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Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress
Bitcoin Price Alert: X Account’s Analysis Suggests Sub-$10K Drop – Here’s The Reasoning
[Feb 14, 2024 10:00 PM] Amid a significant Bitcoin price rally, reaching a new two-year high of $52,000, a renowned social media account known as WhaleWire has made a startling prediction. The account, widely followed for its bold statements and news postings, has…
SEC Chair Gary Gensler Outlines ‘Very Real Economic Difference’ Between Bitcoin and US Dollar
Crypto Economy Hits $1.9 Trillion on Valentine’s Day Surge: DYM, STX, and SEI Lead Gains
[Feb 14, 2024 7:30 PM] At the time of writing, the value of the crypto economy has reached $1.93 trillion, with bitcoin alone accounting for $1 trillion of this total. Bitcoin and ethereum have experienced increases of 4.2% and 5.3%, respectively. Meanwhile, a few crypto…
Report: Genesis Global Cleared to Unload $1.3 Billion in GBTC Shares
[Feb 14, 2024 5:30 PM] Genesis Global Capital has received authorization to offload its stake in Grayscale’s Bitcoin Trust (GBTC), valued at approximately $1.3 billion. Genesis Global Permitted to Liquidate $1.3 Billion in Bitcoin Trust Shares According to…
Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sales Growth
[Feb 14, 2024 3:30 PM] After its oversubscribed initial public offering (IPO), Phoenix Group, a Dubai-based company specializing in bitcoin mining and blockchain infrastructure, has announced a significant 50% increase in net income. The firm further revealed a 20%…
Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply Growth
[Feb 14, 2024 1:30 PM] Statistics reveal that since the onset of February 2024, the stablecoin sector has experienced a significant expansion, with an increase of $1.7 billion in its economy. In the last 30 days, both usd coin and first digital usd witnessed their…
Bitcoin Short Squeeze Wipes Out $89M as Price Surges to $52K; ETF Inflows Hit $4B
[Feb 14, 2024 11:30 AM] The price of bitcoin soared past the $52K milestone on Wednesday, reaching $52,056 per unit on Bitstamp at 10:05 a.m. Eastern Time. Bitcoin’s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out…
Crypto Fear and Greed Index Touches ‘Extreme Greed’ as Bitcoin Soars, Echoing 2021’s Highs
Bitcoin Technical Analysis: BTC’s Bullish Momentum Signals Strong Market Confidence on Valentine’s Day
[Feb 14, 2024 7:03 AM] Bitcoin’s price trajectory on Feb. 14, 2024, showcases a robust bullish trend, with the cryptocurrency reaching a 24-hour high of $51,814. Amidst a consolidating market, the digital asset has seen significant growth, marking a 3% increase…
Former Binance CEO Changpeng Zhao’s Sentencing Delayed to April 30, Court Notice Reveals
[Feb 14, 2024 6:30 AM] A U.S. court has postponed the sentencing of Changpeng Zhao, the ousted CEO of the crypto exchange Binance, to April 30. A Seattle Federal Court notice did not share reasons for the delay in Zhao’s sentencing while his lawyer reportedly…
Voyager Investors Sue the NBA and New Jersey’s Oldest Law Firm
[Feb 14, 2024 5:00 AM] Investors in the bankrupt cryptocurrency exchange Voyager Digital are suing the National Basketball Association (NBA), and New Jersey’s oldest law firm, McCarter & English. This emerging legal battle illustrates how even some of the largest and…
Sushi Partners With Layer N to Launch High-Speed Derivatives Exchange
[Feb 14, 2024 3:30 AM] Sushi, the multi-chain decentralized exchange (dex), plans to launch a new high-speed derivatives exchange called Susa using Layer N’s scaling technology, Sushi revealed on Tuesday. The partnership aims to rival centralized exchanges by…
Philippines to Develop Blockchainless Wholesale CBDC in Two Years
[Feb 14, 2024 2:00 AM] The Central Bank of the Philippines will develop a central bank digital currency (CBDC) in the next two years, according to Governor Eli Remolona Jr. The still unnamed CBDC will focus on the wholesale market and won’t use blockchain tech…
Torrevieja to Become the First Crypto Friendly City in Spain
[Feb 14, 2024 12:30 AM] Torrevieja, a city of almost 90,000 inhabitants, aims to become one of the first crypto-friendly locations in Spain. The city, in alliance with Apymeco, its merchant association, will incentivize using cryptocurrency as a payment option and give…
Stacks (STX) Skyrockets Over 43% And Smashes $2 Threshold, Setting Sights On New All-Time Highs
[Feb 13, 2024 11:00 PM] Stacks (STX) has garnered significant attention in the cryptocurrency industry as it emerges as a leading altcoin contender. With an impressive performance surpassing all top 100 tokens, except for Dymension (DYM), Stacks has witnessed a remarkable…
Bitcoin Has Become World’s ‘Most Popular Investment Asset,’ Says Microstrategy Chairman
Inflationary Concerns Rise As US CPI Exceeds Predictions, Bitcoin Price Reacts
[Feb 13, 2024 9:00 PM] The latest US inflation data significantly impacted the Bitcoin price and most of the cryptocurrency market, with some exceptions. According to a report from the Labor Department, inflation rose more than expected in January, driven by higher…
Skybridge Founder Says It’s Not Too Late to Buy Bitcoin — Foresees ‘Face-Ripping Rally Incoming’
Peter Schiff Warns of Bitcoin ‘Pump and Dump’ — Expects to See a ‘Massacre’
Umoja Launches Beta Hedging Service to Bolster Crypto Investment Safety
[Feb 13, 2024 5:00 PM] On Tuesday, the crypto platform Umoja unveiled its beta version of hedging-as-a-service, designed to shield users from crypto losses. Umoja’s mission is to enhance the safety and accessibility of crypto investments, opening up hedging…
Billionaire Peter Thiel’s VC Firm Bought BTC and ETH Worth $200 Million in Latter Half of 2023
[Feb 13, 2024 3:30 PM] Founders Fund, a venture capital (VC) firm founded by the billionaire Peter Thiel, is believed to have acquired bitcoin and ethereum worth $200 million sometime in the second half of 2023. The VC firm reportedly began purchasing bitcoin when its…
Ripple Aims to Expand Regulatory Reach With Standard Custody Acquisition
Solana Mobile’s Chapter 2 Reaches 100K Preorders, Guarantees Production
[Feb 13, 2024 10:30 AM] Solana Mobile, a smartphone-focused subsidiary of Solana Labs, has announced that its second mobile phone, Chapter 2, has reached 100k preorders in less than 30 days, hitting a milestone that now guarantees the production of the hardware device…
Bitcoin Braces for Record Difficulty Surge Ahead of Retarget as Miners Push Network to New Heights
[Feb 13, 2024 8:30 AM] Scheduled for Feb. 15, 2024, the upcoming Bitcoin difficulty retarget is poised to mark a notable upswing in the network. Current projections forecast an estimated difficulty surge ranging from 8.45% to 9.2%, setting the record for the steepest…
Bitcoin Mining Stocks Surge — Double-Digit Gains Highlight Rapid Growth in Digital Currency Sector
[Feb 13, 2024 6:30 AM] As bitcoin and the broader crypto market have surged, shares of publicly traded mining companies have seen substantial growth. Data shows that, in the last five days, stocks of many of these firms have experienced double-digit increases in value…
As the Blockchain Industry Loses Billions Annually to MEV, the Solution Is Staring Us in the Face — Neo Founder Da Hongfei
[Feb 13, 2024 5:00 AM] Imagine the scene: You’re sitting at the card table, and every hand you’re dealt is terrible. But the cards never get better; the dealer has full sight of the deck and sets the order of the cards before they’re played. The dealer always wins. The…
Ethiopia’s Affordable Hydropower and Adoption of Crypto Mining Attracts Chinese Bitcoin Miners
[Feb 13, 2024 3:30 AM] The Ethiopian state electricity company has reportedly signed power supply agreements with 21 mainly Chinese bitcoin miners. The African country’s pursuit of foreign exchange has seemingly taken precedence over the concerns often raised by…
Bitso Reveals Latam Is Bitcoin Territory With a Stablecoin Frenzy in Argentina
[Feb 13, 2024 2:00 AM] Bitso, a Mexico-based cryptocurrency exchange with a presence in several countries of Latin America, has revealed the trends that its user base followed during 2023. Bitso Argentina CEO Julian Colombo disclosed that while Bitcoin was still the most…