Category: crypto

Bitcoin has reached a new all-time high of $75,000 following Donald Trump’s 2024 US presidential election win, reflecting optimism and anticipation of policy shifts favoring digital assets. Copper.co predicts a $100,000 Bitcoin by January 20, with ETFs holding 1.1 million Bitcoins. Trading platforms saw increased activity during election night. Market analysts hope for favorable crypto…

Crypto.com plans to expand its offerings in 2025, including stablecoins and an ETF product. The company also aims to offer traditional financial products like banking and stock trading. They plan to launch new services globally, including in the US, UAE, South Korea, and Hong Kong, in addition to introducing new products like an AI-powered trading…

FTX exchange has filed a lawsuit against former co-CEO Ryan Salame to recover $98.8 million in cash and crypto, accusing him of aiding in breaching fiduciary duties. Salame allegedly received substantial benefits, including $52.9 million in wire transfers and investments in luxury assets. He also pleaded guilty to conspiracy charges and began serving a 90-month…

The 2024 US presidential election brought optimism to the cryptocurrency industry with Donald Trump re-elected as president, known for supporting Bitcoin and blockchain. Pro-crypto candidates made progress, with Republicans gaining control. Industry leaders celebrated and hoped for crypto-friendly policies. Coinbase called for clear regulations, while Bitcoin advocates expressed satisfaction with the election outcome.

Pro-crypto politicians are gaining ground in the ongoing US elections, with 220 pro-crypto candidates elected in the House of Representatives. Republicans are also showing support for digital assets, with 14 pro-crypto candidates elected in the Senate. Results in key states like Ohio, Pennsylvania, Arizona, and Michigan are closely watched. Bitcoin reached a new all-time high…

Donald Trump is projected to win the 2024 US Presidential Election, leading to a surge in Bitcoin prices. Trump plans to implement crypto-friendly policies, including creating a national Bitcoin stockpile, establishing a regulatory council, supporting Bitcoin mining, and providing clarity for stablecoins. His victory could bring significant changes to the crypto industry.

Ethereum Foundation contributor Josh Stark highlighted Ethereum’s “hardness” as its defining quality, emphasizing its predictability and immutability for decentralized applications. He argued that these qualities make Ethereum a resilient foundation, challenging traditional sources of stability. Stark envisions a “market for hardness” where individuals can choose between decentralized systems and traditional institutions.

Circle CEO Jeremy Allaire believes stablecoins, particularly USDC, have the potential to revolutionize global trade settlements, reduce friction and costs, and drive efficiencies in emerging markets. Circle announced partnerships with Hong Kong Telecom and Thunes to explore blockchain-based loyalty programs and cross-border transactions. Allaire emphasized the importance of regulatory compliance and predicted a robust offshore…

In October, venture capital funds invested $860 million in crypto startups, with investments in blockchain gaming surpassing $110 million. Infrastructure solutions received the most funding at $609 million, with Blockstream and Yellow Card among the top recipients. The DeFi sector also saw a recovery in funding, with Solv and Variational raising significant amounts.

Bitcoin’s current valuation is similar to levels before past US elections, indicating potential for growth post-election. Historically, Bitcoin has surged after elections, with 2024 valuation at $67,000. Recent demand for Bitcoin has increased globally, but US investors remain cautious. Profit-taking and reduced leverage have led to a decline in open interest in Bitcoin futures markets,…