Crypto News

Crypto trading on exchanges hits $10.4 trillion in November

December 5, 2024 1 min read

In November, centralized crypto trading hit a significant milestone, reaching $10.4 trillion in volume, according to CCData. This increase was mainly caused by derivatives trading, which made up most of the activities on centralized exchanges. Trading volume went up along with positive changes in regulations and more interest from institutions in cryptocurrencies. People felt hopeful about Donald Trump’s election win, which led to expectations for friendlier rules for cryptocurrencies. This

Bitcoin (BTC) shows strong buying pressure after surging above $103K

December 5, 2024 1 min read

Bitcoin has recently crossed the important $100,000 level, reaching a peak of about $103,670 before stabilizing at around $102,000. Bitcoin’s market capitalization has surpassed $2 trillion for the first time, thanks to a 7.2% increase in just 24 hours. The crypto has performed well over the past month, gaining 50%. This is due to increased interest from institutions, more money flowing into exchange-traded funds (ETFs), and a positive outlook in

The price of bitcoin surges above $100,000 for the first time with over $2 trillion market cap

December 5, 2024 1 min read

Bitcoin has achieved a historic milestone, surpassing the $100,000 threshold for the first time, driven by strong institutional demand, corporate investments, and optimistic expectations regarding crypto-friendly policies under Donald Trump’s presidency. With a remarkable year-to-date increase of approximately 130%, Bitcoin’s market cap has reached $2 trillion, positioning it among giants like Nvidia, Apple, Microsoft, Google, and Amazon. A significant catalyst for this surge has been the anticipated launch of spot-based

With Donald Trump’s return, the crypto industry anticipates rapid progress on pro-crypto laws

December 4, 2024 1 min read

As Donald Trump prepares to assume office as the 47th President of the United States, optimism is rising in the cryptocurrency sector. Many believe his administration will introduce supportive regulations and foster a pro-crypto environment. Coinbase Chief Policy Officer Faryar Shirzad recently shared his belief that crypto-related legislation could advance swiftly under the new leadership. In an interview with CNBC, he noted that Trump, along with what he called the

Arthur Hayes calls for a return to decentralized ICOs

December 4, 2024 1 min read

Arthur Hayes, co-founder of BitMEX, is advocating for a revival of initial coin offerings (ICOs) with a focus on decentralization and retail participation. In his essay, “How to Make ICOs Great Again,” Hayes critiques the growing influence of venture capital (VC) firms and centralized exchanges (CEXs) in the crypto ecosystem, arguing that these entities have sidelined retail investors in favor of institutional interests. Hayes asserts that the crypto movement has strayed from

MOODENG price surges by over 68% after Coinbase announced listing

December 2, 2024 1 min read

Moo Deng (MOODENG), a meme coin inspired by the viral baby hippo craze in Thailand, has seen a dramatic price surge following a significant announcement from Coinbase. On December 2, Coinbase revealed that Moo Deng was added to its listing roadmap, prompting a 66% price increase as the community reacted positively to the news. This development has propelled MOODENG back to levels seen around November 18, recovering from a recent dip after

XRP surges by over 20% in 24 hours, surpassing Tether (USDT) in market cap

December 2, 2024 1 min read

XRP (XRP) has surged in recent weeks, reclaiming its position as the world’s third-largest digital asset by market capitalization at $139 billion. This rise has displaced Tether’s USDT and reflects renewed market interest, particularly among retail traders. Factors like XRP trends on TikTok, speculation around a Ripple-issued stablecoin, and potential ETF approval are driving this momentum, according to Mena Theodorou, co-founder of Coinstash. Meanwhile, Bitcoin (BTC) continues to battle the psychological $100,000 milestone, trading

Brazilian congressman Eros Biondini proposes a national bitcoin reserve

December 2, 2024 1 min read

Brazilian congressman Eros Biondini has introduced a bill to establish a national bitcoin reserve called ResBit. The proposal suggests Brazil’s central bank gradually acquire bitcoin until it comprises 5% of the country’s national reserves. Biondini’s initiative aligns with similar moves in the U.S., where Republican Senator Cynthia Lummis is advocating for a federal bitcoin reserve. Lummis’ proposal, unveiled at the Bitcoin 2024 conference, calls for the U.S. Treasury to accumulate

Brazil’s central bank proposes banning foreign-backed stablecoin transfers to private wallets

December 1, 2024 1 min read

Brazil’s central bank has introduced a draft proposal for strict regulations on stablecoins, aiming to align crypto operations with traditional financial rules. Announced on November 29, the proposal includes a ban on transferring foreign-backed stablecoins to self-custody wallets. If approved, crypto exchanges would prohibit users from moving these tokens to private wallets, treating them similarly to other financial assets like foreign investments. The central bank justifies the move as a

Vancouver’s mayor proposes creating a Bitcoin reserve to strengthen the city’s finances

November 30, 2024 1 min read

Vancouver Mayor Ken Sim has proposed the establishment of a Bitcoin reserve to strengthen the city’s financial strategy. The plan, set to be formally introduced on December 11, aims to evaluate Bitcoin’s potential to diversify resources and hedge against economic uncertainty. This initiative reflects a broader trend of governmental interest in cryptocurrency adoption. Sim’s vision aligns with Vancouver’s ambition to become North America’s most Bitcoin-friendly city. The city already hosts

Over $10 billion in Bitcoin and Ethereum options expire today

November 30, 2024 1 min read

Today marks a significant day for the crypto market as over $10 billion worth of Bitcoin and Ethereum options are set to expire. This event could have a significant impact on market trends and potentially cause short-term volatility. Analysts are closely monitoring the put-to-call ratios for both BTC and ETH options. A higher preference for call options indicates bullish sentiment among traders. However, the maximum pain points for both assets

Switzerland approves a motion to explore Bitcoin mining

November 30, 2024 1 min read

Switzerland has approved a motion to study the feasibility of Bitcoin mining, signaling a progressive step toward integrating crypto into traditional energy and financial systems. The Council of State will lead the initiative, focusing on how Bitcoin mining could utilize surplus energy and stabilize the electricity grid in the Canton of Bern. The Council will assess potential benefits and challenges, including identifying untapped energy sources and collaborating with local mining