Crypto News Updates

At 3:40 p.m. EDT on Friday, bitcoin (BTC) was priced at $91,046, reflecting a 2.4% dip from its all-time high (ATH). Here’s a breakdown of the remaining top ten cryptocurrencies and their current standing compared to their previous ATHs. Bitcoin Inches Toward the ATH Reached 2 Days Ago, While Altcoins Struggle Below Previous Peaks At […] from Bitcoin News https://ift.tt/McvQr1t

Crypto mogul Changpeng Zhao—notoriously known as “CZ”—may be out of prison, but he’s not out of hot water yet. The bankruptcy estate of former-leviathan FTX has filed suit against Binance and its ex-CEO, CZ, seeking to recoup nearly $1.8 billion in allegedly fraudulent transfers. The following opinion editorial was written by Alex Forehand and Michael […] from Bitcoin News https://ift.tt/RqxUcBV

This evening at 8 p.m. ET, AT&T Stadium in Arlington, Texas, will host an electrifying boxing showdown: Mike Tyson, the legendary heavyweight, squares off against Jake Paul, the social media star turned professional fighter. Earlier in the day, Polymarket bettors are already placing their bets on the bout’s outcome. Paul vs. Tyson: Bettors Predict a […] from Bitcoin News https://ift.tt/EoUWwT4

Xiao Feng, CEO and Chairman of Hashkey, one of the few licensed crypto exchanges in Hong Kong, believes that Trump’s support for the cryptocurrency sector could accelerate a pivot from anti-crypto policies in China. Hashkey CEO: China Might Pivot Its Anti-Crypto Policies Following Trump’s Moves The recent endorsement of the cryptocurrency sector and bitcoin as […] from Bitcoin News https://ift.tt/zThvgJS

World, the biometric proof-of-humanness-based project, has finally landed in Brazil and is expected to start operating in the country this week. According to local media, World will initially commence operations in ten different locations in São Paulo, allowing users to register in the network. Orbs, the devices used to scan the irises of willing users, […] from Bitcoin News https://ift.tt/DUuzIcR

Zambia’s central bank governor, Denny Kalyalya, is sounding the alarm about the strengthening U.S. dollar’s impact on Zambia’s economy. A stronger dollar, fueled by Donald Trump’s election victory, could lead to decreased capital flows, increased inflation, and reduced access to cheaper financing, the central bank argues. This is particularly concerning for Zambia, which is still […] from Bitcoin News https://ift.tt/aZIVSB9

Zero Gravity Labs (0G Labs) announced it has secured $290 million in financing to support the development of what it claims will be the world’s first decentralized artificial intelligence operating system. Decentralized AI Operating System Project 0G Gains $290 Million in New Funding Zero Gravity Labs (0G Labs), a primary developer within the 0G ecosystem, […] from Bitcoin News https://ift.tt/OySnfhB

Donald Trump’s potential move to establish a national bitcoin reserve sparks interest on Polymarket. Polymarket Users Place Bets on U.S. Bitcoin Reserve In an interesting turn, Polymarket, a decentralized prediction market platform, has seen some activity in a bet worth $262,098 that wagers on the possibility of President-elect Donald Trump establishing a national bitcoin reserve. […] from Bitcoin News https://ift.tt/u4Z6RmB

A new Binance report explores the rise of AI-powered crypto applications, highlighting the success of an AI-backed meme coin and the emergence of platforms for creating and managing AI agents. AI-Endorsed Meme Coin Brings Alignment Concept to the Fore According to a new report by Binance, the emergence of the artificial intelligence (AI) agent Terminal […] from Bitcoin News https://ift.tt/FfVmtIR

PRESS RELEASE. TOKYO BEAST FZCO (Headquarters: Dubai, United Arab Emirates, General Manager: Tomoe Mizutani, hereinafter TOKYO BEAST FZCO), publisher of the crypto-entertainment project TOKYO BEAST, is pleased to announce that it has entered into a new partnership with Tools for Humanity (Headquarters: San Francisco, CA, USA, Co-Founder and CEO: Alex Blania, Co-Founder and Chairman: Sam […] from Bitcoin News https://ift.tt/9kLQ4zh

Bitwise Asset Management announced it will launch the Aptos Staking ETP on the SIX Swiss Exchange, marking the first exchange-traded product (ETP) for Aptos staking. Aptos Staking ETP Set to List on SIX Swiss Exchange Bitwise’s Aptos Staking ETP, scheduled for listing on Nov. 19, 2024, is positioned to provide both institutional and retail investors […] from Bitcoin News https://ift.tt/OTuHQde

The SEC has escalated its crackdown on crypto market manipulation, filing charges against multiple market makers and individuals for allegedly using deceptive tactics—such as wash trading and volume inflation—to mislead investors about the demand for various crypto assets marketed as securities. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. […] from Bitcoin News https://ift.tt/lnb390g

A recent report from Coin Metrics highlights how post-election trading in bitcoin (BTC) has reached unprecedented levels, with the options market indicating strong investor optimism. Coin Metrics Study Shows Increased Call Option Interest Coin Metrics’ analysis provides a detailed look at bitcoin’s rally following the recent U.S. election, which saw unprecedented trading volumes and new […] from Bitcoin News https://ift.tt/WaqDVjb

Bitcoin (BTC) hit an all-time high of $87,475 today, cementing its position as a dominant force in the cryptocurrency market and moving closer to the significant $2 trillion market cap milestone. Bitcoin Climbs to New Records as Short Positions Tumble With a trading volume of $111.30 billion, bitcoin‘s (BTC) recent price surge reflects heightened market […] from Bitcoin News https://ift.tt/IVrJoA2

While bitcoin has been climbing swiftly, a variety of alternative crypto assets have outpaced it, prompting speculation that altcoin season might be near. Speculation Swirls Around ‘Altcoin Season’ This week, bitcoin repeatedly shattered its own record highs, even reaching new peaks multiple times today. While bitcoin has shown significant value gains in U.S. dollars, some […] from Bitcoin News https://ift.tt/5GVquLg

In a recent report, Coinshares, led by head researcher James Butterfill, revealed a significant surge in digital asset inflows, reaching $1.98 billion following the U.S. elections. Historic $1.98 Billion Floods into Digital Assets Post-Election According to the latest Coinshares report, the digital asset investment landscape has seen an inflow of $1.98 billion in the week […] from Bitcoin News https://ift.tt/iDvEbRK

Peter Brandt projects that bitcoin could surge to $125,000 by the New Year, citing bullish trends and the cryptocurrency’s strong historical price-action patterns. Peter Brandt Sees Path to $125K Bitcoin as Market Enters Uncharted Territory Veteran trader and renowned chartist Peter Brandt shared an optimistic outlook for bitcoin on Sunday after the cryptocurrency broke its […] from Bitcoin News https://ift.tt/B0qyCin

Bitcoin hit an all-time-high and mining stocks soared on the very same day Donald Trump won the U.S. presidency. Explore Trump’s bold crypto promises—could this mark a new golden era for Bitcoin and cryptocurrency? The following guest post comes from Bitcoinminingstock.io, providing comprehensive data, in-depth research, and analyses on Bitcoin mining stocks. Originally published on […] from Bitcoin News https://ift.tt/m1AlWT4

On Sunday, bitcoin hit a fresh all-time high, sparking a wave of price predictions across social media for what the currency might reach by the end of 2024. With bitcoin currently trading in the $80,000 range, many enthusiasts are setting their sights on a potential $100,000 by Dec. 31. Crypto Enthusiasts Set Bold Bitcoin Targets […] from Bitcoin News https://ift.tt/PaIo4hK

It has been over ten months, and through 2024, tether (USDT), the leading stablecoin by market value, has expanded its supply by 34.27%. Tether’s USDT Expands by 34% in 2024 Over the past year, USDT’s supply climbed by 34.27%, rising from $91.73 billion to $123.17 billion. Tether, launched nine years and eight months ago with […] from Bitcoin News https://ift.tt/vInaCr4

This Op-Ed explores if there is a way out of the centralization cycle for wrapped Bitcoin. TLDR: The Greeks wrote about Sisyphus, eternally pushing his boulder uphill, only for it to roll back down. In crypto, we keep pushing Bitcoin toward decentralization, only to watch wrapped versions roll back into centralized hands. Is this our […] from Bitcoin News https://ift.tt/4icJ5CK

A report indicates that post-U.S. elections, traders are favoring leveraged long positions in perpetuals and futures contracts. Trump’s Victory Brings Stability to Markets According to a new report by Bybit and Block Scholes, market trends in the period immediately after the U.S. elections suggest traders are leaning strongly toward leveraged long positions, especially in perpetuals […] from Bitcoin News https://ift.tt/ifzjTQ1

The world’s second-largest cryptocurrency by market cap, ethereum (ETH), has broken back over the $3,000 level this week for the first time since late July. Ethereum’s Meteoric Rise to $3,000 Ethereum’s momentum kicked in after bitcoin (BTC) surged to a fresh all-time high, reaching the $3,000 mark on Nov. 8. ETH hit an intraday high […] from Bitcoin News https://ift.tt/CfWzMXV

As the U.S. election loomed, speculation on whether a Trump victory would actually be bad for markets percolated. Now with Trump victorious and markets ripping, it’s clear it was a Trump bump. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the […] from Bitcoin News https://ift.tt/WJuCKYm

Block, Inc. has outlined a strategic pivot to expand its presence in bitcoin mining, signaling a commitment to the cryptocurrency sector and its infrastructure needs, according to its recent third-quarter shareholder letter. Block’s New Investment Focus on Bitcoin Mining Infrastructure In a letter to shareholders, Block identifies bitcoin mining as a key growth path, driven […] from Bitcoin News https://ift.tt/kwNlxVr

At precisely 2:30 p.m. ET on Friday, bitcoin reached a fresh all-time high on Bitstamp, hitting $77,112 per coin. This latest peak redefined bitcoin’s USD value once again. Trading in the mid-$76,500 range, bitcoin gained about 1% over the past 24 hours. Over the week, BTC has climbed 10.7%, showing a 14.8% rise over the […] from Bitcoin News https://ift.tt/tXmdKCF

Zimbabwe’s government has introduced a licensing requirement for Whatsapp group administrators to curb misinformation and enhance accountability on social media platforms. The licensing fee ranges from $50 to $2,500, depending on the type of Whatsapp group. Administrators must provide personal information to obtain a license from the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ). […] from Bitcoin News https://ift.tt/ph1qgux

At press time, with bitcoin floating comfortably above $76,000, the flagship cryptocurrency holds its ground as the ninth largest asset worldwide by market capitalization. Bitcoin Overtakes Meta, Sets Sights on Silver in the Global Asset Race On Fri., Nov. 8, 2024, bitcoin (BTC) officially takes its place as the ninth largest asset globally, overtaking Meta’s […] from Bitcoin News https://ift.tt/SGK8wcW

After Donald Trump secured his victory in the 2024 U.S. presidential race, Cynthia Lummis, the Republican senator from Wyoming, jumped on social media with a bold declaration: “We are going to build a strategic bitcoin reserve.” ‘Every Nation Needs a Bitcoin Reserve’ Wyoming’s Republican senator and vocal bitcoin advocate, Cynthia Lummis, couldn’t hide her excitement […] from Bitcoin News https://ift.tt/R93tPVC

The French gambling regulator is considering banning access to the predictions market Polymarket despite the platform not specifically targeting French users. Polymarket’s Political Predictions Ruffle Feathers The French gambling regulator, the National Gaming Authority (NGA), is reportedly contemplating banning access to the predictions market Polymarket. An anonymous source in the NGA said the regulator can […] from Bitcoin News https://ift.tt/iJTFMQP

The bank’s token, JPM Coin, which already processes $2 billion in transactions every day, will be used for the settlement processes. JPMorgan Leveraging Blockchain for Cross-Border Settlement JPMorgan, the largest bank in the U.S. has set out plans to provide quick settlement for currency exchanges between the dollar and the euro. Over time, the bank […] from Bitcoin News https://ift.tt/fItemxU

The U.S. Federal Reserve gathered on Thu. for its Federal Open Market Committee (FOMC) session, where officials opted to trim the federal funds rate by a quarter-point. This announcement comes on the heels of Donald Trump’s election as the 47th president of the United States. “The economic outlook is uncertain, and the Committee is attentive […] from Bitcoin News https://ift.tt/JxS6eZK

Hut 8 Corp., a North American bitcoin miner, has unveiled plans to enhance its application-specific integrated circuit (ASIC) fleet, aiming for a boost in self-mining efficiency and expanded hashrate capacity by early 2025. Hut 8 Moves to Boost Mining Efficiency With ASIC Fleet Upgrade As part of this effort, Hut 8 (Nasdaq: HUT) is acquiring […] from Bitcoin News https://ift.tt/OJzIsqu

On Wednesday, Ripple CEO Brad Garlinghouse offered a pointed roadmap for the early days of Donald Trump’s administration, outlining immediate steps that could reshape digital asset regulation. Garlinghouse to Trump: Clear the SEC and Drive Crypto Clarity in First 100 Days In a recent post on X, Ripple CEO Brad Garlinghouse congratulated Donald Trump on […] from Bitcoin News https://ift.tt/Y4CPfoq

Meme coins are the current rave in the crypto industry. However, question marks remain over their long-term viability. Meme Coins: Next Big Thing or Exit Liquidity for Cabals? Meme coin traders, hold your seats. According to a recent publication by Binance Research, 97% of meme coins are already dead with almost $0 of trading volume. […] from Bitcoin News https://ift.tt/ie64DWw

Bitcoin’s mining difficulty has climbed past an unprecedented 100 trillion, marking a new peak in the complexity of finding blocks on the network. Bitcoin’s Mining Difficulty Hits 100 Trillion The difficulty level increased by 3.94%, now sitting at 101.65 trillion. Essentially, this metric gauges the challenge of adding a new block to the Bitcoin blockchain. […] from Bitcoin News https://ift.tt/6XcZd8F

Peter Todd, a Bitcoin pioneer recently accused of being Satoshi Nakamoto in HBO’s documentary “Money Electric: The Bitcoin Mystery,” has praised President Javier Milei’s vision for Argentina. At the sidelines of Labitcoinf, a Latam-focused crypto event, Todd stated that as a politician, Milei is “one of the most sensible the Western world has had in […] from Bitcoin News https://ift.tt/SRuYkGK

Amir Taaki, a former Bitcoin developer, voiced strong support for Ross Ulbricht, founder of Silk Road, in a statement released on U.S. Election Day, emphasizing Ulbricht’s influence on the cryptocurrency landscape and urging his release from prison. Amir Taaki Credits Ross Ulbricht as a Crypto Pioneer, Advocates for His Release Amir Taaki, a prominent figure […] from Bitcoin News https://ift.tt/JkwhN62

Standard Chartered’s Zodia Custody is raising $50 million to expand its crypto custody services amidst increasing competition from both traditional finance and crypto-native firms. Institutional Investors Drive Demand for Crypto Custody Standard Chartered’s crypto custody business, Zodia Custody, is reportedly in talks to raise $50 million to fund its expansion into new markets. CEO Julian […] from Bitcoin News https://ift.tt/QBuKrl2

The Bitcoin Policy Institute (BPI) has released a report advocating for a strategic bitcoin reserve (SBR) to strengthen U.S. economic stability and global influence. Titled “Digital Gold: Evaluating a Strategic Bitcoin Reserve for the United States,” the report argues that holding BTC could support U.S. monetary stability, counter global financial threats, and advance technological leadership. […] from Bitcoin News https://ift.tt/uMPg1Hq

Gemini launched a new campaign, “Go Where Dollars Won’t,” on Nov. 4, aiming to showcase cryptocurrency’s potential beyond traditional currency constraints. Exploring New Frontiers: Meet Gemini’s ‘Go Where Dollars Won’t’ Campaign On Nov. 4, cryptocurrency exchange Gemini unveiled its latest campaign, “Go Where Dollars Won’t,” partnering with Irish artist Matt Griffin to capture cryptocurrency’s promise […] from Bitcoin News https://ift.tt/WAHROMQ

Reports indicate that the State of Michigan Retirement System recently invested over $10 million in ethereum exchange-traded funds (ETFs), specifically in Grayscale’s Ethereum Trust and its Ethereum Mini Trust. The Rise of Crypto in Retirement Portfolios In July, news surfaced that the State of Michigan Retirement System (SMRS) had also put funds into Ark Invest’s […] from Bitcoin News https://ift.tt/sZen1yr

Although bitcoin dipped below $70,000 earlier this week, South Korean markets still show a notable premium. On Oct. 24, the premium climbed as high as 2.21%, with today’s rate only slightly lower. South Korea’s Bitcoin Premium Bounces Back After October’s Brief Dip As of 4:45 p.m. EST, bitcoin is priced at $69,058, following a push […] from Bitcoin News https://ift.tt/sPog8MS

At around 3 p.m. ET on Sun., Nov. 3—just two days shy of U.S. Election Day—betting markets show a close contest heating up between former President Donald Trump and current Vice President Kamala Harris. Battle for Congress and White House: Betting Markets Reveal Surprising Odds According to the latest data from election data from kalshi.com, […] from Bitcoin News https://ift.tt/HfKOceb

Bitcoin climbed close to $73,600 this week, inching toward record highs ahead of U.S. election week, with a major boost from strong exchange-traded fund (ETF) inflows, according to QCP Capital’s latest weekend report. Brace Yourself—Bitcoin Volatility Expected to Surge With U.S. Election In its weekend market analysis, QCP Capital drew attention to mixed messages from […] from Bitcoin News https://ift.tt/cCsb4St

The politifi token sector has enjoyed a solid year so far, but as the 2024 U.S. election draws near, many of these meme coins are taking a nosedive. As Election Day Nears, Can Politifi Tokens Hold Their Ground? The political finance realm, known as politifi, has seen a steady cash flow as candidates jockeyed for […] from Bitcoin News https://ift.tt/K1YTDwd

UBS has launched its first tokenized fund, offering institutional-level cash management via Ethereum blockchain to meet the rising demand for digital assets. Behind the Curtain: UBS’ First Tokenized Fund Breaks New Ground in Asia UBS Asset Management announced on Friday the launch of its first tokenized investment fund, the “UBS USD Money Market Investment Fund […] from Bitcoin News https://ift.tt/Rf5p3a2

M2 Exchange recovered from a $13.7 million security breach within 16 minutes. A security firm said the incident highlights the growing vulnerability of crypto exchanges. Normal Service Restored The United Arab Emirates-based cryptocurrency exchange, M2 Exchange, said it swiftly resolved a security incident on Oct. 31 that involved $13.7 million. The exchange said customer funds […] from Bitcoin News https://ift.tt/2MaIXtE

According to the latest data, the stablecoin economy now holds a value of $172.892 billion, with October adding $555 million to the fiat-pegged token market. Stablecoin Market Continues to Climb Last month saw stablecoins grow modestly, with the market inching up 0.32% from $172.337 billion to $172.892 billion. Leading the pack, tether (USDT) now boasts […] from Bitcoin News https://ift.tt/ciOV9xk

The recent surge in prediction markets has coincided with the upcoming presidential election, as those seeking a supplement to traditional polling look to new methodologies. As election day draws closer, established prediction markets have seen their volumes skyrocket, while fresh players are jumping in to launch their own platforms. This sudden influx of companies offering […] from Bitcoin News https://ift.tt/ViyUjDl

With just four days left until the U.S. 2024 election, the latest prediction market data paints a shifting landscape: former President Donald Trump’s odds have taken a downturn, while Vice President Kamala Harris is enjoying an upswing in her chances. Trump’s Odds Slip, Harris Gains — What 2 Major Prediction Markets Are Telling Us As […] from Bitcoin News https://ift.tt/QZuX2H8