Franklin Templeton is reportedly considering a private fund for institutional investors dedicated to altcoins.
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- Crunch
- Global
Binance, the leading global cryptocurrency exchange, has reactivated the option for users to buy cryptocurrencies using Mastercard. This move marks a significant step for smooth financial operations, allowing transactions up to €5,000 or approximately $5,440, and up to $20,000 for U.S. dollar transactions. The company is also planning to integrate more regulated fiat payment options to simplify crypto purchases further.
Following an intensive compliance review, Mastercard has decided to reinstate its services for Binance, reflecting confidence in the exchange’s enhanced controls and processes. This development comes after a series of regulatory challenges and the recent discontinuation of Binance’s Visa card services in the European Economic Area.
Despite past regulatory hurdles, including allegations by the SEC and other legal challenges against its founder, Binance’s latest partnership with Mastercard signals a potentially stabilizing period for the platform and its users, promoting broader accessibility to cryptocurrencies.
The plaintiffs seek to recover funds transferred out of their wallets as criminal proceedings against the exchange continue.
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The unsolicited buyout bid followed a series of long-term business contracts in which Core Scientific would provide infrastructure for Coreweave.
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BIGCAP COINS:
- Pepe: Market Cap of $6.1 Billion.
- Bitcoin: Market Cap of $1.4 Trillion.
- FLOKI: Market Cap of $3.1 Billion.
MIDCAP COINS:
- Notcoin: Market Cap of $2.2 Billion.
- Bitgert: Market Cap of $68.9 Million.
- DOG•GO•TO•THE•MOON (Runes): Market Cap of $882 Million.
RISING COINS:
- PeiPei: Market Cap of $57.8 Million.
- MAGA: Market Cap of $116 Million.
- Mog Coin: Market Cap of $571 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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There’s a three-way race for the top slot, with Microsoft maintaining a slight edge.
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Early crypto investor Roger Ver, known by many as “Bitcoin Jesus,” was granted bail in Spain but still faces extradition to the U.S. for tax fraud charges.
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Julia Leung, the chief executive of the Hong Kong Securities and Futures Commission, highlighted bitcoin’s resilience as a valid alternative asset during her speech at the Greenwich Economic Forum. Despite acknowledging the intrinsic value debate, Leung praised Bitcoin for weathering various economic cycles over 15 years and recognized the permanence of its underlying distributed ledger technology (DLT).
As Hong Kong initiates a licensing requirement for crypto trading platforms, concerns rise among local lawmakers, like Duncan Chiu, over stringent regulations deterring major global exchanges. These rules aim to balance investor protection with the growth of the Web3 ecosystem, though they’ve been criticized for potentially stifling market confidence.
In addition, the SFC is advancing regulations on stablecoins and exploring a central bank digital currency with Project Ensemble, focusing on tokenized financial products. These steps signal Hong Kong’s commitment to both innovating in the digital currency space and maintaining robust safeguards for investors.
The inflows from the United States spot Bitcoin ETFs could help Bitcoin absorb the selling pressure from Friday’s option expiry.
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Bitcoin first needs a weekly close above the $71,300 mark to confirm a likely price breakout to new all-time highs.
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