Tag: Crypto

  • Elon Musk Confirms X Payments Game-Changer, Boosts Crypto Market

    Elon Musk Confirms X Payments Game-Changer, Boosts Crypto Market

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    Oscar

    Tesla CEO and X owner Elon Musk has sparked fresh excitement in the crypto market, subtly confirming plans to integrate digital payments into his “everything app,” X (formerly Twitter). This revelation has sent cryptocurrencies, including bitcoin and dogecoin, surging in anticipation of wider adoption. Bitcoin Eyes $100,000 Milestone Bitcoin has rebounded, nearing the $100,000 psychological…

  • Solana DEX Volume Hits Record High as SOL Eyes $300 Milestone

    Solana DEX Volume Hits Record High as SOL Eyes $300 Milestone

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    Issac Lane

    Surging network activity and memecoin frenzy drive Solana’s impressive growth. Solana DEX Volume Surpasses $100 Billion Solana’s decentralized exchange (DEX) trading volume reached a new milestone, surpassing $100 billion in November, according to DefiLlama data. The network achieved $109.8 billion in monthly DEX trade volume, nearly double Ethereum’s $55 billion. Daily and weekly records were…

  • Crypto Market Loses $500M as Bitcoin Retraces to $95K

    Crypto Market Loses $500M as Bitcoin Retraces to $95K

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    Oscar

    The cryptocurrency market faced a sharp correction over the weekend, wiping out $500 million in liquidations and impacting nearly 187,000 traders. Bitcoin (BTC) briefly dropped to $95,700 before rebounding, while altcoins experienced significant losses. Market Wipeout: $500M in Liquidations A turbulent weekend saw $495 million liquidated across exchanges within 24 hours. Bitcoin accounted for $80.9…

  • Bitcoin ETFs Hit Record Highs with Over $3.1 Billion in Weekly Inflows

    Bitcoin ETFs Hit Record Highs with Over $3.1 Billion in Weekly Inflows

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    Issac Lane

    Investor enthusiasm remains strong as Bitcoin ETFs mark new milestones amid a parabolic price rally. Record Weekly Inflows for Spot Bitcoin ETFs United States-based spot Bitcoin exchange-traded funds (ETFs) reached a record $3.12 billion in inflows during the week of November 18–22, according to CoinShares data. This represents a 102% surge from the previous week’s…

  • As Bitcoin gets close to $100K, Tether mints $3 billion in USDT.

    As Bitcoin gets close to $100K, Tether mints $3 billion in USDT.

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    V Sinclair

    Tether, the issuer of the stablecoin USDt, minted an additional $3 billion worth of tokens on November 23 across the Ethereum and Tron networks. This move comes amid a surge in cryptocurrency trading activity, particularly as Bitcoin edges closer to the $100,000 mark. Arkham Intelligence reported that $2 billion in USDt was issued on Ethereum,…

  • India investigates CBDCs as the payment system of the future and seeks cross-border mobile payments.

    India investigates CBDCs as the payment system of the future and seeks cross-border mobile payments.

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    V Sinclair

    India will likely establish mobile payment ties with other countries to improve cross-border payments, trades, and remittances. Deputy Governor of Reserve Bank of India, T. Rabi Sankar, shared that India is shaping up its mobile payment infrastructure with several countries, with Bloomberg. Sankar further elaborated that arrangements are already in place with Sri Lanka and that talks…

  • Trump Nominates Pro-Crypto Hedge Fund Manager for Treasury Secretary

    Trump Nominates Pro-Crypto Hedge Fund Manager for Treasury Secretary

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    Oscar

    U.S. President-elect Donald Trump has chosen Scott Bessent, a cryptocurrency enthusiast and hedge fund manager, as his pick for Treasury Secretary. If confirmed by the Senate, Bessent’s signature will grace U.S. paper currency, representing a notable shift toward a pro-digital asset stance in government. Bessent, the founder of Key Square Group, a macro investment firm,…

  • Bitcoin Predicted to Hit $100K by Year-End as Bulls Dominate

    Bitcoin Predicted to Hit $100K by Year-End as Bulls Dominate

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    Issac Lane

    Prediction markets strongly favour six-figure Bitcoin prices, while institutional inflows and sell-side pressure shape the market. 85% Odds of Bitcoin Reaching $100K by New Year Bitcoin’s journey toward a six-figure valuation appears inevitable, with prediction markets assigning an 85% chance of BTC surpassing $100,000 by 31 December 2024. Data from the betting platform Kalshi also…

  • Bitcoin’s Six-Figure Surge: $125K by New Year?

    Bitcoin’s Six-Figure Surge: $125K by New Year?

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    Oscar

    Bitcoin’s price trajectory has sparked excitement in prediction markets, with an 85% chance of the cryptocurrency reaching $100,000 by the end of 2024, according to data from Kalshi. Some forecasts are even wilder, placing Bitcoin at $125,000 or more by New Year’s Day, while a smaller segment bets on $150,000 or even $250,000. Bulls Drive…

  • Trillion-dollar firm Charles Schwab President reveals plans to enter the spot crypto market

    Trillion-dollar firm Charles Schwab President reveals plans to enter the spot crypto market

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    V Sinclair

    Charles Schwab, a Texas-based asset management firm with $7 trillion under management, has revealed its intentions to join the crypto bandwagon through spot crypto trading. The company’s serving presidents and incoming CEO said in an interview that the firm will start offering crypto investments to clients based on their preferences.  Rick Wurster, Charles Schwab Corp’s…