Bybit will continue honoring user withdrawal requests despite temporarily halting other services. Source: https://cointelegraph.com/news/bybit-suspends-crypto-trading-india?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: January 2025
Someone Just Spent $200K on a Solana Priority Fee—It Didn’t End Well
A Solana user paid a $200,000 priority fee to be among the first to buy a new meme coin, only to sell minutes later for an $89,000 loss—and that’s besides eating the hefty fee. The user, whose Solana address begins 4MyY, purchased 174 million tokens of the meme coin “AI Deborah” for $96,000 or 495 SOL, but paid an additional…
Inflation May Be Tough to Tame Under Bitcoin-Friendly Trump, Says Fed
Bitcoin and other major crypto assets didn’t move substantially Wednesday after the Federal Reserve released the minutes for its December meeting. However, the central bank hinted that inflation might be stickier than expected with incoming President-elect Donald Trump. The minutes released Wednesday by America’s central bank read that “the effects of potential changes in trade and immigration policy” could lead…
Call of Duty-Inspired Solana Meme Coin MLG Skyrockets After FaZe Clan Boost
Do you remember rushing home from school to play Call of Duty all night, screaming abuse to your friends on Xbox Live as you worked your way through a bag of Doritos? One Solana meme coin is bringing back those vibes to an apparently eager audience of traders, resulting in the token skyrocketing in value by 5,200% over just six…
Two More Public Companies Just Added Bitcoin to Their Balance Sheets
Two publicly traded companies announced big Bitcoin buys this week as a raft of firms have begun emulating MicroStrategy’s crypto treasury model. Los Angeles-based social media marketing company Thumzup Media said Tuesday in a statement that it purchased roughly $1 million in Bitcoin—its first major foray into the token. Meanwhile, KULR Technology Group, a San Diego-based firm that provides energy…
California Firefighters Use AI to Combat Growing Wildfire Threats
Wildfires in Southern California are growing more intense and unpredictable, pushing firefighters to embrace cutting-edge technology to stay ahead. The growing unpredictability of wildfires was demonstrated on Tuesday when a windstorm ignited several fires throughout the Los Angeles area, including the foothills of Pacific Palisades and the Eaton Canyon area near Altadena, CA, north of Pasadena. Over 26,000 acres are…
More Countries to Establish Bitcoin Reserves in 2025, Fidelity Says
Financial services giant Fidelity Digital Assets predicts several countries will begin stockpiling Bitcoin this year, bringing about broader adoption of the world’s oldest crypto. Several nations could establish strategic Bitcoin reserves in 2025 to hedge against “debilitating inflation, currency debasement, and increasingly crushing financial deficits,” the firm wrote in a report on Monday. That’s because global leaders are warming up…
Bhutan’s Special Administrative Region to Adopt Bitcoin, Ethereum in Strategic Reserves
A newly designated Special Administrative Region in Bhutan announced plans on Wednesday to formally adopt digital assets, including Bitcoin, Ethereum, and Binance’s BNB token, as part of its strategic reserves. Known as the Gelephu Mindfulness City, the region is attempting to establish an urban environment in the southern plains of Bhutan centered around “mindfulness, sustainability, and innovation,” according to a…
Phuket to Trial Crypto Payments to Capture $1 Trillion Opportunity
Thailand is set to launch a crypto payment pilot program in Phuket, according to reports from Thai media on Wednesday. Finance Minister Pichai Chunhavajira announced the initiative at a Marketing Association of Thailand seminar, emphasizing the program would operate within existing legal frameworks and wouldn’t require new legislation. “We won’t do anything that is illegal,” Chunhavajira was quoted as saying,…
US Court Greenlights Sale of $6.5B in Seized Silk Road Bitcoin
The U.S. government has secured final approval in the Northern District Court of California to liquidate crypto’s largest-ever federal seizure, signaling the closure of a complex four-year legal battle over billions in Bitcoin tied to the infamous Silk Road marketplace. Chief U.S. District Judge Richard Seeborg denied a motion to block the forfeiture of 69,370 Bitcoin, clearing the Department of…