralized exchanges rose 10.4% since December 2023 to a 12-month high of more than $800 billion in January. Interestingly, Binance accounted for $400 billion as it appears to recover from the regulatory challenges it faced across several jurisdictions, including the U.S. Despite the increasing regulatory scrutiny, Binance remains the dominant trading platform, commanding an impressive 52% of the market.

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2024-02-04 09:10:36 Veteran Investor Jim Rogers on Crypto: Bitcoin Unlikely to Become Money, Governments Favor CBDCs

In a new interview, Jim Rogers, who helms Rogers Holdings Inc. and was a co-creator of the Quantum Fund alongside George Soros in the 1970s, shared his observation of “various signs that something is going to go wrong soon” within the U.S. economy, predicting an impending recession. Additionally, Rogers discussed the leading crypto asset bitcoin, emphasizing his skepticism towards cryptocurrencies evolving into actual money.

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2024-02-03 21:03:40 Hong Kong asserts rigorous crypto regulations amid market evolution

Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, reiterated the special administrative region’s banner of “same activity, same risk, same regulation,” under which Hong Kong crafted a licensing regime for virtual asset service providers (VASP). Hong Kong before the implementation of the new licensing system had been granted a transitional period intended to support them in adapting to the regulatory framework.

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2024-02-03 12:11:09 EU Regulator Proposes Stricter Rules for Foreign Crypto Firms

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator, has proposed stricter rules for crypto firms based outside the EU, limiting their ability to directly serve customers within the bloc to ensure fair competition.

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2024-02-02 20:31:58 Solana registers all-time high in monthly new addresses for January

There was significant increase in the number of new addresses on the Solana blockchain during the month of January, according to The Block’s data dashboard. The monthly count of new addresses on Solana increased to 11.81 million for January. This gain represents an 18% rise in new addresses on the network from December’s count of about 10 million — which was a multi-month high at the time.

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2024-02-02 11:29:02 US to launch survey on cryptocurrency miners’ energy consumption

The United States, through the Energy Information Administration (EIA), will start collecting data about cryptocurrency miners’ energy consumption rate within the nation starting next week. On Jan. 31, the EIA revealed its intention to initiate a provisional survey targeting commercial cryptocurrency miners. This survey was authorized by the Office of Management and Budget (OMB) as an emergency data collection request, signifying the urgency of obtaining this information.

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2024-02-01 20:51:32 Hut 8 signs four-year deal to manage Celsius Bitcoin mining operations Ionic Digital

Hut 8 has formalized a comprehensive four-year partnership with Ionic Digital Inc., encompassing end-to-end managed services across all of Ionic’s Bitcoin mining operations. This move was announced on Feb. 1, marking a significant development for Ionic, a mining-focused entity that recently emerged from Celsius’s Chapter 11 bankruptcy. Ionic would be led by the former Chief Commercial Officer of Hut 8, Matt Prusak.

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