Category: crypto

Tether invested $150 million in Gold.com, acquiring a 12% stake to expand access to tokenized and physical gold. The investment aims to strengthen Tether’s XAU₮ gold-backed digital asset and deepen the partnership between the two companies. Gold.com will invest $20 million in XAU₮ and explore integrating stablecoins into its platform.

Veteran trader Peter Brandt believes Bitcoin may be close to hitting a downside floor, with losses potentially limited near the $42,000 level based on past bear market patterns. Brandt references a historical “banana peel” support zone on his chart as a key area of potential support. Despite ongoing selling pressure in the crypto market, Brandt…

Binance is collaborating with various countries to launch stablecoins pegged to local currencies, aiming to expand beyond US dollar-pegged tokens. This move could reshape the stablecoin market, with banks, fintechs, and exchanges joining in these projects. CZ believes each fiat currency should be represented on the blockchain for a multi-fiat stablecoin landscape.

Secure Digital Markets completed a $1 million Bitcoin transaction to Kraken over Lightning on Jan. 28, marking the largest publicly reported Lightning payment. The transaction settled instantly with minimal fees, showcasing Lightning’s readiness for institutional-size payments. This pilot project demonstrates Lightning’s potential for high-value settlement between regulated counterparties and faster exchange payments.

Marathon Digital Holdings, a major Bitcoin mining company, moved around $87 million worth of Bitcoin in a 10-hour period amid a market sell-off. The transfers were sent to institutional services, custodial wallets, and a new address. This activity raised speculation due to the market downturn and decline in Marathon Digital’s stock.

BlackRock’s iShares Bitcoin Trust holds a significant amount of BTC, raising concerns about centralization and key management. Security researchers warn of future quantum decryption threats. BMIC offers post-quantum wallet security to mitigate these risks. Institutional demand for Bitcoin is increasing, highlighting the need for enhanced security measures in the cryptocurrency industry.

Bitcoin Core maintainer Gloria Zhao has revoked her signing PGP key and stepped down after six years of mempool-focused work that reshaped transaction policy. She was the first known woman in this role and was backed by organizations such as Brink, the Human Rights Foundation, and Spiral.

Analyst Sherlock predicts Bitcoin could drop to $38,000 based on historical patterns of drawdowns, with a potential 70% decline. Critics argue for a smaller 55%-60% correction due to institutional support. Sherlock warns against trying to time the bottom as Bitcoin trades at levels last seen in October 2024.

Cardano founder Charles Hoskinson addressed a sharp crypto sell-off, warning of further losses and emphasizing that short-term price fluctuations do not affect the long-term potential of blockchain-based financial systems. He highlighted Cardano’s progress towards commercialization and urged the crypto community to focus on building despite market volatility.

An internal error at South Korean crypto exchange Bithumb resulted in the accidental distribution of 2,000 Bitcoin to users instead of a small reward, causing a sharp price drop on the platform. The incident led to Bitcoin trading at a 10% discount on Bithumb compared to other exchanges, triggering uncertainty about fund recovery.