It’s not clear if all derivative assets that require bitcoin as collateral are fully backed as many assume. Is the Bitcoin Derivative Asset Market Built on a House of Cards? Some bitcoin (BTC) derivatives that claim to be fully backed by the cryptocurrency could be on shaky ground, according to a blog post by Bitcoin …
Continue reading “Wrapped Bitcoin Derivatives: Concerns Around Lack of Transparency Emerge”
FV Bank, a U.S.-licensed digital bank, has announced the integration of Paypal USD (PYUSD), a stablecoin, into its banking platform. This addition expands the bank’s stablecoin offerings, enabling direct deposits and outbound payments for account holders. FV Bank Enables Paypal Stablecoin for Instant Cross-Border Payments FV Bank‘s newly implemented feature allows customers to receive PYUSD …
Continue reading “FV Bank Integrates Paypal’s PYUSD Stablecoin for Real-Time Transactions”
PRESS RELEASE. The battle for supremacy in the cryptocurrency market is often marked by innovation, bold ideas, and game-changing technology. But if you’re keeping an eye on Ethereum’s sluggish performance, you might be distracted from one of the most exciting developments in crypto right now—the Lightchain AI presale, now in Stage 12 and rapidly closing …
Continue reading “Ethereum Price Lags Behind Lightchain AI Presale as the Testnet Launch Draws Near”
A look at Bitdeer’s operational update revealed a drop in its mining output in Dec. 2024, although its bitcoin holding remains healthy. Bitdeer Repays $10 Million Principal Balance on Senior Notes Despite Drop in BTC Production Bitdeer’s latest mining and operational update showed that its self-mining output in Dec. 2024 was 145 BTC, a 3% …
Continue reading “Bitdeer Reports a 3% Drop In Self-Mined Bitcoin Production”
Law enforcement in Thailand’s Chon Buri province recently seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity. Modified Meters Used to Aid Electricity Theft On Jan. 8, law enforcement agents in Thailand’s Chon Buri province seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity from …
Continue reading “Thai Authorities Seize Nearly 1,000 Bitcoin Miners in Electricity Theft Bust”
Despite the decline in BTC mining output, Bit Digital increased its BTC and ETH holdings through diversification in both assets. Strategic Diversification Key to Bit Digital Crypto Holdings Bit Digital, a bitcoin mining firm produced 32.4 BTC in Dec. 2024, a 27.8% drop from the previous month. This is according to the company’s production update …
Continue reading “Bit Digital’s Crypto Holdings Increase to 742 BTC and 27,624 ETH”
PRESS RELEASE. January 9th, 2025 –– Rena Labs, the startup aiming to enable the next generation of autonomous and verifiable AI solutions, has announced the successful closure of a $3.3 million pre-seed funding round led by Paper Ventures. The company attracted investment from a number of high-profile venture capital firms, among them Lightspeed Faction, Eterna …
Continue reading “Rena Labs Secures $3.3M Funding to Pioneer Trustless On-Chain AI Solutions”
XRP’s market structure suggests that the altcoin is gearing up for a run to new all-time highs.
Ripple president Monica Long thinks additional crypto exchange-traded fund (ETF) approvals will usher in another big year for digital assets in 2025. Long predicts in a new interview with Bloomberg Crypto that “various crypto spot ETFs” will receive a seal of approval in the US this year. The Ripple president also says payments-focused altcoin XRP …
A closely followed crypto analyst says that Bitcoin (BTC) could see a sharp decrease if it fails to hold a crucial zone of support. In a new strategy session, crypto trader Ali Martinez tells his 110,700 followers on the social media platform X that sell pressure could see the crypto king plunge all the way …
Ethereum (ETH)-based games developer Illuvium (ILV) just announced that it is joining hands with Virtuals Protocol, a platform that allows users to create their own artificial intelligence (AI) agents that are capable of performing tasks autonomously. In a series of posts on social media platform X, Illuvium says the partnership will allow it to tap …
A gaming blockchain built over Ethereum (ETH) is joining forces with a crypto conversion service to streamline how traders purchase non-fungible tokens (NFTs) and digital assets. According to a new press release, play-to-earn gaming platform Ronin (RON) is inking a partnership with Transak, a platform that lets investors purchase NFTs and the ecosystem’s tokens using …
A man from Guelph, Ontario reportedly lost large amounts of money to a cryptocurrency scam after meeting someone who pretended to be his long-lost friend. Citing information from Guelph Police Service spokesperson Scott Tracey, CBC reports that the scheme started in an online chat forum where the victim connected with a person whom he came …
Continue reading “Man Loses $188,000 in Crypto Scam to Fraudster Posing As Childhood Friend: Report”
Circle has donated $1 million of its USDC stablecoin to the inaugural committee for President-elect Donald Trump. On Jan. 9, Circle’s CEO, Jeremy Allaire, expressed the company’s excitement about contributing to the growth of what he described as a great American enterprise. Allaire further emphasized the significance of the committee’s accepting payment in USDC, noting …
Continue reading “Circle donates $1 million in USDC to Donald Trump’s inaugural committee”
Standard Chartered has obtained a license to provide crypto custody services in Luxembourg, according to a Jan. 9 statement. The approval falls under the Markets in Crypto-Assets (MiCA) framework, which provides a unified regulatory approach for crypto businesses across the European Union. MiCA requires companies to obtain a Crypto Asset Service Provider (CASP) license from …
