Thai authorities have intensified their crackdown on unlicensed cryptocurrency firms, resulting in the arrest of 11 individuals and the seizure of evidence linked to illegal e-money operations. Despite these actions, experts suggest that the focus is primarily on fraudulent activities rather than an overall suppression of the crypto industry. Meanwhile, the Thai SEC is proposing new regulations to allow mutual and private funds to invest in digital assets, aiming to attract legitimate investment and align with international standards.
about Thailand's Evolving Crypto Regulations Amid Crackdown on Illegal ActivitiesVismaya V
0 posts last weekMetaplanet Expands Bitcoin Holdings Amid Market Volatility and Price Drop
Japanese firm Metaplanet has acquired 135 Bitcoin for approximately $13 million, just before a significant price drop, raising its total holdings to 2,235 BTC valued at around $196 million. Despite the volatility, the company aims to increase its Bitcoin stash to 10,000 BTC by 2025 and 21,000 BTC by 2026, now holding 0.01% of Bitcoin’s total supply.
about Metaplanet Expands Bitcoin Holdings Amid Market Volatility and Price DropPotential Launch of Dogecoin and XRP ETFs Sparks Investor Optimism
The cryptocurrency landscape is poised for new exchange-traded funds (ETFs) as issuers propose offerings for Dogecoin, XRP, and Solana, among others. Analysts predict that if approved, Solana and XRP ETFs could attract billions in investments, while Dogecoin ETFs may debut as early as April. The SEC’s ongoing assessments and legal considerations could impact the timeline for these funds, with Litecoin ETFs potentially leading the way due to less regulatory uncertainty.
about Potential Launch of Dogecoin and XRP ETFs Sparks Investor OptimismFathom Holdings to Invest in Bitcoin and Accept It from Customers
Fathom Holdings (NASDAQ: FTHM), a real estate tech firm, plans to allocate up to half of its excess cash reserves to Bitcoin, with intentions to accept it for customer purchases in the future. This move follows a trend among Nasdaq-listed companies, inspired by MicroStrategy, which holds over $47 billion in Bitcoin. Fathom’s stock rose approximately 5% following the announcement.
about Fathom Holdings to Invest in Bitcoin and Accept It from CustomersBitwise Registers Dogecoin ETF Entity as Crypto Interest Grows
Bitwise Asset Management has registered a Dogecoin ETF entity in Delaware, marking a preliminary step toward a potential launch. While this registration is significant, it does not constitute an official ETF filing with the SEC. Analysts suggest that the first Dogecoin ETF could debut as early as April, reflecting growing institutional interest in meme coins.
about Bitwise Registers Dogecoin ETF Entity as Crypto Interest GrowsGoldman Sachs CEO Says Bitcoin Is Not a Threat to US Dollar
Goldman Sachs CEO David Solomon stated that Bitcoin poses no threat to the U.S. dollar, describing it as a speculative asset. Despite Bitcoin reaching an all-time high near $109,000, he emphasized the dollar’s enduring strength. Goldman Sachs has significantly increased its Bitcoin ETF holdings, now totaling $710 million, reflecting a broader trend among banks investing in cryptocurrency.
about Goldman Sachs CEO Says Bitcoin Is Not a Threat to US DollarBlackRock Launches Bitcoin ETF in Canada with Dual-Currency Trading Options
BlackRock has launched its first Canadian Bitcoin ETF, trading under the IBIT ticker, allowing investors to gain Bitcoin exposure without the complexities of direct ownership. The fund, which invests primarily in the U.S. iShares Bitcoin Trust ETF, aims to simplify crypto investments through traditional brokerage platforms. Despite record-high outflows of $333 million attributed to profit-taking, the ETF has seen significant growth, reflecting a strong institutional interest in regulated crypto exposure.
about BlackRock Launches Bitcoin ETF in Canada with Dual-Currency Trading OptionsCrypto Industry Faces Over 3 Billion in Losses Due to Hacks and Scams
The crypto industry faced over $3 billion in losses from hacks and scams in 2024, a 15% increase from the previous year. Hacks accounted for $2.15 billion, while scams contributed $834.5 million, with phishing scams emerging as a significant threat, causing over $1 billion in losses. Major incidents included a $305 million hack of Japanese exchange DMM Bitcoin and substantial losses at WazirX and Gala Games.
about Crypto Industry Faces Over 3 Billion in Losses Due to Hacks and Scams