Category: crypto

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.

China has issued a notice declaring all crypto and real-world asset tokenization activities illegal financial activities. This includes banning virtual currency business activities and RWA tokenization without explicit approval. The enforcement also extends to mining and offshore routes, with severe restrictions on financial institutions and internet platforms. The market has reacted with a decline in…

Binance has purchased an additional 3,600 BTC for its SAFU fund, increasing the total to 6,230 BTC. The exchange aims to convert $1 billion in user-protection reserves into Bitcoin within 30 days. Binance sees Bitcoin as a foundational asset and is buying the dip to strengthen its fund.