Category: crypto

Bitcoin’s price surged above $93k, leading to the liquidation of short positions worth $652 million across the market. This spike in price caused losses for traders betting against Bitcoin’s price, as the cryptocurrency continued to rally.

PayPal is launching a rewards program for US users holding its PYUSD stablecoin, offering up to 3.7% interest annually. The program will start this summer on both PayPal and Venmo platforms. PYUSD can be converted into fiat or other cryptocurrencies and used for purchases and transfers. PayPal aims to increase real-world usage of PYUSD by…

Binance is introducing new compliance measures for users in South Africa starting April 30. Users must provide detailed information about crypto transfers, including sender and recipient details. Failure to provide accurate information may result in blocked transactions. This effort is part of Binance’s global compliance strategy, including recent actions in India to strengthen user identification…

The Solana Foundation has implemented a new policy to reduce support for long-standing validators reliant on Foundation stake, encouraging community-backed operators. Validators with little external delegation or performance issues will be replaced. The goal is to strengthen community involvement, promote decentralization, and create a more efficient network.

The Alabama Securities Commission has withdrawn its legal action against Coinbase’s staking program, reducing active state lawsuits to five. The decision was made to allow time for evolving policy discussions and federal guidance on regulatory frameworks. Coinbase’s chief legal officer hopes other states will follow suit, emphasizing the need for a unified legal framework for…

Former BitMEX CEO Arthur Hayes predicts Bitcoin will reach new all-time highs due to US Treasury buybacks injecting liquidity. He believes recent market turmoil and Treasury policies resemble conditions before previous Bitcoin rallies. Hayes sees a potential rise to $200,000 if deficits widen. Altcoins may follow Bitcoin’s surge after $110,000.

Ubisoft is collaborating with Immutable to develop Might & Magic: Fates, a strategy card game for mobile platforms. The game will integrate blockchain technology for digital asset ownership. Players can collect, trade, and strategize with customizable decks. The collaboration aims to attract both new players and long-time fans of the franchise.

Bitcoin briefly surpassed Google’s parent company Alphabet to become the world’s fifth most valuable asset, with a market cap of $1.87 trillion. This milestone highlights Bitcoin’s growing acceptance in traditional finance and makes it harder for institutional investors to ignore. Despite this, Alphabet has since regained its position, and Bitcoin’s market cap currently stands at…

Kuwait’s Ministry of Interior has banned Bitcoin mining due to excessive power consumption and violations of national regulations. The government warned that mining operations breach multiple laws and threaten public safety. Officials urge miners to cease operations or face legal consequences, following a broader ban issued in 2023 by the Capital Markets Authority. Meanwhile, other…

Analysts on Crypto Twitter suggest that Bitcoin tends to follow global M2 with a 12-week lag, with recent evidence showing a potential price increase. However, various factors like ETF inflows and macro policy surprises can impact this correlation. Bitcoin’s price behavior is influenced by idiosyncratic flows, making it challenging to predict using macro models alone.…