Kraken has announced that it has officially secured an Electronic Money Institution (EMI) authorization from the U.K.’s Financial Conduct Authority (FCA). This milestone is set to accelerate Kraken’s growth plans in the U.K. and enable the launch of new products and services tailored to the needs of local clients. The EMI license empowers Kraken to …
Monthly archives: March 2025
Latam Insights Encore: Bukele’s Gambit or How (Not) to Conduct a Bitcoin Revolution
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition examines President Nayib Bukele’s behavior regarding the commitments El Salvador has made under the IMF deal, choosing to remain vague rather than explaining how bitcoin fits into this new national reality. Latam …
Trump Admits Economic Hurdles, Short-Term Pain in Sight
President Donald Trump has acknowledged that the U.S. is experiencing a shift from a high-spending period to a more nuanced approach, which might result in an economic slowdown. Trump Recognizes Economic Slowdown as Part of U.S. Transition Period The U.S. economy might be experiencing a slowdown as a result of the measures currently implemented by …
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Fold Adds 475 Bitcoin, Joins Top 10 U.S. Public Companies by BTC Holdings
Bitcoin financial services firm Fold Holdings has added 475 BTC to its treasury, bringing total holdings to over 1,485 BTC. This move solidifies its position among the top 10 U.S. public companies with the largest bitcoin reserves. Fold Expands Bitcoin Treasury to 1,485 BTC Fold Holdings, the first publicly traded bitcoin-native financial services company, has …
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Tether’s USDT Gains Regulatory Greenlight From Thailand’s SEC
Thailand’s Securities and Exchange Commission has officially approved Tether’s USDT as a recognized cryptocurrency, allowing its trading and potential use in payments, marking a significant step forward for stablecoin adoption in Asia. Thailand Approves Tether’s USDT, Paving Way for Stablecoin Payments Tether’s USDT, the world’s largest stablecoin by market cap, has been officially approved by …
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Bitcoin, Solana and Crypto Markets Likely in ‘Classic Bear Trap’ Before Euphoric Move: InvestAnswers
A widely followed analyst is outlining the potential path forward for Bitcoin (BTC), Solana (SOL) and other crypto assets. The analyst pseudonymously known as InvestAnswers tells his 563,000 YouTube subscribers that Bitcoin, Solana and other crypto assets are in a “classic bear trap.” A bear trap is a situation where a decline is interpreted as …
Analyst Who Nailed End of 2021 Bull Market Says Bitcoin May Have Seen Worst of Correction – Here’s Why
A crypto strategist who accurately called the top of the 2021 Bitcoin bull market believes the worst of the current BTC collapse is now in the rearview mirror. Pseudonymous analyst Dave the Wave tells his 148,800 followers on the social media platform X that Bitcoin is close to carving the price bottom of this correction. …
Pomp: Trump deliberately crashed markets to get interest rates down
Anthony Pompliano speculates US President Donald Trump may be taking matters into his own hands in an attempt to lower interest rates. The Trump administration may be intentionally creating uncertainty in the stock markets to corner Federal Reserve chair Jerome Powell into lowering interest rates, according to a market commentator. Doing so increases the likelihood …
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Trump crypto push could hurt Europe’s financial stability: Top EU official
European Stability Mechanism managing director Pierre Gramegna says a potential flood of US dollar-denominated stablecoin payment solutions could impact Europe’s monetary sovereignty. Finance officials in the European Union are concerned US President Donald Trump’s embrace of digital assets could affect Europe’s monetary sovereignty and financial stability. “The US administration is favorable toward cryptocurrencies and especially …
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Mt. Gox makes second $900M+ move in a week as Bitcoin taps $76K
Mt. Gox moved a batch of Bitcoin worth over $930 million on March 11 as the bankrupt crypto exchange vies to fully repay customers by Oct. 31. Defunct crypto exchange Mt. Gox moved almost a billion worth of Bitcoin, the second large BTC transfer in a week, as Bitcoin’s price fell to a four-month low …
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Investors flee from risk assets as JPMorgan ups recession odds to 40%
The S&P 500, tech-heavy Nasdaq and Dow Jones Industrial Average all fell heavily this week. Crypto and tech stocks saw large selloffs on March 10 as fears of a US recession heightened despite efforts from the White House to temper concerns. Economists at Wall Street investment bank JPMorgan have raised their recession risk this year …
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Regulatory Hurdles Fail to Deter Binance’s Popularity in Nigeria
Binance has been identified as the top cryptocurrency exchange for Nigerians due to its strong peer-to-peer (P2P) marketplace, which facilitates trading using local payment methods. Binance Stands out Despite Ongoing Dispute With Nigerian Officials Binance has been ranked the number one cryptocurrency exchange for Nigerians primarily because of its robust peer-to-peer (P2P) marketplace, which allows …
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Rwanda Unveils Draft Law to Regulate Virtual Assets, Providing Clarity and Oversight
Rwanda has taken a significant step towards regulating digital asset transactions by unveiling a draft law governing virtual assets. Addressing FATF Concerns Rwandan regulators recently unveiled a draft law regulating virtual assets in the African country. The release of the draft, which identifies the Capital Markets Authority (CMA) as the regulatory authority overseeing the virtual …
Ark Invest’s Cathie Wood Calls Bitcoin a ‘New Bretton Woods’ Amid Global Currency Uncertainty
Cathie Wood, CEO of ARK Invest, argues financial markets are underestimating the conclusion of a multiyear “rolling recession,” positing that fiscal reforms and technological innovation may spark a deflationary economic surge in late 2025. Cathie Wood Predicts Deflationary Boom Amid Rolling Recession’s Final Phase Cathie Wood highlighted the Federal Reserve Bank of Atlanta’s GDP indicator, …
Bitcoin’s Drop Resembles 2017 Crash—Crypto Executive Predicts Strong Rebound
Bitcoin’s latest drop “looks, smells and feels 100% just like 2017,” a crypto executive says, citing rising liquidity, policy shifts and economic turmoil. Bitcoin’s 11th Major Correction in a Decade: Crypto Executive Says ‘Buckle Up’ Bill Barhydt, CEO of crypto firm Abra, dismissed concerns over bitcoin’s recent downturn, pointing out that such corrections have happened …
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