Frankfurt's Blockchain Exchange 21X Secures BaFin License for EU-Compliant Trading
The Frankfurt-based startup, 21X, has achieved a significant milestone by obtaining a license from Germany's financial regulatory authority, BaFin. This approval allows the company to operate an EU-compliant trading and settlement system based on blockchain technology. The platform aims to launch in Q1 2025 and will focus on tokenized assets such as stocks and real estate. By utilizing the Polygon blockchain and collaborating with Chainlink, 21X plans to ensure high-quality data provision and interoperability between different blockchains. According to Krypto Magazin, this development could set new standards for digital asset trading in Europe.
Bitcoin Bull Market Incoming? MicroStrategy Invests Billions
A recent Twitter press review highlights optimistic market forecasts alongside critical voices regarding Bitcoin’s future trajectory. PlanB (@100trillionUSD) reports massive interest in his latest video suggesting a potential bull market onset for Bitcoin after garnering over 100,000 views within six hours. Meanwhile, some investors remain skeptical about reaching record highs of $100k per Bitcoin due to previous price fluctuations noted by crypto enthusiasts. In parallel developments reported by Krypto Magazin, MicroStrategy made headlines again with its substantial investment of another $1.5 billion into Bitcoin—bringing their total holdings up significantly under CEO Michael Saylor’s leadership.
Korean Crypto Boom Surpasses Kospi; Trump Declares Bitcoin 'Deal of the Century'
Southeast Asia is witnessing remarkable shifts as South Korean crypto exchanges surpass traditional markets like the Kospi index post-U.S. elections according to Bloomberg Crypto via Sidcoins' insights shared through Twitter discussions covered by Krypto Magazin. Concurrently making waves was former President Donald Trump's declaration labeling "Trump Max" associated Bitcoins as the ‘deal of the century,’ which further bolsters confidence among proponents, including notable figures such as Michael Saylor, who consistently advocates cryptocurrency investments strategically positioning them amidst macroeconomic uncertainties globally. Meanwhile, Japan pioneers sustainable mining solutions by leveraging Jack Dorsey-backed Ocean Mining Software initiatives, potentially setting international benchmarks for environmentally conscious practices industry-wide. This could positively impact the regulatory landscape stateside should pro-Kryptonian Paul Atkins assume the SEC chairmanship role soon enough, fostering innovation domestically and enhancing trustworthiness worldwide alike.
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