Category: crypto

Marathon Digital reported record performance in Bitcoin mining for November, producing 907 BTC and reaching a hash rate of 46.1 EH/s. They also mined 254 blocks, attributing their success to new miners and operational improvements. The company plans to raise $700 million for Bitcoin acquisitions and general corporate activities.

Bitcoin’s potential rise to $100,000 will depend on the balance between short-term holder demand and long-term holder profit-taking. Despite recent pullbacks, November saw a 37.3% increase in Bitcoin’s price, with strong momentum heading into December. The market may experience temporary pullbacks before reaching new highs, with volatility expected.

Coinbase’s Faryar Shirzad predicts rapid crypto regulation under President Trump, due to a pro-crypto Congress and president. Two proposed bills aim to regulate the industry, but limited time before Trump’s term ends may hinder progress. Shirzad is hopeful for legislative movement and expects new SEC chair to align with Trump’s views.

Meta’s stablecoin project, Diem, formerly known as Libra, faced political and regulatory challenges in the US. Despite early support from major financial firms, scrutiny from lawmakers led to its rebranding in 2020. Despite efforts to pivot, regulatory obstacles persisted, leading to the project’s termination in 2022. Team members have since shifted to other blockchain initiatives.

Cardano’s DeFi ecosystem is growing rapidly, with its TVL reaching $680 million, close to its all-time high of $700 million. The increase in TVL reflects investor confidence in the platform. Cardano’s DEXs also reported a trading volume of $22.35 million, the highest since December 2023. ADA token has gained over 20% in the past week,…

Coinbase has integrated Apple Pay into its Onramp service to streamline the process of converting fiat to crypto. Apple Pay has over 60 million US users and 500 million globally. MetaMask also added Venmo as a fiat-to-crypto option. The stablecoin market has grown, and companies are making investing in crypto easier. Robinhood and Coinbase are…

The European Central Bank has released its progress report on the development of the digital euro, with a prototype expected by 2025. The ECB aims to provide a secure and efficient digital payment solution to support the EU’s digital economy. The report focuses on technical and legal considerations, as well as public consultation feedback shaping…

South Korea’s Democratic Party has agreed to postpone the implementation of crypto taxation laws for two years, following a heated debate over digital asset regulation in the country. Approximately 10 million people in South Korea are involved in crypto trading, with a daily trading volume exceeding that of the stock exchange. Despite the delay, the…

Sora Ventures has launched a $150 million fund in Asia to help listed companies adopt Bitcoin-focused treasury strategies like MicroStrategy. The fund aims to optimize financial strategies and enhance stakeholder value by leveraging Bitcoin as a primary reserve asset. Success with Metaplanet on the Tokyo Stock Exchange highlights the strategy’s viability.

CryptoSlate’s market report explores Bitcoin ETF options as a new tool for risk management and speculation. The report highlights their potential impact on institutional crypto trading, offering insight into their role within the market.