XRP price continues to show strength versus the wider crypto market. Cointelegraph explains why. Source: https://cointelegraph.com/news/xrp-rally-to-4-possible-after-xrp-btc-pair-clears-30-day-resistance-level?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: January 2025
Trump’s Day-One Crypto Executive Order Likely First of Many: Sources
President-elect Donald Trump is poised to issue a crypto-related executive order within the opening hours of his second term, sources familiar with the matter told Decrypt—and it’s likely just the first of many to come. Trump’s first crypto executive order is expected to establish a presidential crypto council, made up of around 20 industry leaders—likely all founders and CEOs, one…
Institutional crypto OTC volumes double in 2024 on Trump win, ETFs: Finery
The fourth quarter saw the largest jump in institutional crypto OTC trading, as Donald Trump’s US election win fueled crypto spot trading to 2024 highs, said Finery Markets. Source: https://cointelegraph.com/news/crypto-otc-trading-volumes-double-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Macro Storm Brewing: QCP Capital Eyes Key Data for Crypto’s Fate
QCP Capital’s latest analysis provides a snapshot of a crypto market attempting to stabilize amidst significant macroeconomic turbulence. QCP Capital Highlights Macro Pressure on Bitcoin’s Inflation Hedge Role On Monday, the firm’s market observations highlight the resilience of key cryptocurrency levels while noting potential challenges ahead. QCP Capital noted that the U.S. labor market’s strong […] Source: https://news.bitcoin.com/macro-storm-brewing-qcp-capital-eyes-key-data-for-cryptos-fate/
Tesla Cybertrucks Provide Free Wi-Fi to Los Angeles After Wildfires
As recovery and relief efforts ramp up in Los Angeles after a week of devastating fires, Tesla CEO Elon Musk said on Sunday that he is sending a fleet of Cybertrucks and Starlink terminals to Southern California. Musk said the plan is to use the Cybertrucks to provide mobile Wi-Fi hotspots to areas without internet access. On Tuesday, powerful winds…
FDIC Vice Chairman Denounces ‘Choke Point-Like’ Tactics
The comments were part of a speech on Friday titled “Charting a New Course.” Did the FDIC Just Confess to Crypto Debanking? Federal Depositary Insurance Corporation (FDIC) Vice Chairman Travis Hill delivered a speech on Friday condemning the agency’s “Choke Point-like tactics” and urging the organization to take “a new approach to digital assets.” Hill’s […] Source: https://news.bitcoin.com/fdic-vice-chairman-denounces-choke-point-like-tactics/
lllustrious: The AI Model That Wants to Rule Anime Art Generation
Illustrious, a text-to-image model based on Stable Diffusion XL, has become so dominant in the AI art community that Civitai, the largest hub for AI art models, had to create a separate category just to handle its massive ecosystem of resources. And it all happened in three months. The secret behind its success? A return to the basics with a…
Bitcoin Mining Is Now More Difficult Than Ever Before
It’s the metric that many Bitcoin investors don’t know—or care—about. But they should, despite the biggest and oldest digital coin’s price taking a hit earlier Monday. Bitcoin’s mining difficulty has edged up again to touch a new high. Data from CoinWarz shows that the difficulty hit a new all-time high of 110.45 trillion on Sunday. That means it’s harder than…
NYDFS launches exchange program with Bank of England on crypto expertise
The New York regulator’s Transatlantic Regulatory Exchange program would allow the NYDFS to exchange senior staff experienced in digital assets with those at the Bank of England. Source: https://cointelegraph.com/news/nydfs-program-bank-england-digital-assets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Tron’s Daily Revenue Rockets 119% in 2024, Redefining ‘Blockchain Economic Models’
In 2024, Tron cemented its status as a formidable force within the cryptocurrency ecosystem, achieving a 119% uptick in daily onchain revenue since Jan. 1. This growth, attributed to increased gas fees and transaction activity, is supported by data from Cryptoquant and insights from community member Crazzyblockk. Cryptoquant, Intotheblock and Defillama Insights Highlight Tron Growth […] Source: https://news.bitcoin.com/trons-daily-revenue-rockets-119-in-2024-redefining-blockchain-economic-models/