On Thursdays, Luno, a cryptocurrency trading platform, received regulatory approval from South Africa’s Financial Sector Conduct Authority (FSCA), becoming one of the first legally recognized crypto businesses in the country. This approval falls under the Financial Advisory and Intermediary Services Act (FAIS) of 2002. Christo de Wit, South Africa’s country manager at Luno, commented, “This … Read more
A recent study conducted by the European securities regulator reveals that approximately 90% of all cryptocurrency trades are handled by just ten exchanges. This suggests a significant level of concentration in the crypto market. A new report from the European Securities and Markets Authority (ESMA) reveals a high degree of dominance in the crypto trading … Read more
Bitcoin ETFs have been a sensation among common investors since 2024, attracting billions at a time. However, Jan van Eck mentioned during Paris Blockchain Week that big players like traditional banks and institutional investors have remained on the sidelines thus far.) In an unexpected turn of events, small investors have been primarily fueling the growth … Read more
Sam Altman, OpenAI’s CEO, is working to bring together key players from both government and business sectors in a global coalition, aiming to boost the production of chips, energy sources, and data networks essential for advancing artificial intelligence technology. Unnamed insiders report that Altman held discussions with investors and officials from the UAE this week … Read more
The market for alternative coins is ready to advance further with essential levels being maintained. However, these altcoins rely on Bitcoin‘s signal, implying that Bitcoin‘s actions in the coming days could significantly impact the entire cryptocurrency sector. Crypto is one of the only assets going up An uptrend for altcoins continues as they join precious … Read more