Bitcoin (BTC) soared past the $105,000 mark on Wednesday as investor sentiment shifted following the Federal Reserve’s decision to pause its interest rate cuts. The world’s largest crypto, which initially dipped to $101,800 after the announcement, quickly rebounded, marking its highest level in three days. During the Federal Open Market Committee meeting, the Fed left its benchmark interest rate unchanged,…
Month: January 2025
The need for cross-border collaboration on digital assets
Adoption can’t happen without practical cross-border cooperation, which will support the growth of digital assets while managing risks and ensuring regulatory compliance. Source: https://cointelegraph.com/news/the-need-for-cross-border-collaboration?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
El Salvador rushes in new Bitcoin law to comply with IMF deal: Report
The legislation reportedly rolls back a previous mandate that businesses accept Bitcoin for payments. Source: https://cointelegraph.com/news/el-salvador-rushes-new-bitcoin-laws-comply-imf-deal-reuters?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Gemini won’t hire MIT grads unless university drops ex-SEC chair Gensler
Gemini CEO Tyler Winklevoss said the exchange won’t hire from MIT due to the university rehiring Gary Gensler, a boycott that one commentator called “overkill.” Source: https://cointelegraph.com/news/gemini-wont-hire-mit-graduates-gary-gensler-teaching-role?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Forbes Ranks Best Crypto Exchanges for 2025: CME Group, Coinbase Lead the List
According to Forbes’ research of retail crypto traders, asset safety remained the most critical feature that exchange users want. Crypto Users Have Crossed the 500 Million Mark Globally Forbes has released its third annual “Best Crypto Exchange” ranking, evaluating over 200 firms based on security, trading volume, fees, and regulatory compliance. Topping the list is […] Source: https://news.bitcoin.com/forbes-ranks-best-crypto-exchanges-for-2025-cme-group-coinbase-lead-the-list/
Reality Labs bleed grows but Zuckerberg vows ‘pivotal year’ for the metaverse
Meta’s metaverse-building Reality Labs operating losses last year rose 10% to $17.7 billion, taking its total losses since 2020 to over $60 billion. Source: https://cointelegraph.com/news/meta-reality-labs-losses-continue-zuckerberg-pivotal-year-metaverse?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Tesla reports $600M Bitcoin gain in Q4 using new accounting rule
Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings in the fourth quarter of 2024. Source: https://cointelegraph.com/news/tesla-600-million-bitcoin-gain-q4-under-new-fasb-rule?utm_source=rss_feed&utm_medium=rss%3Fref%3D6381&utm_campaign=rss_partner_inbound
Trump crypto order may disrupt Bitcoin’s 4-year cycle: Bitwise
Bitwise’s Matt Hougan said crypto wouldn’t “fully overcome” a four-year cycle but said market pullbacks would be “shorter and shallower” than before. Source: https://cointelegraph.com/news/trump-crypto-executive-order-disrupt-bitcoin-four-year-cycle?utm_source=rss_feed&utm_medium=rss%3Fref%3D6381&utm_campaign=rss_partner_inbound
Utah House Committee Approves Bill for Investment of Public Funds in Digital Assets
The proposed bill which will allow for investment of public funds in eligible digital assets received the House committee’s approval. Utah Accelerates Strategic Bitcoin Reserve Bill Utah’s House Committee on Economic Development has passed a recommendation for Utah’s H.B. 230 Blockchain and Digital Innovation Amendments to be approved. The bill was passed by an 8-1 […] Source: https://news.bitcoin.com/utah-house-committee-approves-bill-for-investment-of-public-funds-in-digital-assets/
Trump crypto order may disrupt Bitcoin’s 4-year cycle: Bitwise
Bitwise’s Matt Hougan said crypto wouldn’t “fully overcome” a four-year cycle but said market pullbacks would be “shorter and shallower” than before. Source: https://cointelegraph.com/news/trump-crypto-executive-order-disrupt-bitcoin-four-year-cycle?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound