Category: crypto

Ripple’s XRP has reached a three-year high, surpassing $1 with open interest in the digital asset hitting over $2 billion. The price increase is attributed to renewed interest following Donald Trump’s victory in the US elections. XRP holders and institutional investors are accumulating the token, driving the price up.

The US election results have increased Bitcoin’s liquidity to new highs, reaching $623 million.

Mercado Bitcoin, the largest digital asset platform in Latin America, has launched the MBRL stablecoin on the TRON blockchain. This innovative means of payment combines Brazilian fiat currency with tokenization. TRON, with over 271 million user accounts, offers efficient and scalable blockchain solutions. Customers can buy MBRL on Mercado Bitcoin or issue it directly with…

Tether plans to invest in Dutch fintech company Quantoz to introduce stablecoins EURQ and USDQ. These tokens will comply with EU regulations and be backed by fiat reserves. The move addresses regulatory challenges in Europe and positions Tether to compete with other major stablecoins in the market.

Poland’s libertarian presidential candidate, Sławomir Mentzen, plans to create a Strategic Bitcoin Reserve if he wins the May 2025 elections. He aims to make Poland a crypto hub with friendly regulations, low taxes, and support from financial institutions. This proposal is inspired by the Satoshi Action Fund’s framework and aligns with global initiatives to integrate…

Tokyo-based investment firm Metaplanet plans to issue 1.75 billion yen in bonds to fund Bitcoin acquisitions, with an annual interest rate of 0.36% and maturity date of Nov. 17, 2025. The bonds are secured by a property owned by its subsidiary. Metaplanet has acquired over 1,000 BTC and launched a Shareholder Benefits Program.

Bitdeer Technologies reported a net loss of $50.1 million in the third quarter of 2024, with revenue declining to $62 million. The company attributed the decrease to the Bitcoin halving, global hash rate, hosting revenue, and R&D expenses. Despite losses, cash and equivalents rose to $291.3 million. Bitdeer launched the second-generation SEALMINER A2 mining machine…

Marathon Digital plans to privately issue $700 million in convertible senior notes due in 2030 to restructure debt, acquire Bitcoin, and fund growth. The notes will mature in 2030 and offer various conversion options. The company’s stock price has dropped following the announcement. Marathon remains a significant player in the Bitcoin mining industry.

Former Olympic rower and crypto exchange Gemini co-founder Tyler Winklevoss criticized U.S. SEC chair Gary Gensler’s actions as intentional and harmful to the crypto industry. Winklevoss believes Gensler should not hold any position of influence again and institutions working with him should be boycotted. Gensler’s term ends in July 2025.

Republican President-elect Donald Trump plans to ease up on crypto enforcement, shifting focus to immigration law enforcement. The U.S. Attorney’s Office in Manhattan will dedicate fewer resources to crypto-related crimes. The SEC under Trump may reallocate resources to immigration enforcement. The CFTC may also adjust priorities regarding crypto cases.