Kiit News

Kiit News of crypto

Leverage Leaves XRP Market As Traders Shift Toward Caution: What Comes Next?

XRP continues to struggle to reclaim higher price levels as persistent selling pressure weighs on the broader crypto market. Recent price action suggests a cautious environment, with traders showing reduced appetite for aggressive positioning amid ongoing volatility and uncertain macro conditions. While XRP has avoided a full breakdown, the inability to sustain upward momentum reflects…

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4 mins read

Hong Kong Unveils New Rules To Allow Crypto Margin Financing And Perpetual Contracts

Hong Kong financial authorities have announced new rules to expand the scope of product offerings, allowing the integration of crypto margin financing and perpetual contracts into the local virtual assets market. Hong Kong Approves Crypto Margin Financing, Perps On Wednesday, Hong Kong’s Securities and Futures Commission (SFC) unveiled a framework for licensed corporations that provide…

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3 mins read

Bitcoin Exchange Paxful Faces $4 Million Fine For Conspiring To Promote Illegal Prostitution

Paxful, once one of the largest peer‑to‑peer (P2P) Bitcoin marketplaces, has agreed to pay a $4 million criminal penalty after pleading guilty to multiple federal offenses, the US Department of Justice (DOJ) announced Wednesday.  The charges include conspiracies to promote illegal prostitution, operate an unlicensed money transmitting business, violate the Bank Secrecy Act, and knowingly…

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2 mins read

Stablecoins See Largest Conversion Spreads In Africa, Research Shows

Africa’s promise of cheaper remittances via stablecoins is clashing with reality in many places. According to data from Borderless.xyz, January’s median spread for stablecoin-to-fiat conversions across Africa reached nearly 300 basis points — about 3% — far higher than Latin America’s roughly 1.3% and Asia’s tiny 0.07%. That gap matters. It hits wallets where people…

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2 mins read

BlockFills Freezes Client Funds — Is Another Crypto Crisis Unfolding?

BlockFills, a Chicago‑based cryptocurrency trading and lending firm that caters to institutional investors, has temporarily halted client deposits and withdrawals following the latest sharp downturn in digital asset markets.  The decision came after Bitcoin (BTC) dropped to around $60,000 last week before recovering some of its losses. A company spokesperson confirmed on Wednesday that the…

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3 mins read

Denmark’s Largest Bank Adds Bitcoin, Ethereum ETPs, But Warns Of ‘High Risk’

Danske Bank has started offering Bitcoin and Ethereum ETPs to customers for the first time, but the bank still doesn’t endorse crypto assets. Danske Bank Now Offers Bitcoin & Ethereum ETPs As announced in a press release, Danske Bank’s customers can now invest in some exchange-traded products (ETPs) tracking the two largest cryptocurrencies: Bitcoin and…

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3 mins read

3 Major Cardano Announcements Just Landed: The Breakdown

Three Cardano ecosystem announcements landed onstage at Consensus Hong Kong yesterday, spanning cross-chain rails, a new stablecoin rollout timeline, and a privacy-focused network’s march to mainnet. #1 Cardano Taps LayerZero Intersect said via X its Critical Cardano Integrations workstream has approved bringing LayerZero into the Cardano ecosystem, positioning the move as the network’s largest interoperability…

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2 mins read

Bithumb Issues Statement Over Reward Payment Error – Details

Korean exchange Bithumb has cleared the air over an internal error that credited certain user wallets with a “concerning” amount of BTC. Notably, this mishap resulted in significant price volatility on the exchange, drawing attention from observing crypto enthusiasts. Bithumb Moves To Wrap Up Recovery After Overpayment Error On February 6, Lookonchain, among many crypto…

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2 mins read