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Fastex Risk Radar: Januray 2025

UK Set to Prohibit Public Offers of Crypto

The FCA's paper also asks for industry input on its incoming markets admission and disclosures as well as market abuse regime.

The U.K. intends to prohibit public offers of crypto, the Financial Conduct Authority said in its paper on the incoming crypto regime on Monday. Legislation will be put in place to prohibit public offers of crypto, building on the U.K.'s promotion rules that prevent unregistered crypto firms from reaching out to U.K. clients. Only crypto asset trading platforms and offers qualifying for exemptions may not be subject to this.

MiCA-compliant stablecoins dominate European market

As cryptocurrency adoption grows in Europe and regulatory frameworks develop, compliant stablecoins are capturing a significant market share, signaling a notable shift in their usage across the region.

A new report by research firm Kaiko and Netherlands-based crypto exchange Bitvavo highlights the expansion of cryptocurrency trading in Europe, with euro trading volumes rising and stablecoin use adapting to new regulations.

The Supreme Court has denied a petition to review a lower court decision that securities laws applied to Binance.

Click Here for full article The US Supreme Court has declined to hear an appeal from crypto exchange Binance and its founder, Changpeng “CZ” Zhao, regarding a class-action lawsuit by investors who alleged the exchange illegally sold unregistered tokens that lost significant value.

On Jan. 13, the Supreme Court of the United States denied a petition to review a lower court ruling that US securities laws applied to the crypto exchange, even though it doesn’t have a physical headquarters in America.

Pavel Durov: Free Speech Hero Against the State

The Telegram founder’s short stay in a French prison this summer was a free speech inflection point.

It was not until August 24, 2024 that Pavel Durov burst into the forefront of the public consciousness. Not that the 120th richest person in the world with $15.5 billion (Forbes) isn’t notable just for that. But it’s Durov’s social media accomplishments that truly distinguish him—and his public stand for internet freedom that underscores his dynamic role in that world.

El Salvador to Change Bitcoin Law as Part of New IMF Deal: FT

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Salvadoran merchants reportedly will no longer be compelled to accept bitcoin as a means of payment anymore.

Dutch Regulator Awards EU MiCA License to 4 Companies

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The European Union set a deadline for its 27 member states to implement bespoke rules for crypto by December 30

Kazakhstan shut down 36 illegal crypto exchanges in 2024 crackdown

Kazakhstan shut down 36 illegal crypto exchanges in 2024, seizing $112 million in assets and advancing Anti-Money Laundering efforts alongside its upcoming digital tenge launch.

Memecoin Factory Pump. Fun Bans U.K Crypto Traders

Earlier this week, the U.K.'s main financial regulator warned Pump.fun was operating without permission Click Here for full article Solana's memecoin factory Pump.fun shut off access to U.K. crypto traders Friday, citing "laws and regulations" affecting the runaway hit. The geoblock comes three days after the nation's main financial regulator, the Financial Conduct Authority, warned the platform "may be providing or promoting financial services or products without our permission." One of Pump.fun'snders confirmed a blockade had taken effect but declined to comment further.

Russian Lawmaker Proposes Creating Strategic Bitcoin Reserve: Report

A deputy in the Russian parliament proposed the creation of a strategic bitcoin (BTC) reserve to tackle sanctions imposed on the country, state-owned news agency Ria reported on Monday. Anton Tkachev of the New People party, which formed in 2020 and has 16 out of the 450 seats in the State Duma, asked Finance Minister Anton Siluanov to "assess the feasibility of creating a strategic bitcoin reserve in Russia by analogy with state reserve in traditional currencies." The reserve would help counter the threat posed to Russian financial stability by sanctions, inflation and the volatility of traditional currencies that the country holds, such as the Chinese yuan, U.S. dollars and the euro, according to the proposal.

Putin Says No One Will Be Able to Ban Cryptocurrencies: State Media

The Russian president said cryptocurrencies will continue to develop no matter what happens to the U.S. dollar.

Why Hong Kong has grown into a crypto hub - CEO of WOW Summit

Hong Kong has rapidly become a cryptocurrency hub, positioning itself as a center for financial innovation alongside the United Arab Emirates (UAE) and Singapore. Ivan Ivanov, global CEO of WOW Summit, said this innovation was fostered by a mixture of strong regulatory policy and Hong Kong’s status as a special economic region.

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"Hong Kong's 'one country, two systems' framework lets it explore digital asset innovation more freely"

Research reveals how fear and greed rule the metaverse

A new study conducted by the Corvinus University of Budapest has found the emotions and attitudes of investors can significantly impact the value of cryptocurrencies, particularly those associated with the metaverse.

Analysing investor behaviour in the cryptocurrency market, Dr. Samet Günay and his team used two metrics to represent the overall mood or sentiment of investors toward the cryptocurrency market. Firstly, the researchers used Google searches for “cryptocurrency” to gauge how much attention investors were paying to the market. Those with higher search volumes indicated increased interest or concern regarding cryptocurrencies. The team also measured the emotional state of investors with a Fear-Greed Index to show whether investors were risk-adverse or risk-seeking. The research found that the returns of metaverse tokens were significantly impacted by investor sentiment. However, this was only the case during bear markets – times of substantial market downturns.

During bear markets, the study revealed that negative emotions, like fear, can often drive investors to sell their tokens to avoid any losses. On the other hand, greed, or positive emotions may lead investors to purchase tokens in a hope to make a profit. During bull markets or stable periods, the behaviour of investors does not have as much bearing on crypto, indicating token performances are driven more by market factors at these times. Using Bitcoin’s performance as a benchmark to represent the overall trends and health of the cryptocurrency market, the team at Corvinus University specifically analysed the performance of five metaverse-related cryptocurrencies – WAXP, ONT, MANA, THETA, and ENJ. Over the space of four years (2018–2022), the researchers tracked their values, finding out how each token reacted to market conditions and investor behaviours.

Ripple's Garlinghouse Says 2024 Election Was a Chance to 'Educate Voters'

One Year of Javier Milei: Why Argentinian Crypto Folks Can’t Get Enough of Him

It has been almost exactly a year since Javier Milei became the 59th President of Argentina.

Inaugurated on December 10, 2023, the flamboyant libertarian economist — a former goalkeeper who cloned his dogs and called central banks “the worst garbage that exists on this Earth” — had vowed to end the South American nation’s hyperinflation crisis and to drastically reduce government spending.

El Salvador and Argentina Regulators Sign Agreement to Help Develop Crypto Industry

El Salvador and Argentina are partnering to help develop the crypto industry in Latin America.

Juan Carlos Reyes, El Salvador’s top crypto regulator and president of the Comisión Nacional de Activos Digitales (CNAD), and Roberto Silva, the president of the Comisión Nacional de Valores of Argentina (CNV), on Tuesday signed an agreement for the two countries to collaborate on crypto regulation.

Ukraine set to legalize crypto by 2025 under strict regulations

Ukraine reportedly plans to legalize cryptocurrencies in early 2025, according to Daniil Getmantsev, head of the tax committee of the Verkhovna Rada, but the legislation will not include tax breaks.

FSOC's Still Worried About Stablecoins

For yet another year in a row, the Financial Stability Oversight Council — a group composed of the U.S.'s financial agency heads — warned that unchecked stablecoin growth could be an issue for the U.S. and global financial systems.

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Tezos introduces the first blockchain- based uranium marketplace

The debut of Uranium.io, a platform powered by the Tezos blockchain, marks the beginning of blockchain technology’s impact on the global uranium trade.

Uranium.io introduces the world’s first decentralised uranium trading application, with the goal of democratising access to this critical asset. By lowering entry barriers for investors, the platform seeks to change the uranium market.

According to Cointeleghraph, Uranium.io’s launch will be supported by Curzon Uranium, a prominent trading firm that has facilitated over $1 billion in transactions, and Archax, the UK’s first registered cryptocurrency exchange. The collaboration marks a big step toward integrating blockchain with real-world commodity markets.