#crypto

The UK's Financial Conduct Authority (FCA) will start accepting applications for Bitcoin and Ethereum crypto cETNs (Exchange Traded Notes).

The 7-day moving average for daily crypto trade volume has hit $97.4 billion. This figure significantly exceeds the metrics seen in the summer of 2023 and closely matches the average trading volumes of 2021. The analysis covers a comprehensive range of popular trading platforms across the globe.

The stablecoin leader has entered into a Memorandum of Understanding (MOU) with the National Agency of Perspective Projects (NAPP) of Uzbekistan, the body charged with overseeing the growth and regulation of the crypto industry.

Zac Prince, the mind behind the crypto lending platform BlockFi, has decided to leave the crypto world behind to focus on the real estate sector, applying his vast expertise to more traditional business ventures. He, however, plans to return to the crypto space eventually with a new company designed to withstand market fluctuations better.

SafePal, a decentralized crypto wallet, has launched a Visa virtual bank card, teaming up with Swiss bank Fiat24. This initiative promises decentralized and confidential asset storage, though the bank will maintain custody of user credentials.