Sunday, December 7

Crypto

Kenya Warns No Licensed VASPs as Bitcoin ATMs Appear in Malls

Bitcoin ATMs were spotted across major shopping malls in Nairobi days after Kenya implemented its first comprehensive cryptocurrency law, creating an immediate stress test for regulators who claim that no crypto provider is yet authorized to operate. Local media outlet Capital…

Aster Launches ‘Machi Mode’ Rewarding Liquidations

Decentralized exchange Aster is delving into crypto’s degen culture with the launch of “Machi mode,” a new feature that rewards traders with points for getting liquidated. The update, set to go live next week, was announced with a direct nod…

Bitcoin ETFs Sales Near B, Threaten Worst Month On Record

Bitcoin exchange-traded funds (ETFs) are closing in on $3 billion in net outflows for November, putting the products on track for their worst month yet after BlackRock’s fund logged its biggest day of redemptions on record.US spot Bitcoin (BTC) ETFs…

Ondo Secures EU Approval For Tokenized Stocks and ETFs

Ondo Global Markets, a US-based tokenization platform, has received regulatory approval to offer tokenized stocks to European investors.Liechtenstein Financial Market Authority (FMA) has granted Ondo approval to launch its tokenized stocks and exchange-traded funds (ETFs) in the European Union and…

Canaan Q3 Revenue Doubles From Strong Mining Demand

Shares in Canaan surged on Tuesday after the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year, driven by a high demand for equipment as multiple miners saw revenues increase.Canaan said on Tuesday that its total Q3…

Saylor Rebuffs Suggestion Wall Street ‘Hurt’ Bitcoin

Strategy executive chairman Michael Saylor has shrugged off concerns that Wall Street’s entry into Bitcoin affected its price action and volatility.“I think we are getting a lot less volatility,” Saylor said when asked the question during an interview with Fox…

Cloudflare Says Permission Error Caused Major Web Outage

Internet services provider Cloudflare says that a fault in its bot detection system triggered an outage that took down around 20% of webpages, including several crypto platforms.Cloudflare said in a post-mortem statement on Tuesday that a “feature file” used by…

Kraken Raises 0M at B Valuation

Kraken says it’s now valued at $20 billion after an $800 million funding round it said would support the US-based crypto exchange’s global expansion. Kraken said on Tuesday that it raised the capital across two tranches, with the second tranche including…

US Won’t Buy Bitcoin Until Other Countries Start

The US government is unlikely to start accumulating Bitcoin for its strategic reserve until other nations make the first move, says crypto entrepreneur Mike Alfred.Alfred said in a podcast published on Tuesday that the US government will start putting Bitcoin…

Solana Price Might Have Bottomed At 0: Data

Key takeaways:Solana’s rebound from its weekly support at $130 signals a potential price recovery to $250.An increase in open interest and spot demand signals the return of buyers into the market.Institutional demand for SOL rises with $390 million in cumulative…

Bitfury Pivots From Bitcoin Mining to Launch B Tech Fund

Bitfury is the latest Bitcoin miner to pivot away from the mining sector, announcing it will become an investment firm focused on “ethical emerging technologies,” including artificial intelligence and crypto.Bitfury said on Tuesday that it would pour $1 billion into…

Bitcoin November Average Gains Are ‘Skewed,’ Says Analysts

Analysts have questioned whether November deserves its reputation as Bitcoin’s historically “strongest month” after the cryptocurrency dropped 10% over the past seven days and briefly sank below $90,000.“Historical averages suggest strength, but those numbers are skewed and the current backdrop…

Can It Last Amid Inflation Concerns?

Key takeaways:Federal Reserve balance-sheet limits and possible repo operations point to improving liquidity conditions that could boost Bitcoin and other risk assets.Fiscal strain and sector weakness currently weigh on markets, but easing tariffs and a targeted stimulus plan may support…

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