Here is what happened yesterday in the crypto market:
Crypto.com Expands into Europe with Derivatives License
Crypto.com has acquired AN Allnew Investments, securing a MiFID license to offer crypto derivatives across the European Economic Area (EEA). This move allows Crypto.com to expand its services and cater to the growing demand for crypto derivatives in Europe.
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South Korea Tightens Crypto Regulations for Exchanges
South Korea is implementing stricter rules for digital asset transactions, including new guidelines for non-profit crypto sales. These changes aim to increase oversight as the country prepares to welcome institutional players into its crypto market.
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Hong Kong Passes Stablecoin Bill
Hong Kong has passed a stablecoin bill to establish a licensing regime for fiat-backed stablecoin issuers. This regulatory framework aims to position Hong Kong as a leader in the digital asset and Web3 space.
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Bitcoin Reaches New All-Time High
Bitcoin hit a new all-time high reaching $109,458, marking seven consecutive green weekly candles since April. This surge reflects continued bullish momentum, fueled in part by easing trade tensions.
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Sam Altman’s Worldcoin Raises $135M
Sam Altman’s World Network project has raised $135 million in a private token sale led by venture capital firms Andreessen Horowitz and Bain Capital Crypto. This funding will support the expansion of Worldcoin’s digital identification network.
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