In recent discussions among crypto industry experts, Tether has emerged as a potential frontrunner to become the world’s dollar-pegged defacto central bank digital currency. This speculation was sparked by the endorsement of Cantor Fitzgerald CEO, Howard Lutnick. Lutnick publicly voiced his admiration for Tether, stating, “I’m a big fan of this stablecoin called Tether…I hold
Crypto
Coinbase Global Inc. is taking bold steps to expand its services by introducing spot crypto trading on its international exchange. This move is part of a global expansion strategy to cater to users who may have reservations about U.S.-based platforms. The company aims to create a trusted non-U.S. spot exchange that offers a seamless and
Bitcoin, the leading cryptocurrency, is struggling to recover from the recent market decline. Despite briefly reaching $44,700, its highest price in over a year and a half, the digital asset has since retreated and is currently hovering around $41,000. Meanwhile, most altcoins have also experienced losses, with SOL dropping below $70 and AVAX plummeting to
Bitcoin, the world’s most well-known cryptocurrency, recently faced a critical vulnerability that has the potential to significantly impact the Ordinals Protocol. This vulnerability was identified by the National Vulnerability Database (NVD), overseen by the National Institute of Standards and Technology (NIST) in the United States. In this article, we will delve into the details of
Bitcoin’s next halving is drawing near, and investors are eagerly anticipating the potential for another significant bull market. Mitchell Askew, Head Analyst for Blockware Solutions, holds an optimistic outlook for the event. Contrary to conventional wisdom that both Bitcoin and the halving are subject to diminishing returns, Askew believes that the halving’s effect will continue
The Internal Revenue Service (IRS) has recently shifted its attention to tax evasion in crypto investigations, according to a report from the agency’s criminal investigations division. More than 50% of the probes conducted in the last fiscal year were related to tax matters, marking a significant change from previous years. While the majority of cryptocurrency
Investment management firm VanEck has recently released its predictions for the year 2024, outlining not only a surge in Bitcoin prices but also the anticipated growth of the NFT market. These projections signal a significant transformation in the cryptocurrency industry and present new opportunities for investors. Bitcoin’s All-Time High VanEck predicts that Bitcoin will reach
The idea of launching spot Bitcoin exchange-traded funds (ETFs) in the United States has reached an advanced stage, marking a significant development in the cryptocurrency market. The U.S. Securities and Exchange Commission (SEC) has taken a proactive approach by posing detailed and technical questions to potential spot Bitcoin ETF issuers. This move suggests that the
The cost of buying Bitcoin (BTC) has been skyrocketing, and it’s not just the price of the cryptocurrency itself that is reaching record highs. The cost of moving Bitcoin is also hitting new all-time highs. On-chain data reveals that the price for Bitcoin block space has surged to unprecedented levels in BTC terms, largely due
Bitcoin (BTC) has recently soared to $44,000, reaching a value not seen in 19 months. However, this surge is not an indication of stagnation but rather a sign of significant changes in the crypto market. On-chain analysis reveals a more bullish outlook compared to previous periods, highlighting a potential shift in market dynamics. This article
The behavior of whales in the cryptocurrency market has become a topic of great interest, as they play a significant role in shaping market trends and sentiments. Ki Young Ju, the co-founder and CEO of CryptoQuant, has shared valuable insights into the preparations of these whale investors for the anticipated market growth towards the end
The financial industry in Brazil is undergoing a major transformation as Itau Unibanco, the largest bank in the country, enters the cryptocurrency exchange market. With the launch of its trading service for investment platform clients, Itau Unibanco paves the way for the integration of digital currencies into mainstream financial services. This move positions the bank
In a move that highlights the increasing integration of Bitcoin miners into the AI sector, Northern Data, a German data center and Bitcoin mining operator, has invested $360 million in GPUs to strengthen its cloud computing services. The company’s AI-focused subsidiary, Taiga Cloud, announced this significant purchase in a recent press release. This investment aims
A recent study conducted by the Ontario Securities Commission (OSC) reveals that Canadians’ enthusiasm for crypto investments has significantly declined compared to the previous year. The study, titled “Crypto Assets Survey 2023,” was conducted in collaboration with Ipsos and included 2,360 Canadians. This article delves into the findings of the survey, highlighting the shifting perceptions
Bitcoin (BTC) has long been perceived as a cryptocurrency predominantly owned by a select few individuals. However, a recent report from Grayscale Investments challenges this notion, shedding light on the surprising diversity of Bitcoin ownership. This article aims to analyze the findings of the report and explore the implications of Bitcoin’s ownership distribution. The Accessibility
MicroStrategy, the business intelligence software giant, has once again made headlines with its aggressive Bitcoin buying spree. The company’s former CEO and founder, Michael Saylor, recently revealed that MicroStrategy purchased an additional 16,130 BTC for a staggering $593.3 million. This marks MicroStrategy’s second Bitcoin purchase in November alone, following its acquisition of 155 BTC for
Ethereum’s native cryptocurrency, Ether (ETH), has showcased remarkable resilience after the market crash in the latter part of 2022. Currently trading at approximately $2,000, ETH has seen a 70% price increase since the beginning of the year. Analysts believe that this positive trend is just the tip of the iceberg and could potentially lead ETH
A recent report from Bitfinex Alpha reveals that a majority of Bitcoin holders are currently experiencing positive returns on their investments. The report states that more than 83% of the BTC supply is currently held at a profit. This is the highest percentage of profitable holdings since November 2021 when Bitcoin reached its all-time high
The rise of cryptocurrency has opened up new avenues for illegal activities, and terrorist organizations have not been immune to taking advantage of this technology. The Hamas terrorist organization, backed by Iran, has recently shifted its cryptocurrency activities from Bitcoin to Tron. By utilizing Tron, they have found a faster and more cost-effective means to
Bitcoin’s price movements in the past week have been anything but stable. The asset experienced significant fluctuations, largely driven by recent developments involving the Binance-US authorities front. The Department of Justice’s announcement of a massive settlement deal with the world’s largest exchange sent shockwaves throughout the cryptocurrency industry. Binance had to pay $4.3 billion without
In November 2023, Binance, the world’s largest crypto exchange, faced a significant challenge as the United States Department of Justice settled charges against the company. This resulted in a hefty fee and the resignation of Binance’s former chief, Changpeng Zhao (CZ). However, amidst this adversity, Richard Teng, who previously served as Binance’s Head of Regional
Ethereum has been ending the week on a positive note, experiencing a price increase of 4.7%. This puts Ethereum on a collision course with a key resistance level at $2,100. It is worth noting that this resistance level has already been tested once this month. Should Ethereum successfully break through this resistance, it could potentially
In a shocking turn of events, Binance’s founder and former CEO, Changpeng “CZ” Zhao, recently pleaded guilty to violating the Bank Secrecy Act, leading to serious consequences for the leading cryptocurrency exchange. This article aims to critically analyze the impact of CZ’s plea deal, the charges against Binance, and the potential ramifications for the future
FTX and Alameda have been actively divesting their holdings in an effort to reach settlements with creditors amidst the twists and turns of the bankruptcy battle. Over the past 24 hours, both entities have transferred a significant amount of MATIC and AVAX to various exchanges, demonstrating their commitment to resolving their financial obligations. FTX Deposits
Bitcoin (BTC) is currently stuck in a consolidation phase, causing uncertainty and fears among investors about the potential for further price declines. The latest Bitfinex Alpha report highlights several factors that contribute to this consolidation phase, including diminishing momentum and positive funding rates on futures contracts. Diminishing Momentum and Positive Funding Rates The report reveals
When Bitcoin first emerged, it was more of an experimental concept than a financial revolution, according to Jameson Lopp, co-founder and CTO of Casa. In an interview at the BTC Amsterdam conference, Lopp shared his insights on the evolution of Bitcoin security and the challenges faced along the way. He noted that early adopters were
The week ending Sat, Nov 18 witnessed a decline in XRP token prices. Following a substantial increase from $0.49 to $0.72 in mid-October, XRP saw a drop to $0.61 by Sunday morning Tokyo time. This volatility in prices has left many investors uncertain about the future of XRP. Renowned attorney John Deaton recently shared his