Category: crypto
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Western Union pilots stablecoin settlement system to modernize remittances
Western Union is testing a stablecoin settlement system to improve the efficiency of remittances. The system aims to provide a faster and more secure way to transfer money internationally. This move is part of Western Union’s efforts to modernize its services and adapt to changing technology in the financial industry.
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SharpLink Gaming loads up Ethereum treasury with $78m as price reclaims $4,200
SharpLink Gaming has increased its Ethereum treasury by purchasing 19,271 ETH, bringing its total holdings to over 859,000 ETH valued at more than $3.6 billion. The company is among the top global corporate holders of Ethereum. With ETH trading near $4,240, bulls are eyeing a breakout above $4,250.
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Bitplanet begins Bitcoin treasury plan with 93 BTC purchase
South Korea’s Bitplanet has started a daily Bitcoin accumulation program, buying 93 BTC on Oct. 26 to build a 10,000 BTC treasury. This is Korea’s first regulated Bitcoin purchase by a listed firm. Bitplanet aims to become a Bitcoin treasury company, complying with regulations and strengthening governance systems.
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Crypto market shakes off record liquidation: Bitmine chair
Tom Lee of Bitmine Immersion Technologies believes that the worst of the recent crypto deleveraging event may be over, with a potential year-end rally in sight. Despite a significant liquidation triggered by U.S.-China tensions, Bitcoin and Ethereum are showing resilience, with improving technicals indicating market stabilization. JPMorgan’s plan to accept Bitcoin and Ether as collateral…
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Crypto is property, not just speculative asset
The Madras High Court in India ruled that cryptocurrency is considered property under Indian law. The ruling came from a case involving the WazirX exchange hack. The court affirmed Indian jurisdiction and emphasized the need for stricter governance in Web3 platforms. Cryptocurrencies were defined as property with identifiable and transferable features.
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Coinbase x402 protocol logs 50,000 transactions—up 10,000%
Coinbase’s x402 payment protocol saw a huge increase in adoption, processing nearly 500,000 transactions in a week, marking a 10,780% increase in activity. The protocol allows for payments between AI and humans using stablecoins, powering API monetization, AI payments, and on-chain microtransactions. Developers are now launching tokens directly on the protocol.
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Bitcoin miners Cipher, Bitdeer, HIVE narrow hashrate divide
Mid-tier Bitcoin miners have significantly increased their realized hashrate after the 2024 halving, catching up to industry leaders. Public miners like Cipher Mining, Bitdeer, and HIVE Digital have expanded operations, closing the gap with top players like MARA Holdings and CleanSpark. The mining sector has seen a surge in debt to $12.7 billion due to…
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Rumble taps Bitcoin tipping to expand creator revenue
Rumble has integrated Bitcoin and cryptocurrency tipping for its 51 million users following a $775 million investment from Tether. This move marks a shift towards a decentralized digital economy where users can directly pay creators with Bitcoin. The platform also allocated $20 million of its cash reserves into Bitcoin as a strategic hedge against inflation.
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PADRE price plummets after Pump.fun acquisition
The Padre token price plummeted over 76% from $0.076 to $0.011 after Pump.fun announced its acquisition of a trading terminal. The acquisition led to the discontinuation of utility for the PADRE token, causing panic among holders. Pump.fun aims to expand its trading capabilities with the new terminal.
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James Wynn dives into XRP with a significant investment
Analyst James Wynn has made a significant investment in XRP after 24 hours of research. Ripple completed the acquisition of Hidden Road, rebranding it as Ripple Prime. CEO Brad Garlinghouse highlighted five major acquisitions in two years. Analysts believe Ripple’s growth will drive XRP adoption and increase the token’s price.