Category : Bitcoin.com

Bitcoin.com

US Lawmaker: Crypto Is Not the Problem, Bad Actors That Exist in Every Industry Are

U.S. Senator Cynthia Lummis has defended crypto against claims that the asset class is heavily used in illicit finance. Emphasizing that “Crypto is not the problem, bad actors that exist in every industry are,” the lawmaker pointed out th...

US Government Remains Hostile Toward Crypto Despite Ripple’s SEC Win, Says CEO

Ripple’s CEO says the U.S. government is still hostile toward crypto despite the cryptocurrency firm’s victory against the U.S. Securities and Exchange Commission (SEC). “Until that changes, the banks in the United States are not going to engag...

Rich Dad Poor Dad Author Robert Kiyosaki Reveals Why He Keeps Buying Bitcoin

Robert Kiyosaki, the author of best selling book Rich Dad Poor Dad, has revealed why he keeps buying gold, silver, and bitcoin. “Our leaders want more war and poverty,” he stressed, noting that the three investment types provide...

Economist Peter Schiff: Complete Separation of US-China Economies Would Be ‘a Disaster for America’

Economist Peter Schiff has warned that a complete separation of the Chinese and U.S. economies would be “a disaster for America, but a boon for China.” He explained: “Americans would be stuck with fewer goods and higher prices, while the Chines...

Solana’s Rally Hits 184% Gain in 30 Days as $19M in SOL Shorts Liquidate in 24 Hours

This weekend, the crypto community’s buzz centered on solana (SOL) and its notable surge in value against the U.S. dollar over the previous week. SOL has posted an 11% gain in the last 24 hours, with a striking 45.2% uptick over the week, asce...

Arthur Hayes Insists Bitcoin Has ‘Proven to Outperform Bonds During Times of War’

In an environment of surging U.S. deficits and monetary easing, former Bitmex CEO Arthur Hayes delivered a critical review this week of Treasury Secretary Janet Yellen’s fiscal and monetary strategies. Hayes highlighted the complexity and rise...

Moody’s Downgrades US Credit Rating to ‘Negative’ on Fiscal Deficits and Debt Concerns

The credit agency Moody’s has revised the United States credit outlook to “negative” from “stable” due to concerns over persistent large fiscal deficits and diminishing debt affordability. The announcement follows a prev...

Gamefi Tokens’ Valuation Swells by $4.5 Billion, Eclipsing AI Crypto Sector’s Growth

Over the last month, the crypto market has seen appreciable gains, reaching a valuation of $1.4 trillion. Certain areas, however, have registered more pronounced increases against the U.S. dollar. Data reveals that the top gaming tokens from the game...

Weekly Market Recap: Crypto Economy Surges to $1.4T as FTT and ORDI Outshine the Rest

This week, the crypto economy climbed to the $1.4 trillion range as dozens of virtual assets witnessed gains. From November 4 to Saturday, November 11, 2023, several crypto assets recorded triple-digit weekly gains, and a great deal captured double-d...

European Union Finalizes Digital ID Wallet Agreement, Hints at Digital Euro Integration

The European Parliament and the Council of the European Union (EU) have finalized the agreement that will allow the implementation of a continent-wide digital ID wallet program. The agreement, which needs to be ratified at the parliamentary level, wo...

Bank of Russia to Develop Digital Ruble Payment System With the UAE

The Bank of Russia has announced it will create a joint payment system with the United Arab Emirates (UAE) using the digital ruble. Bank of Russia’s First Deputy Governor Olga Skorobogatova stated that the system would serve individuals and bus...

Standard Chartered’s SC Ventures Partners With SBI to Establish Digital Asset Joint Venture in UAE

Standard Chartered’s ventures arm, SC Ventures, and Japanese conglomerate SBI Holdings are collaborating to establish a digital asset joint venture in the United Arab Emirates (UAE). “The joint venture will focus on investing in companies...

Grayscale ‘Constructively Engaging’ With SEC on Spot Bitcoin ETF, Says CEO

Crypto asset manager Grayscale Investments is “constructively engaging” with the U.S. Securities and Exchange Commission (SEC) regarding its application to convert its flagship bitcoin trust into a spot bitcoin exchange-traded fund (ETF),...

US Regulator CFTC Files Record Number of Crypto Enforcement Actions This Year

The Commodity Futures Trading Commission (CFTC) has revealed that it filed a record number of crypto enforcement actions this fiscal year. “In FY 2023, the CFTC brought 47 actions involving conduct related to digital asset commodities, represen...

Nigerian Central Bank Dismisses Old Naira Banknote and Cash Shortage Rumors

The Nigerian central bank has dismissed rumors suggesting that the previously demonetized naira banknotes are no longer legal tender. According to the bank, all banknotes it has ever issued remain legal tender and “should not be rejected by any...

ETH to Surpass $5,800 by End of 2025 — Experts See Lowest Price of $1,352 in 2023

The U.S. dollar value of the cryptocurrency ether is predicted to end the year averaging $1,840 and $5,824 by the end of 2025, the latest Finder’s prediction report has said. Regulatory uncertainty and a challenging macroeconomic environment a...

CME Bitcoin Futures Open Interest Climbs Past Binance, Indicating Growing Institutional Demand

The open interest for bitcoin futures on the CME Group has outstripped that of Binance’s futures market, with the former reaching an open interest of $4.06 billion and the latter at $3.87 billion, as bitcoin’s value climbs to new peaks....

Publicly-Listed Bitcoin Miner Bitdeer Expands Into AI With Nvidia

Several bitcoin mining enterprises are shifting their focus to artificial intelligence (AI) computing and cloud services. In a recent development, the publicly traded blockchain and high-performance computing company Bitdeer, disclosed its expansion...

Binance Launches Web3 Wallet to ‘Lower the Barrier’ for Self Custody

Binance has announced the launch of a new “self-custody” Web3 wallet aimed at simplifying the user experience and protecting user funds when using decentralized apps. The wallet features multi-party computation (MPC) tech, which Binance a...

Tether Achieves Lifetime High With $86.51B Valuation; Tron Version Surpasses ETH in Several Metrics

This week, the leading stablecoin by market capitalization attained a valuation of $86.51 billion, following a supply surge of 3.6% in the past month. Currently, the Tron network holds approximately 45.82 billion USDT, while the Ethereum blockchain i...

Fed Chair Powell’s Hawkish Tone Rattles Markets as Inflation Concerns Persist

Amid an uncertain economic landscape, Federal Reserve Chair Jerome Powell’s recent remarks have amplified the debate on the sufficiency of prevailing interest rates. Even with robust gross domestic product growth, Powell’s address indic...

Bitcoin Soars to Become 11th Largest Global Asset, Nearing Berkshire Hathaway’s Valuation

The value of bitcoin (BTC) climbed over 38% against the U.S. dollar in the past six months, registering a 125% increase year-to-date. Riding high at a peak not seen in 18 months, bitcoin’s market capitalization has ascended to become the eleve...

Poloniex Hit by $114 Million Hot Wallet Heist; Justin Sun Pledges to Recover Funds

Onchain data and reports have highlighted unusual outflows from cryptocurrency exchange Poloniex, prompting concerns of a possible hot wallet breach worth approximately $114 million. Justin Sun, the exchange’s proprietor and Tron’s crea...

Bitcoin, Ethereum Technical Analysis: Bullish Trends and Overbought Signals in BTC and ETH

While global equities slumped following the speech from U.S. Federal Reserve chairman Jerome Powell on Thursday, crypto markets held strong with an overall market valuation of $1.4 trillion on Friday, November 10, 2023. Bitcoin and Ethereum Navi...

Maximizing Efficiency in High Fee Environments: A Guide to Bitcoin UTXO Consolidation

In an era where bitcoin transaction fees can soar unexpectedly, managing your unspent transaction outputs (UTXOs) is crucial for minimizing costs. Bitcoin users with multiple UTXOs can face hefty fees for future transactions, which depletes the value...

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