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cointelegraph.com Revolut eyes French license and $1.1B expansion amid EU growth

Revolut, a European neobank with crypto support, plans to invest more than 1 billion euro ($1.1 billion) in France and apply for a local banking license.According to a May 19 Fortune report, Revolut representatives announced the initiative during the Choose France business summit hosted by President Emmanuel Macron in Paris. The London-based neobank also plans to set up its new European Union-serving headquarters in Paris, promising to invest 1 billion euro and hire at least 200 people within three years.Revolut spokespeople also said that the firm is in the process of submitting an application to the French banking regulator Prudential Supervision and Resolution Authority. According to an anonymous source cited by Fortune, the regulator has been pushing the neobank to get a license to improve supervision due to its popularity in France.Revolut currently employs about 300 people and serves five million customers in France. This makes the nation the neobank’s top European Union market.Related: Revolut doubles profits to $1.3B on user growth, crypto trading boomAiming for the starsRevolut hopes to onboard 10 million users by the end of next year and then double that number by 2030. The firm already offers loans, trading and cryptocurrency support in its mobile-first banking platform.The neobank has seen rapid growth ever since its founding in 2015. The company recently received a $45 billion valuation and reportedly served over 55 million customers as of late May.Revolut’s 2024 annual report release shows that the firm’s 2024 revenue was 3.1 billion British pounds ($4 billion). A recent Financial News article also puts the company’s headcount at 10,133 employees as of Dec. 31, 2024.Related: Revolut expands crypto exchange to 30 new markets in EuropeAn increasingly regulated institutionRevolut obtained its UK banking license in late July 2024, where 11 million of its customers are located. Now, the neobank is aggressively looking to obtain similar permits across other jurisdictions, with 10 applications underway.Revolut received the Prepaid Payment Instruments license from India’s central bank earlier this month. This license allows the bank to offer multi-currency forex cards and cross-border remittance services in India.EU-based Revolut customers now leverage its Lithuania operations. The firm received a banking license in Lithuania at the end of 2018, enabling it to serve customers across the European Economic Area better.Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

bitcoinist.com Bitcoin Kurs Prognose: Die Bärenfalle ist aktiv – Markt vor bullischem Befreiungsschlag?

Bitcoin befindet sich in einer kritischen Marktphase, die sich als klassische Bärenfalle entpuppen könnte. Nach einem deutlichen Kursrutsch unter eine zentrale Unterstützungszone hat der Kurs exakt dort wieder aufgesetzt und sich eindrucksvoll zurückgekämpft. Besonders auffällig: Der Rücksetzer hatte sämtliche darunterliegende Liquidität abgegriffen – ein klassisches Signal für eine gezielte Marktbereinigung. Der Experte Crypto Rover sieht […]

bitcoinist.com World Liberty Financial Takes Action Against Magic Eden Over TRUMP Wallet

World Liberty Financial (WLFI), the decentralized finance (DeFi) venture associated with the Trump family, has taken decisive action to prevent the launch of an unofficial TRUMP-braded wallet.  On Thursday, the crypto firm issued a cease-and-desist letter to Fight Fight Fight LLC and its partner, Magic Eden, demanding an immediate halt to development activities related to […]

bitcoinist.com Analyst Calls Out Bearish Crash For Bitcoin – Here’s The Target

The Bitcoin price is still trading above $100,000 and remains quite close to its all-time high levels of $111,900. However, this has done nothing to dissuade the bearish sentiment that continues to ravage the crypto market. Altcoins, in particular, have suffered the most, with seemingly no end in sight to the decline. Given the current […]

btcmanager.com Ripple, XRP could gain from $421 million XRP treasury bets and institutional boost

Ripple is making strides in the lawsuit brought by the U.S. Securities and Exchange Commission, the RLUSD stablecoin has noted adoption and the firm’s partnerships are driving utility for XRP through the XRPLedger in 2025. XRP’s latest boost comes from two institutional giants’ interest in buying XRP and holding it as a treasury asset.

news.bitcoin.com First Signs of Investors Shifting Away From US Markets Surge

Trump’s U.S. tariff policy, which has sparked a trade war with several countries, has many investors wondering about the sustainability of this situation and considering shifting part of their investments toward initiatives based in other markets, such as Europe. Analysts: Investors Worried About Trump’s Moves Increasingly Shift to More Stable Markets The economic and trade […]

bitcoinist.com Bitcoin Settling $7.3B/Day In ‘Real’ Volume—How Do Visa, Mastercard Compare?

A report has revealed that Bitcoin is processing $7.3 billion per day in ‘true’ Transfer Volume. Here’s how this compares with traditional processors. Bitcoin Volume Is Sitting At $7.3 Billion Per Day Right Now In a new report in collaboration with the CME Group, the on-chain analytics firm Glassnode has talked about how the Transfer […]

ambcrypto.com Bitcoin eyes major rally as ETF inflows spike – But THIS can ruin the party

The Fear and Greed Index shows that Bitcoin now reached an emotional support level, signaling potential market opportunities. Bitfinex’s relationship with Bitcoin could ignite a major market The post Bitcoin eyes major rally as ETF inflows spike – But THIS can ruin the party appeared first on AMBCrypto.

bitcoinist.com A New Era For Circle: CEO Jeremy Allaire Celebrates Historic IPO

Circle, the issuer of the USDC stablecoin, made a highly anticipated entrance onto the public market on Thursday, with its stock (CRCL) skyrocketing as much as 200% during trading.  The shares opened at approximately $69 and closed at $83.23, marking a remarkable 168% increase from the initial public offering (IPO) price of $31. The volatility […]

news.bitcoin.com Listed UK Miner to Convert Gold Income to Bitcoin, Stock Jumps

The listed gold mining company Bluebird Mining Ventures said on June 5 it has adopted a strategy of converting gold into digital gold. Under the initiative, income streams from gold mining projects will be recycled into a proactive “Bitcoin in Treasury” management approach. This strategy, which will be achieved while maintaining minimal corporate overhead, is […]

bitcoinist.com JPMorgan Chase to Accept Crypto as Collateral: Time to Switch to a Secure Wallet Like Best Wallet

You may be able to take out loans with your crypto soon, as JPMorgan Chase & Co. plans to let its clients use cryptocurrency-linked assets as collateral. It’s a dramatic shift in the organization’s attitude towards crypto. It also marks a growing need for a secure crypto wallet like Best Wallet to secure your digital […]

bitcoinist.com Bitcoin Risks Deep Pullback To $96,000, But Not All Analysts Are Bearish

Bitcoin (BTC) is beginning to flash warning signs that could disrupt its recent bullish momentum. According to some analysts, BTC risks breaking below the key $100,000 price level, potentially tumbling as low as $96,000. Bitcoin Showing Warning Signs In an X post published today, noted crypto analyst Titan of Crypto shared the following BTC daily […]

bitcoinist.com Crypto Groups Urge Congress To Support Blockchain Regulatory Certainty Act To Protect Developers

A group of eight crypto policy organizations has urged US Congress leaders to support a recently re-introduced bill to protect software developers by including it in market structure legislation. Related Reading: Trump Family To ‘Legally Challenge’ Magic Eden’s ‘Official’ Crypto Wallet – Report Crypto Policy Groups Seek Software Developers’ Protection On Thursday, eight crypto policy […]

news.bitcoin.com Ukraine Cyber Crime Bust: 5,000 Accounts Hacked for Crypto Mining

Ukrainian law enforcement recently arrested a 35-year-old man accused of hacking over 5,000 customer accounts of a hosting company to mine cryptocurrency, resulting in a loss of $4.5 million. Hacker Deploys Software to Remotely Manipulate Servers Ukrainian cyber police officers and investigators from the Zaporizhia region recently arrested a 35-year-old man accused of hacking over […]

themerkle.com Historic $1.19 Billion Crypto Options Block Trade Signals Diverging Short- and Long-Term Sentiment

In a historic action for the cryptocurrency derivatives market, a single crypto options block trade with an unreal $1.19 billion in notional value was executed today. The trade, which dealt with 11,350 BTC and generated $7.5 million in premiums, is the largest options block trade recorded in the sector. Watching the market, one cannot help but interpret the structure of this trade as an intelligent and strategic signal: short-term muted expectations, couple that with long-term bullish optimism. Trade Composition: A Tale of Two Timeframes The huge options block consisted of two different parts that provide a glimpse into market sentiment. The post Historic $1.19 Billion Crypto Options Block Trade Signals Diverging Short- and Long-Term Sentiment appeared first on The Merkle News.

themerkle.com BNB Chain Launches ‘BNB Hack’ — A Global, Always-On Hackathon for Real-World Impact

Riding the developer excitement from the recent BNBAI Hack, BNB Chain has proclaimed the initiation of BNB Hack—a global, long-term hackathon that aims to supercharge Web3 developers. This is no ordinary hackathon. Traditional hackathons, while sometimes effective, can also be limiting. They are camped in time (an event) and space (a venue) and then are often filled with a kind of frenzy that is the opposite of a pace where “innovation can flourish.” By contrast, BNB Hack is a stretch event, a horizon in which developers have endless opportunities to acquire and then execute great ideas. The BNB Hack is The post BNB Chain Launches ‘BNB Hack’ — A Global, Always-On Hackathon for Real-World Impact appeared first on The Merkle News.

ambcrypto.com $13B in crypto token unlocks incoming - Volatility set to surge across AI, memecoin sectors!

About $13 billion worth of token supply will hit the markets by the end of Q2 However, Pumpfun’s PUMP launch could massively impact market liquidity Crypto token unlocks in Q2 will hit rouThe post $13B in crypto token unlocks incoming - Volatility set to surge across AI, memecoin sectors! appeared first on AMBCrypto.

bitcoinist.com US Seizes Crypto and 145 Domains in Major Darknet Takedown

The US Department of Justice has taken action against the darknet marketplace known as BidenCash, announcing the seizure of cryptocurrency assets and 145 internet domains linked to its operations. The announcement came from the US Attorney’s Office for the Eastern District of Virginia, detailing the culmination of a coordinated investigation into a platform that had […]

bitcoinist.com Bitcoin Stuck Near $105,000, But Network Activity Lights Up

On-chain data shows network activity metrics related to Bitcoin have shot up while the coin’s price has been ranging around $105,000. Bitcoin Network Growth & Circulation Have Both Spiked Recently According to data from the on-chain analytics firm Santiment, Bitcoin has observed a notable uptick in activity during the past week. There are two indicators […]

news.bitcoin.com Moscow Exchange Opens Bitcoin Futures to Select Investors

Russia is entering the cryptocurrency derivatives market, as the Moscow Stock Exchange kicked off bitcoin futures trading on June 4, limited exclusively to “highly qualified” investors. This move comes as Russia cautiously experiments with crypto-related financial instruments, amid ongoing regulatory uncertainty. These new contracts are linked to Blackrock’s bitcoin exchange-traded fund (ETF), the Ishares Bitcoin […]

news.bitcoin.com DOJ Seizes $7.74M in Crypto Tied to North Korean Tech Ring

North Korea’s sprawling crypto laundering network has been hammered as U.S. authorities seized $7.74 million tied to fake IT jobs, blockchain trickery, and weapons funding. DOJ Targets North Korea’s Crypto Laundering Network With Asset Seizure The U.S. Department of Justice (DOJ) announced on June 5 that it has filed a civil forfeiture complaint seeking to […]

bitcoinist.com Manhunt Ends In Morocco: Alleged Crypto Kidnapping Boss Captured

A 24-year-old French-Moroccan man has been arrested in Morocco after being linked to a string of recent kidnappings in France aimed at stealing crypto. Based on reports, Badiss Mohamed Amide Bajjou was taken into custody by Morocco’s national police on June 4. Related Reading: Caffeine And Bitcoin: Spanish Coffee Brand Pours $1 Billion Into Crypto […]

news.bitcoin.com SEC Commissioner Pushes to Streamline Crypto Regulations

Crypto regulation is poised for a breakthrough as a top SEC official champions streamlined oversight, expanded custody options, and investor-friendly policies empowering digital asset adoption. SEC Commissioner Aims to Cut Regulatory Red Tape in Crypto Oversight U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce advocated for a more accommodating regulatory approach to digital assets […]

bitcoinist.com Will The Dogecoin Price Resume Its Rally Toward $1? Inverse Head And Shoulders Pattern Has Answers

The Dogecoin price is showing signs of a potential breakout as an Inverse Head and Shoulder pattern, a classic bullish reversal indicator, appears to be forming on the charts. Following weeks of sideways consolidation, this technical setup could signal the return of Dogecoin’s upward momentum and a possible steady upward surge toward the long-awaited $1 […]

news.bitcoin.com Standard Chartered Issues Warning on Bitcoin Treasury Companies

Strategy Chairman Michael Saylor has inspired dozens of copycats with his bitcoin treasury approach. But Standard Chartered warns of dire consequences to imitators if the cryptocurrency’s price collapses. Standard Chartered Flags Risks for Bitcoin Corporate Treasuries What could possibly go wrong when more than a hundred public companies start hoarding bitcoin (BTC) on their balance […]