Author: Nola Robert

Article written by Nola Robert

Crypto analyst says Bitcoin can hit $200K by the end of 2025

January 11, 2025 1 min read

Crypto analyst says Bitcoin can hit $200K by the end of 2025. Bitcoin has recently rebounded, trading above $94,000 after a market drop. The main question now is whether this low will hold, potentially allowing for further gains. Previously, Bitcoin reached $100,000 on December 4 and peaked at $108,268 on December 17, which excited investors and marked a significant psychological milestone. The rise in Bitcoin’s value coincided with Donald Trump’s

Portugal’s BiG Bank blocks transfers to crypto platforms

January 9, 2025 1 min read

Banco de Investimentos Globais (BiG), a major bank in Portugal, has decided to block fiat transfers to cryptocurrency platforms. This decision is based on compliance with European regulations and has sparked discussions about Portugal’s changing attitude towards cryptocurrencies. Once a haven for crypto enthusiasts, Portugal is now tightening its regulations. BiG’s move aligns with guidelines from the European Central Bank and the Bank of Portugal, focusing on anti-money laundering and

Mining company MARA (Marathon Digital) lends out 7,377 Bitcoin in 2024

January 6, 2025 1 min read

MARA, previously known as Marathon Digital, has actively engaged in Bitcoin lending throughout 2024, lending out 7,377 BTC to established third parties. The company’s vice president of investor relations, Robert Samuels, highlighted that the lending program is designed for short-term arrangements, yielding modest returns to help offset the operational costs associated with Bitcoin mining. This initiative comes in light of the challenging nature of the mining industry, particularly following the

Coinbase acquires the Cyprus unit of European brokerage Bux

January 5, 2025 1 min read

Coinbase has taken a significant step towards expanding its presence in Europe by acquiring the Cyprus unit of European brokerage firm Bux, which allows the crypto exchange to secure a crucial Markets in Financial Instruments Directive II (MiFID II) license. This acquisition, completed in August, enables Coinbase to enhance its international offerings, particularly in derivatives, which represent approximately 75% of the global crypto market. The company announced the rebranding of

IRS delays new crypto tax cost basis rules to December 2026

January 4, 2025 1 min read

The Internal Revenue Service (IRS) has postponed the implementation of new crypto cost-basis reporting rules, now set to take effect on December 31, 2026, providing brokers with additional time to comply with the complex regulations. Initially scheduled for late 2024, this delay follows requests from brokers and platforms for more time to adapt, offering temporary relief to crypto investors who were scrambling to meet the original deadline. In a recent

XRP trading volume outpaces Bitcoin and Dogecoin on major South Korean exchanges

January 4, 2025 1 min read

The excitement surrounding XRP continues to grow, particularly as it dominates trading volumes on South Korean cryptocurrency exchanges, signaling a potential price rebound. Notably, XRP has outperformed major cryptocurrencies like Bitcoin and Dogecoin in trading activity. Jaime Rogozinski, founder of WallStreetBets, recently highlighted this trend on social media, noting that XRP’s trading volume on platforms such as Upbit, Bithumb, Coinone, and Korbit has surged significantly. For instance, XRP’s trading volume

AI cryptocurrency market cap reaches $16.8 billion

January 3, 2025 1 min read

The cryptocurrency market, particularly driven by artificial intelligence (AI) tokens, has witnessed a remarkable surge, reaching a total market value of $16.8 billion—a 22.3% increase in just 24 hours. CoinMarketCap reports that nine AI tokens now boast market capitalizations exceeding $1 billion, with three of these tokens categorized as AI Agents. This growth is accompanied by heightened trading activity, with $2.3 billion in transactions recorded recently, indicating a rising investor

NYDIG to expand its Bitcoin offering through float financing

December 31, 2024 1 min read

NYDIG, a subsidiary of Stone Ridge, is set to enhance its Bitcoin-backed loan offerings through float financing, as outlined in the firm’s 2024 investor letter. The letter addresses common criticisms regarding Bitcoin’s utility, asserting that it can generate cash flow and serve as collateral for fiat loans. Float, a crucial concept in insurance and asset management, refers to the investable capital from premium payments or reserves. Stone Ridge’s Longtail Re

Christian Lindner urges the ECB and Bundesbank to add Bitcoin to reserves

December 31, 2024 1 min read

Christian Lindner, the ex-finance minister of Germany, has urged the European Central Bank (ECB) and the Bundesbank to think about adding Bitcoin to their reserves. He commended the Trump administration’s crypto policies in the U.S. as forward-thinking and highlighted the importance for Europe to stay aligned with the global move towards digital assets. Lindner pointed out in a parliamentary meeting that cryptocurrencies are becoming more important. He said they are

Coinbase Ethereum layer 2 Base’s daily transaction volume surges 22 times

December 30, 2024 1 min read

Coinbase’s Ethereum Layer 2 network, Base, is becoming an important player in the cryptocurrency world as we near 2025. Base launched in 2023 and has grown significantly in many areas, becoming a platform that is easy to use and affordable for both users and developers. In 2024, Base experienced a significant rise in daily transaction volumes, going from about 415,000 transactions per day in December 2023 to around 9.4 million

Bitwise Asset Management files with the SEC to launch the Bitcoin Standard Corporations ETF

December 30, 2024 1 min read

Bitwise Asset Management has submitted a filing to the SEC for the Bitcoin Standard Corporations ETF, which aims to invest in public companies that possess at least 1,000 Bitcoin in their treasuries. The ETF will focus on equity securities of companies that meet specific criteria, including a minimum market capitalization of $100 million and daily liquidity of at least $1 million, while also maintaining a public float below 10%. Unlike

Three major crypto advocacy groups sue the IRS

December 29, 2024 1 min read

Three major cryptocurrency groups—the Blockchain Association, DeFi Education Fund, and Texas Blockchain Council—are suing the Internal Revenue Service (IRS) over its new rules that impact decentralized finance (DeFi) platforms. The groups argue that the IRS has gone too far by labeling DeFi platforms as brokers, which has caused a strong reaction from the crypto community. The IRS has updated its definition of “broker” to include decentralized exchanges and front-end platforms,