KuCoin exits Russia and Belarus as crypto exchanges withdraw from Western-sanctioned markets
The exchange is closing accounts in both countries after MEXC and Bitget announced similar moves earlier this month.
Crypto
Dissents and more: 3 things to watch for at today’s Fed meeting: Crypto Daily
Comments on financial conditions: The 10-year Treasury yield has pulled back to 5%, a 36 basis-point drop since Oct. 7. The 30-year yield has declined by 40 bps. This has eased financial conditions, which track credit availability in the economy, with a knock-on effect on risk-taking… Read More
Scott Bessent puts crypto alongside AI and chips in U.S.-China tech race at Ripple conference
However, the White House’s broader push to regulate crypto markets suffered a setback after Congress failed to pass the Clarity Act, which would have established a federal framework for the industry. Bessent called the failure a disappointment but said the Treasury Department could work with… Read More
Bitmine buys more ETH, repurchases $46 million in shares as Tom Lee sees crypto holding up
The comparison follows weeks of pressure on AI-related stocks amid concerns about spending on data centers and the returns those investments might bring. Lee pointed to crypto’s smaller decline as a sign of strength, though it doesn’t rule out further losses. Bitmine keeps buying ETH,… Read More
UK banks hit by 10,000 crypto transfer complaints
“Bank transfers represent a crucial on-ramp to add money to their account on our platform,” said Harries. “We are an FCA-registered crypto asset business, but are subject to the same blanket restrictions as the wider crypto asset sector.” Lloyds Banking Group, which includes Halifax and… Read More
Bitcoin (BTC) price volatility is well above euro-dollar’s, though it has calmed down: Crypto Daily
Bitcoin’s 90-day realized volatility stood at about 38% as of Thursday, based on CoinDesk’s calculations. Its main rival, gold, is at about 23.5%. The S&P 500 sits at about 11%, so bitcoin is a little over three times as jumpy as stocks. EUR/USD, which matches… Read More