Bitcoin’s $93K Dip: A Temporary Setback Before the $100K Surge
Bitcoin recently experienced a dip below $93,000, retreating nearly 7% from its Nov. 22 all-time high of $99,645. The asset hit an intraday low of $92,775 during early trading on…
Crypto Miners in Texas’ ERCOT Region Required to Report Power Demand
On November 21, Texas’ Public Utilities Commission (PUCT) passed a new rule requiring Bitcoin miners operating on the state’s ERCOT-managed power grid to register with the state and provide essential…
Hong Kong’s Largest Digital Bank Launches Retail Crypto Trading Service
Hong Kong‘s largest virtual bank, ZA Bank, has launched a new service allowing retail customers to buy and sell Bitcoin and Ethereum directly with fiat currency. The move is part…
Crypto Liquidations Reach $470M as Bitcoin Retraces, Altcoins Surge
Bitcoin faced a pullback on November 24 after failing to break the $100,000 milestone, sparking one of the largest weekend crypto liquidation events in more than six months. Over the…
Tether Mints Additional $3B in USDt Stablecoins Amid Crypto Surge
Tether minted an additional $3 billion in USDt tokens on November 23, responding to a surge in crypto market activity, particularly Bitcoin, which neared the $100,000 price level. According to…
Reserve Bank of India Expands Cross-Border Payments Platform
The Reserve Bank of India (RBI) is expanding its cross-border payments platform to enable instant settlements, with plans to add new trading partners in Asia and the Middle East. India…
NFTs Record $158M Weekly Sales Volume, Led by Ethereum and Bitcoin
Non-fungible tokens (NFTs) showed resilience in their weekly sales volume, recording approximately $158 million in sales for the week ending Nov. 24. Despite a slight decrease compared to the previous…
Australia Begins Consultation on OECD Crypto Reporting Framework
Australia’s Treasury Department has launched a consultation paper on implementing the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF). The initiative is aimed at improving tax transparency…
Mastercard, JPMorgan Integrate Blockchain Payment Solutions for Cross-Border Transactions
Mastercard and JPMorgan have partnered to create a new cross-border business-to-business payment solution, integrating Mastercard’s Multi-Token Network (MTN) with JPMorgan’s Kinexys Digital Payments. This collaboration enables mutual customers to settle…
SEC Chair Gary Gensler to Step Down in January 2025
Gary Gensler, Chair of the United States Securities and Exchange Commission (SEC), will step down on January 20, 2025, the same day President-elect Donald Trump begins his second presidential term.…
BitGo Launches MAS-Regulated Crypto Subsidiary in Singapore
California-based cryptocurrency exchange BitGo has launched a subsidiary in Singapore, following the receipt of a major payment institution license from the Monetary Authority of Singapore (MAS) three months earlier. On…
South Korea Confirms North Korea Behind $50 Million Upbit Cryptocurrency Hack
South Korean authorities have officially confirmed that North Korean hacker groups were responsible for the $50 million cryptocurrency theft from Upbit, a South Korean-based cryptocurrency exchange, in 2019. On November…
Trump’s Presidency Expected to Boost DeFi and Gaming, Says Sky Mavis Co-Founder
Blockchain gaming and decentralized finance (DeFi) are poised for significant growth under Donald Trump’s presidency, according to Jeffrey Zirlin, co-founder of crypto gaming platform Sky Mavis. Speaking at the YGG…
Japan Set to Implement Stimulus Package with Emphasis on Tax Reform, Including Cryptocurrency
Japan is poised to implement a new economic stimulus package by the end of 2024, as promised by Prime Minister Shigeru Ishiba, who has committed to engaging in bipartisan discussions…
Logan Paul Accused of Undisclosed Profits from Cryptocurrency Promotions
Social media influencer Logan Paul is currently embroiled in controversy following a BBC investigation that accuses him of profiting from cryptocurrency promotions without proper disclosures. The investigation reveals a complex…
Russia Sets to Impose Crypto Mining Limits in 13 Regions to Conserve Energy
The Russian government is actively deliberating the imposition of crypto mining restrictions across 13 regions to mitigate energy shortages, particularly during peak demand periods. This decision follows the enactment of…
South Korea’s Democratic Party Advocates for 20% Crypto Tax Starting in 2025
The Democratic Party of Korea (KDP) is making strides toward implementing a tax on cryptocurrency gains by the start of 2025, proposing a significant increase in the threshold for taxable…
Coinbase Announces Plans to Suspend Trading of Wrapped Bitcoin
Coinbase has declared its intention to suspend trading of Wrapped Bitcoin (WBTC) come December, highlighting undisclosed issues that failed to meet the exchange’s rigorous token listing standards. The cryptocurrency exchange…
Indicators Suggesting a Potential Peak in Bitcoin Prices
CryptoQuant, an onchain data service, has identified several key metrics that can indicate when Bitcoin may be nearing a price peak. According to a recent update posted on November 19,…
Paxos Expands into the EU with Membrane Finance Acquisition for Stablecoin Growth
Paxos, a leading blockchain infrastructure platform, has strategically positioned itself for an expansion into the European market by acquiring Membrane Finance, a Finnish Electronic Money Institution. This acquisition is set…