XRP is trading at $2.39, reflecting a 5.6% increase over the past 24 hours. Its market capitalization stands at $137 billion after surpassing tether (USDT) to reclaim its position as the third-largest cryptocurrency. With a 24-hour trading volume of...

Source: (Bitcoin News ) 1 year ago 45

PRESS RELEASE. The world of cryptocurrency and blockchain often captures attention with its volatility and innovation. However, while Ethereum—the second-largest cryptocurrency by market cap—has been idling in terms of price movement, a revolutionary contender is rising in the space....

Source: (Bitcoin News ) 1 year ago 66

It’s been a tough week for ether as the second-largest crypto asset by market cap is down 8.7% against the greenback. Today, priced at $3,273 per ETH with a market capitalization of $394 billion and a 24-hour trading volume...

Source: (Bitcoin News ) 1 year ago 62

The crypto industry is full of obstacles, including limited liquidity, poor security measures, and fraud as a result. But some platforms for working with crypto, such as the Cryptomus exchange, offer a solution to these problems. Cryptocurrencies are a...

Source: (Bitcoin News ) 1 year ago 62

Bitcoin’s price was $94,372 on Jan. 11, 2025, with a market cap of $1.86 trillion. Daily trading volume reached $52.92 billion, with intraday fluctuations between $92,275 and $95,798. Bitcoin The daily chart illustrates a prevailing bearish tone after a...

Source: (Bitcoin News ) 1 year ago 58

Non-fungible token (NFT) sales climbed 10.7% over the past week, amassing $155.6 million in sales within a seven-day window. Penguins, Abstract Beings, and Base’s Meteoric Rise According to data from cryptoslam.io, while overall NFT sales increased, the number of...

Source: (Bitcoin News ) 1 year ago 59

A founder of the Web3 product studio argues that venture capital (VC) participation in token launch events has filled the gap left by the decline of initial coin offerings as a fundraising method. Crypto Ecosystem Reached Current State with...

Source: (Bitcoin News ) 1 year ago 64

World, formerly recognized as Worldcoin, disclosed the project achieved progress in 2024, marking a transformative chapter for the initiative. The network grew to encompass over 20 million participants, including 10 million verified human users expanding its global footprint. World...

Source: (Bitcoin News ) 1 year ago 60

Ripple and Moonpay have made a joint donation of $50,000 worth of RLUSD, Ripple’s new stablecoin tied to the U.S. dollar, to the Los Angeles Fire Department Foundation (LAFDFoundation). This contribution aims to support first responders battling the devastating...

Source: (Bitcoin News ) 1 year ago 60

Russian nationals face charges for allegedly using cryptocurrency mixers to launder proceeds from ransomware, wire fraud, and theft, obscuring illicit funds’ origins, the DOJ says. Russian Nationals Face DOJ Charges for Laundering Cryptocurrency Theft Proceeds The U.S. Department of...

Source: (Bitcoin News ) 1 year ago 70

El Salvador’s tourism soared in 2024, with bitcoin adoption and safety reforms transforming the nation into a global powerhouse, driving unprecedented economic and tourism growth. Bitcoin-Led Tourism Boom Positions El Salvador as a Global Model Santander US Capital Markets...

Source: (Bitcoin News ) 1 year ago 60

Over the past week, the cryptocurrency market has faced a decline, shedding $190 billion since Jan. 4. However, by Friday, as the weekend nears, the market exhibited a modest recovery, posting a 2.2% gain over the preceding 24 hours....

Source: (Bitcoin News ) 1 year ago 67

Bitcoin’s network has seen a noticeable shift in its computational capacity, shedding around 44 exahash per second (EH/s) in the past four days. Tough Terrain for Bitcoin Miners The network’s hashrate, which reached a peak of 824 EH/s, has...

Source: (Bitcoin News ) 1 year ago 66

Just seven days after Satoshi launched the Bitcoin network on January 3, 2009, Hal Finney, the first person to ever receive a bitcoin payment, announced to the world that he too had fired up a Bitcoin node. “Running bitcoin,”...

Source: (Bitcoin News ) 1 year ago 60

The Russian government has started selling part of the 1,032 bitcoins seized from former investigator Marat Tambiev, convicted of taking bribes. Russian Authorities Seize Real Estate Belonging to Bribery-Convicted Official The Russian government has reportedly begun selling a portion...

Source: (Bitcoin News ) 1 year ago 59

Two days ago on Jan. 8, spot bitcoin exchange-traded funds (ETFs) and their ether equivalents faced significant outflows, yet the group has amassed a staggering $118.56 billion in bitcoin (BTC) and ether (ETH) holdings since their debut on U.S....

Source: (Bitcoin News ) 1 year ago 73

USDE is the flagship stablecoin product of Arthur Hayes-backed Ethena Labs. It’s a synthetic dollar that uses a “delta-neutral” strategy to maintain its peg with the U.S. dollar. USDE is Quietly Leading the Niche Stablecoin Market The $212 billion...

Source: (Bitcoin News ) 1 year ago 66

The latest $5 million purchase of bitcoin has boosted Genius Group’s “bitcoin first” strategy with the company on track to reach its $120 million goal. Genius Group Makes Progress With Goal to Hold $120 Million Worth of Bitcoin Genius...

Source: (Bitcoin News ) 1 year ago 63

Administrators of Bonbast.com, Iran’s leading website for tracking the rial’s open-market exchange rate, took it offline due to severe distributed denial-of-service (DDoS) attacks and security concerns after criticism from Central Bank Governor Mohammad Reza Farzin. The shutdown removes a...

Source: (Bitcoin News ) 1 year ago 67

According to Bitmart Research’s 2025 crypto outlook, bitcoin ETFs are expected to attract a large amount of capital inflows. Crypto Inflows Set for Record Year Bitmart Research has predicted that net inflows for bitcoin spot exchange-traded funds (ETFs) could...

Source: (Bitcoin News ) 1 year ago 64

Bitcoin’s price fluctuates between $93,607 and $94,026 over the past hour, reflecting a market capitalization of $1.86 trillion. With a 24-hour trading volume of $63.28 billion and an intraday range spanning $91,215 to $95,098, bitcoin finds itself at a...

Source: (Bitcoin News ) 1 year ago 67

PRESS RELEASE. The VerifiedX (VFX) Network, VerifiedX.io, has launched its mainnet non-custodial wallet VFX SwitchBlade, which enables full native Bitcoin functionality. The VFX SwitchBlade also supports a ‘first-mover’ fully decentralized and self custodial Bitcoin Tokenization (Verified Bitcoin) with on-chain...

Source: (Bitcoin News ) 1 year ago 71

Curve Finance, a decentralized exchange (dex) focused on stablecoin trading, ended 2024 with $2.4 billion in total value locked (TVL) and a doubled user base, growing from 30,000 in 2023 to 60,000. Bridging Institutional Capital Into the Defi Ecosystem...

Source: (Bitcoin News ) 1 year ago 70

Bitcoin’s price has jumped 4% since yesterday – and investors are wondering if this is the start of a new bull run. The coin’s rebound comes on the heels of research showing that 2024 was a banner year for...

Source: (Bitcoin News ) 1 year ago 74

QCP Capital has executed the first derivatives trade using Blackrock’s BUIDL tokenized fund as collateral, marking a milestone in the integration of blockchain technology into institutional finance. QCP Capital Breaks Ground With BUIDL-Backed Derivatives QCP Capital, a subsidiary of...

Source: (Bitcoin News ) 1 year ago 75

The Fed’s increasingly hawkish stance could limit bitcoin’s rally, leading to another period of price consolidation. Sideways Price Action Could See Bitcoin Consolidate at Current Price Levels The first week of 2025 was a bearish one for bitcoin. The...

Source: (Bitcoin News ) 1 year ago 70

PRESS RELEASE. The blockchain space is buzzing, and for good reason. Solana, renowned for its lightning-fast transaction speeds and low fees, has dominated the altcoin scene as a go-to blockchain for developers and investors alike. But could a newcomer...

Source: (Bitcoin News ) 1 year ago 65

Cryptocurrency exchanges have argued that pension funds should be allowed to invest in crypto assets, enabling South Africans to benefit from the substantial growth in cryptocurrency value. South African Treasury Urged to Formulate Progress-Promoting Policies South African crypto exchanges...

Source: (Bitcoin News ) 1 year ago 73

Circle, the institution behind the issuance of USDC, the second-largest stablecoin in the cryptocurrency market, has donated $1 million to the inaugural fund of President Trump. Circle joins other tech giants like Microsoft and Google, which have also recently...

Source: (Bitcoin News ) 1 year ago 65

As advances in blockchain and AI continue to break boundaries and converge, striking a balance between these two technologies becomes essential. While AI consumes and processes a vast amount of data, blockchain ensures it is protected with its immutability,...

Source: (Bitcoin News ) 1 year ago 69

Nick Neuman, CEO and co-founder of Casa, a Bitcoin self-custody services company, recently reported a case in which Casa helped a customer avoid losing funds due to a fire. On social media, Neuman stated that the Casa emergency line...

Source: (Bitcoin News ) 1 year ago 65

PRESS RELEASE. SINGAPORE, January 10, 2025 – LBank, a leading global cryptocurrency exchange, has announced a transformative brand evolution, signaling its unwavering commitment to fostering a vibrant and innovative MEME ecosystem. This upgrade extends to both the LBank website...

Source: (Bitcoin News ) 1 year ago 69

Nayib Bukele, the President of El Salvador, who has continued to push forward with bitcoin policies in his country, announced that he aims to profit from the potential DOJ sales of bitcoin seized as part of the Silk Road...

Source: (Bitcoin News ) 1 year ago 67

Bitfinex, a cryptocurrency exchange, has recently moved its derivatives services division to El Salvador, transitioning customers to a new jurisdiction after receiving a Digital Asset Service Provider (DASP) license. Bitfinex Derivatives El Salvador S.A. de C.V., a Salvadoran local...

Source: (Bitcoin News ) 1 year ago 73

Gain insights into investor sentiment on Bitcoin mining stocks through institutional ownership trends. Institutions favored hybrid miners with major HPC/AI deals: $CORZ, $WULF, $IREN, and $HUT recorded the largest increases in institutional ownership. Institutional Investment Shifts in Bitcoin Mining:...

Source: (Bitcoin News ) 1 year ago 64

Standard Chartered’s launch of crypto custody services in Luxembourg strengthens its EU presence, leveraging regulatory stability to meet rising demand for secure digital asset solutions. Crypto Custody Takes Center Stage as Standard Chartered Expands to Luxembourg Standard Chartered, a...

Source: (Bitcoin News ) 1 year ago 70

Job seekers are being targeted by a sinister scheme, with fake listings installing hidden cryptocurrency mining malware that silently hijacks systems and drains resources. Crypto Malware Disguised as Job Listings Is Preying on Job Seekers Cybersecurity firm Crowdstrike has...

Source: (Bitcoin News ) 1 year ago 66

Ripple USD (RLUSD) has debuted on Bitstamp, offering global liquidity in key pairs and emphasizing stability, compliance, and utility for payments, tokenization, and decentralized finance. RLUSD Rolls Out on Bitstamp With Global Liquidity in Key Trading Pairs Ripple USD...

Source: (Bitcoin News ) 1 year ago 58

A U.S. senator vowed to undo SEC Chair Gary Gensler’s crypto policies, backing a nominee expected to champion innovation and create a friendlier regulatory environment. US Lawmaker Pledges Swift Action to Undo Gensler’s Crypto Disruption U.S. Senator Tim Scott...

Source: (Bitcoin News ) 1 year ago 72

Aptos, a layer one (L1) blockchain project, has integrated Chainlink data feeds to enhance decentralized application (dapp) development on its platform. Aptos Partners With Chainlink This collaboration provides developers on the Aptos network with access to Chainlink‘s tamper-proof and...

Source: (Bitcoin News ) 1 year ago 64

On Thursday, bitcoin, the leading cryptocurrency, descended to an intraday low of $91,215, reflecting a decline exceeding 3% against the U.S. dollar. The collective valuation of the crypto economy contracted by 2.5% in the past 24 hours, settling at...

Source: (Bitcoin News ) 1 year ago 65

It’s not clear if all derivative assets that require bitcoin as collateral are fully backed as many assume. Is the Bitcoin Derivative Asset Market Built on a House of Cards? Some bitcoin (BTC) derivatives that claim to be fully...

Source: (Bitcoin News ) 1 year ago 77

FV Bank, a U.S.-licensed digital bank, has announced the integration of Paypal USD (PYUSD), a stablecoin, into its banking platform. This addition expands the bank’s stablecoin offerings, enabling direct deposits and outbound payments for account holders. FV Bank Enables...

Source: (Bitcoin News ) 1 year ago 68

PRESS RELEASE. The battle for supremacy in the cryptocurrency market is often marked by innovation, bold ideas, and game-changing technology. But if you’re keeping an eye on Ethereum’s sluggish performance, you might be distracted from one of the most...

Source: (Bitcoin News ) 1 year ago 69

A look at Bitdeer’s operational update revealed a drop in its mining output in Dec. 2024, although its bitcoin holding remains healthy. Bitdeer Repays $10 Million Principal Balance on Senior Notes Despite Drop in BTC Production Bitdeer’s latest mining...

Source: (Bitcoin News ) 1 year ago 57

Law enforcement in Thailand’s Chon Buri province recently seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity. Modified Meters Used to Aid Electricity Theft On Jan. 8, law enforcement agents in Thailand’s Chon Buri...

Source: (Bitcoin News ) 1 year ago 62

Despite the decline in BTC mining output, Bit Digital increased its BTC and ETH holdings through diversification in both assets. Strategic Diversification Key to Bit Digital Crypto Holdings Bit Digital, a bitcoin mining firm produced 32.4 BTC in Dec....

Source: (Bitcoin News ) 1 year ago 80

PRESS RELEASE. January 9th, 2025 –– Rena Labs, the startup aiming to enable the next generation of autonomous and verifiable AI solutions, has announced the successful closure of a $3.3 million pre-seed funding round led by Paper Ventures. The...

Source: (Bitcoin News ) 1 year ago 60

Recent data reveals that spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) experienced collective net outflows amounting to $742.24 million. Blackrock, Valkyrie, and Grayscale Among Crypto ETFs Hit by $742M Reduction On Wednesday, U.S.-based bitcoin and ethereum ETFs...

Source: (Bitcoin News ) 1 year ago 61

Earlier this week, a Reddit post sparked a thoughtful discussion about artificial intelligence (AI) potentially adopting bitcoin in the era of artificial general intelligence (AGI). The conversation revolved around the idea that, as AI matches or surpasses human-level intelligence...

Source: (Bitcoin News ) 1 year ago 67