On Thursday, bitcoin, the leading cryptocurrency, descended to an intraday low of $91,215, reflecting a decline exceeding 3% against the U.S. dollar. The collective valuation of the crypto economy contracted by 2.5% in the past 24 hours, settling at $3.22 trillion. Bitcoin Battles to Stay Afloat as Market Faces South Korean Premium Over the preceding […] Source: https://news.bitcoin.com/crypto-economy-tumbles-bitcoin-nears-90k-as-sell-off-intensifies/
XRP’s market structure suggests that the altcoin is gearing up for a run to new all-time highs. Source: https://cointelegraph.com/news/xrp-price-preps-for-powerful-move-above-2-90-as-sentiment-metrics-signal-optimism?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
It’s not clear if all derivative assets that require bitcoin as collateral are fully backed as many assume. Is the Bitcoin Derivative Asset Market Built on a House of Cards? Some bitcoin (BTC) derivatives that claim to be fully backed by the cryptocurrency could be on shaky ground, according to a blog post by Bitcoin […] Source: https://news.bitcoin.com/wrapped-bitcoin-derivatives-concerns-around-lack-of-transparency-emerge/
China banker says Trump’s Bitcoin plan contradicts his US dollar dreams as Hong Kong busts deepfake AI pig butcher scammers. Asia Express. Source: https://cointelegraph.com/magazine/china-ex-banker-bashes-trumps-bitcoin-policy-deepfake-scammers-busted-asia-express/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
FV Bank, a U.S.-licensed digital bank, has announced the integration of Paypal USD (PYUSD), a stablecoin, into its banking platform. This addition expands the bank’s stablecoin offerings, enabling direct deposits and outbound payments for account holders. FV Bank Enables Paypal Stablecoin for Instant Cross-Border Payments FV Bank‘s newly implemented feature allows customers to receive PYUSD […] Source: https://news.bitcoin.com/fv-bank-integrates-paypals-pyusd-stablecoin-for-real-time-transactions/
PRESS RELEASE. The battle for supremacy in the cryptocurrency market is often marked by innovation, bold ideas, and game-changing technology. But if you’re keeping an eye on Ethereum’s sluggish performance, you might be distracted from one of the most exciting developments in crypto right now—the Lightchain AI presale, now in Stage 12 and rapidly closing […] Source: https://news.bitcoin.com/ethereum-price-lags-behind-lightchain-ai-presale-as-the-testnet-launch-draws-near/
The former FTX CEO is currently serving a 25-year sentence awaiting appeal, while the Silk Road founder was sentenced to life in prison in 2015. Source: https://cointelegraph.com/news/president-joe-biden-pardon-sam-bankman-fried-silk-road-ross-ulbricht?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A look at Bitdeer’s operational update revealed a drop in its mining output in Dec. 2024, although its bitcoin holding remains healthy. Bitdeer Repays $10 Million Principal Balance on Senior Notes Despite Drop in BTC Production Bitdeer’s latest mining and operational update showed that its self-mining output in Dec. 2024 was 145 BTC, a 3% […] Source: https://news.bitcoin.com/bitdeer-reports-a-3-drop-in-self-mined-bitcoin-production/
Bitcoin’s ability to hold the $100,000 is being suppressed by rising treasury yields and a strengthening dollar. Is the “Trump trade” ending? Source: https://cointelegraph.com/news/bitcoin-s-trump-trade-dented-by-rising-yields-and-strong-us-dollar?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin’s recent price woes near $92,000 are short-term, and one analyst says traders should ignore the market noise. Source: https://cointelegraph.com/news/is-the-bitcoin-bull-run-ending-analyst-says-metrics-don-t-point-to-a-market-peak-yet?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
