Category: crypto

VanEck’s latest Bitcoin report maintains a cycle price target of $180,000, citing bullish indicators such as funding rates and retail interest trends. The market rally is compared to post-election behavior in late 2020. VanEck anticipates further growth with a pro-Bitcoin regulatory environment and growing institutional interest.

Polymarket, a blockchain-based prediction market, has blocked access to French users due to a government investigation into compliance with gambling laws. The platform allows users to bet on real-world outcomes using crypto. The move comes amid scrutiny from France’s national gaming authority. The investigation was prompted by a trader placing bets on Donald Trump winning…

Cboe Global Markets is launching cash-settled options tied to the price of spot Bitcoin on Dec. 2. The options will be based on the Cboe Bitcoin US ETF Index and aim to provide exposure to Bitcoin price movements without holding the crypto directly. The launch includes standard, mini, and FLEX options.

The Blockchain Association has urged President-elect Donald Trump to prioritize the US crypto industry in his first 100 days in office by establishing a regulatory framework, ending discriminatory banking practices, appointing new leadership at federal agencies, and clarifying tax policies. They emphasize the need for bipartisan legislation and collaboration to ensure the US remains a…

The UK plans to unveil a new crypto regulatory framework in early 2025 to address oversight challenges for stablecoins, staking, and digital asset services. The Labour government aims to streamline rules for the industry, focusing on stablecoins and staking. The initiative seeks to remain competitive and attract investment while ensuring consumer protections.

Following Donald Trump’s election, regulators are advocating for crypto market reforms, including regulatory sandboxes and allowing tokenized funds as collateral in traditional derivatives trading. SEC Commissioner Mark Uyeda supports clarifying regulations for crypto offerings falling under SEC jurisdiction and creating safe harbors for innovation. The CFTC also recommended using tokenized funds as collateral, awaiting review.

Yu Xian, founder of Slowmist, warns of AI code poisoning, injecting harmful code into AI models’ training data. A user lost $2,500 in digital assets after ChatGPT recommended a fraudulent API. Scammers manipulate AI training data to generate fraudulent outputs. Xian urges caution with large language models to prevent further financial losses and trust issues…

Newmarket Capital has introduced a unique loan model that combines real estate financing with Bitcoin collateral, as reported on CNBC’s “Squawk Box.” The loan refinances a multifamily property in Philadelphia, incorporating 20 Bitcoin into the collateral. This structure offers better security for lenders and could benefit pension funds by providing exposure to Bitcoin’s potential growth…

Binance, the world’s largest crypto exchange, has surpassed 240 million users globally, adding 70 million new users in 2023. CEO Richard Teng attributes this growth to retail and institutional adoption, with the platform holding $130 billion in user assets. Binance’s success is driven by mainstream finance integration, regulatory compliance, and innovation.

Ethereum has experienced a significant increase in supply due to the Dencun upgrade, adding over 350,000 ETH since March. The inflation rate is now 0.35%, with 120.4 million ETH in circulation. The rise in supply is attributed to changes in base fee dynamics and increased ETH staking, impacting network security and token issuance.