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Russia Mulls Commodity Trading Centers to Bolster BRICS Economic Sovereignty
16.10.2024
Russia has just unveiled a plan to reduce its reliance on the US-dominated global financial system. The plan is seen as a response to crippling Western sanctions. The plan involves setting up mutual centers for trading commodity resources, which will allow Russia and its partners to bypass...
LBank Unveils Future Compliance Strategy, Accelerating Global Expansion in the Crypto Market
16.10.2024
On October 14th, Eric He, LBank’s Chief Angel Officer and Risk Control Advisor, shared insights into the exchange’s future market plans and global compliance strategy via social media. He noted, “To better meet the regulatory requirements of various jurisdictions, our official...
Network State Praxis Secures $525M Financing to Launch New City Meant to Attract Crypto Entrepreneurs and Promote ‘Western Civilization’
16.10.2024
Praxis has announced a significant milestone, securing $525 million in financing to establish a new city designed to draw in crypto entrepreneurs and champion the ideals of Western Civilization. With a robust community of over 14,000 members across 84 countries and a collective valuation of more...
Open Interest on CME Bitcoin Futures Hits All-Time High, Signals Further Bullishness
16.10.2024
CME Bitcoin Futures Open Interest Hits All-Time High with Third-Largest Five-Day Increase, Following Two Price Surges
Bitcoin profit-taking nears $74K peak as speculators send Binance $500M
16.10.2024
Bitcoin short-term holders waste no time in sending coins in profit to exchanges for a mass profit-taking event
BlackRock’s Bitcoin Holdings Reach $25 Billion
16.10.2024
Bitcoin holdings of BlackRock have reached a high of $25 billion. IBIT now has an AUM of 375,169…
Nigeria Receives Nearly $100,000 From Unlicensed Crypto Firms
16.10.2024
The Nigerian government received nearly $100,000 from two cryptocurrency firms accused of conducting unlicensed conversions of tether (USDT) to naira and vice versa. The two Nigerian cryptocurrency firms, Paparaxy Global Ventures Limited and Lemskin Technologies Limited were accused of operating...
Ripple Invests $25M in Bitnomial’s Platform to Build Regulated Derivatives Market for Digital Assets Like XRP
16.10.2024
Crypto derivatives exchange Bitnomial is set to launch its U.S. perpetual futures trading platform, Botanical, backed by a $25 million round led by Ripple. The platform, integrating Ripple’s stablecoin RLUSD, aims to challenge decentralized exchanges and offshore models. Bitnomial’s...
Sonic Co-Founder Andre Cronje Criticizes Ethereum L2 Appchain Adoption
16.10.2024
Andre Cronje, co-founder of Sonic and yearn.fi, criticized the growing trend of creating Ethereum Layer 2s designed and tailored for a specific protocol or decentralized finance app (Appchains). Cronje detailed that this approach had many downsides, including the lack of infrastructure, zero...
Early Bitcoin-era whale moves $630K to Kraken, $5.5M in 2 months
16.10.2024
After the latest $630,000 transfer, the Bitcoin whale has now sent $5.47 million worth of Bitcoin to Kraken in the last two months.
Bitcoin's Inverse Ties With Dollar Index Challenged as U.S. Election Looms
16.10.2024
Traders seek upside exposure in BTC even as FX option indicate a bias a bullish bias for the dollar index
Malta-Based Investment Company to Follow Microstrategy’s Bitcoin Playbook
16.10.2024
Samara Asset Group, a Malta-based investment company focused on seeding tech and crypto startups, aims to follow the Microstrategy playbook by announcing a bond whose proceeds will grow its bitcoin portfolio. Co-founded by cryptocurrency proponent Mike Novogratz, the company’s mission is...
Bitcoin dominance hits 3.5-year high as altcoins get left behind
16.10.2024
Bitcoin’s market share neared 60%, hitting its highest level since April 2021, while altcoins saw muted gains in the last 24 hours
Trump’s World Liberty Financial Token Sale Kicks Off: 644M Tokens Sold
16.10.2024
On Tuesday, former President Donald Trump announced on X that the “World Liberty Financial token sale is now live.” He added that “crypto is the future” and urged everyone to adopt “this incredible technology.” At the moment, the price for one WLFI token...
Over 90% of Salvadorans don’t transact with Bitcoin: Survey
16.10.2024
Salvadorans have expressed approval of President Nayib Bukele, but they’ve not exactly warmed to his adoption of Bitcoin as legal tender
Tesla Relocates $760M Worth of Bitcoin, While Spacex Funds Remain Untouched
16.10.2024
On Oct. 15, 2024, Tesla initiated a transaction, transferring 1,800 BTC at precisely 5:03 p.m. EDT at block height 865,811. Following this initial move, the company shifted a grand total of 11,509 BTC, valued at more than $760 million, from its well-known wallets. At this time, it’s...
Indian Police Crush ‘Goldcoat Solar’ Fraud — Binance Aids in Crypto Seizure
16.10.2024
Indian police, with support from crypto exchange Binance, have dismantled a fraudulent scheme run by M/s Goldcoat Solar, which posed as part of a national solar energy initiative. The criminals lured investors by impersonating officials and promising high returns. Multiple arrests were made,...
Analysts Link Bitcoin Rally to Trump’s Election Odds – Microstrategy Gains Set Stage for a Breakout
16.10.2024
Analysts at global research and brokerage firm Bernstein say bitcoin’s surge is fueled by Donald Trump’s rising chances in the 2024 election. They point to Microstrategy’s stock, soaring 191% this year, as a key signal of a looming market breakout. With Trump leading in key swing states,...
Ripple Reveals Exchanges for Stablecoin RLUSD Launch
16.10.2024
Ripple has announced that its new USD-denominated stablecoin, RLUSD, will be available globally through strategic partnerships with major platforms, including Uphold, Bitstamp, Bitso, Moonpay, Independent Reserve, Coinmena, and Bullish. Fully backed by U.S. dollar reserves, government bonds,...
Bitcoin Surge Looms as US Election Nears — Standard Chartered Predicts BTC Rally to $73,800
16.10.2024
Banking giant Standard Chartered is predicting a sharp rise in bitcoin’s value, with forecasts suggesting it could approach its all-time high of $73,800 as the U.S. presidential election nears. Rising Treasury yields, growing interest in bitcoin ETFs, and Trump’s improving election odds are...