Litecoin partners with Coinut to launch Wrapped Litecoin (WLTC) on Ethereum

1 min read

Litecoin (LTC) has teamed up with Coinut, a crypto exchange based in Singapore, to introduce Wrapped Litecoin (WLTC) on the Ethereum blockchain. This exciting development allows Litecoin holders to tap into Ethereum’s diverse features, such as staking, lending, and decentralized applications (dApps), enhancing the overall utility and liquidity for Litecoin users. The WLTC will maintain a 1:1 value with Litecoin, facilitating smooth transactions between the two networks. Coinut’s CEO, Xinxi

Bitcoin soars to a historic $93,000

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Bitcoin has recently reached a remarkable milestone, soaring to an all-time high of $93,000. This achievement is not merely a product of speculation; it reflects a combination of key factors that are driving Bitcoin’s ascent in the financial world. One of the most significant influences has been the influx of institutional investment, with major financial players like BlackRock and Fidelity entering the cryptocurrency market. Their involvement lends credibility to Bitcoin,

A judge has rejected ex-Celsius CEO Alex Mashinsky’s request to drop key fraud charges

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A federal judge has denied Alex Mashinsky’s request to dismiss two significant fraud charges related to his alleged manipulation of the CEL token while he was the CEO of Celsius Network. Facing a total of seven criminal charges, Mashinsky is accused of artificially boosting the value of CEL through misleading tactics that misled investors and harmed the company’s reputation. He is also charged with falsely assuring investors about the platform’s

MicroStrategy makes a $2 billion Bitcoin purchase

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MicroStrategy Inc. has made headlines with its most significant Bitcoin purchase since 2020, acquiring around 27,200 BTC for about $2.03 billion between late October and early November. This move marks a pivotal moment in the company’s ongoing commitment to cryptocurrency, bringing its total Bitcoin holdings to an impressive $24 billion, based on Bitcoin’s recent peak price of over $86,500. The company’s co-founder and chairman, Michael Saylor, first introduced Bitcoin into

Bhutan’s Bitcoin reserves now exceed $1 billion as the nation boosts its holdings through mining

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Bhutan has made headlines by amassing over $1 billion in Bitcoin, thanks to the cryptocurrency’s impressive rise in value this year. According to Arkham Intelligence, the country has been actively mining Bitcoin since 2021 and has ramped up its efforts recently. This surge in holdings aligns Bhutan with other nations, like El Salvador, that are investing in Bitcoin at the state level. Recently, Bhutan transferred around 900 BTC, valued at

MicroStrategy acquires 27,200 more Bitcoin for $2B

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Michael Saylor’s company, MicroStrategy, has made headlines again by purchasing an additional 27,200 bitcoins for nearly $2 billion. This move solidifies MicroStrategy’s position as the largest corporate holder of bitcoin, bringing their total to 279,420 BTC, valued at just under $23 billion as the cryptocurrency reaches record highs above $82,000. The firm has invested a total of $11.9 billion in BTC, which means they are currently enjoying a profit of

Bitcoin Touches Record-High of Over $89K, Up 21% Since Trump Was Elected

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Bitcoin has made headlines by reaching an impressive $89,000 on Monday, following Donald Trump’s recent election win on November 5. This surge represents a remarkable increase of over 21% since the election results were announced. The cryptocurrency has been on a remarkable upward trajectory, adding nearly $20,000 in just a week after dipping to $66,700 on November 6. Interestingly, while Bitcoin thrives, major tech stocks like Apple, NVIDIA, Amazon, Microsoft,

Bitcoin rallies 17% in the last 7 days

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Donald Trump’s recent victory in the U.S. presidential election ignited a significant surge in the cryptocurrency market, with Bitcoin (BTC) reaching an all-time high and pushing the total market cap of crypto beyond $2.7 trillion. Bitcoin alone now boasts a market cap of $1.16 trillion, making it the ninth-largest financial asset globally. Over the past week, Bitcoin experienced a remarkable 17% increase, marking its second-best weekly performance of the year,

Bankrupt crypto exchange FTX sues ex-Binance CEO CZ for nearly $2 billion

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The bankrupt cryptocurrency exchange FTX has initiated legal proceedings against its competitor Binance and its former CEO, Changpeng “CZ” Zhao. This action stems from allegations that FTX’s former CEO, Sam Bankman-Fried, engaged in a fraudulent buyout of Binance’s shares in FTX back in July 2021. Bankman-Fried’s plan involved using FTX’s own token, FTT, along with Binance’s coins, BSB and BUSD, to fund a purchase valued at approximately $1.76 billion. However,

Over $300M in short positions liquidated as Bitcoin surges above $80K

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Bitcoin (BTC) has made headlines by surpassing the $80,000 threshold for the first time ever, thanks to a surprising surge over the weekend that led to the liquidation of $300 million in bearish trades. This 5% increase has pushed its weekly gains to over 16%, coinciding with significant political and economic events, including Donald Trump’s election as U.S. president and a 25 basis point rate cut by the Federal Reserve—both

Bitcoin trading volume hits over $62 billion after BTC surges over $80K

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Bitcoin has made headlines today by hitting a remarkable all-time high of over $80,000, currently trading at around $79,688. This represents a modest increase of 0.96% over the last 24 hours, with a trading volume nearing $62 billion, bringing its total market capitalization to an impressive $1.52 trillion and a market cap ratio of 3.38%. The recent surge in Bitcoin’s price reflects strong demand, bolstered by positive technical indicators and

SHIB burn rate jumps by 1330%, burning over 34 million tokens

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The Shiba Inu community is buzzing with excitement as the burn rate of SHIB tokens has skyrocketed by an impressive 1330%. In just 24 hours, a staggering 34,912,694 SHIB tokens were burned, which is a promising sign for investors. This reduction in supply could enhance the token’s scarcity, potentially driving up its value. Currently, SHIB is trading at $0.00001947, reflecting a 2.36% increase over the past day. The market capitalization