Bitcoin’s rally shows no signs of slowing as it edges toward $90,000 in what is shaping up to be its best weekly run since the United States banking crisis in 2023. The Bitcoin (BTC) price surpassed the $85,000 record high on Nov. 11, but just as a temporary pit stop. The world’s first cryptocurrency is trading at $88,879 as of…
Dennis Porter, the co-founder of the Satoshi Action Fund, has recently revealed that several nations have contacted him to help establish a national bitcoin reserve. He stated that hyperbitcoinization at a nation-state level is advancing “faster than expected.” Satoshi Action Fund’s Dennis Porter: ‘The Lawmaker FOMO on Bitcoin Is Real’ The expected pro-crypto character of […] Source: https://news.bitcoin.com/satoshi-action-funds-dennis-porter-heralds-the-arrival-of-nation-state-hyperbitcoinization/
An Ethereum researcher’s social media post has sparked speculation over a potential solution for the layer-1 blockchain’s scalability challenges. On Nov. 11, Ethereum researcher Justin Drake posted on X that he would announce an “ambitious” initiative for Ethereum. Drake said he had contemplated a “from-scratch” redesign of the Ethereum consensus layer, which some interpret as a step toward solving its…
In a recent social media post, Openai CEO Sam Altman shared his optimistic outlook for the future of cryptocurrency, expressing confidence in the industry’s potential for growth and innovation. He emphasized the remarkable progress made at the blockchain ID company he co-founded, World (formerly known as Worldcoin), over the past year, crediting the team’s exceptional […] Source: https://news.bitcoin.com/sam-altman-shares-optimism-for-cryptocurrencys-bright-future/
A crypto memecoin investor holding Gigachad (GIGA) tokens has lost $6.09 million in a phishing attack involving a fake Zoom meeting link. On Nov. 12, GIGA recorded an unusual price drop triggered by a massive sell-off event. Soon after, a prominent pseudonymous GIGA investor ‘Still in the Game’ proactively alerted against the involvement of a hacker: “Just want to be…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how the policies of President Javier Milei and President Nayib Bukele can guide President-Elect Trump in completing several reforms in America. Latam Insights Encore: Trump May Take Cues From Argentina […] Source: https://news.bitcoin.com/latam-insights-encore-how-argentina-and-el-salvador-can-influence-trumps-revolution/
The United States spot Ether exchange-traded funds (ETFs) have recorded their biggest day of inflows in history, as the crypto market continues to rally after Trump’s election victory. The ETFs, which launched in July, recorded $294.9 million in inflows on Nov. 11 — smashing its previous record of $106.6 million on launch day. The Fidelity Ethereum Fund (FETH) led the…
Electric vehicle company Tesla’s strategic bet on Bitcoin is proving lucrative, with the company now holding over $1 billion worth of the world’s largest crypto. The automaker currently holds 11,509 BTC, which has appreciated significantly in value as Bitcoin hit an all-time high of $89,560, as per data from blockchain analytics firm Arkham Intelligence. In February 2021, Tesla announced it…
Rumors swirl around the potential for nation states to acquire large reserves of bitcoin (BTC), sparking debates on the risks and benefits for the cryptocurrency’s future. Could Nation States Holding Bitcoin Spark Hyperbitcoinization? In recent days, rumors have emerged about nation state accumulating substantial amounts of bitcoin, with some speculation even suggesting a coordinated effort […] Source: https://news.bitcoin.com/bitcoin-at-a-crossroads-how-nation-state-acquisitions-could-reshape-cryptocurrency/
The world’s largest stablecoin issuer, Tether, has launched an open-source wallet development kit (WDK) to enable businesses and developers to integrate non-custodial wallets into any website or app — and it’s even designed to work with AI agents. On Nov. 11, Tether announced the launch of its WDK Wallet Development Kit, which it described as a modular software development kit…
