Bitcoin News and Finance: What You Need to Know

Ripple’s RLUSD stablecoin launch sparks a warning against “FOMO,” as early supply shortages could cause temporary price spikes before stabilizing near $1. RLUSD Launch Warning: Why Ripple CTO Urges Caution Amid Initial Supply Issues Ripple’s chief technology officer, David Schwartz, has issued a measured warning about early price volatility for the company’s U.S. dollar-backed stablecoin, […]

Ripple’s groundbreaking RLUSD stablecoin launches on Tuesday, set to transform global payments with instant settlements, defi integration, and unrivaled regulatory compliance. Ripple Launches RLUSD Stablecoin: The Revolution in Global Payments Begins Ripple is gearing up for the global debut of Ripple USD (RLUSD), an enterprise-grade stablecoin launching on Dec. 17. Designed for trust, utility, and […]

The market valuation of tether (USDT) has now ballooned to a staggering $140 billion. On Dec. 16, this stablecoin’s market cap makes up 3.75% of the colossal $3.73 trillion crypto universe. Tether’s Market Share Soars in 2024 The journey of the dollar-pegged digital economy has been quite the adventure since stablecoins first hit the scene, […]

FTX Trading Ltd. (FTX) and its affiliated debtors have locked in Jan. 3, 2025, as the kickoff day for their court-endorsed Chapter 11 Reorganization Plan. FTX Creditor Distribution Is Coming Soon According to the press release, this date will also act as the debut distribution record for creditors within the plan’s convenience categories. In the […]

An Australian court fined Kraken $5.1 million AUD for offering a margin lending product to Australian customers without proper regulatory approval. Unlawful Credit Facility An Australian court has fined the digital asset exchange platform Kraken $5.1 million Australian dollars (AUD) for “unlawfully issuing a credit facility to more than 1,100 Australian customers.” The penalty concludes […]

Bitcoin, the flagship cryptocurrency, soared past the $105,000 mark on Dec. 15, 2024, reaching an intraday peak of $105,149 per coin. This represents a 4% increase against the U.S. dollar within the day, showcasing a strong performance in the crypto market. Record Breaking Surge: Bitcoin Hits $105,149 The digital currency’s market capitalization has now climbed […]

According to the latest stats, Bitcoin’s network hashrate has soared past the 800 exahash per second (EH/s) mark, based on the seven-day simple moving average (SMA). The network’s computing might has hit a record-breaking high of 805 EH/s. Bitcoin Hashrate Hits Record-Breaking 805 EH/s Over the weekend, bitcoin (BTC) has stayed comfortably above the $100,000 […]

Microstrategy’s $43 billion bitcoin bet propels it into the Nasdaq-100, fueling bullish momentum as institutional investors are expected to prepare for major crypto-driven gains. Nasdaq Adds $43B Bitcoin Giant Microstrategy: Institutional Buying Frenzy Ahead? Nasdaq Inc., a leading global technology company and stock exchange operator, announced its annual adjustments to the Nasdaq-100 Index on Friday, […]

Elon Musk’s SEC battle has drawn criticism from Ripple’s legal chief, Vivek Ramaswamy, and Chamath Palihapitiya, who accuse the regulator of corruption, coercion, and partisan overreach. SEC Faces Backlash Over Elon Musk Case: Ripple’s Legal Chief Weighs in Elon Musk’s ongoing battles with the U.S. Securities and Exchange Commission (SEC) have sparked fresh debates over […]

Aethir has partnered with the Blockchain Center Abu Dhabi (ADBC) to foster Web3 innovation in the MENA region. They will focus on advancing AI and gaming projects through Aethir’s $100 million Ecosystem Fund, which includes graphics processing unit (GPU) subsidies and token grants for eligible ventures. Aethir’s decentralized GPU cloud infrastructure provides high-performance computing solutions, […]

Bitcoin addresses are your wallet’s public identity, each with a unique purpose and evolution to match the growing needs of the cryptocurrency world. Unlocking Bitcoin’s Address Book: From P2PK to Taproot If you’re new to Bitcoin, understanding its address formats might feel like learning a new language. But fear not, because this informative editorial is […]

An early bitcoin investor was sentenced to two years in prison for evading taxes on $3.7 million in cryptocurrency gains, using mixers and secret wallets. Bitcoin Investor Sentenced: The High Cost of Hiding Cryptocurrency Profits Frank Richard Ahlgren III, a resident of Austin, Texas, was sentenced to two years in prison for “filing a tax […]

Bitcoin’s historic rally last week didn’t happen in isolation—it came amid a surge of retail investors, Ethereum ETF inflows, and more. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Bitcoin, Ethereum, and the Return of Retail Bitcoin […]

Bitcoin and ether ETFs approved in January and July respectively, played a vital role in the industry’s record-breaking year. Crypto Gives ETF Industry a Second Wind Global exchange-traded funds (ETFs) averaged $4 billion in daily inflows and closed out with a record-breaking total of $1 trillion in annual inflows for 2024, according to reporting from […]

Blackrock has emphasized bitcoin’s growing portfolio significance, recommending a measured allocation strategy akin to mega-cap tech stocks. Bitcoin Meets the ‘Magnificent 7’: Blackrock’s Allocation Recommendation Blackrock Investment Institute (BII), a research division of Blackrock, the world’s largest asset manager, published a report titled “Sizing bitcoin in portfolios” on Thursday. The report examines bitcoin’s distinct characteristics, […]

Ripple’s legal chief criticized SEC Commissioner Caroline Crenshaw as “more rogue than Gensler,” accusing her of defying court rulings. SEC Commissioner Caroline Crenshaw Faces Growing Opposition From Crypto Industry Ripple’s chief legal officer, Stuart Alderoty, took to social media platform X on Wednesday to comment on the renomination of U.S. Securities and Exchange Commission (SEC) […]

Peterffy wants to see more investors add bitcoin to their assets but keep their holdings to a minimum. Investors Should Add Bitcoin to Assets Billionaire founder of Interactive Brokers Group, Thomas Peterffy has advised clients to acquire some bitcoin but to keep their holdings small due to the volatility of the asset. Speaking on Wednesday […]

With less than 40 days until Donald Trump is sworn in as the U.S. President, recent data reveals he holds nearly $13 million in crypto assets. The First Crypto Commander-in-Chief Stepping into the presidency with a sizable crypto portfolio, Donald Trump brings a financial twist to the Oval Office. His running mate, JD Vance, isn’t […]

A surge in XRP’s open interest suggests continued investor interest in the cryptocurrency, according to analyst Iliya Kalchev. XRP Open Interest Leverage Driven The recent spike in XRP’s open interest suggests the number four digital asset is likely to remain “a focal point in the crypto space for the foreseeable future,” according to Iliya Kalchev, […]

Balancer’s version three (v3) launch introduces innovations like Boosted Pools, a Hooks Framework, and a strategic partnership with Aave, aiming to enhance liquidity optimization, security, and developer tools in the decentralized finance ecosystem. Balancer Unveils v3, Integrates With Aave for Enhanced Liquidity Balancer has launched its v3 platform, introducing a suite of enhancements aimed at […]

On Wednesday, during an interview with CNBC, Fundstrat’s Tom Lee pointed out that bitcoin offers the clearest gauge of how the Trump administration’s economic policies might fare. Lee highlighted bitcoin’s historical patterns, which “would imply $250,000 per bitcoin in 2025.” Bitcoin as America’s Strategic Asset? Tom Lee Predicts Explosive Growth Tom Lee, a leading American […]

PRESS RELEASE. New York, December 10, 2024 — Rui Huang’s Starbase 2050 achieved a remarkable $800,000 bid during Sotheby’s Digital Art Day Auction, with crypto whale @commandereeve leading the competition. The auction continues to draw global attention. Rui Huang, a visionary digital artist, is renowned for his sci-fi animations, which have garnered over half a […]

Ripple’s RLUSD stablecoin is launching imminently with NYDFS approval, poised to ignite XRP liquidity and ecosystem growth across major blockchains and partner platforms. Regulatory Green Light: Ripple’s Stablecoin Launch Is Around the Corner Ripple disclosed the forthcoming introduction of its stablecoin, RLUSD, on social media platform X Tuesday. The company emphasized the importance of vigilance […]

Microsoft shareholders rejected a push to adopt bitcoin as a strategic reserve, dismissing claims it could add trillions in market value and mitigate shareholder risks. Microsoft Rejects Bitcoin Investment: What It Means for Shareholders Microsoft’s shareholders have voted against a proposal to include bitcoin in the company’s financial reserves, following guidance from the board of […]

Bitoasis, a leading virtual asset platform in the Middle East and North Africa (MENA) region, has received a full virtual asset service providers (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). Securing the full VASP License marks the final step in VARA’s licensing process. This milestone allows Bitoasis to expand its services to retail, […]

The report underscores USDT’s pivotal role in cryptocurrency adoption, bridging the gap between traditional fiat and digital assets. 109 Million Wallets Hold Tether Tether’s second insights report revealed a significant milestone in the adoption of its stablecoin USDT with 109 million onchain wallets holding USDT at the start of Q4 2024. This makes USDT one […]

Coinbase’s support account on X tackled grievances regarding alleged account restrictions. In a post, the company emphasized, “don’t believe everything you see on twitter.” However, an attached X Community Notes clarification pointed out that Coinbase is “indeed restricting accounts.” Locked Accounts and Frustrated Users: Coinbase Faces Customer Outcry A flood of complaints has been aimed […]

Rich Dad Poor Dad author Robert Kiyosaki calls bitcoin’s $100K milestone a game-changer, warning it could become inaccessible for many while predicting its rise to $1 million. Robert Kiyosaki Discusses Bitcoin’s $100K Milestone Renowned author and financial educator Robert Kiyosaki has highlighted bitcoin’s $100,000 milestone as a significant moment in his investment strategy with broader […]

Ripple executives praised potential SEC leadership changes, signaling hope for a crypto-friendly shift that ends restrictive policies and fosters innovation and economic growth. Ripple Hails SEC Shake-Up: Common Sense Returns to Crypto Regulation Ripple’s executives have expressed support for Paul Atkins assuming a leadership role at the U.S. Securities and Exchange Commission (SEC). President-elect Donald […]

Iran is shifting its stance on digital currencies, focusing on regulation rather than imposing restrictions, according to Minister Abdolnaser Hemmati. Speaking at a Tehran event, Hemmati highlighted the government’s plan to mitigate the economic risks of digital currencies while leveraging their potential benefits. He emphasized the Central Bank of Iran’s authority in managing digital assets […]