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Gemini joins Europe’s crypto race with Malta’s regulatory approval
Cryptocurrency exchange Gemini has received in-principle approval from Malta’s financial watchdog for an investment firm licence, marking a significant step towards its European expansion. The Malta Financial Services Authority (MFSA) approval positions Gemini to offer regulated crypto services across the European Economic Area. The firm plans to use Malta as its base for its Markets in Crypto-Assets (MiCA) application.
A full licence would enable Gemini to provide regulated futures and options trading under MiFID II regulations, meeting growing institutional demand across Europe. Mark Jennings, Head of Europe at Gemini, called the approval a crucial milestone, highlighting increasing demand for crypto derivatives among institutional investors. The exchange plans to enhance its service offerings, including perpetual futures alongside its existing spot exchange and OTC trading systems.
The move aligns with a broader trend of crypto firms expanding their European presence ahead of MiCA’s implementation, the EU’s first comprehensive digital assets framework adopted in 2023.
Read the original article here: https://cryptoslate.com/gemini-joins-europes-crypto-race-with-maltas-regulatory-approval/
Bitcoin’s meme ICO going viral 24 hours before launch
Bitcoin Pepe is set to enhance the world of meme coins by introducing a layer 2 solution that integrates Solana’s technology with the Bitcoin blockchain. The PEP-20 token standard will allow anyone to launch meme coins on Bitcoin. By reducing barriers to token creation, Bitcoin Pepe aims to mirror the success of pump.fun and Solana, and has announced its intention to create ‘Solana on Bitcoin.
The public ICO will commence on February 11. This layer 2 solution seeks to establish a new meme ecosystem for Bitcoin, bringing memes to BTC as Bitcoin dominance approaches a four-year peak and traditional finance shows increasing interest. By combining Solana’s retail-friendly features with Bitcoin’s security, Bitcoin Pepe aims to drive adoption through swift transactions and minimal fees within Bitcoin’s ecosystem.
Read the original article here: https://cointelegraph.com/press-releases/bitcoin-meme-ico-going-viral-24-hours-before-launch
India surpasses Australia, Malaysia to become third largest tourist market for Singapore
Singapore’s tourism sector experienced remarkable growth in 2024, with Indian visitors ranking third amongst international arrivals, according to the Singapore Tourism Board (STB). Tourism receipts reached unprecedented levels, meeting the board’s upper forecast expectations. International visitor numbers rose by 21% from 2023, totalling 16.5 million.
Tourism receipts from January to September 2024 reached £22.4 billion, a 10% rise compared to the same period in 2023. Sightseeing, entertainment, and gaming led sectoral growth at 25%, with accommodation following at 17%. The food and beverages and shopping sectors grew by 6% and 5%, respectively, while other categories, including airfares and business expenditures, contributed to overall receipts.
Read the original article here: https://www.cnbctv18.com/travel/destinations/indians-surpass-australia-malaysia-to-become-third-largest-tourist-market-for-singapore-19553714.htm
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