The ongoing race to get more licenses is in full swing, and dozens of crypto-based companies are closely competing. From the beginning of 2024 till writing, several leading crypto exchanges, including institutional traders, secured licenses in different nations globally.
According to recent information, eToro in Tel Aviv, Israel, has announced the launch of spot trading in Germany in collaboration with a regional firm. In the confirmation, the firm notes that it has partnered with DLT Finance for spot trading, and for custody services, it joins with Tangany.
Both these regional firms are registered with the regulator BaFin. In the past few quarters, a significant surge in company registration and crypto adoption has been observed in Germany.
eToro said, “Once the partnership is live, and you decide to buy or sell crypto assets, you will be asked to agree to the Terms and Conditions (T&Cs) of DLT Finance, Tangany, and eToro, as well as their privacy policies.”
Currently, the decided fees for transactions are 1%; however, the price may change in the coming future. In the second week of September, news of the settlement of eToro and SEC gathered a huge spotlight.
eToro agreed to pay $1.5 as a settlement amount to the U.S. Securities and Exchange Commission over the charges of operation as an unregistered broker and clearing agency.
Other Market News Updates
In the past 78 hours, the Bitcoin ETF category has seen significant traction with a surge in inflow; in terms of the highest inflow, FBTC tops the list as it saw an inflow of $24.03 million.
The BTC ETF by GrayScale is struggling constantly, losing the title of most significant and most traded. On the other hand, IBIT ETF by BlackRock continues to expand its dominance and holds the title of the ETF with the highest positive inflows.
On September 24, 2024, Todayq reported that the SEC had filed a lawsuit against Anthem Holding Co. and its CEO for defrauding the investors, resulting in over $5 million in losses. The commission has charged Anthem Hayek, the CEO, and his company for violating the antifraud provision and Section 10 (b) of the Securities and Exchange Act 1934.
Larry Fink, the Chief Executive Officer of BlackRock, discussed with CNBC that he believes that Bitcoin will surely reach $100,000, terming it as a legitimate investment. Yet before delving deep into the concepts of cryptocurrencies, he noted he was skeptical of them.
On September 23, the tax authorities of Argentina raised a cereal farming farm where they found cryptocurrency mining rigs roughly valued at $20 million. The data also notes that the discovered devices were not connected to the internet.
Crypto Market Price Updates
As of writing, the Cryptocurrency market capitalization was 2.25 trillion US dollars within an intraday surge of 1.1%; simultaneously, the fear and greed index powered by CoinMarketCap was at 51, reflecting neutral sentiment in the vast market.
In the past 24 hours, Bitcoin price grew 0.51% and traded at $63,521; however, its price has surged significantly in the past seven days, adding 8.21%. The market dominance of BTC continues to grow, reaching 56.53% at the time of writing.
Following the recent announcement by the FED, the cryptocurrency market is following a bullish path, growing roughly 2.20% in 78 hours.
