Bitcoin dips below $90,000, marking ‘significant’ psychological break: analysts
Back to News On Monday, Bitcoin went under $90,000 for the first time in seven months as a 24-hour sell-off was blamed on a fragile market, institutional repositioning, and profit-taking in a report by The Block. Over the past 24 hours, bitcoin’s price dropped by 5.55%, going from $94,865 to a new low of $89,650, […]
Coinbase’s ICO Platform Shakes Up Token Sale Market
Back to News Coinbase’s acquisition of Echo and the rapid launch of a public token sales platform have signaled a decisive pivot in the exchange’s business strategy, according to industry executives and founders familiar with the shift. The company is looking to benefit from what it perceives as a more lenient regulatory environment under the […]
Hacker in Obama, Bezos Twitter Scam to Repay $5M
Back to News On Monday, the British authorities said that social media hacker Joseph James O’Connor will be obliged to hand over bitcoins worth more than $5.3 million that were linked to a massive SIM swapping and account takeover scheme. O’Connor, who in 2023 pleaded guilty in the U.S., was part of a concerted effort […]
El Salvador Makes Record $100M Bitcoin Purchase
Back to News In the middle of a steep market drop, El Salvador revealed that it added 1,090 BTC to its national holdings, making it the biggest-ever single-day Bitcoin purchase of the country. The government’s Bitcoin Office reported that the country made the buy at around 6:01 p.m. ET with spending around $100 million, and […]
DOJ Seizes $15M USDT, Nabs Citizens in NK Cyber Scheme
Back to News The U.S. Department of Justice (DOJ) announced landmark enforcement actions against cybercriminals linked to North Korea, unveiling the forfeiture of $15.1 million in stolen Tether (USDT) as well as the plea agreements of individuals who facilitated IT workers in North Korea in infiltrating 136 American companies. These measures underscore not only the […]
Bitcoin Falls to Six-Month Low as Liquidity Tightens
Back to News Bitcoin declined over the weekend to a level not seen in six months due to the ripple effects caused by liquidity tightening across the entire crypto market. This happened even though some analysts continued to pay attention only to the most important funding figures, which still negatively affect trader sentiment. The top […]
Harvard Triples Bitcoin ETF Bet to $443 Million
Back to News According to recent disclosures, Harvard University markedly increased its exposure to Bitcoin through BlackRock’s IBIT spot ETF, almost tripling its stake in the fund in the third quarter. The university reported that as of Sept. 30, it held close to 7 million IBIT shares, constituting the largest disclosed U.S. investment position in […]
Hong Kong Begins Real-Value Tokenized Deposit Pilot
Back to News Hong Kong has initiated the pilot phase of Project Ensemble, which is a major milestone in the process of incorporating tokenized deposits and digital assets in the local financial system. The Hong Kong Monetary Authority stated that the project has progressed from a controlled sandbox to a live phase with real-value transactions; […]
Cash App Enables Bitcoin Lightning and Stablecoin Payments
Back to News Cash App, a popular payment platform by Block Inc., launched a whole bundle of product updates that now allow users to send and receive bitcoin as well as stablecoins. The company explained that the release is composed of 11 updates with over 150 improvements that aim to show the way users millions […]
Canary’s Spot XRP ETF Generates $58 Million in Day-One Volume
Back to News Canary Capital’s new spot XRP exchange-traded fund was a record-breaking debut on Thursday, as it racked up $58 million in trading volume on the first day. The fund, with the ticker XRPC, is one of the ETFs launched this year that has posted the largest day-one volume. Thus, XRPC is now ahead […]
Gemini Called a ‘Hidden Gem’ Despite 57% Share Drop: Mizuho
Back to News Gemini (GEMI), the crypto exchange founded by Cameron and Tyler Winklevoss, is still a “hidden gem” in the market even after its shares have dropped significantly following its September IPO, as per a recent Mizuho analysis. The analysts have reaffirmed an “outperform” rating and kept the $30 price target unchanged, reflecting their […]
Polymarket Relaunches U.S. Trading Platform in Beta: Bloomberg
Back to News According to a report by Bloomberg, decentralized prediction market platform Polymarket has quietly resumed operations of its U.S. division in beta mode. Founder Shayne Coplan mentioned during Cantor Fitzgerald’s crypto conference that the U.S. platform was now “live and operational,” thus allowing a handful of users to make bets on real contracts. […]
