In an interview with the American television program 60 Minutes, Ripple CEO Brad Garlinghouse acknowledged that the crypto community has embraced the United States President-elect Donald Trump. He made this statement when asked about Trump’s previous hostility to the crypto market. Recall that in 2021, the now-crypto-friendly politician labeled Bitcoin a scam. Was Trump Always...Read More
Is this December a good time to buy Bitcoin? Some say there’s no gift like the present, especially during the year-end holiday season. Because that’s when equities and cryptocurrencies historically deliver most of their positive yearly returns. “A Santa Claus rally is the sustained increase in the stock market that occurs around the Christmas holiday...Read More
Euro Pacific Funds chief Peter Schiff asserted on Sunday that Bitcoin is a threat to US national security. He was referring to plans by the incoming Trump administration to hold some BTC in a strategic reserve fund. “Bitcoin has become a national security threat,” wrote Schiff in a post on X Sunday. “It’s one thing...Read More
India’s Goods and Services Tax (GST) authorities have reported a $99.1 million tax evasion case involving 17 cryptocurrency exchanges operating in the country. Nest Services Ltd., a company linked to Binance Group, stands out as one of the most significant offenders. The firm is accused of evading $86.8 million in GST. India Recovers $14.7M in...Read More
A record 35.5% of BNB Chain’s blocks were affected by Sandwich attacks in November. Over the past week alone, 645 Sandwich Bots were found to be active on the chain. In total, roughly 43,400 DEX traders were impacted during the entire ordeal. Sandwich Bots Exploit BNB Chain According to data compiled by Dune Analytics, the...Read More
Tyler Winklevoss, co-founder of the Gemini crypto exchange, has declared that his company will adopt the same policy as Coinbase, cutting ties with any law firms or entities that hire former U.S. Security and Exchange Commission (SEC) officials associated with alleged overreach against the digital asset industry. His decision comes in the wake of Coinbase...Read More
Charles Hoskinson, the founder of IOG – the organization between the Cardano ecosystem, has informed that the Cardano Foundation’s X account has been compromised by bad actors. They posted a tween about an SEC lawsuit, claiming that the Foundation will cease its support for ADA. The false statement begins by explaining that the US Securities...Read More
The 11 spot Bitcoin ETFs in the States continue to enjoy substantial investor demand following the presidential elections, with another week of multi-billion dollar net inflows. This time, the same can and will be said about the spot Ethereum ETFs, which finally emerge as attractive investment tools. BTC ETF Inflows Rockets The previous business week...Read More
A Web3 enthusiast might say those very words about a blockchain smart contract. Jon Collins-Black, a lifelong fan of fantasy novels and games, has used a portion of his early Bitcoin investments, worth some $2 million at the average BTC price today, to fill five treasure chests hidden throughout the United States. Millionaire Bitcoin investor hides crypto prizes...Read More
Being the biggest cryptocurrency by market cap with a substantial different, BTC led the pack after Donald Trump won the US elections by skyrocketing from $68,000 to over $90,000 within weeks. This was somewhat expected, given Trump’s pro-bitcoin stance during his campaign as he appeared at the annual BTC conference in the States and even...Read More
Dogwifhat (WIF), the popular Solana-based meme coin appears set to explode as its price action gains significant attention from crypto giants. On December 7, 2024, the overall cryptocurrency market is showing bullish momentum, with Bitcoin (BTC) and other major altcoins like XRP, BNB, and DOGE experiencing impressive upside movements. Dogwifhat (WIF) Technical Analysis and Upcoming...Read More
After Bitcoin (BTC) recently went past the $100,000 milestone, El Salvador President Nayib Bukele took to social media to bask in the glory of a gamble his country made in 2021. Then, the small Central American nation gave the cryptocurrency legal tender status and established a treasury that now holds almost six thousand BTC. When...Read More
The Pudgy Penguins NFT project is set to unveil its own cryptocurrency, Pengu, later this year, as revealed in a Thursday post on X. The Pengu token will be launched on the Solana blockchain, with a total supply of 88,888,888,888 tokens. Despite this, the Pudgy Penguins NFTs themselves are based on the Ethereum network. Pengu...Read More
Bitcoin’s price experienced one of its most significant surges in the past several years since November 6, gaining over $30,000 and exploding beyond $100,000 for the first time ever. As such, some market participants decided to cash in on profits. After reports that long-term holders had disposed of portions of their bags, it’s now the...Read More
Bitcoin (BTC) has witnessed remarkable growth this year as seen in its realized capitalization growing from $430 billion in January to a new high of $730 billion. The cryptocurrency recently had a historic moment when it crossed the $100,000 mark, becoming worth six figures for the first time. Analysts at the blockchain intelligence platform CryptoQuant...Read More
On December 6, a cryptocurrency user known as “LeftsideEmiri” on X shared that they had lost $300,000 after interacting with a fraudulent work meeting link. In a thread, the individual described the incident as a social engineering attack, emphasizing that they had not approved or signed any transactions. $300K Lost In Attack “Thought it would...Read More
The U.S. Securities and Exchange Commission (SEC) has pushed back against efforts to dismiss its lawsuit against cryptocurrency exchange Binance, its U.S. branch Binance.US, and former CEO Changpeng Zhao. The regulator accuses them of running an unregistered securities exchange through the trading of BNB, Binance’s native token, and ten other cryptocurrencies. Details From the Filing...Read More
The healthcare technology provider Semler Scientific has increased its bitcoin holdings once again with a $30 million purchase, bringing its total stash to 1,873 BTC. According to an official release, Semler Scientific bought 303 BTC between November 25 and December 4 at an average price of $96,779 per bitcoin, including fees and expenses. The company...Read More
ADA, the native token of the Cardano blockchain, is poised to continue its upward momentum as it has formed a bullish price action pattern. After experiencing significant gains, ADA appears to be consolidating within a tight range near the strong resistance level of $1.25 and is struggling to break through this level. Cardano (ADA) Technical...Read More
The Financial Times (FT) has issued a controversial “apology” after Bitcoin breached the $100,000 mark on December 5, 2024. The apology, published on FT Alphaville, the publication’s daily news commentary service, was perceived by many as a backhanded admission of its failure to foresee Bitcoin’s rise. FT’s ‘Apology’ The article, written by Bryce Elder, City...Read More
Spot Bitcoin and Ethereum ETFs have played a crucial role in driving widespread adoption by providing a simple way for investors to gain exposure to the two largest cryptocurrencies without the complexities of managing a crypto wallet. However, new reports suggest that Solana may not follow this path to accessibility due to regulatory obstacles. Solana...Read More
So why were Kaia prices on crypto exchanges so buoyant recently? It could be a combination of competitive advantages in this crypto economy promising more fundamental value per unit of its currency and an overall bull run in utilities for the Web3 ID layer to provide blockchain identity services. Klaytn, the Web3 GameFi and metaverse...Read More
Bitcoin prices dumped to $92,980 during late trading on Dec. 5. The move follows an all-time high earlier the same day when the asset came just short of $104,000 on Coinbase. The 10% flash crash wiped around $10,000 off the price of BTC as another leverage-induced liquidation event occurred. BREAKING: #Bitcoin briefly falls -$8,000 in...Read More
Amidst a broader market resurgence, the Tron blockchain has been seeing impressive strength. In fact, the total value locked (TVL) on the blockchain surged to $36.2 billion on December 4. This figure marked a new all-time high for the network, demonstrating growing appeal among decentralized finance (DeFi) users. The achievement reflects the increasing adoption of Tron’s...Read More
MARA Holdings, Wall Street’s largest publicly traded Bitcoin miner, has successfully closed a second $850 million offering of convertible senior notes. The company made the announcement on December 5 via an X post, outlining that the primary use of the proceeds will be to acquire additional Bitcoin and repurchase some of its outstanding convertible notes...Read More
Federal Reserve Chairman Jerome Powell has dismissed the idea that Bitcoin could replace the U.S. dollar, likening the cryptocurrency to gold as a speculative asset rather than a store of value. Powell shared these views during his appearance at The New York Times DealBook Summit in Manhattan. Powell’s Argument When asked whether Bitcoin’s popularity reflects...Read More
Circle Internet Financial Ltd., the company behind the second-largest stablecoin in the cryptocurrency market USDC, announced layoffs following a routine operational assessment. According to the Bloomberg report, the job cuts impact under 6% of the workforce. Despite these reductions, the firm said that it remains committed to expanding geographically and improving efficiency and productivity through...Read More
The world’s largest crypto exchange has announced the launch of an on-chain yield feature on its Binance Earn platform. According to an official release sent to CryptoPotato, Binance On-chain Yields will enable users to participate in on-chain protocols and earn rewards using their accounts on the crypto exchange. Binance Announces On-chain Yields With Babylon The...Read More
Bitcoin’s (BTC) 7% surge above $100,000 in the past 24 hours has ignited a massive reaction in the crypto community. Market experts and analysts are discussing factors that led to the historic move and speculating about how high bitcoin can go, given the current state of the market. CryptoPotato received remarks from analysts at the...Read More
BlackRock’s iShares Bitcoin Trust (IBIT), launched on January 11, has become the fastest exchange-traded fund (ETF) to reach $50 billion in assets under management (AUM). Data from SosoValue shows that IBIT currently has $50.60 billion in AUM. The AUM refers to the total value of Bitcoin managed by the fund. In the context of a...Read More
