The Bitcoin price trajectory is set to be heavily influenced by the upcoming U.S. presidential election, Bernstein on Tuesday said, suggesting that if former President Donald Trump wins the 2024 election, Bitcoin could soar to unprecedented levels, exceeding $80,000 to $90,000. However, in the event of a Kamala Harris victory, the near-term outlook for Bitcoin could see a sharp decline,…
Alchemy Pay has announced the integration of its virtual card service with Samsung Pay, expanding its reach following the successful launch on Google Pay. This development enables users to seamlessly spend their cryptocurrency holdings at numerous retailers, both online and in-store, through Samsung’s contactless payment platform. With over 500,000 users already on board, Alchemy Pay’s […] Source: https://news.bitcoin.com/alchemy-pay-expands-crypto-virtual-card-to-samsung-pay/
Taiwan’s Financial Supervisory Commission reportedly plans to start collecting applications from institutions interested in trialing Bitcoin custody services in the first quarter of 2025. Source: https://cointelegraph.com/news/taiwan-crypto-custody-trial-banks-institutions?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
An 86-year-old former California attorney, David Kagel, has been sentenced to five years of probation and ordered to pay nearly $14 million after admitting to conducting a multimillion-dollar Bitcoin Ponzi scheme. In a judgment filed on October 8, Las Vegas federal court judge Gloria Navarro sentenced Kagel to one count of conspiracy to commit commodity fraud following his guilty plea…
staking Bitcoin protocol Babylon has achieved a major milestone, pulling in 23,891.67071126 BTC in confirmed total value locked (TVL) and attracting 25.31K stakers after lifting the cap on its second staking round. This significant increase in participation underscores strong investor confidence and robust demand within Babylon’s decentralized finance (defi) ecosystem. The platform’s aim to provide […] Source: https://news.bitcoin.com/bitcoin-staking-protocol-babylon-attracts-about-24000-btc-in-deposits/
BTC price action is no longer getting US Bitcoin traders excited as the Coinbase Premium Index hits its lowest levels in over two months. Source: https://cointelegraph.com/news/bitcoin-coinbase-btc-price-retests-62k-month-end?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Only 12.7% of Polymarket users have made a profit in prediction markets, with the majority earning less than $100, according to onchain data. Source: https://cointelegraph.com/news/gambling-on-polymarket-profitability-data-revealed?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The Central Bank of Nigeria (CBN) injected $543.5 million into the Nigerian foreign exchange market between September 6th and 30th to address currency volatility. The bank attributed the volatility to high demand for imports and seasonal factors. Nigeria is facing foreign exchange shortages and the government has taken various steps to counter it, including restricting […] Source: https://news.bitcoin.com/nigeria-injects-543-5m-to-shore-up-naira/
ARK’s $36 million Robinhood sale came amid the stock price surging more than 100% year-to-date and posting multiyear highs. Source: https://cointelegraph.com/news/ark-invest-cathie-wood-sell-36-million-robinhood?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
IDA Finance’s use of Chainlink Proof of Reserves and CCIP products aims to boost cross-chain operability and asset security. Source: https://cointelegraph.com/news/ida-chainlink-hkda-stablecoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
