Revolut, the crypto-friendly digital bank, is reportedly planning to sell $500 million of employee shares, targeting a staggering valuation of $45 billion. This move is seen as a significant step towards a potential Initial Public Offering (IPO). Revolut’s progressive approach to cryptocurrencies, combined with its innovative banking solutions, continues to disrupt the financial sector…
As the European Union strides towards comprehensive crypto regulation, MiCAR stands out as a cornerstone of this new landscape. However, the true impact of MiCAR, alongside other critical regulations like the Transfer of Funds Regulation (TRF) and the Digital Operational…
Based on the recent data, the nine newly introduced ethereum exchange-traded funds (ETFs) saw $106.78 million in inflows on Tuesday. Blackrock took the lead with $266.55 million in trading volume throughout the day.
Blackrock Dominates Inflows as Nearly Half a Billion Exits…
Solana meme coins are back in the headlines again, with new tokens making notable gains throughout the week. $TEA, the latest entry in this niche market, is making quite the impression with over three million community members and significant presale success within just a month of its launch.
The popularity of $TEA has exploded in recent weeks due to its unique community-first and ecosystem…
Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget keeps the existing cryptocurrency tax regulations unchanged, disappointing local crypto advocates. They argue that reducing the 1% tax deducted at source (TDS) is essential for reviving the struggling crypto…
On Tuesday, Bitwise Investments disclosed a collection of Ethereum Name Service (ENS) subnames for its ethereum reserve holding wallets. Bitwise emphasized that this level of transparency is unique to cryptocurrency, allowing the public to easily verify the firm’s net…
Seven U.S. states have united in a coalition to challenge the U.S. Securities and Exchange Commission’s (SEC) regulation of cryptocurrency. The states filed an amicus brief arguing that the SEC’s “power grab” would stifle innovation, harm the crypto industry, and exceed its authority.
Seven-State Coalition Opposes SEC’s Cryptocurrency Regulation
The Office of the Attorney General of Iowa…
Latam Insights: Bukele Slashes Import Duties in El Salvador, Argentina Enacts Crypto Tax Normalization
July 22, 2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele eliminated import taxes for basic products for a decade in El Salvador, Argentina defined rules for regularizing…
Solana-Based Kamala Token Soars as Biden-Linked Meme Coins Tumble After Race Withdrawal
July 22, 2024
On July 21, 2024, a Sunday evening around 8:30 p.m. Eastern Time, presidential meme coins experienced notable fluctuations. A Solana-based meme token called kamala horris (KAMA) surged over 78% within 24 hours, while crypto coins linked to the Biden family saw a steep…
Crypto exchange Kraken has expanded its custody services to institutional clients in the UK and Australia, marking the first international expansion following its successful U.S. launch in March. Kraken Institutional, already established in the UK and Australia, now offers its custody solution to both existing and new clients in these countries, emphasizing security and client service. Kraken…
