Crypto exchange Bitget has gained a BSP license in El Salvador to offer Bitcoin-only products and services to customers in the region. The company has applied for a Digital Assets Service Provider (DASP) license with financial regulators in El Salvador to expand its office offerings in the country. Bitget will also establish a local team dedicated to improving service delivery and building stronger connections with local users. Leading global cryptocurrency exchange Bitget has achieved a milestone as the first digital asset trading platform to secure a Bitcoin Service Provider (BSP)…
Author: Vortex Cryptonews
Argentina Opens Doors to Crypto Investment Through Revolutionary ETF, CEDEARs
Five new CEDEARs instruments launched in Argentina, including exposure to Bitcoin ETF IBIT and Ethereum ETF ETHA, eliminating the complexity of crypto wallet management. The investment product was announced on the same day as BTC hit $100K. Argentina’s BYMA and Banco Comafi collaborated for the program. Latin American country Argentina has taken a significant step when it comes to digital asset investment, allowing citizens to engage in new investment opportunities via a new range of revolutionary exchange-traded funds (ETFs), CEDEARs. Local investors will now have access to diversified investments with…
Chainlink (LINK) Launches Data Feeds and Proof of Reserve on Hedera (HBAR) Mainnet
Hedera network has registered significant growth in its TVL amid the mainstream adoption of web3 technology. The integration of Hedera and Chainlink will have a long-term positive impact in the long term. Hedera network, a top-tier layer one blockchain backed by reputable global companies, has announced the official integration with the Chainlink standard to enhance its web3 democratization agenda. According to the , the Chainlink Data Feeds and Chainlink Proof of Reserve are now live on the Hedera network. As a result, DeFi developers on the Hedera network can access…
Britain’s Crypto Hub Ambitions Face Challenges amid US Competition
The United Kingdom aims to become a leading crypto hub, competing with the US, despite skepticism from local entrepreneurs. Economic Secretary Tulip Siddiq plans legal provisions for digital assets, including stablecoins, to foster crypto growth. FCA’s roadmap will regulate the crypto industry by 2026, addressing stablecoins, trading, and lending challenges. The UK is laying out an ambitious plan to become a leading global hub for crypto, positioning itself as a competitor to the US in this rapidly evolving industry, to CNBC. Despite these intentions, many entrepreneurs within Britain’s borders are…
AUSTRAC Launches New Taskforce to Tackle Non-Compliant Crypto ATMs in Australia
Australia’s financial agency has launched a taskforce to enforce stricter regulations on cryptocurrency ATMs as criminal misuse rises within the country. The country’s anti-money laundering rules require crypto ATM operators to monitor transactions and report suspicious activities. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched a dedicated task force to enforce stricter regulations for crypto ATMs across the country. The move is part of the agency’s broader efforts to combat money laundering and other illicit activities associated with digital currencies. On Friday, the financial intelligence agency digital assets…
$420 Million in Crypto Liquidation as Bitcoin (BTC) Price Falls
Bitcoin registered a new All-Time High above $108,000 on December 17. The coin reversed its growth, fueling a $420 million crypto liquidation. The uncertainty around interest rate cuts is placing traders on the edge. The price of Bitcoin has seen a slight drop that has triggered some liquidation in the crypto market. As BTC lost 2.99% of its price gain to trade at $104,027.71, 165,326 traders suffered liquidations. The combined liquidation figure topped $420 million. According to data from , the largest single liquidation occurred on the Binance exchange. Long…
BlackRock Recommends 2% Bitcoin (BTC) Portfolio Allocation
BlackRock’s iShares Bitcoin Trust (IBIT) has grown to $53.8 billion in net assets under management, surpassing their Gold ETF in less than a year of operation. The investment firm cautioned clients not to surpass 2% in Bitcoin allocation to traditional portfolios to avoid higher risks. BlackRock Inc. (NYSE: BLK), the world’s largest asset manager with more than $11.5 trillion in assets under management (AUM), has had a huge success with its adoption strategy. The New York-based investment firm has made a name in the cryptocurrency industry through its iShares Bitcoin…
Bitcoin ETFs See Historic $693M Inflow, Poised to Surpass Satoshi Nakamoto’s Holdings
Yesterday, US Bitcoin ETFs recorded $675.97 million in inflows, marking the fourth consecutive day of strong inflows. As of December 3, spot Bitcoin ETFs collectively hold 1.083 million BTC, nearing Satoshi Nakamoto’s estimated 1.096 million BTC holdings. Despite the impression inflows, daily trading volumes for Bitcoin ETFs dropped to $2.93 billion, down from $3.91 billion the previous day . On December 3, Bitcoin spot exchange-traded funds (ETFs) in the United States achieved another milestone, with inflows reaching an impressive $675.97 million in a single day. This marks a 90% increase…
Bernstein: Ethereum Staking Yield to Improve with Pro-crypto US President
Ethereum ETF products may get staking approvals under the Trump administration. Global Ethereum ETF markets including Hong Kong also considering this product. Despite headwinds, Bernstein is convinced staking could enhance Ethereum’s appeal in the market. With ‘s inauguration in 2025, analysts at research and brokerage firm Bernstein believe staking yields might gain approval for spot Ethereum Exchange-traded Funds (ETFs) in the United States. Significantly, the incoming Trump administration is one of the four factors driving a resurgence of interest in Ethereum . The broader crypto market has a combined capitalization…
Ceffu and EOS Join Hands to Offer Advanced Custody and CeDeFi Solutions
With Ceffu integration, EOS token holders can access innovative yield solutions designed specifically for institutional investors. EOS’s inclusion in the newly launched COIN50 Index highlights increasing institutional interest in the EOS ecosystem. EOS has implemented significant improvements to its tokenomics, including a $450 million staking rewards program. Ceffu, the institutional custody partner of , has recently joined hands with the EOS Network Foundation (ENF) to provide institutional-grade custodial services for EOS token holders, along with unlocking new CeDeFi opportunities. With its advanced custody infrastructure, Ceffu provides institutions with a secure…