Month: December 2024

BNB hit a new all-time high of $794 on Wednesday with analysts predicting a run to $1,000 could be on the cards. BNB Rallies Strong BNB, the native token of Binance’s BNB Chain has seen an exponential price increase over the past 24 hours, reaching a new all-time high of $794. Data from the BNB/USDT […] Source: https://news.bitcoin.com/bnb-hits-new-all-time-high-to-briefly-surpass-solana-as-4th-largest-cryptocurrency/

Bitcoin, trading at $98,772, is riding a bullish wave, but traders should stay sharp as critical resistance looms near $100,000. The market’s behavior hints at a mix of sideways moves and the potential for exciting breakouts. Bitcoin On the 1-hour chart, bitcoin recently climbed to a local peak of $99,250 before pulling back. The retreat, […] Source: https://news.bitcoin.com/bitcoin-technical-analysis-btc-faces-towering-100k-sell-wall-market-awaits-next-move/

Ripple is preparing to launch its stablecoin, RLUSD, pending final regulatory approval. The company clarified: “We’re in lockstep with the NYDFS on final approval.” Ripple Prepares for Stablecoin Takeoff Ripple has clarified that its RLUSD stablecoin is awaiting final approval from the New York State Department of Financial Services (NYDFS), a necessary step before its […] Source: https://news.bitcoin.com/ripples-stablecoin-near-launch-final-regulatory-nod-expected-soon/

Binance’s native token (BNB) jumped to record highs on Wednesday amid a broader crypto market uplift that saw a resurgence in long-time altcoins affiliated with Ethereum and Bitcoin. BNB surged 8% to a new peak above $788, beating out its previous June all-time high of $710, CoinGecko data shows. The asset is used for trading fee discounts, transaction fees on…

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BIT Mining (NYSE: BTCM) has agreed to acquire 51-megawatt crypto mining data centers and 17,869 bitcoin mining machines in Ethiopia for $14.28 million. The consideration comprises a cash payment of $2.265 million and the issuance of Class A ordinary shares of the Company with a par value of $0.00005 per share, amounting to an aggregate […] Source: https://news.bitcoin.com/bit-mining-acquires-ethiopian-data-centers-and-mining-machines/

Crypto.com has announced a strategic partnership with Mastercard, enabling the cryptocurrency platform to issue payment cards directly in the Gulf Cooperation Council (GCC) region, starting with Bahrain. Crypto.com Secures Principal Licence to Issue Mastercard-Powered Cards The collaboration revealed on Dec. 4, grants Crypto.com a principal licence to issue cards on Mastercard’s payment network. This move, […] Source: https://news.bitcoin.com/crypto-com-partners-with-mastercard-to-expand-digital-payments-in-gcc-region/

Ethereum layer-3 gaming network Xai is set to release “Tiny Sentry Keys” to lower the barrier for entry into its Sentry Key ecosystem, promising future benefits within the gaming ecosystem for buyers. Xai’s Sentry Keys are NFT-based licenses for nodes that are operated by network supporters, which can be staked to receive rewards. Already, the Xai Foundation claims, approximately $340…

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At an event Wednesday, Federal Reserve Chairman Jerome Powell called Bitcoin a rival not to the U.S. dollar but rather gold—though not in the sense of BTC similarly being a store of value. “Bitcoin is not a competitor for the dollar, it’s really a competitor for gold,” Powell said in a sit-down interview with journalist Andrew Ross Sorkin at the…

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