bitcoinlfg

Category: NEWS

  • Hong Kong crypto rules attract global banks as AMINA wins new approval

    Hong Kong crypto rules attract global banks as AMINA wins new approval

    Hong Kong crypto rules attract global banks as AMINA wins new approval

    • The licence covers 13 cryptocurrencies, including Bitcoin, Ether, USD,C and Tether.
    • AMINA reported a 233% increase in Hong Kong trading volumes in early 2025.
    • Hong Kong launched new stablecoin rules and approved a Solana ETF this year.

    Hong Kong’s push to build a regulated digital asset market is drawing more interest from global financial institutions, and the latest example is Swiss crypto bank AMINA Bank AG securing approval to expand its services in the city.

    The bank received a Type 1 licence uplift from the Securities and Futures Commission, which makes it the first international bank allowed to offer regulated crypto trading and custody to institutional clients in Hong Kong.

    The move strengthens the city’s position as a regional digital asset hub and highlights rising demand for bank-grade crypto services among professional traders.

    AMINA plans to use the approval to provide institutional users with a regulated route into cryptocurrencies at a time when clients are looking for stronger safeguards and clearer rules.

    Hong Kong’s compliance standards have often limited the number of foreign institutions able to offer these services, which has left a gap in the market for firms with established banking frameworks.

    AMINA’s entry aims to fill that gap while giving clients a regulated platform backed by traditional financial infrastructure.

    AMINA expands in a fast growing market

    The licence uplift allows AMINA’s Hong Kong subsidiary to offer trading and custody for 13 cryptocurrencies.

    These include Bitcoin, Ether, USDC, Tether, and several leading decentralised finance tokens that are widely used across global exchanges.

    The approval creates new opportunities for institutional clients looking for a single regulated venue with access to a curated list of major digital assets.

    AMINA also reported a sharp rise in market activity.

    The bank recorded a 233% increase in trading volume on Hong Kong crypto exchanges in the first half of 2025.

    The increase points to stronger engagement from both institutional and retail segments, which are becoming more active as Hong Kong’s regulatory environment evolves.

    The bank expects the new approval to support a wider product range.

    It plans to expand into private fund management, structured crypto products, derivatives, and tokenised real-world assets.

    These additions would place AMINA among the firms offering institutional clients diversified exposure across multiple types of digital assets.

    Local players face new global competition

    While AMINA is the first international bank to receive this specific licence upgrade, it enters a competitive market.

    Hong Kong already hosts regulated local firms such as Tiger Brokers and HashKey, which serve institutional and retail clients under earlier permissions.

    AMINA’s approval signals that the market is open to more foreign institutions, which could change competitive dynamics for both global and local providers.

    Hong Kong officials have said on multiple occasions that attracting global firms is central to the city’s digital asset strategy.

    AMINA’s arrival may encourage more banks and brokerages abroad to consider similar applications as they assess opportunities in Asia’s regulated crypto markets.

    Policy changes shape Hong Kong’s crypto framework

    AMINA’s approval arrives during a period of rapid policy development in the city.

    Hong Kong introduced its new stablecoin rules in August, creating a formal licensing pathway for issuers.

    Following this, major regional banks such as HSBC and ICBC indicated they were examining licence applications as part of their digital asset plans.

    The city also approved its first Solana exchange-traded fund in late October.

    The approval placed Hong Kong ahead of the US in allowing a regulated Solana ETF and added another product to its growing list of crypto-linked investment options.

    Hong Kong tightened rules around self-custody of digital assets in August.

    The change focused on improving cybersecurity protections and reducing risks tied to individual key management.

    The decision was presented as a safety measure rather than a restriction on user access.

    The combination of new rules and rising institutional interest has created an environment that is now attracting more global firms.

    AMINA’s regulatory progress adds momentum to Hong Kong’s strategy of balancing strong compliance with market expansion.

    Share this article
    Categories
    Tags

    Source link

  • Crypto loopholes across Canada enable silent cash transfers

    Crypto loopholes across Canada enable silent cash transfers

    Crypto loopholes across Canada enable silent cash transfers

    • A Toronto outlet handed over $1,900.00 in cash using only a $5 bill for verification.
    • Ukraine-based exchange 001k offered to deliver $1,000,000.00 in cash in Montreal.
    • Over 20 crypto-to-cash services were found operating unregistered across Canada.

    A report by CBC has revealed how Canada is witnessing the rise of unregulated crypto-to-cash services that enable large-scale anonymous financial transfers.

    These operations not only bypass anti-money laundering laws but also establish an untraceable money trail that financial intelligence agencies are unable to track.

    Across cities from Toronto to Montreal, crypto platforms are facilitating discreet cash handovers worth thousands and even millions, without requiring any identification from users.

    Despite rules that demand full verification for transactions over $1,000.00, services continue to hand over cash using only minimal confirmation.

    Experts have raised alarm over the role of these services in enabling potential money laundering, illicit trade, and financial crime.

    Investigative efforts have now revealed how this silent financial movement is escaping oversight in plain sight.

    Crypto-for-cash deals avoid ID checks

    In one midtown Toronto branch of a registered money transfer business, a $1,900.00 cash pickup was arranged through encrypted messages using the Telegram app.

    The only verification required was a photo of a Canadian $5 bill.

    The customer, who had earlier transferred 2,000 tether tokens to Ukraine-based crypto exchange 001k, showed the physical bill and received $100 notes from the teller with no further questions.

    Such transactions breach Canada’s anti-money laundering regulations, which require personal identification and transaction documentation for any transfer exceeding $1,000.

    The company later claimed that the arrangement had been made by a rogue manager using personal funds off the official books.

    The teller involved, they said, acted without knowledge of the transaction’s real nature.

    001k is not registered with FINTRAC, the Canadian financial intelligence agency, and therefore is not legally permitted to conduct business with Canadians.

    Yet the transaction went ahead and passed under the regulatory radar.

    Platforms offer million-dollar handovers

    The same pattern was uncovered in Montreal.

    Journalists engaged in anonymous conversations with crypto services, including 001k and another unnamed provider.

    Both offered to deliver $1,000,000.00 and $890,000.00 in cash, respectively, in exchange for tether sent to designated wallets.

    No identification was asked for at any stage.

    These platforms operate online, contactable via web directories and Telegram channels.

    Many advertise in plain sight and offer face-to-face cash deals in locations ranging from Halifax to Vancouver.

    According to experts, more than 20 such services were found in Canada, most operating without proper registration or regulatory checks.

    Despite Canada’s attempt to regulate the sector through FINTRAC, enforcement remains limited.

    The agency oversees over 2,600 registered money service businesses, but lacks the resources to track unregistered and underground operators.

    A growing global laundering channel

    Crypto analysis firm Crystal revealed to CBC that crypto-to-cash services in Hong Kong alone processed $2.5 billion in 2024.

    Canada’s rapidly growing market could mirror that figure if enforcement continues to lag.

    With the rise of digital tokens like Bitcoin, Ethereum, and Tether, it has become easier for money to move across borders and be converted into untraceable cash.

    Law enforcement depends on access to user identity at the point where crypto enters or exits the system.

    When transactions are carried out without registration, those points vanish, and the blockchain’s transparency becomes meaningless.

    Investigators lose visibility once digital assets are converted into physical currency anonymously.

    The flexibility of these services creates risk.

    Anyone can now move large sums in or out of Canada without detection, including organised crime networks and individuals involved in illegal activity.

    Without active compliance monitoring, these transactions take place without leaving any traceable connection.

    Canada struggles to enforce crypto regulations

    Canadian regulators are under-equipped to deal with the scale of the problem.

    Crypto platforms can connect users in seconds, bypassing traditional financial systems and enabling instant access to large volumes of cash.

    FINTRAC’s oversight is stretched, and its inability to track foreign operators or monitor encrypted platforms like Telegram leaves a major gap in financial security.

    The use of small signals, like a $5 bill serial number, to validate multi-thousand-dollar exchanges highlights just how far removed these services are from compliance.

    Unless significant regulatory action is taken, Canada could continue to serve as a silent hub for crypto cash transfers that avoid scrutiny, recordkeeping, and legal obligations.

    Share this article
    Categories
    Tags

    Source link

  • Kiyosaki defends Bitcoin and warns Wall Street as crypto volatility returns

    Kiyosaki defends Bitcoin and warns Wall Street as crypto volatility returns

    Kiyosaki defends Bitcoin and warns Wall Street as crypto volatility returns

    • Kiyosaki accused Wall Street of promoting paper assets that benefit insiders.
    • He said gold, silver, and Bitcoin provide value outside institutional control.
    • His Bitcoin forecast puts the price at $250,000 by 2026.

    As volatility grips the crypto market again, Rich Dad Poor Dad author Robert Kiyosaki has stepped up in defence of Bitcoin and decentralised assets.

    Amid renewed price swings and public doubt over digital currencies, Kiyosaki argued that Bitcoin remains a hedge against centralised financial systems and inflation.

    He described it as “people’s money,” contrasting it with what he calls “fake money” issued by the US Federal Reserve and Treasury.

    While Warren Buffett’s past criticisms labelling Bitcoin as “gambling” resurfaced online, it was Kiyosaki’s response that reignited debate across financial communities.

    His message was clear: the fault lies not with crypto, but with a broken fiat system that he believes Wall Street continues to uphold.

    Fiat risks and distrust in institutions

    Kiyosaki has long rejected the idea that centralised institutions should be the backbone of wealth.

    In his view, the real danger to investors is not Bitcoin’s volatility, but the ongoing reliance on a system driven by inflation and debt.

    He warned that assets like stocks and bonds, frequently promoted by institutional investors, are just as vulnerable to collapse.

    According to him, the core issue is trust. While traditional markets claim to offer safety, Kiyosaki sees them as tools that enrich the powerful while exposing regular people to risk.

    This, he argues, is why decentralised assets like Bitcoin and Ethereum are gaining ground—they provide financial autonomy in an unstable environment.

    He classifies gold and silver as “God’s money” and Bitcoin as “people’s money,” highlighting their independence from government control and printing presses.

    With Bitcoin capped at 21 million coins, Kiyosaki says it offers protection that fiat currencies simply cannot match.

    Kiyosaki’s challenge to the financial establishment

    As Wall Street continues to sell institutional products, Kiyosaki is urging people to reconsider what really holds value.

    He questioned how long investors can trust paper-based assets in a world where central banks can print currency without limits.

    He emphasised that real-world necessities cannot be replaced with financial abstractions.

    “You cannot live in a paper house, drive using paper fuel, or eat paper food,” he wrote, pointing to the artificial nature of fiat-based wealth.

    By comparison, assets like Bitcoin offer a limited-supply, decentralised alternative that he believes is better suited to survive economic instability.

    Bitcoin prediction and market direction

    Amid the broader market uncertainty, Kiyosaki has also made a bold forecast. He predicts Bitcoin could reach $250,000 by 2026, a significant rise from its current level around $95,600.

    While this projection is speculative, it aligns with his belief that decentralised assets will outperform as trust in fiat continues to erode.

    Though Warren Buffett’s view of Bitcoin as speculative persists, Kiyosaki’s message offers a pointed challenge to the financial status quo.

    His comments reflect a growing shift in investor sentiment, where control, transparency, and scarcity are seen as more valuable than institutional assurance.

    Share this article
    Categories
    Tags

    Source link

  • Bitcoin Cash price prediction: eyes on the $460 demand zone if support gives way

    Bitcoin Cash price prediction: eyes on the $460 demand zone if support gives way

    Bitcoin Cash price under bear preassure

    • Bitcoin Cash price is under selling pressure, testing support near $470.8 and $460.3.
    • Bitcoin pullback and market fear amplify downside risks for the BCH price.
    • Key resistance sits at $528.85, with potential upside if support holds.

    Bitcoin Cash price has come under significant pressure in the past 24 hours, with BCH slipping to $491.09 following a series of technical setbacks and broader market weakness.

    After failing to hold above the $530 resistance level, Bitcoin Cash (BCH) has seen selling momentum intensify, as a result of technical profit-taking and the influence of the Bitcoin price pullback.

    Eyes are now on whether BCH can stabilise above critical support levels or if the selling pressure will push the cryptocurrency toward lower demand zones.

    BCH struggles under resistance amid bear pressures

    On November 13, Bitcoin Cash surged to $532 but faced rejection at the $530–$532 zone, failing to sustain a breakout.

    The cryptocurrency’s inability to remain above the 200-day EMA at $510.56 led to a break below the crucial $515 support, triggering algorithmic sell orders.

    Technical indicators such as the MACD, which remains below its signal line, have reinforced bearish momentum, while a close below the 61.8% Fibonacci retracement at $500.23 has invalidated the short-term bullish structure.

    Traders should now watch closely for a reclaim of $515 to stabilise prices, although a drop below $480 could open the door to deeper corrections.

    Bitcoin price pullback drags BCH lower

    BCH had not been immune to the broader weakness in the crypto market.

    However, Bitcoin’s rejection near $107,000 caused capital rotation away from riskier altcoins, with Bitcoin Cash (BCH) showing a 30-day correlation of 0.89 to Bitcoin (BTC).

    This strong correlation amplified the downside, contributing to a 24-hour trading volume surge of 10.58% to $523 million as traders exited positions amid panic selling.

    Market-wide risk aversion has further fueled the decline, with derivatives data showing a 4.58% drop in BCH futures open interest and overall spot volumes falling by more than 21%, reflecting low conviction across the market.

    The Crypto Fear & Greed Index, sitting at 22, indicating “Extreme Fear,” has also intensified the bearish sentiment.

    Bitcoin Cash price short-term outlook

    On shorter timeframes, the 6-hour chart highlights heavy selling momentum as BCH nears critical support.

    The immediate support around $470.8 is under pressure, with a notable demand zone at $460.3 potentially acting as a floor for buyers.

    Resistance is positioned near $528.85, though the price has shown limited strength to test it.

    A confirmed reversal pattern above 470.8 could prompt a retracement toward $528.85, but without clear bullish signals, further decline toward the 460.3 demand zone is likely.

    Bitcoin price analysis
    Bitcoin price chart | Source: CoinMarketCap

    Traders are advised to watch for momentum shifts before entering new positions, as failure to hold support could result in accelerated downside movement.

    Longer-term resistance levels also frame the narrative for the BCH price.

    According to market analysis, holding above $473.62 is crucial for any upward movement toward $493.23, and surpassing that could pave the way to $528.85, with $544.23 marking the third resistance target.

    Conversely, if $473.62 fails to hold, BCH may slide toward the next support at $444.75, underscoring the importance of this critical level in guiding near-term market behaviour.

    Traders and investors should keep a close eye on momentum shifts, as failure to hold key support could lead BCH toward lower levels, while maintaining stability could allow for a measured rebound.

    For those tracking market dynamics, understanding the interplay between Bitcoin Cash price and broader crypto movements remains critical in anticipating potential swings and making informed decisions.

    Share this article
    Categories
    Tags

    Source link

  • Plume network crashes to new all-time low as crypto sell-off deepens

    Plume network crashes to new all-time low as crypto sell-off deepens

    Plume Price Flames

    • PLUME hit an all-time low of $0.035, which had the token down 85% from its March peak of $0.247.
    • Losses came amid sustained bearish pressure, with a 26% single-day crash erasing millions off its market cap.
    • Plume Network saw a total of over $440,000 in futures liquidations, most of it longs.

    As markets bled, Plume Network’s price dropped sharply to hit an all-time low of $0.035 and rank among the top losers in the past 24 hours across crypto.

    PLUME, the native token of the blockchain platform dedicated to bridging traditional finance with decentralized ecosystems, plummeted as Bitcoin flipped red.

    BTC fell to a new multi-month low, erasing significant gains as bulls failed to defend levels all the way to $95,800.

    Plume price drops to a new all-time low

    The PLUME token traded at $0.0349 at the time of writing, having reached unprecedented new all-time lows amid a fresh crypto crash.

    Initially, the altcoin surged on hype surrounding Plume’s full-stack RWA chain to hit $0.247 in March. But its price has declined steadily since, and accelerated to the latest low amid heightened selling pressure.

    Plume Price
    Plume Network chart by CoinGecko

    In the past few months, whale addresses have sporadically dominated accumulation rounds.

    However, retail panic has taken on the upper hand. Market data shows over $440,000 in 24-hour liquidations, seeing long positions dominating at over $392,000.

    Per CoinGecko, Plume has recorded over $60 million in daily trading volume. That’s an 83% spike in the past 24 hours, which highlights the corresponding selling.

    What’s next for PLUME price?

    For Plume, a sustained break below $0.035 could invite further capitulation. Potentially, bears might fancy $0.03.

    Notably, this dump arrives despite robust fundamentals. Plume’s SEC registration as a transfer agent in Q3 2025 has unlocked pathways for regulated tokenized securities and on-chain IPOs.

    Furthermore, recent integrations, such as the acquisition of liquid staking protocol Dinero, bolster institutional appeal.

    However, social sentiment has soured amid macroeconomic strains, including jitters around the Federal Reserve’s interest path.

    Analysts say the odds of a rate cut in December have fallen, and reaction has largely been negative.

    Despite the carnage, Plume’s long term outlook could mirror expected rebounds for the crypto sector. Nest Protocol’s recent relaunch, with 100 million PLUME allocation to stakers, has drawn significant interest.

    This means recovery could hinge on bulls reclaiming $0.05 support.

    A broader uptick in RWA adoption and overall bullish strength could allow for a potential rebound to $0.075 and likely $1.

    Nonetheless,  the 26% dump could accelerate downside action if uncertainty further grips the market. That $0.03 mark is critical for bulls over the coming weeks.

    Over the past week, the Plume price has plunged by nearly 30%. It’s down 64% in the past three months.

    Share this article
    Categories
    Tags

    Source link

  • Chainlink crashes below $14 as Bitcoin slumps to $95K, altcoin market bleeds heavily

    Chainlink crashes below $14 as Bitcoin slumps to $95K, altcoin market bleeds heavily

    ethere Price Bearish

    • Chainlink price fell by double digits to below $14 on Friday, losses that came amid broader market turmoil.
    • LINK’s dump aligned with the sharp dip for Bitcoin to under $96,000.
    • Further losses could see Chainlink price plunge towards $10.

    The cryptocurrency market is reeling under intense bearish pressure, with Chainlink (LINK) price plummeting below the $14 mark alongside huge dips for Bitcoin, Ethereum, and Solana.

    Bitcoin’s drop below $96,000, with bears touching $95,860, fueled losses for ETH and SOL, which fell 10% each to new multi-month lows.

    The selling pressure triggered a cascade effect, dragging other altcoins like Cardano and Chainlink into the red.

    LINK is at risk of registering a deeper rout.

    Chainlink dips below $15

    Chainlink (LINK) price is among the top coins to suffer a dramatic fall as Bitcoin’s crash to a six-month low below $96,000 slammed sentiment hard.

    LINK traded at $14.08 as of the early US market session on Friday, down 11% in the last 24 hours. According to CoinMarketCap data, the double-digit loss extends the altcoin’s plunge in recent days to 25% in the past month.

    When considering the week’s cumulative decline, bulls are sharply down since hitting a recent high of $19.12.

    The altcoin’s market cap now stands at $9.76 billion, while daily volume has spiked 43% to nearly $1.2 billion to highlight the intensified market activity.

    Bitcoin plummets as bears crash bulls

    As highlighted, Chainlink price fell sharply amid a bearish onslaught that intensified with BTC’s sudden dip.

    While cryptocurrencies had dumped on Wednesday as investor concern around macroeconomic and geopolitical turbulence mounted, alts’ decline accelerated as fake news about Strategy selling BTC surfaced.

    Posts that Michael Saylor was selling bitcoin appeared to relate to redistribution in wallets and not selling.

    Analysts like Miles Deutscher were quick to point out the fake news, and onchain data analytics platform Lookonchain shared the details below.

    However, as Bitcoin dumped amid the initial selling, Chainlink followed suit. 

    The token’s price action mirrored the market’s fear sentiment, hitting lows last seen in April. Indeed, Chainlink’s plunge below $14 allowed bears to revisit lows of $13.90.

    The alt may be hovering around the $14 mark as bulls eye a rebound, but losses threaten increased bleeding towards the all-important $10 mark.

    Despite the dip, Chainlink price remains bullish long term, with factors such as macroeconomic tailwinds, regulatory shifts and partnerships key catalysts.

    There is also the buzz around spot exchange-traded funds, which are gathering release pace with a spot XRP ETF launching in the US this week.

    LINK could also benefit from the Chainlink Reserve initiative, which added over 74,049 LINK tokens this week to bring the total haul to over 803,387 LINK.

    Share this article
    Categories
    Tags



    Source link

  • UAE makes Bitcoin wallets a crime risk in global tech crackdown

    UAE makes Bitcoin wallets a crime risk in global tech crackdown

    UAE makes Bitcoin wallets a crime risk in global tech crackdown

    • The UAE’s Federal-Decree Law No. 6 of 2025 came into effect on 16 September.
    • Article 62 places APIs, explorers, and decentralised platforms under Central Bank control.
    • Article 61 regulates all marketing, emails, and online posts about crypto services.

    In a sharp pivot from its crypto-friendly image, the United Arab Emirates has enacted sweeping new legislation that classifies basic cryptocurrency infrastructure, including Bitcoin wallets, as potentially criminal unless licensed by the Central Bank.

    Legal experts from Gibson Dunn have flagged the law’s scope as unusually broad, warning that its language introduces significant risk for global technology providers.

    This shift, embedded in Federal-Decree Law No. 6 of 2025, comes into force from 16 September and carries global consequences for developers and platforms offering crypto access.

    The law replaces the 2018 banking statute and significantly widens the definition of financial activity. What sets this legislation apart is not only its scope but also its enforcement teeth.

    Penalties for non-compliance range from fines of AED 50,000 to AED 500,000,000 (up to $136,000,000) and may include imprisonment.

    Importantly, this applies not just to entities operating within the UAE but also to those whose products are accessible from within the country.

    Licensing now applies to wallets, APIs and even analytics

    The most consequential element of the new law is found in Article 62. It grants the Central Bank control over any technology that “engages in, offers, issues, or facilitates” financial activity.

    The wording is broad enough to encompass self-custodial wallets, API services, blockchain explorers, analytics platforms, and even decentralised protocols.

    This marks a fundamental change in how crypto infrastructure is regulated in the UAE.

    Previously, licensing obligations focused on traditional financial entities, but the updated framework shifts this focus to include software and data tools.

    According to developer analysis, even public-facing tools such as CoinMarketCap and open-source Bitcoin wallets may now require licensing to remain accessible within the UAE.

    For the first time, developers may face criminal penalties for offering unlicensed crypto tools, even if they are based abroad.

    This extension of jurisdiction signals a new regulatory posture that treats access to crypto as tightly as its ownership or exchange.

    Communications and marketing now fall under regulation

    The crackdown does not stop at financial infrastructure. Article 61 of the same law defines the marketing, promotion, or advertising of financial services as a licensable activity.

    In practice, this means that simply hosting a website, publishing an article, or sharing a tweet about an unlicensed crypto service could be considered a legal violation if that content reaches UAE residents.

    This change dramatically expands the compliance footprint for companies and developers.

    Gibson Dunn highlights that these provisions materially broaden the enforcement perimeter, especially for firms with no formal presence in the UAE.

    The law applies to communications that originate outside the country but are accessible inside it.

    The result is a regulatory landscape where developers, content creators, and infrastructure providers must weigh whether their platforms are indirectly accessible by users in the UAE.

    In many cases, avoiding legal exposure may require disabling access or halting service altogether.

    Dubai’s free zones no longer shield crypto services

    Over recent years, the UAE has positioned itself as a hub for blockchain innovation.

    Jurisdictions such as Dubai’s Virtual Assets Regulatory Authority (VARA) and Abu Dhabi Global Market (ADGM) attracted global attention with purpose-built crypto licensing frameworks.

    However, the new federal law overrides these free-zone arrangements, asserting Central Bank control nationwide.

    Federal law supersedes any rules introduced by the UAE’s free zones, effectively dissolving the regulatory arbitrage that once drew companies to Dubai.

    The broader context includes the country’s history of digital restrictions.

    For instance, WhatsApp voice calls remain blocked across the UAE, reinforcing a consistent policy approach to centralised control over communications and digital tools.

    While this may bring the UAE in closer alignment with international pressure from groups like the Financial Action Task Force, it also puts crypto service providers in a difficult position.

    In other jurisdictions facing similar pressure, firms have withdrawn entirely to avoid enforcement risk.

    Enforcement begins in 2026, with further rules expected

    Entities have a one-year window from 16 September 2025 to come into compliance. This grace period may be extended at the discretion of the Central Bank.

    During this time, further regulations are expected to clarify how these broad rules will be applied in practice.

    Despite this, the scope of the law is already causing concern.

    The language around facilitation and communication, combined with the severe penalties under Article 170, suggests that firms offering crypto tools globally must now consider the risk of incidental exposure to UAE users.

    For software developers and platform operators, this marks a significant departure from the norms of decentralised access and open-source innovation.

    Share this article
    Categories
    Tags

    Source link

  • TEL price soars after Telcoin received final charter approval in Nebraska

    TEL price soars after Telcoin received final charter approval in Nebraska

    • Telcoin has gained Nebraska approval for the first US digital asset bank.
    • Telcoin’s TEL token surged over 95% following the approval.
    • The bank aims to bridge traditional finance with blockchain and DeFi access.

    Telcoin (TEL) price has skyrocketed following a landmark regulatory breakthrough that positions the project at the forefront of the emerging US digital asset banking sector.

    The cryptocurrency, which had already been gaining attention for its remittance-focused infrastructure, experienced a surge of more than 95% after Nebraska regulators granted the company final approval to operate as the first Digital Asset Depository Institution in the United States.

    The approval has created a wave of optimism among investors, signalling a new era where compliant blockchain banking and traditional finance converge.

    Telcoin’s historic charter approval

    The regulatory approval allows Telcoin to operate as a fully chartered US digital asset bank.

    This gives the company the authority to issue eUSD, the first bank-issued, on-chain US dollar stablecoin backed by dollar deposits and short-term treasuries.

    CEO Paul Neuner described the charter as a historic moment, emphasising that it enables the creation of “Digital Cash” for everyday use and connects traditional banking to blockchain-based financial services.

    By bridging crypto and traditional finance, Telcoin is now positioned to reduce regulatory risks while accelerating adoption of its remittance-focused network.

    The charter also opens the door for Telcoin to offer retail and commercial depository services, accept crypto deposits, and provide crypto-backed loans.

    The bank will leverage Federal Reserve payment rails, which enhances liquidity and trust for institutional and retail clients alike.

    Regulatory clarity has been a persistent barrier in the cryptocurrency space, and this approval sets Telcoin apart from other blockchain companies that operate without a depository trust charter.

    Nebraska’s decision demonstrates that compliant blockchain banking is achievable, offering a model that other states may follow.

    Telcoin (TEL) price reaction

    The market responded immediately with the Telcoin (TEL) price jumping from a low of $0.00284 to highs near $0.00689 within hours, before settling around $0.006 across major exchanges.

    Trading volumes also soared to approximately $1.74 million during this period, making Telcoin the top performer among the top 200 cryptocurrencies by market capitalisation.

    The cryptocurrency’s market value now stands at roughly $610 million, reflecting investor confidence in the project’s long-term prospects and its regulatory-backed utility.

    Technical indicators have reinforced the bullish sentiment, seeing that TEL has broken above the $0.0042 resistance level and has sustained momentum above the 200-day moving average, driven by short-covering and FOMO buying.

    Although the RSI has entered overbought territory, signalling strong upward pressure, the MACD confirms the breakout’s momentum.

    Telcoin price analysis
    Telcoin price chart | Source: CoinMarketCap

    Eyes are now on the $0.0067 level, which corresponds to a key Fibonacci extension, as a potential confirmation of a macro trend reversal.

    Telcoin’s growing influence in US banking

    Telcoin’s strategic vision now includes not only issuing the eUSD stablecoin but also enabling the remaining 95% of US banks to integrate blockchain-based financial services.

    The Nebraska Financial Innovation Act of 2021 laid the groundwork for this development, while the recent GENIUS Act approval provides federal guidance for stablecoins and digital assets.

    By creating a compliant bridge between fiat banking and decentralised finance, Telcoin aims to offer practical solutions for both consumers and financial institutions, further distinguishing the TEL cryptocurrency as a utility-driven asset rather than a speculative token.

    By securing regulatory approval, Telcoin strengthens its position as a leading player in this niche, attracting investors who value legal certainty and real-world application.

    Share this article
    Categories
    Tags



    Source link

  • Aster price retests $1.2 level as whale scoops 8.4M tokens

    Aster price retests $1.2 level as whale scoops 8.4M tokens

    ASTER Price

    • Aster price jumped 7% as bulls retested the $1.2 resistance level.
    • Technical breakout signals a potential upside continuation.
    • A whale has added to their ASTER accumulation, now holds over 8.4 million of these tokens.

    The Aster (ASTER) token has its price hovering above $1.17 as bulls look to retest the $1.2 resistance level.

    While the 7% intraday gains as of writing suggest a quiet day in Aster price movement standards, the uptick comes amid a notable strategic accumulation of 8.4 million ASTER tokens.

    Consistent buying activity, coupled with emerging technical patterns, could shape an upside explosion for the DEX token.

    Whale accumulates 8.4 million ASTER

    Recent on-chain data, highlighted in a post by Lookonchain on X reveals that the whale “ThisWillMakeYouLoveAgain” has significantly bolstered its position in Aster since November 4, 2025.

    Over this period, the entity has acquired 8.41 million ASTER tokens, purchased at an average price of $0.97 per token.

    This accumulation has yielded an unrealized profit of $1.1 million as of the latest updates.

    Per onchain data, the whale’s transaction history spans multiple deposits of USDT into the Aster platform and subsequent token purchases. It speaks of a calculated strategy.

    Notably, this investor previously realized substantial profits from trading PEPE.

    Another factor that is pulling Aster up is buybacks.

    Over the past 24 hours, ASTER token buybacks surged 50%, reaching a pace of $7,500 per minute.

    The initiative removed 2.4 million ASTER coins from circulation, valued at approximately $2.8 million, equivalent to 0.12% of the total circulating supply.

    The resulting supply reduction has provided bullish momentum for the token, with market sentiment further lifted by rumors of a potential Coinbase listing and a technical rebound that has drawn renewed interest from crypto traders.

    A lot of the wins are down to astute market timing, and having bought ASTER at lows this past few weeks, the suggestion is that the bull has fresh confidence in Aster’s potential.

    Aster price outlook amid technical breakout

    While many altcoins continue to struggle, Aster’s price has exhibited a technical pattern breakout.

    The token’s uptick and potential retest of the $1.2 level align with a breakout from a symmetrical triangle pattern on the 4-hour chart.

    If bulls close above the resistance line of the triangle and print a retest around $1.215 seen earlier, it could be indicative of a reversal from bearish to bullish momentum.

    Aster Price
    Aster price chart by TradingView

    The RSI and Chaikin Money Flow indicators further support this trend, with the former above 62 and likely to extend upward.

    The CMF metric signals consistent capital inflows and hints at an accumulation phase that could propel Aster toward higher resistance levels.

    Should the $1.2 barrier be breached, technical forecasts suggest potential targets between $1.25 and $1.50 in the near term.

    Bulls’ plans will be contingent on continued market support.

    However, with broader weakness, bears might have other plans.

    The coming days will therefore be critical in determining whether the token can sustain upside momentum above $1.2 or not. In the case of a negative flip, prices may fall to immediate support at lows of $1.08 and $0.96.

    Share this article
    Categories
    Tags



    Source link

  • Bitcoin (BTC) battles macro headwinds despite improved ETF inflows

    Bitcoin (BTC) battles macro headwinds despite improved ETF inflows

    Bitcoin (BTC) battles macro headwinds

    • Bitcoin price remains range-bound amid long-term holder selling and falling demand.
    • US Bitcoin ETFs inflows signal cautious institutional optimism.
    • Macro uncertainty from the Fed and government shutdown keeps BTC under pressure.

    Bitcoin (BTC) continues to navigate turbulent market conditions as macroeconomic uncertainty and institutional dynamics shape its near-term trajectory.

    Despite renewed interest from investors and a notable surge in Bitcoin ETFs, the world’s largest cryptocurrency faces persistent pressure from long-term holder selling, cautious institutional sentiment, and a complex macro backdrop influenced by the Federal Reserve and ongoing government shutdown developments.

    Analysts and strategists are watching closely as BTC balances between cyclical signals and broader market realities in November.

    Bitcoin price struggles amid range-bound trading

    Bitcoin price has remained largely trapped between $106,000 and $116,000 over the past two weeks, signalling a period of consolidation rather than upward momentum.

    Long-term holders have accelerated their monthly distribution to roughly 104,000 BTC, marking one of the heaviest selling waves since mid-July, according to the recent Bitfinex report.

    This persistent supply pressure is coinciding with muted institutional demand following October’s sharp liquidation event, leaving BTC caught in a sideways range with limited short-term catalysts.

    Analysts warn that unless ETF inflows or new spot demand increase, the cryptocurrency could test support near $106,000, and a sustained breach of this level might open the path to $100,000.

    ETF inflows signal cautious optimism

    Despite these headwinds, Bitcoin ETFs have shown signs of recovery, injecting optimism into the market.

    On November 11, US spot Bitcoin ETFs recorded $524 million in cumulative net inflows.

    US Bitcoin ETFs inflows
    Total Bitcoin Spot ETF Net Inflow (USD) | Source: Coinglass

    This return of demand, alongside smart money traders adding net long positions totalling over $8.5 million, highlights a growing, albeit measured, confidence among institutional participants.

    Analysts have noted that sustained ETF inflows may signal an end to the broader de-risking phase observed after the market downturn, even as retail participation remains subdued.

    Macro factors keep BTC on edge

    Despite increased ETF inflows, macro conditions continue to weigh heavily on Bitcoin (BTC).

    The Federal Reserve’s recent 25-basis-point rate cut and the formal end of its balance sheet runoff are tempered by internal division over the next steps, with some officials citing risks from persistent inflation and others warning of slowing labour markets.

    Meanwhile, the Secured Overnight Financing Rate recently plunged to 3.92%, which financial analyst Shanaka Anslem described as indicative of market panic.

    These developments, combined with falling consumer confidence and cooling wage growth, have created uncertainty around near-term capital flows and investor appetite for risk assets like Bitcoin.

    The ongoing government shutdown adds another layer of complexity.

    While the Senate moves toward a potential resolution, analysts note that the relief may boost equities more than cryptocurrencies, as capital appears to rotate toward traditional financial markets while liquidity waits on the sidelines for normal economic data to resume.

    These dynamics have contributed to continued downside pressure on BTC, even as technical and ETF-related signals point to potential stabilisation.

    Bitcoin price outlook for November

    Looking ahead, November may not deliver the historic rallies often seen in the penultimate month of the year, as Bitcoin (BTC) remains caught between conflicting forces.

    While ETF inflows and smart money activity provide a foundation for renewed optimism, ongoing distribution by long-term holders, macro uncertainty, and cautious institutional behaviour continue to weigh on the Bitcoin price.

    Share this article
    Categories
    Tags



    Source link