Ghana is preparing to license cryptocurrency firms in a landmark move that could reshape West Africa’s crypto economy. The Bank of Ghana is finalizing a regulatory proposal expected to be submitted to parliament by September 2025, according to a report by Bloomberg. Crypto Adoption Booming in Ghana The decision follows a surge in crypto ownership across the country. As of mid-2024, 17.3% of Ghanaian adults—over 3 million people—hold cryptocurrencies, according to data from Zawya. This rising adoption has pushed regulators to act swiftly to bring digital assets under formal oversight. Stabilizing the Cedi and Capturing Revenue Bank of Ghana Governor…
Author: Blockto Team
In a major win for Australia’s fintech and crypto sectors, the Federal Court of Australia has ruled that Finder.com’s Earn product is not a financial product, defeating a long-standing legal challenge from the Australian Securities and Investments Commission (ASIC). Court Sides with Innovation in Three-Year Legal Dispute The decision, delivered by Justices Stewart, Cheeseman, and Meagher on Thursday, upheld a previous judgment that Finder Wallet and its Earn product complied with financial laws. The court confirmed that Finder Earn did not constitute a debenture or other regulated financial instrument. This ruling comes after ASIC’s appeal of a March 2025 decision…
Ripple’s co-founder Chris Larsen is facing backlash after blockchain data revealed he transferred 50 million XRP, worth $175 million, to centralized exchanges between July 17 and 23, just as XRP reached a local high. Larsen’s XRP Wallet Activity Sparks Dumping Accusations Blockchain investigator ZachXBT first flagged the movement on X (formerly Twitter), stating that approximately $140 million worth of XRP was sent to exchanges—a common precursor to selling. The timing couldn’t have been more controversial: Larsen’s transfer came just as XRP touched $3.60 on July 18, before tumbling to $3.09, prompting many in the community to accuse him of “dumping”…
A major confrontation is brewing between Wall Street and the crypto industry. Ten leading crypto and fintech associations are calling on President Donald Trump to stop JPMorgan’s controversial plan to charge fees for consumer banking data access—a move that could jeopardize open banking and threaten digital wallet adoption. JPMorgan’s Data Fees Could Cripple Crypto On-Ramps At the heart of the issue is JPMorgan’s decision to charge aggregators like Plaid for access to customer data—an essential connection that enables users to fund accounts on platforms such as Coinbase and Kraken. Reports suggest Plaid alone could face over $300 million in annual…
In a major push toward modernizing traditional finance, Brazilian securitization firm VERT has launched a blockchain-based private credit platform on the XRP Ledger (XRPL), debuting with a 700 million BRL (~$130 million) issuance of Agribusiness Receivables Certificates (CRAs). Tokenized Credit Instruments Go On-Chain The CRAs — financial instruments that bundle future receivables from Brazil’s vast agricultural sector — are now being recorded on-chain using the XRPL and its Ethereum-compatible EVM sidechain. This blockchain-powered solution enables real-time tracking of cash flows, loan events, and payments, bringing unprecedented transparency to Brazil’s $200 billion private credit market. “We are enabling operation events to…
Bitcoin (BTC) is setting the stage for a potentially massive short squeeze as exchange order books signal a buildup of liquidity above the spot price, while BTC dominance rebounds sharply to 62%. BTC Price Eyes $120K Rebound After Liquidity Flush On Thursday, BTC briefly dipped to $117,200, shaking out overleveraged long positions. However, this drop appears to have set the groundwork for a bullish reversal, with traders now pointing to a surge in overhead liquidity as a catalyst for short liquidation. “Bitcoin liquidity is piling up on the topside,” noted trader Mister Crypto, adding that a “massive short squeeze is…
Major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL), are under pressure following what analysts describe as a “long squeeze” — a mass unwinding of overly optimistic bullish positions in the crypto futures market. Futures Data Confirms the Squeeze According to Velo data, open interest — the total number of unsettled futures contracts — has fallen sharply across key tokens: Meanwhile, funding rates remain positive, meaning bullish positions are still paying shorts to keep trades open — a signal that traders were still betting on upside, even as liquidation pressures mounted. Positive funding with falling open interest typically…
Memecoin platform Pump.fun is facing a sweeping $5.5 billion class-action lawsuit, with allegations that it operates like an unlicensed digital casino built on the Solana blockchain. Lawsuit Claims a “Rigged Slot Machine” Structure Filed in the Southern District of New York, the amended complaint accuses Pump.fun of deceiving users through volatile memecoin launches designed to enrich early insiders. The platform’s system is described as a “front-facing slot machine cabinet” that encouraged users to speculate on worthless tokens with no real backing. “There is no underlying project, product, or revenue — only a fast-moving cycle of buying, dumping, and collapse,” the…
Dogecoin faced a sharp selloff in the latest trading session, falling 11% from $0.26 to $0.24 as institutional traders appeared to unwind positions. The decline follows growing signs of crypto market fragility, compounded by macroeconomic headwinds and risk-off sentiment. DOGE Price Action: Failed Breakout and Steep Sell Pressure Between July 23 and 24, DOGE traded within a wide 12.06% intraday range, from a session high of $0.26 to a low of $0.23 before closing near $0.24. Selloffs intensified between 13:00 and 17:00 GMT, as Dogecoin repeatedly failed to reclaim the $0.25 resistance level amid surging volumes exceeding 2.26 billion tokens.…
The first batch of U.S. spot Ether ETFs has officially turned one year old — and they’re celebrating with a powerful inflow streak that signals renewed investor confidence in Ethereum’s long-term value. Ether ETFs Attract Over $8.7B in Net Inflows in First Year Since launching on July 23, 2024, the nine spot Ether ETFs in the U.S. — backed by major issuers including BlackRock, Fidelity, VanEck, and Bitwise — have collectively amassed $16.57 billion in assets under management. Total net inflows over the past year reached $8.69 billion, with nearly $3.9 billion pouring in over just the last 14 trading…