A bitcoin wallet, believed to be linked to Tether, the leading stablecoin issuer, has ascended to become the tenth largest holder of bitcoin. This elevation occurred after an accrual of 8,888 bitcoin from Bitfinex as the year concluded. Presently, the wallet’s holdings total around 66,465.20 bitcoin, with a value nearing $3 billion at existing exchange rates.
Bitcoin’s New Whale: Mystery…
A new research study has partly attributed the growth in the use of bitcoin “as a transactional layer” to the increased number of crypto platforms that have joined the Lightning Network ecosystem. The study however found that just over 6% of centralized crypto exchanges…
Paypal and First Digital Stablecoins Dominate in December as Binance USD Heads Toward Extinction
January 3, 2024
The leading stablecoins, in terms of market capitalization, concluded 2023 with a combined value of around $131.69 billion, yet only two of the top ten experienced increases in 30-day supply. Data reveals that tether, the leading U.S. dollar-pegged crypto asset, observed a…
Orbit Bridge, an inter-blockchain bridging protocol, has confirmed that it was recently exploited, losing over $81.5 million in several assets, including USDT, DAI, USDC, WBTC, and ETH. Orbit Chain is trying to communicate with the group responsible for the attack and has asked cryptocurrency exchanges to freeze stolen assets.
Orbit Bridge Hacked, Losses Registered for Over $81.5 Million
In one…
New Crypto Tax Law Takes Effect in US: Transactions of $10,000 or More Must Be Reported to IRS Within 15 Days
January 3, 2024
A new tax reporting law has entered into force in the U.S. Starting on Jan. 1, all Americans receiving $10,000 or more in crypto in the course of their trade or business must file a report with the Internal Revenue Service (IRS) within 15 days. “If you don’t file a…
The sector of crypto economy dedicated to artificial intelligence (AI) has been expanding steadily, and in the past 34 days, since Nov. 29, 2023, the market capitalization of AI-focused crypto assets has surged by $1.75 billion. A majority of the leading ten AI tokens…
One of the first depictions of the Mickey Mouse character has finally entered the public domain, and it is now immortalized in a non-fungible token collection. A limited edition of 2,000 NFTs featuring the famous mouse in one of its first animated shorts, “Steamboat Willie,” was minted during New Year’s Eve to commemorate the occasion.
Steamboat Willie’s Mickey Mouse Celebrated in NFT…
The expected approval of spot bitcoin exchange-traded funds (ETFs) applications by the U.S. Securities and Exchange Commission will see the top crypto asset’s price jumping to $50,000 in January, the latest market preview by Matrixport has predicted. The crypto financial…
Crypto exchange Coinbase says that it has “extensively prepared” for spot bitcoin exchange-traded fund (ETF) approvals by the U.S. Securities and Exchange Commission (SEC). Most spot bitcoin ETF applicants have named the Nasdaq-listed crypto platform as the custodian for…
'Bitcoin in the West Has Sold out, and Now Only the Global South Can Save BTC' — Ray Youssef – Interview Bitcoin News
January 2, 2024
According to Ray Youssef, the CEO of Noones, peer-to-peer (P2P) bitcoin trading is the United States’ public enemy number one because its potential widespread adoption by people from the Global South represents the “world’s first real threat to the U.S. Treasury system.” Youssef added that the United States’ disdain of P2P marketplaces is also due to its awareness that peer-to-peer…
