Crypto News

Coinbase launches CFTC-regulated Solana (SOL) futures. The launch of the regulated Solana futures contracts is seen as a pointer to Solana ETF approval in the US. Coinbase is pushing for Commodity Futures Trading Commission (CFTC) spot market control. Coinbase has launched Solana (SOL) and Hedera (HBAR) futures contracts on its US derivatives exchange, regulated by the Commodity Futures Trading Commission (CFTC). By offering regulated futures contracts, Coinbase provides a structured environment for investors to engage with SOL and HBAR, potentially leading to increased liquidity and stability in the digital assets’ market. The Solana futures contracts include standard offerings representing 100 SOL, alongside “nano” contracts tailored for retail investors, each representing 5 SOL, making it more accessible for a broader range of market participants. A step towards Solana (SOL) ETFs The launch of regulated futures markets for Solana (SOL), is particularly seen as a crucial s...

Nigeria’s federal government has sued Binance for a $79.5B penalty. The government demands $2B in back taxes for 2022-2023. Binance is accused of tax evasion and operating without a license. In an unprecedented escalation of legal confrontations, Nigeria’s federal government has launched a new lawsuit against the cryptocurrency giant, Binance , demanding a staggering $79.5 billion penalty. This legal action comes amid ongoing disputes that have seen Binance entangled in a web of regulatory challenges within the country. According to sources familiar with the new development, the crux of the lawsuit filed by Nigerian authorities includes not only the $79.5B penalty but also a demand for $2.001 billion in back taxes for the years 2022 and 2023. The Federal Inland Revenue Service (FIRS) is specifically pressing for detailed financial records from Binance for these years, asserting that the exchange has been operating unlawfully, contributing to the depreciation of the naira, and ...

net’s Co-Staking Marketplace is now live enabling the sharing of staking rewards. With the Co-Staking, no hardware is needed for $IO holders to earn staking rewards. The Co-Staking Marketplace connects hardware suppliers with token holders. io.net, a leading platform in the DePIN (Decentralized Physical Infrastructure Networks) space, has launched Co-Staking Marketplace , an innovative feature that allows users to share block rewards. The Co-Staking feature enables both device suppliers and $IO token holders to participate in the network’s validation process and share in the lucrative block rewards, without the necessity of owning physical hardware. Democratizing staking The Co-Staking Marketplace is a groundbreaking addition to io.net’s ecosystem, designed to respond to community demands for more inclusive participation methods. The marketplace serves as a bridge between those who supply computing power and individuals who hold $IO tokens. Suppliers on io.net can now invite c...

MANTRA has secured a VASP license in UAE from VARA. MANTRA can now offer its DeFi products to both institutional clients and qualified investors within the UAE. The OM token, which has been on a strong bullish trend, jumped by 3% after the license announcement. MANTRA Finance has successfully secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This license marks a pivotal moment for MANTRA, enabling it to operate as a regulated trading platform within the United Arab Emirates. MANTRA Finance’s entry into UAE’s crypto market With the license, MANTRA Finance, known for its focus on bridging the gap between decentralized and traditional finance, positions itself at the forefront of the UAE’s burgeoning crypto market. The regulatory approval not only underscores MANTRA’s commitment to compliance but also amplifies its operational capabilities in one of the world’s fastest-growing financial hubs. The VASP license empower...

Robinhood will launch the crypto offerings to customers in Singapore via Bitstamp The retail investing firm acquired Bitstamp for $200 million in June 2024. Robinhood, a popular retail investing platform, has revealed plans that could see it expand its crypto product offering to Singapore before the end of 2025. In a report on Tuesday, Bloomberg said Robinhood Markets was eyeing the entry into Singapore via its recently acquired crypto platform Bitstamp. Robinhood’s expansion plans through its European-based digital-assets exchange will also include a foray across the Asia-Pacific region. According to Robinhood Crypto VP and general manager Johann Kerbrat, the company’s effort will involve local local regulators. While the platform has not offered a specific launch date, the expectation is that the crypto services and products will be available to Singaporean customers before the end of 2025. Kerbrat shared the overall plan during an interview with Bloomberg News. The Bitstam...

The Bollinger Bands indicator on Chainlink (LINK) is contracting predicting a major volatility phase could be imminent. High correlation with Bitcoin suggests LINK could decline further before a bullish move. Chainlink has witnessed a strong growth despite price drop with 22 new integrations. Chainlink (LINK) has been a focal point for traders and analysts alike since its sudden drop at the beginning of February. Since February 3, LINK has been oscillating between $17 and $22 with indicators signaling a possible breakout amid weeks of consolidation. Bollinger Bands squeeze signaling a possible breakout One of the most telling signs of an impending price shift for Chainlink has been the squeeze in its Bollinger Bands on the 12-hour chart. The Bollinger Bands technical indicator, which measures volatility, has tightened significantly around LINK’s price, a pattern that historically precedes major market movements. As noted by prominent analyst Ali Martinez, this squeeze could m...

Tether said it had signed a Memorandum of Understanding with the Republic of Guinea. MoU is on blockchain adoption and digital transformation as Guinea looks to become a global leader in blockchain and and peer-to-peer technologies. Tether has announced the signing of a Memorandum of Understanding (MoU) that will see it collaborate with the government of the Republic of Guinea to promote blockchain adoption in the country. According to Tether, the strategic collaboration will explore blockchain and peer-to-peer (P2P) technologies. Guinea’s government looks to tap into this partnership to enhance economic growth and drive digital transformation. Tether’s MoU with government of Guinea The MoU focuses on initiatives across education and innovation, as well as sustainable technology practices, Tether said in blog post . However, the target also includes enhancing adoption of blockchain technologies, with collaboration also potentially involving joint efforts on Guinea’s City of Sc...