Cryptocurrency - news

Bitcoin market participants' views diverge wildly over the significance of the $100,000 BTC price milestone this week.

Aptos crypto is surging amid APT price growth, but the Network is spending aggressively on.. The post Aptos Spent $494 Million On Incentives: Is This Sustainable? Revenue Is Worryingly Low appeared first on .

Coinbase is reportedly exploring a partnership with Safaricom to enhance M-PESA with blockchain technology. This move aligns with Coinbase’s broader strategy of promoting crypto adoption in Africa, particularly in Kenya and Nigeria. Coinbase is also working with the Kenyan government to foster blockchain development and education. While regulatory uncertainties have previously hindered Coinbase’s operations in […]

Greengage & Co. Limited, a digital finance firm, has completed the first external debt instrument transaction on the Coinbase Diamond tokenization platform, operating under the regulatory oversight of the Abu Dhabi Global Market (ADGM).Project Diamond Advances Blockchain IntegrationThe transaction represents a key development for Project Diamond, which seeks to integrate blockchain technology with asset management. Project Diamond leverages smart contracts to improve transparency and efficiency in financial systems."The successful completion of this transaction is a testament to Coinbase's mission of creating an open financial system,” Marcel Kasumovich, Deputy CIO at Coinbase Asset Management, commented. “This collaboration with Greengage under the purview of ADGM allows us to innovate responsibly, ensuring that technological advancements align with regulatory compliance and investor protection."Deal Executed Under ADGM FrameworkAccording to Greengage's press release, the deal [...]

Sky Mavis co-founder and CEO Trung Nguyen said resources freed up from the layoffs will be used in a new Axie Infinity game and other projects. 

In a new analysis, prominent crypto analyst Miles Deutscher unveiled his thesis on a crypto he believes could rival Dogecoin in this market cycle. With a following of over 550,000 on X and 208,000 YouTube subscribers, Deutscher’s insights carry significant weight in the crypto community. Titled “I Just Found The Next DOGE! [10X Potential… Or More?],” Deutscher’s video explores the untapped potential of Luckycoin (LKY)—a meme coin that not only predates Dogecoin but was instrumental in its creation. “Dogecoin was originally a fork of a cryptocurrency called Luckycoin, itself a fork of Litecoin,” Deutscher highlighted, referencing Dogecoin’s official website. This connection places Luckycoin at the very foundation of Dogecoin’s existence. Is Luckycoin The ‘Next Dogecoin’? To substantiate his claim, Deutscher cited a podcast featuring Jackson Palmer, co-creator of Dogecoin. Palmer stated: “You know, you were asking me before the show, like, why was there a decision to fork Luckycoin, [...]

Howard Lutnick, Chairman and CEO of Cantor Fitzgerald and President-elect Donald Trump’s pick for Commerce Secretary, is reportedly in discussions with Tether to launch a $2 billion project to lend US dollars to clients using Bitcoin as collateral, according to Bloomberg. While no official confirmation has been made, the program is anticipated to eventually scale to tens of billions.“Tether Investments is looking to use part of the profits generated in the past years for different opportunities,” Tether stated in an emailed response to Reuters, neither confirming nor denying the possibility of the Bitcoin lending project.Talks Following a Major InvestmentA separate report by The Wall Street Journal revealed that Cantor Fitzgerald acquired a 5 per cent ownership stake in Tether over the past year, valued at $600 million.In addition to the investment, Cantor and Tether are already collaborating on business activities. Tether reportedly holds billions of dollars worth of US Treasuries [...]

Over the past week, Stellar native cryptocurrency, XLM, has experienced a solid 180% increase, causing a stir in the cryptocurrency market. As the token approaches its all-time peak, investors and analysts are abuzz with excitement. Related Reading: XRP Below $1? Not Happening, Claims Millionaire Analyst Stellar’s market capitalization has reached $17.3 billion, surpassing Shiba Inu and approaching the top 10 cryptocurrencies, following an impressive 480% increase in the last month. Many people are wondering if XLM can keep up this impressive performance or if it is about to take a turn for the worse. The path of the token is definitely interesting, even though experts seem to have different opinions. #XLM price has increased by over 480% in the past 30 days and more than 180% in the past 7 days. Currently, #Stellar is trading at $0.566, meaning it is only a few steps away from reaching its previous all-time high. pic.twitter.com/SrdPgDAoio — Cryptowizard101 (@realwizard101) November [...]

The Securities and Exchange Commission (SEC) collected a record $8.2 billion in recoveries and fines in fiscal year 2024, driven by its action against algorithmic stablecoin issuer Terraform Labs and its CEO, Do Kwon. The total remedies amount jumped by 65.5 percent from the previous fiscal year.Crypto Was the Top ContributorThe regulator highlighted that 56 per cent of its total remedies came from Terraform Labs and Kwon. The crypto company and its CEO settled with the regulator for securities fraud charges, agreeing to pay $4.5 billion in recovery and civil penalties earlier this year.The lawsuit against Terraform Labs was one of several high-profile actions brought by the regulator against crypto companies. Another prominent lawsuit against Ripple Labs concluded this year with an order of $125 million against the blockchain company, which has since appealed. Additionally, the regulator had sought $1.95 billion from the San Francisco-based crypto payments firm.Out of the total [...]

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we explore a proposal by Max Keiser that would make El Salvador a pioneer in nation-state debt issuance to purchase bitcoin. Latam Insights Encore: El Salvador Can Follow Microstrategy’s Playbook and Be […]

Solana started a fresh increase above the $240 zone. SOL price is consolidating gains and might aim for an upside break above the $255 resistance. SOL price started a fresh increase after it settled above the $220 level against the US Dollar. The price is now trading below $255 and the 100-hourly simple moving average. There is a short-term bearish trend line forming with resistance at $252 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $255 zone. Solana Price Eyes More Upsides Solana price formed a support base and started a fresh increase above the $232 level beating Bitcoin and Ethereum. There was a strong move above the $245 and $250 resistance levels. The price even cleared the $260 level. A high was formed at $2648 and the price is now consolidating gains. There was a move below the $260 and $255 levels. The price dipped below the 50% Fib retracement level of the upward move from the $230 swing low [...]

A U.S. federal judge declined the SEC’s request to sanction Elon Musk over his absence from a court-ordered testimony related to his $44 billion acquisition of Twitter. Judge Jacqueline Scott Corley ruled sanctions unnecessary as Musk testified on Oct. 3 and reimbursed the SEC $2,923 for travel expenses. The SEC argued Musk violated a May […]