Category : Bitcoin.com

Bitcoin.com

Standard Chartered: BTC Could Hit $200K in 2025 With Spot Bitcoin ETF Approval

Standard Chartered has predicted that the price of bitcoin could rise to $200,000 next year with the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The bank’s analysts described: &am...

Turmoil in Crypto Market — Misleading SEC Post Triggers Significant Bitcoin Volatility

Bitcoin’s value experienced a turbulent Tuesday, largely due to a rogue post from the U.S. Securities and Exchange Commission’s hijacked X account, mistakenly proclaiming the green light for all spot bitcoin exchange-traded funds (ETFs)...

SEC’s Spot Bitcoin ETF Approval Post Unauthorized — Chair Gary Gensler Says SEC’s X Account Was Compromised

The U.S. Securities and Exchange Commission (SEC)’s X account announced the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday. However, minutes later, SEC Chairman Gary Gensler claimed that the agency’s social media account was c...

North Korean Lazarus Group Withdraws $1 Million in BTC Using Mixing Service

The Lazarus Group, one of the most infamous cryptocurrency hacking collectives, has made one of its largest cryptocurrency withdrawals in over a month. According to Arkham, an on-chain intelligence exchange system, the group withdrew a million dollar...

‘Extreme Greed’ — Bitcoin’s Price Rise Leads to Highest Fear and Greed Index Level Since 2021

Hovering just below the $47K mark, bitcoin’s price rise has coincided with the Crypto Fear and Greed Index (CFGI) reaching a notable 76 on Jan. 9, 2024. This signals a phase of “extreme greed,” a sentiment intensity not w...

Blockchain Association Rebuffs CFPB’s Proposal on Payment Apps and Digital Assets

In a detailed critique, the Blockchain Association counters the CFPB’s latest proposal to oversee digital consumer payment applications, citing legal and jurisdictional overreaches in the bureau’s approach to cryptocurrencies and digital...

Defi Can Strengthen the United States’ Leadership in Tech and Financial Services, CFTC Report Says

Decentralized finance projects and their respective ecosystems potentially offer both promising opportunities and risks to the U.S. financial system, a Commodities Futures Trading Commission (CFTC) study has found. The CFTC study report recommends co...

Building a Super App for Chain-Agnostic Execution – Omar Zaki, Founder of Composable and Picasso

Composable and Picasso are the team leading the extension of IBC to all ecosystems in order to bring to life secure and chain-agnostic interoperability for users and builders. Picasso currently powers cross-ecosystem IBC across Polkadot, Kusama, Cosm...

Less Than 15,000 Blocks to Halving: ETF Hopes and Ordinal Inscriptions Serve as Life Preserver for Bitcoin Miners

As of Jan. 9, 2024, fewer than 15,000 blocks remain before the fourth Bitcoin halving event. This milestone will halve the block reward from 6.25 to 3.125 bitcoins per block. Expected to occur in April 2024, this event will render bitcoin increasingl...

New Scientist’s Bitcoin Ban Article Sparks Backlash: Experts Slam ‘Bad Science’ and Bias

On Jan. 8, 2024, a New Scientist article sparked debate by questioning whether nations ought to consider banning bitcoin due to its environmental footprint. The editorial has drawn significant criticism from numerous bitcoin supporters. Environmental...

Honduran City of Prospera Adopts Bitcoin as Unit of Account

The city of Prospera in Honduras has recently adopted bitcoin as a unit of account, allowing companies to pay taxes and determine obligations in bitcoin. The measure could incentivize the development of a circular economy, given that bitcoin has been...

Cleanspark Bolsters Bitcoin Mining Might With 60,000 S21 Rig Acquisition From Bitmain

The bitcoin mining firm Cleanspark, listed on Nasdaq, recently revealed the acquisition of 60,000 S21 miners produced by Bitmain. Scheduled for delivery in the next quarter, this purchase represents approximately 12 exahash per second (EH/s) of hashi...

Cameroonian Fintech Startup Koree Secures $200,000 in Pre-Seed Funding

The Cameroonian fintech startup Koree recently secured $200,000 in pre-seed funding which was led by the co-founder of the Nigerian payments company Duplo. The fintech said it will use the funds raised to launch a marketplace that rewards users for t...

Tunisian Universities’ Hackathons to Boost Understanding of Distributed Ledger Technology

Two Tunisian universities working in collaboration with the blockchain company Dar Blockchain and the Hashgraph Association are set to hold three-day hackathons. Hackathon participants are set to learn how decentralized finance (defi) can help revolu...

Report: Japan’s E-Commerce Giant Mercari to Accept BTC Payments

Starting in June, users of Mercari, one of Japan’s biggest e-commerce platforms, will be able to pay for products using bitcoin. Users of the platform will also be able to use proceeds from sales to buy and sell bitcoin. Mercari Set to C...

The Crypto App: A Powerful Toolkit for Crypto Traders and Investors

The Crypto App, an all-in-one cryptocurrency tracking, analytics, and content platform, allows crypto traders and holders to advance their understanding of crypto markets, create and implement data-driven trading strategies, and enhance risk manageme...

South Korea Proposes Ban on Credit Card Crypto Purchases

Amidst a national surge in crypto trading, South Korea’s FSC is proposing a significant change to their credit finance laws, potentially barring citizens from the use of credit cards in cryptocurrency transactions. South Korea Aims to Tighten C...

Crypto Exchange Bitmex Sends Physical Bitcoin to the Moon — Expects to Land on Lunar Surface Next Month

Cryptocurrency derivatives exchange Bitmex is sending a physical bitcoin to the moon. “The bitcoin wallet in the shape of one coin will land on the Moon aboard the Peregrine spacecraft, making this the first financial asset to touch the lu...

Bank of Spain Announces Partners for Wholesale CBDC Trials

The Bank of Spain has announced that Adhara, a treasury and transactions payment platform, and a consortium formed by Cecabank and Abanca, two private banks, will be its partners in the development of several upcoming wholesale central bank digital c...

Ark Invest CEO Expects Spot Bitcoin ETFs to Attract ‘Substantial’ Institutional Flows, Pushing BTC ‘Much Higher’

Ark Invest CEO Cathie Wood expects spot bitcoin exchange-traded funds (ETFs) to move the price of bitcoin “much higher.” The securities regulator is expected to make a decision on spot bitcoin ETFs by Wednesday. “We think that the S...

SEC Expected to Approve ‘a Handful’ of Spot Bitcoin ETFs on Wednesday, Report

The U.S. Securities and Exchange Commission (SEC) is expected to green-light “a handful” of spot bitcoin exchange-traded funds (ETFs) on Wednesday, potentially unleashing a wave of trading this week. On Monday, 10 applicants sub...

SEC Chair Gary Gensler Issues Crypto Warnings as Spot Bitcoin ETF Decision Looms

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued warnings about crypto investing amid soaring anticipation for potential spot bitcoin ETF approvals. The SEC chief stressed that crypto investors “should understand t...

Visa Adopts Web3 Tech for Its New Loyalty Engagement Solution

Visa, a worldwide leader in credit payment technology, has announced that it will include Web3 elements in its customized loyalty program solution. The company partnered with Smartmedia Technologies, a Web3 loyalty rewards startup, to add innovative...

Luetkemeyer’s Exit Sets Up Potentially Crypto-Friendly Turn in House Banking Committee

Rep. Blaine Luetkemeyer’s retirement at the end of 2024 opens the door for a new era in cryptocurrency regulation, with Rep. French Hill (R-Ark.) poised to lead the charge in the House Financial Services Committee. Shift in House Financial Serv...

Gold Rush Continues – Central Banks Purchased 44 Tonnes in November

Krishan Gopaul, senior analyst of the World Gold Council, revealed that central banks kept adding gold to their reserves during November. According to public records and reports from the International Monetary Fund (IMF), central banks added 44t of g...

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