The richest country in Southeast Asia has reportedly become the global leader in crypto adoption. Citing data from consultancy Henley & Partners, Bloomberg reports that Singapore is beating all other countries in embracing cryptocurrencies with the necessary infrastructure and rules the nation built for the digital asset industry. Singapore now has about 30 payments firms, …
Yearly archives: 2024
Ripple to begin global rollout of RLUSD stablecoin on Dec. 17
Ripple will launch its US dollar-pegged stablecoin, Ripple USD (RLUSD), on Dec. 17 on the XRP Ledger and Ethereum. According to the Dec. 16 announcement, each RLUSD token will be fully backed by US dollar deposits, government bonds, and cash equivalents. The stablecoin will initially be available on Uphold, Bitso, MoonPay, Archax, and CoinMENA. In …
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UK aims for balanced crypto regulation with FCA-led consultation
The UK Financial Conduct Authority (FCA) has initiated a public consultation aimed at refining regulations for crypto, according to a Dec. 16 statement. The initiative signals the FCA’s commitment to crafting a balanced framework that nurtures innovation while addressing risks in the crypto sector. It seeks to address pressing challenges, such as market abuse, financial fraud, …
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El Salvador grants Bitget a Bitcoin license amid $362 million profit boom
El Salvador’s Central Reserve Bank has officially granted Bitget a Bitcoin Service Provider (BSP) license, according to a Dec. 16 statement shared with CryptoSlate. This move grants the exchange legal authorization to facilitate Bitcoin-related services in the country, including converting Bitcoin to fiat currencies, processing Bitcoin payments, and securely managing Bitcoin custody. Meanwhile, the company …
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MicroStrategy marks sixth consecutive week of Bitcoin purchase with additional 15,350 BTC for $1.5 billion
Michael Saylor-led MicroStrategy has purchased 15,350 Bitcoin for $1.5 billion at an average price of $100,386 per coin, according to a Dec. 16 filing with the US Securities and Exchange Commission (SEC). This latest acquisition marks the sixth consecutive week of Bitcoin purchases by the company, which recently became part of the Nasdaq 100 index …
$3.2 billion crypto inflow marks 10-week streak as Trump election victory boosts confidence
CoinShares’ latest report showed that the crypto sector experienced $3.2 billion in inflow last week, extending its streak to 10 consecutive weeks of positive flows. This marks the longest streak of inflow this year. The inflow also brings total year-to-date flows to $44.5 billion, which is four times higher than any previous annual record. Trump’s election …
Viral ‘Peanut the Squirrel’ owner battles Binance over billion dollar PNUT memecoin
Mark Longo, known for his viral pet Peanut the Squirrel, has issued a “cease and desist” letter to Binance for the unauthorized use of his intellectual property. On Dec. 16, Longo took to his X account, Squirrel_Dad, to reveal his legal actions while alleging that Binance used images and stories tied to his animals without …
From Crypto Genius to Centi-Billionaire: Satoshi Nakamoto’s Wealth Soars
On Dec. 16, just one day after bitcoin hit its peak price of $106,533 per coin, the top crypto asset is now cruising at $106,300 per unit. With BTC’s value sky-high, Satoshi Nakamoto, Bitcoin’s mastermind, has joined the elite club of centi-billionaires, rubbing shoulders with the planet’s 20 richest folks. Centi-Billionaire Satoshi Nakamoto: The Silent …
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BTC Mania: Bitcoin’s Meteoric Rise Past $107,000
Bitcoin (BTC), the world’s leading cryptocurrency, soared to an unprecedented all-time high of $107,140, driven by a confluence of factors reshaping global markets. Bitcoin Smashes Records: $107,140 and Counting This latest price milestone on Monday highlights the growing prominence of digital currencies as mainstream financial assets. Key contributors to bitcoin‘s surge include increased institutional adoption …
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Bitcoin Breaks $106,000 as Investors Pour Funds into WEPE, STARS Presales
After hovering just below the $100,000 line throughout the second half of November and early December, Bitcoin managed to soar past the historical milestone on December 5th. Although its price has fluctuated since, the leading cryptocurrency recorded a new high today when it briefly went past $106,000. Investors are now looking for other cryptos with …
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With BTC Firmly Above $100K, Forgotten Sleeping Bitcoin Wallets Spring to Life
With bitcoin dancing well above the $100,000 mark since Dec. 11, occasionally dipping its toes below, a slew of long-sleeping bitcoin wallets have been springing back to life. Bitcoin’s $100K Plateau Brings Forgotten Fortunes Back Into Circulation Over the past four days, bitcoin (BTC), the crypto king by market cap, has been cruising well over …
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Bitcoin Technical Analysis: Resistance at $106K Sparks Fierce Bull-Bear Battle
Bitcoin’s price held steady at a dazzling $105,080 on Monday, Dec. 16, 2024, with a daily trading volume of $90.85 billion and a market cap hitting $2.05 trillion, while the leading crypto asset by market cap danced between $102,593 and $106,533 throughout the last day. Bitcoin Bitcoin keeps riding the wave of a grand bullish …
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Semler Scientific Acquires Another 211 Bitcoin for $21.5 Million, Raises Holdings to 2,084 BTC
The addition of 211 bitcoin has seen Semler Scientific double its bitcoin balance in Q4 alone, raising its bitcoin yield to 92.8%. Semler Makes Another Addition to Growing BTC Balance Semler Scientific has announced another purchase of 211 bitcoin for $21.5 million. According to a Dec. 16 press release, Semler purchased the additional bitcoin with …
Bitget Token BGB can hit $5 – is it the next BNB?
On December 11, Bitget Token (BGB) climbed to a new all-time high, hitting $3.37 toward the $5 mark, and has gained 10.4% in the last 24 hours, showcasing a strong upward trend. With the optimism to the growing adoption of the Bitget ecosystem and sustained investor confidence, analysts estimated BGB’s price could hit $5 in …
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Out-of-Control Surge in US National Debt Fueling Bitcoin Rallies, Says Anthony Pompliano
The founder of venture capital firm Pomp Investments says that mounting US national debt is helping push Bitcoin (BTC) to new heights. In a new interview with Fox Business, longtime crypto bull Anthony Pompliano says that as long as the US government keeps the money printers on, the top crypto asset by market cap will …