News

Major Updates On AAVE Price, BNB & BlockDAG Network – Top Reasons To Watch These Altcoins 

3 hours ago 4 mins read

AAVE, BNB, and BlockDAG are gaining significant attention in the crypto market, with each showing impressive growth potential. AAVE has surged by 85% since September 2024, now just 11% short of reaching a new yearly high. This remarkable performance has caught the eye of many market participants.  Similarly, Binance Coin (BNB) is on the brink of a bullish breakout, with its inverse head and shoulders pattern pointing to a possible

Bitwise chief investment officer Matt Hougan believes Bitcoin (BTC) will hit $100,000

October 21, 2024 1 min read

Matt Hougan, the chief investment officer at Bitwise, is sharing his insights on what could drive Bitcoin’s price to reach $100,000 and beyond. He believes that current macroeconomic trends and on-chain data indicate that Bitcoin is on the verge of significant price increases. Hougan points out that major central banks are implementing more relaxed monetary policies just as Bitcoin’s supply is decreasing due to this year’s halving event, which cut

The NYSE and the CBOE to list options contracts for BTC-based ETFs

October 21, 2024 1 min read

The U.S. Securities and Exchange Commission (SEC) has given the green light for Bitcoin options exchange-traded funds (ETFs) to be listed on two prominent U.S. exchanges: the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE). This decision follows the SEC’s recent approval of a rule change from Nasdaq, allowing options on the iShares Bitcoin Trust (IBIT), which has shown promising outcomes. The SEC highlighted that these

Bitcoin dominance surges to 58% as ETF as institutional inflows continue

October 20, 2024 1 min read

This week has been a pivotal one for the crypto world, with Bitcoin (BTC) experiencing a notable surge of 10.48%, peaking at $69,000. As it approaches the significant psychological threshold of $70,000, there’s a sense of optimism among investors, especially since no major economic reports are anticipated to hinder its progress in the coming week. A key driver behind Bitcoin’s impressive rally was the recent approval by the U.S. Securities

ethOS launches dGEN1, a device for Ethereum on-chain dApp interactions

October 20, 2024 1 min read

ethOS, the Ethereum-focused operating system, has introduced an exciting new device called the dGEN1, which aims to revolutionize how users interact with decentralized applications (dApps) on the Ethereum network. Dubbed “the first on-chain everyday carry,” the dGEN1 is tailored specifically for those immersed in Ethereum’s growing ecosystem. Unlike other blockchain devices like the Solana Mobile Saga, the dGEN1 does not support telecom features, focusing exclusively on Ethereum interactions. It runs

Vitalik Buterin outlines Ethereum’s next phase

October 20, 2024 1 min read

Vitalik Buterin, co-founder of Ethereum, recently shared insights about the platform’s upcoming developments, particularly a phase known as “The Surge.” This initiative aims to significantly enhance Ethereum’s transaction capabilities, targeting an impressive 100,000 transactions per second (TPS). To achieve this, the team is focusing on innovative technologies such as rollups, sharding, and Layer-2 (L2) solutions, all while keeping the platform decentralized. Buterin highlighted the pivotal role of rollups, which allow

Investor confidence in Bitcoin is rising, as shown by a surge in new whale wallets

October 19, 2024 1 min read

Bitcoin’s recent price trends and its ability to navigate previous hurdles have sparked a wave of optimism among investors, resulting in a notable increase in the number of large holders, often referred to as “whales.” This growing confidence in Bitcoin’s future is reflected in the significant uptick in whale wallets, as highlighted by Ki Young Ju, the CEO of CryptoQuant. He pointed out that these large investors are rapidly accumulating

The US is lagging in stablecoin adoption due to regulatory challenges

October 19, 2024 1 min read

In 2024, the growth of stablecoins in the United States has hit a snag, even as Bitcoin gains traction following the introduction of spot Bitcoin exchange-traded funds. Recent studies indicate a drop in transactions on US-regulated platforms, primarily due to regulatory hurdles and limited adoption domestically. In contrast, stablecoins from emerging markets are experiencing a surge in usage. Around the world, stablecoins are increasingly being utilized for value transfers and

Worldcoin rebrands to ‘World’ and introduces several new features

October 18, 2024 1 min read

Worldcoin has officially rebranded itself as “World,” a change announced by co-founders Sam Altman and Alex Blania during a recent event in San Francisco on October 17. This rebranding comes alongside exciting updates aimed at expanding their blockchain-based identity verification technology, which focuses on establishing ‘proof-of-humanity.’ A significant highlight of the event was the introduction of a new version of their biometric identification device, the Orb. This next-generation Orb is

Binance Labs invests in Lombard, a Bitcoin liquid staking platform

October 18, 2024 1 min read

Binance Labs has recently invested in Lombard, a platform specializing in Bitcoin liquid staking, with a strong emphasis on security and enhancing cross-chain DeFi capabilities. While the specific investment amount remains undisclosed, this partnership underscores Binance Labs’ dedication to helping Lombard grow into a multi-chain staking protocol. Lombard’s LBTC token has rapidly gained popularity, capturing 40% of the Bitcoin liquid staking token market. The company aims to build on this

Grayscale files to convert its $524M Digital Large Cap Fund into an ETF

October 17, 2024 1 min read

Grayscale Investments is making strides in the crypto space by seeking approval from the US Securities and Exchange Commission (SEC) to transform its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF). This fund, which currently trades over the counter, provides investors with a diversified portfolio that includes major digital currencies like Bitcoin, Ether, Solana, Ripple, and Avalanche. With $524 million in assets under management, the GDLC primarily focuses

Italy plans to raise the capital gains tax on crypto from 26% to 42%

October 17, 2024 1 min read

Italy is gearing up to raise its capital gains tax on Bitcoin and other cryptocurrencies from 26% to an eye-popping 42%. This announcement came from Vice Economy Minister Maurizio Leo during a press conference about the country’s 2025 budget, where he outlined new measures aimed at generating funds to support families, youth, and businesses. This tax overhaul represents a major departure from the existing framework that has been in place