Author: Emma Davis

Article written by Emma Davis

Bitcoin hits record high of $110,000 ahead of Trump’s inauguration

23 hours ago 1 min read

Bitcoin reached a new all-time high of $110,000, driven by positive sentiment surrounding pro-crypto U.S. President-elect Donald Trump. This surge occurred just before his inauguration, with Bitcoin rising 3.8% in 24 hours. Currently, it trades at $108,797. Ether also saw gains, climbing 4.7% to $3,431, while Solana and Dogecoin experienced declines. The price increase in Bitcoin reflects expectations for more favorable crypto policies in the U.S. Ben El-Baz from HashKey

$TRUMP meme coin surges 1,000% in 24 hours

January 19, 2025 1 min read

Donald Trump has introduced his official memecoin, TRUMP, which has seen a remarkable price surge since its launch. The TRUMP token’s value jumped nearly 10,000%, rising from around $4 to $78.80. This rapid growth has positioned TRUMP among the top four meme coins by market capitalization, outpacing established tokens like Pudgy Penguins and Floki Inu. Arthur Hayes, the former CEO of BitMEX, shared his views on the TRUMP token, describing

Coinbase reintroduces Bitcoin-backed loans in the U.S.

January 19, 2025 1 min read

Coinbase has reintroduced Bitcoin-backed loans in the U.S., allowing users to borrow against their Bitcoin assets. This service is not available to New York residents and enables U.S. account holders to access up to $100,000 in USD Coin (USDC) using their Bitcoin as collateral. The exchange has partnered with Morpho Labs, a decentralized finance protocol, to facilitate the lending process on Base, Coinbase’s Ethereum layer-2 network. Max Branzburg, Coinbase’s vice

The US SEC is likely to approve Litecoin ETF

January 16, 2025 1 min read

A Litecoin exchange-traded fund (ETF) is likely to be the next crypto ETF approved in the U.S., according to Bloomberg Senior ETF Analyst Eric Balchunas. His comments follow Canary Capital’s recent submission of an amended S-1 form for its Litecoin ETF. The S-1 form is a registration document filed with the Securities and Exchange Commission (SEC) for new securities. Balchunas noted that the SEC had provided feedback on the Litecoin

Court Demands SEC to Justify Its Stance on Crypto Rules After Coinbase Dispute

January 15, 2025 1 min read

The U.S. Court of Appeals for the Third Circuit has asked the SEC to clarify its refusal to establish clear regulations for cryptocurrencies. This request follows Coinbase’s appeal after receiving a Wells Notice from the SEC in March 2023, which accused the exchange of violating securities laws. One judge emphasized that the court is not forcing the SEC to create new rules but wants an explanation for its inaction. Another

JPMorgan CEO Jamie Dimon criticizes Bitcoin as lacking value

January 14, 2025 1 min read

Jamie Dimon, the CEO of JPMorgan, has expressed his skepticism about Bitcoin, likening it to an unhealthy habit like smoking. In a CBS News interview on January 12, he criticized Bitcoin for lacking intrinsic value and being associated with illegal activities such as money laundering and sex trafficking. Although he sees potential in digital currencies, Dimon remains opposed to Bitcoin specifically. Dimon clarified that he is not against all cryptocurrencies

Leading NFT marketplace OpenSea data breach exposes over 7M email addresses

January 14, 2025 1 min read

In June 2022, OpenSea, a leading NFT marketplace, experienced a significant data breach. A Customer.io employee accidentally exposed over seven million email addresses of OpenSea users. Initially, OpenSea informed users about the breach, but the complete list of affected emails was released later. This leak poses a serious risk as scammers may target these users. The leaked emails include addresses from notable figures and organizations in the cryptocurrency sector, making

Kenya plans to legalize cryptocurrencies

January 12, 2025 1 min read

Kenya is moving towards legalizing cryptocurrencies, according to Treasury Cabinet Secretary John Mbadi. This marks a significant change from the government’s earlier warnings about the crypto industry. Mbadi highlighted the rise of Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs), which present both opportunities and challenges in the financial system. He emphasized the importance of creating a regulatory framework to harness the benefits of cryptocurrencies while addressing risks like

Shareholders suggest Meta assess Bitcoin as a potential treasury asset

January 12, 2025 1 min read

Meta Platforms Inc. shareholders are urging the company to consider adding Bitcoin to its Treasury. They are concerned about inflation diminishing the value of Meta’s $72 billion cash reserves. Shareholder Ethan Peck is advocating for a formal evaluation of Bitcoin’s potential role in preserving value amid rising inflation. He argues that inflation is consistently reducing the purchasing power of Meta’s cash holdings. As of September 30, 2024, Meta reported $72

Trump’s administration plans to create the first Senate crypto subcommittee

January 11, 2025 2 mins read

The U.S. Senate Banking Committee, led by Senator Tim Scott, is set to establish a new subcommittee focused on cryptocurrency. This initiative will mirror the House Financial Services Committee, which is currently led by Patrick McHenry. Reports suggest that Republican Senator Cynthia Lummis from Wyoming will chair this subcommittee, with members to be selected soon. This development is viewed as a major advancement for crypto regulations in the U.S., reflecting

Grayscale Investments rebalances its crypto fund

January 11, 2025 1 min read

Grayscale Investments, a prominent crypto asset manager, has rebalanced four key investment funds for 2025 following its Q4 2024 portfolio review. The funds affected are the Grayscale Decentralized AI Fund (AI Fund), Decentralized Finance Fund (DeFi Fund), Digital Large Cap Fund (GDLC Fund), and Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund). In the AI Fund, Grayscale sold some assets and introduced Livepeer (LPT) along with tokens like NEAR Protocol, Render,

Riot Platforms mined 516 Bitcoin in December

January 8, 2025 1 min read

Riot Platforms reported a Bitcoin production of 516 BTC in December 2024, which is a 4% increase from November’s 495 BTC. However, this figure represents a 17% decline compared to December 2023, when 619 BTC were mined. Daily production also fell from 20 BTC in December 2023 to 16.5 BTC in December 2024. The company is expanding its Corsicana facility in Texas, completing the first 400 MW development phase. CEO