Trump’s re-election sparks optimism for clarity on crypto regulation in the U.S.
Ripple eyes UAE as Dirham-backed stablecoin plans gain momentum in digital finance.
XRP skyrocketed by 7.60% within the week due to Donald Trump’s victory and Ripple’s possible partnership with the United Arab Emirates to release a Dirham-pegged stablecoin. As analysts expect Trump’s administration to introduce a favourable crypto
Norges Bank Aligns with MiCA, Norway Plans To Adopt CBDC
The Bank reviews MiCA as Norway evaluates the adoption of a central bank digital currency.
Norway’s central bank studies CBDC use for cross-border payments and financial stability.
Norges Bank explores regulatory gaps in DeFi while considering CBDC issuance.
Norges Bank, Norway’s central bank, has endorsed the European Union’s Markets in Crypto-Assets Regulation (MiCA) as it continues evaluating the feasibility of a central bank digital currency (CBDC). The bank sees MiCA as a crucial regulat
Bitcoin Hits $77K All-Time High as Institutional Demand Surges
The price of Bitcoin hit its highest price for the third time since the U.S election.
Derivatives data shows liquidations clearing leveraged positions, supporting stability.
OI in Bitcoin derivatives rose, signaling continued engagement from market participants.
On November 8, the price of Bitcoin hit its highest price for the third time since the US election, soaring to $77,239.75. The cryptocurrency has achieved a significant milestone, rising 10.07% over the past week. The asset’s 24-hour
Bitcoin Fog Founder Faces 12.5 Years of Prison Sentence
Bitcoin Fog founder Roman Sterlingov is sentenced to 12.5 years of imprisonment.
Sterinlgov is found guilty of multiple charges, including money laundering and conspiracy.
The court ordered the forfeiture of $395 million in assets linked to Bitcoin Fog.
Roman Sterlingov, the founder of the notorious darknet crypto mixer, Bitcoin Fog, has been sentenced to 12.5 years of imprisonment for laundering tens of millions of dollars in illegal drug transactions. According to a November 8 statement rel
Prediction Markets are the Future of Reliable News: Vitalik
Ethereum co-founder Vitalik Buterin supports the prediction market in his latest blog post.
Buterin stated that the prediction markets provide reliable information to the public.
Beyond election predictions, Buterin states that info finance is an emerging field.
In his latest blog post, “From Prediction Markets to Info Finance,” Ethereum co-founder Vitalik Buterin discusses the growth of prediction markets. He pointed out its potential as a reliable news source, especially after the recently
Alchemy Pay Expands US Reach with Four New State Licenses
Alchemy Pay secures four new state licenses to expand US crypto services.
Company adds licenses in Minnesota, Oklahoma, Oregon, and Wyoming.
Alchemy Pay now holds eight licenses in the US for compliant crypto access.
In a recent development, Alchemy Pay has expanded its compliance reach in the United States. It recently secured money transmitter licenses in Minnesota, Oklahoma, Oregon, and Wyoming, bringing its total licenses in the US to eight according to the Nationwide Multi-State Licensin
Skurka assures WonderFi users their funds and data remain safe despite the ordeal.
According to the latest news, WonderFi CEO Dean Skurka was kidnapped in Toronto. He was later on released after paying a ransom of $1 million. The case has raised cautions about the crypto industry’s vulnerability, where high-profile figures are increasing
Ripple CEO Sees Optimistic Future: XRP Bull Run Ahead?
The Ripple CEO reiterates his optimism towards the XRP token’s imminent progress.
The community anticipates XRP’s bull run as Trump is expected to fire SEC Chair Gensler.
Experts predict that XRP will be one of the best performers of the election period.
The XRP community is anticipating a bull run, fueled by the prospect of President Donald Trump replacing SEC Chair Gary Gensler with a crypto-friendly candidate. The bullish speculations are further bolstered by Ripple CEO Brad Garlinghouse’s
Bitcoin Surges Past $75K as Crypto Market Gains Momentum
Bitcoin’s surge above $75K lifts market sentiment, driving growth across major cryptos.
Crypto market cap reached $2.7T, with BTC’s 1.43% gain leading to broader crypto optimism.
Altcoins see gains as Drift Protocol and DOGE rise sharply, attracting new investor interest.
Bitcoin has risen above the $75K level, which has created favorable sentiments in all other cryptocurrencies in the market. In an X post on Friday, analytical platform CryptoRank reported that the cryptocurrency market’s tot
Ethereum Holds $970M in Total Assets With $788M in Crypto
Ethereum Foundation holds $970.2 million in assets, with $788.7M in Ethereum tokens.
EF’s 2023 spending includes $47.4M on new institutions and $34.7M on Layer 1 R&D.
The foundation tightens conflict policies, banning staff from earning illiquid tokens.
The Ethereum Foundation (EF) disclosed its financial position, reporting $970.2 million in combined crypto and non-crypto assets as of October 31, 2024. Of this total, $788.7 million is held in cryptocurrencies, with 99.45% in ether. The holdi
Trump-Themed Memecoins Plunge After Election Rally: Report
Trump’s 2024 win drove Bitcoin to $76,943, pushing the crypto market cap to $2.52 trillion.
Memecoins like MAGA spiked initially but plunged, losing over half their peak values.
As capital shifted to BTC and ETH, Trump tokens faced liquidity issues and sharp declines.
The cryptocurrency market experienced a huge boost shortly after Donald Trump won the 2024 U.S. presidential election. The Bitcoin price climbed to $76,943, while the total market capitalization of the cryptocurrencies hit $2.51
$1.1B Inflows Prop BlackRock’s IBIT Amid BTC’s Record Rally
BlackRock’s IBIT led U.S. Bitcoin ETFs with $1.1B inflows on Nov. 7, dominating 82%.
Bitcoin ETFs recorded $1.34 billion inflows as BTC hit $76,943, a new all-time high.
Fidelity’s FBTC followed Blackrock’s IBIT with $190.9M inflows, while ARKB secured $17.6M.
BlackRock’s spot Bitcoin exchange-traded fund (ETF), IBIT, saw record-breaking inflows of $1.1 billion on Nov. 7. The fund reclaimed its position as the top-performing ETF after experiencing outflows totaling $113.3 million over the pre
U.S. Federal Reserve Reduces Interest Rates Again By 0.25%
The Federal Reserve once again cuts down its key interest rate by a quarter point.
Earlier, the interest rates were 5% and have been lowered by 25 basis points to 4.75%.
This change will provide relief to members struggling with high borrowing costs.
The U.S. Federal Reserve has cut its benchmark interest rate to 4.75% from 5%. This quarter-point cut is aimed to increase borrowing by making it cheaper for businesses and consumers and boost the economy. This will enhance economic growth and co
Detroit to Accept Cryptocurrency for Tax Payments in 2025
Detroit will become the largest U.S. city to accept cryptocurrency for tax payments and fees.
The initiative aims to increase accessibility for residents, including those who are unbanked.
City officials invite blockchain entrepreneurs to propose projects that enhance public services.
Detroit will become the largest city in the United States to accept cryptocurrency for tax payments and fees. City officials announced this decision on Thursday. Residents can use crypto to pay various fees thro
Mekong testnet allows developers to test Ethereum’s EIP-7702 and staking changes.
Mekong provides insights for the Pectra fork, ahead of Ethereum’s Devcon in Bangkok.
The Ethereum Foundation has launched the Mekong testnet. It is a temporary testing network that previews what’s coming with the much-anticipated “Pectra” fork. The new testnet lets developers try out the latest user experience and staking updates
SEC Challenges Kraken’s Defenses in Crypto Regulation Lawsuit
SEC seeks court approval to dismiss Kraken’s defenses in a crypto securities lawsuit.
Kraken claims SEC’s crypto regulations lack clarity and that it wasn’t given fair notice.
Court ruling on Kraken’s defenses could set a precedent for future U.S. crypto regulations.
The US Securities and Exchange Commission (SEC) has sought to strike out three defenses that the cryptocurrency exchange Kraken advanced. On November 5, the SEC filed its motion with the Northern District Court of California seek
Coinbase CEO Hopes for Crypto Reform in New Congress
Brian Armstrong sees Trump’s victory as a huge win for the crypto industry.
Coinbase’s stock soared 31%, boosting Armstrong’s net worth by $2.1 billion post-election.
SEC Chair Gary Gensler may be replaced, easing pressure on the crypto industry.
The 2024 U.S. presidential election, bringing Donald Trump back to the White House, has stirred new optimism within the crypto industry. With the Republican Party’s Senate majority and the prospect of Trump appointing new leadership at the Securities
FTX co-founder requests to avoid his prison sentence in the fraud case involving SBF.
Wang’s lawyer highlights the defendant’s minimal role in the fraud scheme compared to others.
The lawyer argues that Wang was instructed by Bankman-Fried to alter FTX’s code.
In a novel development in the FTX lawsuit, Gary Wang, the co-founder of the defunct exchange, has requested the court to avoid his prison sentence. Being a key witness for FTX founder Sam Bankman-Fried’s fraud trial, Wang pleaded for a
Trump’s Win Boosts Crypto Optimism, Market Sees Major Gains
Bitcoin reaches $76,500 after Trump’s re-election boosts confidence in the crypto market.
Trump’s pro-business stance ignites a crypto market rally, pushing crypto to the next high.
Fear & Greed Index hits 77 as optimism sparks strong gains across major altcoins.
Bitcoin’s price soared to the $76 level after Donald Trump was re-elected as the United States President. The milestone has raised the spirits in the cryptocurrency community, with many investors expecting the trend to change towards
Michael Saylor Backs Senator Lummis’ BTC Reserve Proposal
Michael Saylor supports Senator Lummis’ push for a U.S. Bitcoin reserve.
Proposal suggests Bitcoin could be added to U.S. reserves alongside gold.
Policy concerns make U.S. Bitcoin reserve adoption unlikely in near future.
United States Senator Cynthia Lummis has reiterated her plans to adopt Bitcoin as the country’s national reserve. Lummis’ proposal demands to make Bitcoin part of the country’s financial reserves along with traditional assets like gold. The proposal received support from le