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Monero's Market Plummets 32% as Binance Announces Delisting, Sparking XMR’s Turbulence

February 7, 2024

The leading privacy-focused cryptocurrency by market valuation, monero, experienced a sharp 32% decline within the last day after news broke that Binance intends to remove the coin from its platform. Citing non-compliance with its listing criteria, Binance announced that monero, along with three other cryptocurrencies, will be taken off its exchange on Feb. 20, 2024. Monero Faces 32% Value Slash…

Solana Mobile's ‘Chapter 2’ Crypto Phone Surpasses 60,000 Preorders

February 7, 2024

The crypto community has shown remarkable support for Solana Mobile’s upcoming “Chapter 2” smartphone, amassing over 60,000 preorders after its announcement, as the company gears up for a launch in 2025. Solana Mobile’s ‘Chapter 2’ Phone Hits 60K Preorders Ahead…

Beijing Targets Cryptocurrency Mining Operations in New Energy Conservation Plan

February 7, 2024

Beijing is prepared to apply a new policy to strengthen the actions to foster energy conservation in several aspects of the city’s operations, promoting carbon and pollution reduction. The plan proposes to increase the oversight level on Bitcoin mining activities…

Stablecoin Issuer Tether Leads $25 Million Funding Round for Mobile Payment Startup Oobit

February 6, 2024

On Monday, Tether, the leading issuer of stablecoins, revealed its role as the lead investor in the Series A funding round of mobile payment startup Oobit, which successfully garnered $25 million. The investment round saw contributions from notable entities such as Titan Fund, Solana’s Anatoly Yakovenko, and 468 Capital. Oobit Secures $25 Million in Series A Led by Tether With its crypto…

Weekly Crypto Roundup: Standouts From FLR, LINK and Stumbles From MANTA, and CFX

February 6, 2024

In the span from Jan. 29 to Feb. 5, 2024, while bitcoin and ethereum have remained stagnant within their trading ranges, a selection of cryptocurrencies have enjoyed significant weekly upsurges, registering double-digit gains against the U.S. dollar. Specifically, flare…

Taproot Wizards' Quantum Cats NFTs Leap Past Technical Glitches to Amass $11.3M in Bitcoin

February 6, 2024

The sale of Taproot Wizards’ Quantum Cats non-fungible tokens (NFTs) has so far successfully amassed 268.3 bitcoin, equating to $11.3 million at the current market value. This achievement comes despite earlier hurdles that delayed the sale due to technical issues…

Bit.Store and Gate Pay Unveil Gate MiniApp Collaboration for Enhanced Crypto Card Services

February 5, 2024

PRESS RELEASE. Bit.Store, a leading innovator in cryptocurrency card solutions, is thrilled to announce its strategic partnership with Gate Pay, one of the world’s premier cryptocurrency exchanges. This collaboration introduces a groundbreaking Gate MiniApp on Gate.io, designed to seamlessly integrate Bit.Store’s card services within the Gate Pay Ecosystem, offering users an unparalleled…

Genesis Seeks Court Approval to Offload $1.4 Billion in GBTC Assets Post-SEC Settlement

February 5, 2024

After reaching an agreement with the U.S. Securities and Exchange Commission (SEC), the bankrupt company Genesis Global Capital has submitted a petition to the bankruptcy court to dispose of holdings from Grayscale’s Bitcoin Trust, Ethereum Trust, and Ethereum Classic…

9 New ETFs Capture 177,949 Bitcoin, Pulling Nearly 40M BTC off Market After GBTC Outflows

February 5, 2024

In the latest reports, a number of the nine spot bitcoin exchange-traded funds (ETFs) that were launched on Jan. 11, 2024, have increased their bitcoin holdings following the last day of trading activity recorded on Feb. 2, 2024. According to the data, Blackrock’s IBIT now…

Commodity Analyst Mike McGlone Says Gold Glitters Over Bitcoin as Crypto-to-Metal Ratio Plunges Post-2021

February 5, 2024

Bloomberg’s commodity market expert Mike McGlone warns of a potential downturn for bitcoin, highlighting its disappointing performance against gold since its peak in 2021. On Sunday, McGlone pointed out that the bitcoin/gold ratio had plummeted by about 40% from its 2021 zenith of 37 times. McGlone Highlights Bitcoin-to-Gold Ratio, Warns of Potential Downturn vs Gold Mike McGlone, a Bloomberg…