Summary Kraken, a US-based crypto exchange, has obtained VASP (Virtual Asset Service Provider) registration from the Dutch Central Bank (DCB). This allows Kraken to offer its services in the Netherlands, Europe’s fifth-largest economy. The Netherlands: A Key Market for Kraken’s European Growth Strategy The Netherlands has one of the highest rates of fintech and crypto…
Rekt Capital’s Insights Widely followed crypto analyst Rekt Capital predicts a breakout in altcoin markets. Altcoin market cap poised for a significant surge. Ethereum’s Role Ethereum’s (ETH) current rally may trigger a broader altcoin rally. ETH’s potential to reach a range high. Specific Altcoins Decentralized oracle provider Chainlink (LINK) dips while competitor Solana (SOL) rallies….
Tom Dunleavy, a crypto analyst and Chief Investment Officer at MV Capital, shared his thoughts on Bitcoin and Cardano’s future. Bitcoin’s Rise to $100,000 Dunleavy believes Bitcoin will reach $100,000 soon, citing the upcoming Bitcoin Halving as a catalyst. He explained that Bitcoin’s price tends to increase significantly after each Halving event. Other factors contributing…
In a major turn of events, Do Kwon, the founder of Terraform Labs, has avoided extradition to the United States after the Montenegro government overturned its previous decision. Appellate Court Overturns Extradition Ruling The Montenegrin Court of Appeal accepted Kwon’s defense attorneys’ appeal, annulling the previous extradition decision made by the High Court in Podgorica….
Han Chang-joon Detained: Former Chief Financial Officer of Do Kwon’s Terraform Labs Korea, Han Chang-joon, has been detained following an arrest warrant issued by the Seoul Southern District Court. The court cited concerns over Han’s potential flight risk amidst the ongoing investigation into the Terra-Luna cryptocurrency scandal. Charges Against Han Chang-joon: Han faces charges that…
Kraken, a leading global crypto exchange, is accelerating its European expansion plans with a key regulatory approval in the Netherlands. Dutch VASP Registration: A Milestone for Kraken Kraken secured a Virtual Asset Service Provider (VASP) registration from the Dutch Central Bank, marking a significant milestone in its European expansion strategy. This registration demonstrates Kraken’s commitment…
Amidst the recent banking turmoil in the US, prominent financial figures have shared their insights on how investors can protect themselves. Robert Kiyosaki’s Warning and Bitcoin’s Role: Robert Kiyosaki, author of “Rich Dad, Poor Dad,” cautioned investors about a looming banking crisis. He likened the current financial system to US Navy Flight School, where student…
Prometheum’s Strategy Prometheum, an alternative trading platform for crypto securities, recently launched custodial services for Ethereum (ETH). This move has significant implications for the legal status of ETH, the second-largest cryptocurrency by market capitalization. Prometheum’s strategy is to compel regulators, particularly the Securities and Exchange Commission (SEC), to recognize Ethereum as a security. The company…
Ethereum’s Exchange Netflow Indicator Signals Bullish Momentum Exchange Netflow: Tracks the net amount of Ethereum entering or exiting centralized exchanges. Positive Value: Indicates more inflows than outflows, potentially leading to selling pressure. Negative Value: Indicates more outflows than inflows, suggesting accumulation for long-term holding. Recent Trend in Ethereum Exchange Netflow: 14-day EMA: Mostly negative, indicating…
Ethereum staking has reached a significant milestone, with over 25% of the total ETH supply now staked. This is despite the poor performance of the ETH price over the past year. Staking on the Rise Liquid staking protocols like Lido Finance have seen a steady increase in the amount of ETH being staked. As a…
