Author: Issac Lane
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Bitcoin Holds Strong at $96K as US PPI Data Bolsters Optimism
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Bitcoin experienced a fresh resurgence on 14 January, maintaining its position above $96,000 during the Wall Street open. The recovery coincided with the release of US macroeconomic data, which provided a welcome boost to risk assets. Bitcoin Gains Momentum Alongside Stocks Data from TradingView revealed that BTC/USD extended its upward trajectory, following a dip to…
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BitPay Processes 600,000 Crypto Transactions in 2024, Led by Litecoin
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Cryptocurrency payment platform BitPay recorded 608,000 transactions in 2024, marking significant growth as digital asset holders embraced spending during the year’s bull market. Litecoin (LTC) emerged as the most used cryptocurrency on the platform, followed by Bitcoin (BTC) and Ether (ETH), according to BitPay’s “Decrypted 2024” report. Litecoin Tops Transactions Litecoin dominated BitPay’s transaction volumes…
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MoonPay Acquires Helio in $175M Deal to Expand Crypto Payment Services
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MoonPay, a leading fiat-to-crypto on-ramp provider, has announced the acquisition of Helio, a Solana-based payment processor, in a $175 million deal. The move aims to bolster MoonPay’s payment infrastructure and enhance the efficiency of crypto transactions for merchants and marketplaces globally. Helio’s Capabilities and Reach Helio is recognised for its advanced crypto checkout platform, which…
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Kenya Moves to Regulate Cryptocurrencies with Draft Proposal
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Kenya has unveiled a draft proposal aimed at regulating cryptocurrencies, signalling a shift from the Central Bank of Kenya’s (CBK) historically cautious stance. The proposal, titled National Policy on Virtual Assets and Virtual Asset Service Providers, is open for public feedback until 24 January 2025. A Framework for Fair and Stable Markets Treasury Cabinet Secretary…
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Bitcoin Faces Key Test as US Employment Data Sparks Volatility
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Sharp Bounce Needed to Avoid Downtrend as Market Reacts to Economic Data Bitcoin (BTC) found itself under pressure on January 11, hovering just below $95,000 after a day of significant market volatility. The cryptocurrency’s performance mirrored the broader decline in US stocks, which saw a similar “bearish overreaction” to new employment data, raising concerns about…
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UK Judge Dismisses £770 Million Bitcoin Hard Drive Case
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IT Engineer James Howells Loses Legal Battle Over Landfill Access James Howells, an IT engineer from Newport, Wales, has lost his 12-year legal fight to recover a hard drive containing more than £770 million worth of Bitcoin from a local landfill. The Circuit Commercial Judge for Wales, Judge Keyser, dismissed the case on 9 January,…
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Bitcoin to Hit $1.5 Million by 2035, Says Renowned Analyst
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Bitcoin (BTC) could reach a staggering $1.5 million per coin within the next decade, according to network economist Timothy Peterson, a well-known advocate of the cryptocurrency. Peterson, the author of the influential paper “Metcalfe’s Law as a Model for Bitcoin’s Value,” reiterated his bullish long-term outlook in a post on social media platform X (formerly…
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XRP Price Drops 5% Amid Bearish Indicators and Market Sell-Off
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XRP has seen a sharp decline of 4.8% over the past 24 hours, trading at $2.31. This drop mirrors a broader downturn in the cryptocurrency market, where the total market capitalisation has fallen by 6.5% to $3.35 trillion. Several on-chain metrics and technical indicators point to a bearish outlook for the altcoin. Massive Long Liquidations…
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Thailand to Pilot Bitcoin Payments for Tourists in Phuket in 2025
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Thailand is set to launch a pilot programme in 2025, allowing foreign tourists to use Bitcoin for transactions in Phuket, one of the country’s most popular tourist destinations. The initiative, announced by Deputy Prime Minister and Finance Minister Pichai Chunhavajira on January 8 at a seminar organised by the Marketing Association of Thailand, aims to…
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Canada’s PM Frontrunner Pierre Poilievre Vows to Make Country a ‘Crypto Capital’
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Trudeau’s Resignation Paves Way for Pro-Crypto Opposition Leader Canadian Prime Minister Justin Trudeau’s announcement of his resignation has shifted attention to Pierre Poilievre, the opposition leader and Conservative Party frontrunner, who has previously championed cryptocurrency and blockchain technology. A Vision for a ‘Crypto Capital’ In a recently resurfaced video from a March 2022 campaign event,…