Bitcoin saw a major price rise as institutional investors dumped huge cash into the cryptocurrency market, signifying a shift in attitude. In particular, spot Bitcoin ETFs attracted around $1 billion of investments. The Ethereum ETFs added $128.72 million, which shows that large investors are still interested in ETFS. Volumes shot ... Read more
Bitcoin is in the process of testing one of the most important resistance levels, which has brought some hope back into the market. The cryptocurrency has recently managed to overcome a critical level on the hourly chart, opening the way for a new surge. This comes after a CME gap ... Read more
Metaplanet, a Japan-based venture capital firm, plans to increase its Bitcoin reserve fivefold to 10,000 BTC by 2025. The ambitious move also comes as some bullish market predictions suggest that Bitcoin may jump past $200,000 over the next year. In 2024, Metaplanet emerged as one of the most notable companies ... Read more
Bitwise Asset Management’s CEO, Hunter Horsley, believes the expected revival of mergers and acquisitions (M&A) activity under the Trump administration is a strong catalyst for cryptocurrency adoption. According to Horsley, the essential value proposition of decentralized systems such as crypto becomes even clearer as big companies get bigger. M&A has ... Read more
A recent cyberattack on Babylon X’s official account has sent shockwaves around the Cosmos Zone ecosystem. The hackers compromised the account and sent phishing links to unwary users. Though the malicious posts are already gone, it is still uncertain if full account control has been restored. Meanwhile, users have been ... Read more
Apecoin (APE) has shown impressive recovery from its low in August 2024 with the coin’s value increasing by 355% by December 2nd. After this bullish price action, a minor reversal, and then a positive outlook has been restored once again. In a recent post on X, Alan Santana pointed out ... Read more
Ripple, the enterprise blockchain powerhouse, has taken another important step in its stablecoin strategy. The company announced the minting of an additional 600,000 Ripple’s stablecoin pegged to the U.S. dollar (RLUSD) tokens, further cementing its position in the evolving stablecoin market. This development was shared via the Ripple Stablecoin Tracker ... Read more
Solana developers introduced a quantum-resistant vault intended to protect users’ funds against the potential threat of emerging quantum computing technology. The important solution dubbed the “Solana Winternitz Vault,” employs advanced cryptography to outsmart the developing quantum computing abilities. The Winternitz Vault relies on an advanced hash-based signature scheme that generates ... Read more
The IRS has extended the implementation of new rules on the taxation of cryptocurrencies until December 31, 2025. This delay will help the brokers and centralized exchanges to meet the new guidelines set for them. It provides an escape from potential increasing taxes that could have been imposed by the ... Read more
Bitcoin (BTC) surged 3% in the last 24 hours to a month-high of $97,822 after trading below the $95,000 level for over a week. At the time of writing, Bitcoin changes hands at $96,388, with a 24-hour trading volume of $68.32 billion, a market cap of $1.91 trillion, and a ... Read more
