Bitmap Theory’s Meteoric Rise: Pioneering a Bitcoin Metaverse With a $235 Million Valuation
The Bitmap Theory initiative, launched just last summer, is swiftly gathering momentum. Its objective is to integrate a digital realm, often referred to as the metaverse, within the Bitcoin blockchain. Through the innovative use of Ordinal…
Bitcoin Technical Analysis: BTC Price Reflects Market Equilibrium and Consolidation
While precious metals such as gold and silver ascend and the stock market concludes its eighth consecutive week of gains, bitcoin steadies at $43,638 amidst a market teeming with intricate technical indicators. Bitcoin Bitcoin’s current…
Angolan National Assembly Approves Crypto Law to Safeguard ‘Monetary Sovereignty’
The Angolan National Assembly recently approved legislation that seeks to address crypto mining’s impact on the environment as well as safeguarding the country’s “monetary sovereignty.” The objective of this legislation is…
Secured Finance Launches The First Crypto Bond Market
PRESS RELEASE. December 22nd 2023 – Secured Finance, a pioneering decentralized finance (DeFi) platform, is reshaping the cryptocurrency landscape with its innovative approach to lending and borrowing. Using novel architecture, Secured…
Report: Nigerian Currency Plunges to New Low Versus the US Dollar
The official exchange rate of the Nigerian currency versus the U.S. dollar recently plunged to a record low of 1,248 naira for every greenback. The governor of the Central Bank of Nigeria has told the country’s legislators that he sees the…
The fiat-crypto payment gateway Alchemy Pay recently revealed that it has partnered with Worldpay in a move that gives its users to access Worldpay’s Visa and Mastercard payment rails via its on and off-ramp service. Alchemy said its users will now…
On Nov. 15, 2023, the New York Department of Financial Services (NYDFS) issued new standards for virtual currency (coin) listings and delistings. These new regulations apply to Bitlicensees and limited-purpose trust companies and include business…
‘If You Want to Understand Bitcoin’s Value, Look at Politicians’ Hate Toward It,’ Says Sean Ono Lennon
Sean Ono Lennon, the acclaimed American-British musician and son of Beatles icon John Lennon, revisited the subject of bitcoin on social media platform X, formerly known as Twitter. He poignantly observed, “If you want to understand how…
Ministry of Information and Technology of China to Formulate New Web3 Strategy
The Ministry of Information and Technology of China has agreed to formulate a new strategy for the Web3 field to improve the state of the industry in China. The initiative comes as an answer to a proposal made at the 14th Chinese People’s…
Bank of China Completes First Precious Metal Digital Yuan Settlement
The Shanghai branch of the Bank of China has completed the first settlement of precious metals using the digital yuan. The transaction, finalized on December 19, allowed the Shanghai Gold Exchange to close a $14 million precious metal trade after…
Coinbase CEO Highlights Crypto’s Impact on Economic Freedom — Calls Crypto ‘the Future of Money’
Coinbase CEO Brian Armstrong has highlighted that crypto isn’t just here to say but it’s the future of money. Emphasizing that cryptocurrency “gives people economic freedom, ensuring access to their own money and fair…
Galaxy Digital Seeking to Score Deals From Defunct Cryptocurrency Companies
Galaxy Digital, a digital assets and blockchain financial services company, is seeking to score deals with defunct cryptocurrency companies to acquire their assets. According to reports, the company is eyeing FTX’s venture capital portfolio…
In the wake of Bitcoin’s inscription phenomenon, Ethereum Virtual Machine (EVM)-compatible chains are experiencing a surge in similar practices, leading to unexpected service outages and a little confusion over their use. EVM Chains Face…
Seasoned Trader Peter Brandt Challenges Bitcoin Halving Hype Calling It a ‘Whole Lot of Excitement Over Nothing’
Recently, the seasoned financial analyst and trader Peter Brandt has been increasingly expressive about crypto assets, with a particular focus on bitcoin and ethereum. On Dec. 21, 2023, Brandt reaffirmed his stance regarding the anticipated Bitcoin…
Economist Harry Dent’s Grim Prediction — 2024 Market Crash to Eclipse Great Depression
In a recent interview with Fox News, renowned economist Harry Dent issued a dire prediction for the global economy, forecasting 2024 to be the year of the most significant financial crash in living memory. Citing a combination of overvalued…
Phantom Expands Web3 Wallet to Embrace Bitcoin, Ordinals, and BRC20 Tokens Amid Soaring Demand
Phantom, the Web3 cryptocurrency wallet initially developed for Solana, has expanded to include Ethereum and Polygon, and is now introducing support for Bitcoin, Ordinal inscriptions, and BRC20 tokens. Users of Phantom have the ability to integrate…
Grimace Community Triumphs: MEXC’s Multimillion-Dollar Capitulation
PRESS RELEASE. On December 19, Grimace’s creator staged a New Year’s miracle live, gifting his followers millions of dollars. The MEXC exchange funded this entire giveaway, as they went against Grimace’s user base and listed the…
Bitcoin NFTs Skyrocket With $425M in Sales This Week; Key Collections Cement Strong Floor Values
In the last week, markets for non-fungible tokens (NFTs) minted on top of Bitcoin have generated approximately $425.63 million in sales. The leading ten NFT collections over the seven-day period all originate from the Bitcoin blockchain. Several…
Circle Informs Clients of IRS Inquiry Into $20K Annual Transactions
Numerous advocates of digital currencies report that Circle Internet Financial has been reaching out to its clients about a summons received from the Internal Revenue Service (IRS). Circle has stated that it is obliged to submit records concerning…
Parallelized Ethereum Virtual Machine Narrative Catching Fire
With the crypto market buzzing about parallelized EVMs, find out whether this trend is just a passing hype or a pivotal development for blockchain technology’s scalability and performance. Crypto Market Focuses on Emergence of Parallel…
Tackling NFT Theft With the Three Address Protocol
The Three Address Protocol offers a structured strategy to safeguard non-fungible tokens (NFTs), dividing activities across three specialized addresses to combat digital asset theft. TAP: Candidate For The New Standard in NFT Security The NFT…
Supply of Stablecoins on Ethereum Protocol 30% Lower Than in 2022 — Study
The supply of stablecoins on the Ethereum chain has dropped by more than 30% from the peak of $100 billion to $66 billion since 2022. The study data shows BUSD and USDC as the two stablecoins which caused the overall market value to fall from $139…
New EU Sanctions Package Preclude Russians From Owning Crypto Companies
The European Union said Russian nationals from owning or controlling crypto service providers under the bloc’s twelfth package of restrictive measures against the country. According to the EU, diamonds entering its will now have to be traced…
Grant Thornton: Family Offices Are Warming Up to Blockchain and Crypto
A report issued by Grant Thornton, a professional services network, has revealed that family offices are eyeing crypto and blockchain to increase their investments in these areas. More than half of the family offices consulted have already invested…
Ripple Executive Predicts ‘Breakout Moment’ for Crypto Institutional Adoption
Ripple’s president has shared her crypto predictions, stating that 2024 could mark “the breakout moment where institutional adoption for real-world utility takes off.” She emphasized: “The industry needs to build compliance…
Judge Kaplan Rejects Bankman-Fried’s Request for Sentencing Delay, Affirms March 2024 Date
In a recent development in the high-profile case of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX, a request for postponement of the sentencing hearing was firmly denied by U.S. District Judge Lewis Kaplan…
Smart Contract Tokens Solana and Avalanche Surge, Closing in on BNB and Ethereum
Recently, the smart contract platform tokens solana (SOL) and avalanche (AVAX), both considered layer one (L1) crypto assets, have been narrowing the gap with ethereum (ETH), the most prominent smart contract platform in terms of market valuation…
Ledger Responds to Connect Kit Exploit With Reimbursement Plan, Security Overhaul
In a decisive move following a significant security incident, Ledger, a well known crypto hardware wallet manufacturer and security firm, announced a response plan. Approximately $600,000 in assets were stolen from users due to an exploit involving…
Cogwise AI News Aggregator: Revolutionizing Decision-Making in Real Time
In a groundbreaking leap for financial technology, Cogwise AI unveils its state-of-the-art “AI News Aggregator,” reshaping how traders approach decision-making. This cutting-edge feature integrates advanced artificial intelligence and…
Recent data, analyzing the seven-day average of Bitcoin’s hashrate, reveals yet another lifetime peak in the network’s performance. On Dec. 20, 2023, Bitcoin’s hashrate climbed to an unprecedented high. The seven-day simple…
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