Crypto mobile wallets hit 36M record high amid growing retail adoption
30 Jan 2025
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Mobile cryptocurrency users have reached a new all-time high, as Increasingly more passive cryptocurrency holders are turning into active users, showcasing growing mainstream adoption. Mobile cryptocurrency wallets reached a new all-time high of over 36 million in the fourth quarter of 2024, according to Coinbase’s quarterly crypto market report, published on Jan. 29. “Mobile wallets can play…

Digital Currency Group spins out new crypto mining subsidiary
30 Jan 2025
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Venture capital company Digital Currency Group (DCG) has spun out a new cryptocurrency mining subsidiary, signaling its intent to provide institutional exposure to a diversified pool of mined crypto assets. According to a Jan. 29 announcement on the X social media platform, Fortitude Mining has been established as DCG’s standalone mining business. Previously, the mining…

Hong Kong SFC grants first crypto licenses of 2025
30 Jan 2025
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The Securities and Futures Commission (SFC) of Hong Kong issued the first set of operational licenses of 2025 to two crypto trading platforms. The regulator has issued seven crypto licenses in total since it started a licensing drive in mid-2024. On Jan. 27, the SFC awarded operational licenses to two Hong Kong-based crypto exchanges — PantherTrade…