Author: James Wilson

Stability is a key factor on which global financial institutions operate, and the Bank for International Settlements (BIS) is made for exactly that purpose. However, not many people know about this powerful organization and its role in the global finance world. In this article, we’ll discuss what is the Bank for International Settlements, who owns the Bank of International Settlements, and its purpose in the cryptocurrency world. What is the Bank for International Settlements?  The Bank for International Settlements (BIS) is an international financial institution owned by central banks which “fosters international monetary and financial cooperation and serves as a…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As major cryptos face pressure, Codename:Pepe emerges as a bold contender, blending AI-driven insights with meme culture to shake up the market. Today’s crypto scene sees major shifts. Key players like Solana are facing downturns, while XRP is under pressure. The situation gets more intense with the Bybit hack shaking confidence among investors. Amid this chaos, an unexpected contender is rising quickly. A new project, known by its cryptic moniker Codename:Pepe, is capturing attention with its promising presale reaching…

CoW Protocol’s native token has soared 46% after South Korean exchange Upbit announced it will be listing the token on its platform on Feb. 25. According to a recent notice, Upbit will be listing COW (COW), the CoW Protocol native token starting from Feb. 25 at approximately 20:30 KST. The Ethereum (ETH)-based token will be available for trading on the Korean won, Bitcoin (BTC) and Tether (USDT) markets. Users can begin depositing COW on Upbit at 19:30 KST. Shortly after Upbit announced it will be listing COW, the token saw a major leap in price. COW soared as high as…

Dubai’s regulator is planning to introduce new rules requiring crypto business to disclose names of large holders. Crypto investors holding large sums in Dubai could soon have their identities revealed to authorities as part of a new push to protect consumers in the city’s growing virtual asset market. The Virtual Assets Regulatory Authority plans to require licensed crypto issuers and service providers to disclose the names of major crypto holders, or “whales,” especially if most tokens are owned by a creator or institution. VARA’s boss Matthew White explained in an interview with The Standard that the move could help investors…

Bithumb, one of South Korea’s leading crypto exchanges, is set to add Ethena to its Korean Won market today. According to Bithumb’s official announcement, trading for Ethena (ENA) will begin at 6:00 PM KST on Tuesday, Feb. 25, 2025. Deposits and withdrawals will open within three hours of the notice, but only on the Ethereum network. Ethena will have an initial price of 536 krw, and traders must wait for 33 deposit confirmations before transactions can be processed. Bithumb has also put some temporary restrictions in place for the launch. Buyers won’t be able to place orders in the first…

The crypto market is in a state of widespread panic as total crypto liquidations reached over $1.30 billion in the span of 24 hours. Traders on X are accusing exchanges of ‘capping’ long liquidations and manipulating the market. According to data from Coinglass, in the past 24 hours, 367,789 traders saw their long and short positions liquidated, with total liquidations coming up to $1.34 billion. So far, the largest single liquidation order happened on Binance – BTCUSDT, with a transaction value of $20.80 million. In the past 8 hours, at least $235 billion has been wiped off the crypto market…

South Korean crypto exchange Upbit faces a three-month suspension on new user transfers following violations of local regulations. One of the largest Korean crypto exchanges Upbit has been hit with a three-month suspension on new user transfers by the the Financial Services Commission due to violations of multiple financial regulations, South Korean newspaper JoongAng Ilbo has learned. The limitations come as response due to the exchange’s failure to comply with trading restrictions, customer verification duties, and obligations to report suspicious transactions, the report reads. Along with the suspension, the Korean financial watchdog also issued a warning to Dunamu’s CEO, Upbit’s…

Solana has suffered a sharp decline, dropping to its lowest level since November as selling pressure keeps mounting ahead of a major token unlock. As of the time of writing, Solana (SOL) is sitting at $135 mark, down by 15% in just one day. On the weekly and monthly timeframes, it has declined by 17% and 56% respectively, according to crypto.news. This marks Solana’s lowest price since mid-October. The price crash comes despite growing institutional interest in SOL, with asset managers like Franklin Templeton and VanEck recently filing for Solana exchange-traded funds. This downturn in Solana’s price can be tied…

U.S. spot Bitcoin ETFs saw a big spike in net outflows on Feb. 24, with most of it coming from Fidelity and BlackRock’s funds as market sentiment turned sour. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $516.41 million in outflows on Monday, a surge of over 700% from the previous day’s $62.77 million, making it the worst single-day outflow since Jan. 8. Fidelity’s FBTC took the biggest hit, losing $246.96 million, followed by BlackRock’s IBIT, which saw $158.59 million in redemptions. Notably, none of the ETFs recorded any inflows that day, signaling a strong wave of…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Catzilla is the latest meme coin gaining attention, with a presale structure that could offer significant returns as it progresses through 14 stages. In the vibrant world of cryptocurrencies, where market dynamics constantly shift, there’s a buzz about a new potential breakout. Crypto enthusiasts and seasoned traders are keenly observing a digital asset that promises astounding returns. As the market rallies, the focus is now on Catzilla, a promising contender that experts predict may soar exponentially. The opportunities it…