News

Crypto ATMs Boom, Coinbase Debuts AI-Powered Agents & Plus Wallet Simplifies Crypto Management

November 16, 2024 4 mins read

Coinbase’s new “Based Agent” on the Base blockchain allows users to create their own AI-powered crypto agent in just three minutes. This step towards simplified crypto solutions aligns with the global crypto ATM market’s expected growth to $2.58 billion by 2032. Adding to this trend, Plus Wallet provides seamless cross-chain functionality for easy asset management. In today’s multi-chain environment, Plus Wallet offers a complete solution that makes managing digital assets

Pennsylvania lawmakers propose a bill to allow state investments in bitcoin

November 16, 2024 1 min read

Pennsylvania lawmakers have proposed the Strategic Bitcoin Reserve Act, a bill that would allow the state treasurer to invest in Bitcoin, digital assets, and crypto-based exchange-traded products. Sponsored by Republican Representatives Mike Cabell and Aaron Kaufer, the bill aims to use Bitcoin as a hedge against inflation, offering a tool to protect state finances from economic uncertainty. Rep. Cabell emphasized that institutions and governments, including the U.S., have already adopted Bitcoin

Bitcoin’s surge propels Coinbase and Robinhood to top app rankings

November 15, 2024 1 min read

The recent Bitcoin (BTC) rally has sparked a resurgence in retail interest, driving cryptocurrency trading apps like Coinbase and Robinhood to climb global app store rankings. Coinbase made a dramatic leap from 435th to 9th place, reflecting renewed enthusiasm among retail investors eager to engage with Bitcoin’s rising value. Robinhood also surged to 13th, while CashApp ranked 30th, signaling increased demand for accessible trading platforms. Historically, Bitcoin price spikes have

BlackRock’s Bitcoin ETF surges to $40 billion in assets in just 211 days

November 15, 2024 1 min read

BlackRock’s Bitcoin ETF, IBIT, has achieved unprecedented growth, amassing $40 billion in assets within 211 days, making it the fastest-growing ETF to date. Now ranked in the top 1% of ETFs by assets, IBIT’s rapid ascent underscores both strong institutional interest and BlackRock’s strategic approach, including a record single-day acquisition of nearly 9,000 BTC. With Bitcoin prices soaring above $93,000, IBIT’s performance has become a defining marker in the current

Tesla’s Bitcoin investment surges past $1 billion, netting a $495 million profit

November 15, 2024 1 min read

Tesla’s Bitcoin (BTC) holdings have now surpassed $1 billion, generating a $495 million profit thanks to recent price increases. Tesla initially invested in Bitcoin in early 2021, purchasing around 43,200 BTC for $1.5 billion, influenced by CEO Elon Musk’s support for cryptocurrencies. This move not only strengthened Tesla’s financials but also inspired other corporations to consider digital assets. Although Tesla later sold part of its Bitcoin holdings, it retained a

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

November 13, 2024 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

November 13, 2024 2 mins read

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

November 13, 2024 2 mins read

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

November 13, 2024 2 mins read

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

November 12, 2024 1 min read

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

November 12, 2024 1 min read

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

November 12, 2024 1 min read

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,