Category: Peer to Peer

Latest P2P News and Updates on Arabian Post

ADVERTISEMENT
ADVERTISEMENT

Memecoin MOODENG surged by 67% after being listed on Coinbase, ending a two-week slump where the token had fallen by more than 50%. This price increase signals renewed investor confidence and marks a significant rebound for the token, which had struggled to regain its earlier momentum in the highly volatile cryptocurrency market.

The surge began almost immediately after the listing announcement, with MOODENG's value climbing to a new high

The U.S. government has transferred nearly $2 billion worth of Bitcoin, seized from the Silk Road marketplace, to Coinbase Prime, a move that has raised concerns within the cryptocurrency community. The transfer, which involved around 29,800 BTC, occurred in late July and has significant implications for the market, possibly signaling preparations for a large-scale sell-off of the government’s crypto holdings.

The Bitcoin in question had been stored in a

Polymarket bettors are betting that Microsoft’s shareholders will reject a proposal to purchase Bitcoin, signaling skepticism around a major pitch from MicroStrategy CEO Michael Saylor. Saylor, a vocal proponent of Bitcoin, has been advocating for Microsoft to add Bitcoin to its corporate treasury. This proposal has now reached a critical juncture, with Microsoft's board set to vote on December 10. Despite Saylor’s persuasive presentations, including a direct appeal

Crypto casinos are already popular for players seeking anonymous, fast, and secure experiences.Unlike traditional casinos, they provide unique benefits by enabling players to use cryptocurrencies for deposits and withdrawals.However, cashing out from a cryptocurrency casino might be challenging if you're unaware of the procedure or withdrawal options.But this article helps you with just that! Here are the best withdrawal techniques, and advice on handling the procedure safely and effectively is provided. What are Crypto casinos? Online gambling sites, known as "crypto casinos,"

Cambodia's authorities have moved to block access to 16 cryptocurrency exchange websites, including global giants Binance and Coinbase, citing the lack of necessary operating licenses. This decisive measure underscores the country's intensifying battle against unregulated cryptocurrency activities in its burgeoning digital economy. However, the mobile apps associated with these platforms remain accessible, raising concerns over the efficacy of these restrictions in curbing illicit activities.

The Securities and

Bitcoin's mining difficulty has surged to an unprecedented level, reflecting the cryptocurrency's growing computational demands and network security enhancements. The metric, which determines the effort required to validate transactions and mine blocks, has climbed to 103.92 trillion (T), marking a new peak for the Bitcoin blockchain.

This adjustment occurs every 2,016 blocks—approximately every two weeks—to ensure a consistent block production rate despite fluctuations in the network's mining activity. As more miners join

BitGo, a prominent name in the digital asset sector, has unveiled a new custody platform specifically designed for retail cryptocurrency investors. The platform integrates the firm’s trusted institutional-grade security features into a user-friendly experience tailored to the needs of individual investors. This development marks a significant shift in BitGo’s strategy, traditionally focused on servicing institutional clients.

The new offering aims to bridge the gap between retail users and advanced

MicroStrategy has solidified its position as the leading corporate holder of Bitcoin with a monumental acquisition. The company added 55,500 Bitcoin to its reserves for approximately $5.4 billion, an investment executed at an average price of $97,862 per Bitcoin. This purchase elevates the company’s total holdings to 386,700 Bitcoin, acquired at a cumulative cost of $21.9 billion, reflecting an average acquisition price of $56,761 per coin.

The acquisition follows

Ripple is poised to make a significant move into the U.S. stablecoin market with its new RLUSD stablecoin, which is expected to receive approval from New York’s Department of Financial Services (NYDFS). The approval paves the way for the coin’s anticipated launch on December 4, positioning Ripple to directly compete with established U.S. stablecoin issuers, including Circle and Tether. Ripple’s decision to introduce a stablecoin marks a strategic

Coinbase, one of the world's largest cryptocurrency exchanges, has officially withdrawn its pre-application to enter Turkey's highly competitive cryptocurrency market. This marks a significant shift in the company’s strategy, as it had initially expressed strong intentions to expand into the Turkish market, a region that has seen growing interest in digital assets amid economic volatility.

The decision to withdraw follows a series of regulatory hurdles and growing challenges within

XRP has made an impressive leap in the cryptocurrency market, surpassing both Solana (SOL) and Tether (USDT) to become the third-largest cryptocurrency by market capitalization. This surge comes after the altcoin witnessed a significant rally of more than 25% in just 24 hours, pushing its price to approximately $2.4 as of Monday, December 2. The sudden rise in XRP’s value has caught market observers by surprise, with many

Taiwan's Financial Supervisory Commission (FSC) has expedited the implementation of new anti-money laundering (AML) regulations targeting Virtual Asset Service Providers (VASPs), advancing the effective date to November 30. Initially planned for December, the amendments aim to reinforce oversight in the growing cryptocurrency sector and prevent misuse of digital assets for illicit activities.

Under these rules, VASPs must comply with stringent Know Your Customer (KYC) protocols, continuous transaction

Coinbase, a leading cryptocurrency exchange, will terminate USD Coin (USDC) rewards for users in the European Economic Area (EEA) effective December 1, marking a significant operational shift influenced by the forthcoming Markets in Crypto-Assets (MiCA) regulations. The rewards program, which allowed users to earn returns on their USDC holdings, will accrue earnings up to November 30, signaling a strategic adaptation to Europe’s evolving regulatory framework for digital assets.

The

The United States Securities and Exchange Commission (SEC) is reviewing an application for the Bitwise 10 Crypto Index ETF, a proposed exchange-traded fund (ETF) comprising ten major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This fund aims to simplify cryptocurrency investment for a broader audience while addressing regulatory and market accessibility challenges.

Bitwise Asset Management, the fund's issuer, emphasized the importance of providing a diversified cryptocurrency portfolio

Stablecoins demonstrated remarkable resilience in November, with trading volumes on centralized exchanges (CEX) exceeding $1.8 trillion. Tether (USDT) accounted for an overwhelming 70% of this activity, highlighting its dominance in facilitating liquidity across markets. The surge in stablecoin usage was accompanied by a milestone in the broader stablecoin ecosystem, as the total market capitalization surpassed $190 billion—a record high following 14 consecutive months of growth.

USDT continues

A federal appeals court in the United States has overturned sanctions imposed on Tornado Cash, the crypto-mixing platform, by the Treasury Department. This landmark ruling, issued on November 26, 2024, has significant implications for the cryptocurrency sector, especially concerning privacy-enhancing technologies.

The court's decision hinged on the nature of Tornado Cash's technology, which enables users to anonymize their cryptocurrency transactions through smart contracts deployed on the Ethereum blockchain. The

Dogecoin's market capitalization has soared to $57.8 billion, surpassing that of the renowned German automaker Porsche, valued at $56.1 billion. The surge in Dogecoin's valuation has been largely driven by high-profile endorsements from tech mogul Elon Musk and the recent launch of a Dogecoin-based exchange-traded product (ETP) by Valour, a prominent digital asset investment firm.

Musk's public backing of the meme cryptocurrency has been a

Trezor, a leading hardware wallet provider, has reported an unprecedented 600% increase in weekly wallet sales, underscoring the escalating demand for self-custody solutions among cryptocurrency investors. This surge coincides with Bitcoin's remarkable rally, approaching its record high of $99,600, driven by significant market developments and shifting investor behavior.

The cryptocurrency market has seen heightened activity as Bitcoin prepares for its fourth halving event, anticipated in

Bitwise Asset Management has renamed its European exchange-traded product to "Bitwise Physical XRP ETP" (Ticker: GXRP) in a move underscoring Ripple's growing investment in XRP’s evolving ecosystem. This strategic rebranding aligns with Ripple’s focus on expanding the utility of XRP across diverse financial sectors, responding to rising demand from institutional players and cross-border payment markets.

The product, initially launched to provide streamlined exposure to XRP for European investors, has

Brazil's Chamber of Deputies is deliberating a legislative proposal aimed at incorporating Bitcoin into the country's foreign reserve portfolio. This groundbreaking move seeks to allocate a portion of Brazil's international reserves to the cryptocurrency, marking a significant step towards integrating digital assets into mainstream financial strategies.

The proposed legislation, introduced by lawmakers advocating for diversified economic resilience, would allow Bitcoin to constitute up to five percent of the nation's

Understood. I will craft the requested news report adhering to the guidelines. Please allow me some time to ensure thorough research and fact-checking for accuracy.



A federal judge ruled against the U.S. Treasury Department's decision to sanction Tornado Cash, citing the decentralized nature of the protocol. The court determined that Tornado Cash's immutable smart contracts, being autonomous and ownerless, do not qualify as "property," a key criterion for applying sanctions. The decision

Short-term Bitcoin holders transferred approximately 54,600 BTC to exchanges, incurring significant losses within the past 24 hours, according to blockchain data. This transfer marks a substantial increase in activity from this group of investors, sparking concerns about potential downward pressure on Bitcoin’s value.

Market analysts have noted that such surges in exchange inflows often coincide with heightened volatility in cryptocurrency prices. The sudden spike in activity by short-term holders

Morocco's central bank has confirmed that it is preparing legislation to integrate cryptocurrencies into the country’s legal framework, marking a significant shift in its financial strategy. Abdellatif Jouahiri, the Governor of Bank Al-Maghrib (BAM), announced that the regulatory framework has been finalized and will be subjected to discussions with industry stakeholders before legislative implementation. This initiative reflects the growing recognition of cryptocurrencies’ potential within the global economy, particularly in emerging markets

Digital currencies are officially recognized as taxable property in Russia, following legislative amendments approved by the State Duma. This landmark development introduces comprehensive tax rules for cryptocurrency transactions and mining, slated to take effect from January 1, 2025. The amendments represent a significant step in the country’s regulatory approach to digital assets, aiming to streamline income reporting and ensure compliance.

The legislative changes impose a tax of 13% for

Social Media Auto Publish Powered By : XYZScripts.com