Bitcoin’s surge attracts tax vultures, BTC ruled a commodity in China but legal risks abound, Vitalik Buterin meets Moo Deng: Asia Express.
Yearly archives: 2024
Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum
Cryptocurrency analyst and trader Michaël van de Poppe is leaning bullish on one top-50 altcoin by market cap while offering his insight on Bitcoin (BTC) and Ethereum (ETH). Starting with Stacks (STX), Van de Poppe tells his 738,800 followers on the social media platform X that the native token of the Bitcoin layer-2 project could …
Bitcoin Just a Step Away From a Major Bullish Milestone, Says Glassnode Co-Founders – But There’s a Catch
The co-founders of market intelligence platform Glassnode say that once Bitcoin (BTC) hits the $100,000 milestone, investors could start taking profits. In a new thread, Glassnode founders Jan Happel and Yann Allemann – who go by the handle “Negentropic” – tell their 63,200 subscribers on the social media platform X that the crypto king could …
USDC and CCTP To Launch on Aptos, With Stripe Adding Aptos Support in Crypto Products
November 21, 2024 – Palo Alto, California Integration to enhance DeFi use cases on Aptos, expand interoperability and streamline global payment solutions for merchants. Aptos Foundation today announced the upcoming integration of Circle’s native USDC and CCTP (cross-chain transfer protocol) on the Aptos Network, as well as Stripe adding support for Aptos in its crypto …
Ike Goes Live on Mainnet – Unlocking Liquid Staking on Aleph Zero
November 21, 2024 – London, United Kingdom Ike is proud to announce the official launch of its LST (liquid staking token) – sA0 – on Aleph Zero. This milestone provides the Aleph Zero community with a new way to engage with the network by offering staking flexibility without compromising on rewards. What is sA0 SA0 …
Continue reading “Ike Goes Live on Mainnet – Unlocking Liquid Staking on Aleph Zero”
First Day of BlackRock’s IBIT ETF Options Sees $1,900,000,000 in Exposure: Bloomberg Analyst
Options on investment titan BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) debuted on the Nasdaq on Wednesday. In a post on social media platform X, Bloomberg Intelligence ETF analyst James Seyffart says options on BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw nearly $1.9 billion in notional exposure on day one of trading. Option contracts give …
CFPB spares self-hosted crypto wallets from new fintech regulations
The Consumer Financial Protection Bureau (CFPB) has finalized a landmark rule expanding its oversight to fintech payment apps but notably excluding self-hosted crypto wallets. Blockchain advocates have hailed this decision as a win for decentralized finance (DeFi). The finalized rule targets large nonbank payment platforms processing over 50 million annual US dollar transactions, a move …
Continue reading “CFPB spares self-hosted crypto wallets from new fintech regulations”
Polygon’s Sandeep Nailwal warns memecoin rug pulls like QUANT may invite regulatory crackdown
Sandeep Nailwal, the Ethereum layer-2 network Polygon co-founder, has voiced concerns that the growing trend of memecoin scams could attract regulatory scrutiny. Nailwal highlighted these risks in a Nov. 21 post on X, pointing to recent incidents as potential triggers for government intervention in the crypto space. QUANT controversy Nailwal’s remarks were prompted by a …
Cryptocurrency clarified to be personal property in China, remains barred for businesses
A recent ruling by the Shanghai Songjiang People’s Court has clarified that owning cryptocurrencies is not illegal in China. The Nov. 18 judgment established that digital assets have “property attributes” under Chinese law. However, their use is strictly limited to personal ownership and as commodities, not as legal tender or investment tools. Judge Sun Jie …
South Korea links major crypto heist to North Korea, recovers Bitcoin
South Korean authorities have successfully recovered 4.8 Bitcoin (BTC), which was linked to the 2019 hack of the Upbit exchange, local media outlet Yonhap News reported on Nov. 21. The incident, in which North Korean hackers stole 342,000 Ethereum (ETH), was among the most significant cyberattacks targeting a cryptocurrency platform. The stolen Ethereum, valued at …
Continue reading “South Korea links major crypto heist to North Korea, recovers Bitcoin”
Sui network outage triggers 7% price drop despite broader bull market
Update: Sui said the blockchain network “is back up and processing transactions again.” The team attributed the outage to “a bug in transaction scheduling logic that caused validators to crash.” Layer-1 blockchain, Sui, has confirmed that its network is currently down and unable to process transactions. In a Nov. 21 statement, the team behind Sui …
Continue reading “Sui network outage triggers 7% price drop despite broader bull market”
From Bitcoin to AI: Core Scientific’s $6.1 Billion Denton Transformation
Core Scientific is converting its cryptocurrency mining campus in Denton, Texas, into a $6.1 billion data center hub for artificial intelligence (AI) workloads, signaling a shift in its business strategy amid increasing demand for AI-driven computing. Core Scientific’s Denton Campus to Host $6.1 Billion AI Project Core Scientific’s (Nasdaq: CORZ) revised lease agreements and power …
Continue reading “From Bitcoin to AI: Core Scientific’s $6.1 Billion Denton Transformation”
Dormant Bitcoin Whale Awakens: 500 BTC Moved After 8 Years, $5.7M Sent to Gemini
On Thursday, bitcoin (BTC) hit $98,367 per coin before sliding to $96,524. That same day, a dormant whale from 2016 stirred after eight years, spending a hefty 500 BTC, now valued at $48.26 million. Long-Term Holders Come out of the Woodwork Long-term holders (LTHs) are stepping into the spotlight as bitcoin’s price ascends. Glassnode’s latest …
Continue reading “Dormant Bitcoin Whale Awakens: 500 BTC Moved After 8 Years, $5.7M Sent to Gemini”
AI Predicts When XRP Could Hit $5, Gives Bullish Forecast for New Altcoin STARS
Traders worldwide are turning to ChatGPT for insights and fresh ideas in the crypto market. The AI model has given its take on XRP – suggesting the token could hit $5 sooner than many think. It also had some exciting things to say about Crypto All-Stars, a presale project that’s raised over $4.8 million so …
Continue reading “AI Predicts When XRP Could Hit $5, Gives Bullish Forecast for New Altcoin STARS”
Ethereum Rallies 7%, Outshines Bitcoin’s Modest Climb – Is the Tide Turning?
On Thursday, Nov. 21, ethereum (ETH) took the lead, climbing over 7% while bitcoin managed a 3% increase. Ether Dominance Shrinks, But Today It Steals the Spotlight from Bitcoin This year has been a rocky road for ethereum (ETH), but on Thursday, the digital asset reached an intraday peak of $3,362 per ether. As of …
Continue reading “Ethereum Rallies 7%, Outshines Bitcoin’s Modest Climb – Is the Tide Turning?”