Cash News The European Securities and Markets Authority (ESMA) has called on EU lawmakers to strengthen crypto regulations by mandating external cybersecurity audits for companies in the sector, the Financial Times reported on Oct. 16. This recommendation comes as the crypto industry faces an alarming increase in cyberattacks, which are putting consumer protections at risk. […]
Cash News Tesla, the electric vehicle leader, has transferred its entire Bitcoin (BTC) holdings, worth approximately $765 million, to a series of unidentified wallets, raising questions about the companyâs strategy toward crypto. According to Arkham Intelligence data, the transfers involved 11,500 Bitcoin that were moved over 26 distinct transactions to multiple new addresses. Despite the large-scale […]
Cash News Alex Thorn, head of research at Galaxy Digital, shared a âpolicy scorecardâ based on the US presidential candidatesâ stances toward the crypto industry. The card suggests that Vice President Kamala Harris winning the election has limited downside risk for the industry and would be more favorable than the current Biden regime. However, former US […]
Cash News Crypto-related investment products saw inflows of around $407 million, according to CoinSharesâ latest weekly report. CoinShares head of research James Butterfill said the strong inflows are likely driven more by political developments, particularly the upcoming US elections, rather than changes in monetary policy. According to Butterfill: âThis trend is evident in the fact that stronger-than-expected […]
Cash News Vice President Kamala Harris has unveiled plans to establish a regulatory framework for cryptocurrency and digital assets, aiming to protect Black men who invest in these markets. This initiative is part of her broader Opportunity Agenda, which seeks to provide tools for wealth creation and economic advancement within the Black male community. As […]
Cash News ETC Group advised investors to hold Ethereum (ETH), Solana (SOL), and Aptos (APT) due to their strategic importance in the layer-1 blockchain space in an Oct. 8 report. As Ethereum faces mounting competition from newer blockchains, the report highlighted the importance of evaluating the marketâs recent conditions and long-term performance. Ethereum faces challenges […]
Cash News Bitcoin (BTC) is on track to experience its longest period of sideways trading during a halving year if it doesnât show significant upward movement within the next 14 days. According to a dashboard shared by CryptoQuant CEO Ki Young Ju, the longest time BTC took to rise was 298 days. Bitcoin achieved its […]
Cash News Crypto continues to gain momentum among younger investors, with 62% of Millennial ETF investors planning to allocate a portion of their portfolios to digital assets in the coming year, according to Charles Schwabâs 2024 ETFs and Beyond Study. For all investors surveyed, crypto ranked as the second most popular asset class, signaling a […]
Cash News The amount invested by new Bitcoin (BTC) whales is up 13x this year to nearly $108 billion on Oct. 6, according to CryptoQuant data. The investment made by new whales represents 48.8% of Bitcoinâs total realized cap, almost reaching the $113 billion paid by âold whales.â Notably, this is the highest amount spent […]
Cash News Ripple Labs, the San Francisco-based blockchain firm, has introduced new features and integrated compliance functionality that bring bank-grade custody technology to its crypto custodial services, according to an Oct. 10 statement. Ripple stated that the new features include hardware security module (HSM) options, pre-configured operational and policy settings, as well as advanced anti-money […]