Category: crypto

Bitcoin Depot Inc. is facing legal and financial challenges after its Canadian subsidiary was issued an $18.47 million arbitration award due to defective hardware and software affecting Cash Cloud-operated Bitcoin ATMs. The company plans to challenge the award while also dealing with a U.S. bankruptcy lawsuit, amid mixed financial performance.

Ozak AI’s cryptocurrency project, focusing on AI applications, has progressed through seven phases of its token presale with rising token prices. The platform integrates AI-driven yield optimization and smart contracts. A partnership with Phala Network aims to build secure AI prediction models. Investors who purchased tokens early have accumulated larger holdings.

The Trump administration is negotiating a trade agreement to expand Taiwanese semiconductor manufacturing in the U.S. with billions in investment and Taiwanese workers. The deal aims to reduce U.S. reliance on foreign-made semiconductors, but details like investment amounts, timelines, and participating companies are still unclear.

Bybit Ltd. has launched a fully regulated peer-to-peer trading platform in Kazakhstan, the first of its kind in the country. The platform requires full KYC and AML checks, offers zero-commission trades, and operates in partnership with licensed financial institutions. A promotional campaign for new users is also available.

PayPal is hosting a cryptocurrency sweepstakes in the U.S., offering Bitcoin prizes to customers. Users earn entries for transactions on the platform, with a maximum of 10 per week. Winners will receive various amounts of Bitcoin. PayPal aims to promote crypto adoption through this initiative, leveraging its existing platform.

Strategy is reassuring investors that its Bitcoin holdings far exceed its debt, with a 5.9x asset-to-liability ratio at average purchase price and 2.0x ratio even in a severe crash. Despite falling stock prices and removal from the S&P 500, Strategy remains confident in its strategy and continues to accumulate Bitcoin.

Retail Bitcoin traders are losing sleep due to the volatility of the crypto market. A survey by exchange CEX.io found that 68% of traders check prices in bed almost every night, leading to sleep deprivation and poor trading decisions. Market swings peak during sleep hours in Europe, the Middle East, and Africa, impacting traders’ ability…

Bitcoin surpassed $90,000 and held the breakout despite volatility in the crypto market. Technical indicators show BTC trading below key moving averages, suggesting pressure on the broader trend. Short-term buying pressure has not been enough to sustain breakouts above resistance levels. The market remains reactive with rapid reversals.

Ethereum attempted to break through a key resistance level but failed, resulting in a 26% drop in November. Large holders increased positions while smaller traders reduced theirs. The upcoming Fusaka network upgrade on December 3 could impact the asset’s price. Analysts are divided on whether Ethereum will soar or remain range-bound.

Securitize has obtained full approval from the European Union to operate a regulated tokenized trading and settlement system under the DLT Pilot Regime. The platform will run on Avalanche and connect with Securitize’s U.S. infrastructure. This approval allows Securitize to be among the first companies to operate a blockchain-based market infrastructure in the EU.