CryptoNews

TON Climbs 10% Ahead of Binance Listing

August 9, 2024
The largest cryptocurrency exchange by trading volume, Binance, is set to introduce toncoin (TON) trading pairs on Aug. 8, leading to a more than 10% increase in TON’s value against the U.S. dollar. Currently, TON is trading within a range of $5.36 to $6.41 over the past day, making it the eighth largest crypto asset by market capitalization. Binance Set to List 4 Toncoin Trading Pairs Toncoin…
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US Bitcoin ETFs Bleed $148.56M While Ethereum ETFs Cash

August 8, 2024
Based on the latest data, spot bitcoin exchange-traded funds (ETFs) experienced net outflows of $148.56 million on Tuesday. Conversely, spot ether ETFs saw a positive inflow of $98.30 million during the same period. $148M Vanishes From Bitcoin ETFs While Ethereum ETFs Rake…
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Grayscale Launches 2 New Crypto Trusts Focused on AI and Scalable Blockchain Tech

August 8, 2024
Grayscale Investments has announced the launch of two new cryptocurrency investment trusts—Grayscale Bittensor Trust and Grayscale Sui Trust. These new offerings aim to provide accredited investors with targeted exposure to the burgeoning fields of decentralized artificial intelligence (AI) and scalable blockchain technology. Grayscale Rolls Out Bittensor and Sui Trusts for Accredited…
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Binance Hit With $87 Million Tax Bill in India

August 7, 2024
Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed…
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Coinshares Sees $528 Million Outflow From Crypto Products Due to Recession Fears

August 7, 2024
Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic downturn concerns. Despite this setback, Coinshares remains committed to its long-term strategy and continues to expand its…
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French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation

August 6, 2024
The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior authorization for market participants offering crypto asset services in the EU, with strict adherence to anti-money laundering…
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