Crypto Magazine | Crypto News & More @cryptomagazine Channel on Telegram

Crypto Magazine | Crypto News & More

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@CryptoMagazine: Your Daily Dose of Crypto Insight!
Stay ahead of the curve with the latest news, expert analyses, market trends, and insider tips

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Crypto Magazine | Crypto News & More (English)

Are you fascinated by the world of cryptocurrencies and blockchain technology? If so, then the Crypto Magazine Telegram channel is the perfect place for you! With the username @cryptomagazine, this channel offers a daily dose of crypto insight that will keep you informed and ahead of the curve.

Stay up-to-date with the latest crypto news, expert analyses, market trends, and insider tips all in one convenient location. Whether you're a seasoned investor or just starting out in the world of cryptocurrency, Crypto Magazine has something for everyone.

For those looking to expand their knowledge and stay informed about the ever-changing world of crypto, this channel is a must-follow. And if you're interested in collaborating or partnering with Crypto Magazine, you can contact @JakeManager for cooperation opportunities.

In addition to the valuable insights and news provided, Crypto Magazine also offers a trading channel, @ChartsSignalsTrading, for those looking to delve deeper into the world of crypto trading.

Don't miss out on the opportunity to join a community of like-minded individuals who share your passion for cryptocurrencies. Follow Crypto Magazine on Telegram today and take your crypto knowledge to the next level!

Crypto Magazine | Crypto News & More

19 Nov, 20:40

🇷🇺 Russia approves 15% tax on crypto mining and transactions

Russia has approved an amendment to a draft bill introducing taxes on crypto transactions and mining activities, Interfax reported on Nov. 19. The legislation will classify cryptocurrencies as property for tax purposes. As a result, income generated from Bitcoin mining and trading will be subject to taxation.

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18 Nov, 19:29

💰 Crypto funds see $2.2 billion inflow, pushing 2024 total to $33.5 billion

Last week, digital asset investment products saw $2.2 billion in inflows, reflecting a broader market uptrend driven by Donald Trump’s recent victory at the just-concluded US presidential election. In the first half of the week, inflows peaked at $3 billion, lifting total assets under management (AUM) to an all-time high of $138 billion. However, Bitcoin’s record price performance during the period prompted an outflow of around $866 million, resulting in a net inflow of $2.2 billion.

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17 Nov, 08:29

💰 Long-term holders are locking in profit after Bitcoin’s rally to new ATHs

Since Nov. 12, the Bitcoin market has entered a phase of significant profit-taking, with daily realized profits averaging around $5 billion — marking the highest profit levels in over a month, according to CryptoQuant data. On Nov. 12, Bitcoin investors recorded $5.1 billion in profits as the asset traded near $88,000. By Nov. 13, profits declined slightly to $4.75 billion but rose again to $4.8 billion on Nov. 14, with Bitcoin’s price reaching a new all-time high above $93,000.

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16 Nov, 05:54

💰 Bitcoin retail investor demand hits 52-month high as market momentum builds: CryptoQuant

Bitcoin’s retail investor activity has surged to a 52-month high, signaling a return of strong retail trading interest, according to CryptoQuant. Key metrics such as retail investor demand and funding rates indicate renewed enthusiasm fueled by surging altcoin markets and growing mainstream attention.

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15 Nov, 08:04

💰 US Bitcoin ETFs now hold 1 million Bitcoin worth $96 billion

US-traded spot Bitcoin (BTC) exchange-traded funds (ETF) collectively hold approximately 1.07 million BTC as of Nov. 14, worth nearly $96 billion at current prices. Bloomberg ETF analyst James Seyffart highlighted that the ETFs might soon surpass Bitcoin’s pseudonymous creator Satoshi Nakamoto’s stash, estimated at 1.1 million BTC.

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14 Nov, 05:35

💰 Bitwise CIO believes investors are ‘still early’ until Bitcoin reaches $500k

Bitwise CIO Matthew Hougan believes that investors are “still early” until Bitcoin (BTC) claims the $500,000 price zone for Bitcoin (BTC). In a recent investor note, Hougan highlighted that the current environment makes him feel that the $100,000 mark could be “right around the corner.” Bitcoin registered a new all-time high of $93,523.65 on Nov. 13, marking its best day in history and a 130% year-to-date gain.

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13 Nov, 05:30

🪙 Trump confirms ‘DOGE’ efficiency dept. will be led by Musk and Ramaswamy as Dogecoin’s market cap swells

U.S. President-elect Donald Trump announced that he has chosen Tesla CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy to lead the Department of Government Efficiency. “Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” Trump wrote in his announcement.

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11 Nov, 18:45

💰 MicroStrategy shares rise 10% after $2 billion Bitcoin acquisition at $74.4k

MicroStrategy has announced a major Bitcoin acquisition, securing approximately 27,200 BTC for $2.03 billion between Oct. 31 and Nov. 10, according to a Nov. 11 statement. This purchase comes amid a broader crypto market rally that has seen Bitcoin price rally to a new all-time high of more than $82,000.

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10 Nov, 07:40

💰 Top 11 Bitcoin miners see monthly production rise 13% in October despite rising difficulty

The top 11 Bitcoin mining companies by market capitalization have achieved record monthly production levels in October, the highest since the April halving event. Data from Farside shows that every major publicly listed miner, except Terawulf, posted month-over-month production growth. Collectively, these companies increased production by 13%, bringing total Bitcoin mined in October to 3,630 BTC.

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07 Nov, 19:45

🪙 Ethereum Foundation launches Mekong Testnet ahead of Pectra upgrade

The Ethereum Foundation has introduced the Mekong Testnet, a short-term testing environment designed to allow developers to explore new features from the upcoming Pectra upgrade before its mainnet release. In a blog post on Nov. 7, the Foundation said the Mekong Testnet incorporates all Ethereum Improvement Proposals (EIPs) intended for Pectra. These proposals focus on enhancing various aspects of the Ethereum network, including user experience (UX), staking processes, and deposit and withdrawal mechanisms.

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07 Nov, 09:09

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

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06 Nov, 15:50

💰 Bitcoin breaks new all-time high above $74,000 amid Trump's early lead on Election Day

Bitcoin's price has crossed the $73,737.94 mark to set a new all-time high, as the market processes Republican candidate Donald Trump’s early lead in the 2024 presidential election. Bitcoin has risen 9.5% over the past 24 hours to currently change hands at around $74,700, according to The Block’s price page.

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06 Nov, 14:46

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

Stay ahead with:

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05 Nov, 17:35

💰 Bitcoin mining difficulty reach all-time high on US election day

Bitcoin mining difficulty has reached a historic peak, surpassing 100 trillion on the same day as the US elections, signaling an intense landscape for miners. On Nov. 5, Bitcoin’s mining difficulty jumped 6.24%, reaching 101.65 trillion at block height 868,896, setting a new all-time record. This marks the 23rd difficulty adjustment of 2024, with 14 of these increases pushing the total difficulty by 40% this year.

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04 Nov, 19:35

💰 Solana saw its highest monthly active addresses, surpassing 120 million in October

Solana had its highest-ever monthly number of active addresses, over 123 million, last month. According to The Block's data dashboard, the number of unique addresses that signed transactions across Solana increased by over 42% from September's figure. The network had less than 12.7 million active addresses in January this year.

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03 Nov, 16:29

💰 Ramaswamy's Strive launches wealth management arm to bring Bitcoin to standard portfolios

Strive Enterprises, an asset manager co-founded by Trump surrogate and onetime Republican candidate for President Vivek Ramaswamy and businessman Anson Frericks, launched its new wealth management business on Friday. The wealth management arm's focus is "...integrating Bitcoin into standard portfolios of everyday Americans as a hedge against...unsustainable global debt levels, rising fixed income yields, long-run inflationary pressures, persistent geopolitical pressures, and potential restrictive monetary controls," a press release states.

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02 Nov, 08:35

💰 21Shares files S-1 application for an XRP ETF

Asset management company 21Shares has joined the list of firms that have filed applications with the US Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). On Nov. 1, 21Shares submitted an S-1 form to register its Core XRP Trust shares for listing on the Cboe BZX Exchange. Coinbase, the largest crypto exchange in the US, would serve as the fund’s custodian.

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01 Nov, 07:35

💰 StanChart sees high volatility for Bitcoin in lead up to US elections

Standard Chartered’s global head of digital assets research, Geoffrey Kendrick, cautioned that Bitcoin (BTC) may experience heightened volatility in the days before the US presidential elections. Kendrick’s analysis pointed to key metrics indicating an optimistic yet cautious market sentiment among Bitcoin traders as investors brace for economic and regulatory shifts related to the political event.

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30 Oct, 11:02

💰 Bitcoin could hit $200,000 without dollar collapse – Bitwise CIO

Bitcoin’s (BTC) price could surge to $200,000 without the need for a collapse of the US dollar, according to Bitwise CIO Matt Hougan. In his latest investor memo, Hougain suggested that Bitcoin’s value rests on two independent forces: its role as a digital store of value and inflationary pressures on fiat currencies.

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29 Oct, 08:14

💰 Bitcoin expected to face high volatility as ‘Trump trade’ and Q4 seasonality converge – Bitfinex

Bitcoin (BTC) is set for turbulent weeks ahead, with election uncertainty, the “Trump trade” narrative, and historically favorable fourth-quarter conditions creating a “perfect storm” for market movement, according to the latest “Bitfinex Alpha” report. Bitcoin has already demonstrated “whipsaw” price action following the 6% correction BTC underwent last week after approaching $70,000.

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28 Oct, 08:45

💰 Standard Chartered: Bitcoin Set to Hit $73K on US Election Day

Standard Chartered’s Global Head of Digital Assets Research, Geoff Kendrick, published a report last week outlining projected bitcoin price movements based on potential outcomes of the upcoming U.S. presidential election. The research provides detailed scenarios for how bitcoin could respond to different election results.

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26 Oct, 17:29

💰 Bitcoin call options see surge in demand for first expiry after US election, Deribit CEO says

Derivatives traders are positioning for a bullish trajectory for bitcoin in the days after the U.S. election on Nov. 5, according to Deribit CEO Luuk Strijers. He added that data shows there are twice as many bitcoin call options as put options set for the Nov. 8 options expiry, the first expiry following the U.S. presidential election. Strijers added that the forward implied volatility is 72.29%, which indicates a potential price swing of around 3.78% in the days following the presidential election.

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25 Oct, 10:08

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

Stay ahead with:

- 📰 Real-Time Updates: Get the latest news instantly.
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Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!

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23 Oct, 03:34

💰 Bitcoin miners combined $28 billion market cap potentially undervalued compared to BTC trading volumes

Bitcoin’s daily trading volume is regularly surpassing the total market capitalization of public Bitcoin mining companies, amid concerns public miners are overvalued. On Oct. 21, Bitcoin recorded $37 billion in spot trading volume, maintaining a trend between $20 billion and $40 billion throughout 2024. Bitcoin derivative’s open interest has also reached an all-time high of around $40 billion.

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21 Oct, 02:29

🪙 Vitalik Buterin calls staking centralization 'one of the biggest risks' to Ethereum in 'Scourge' outline

Ethereum co-founder Vitalik Buterin continued his recent series of blog posts addressing Ethereum's future in a new post which outlines possible approaches the blockchain's community can take to mitigate proof-of-stake centralization risks as part of the planned "Scourge" upgrade.

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19 Oct, 02:45

💰 MicroStrategy stock's big premium to bitcoin holdings defended by analyst as ‘intelligent leverage’

The growing premium at which business intelligence firm and corporate bitcoin holder MicroStrategy (ticker: MSTR) shares trade relative to their net asset value (NAV) is not something to fear, according to Benchmark. Currently at 2.3x, the premium hit a three-year high of 2.7x earlier this month, sparking debates among observers who argued that the stock should align more closely with the company's bitcoin holdings.

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17 Oct, 21:30

💰 Bitcoin miner MARA warns AI mirrors 2000s internet boom, firms risk overbuilding infrastructure: Bernstein

In a recent interview with analysts at research and brokerage firm Bernstein, Fred Thiel, CEO of bitcoin miner MARA (formerly Marathon Digital), said the current AI environment resembles the early 2000s internet boom — and many companies, particularly smaller players, risk overbuilding infrastructure without sufficient demand.

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16 Oct, 05:09

GM Crypto Telegram! ☕️

🔥 Wednesday $25 #Solana #Giveaway is live! 🔥

To enter, just like & retweet the post below!👇
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Let’s kick off the day strong!

Best of luck to everyone! 💪💸
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16 Oct, 02:40

💰 Tesla moves its remaining estimated $770 million bitcoin stockpile to multiple new addresses

Tesla, the electric vehicle juggernaut operated by Elon Musk, has moved 11509 bitcoins worth an estimated $770 million to new addresses, according to onchain data tracked by analytics firm Arkham Research. This appears to be the company's entire remaining bitcoin treasury. In a series of transactions over the past hour, the company, which made an unprecedented $1.5 billion investment into bitcoin in February 2021, moved approximately $770 million worth of the cryptocurrency to about seven new addresses.

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14 Oct, 04:57

GM ☕️ #Crypto #X Fam!

🔥 Monday $15 Solana Giveaway is live! 🔥
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14 Oct, 03:44

💰 MicroStrategy eyes trillion-dollar valuation in bitcoin bank endgame, Michael Saylor tells Bernstein

MicroStrategy has aggressively acquired bitcoin since 2020, leveraging debt and equity to maximize returns and outperform many traditional investments. The firm’s latest purchase of 7,420 announced last month took its holdings to 252,220 BTC, currently valued at just over $15 billion, against a total cost of around $9.9 billion and $4 billion worth of debt. That’s the equivalent of 1.2% of bitcoin’s total 21 million supply — making MicroStrategy the largest corporate bitcoin holder in the world.

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26 Sep, 08:29

💰 BlackRock’s head of digital assets says #Bitcoin is risky, but still a ‘risk-off’ asset

BlackRock head of digital assets Robbie Mitchnick believes the crypto industry has made a marketing blunder when it comes to Bitcoin (BTC). A risk-on asset, like stocks, is something that investors buy when they are optimistic about the market and are willing to take more risk. Therefore, a “risk-off asset” is where investors move their money when they’re worried about market volatility.

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25 Sep, 16:49

💰 #Bitcoin finds support near active realized price level mirroring early 2021 bull run

The active realized price serves as a significant indicator of market performance. Over the past five years, it has functioned as a critical support or resistance level, with Bitcoin’s price frequently oscillating around this metric. Key observations from 2019 to 2024 include periods of overvaluation during market peaks, such as in 2021, when Bitcoin’s price surged above the active realized price, reflecting heightened investor energy.

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25 Sep, 03:50

🇺🇸 BNY Mellon moves closer to offering #crypto ETF custody services: Bloomberg

America's oldest bank, BNY Mellon, is drawing closer to offering custodial services to exchange-traded fund clients, according to Bloomberg. The progress towards being in a position to offer the services comes "after a review enabled the company to avoid treating the assets as a balance-sheet liability," said the report.

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24 Sep, 04:45

🪙 #Ethereum outperforms bitcoin after Fed rate cut, signaling bullish market sentiment

Ethereum has outperformed bitcoin since the U.S. Federal Reserve cut its Federal Funds rate by 50 basis points last Wednesday. Since the U.S. central bank initiated its first rate reduction in four years, ether has appreciated by over 16%, while bitcoin has seen an increase of approximately 6% during the same period. The Ethereum perpetual futures funding rate has flipped positive since the U.S. Federal Reserve rate cut last Wednesday, currently standing at 0.0082%, according to Coinglass data.

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21 Sep, 13:45

💰 Blackrock’s Ishares Bitcoin Options Get the SEC Green Light

The U.S. Securities and Exchange Commission (SEC) has granted approval for the listing and trading of options on the Ishares Bitcoin Trust (IBIT), a product by Blackrock. This decision introduces a new financial instrument aimed at providing investors with the ability to hedge and manage risk associated with bitcoin exposure.

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20 Sep, 14:45

🇺🇸 Judge dismisses Consensys lawsuit against SEC over MetaMask and Ethereum claims

A U.S. district judge has dismissed a case brought against the Securities and Exchange Commission by blockchain and web3 development company Consensys Software Inc. Judge Reed O'Connor in the U.S. District Court for the Northern District of Texas in the Fort Worth Division dismissed Consensys' claims and sided with the SEC on Thursday.

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20 Sep, 13:15

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

Stay ahead with:

- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.

Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!

🔗 Join now: @Cryptocurrency_Inside

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20 Sep, 03:40

🪙 Ethereum core devs agree to split ‘Pectra’ upgrade into multi-phase rollout

Ethereum developers agreed to take a multi-phase approach in implementing the highly anticipated ‘Pectra’ upgrade during the latest Consensus Layer Meeting on Sept. 19. The decision comes after growing concerns about the complexity of delivering the upgrade in one release, which increased the risk of technical issues and bugs.

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19 Sep, 02:45

💰 MicroStrategy boosts Bitcoin buying power with $875M convertible debt offering

MicroStrategy has increased its convertible debt offering to $875 million from $700 million to purchase more Bitcoin, according to a Sept. 18 statement. The Virginia-based company aims to raise these funds by selling convertible senior notes with an interest rate of 0.625% annually. These unsecured senior obligations will be available to institutional investors in a private sale. The notes are set to mature in September 2028.

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18 Sep, 18:05

🔥 BREAKING: 🇺🇸 Federal Reserve cuts interest rates by 50bps for the first time in 4 years.

🤝 @Cryptocurrency_Inside ✅
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18 Sep, 04:30

🔵 Circle is launching USDC on Sui, marking its 15th network integration

Circle, the issuer of the second-largest stablecoin, plans to launch a dollar-denominated token on the Layer 1 blockchain Sui as early as next week, according to Circle co-founder and CEO Jeremy Allaire on Tuesday. The move was accompanied by a series of announcements for the stablecoin giant, including an integration with MoviePass that will enable users to pay for subscriptions with crypto and news that USDC is live in Brazil and Mexico.

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17 Sep, 17:09

🟠 Binance reiterates assertion it never owned or controlled WazirX amid ongoing $230 million hack fallout

Crypto exchange giant Binance reiterated its claim that it does not own, control or operate WazirX in any way and accused a director of its parent company of making “misleading statements” to the contrary on Tuesday. WazirX suffered an exploit resulting in the unauthorized transfer of over $230 million worth of crypto assets on July 18. The exploit targeted the exchange’s multisig wallet on the Ethereum network, potentially resulting from a private key compromise, and drained the funds.

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17 Sep, 13:57

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13 Jul, 09:23

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14 May, 16:54

⬜️ OKX officially launches crypto exchange in Australia

OKX has officially launched its spot and derivatives crypto trading platform in Australia, the company announced on Tuesday. OKX said in a statement that it will offer spot trading services to all Australian users, while derivatives trading will only be available for verified wholesale clients. Its users in Australia can also deposit and withdraw AUD through most Australian banks to gain access to a total of 85 crypto tokens, or 170 crypto spot pairs.

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14 May, 05:49

🇺🇸 US senators challenge DOJ’s broad definition of crypto money transmitters

Two US lawmakers have opposed the Department of Justice’s (DOJ) attempt to expand the definition of a money-transmitting business. In a May 9 letter to US Attorney General Merrick Garland, Senators Cynthia Lummis and Ron Wyden argued that the DOJ’s broad interpretation could criminalize non-custodial crypto asset software services.

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13 May, 16:14

🇯🇵 Japan’s Metaplanet adopts bitcoin as reserve asset amid yen slump

Metaplanet Inc., a Tokyo-listed crypto investment and consulting firm, has adopted bitcoin as its strategic treasury reserve asset in response to the persistent economic adversity in Japan. “The move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of negative real interest rates, and the consequently weak yen,” the company said Monday in a release.

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12 May, 15:34

🏦 Coinbase can't force the 🇺🇸 SEC to write new rules, SEC argues in new brief

The SEC has filed a new form arguing that Coinbase's petition to order the agency to develop a new regulatory system for crypto "from the ground up" should be denied. "The Commission’s determination that the rulemaking Coinbase seeks is currently unwarranted was both reasonable and reasonably explained," the SEC said, in a case before the U.S. Third Circuit Court of Appeals.

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11 May, 16:07

🇮🇳 India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers

Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously banned in India due to violations of the country’s anti-money laundering regulations.

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11 May, 04:50

🇺🇸 U.S. House's McHenry Says Bill on Crypto Market Structure Will Get Floor Vote

The most comprehensive U.S. cryptocurrency legislation to so far make it through a congressional committee will get even further, with the entire House of Representatives set to vote on whether to approve it soon, according to Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee. The House Rules Committee approved the legislation for a vote next month, potentially pushing it toward a high-water mark for crypto legislation in the U.S.

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10 May, 17:05

🏦 Kraken makes another push to dismiss 🇺🇸 SEC lawsuit ahead of June hearing

Crypto exchange Kraken's lawyers argue in their latest court filing that the Securities and Exchange Commission's arguments don't hold weight as both sides are gearing up for a hearing in June. Kraken also argued that the agency failed to satisfy elements of the Howey Test, a 1946 U.S. Supreme Court case frequently cited by the SEC, to determine if an asset qualifies as an investment contract and, therefore, a security.

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t.me/Binance_Coinbase_Bybit
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10 May, 04:35

⚪️ Robinhood crypto trading volume up 224% YoY to $36 billion in Q1

Robinhood reported $36 billion in crypto notional trading volume during the first quarter of 2024, a 224% increase year over year. The firm also reported record net revenues of $618 million, up 40% year over year. The total revenues included $329 million derived from transaction revenues, which included revenue generated from its crypto business — making up $126 million of the total, a 232% increase year over year.

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09 May, 18:15

💰 Genesis Digital Assets to Launch Flare Gas Powered Bitcoin Mining Site in Argentina

Bitcoin mining companies are increasingly searching for more environment-friendly energy sources to power their operations. Genesis Digital Assets, a bitcoin mining company, has announced that it has partnered with YPF Luz, a power provider, to build a bitcoin mining site run completely using electricity generated from flare gas in Argentina. The Bajo del Toro plant, a recently built thermoelectric facility, will provide energy to Genesis Digital Assets’ bitcoin mining data center, hosting 1,200 miners in a site inside the plant.

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t.me/Binance_Coinbase_Bybit
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09 May, 07:05

🔵 Coinbase’s Layer 2 Base Stands Out as Top Choice for New Capital

Layer 2 networks have witnessed massive activity this year, even as their native tokens slumped amidst intense volatility across the broader market. These solutions have witnessed relatively steady activity since the beginning of the year. Over the course of this week, net ETH deposits into the Base have exceeded 6,500 ETH, marking a significant increase, according to the data shared by ITB. On the other hand, its rival Arbitrum saw just half of this figure. Optimism lagged even further behind with only a fifth of the deposits Base received.

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t.me/Binance_Coinbase_Bybit
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08 May, 17:50

🪙 Vitalik Buterin proposes EIP-7702 aiming to refine account abstraction on Ethereum

Ethereum co-founder Vitalik Buterin, together with co-authors Sam Wilson, Ansgar Dietrichs, and Matt Garnett, have proposed Ethereum Improvement Proposal (EIP) 7702 as an alternative to EIP-3074, aiming to refine account abstraction on the Ethereum network. EIP-7702 suggests a novel transaction type that enables externally owned accounts (EOAs) – normal Ethereum account addresses – to temporarily function as smart contract wallets during a transaction, with their original state restored afterward.

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08 May, 05:55

🪙 Chainlink Chosen as Technology Partner for HKDR Hong Kong Dollar Stablecoin

On May 7, the crypto oracle solutions provider announced that RD Technologies was integrating Chainlink CCIP and Proof of Reserve to power its Hong Kong dollar stablecoin. Chainlink’s Cross-Chain Interoperability Protocol will be integrated to enable secure and reliable cross-chain transfers of HKDR and easier access to the new stablecoin. Additionally, the firm is also adopting Chainlink’s Proof of Reserve (PoR) to help provide reliable on-chain verification of HKDR’s reserve backing, according to the announcement.

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07 May, 17:14

🪙 Ether options’ implied volatility remains elevated, analysts say

Uncertainty surrounding the future price of ether is keeping the asset’s options implied volatility at a much higher level than that of bitcoin, analysts said. In contrast, bitcoin’s implied volatility has seen a more dramatic reduction, indicating that derivatives traders perceive the bitcoin market to be trending towards stability.

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07 May, 06:05

🪙 Ethereum Developers Target Ease of Crypto Wallets With 'EIP-3074'

As blockchain teams strive for the holy grail of mainstream adoption, making crypto wallets easier to use is suddenly at the top of the agenda. Ethereum developers have been moving along with their discussions and inclusions of certain Ethereum Improvement Proposals (EIPs) for the blockchain’s next big hard fork, Pectra.

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06 May, 17:35

💰 Bernstein’s Bitcoin Price Prediction of $150K Reaffirmed by Analysts

Analysts at investment research firm Bernstein have reaffirmed their prediction that bitcoin (BTC) would hit $150,000 in this bull cycle despite the asset’s retracement in recent weeks. According to a recent report, Bernstein analysts Gautam Chhugani and Mahika Sapra said Bitcoin metrics show the network is in a healthy cycle still in its early stages. Notwithstanding the latest dip, the leading cryptocurrency is far from done.

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05 May, 18:01

🇪🇺 European Banking Giant Embraces BlackRock’s 💰 Bitcoin ETF

BNP Paribas, the second largest bank in Europe, took a major step in the digital asset market by buying BlackRock’s Spot Bitcoin ETF shares. According to a recent 13F filing with the U.S. Securities and Exchange Commission (SEC), BNP Paribas bought 1,030 IBIT shares of BlackRock during the first quarter of 2024. Furthermore, the multinational bank spent over $40.47 per share, totaling $41,684 for the acquisition. This amount is lower than the price of a single bitcoin, which is currently trading at over $58,000.

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05 May, 05:05

💰 Sui creator says crypto’s “ChatGPT moment” coming as protocol celebrates mainnet's first year

After a busy 12 months that included launching on mainnet and the announcement of fresh partnerships with TikTok parent ByteDance and Google, Mysten Labs, creator of the Layer 1 Sui protocol, is confident that blockchain tech is about turn the proverbial corner. “The killer app for web3 is coming. The ChatGPT moment is coming soon,” Evan Cheng, CEO and co-founder of Mysten Labs told The Block, adding the current bull run is coinciding with web2 tech giants expressing more interest in blockchain than before.

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04 May, 16:45

💰 Arthur Hayes predicts Bitcoin is poised for a steady rise in value

Former BitMEX CEO Arthur Hayes expressed optimism regarding Bitcoin’s future trajectory, suggesting that the recent downturn marks a local bottom, with the flagship crypto poised for a gradual ascent over the coming months. Hayes shared his insights in a blog post on May 3, attributing the recent market slump to a variety of factors, including the US tax season, concerns over Federal Reserve policies, the “sell the news” effect following the Bitcoin halving, and a slowdown in spot Bitcoin ETF inflows.

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03 May, 17:05

💰 Bitcoin’s Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says

Bitcoin’s (BTC) recent weakness has not been isolated to crypto markets and therefore is not indicative of sector-specific capitulation, Coinbase (COIN) said in a research report Friday. Coinbase notes that both equities and gold have been trading lower since reaching highs in mid-April, against the backdrop of a strengthening dollar. The world’s largest cryptocurrency fell 16% in April, in the biggest monthly decline since June 2022.

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03 May, 06:50

💰 Lightspark CEO Expects Bitcoin to Dominate AI-Related Monetary Transactions

During the Bitcoin for Corporations segment at the Microstrategy World 2024 event in Las Vegas, Marcus shared insights on the fusion of AI and bitcoin (BTC). He argued that BTC could eliminate the inefficiencies and “friction” inherent in fiat currencies, predicting that AI agents will adopt this “digitally native” medium for value exchange.

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02 May, 17:45

🇺🇸 Arkansas governor to reportedly sign two bills regulating crypto mining activities

Arkansas State Governor Sarah Huckabee Sanders is expected to sign two new bills regulating crypto mining activities within the state, according to various sources. The state lawmakers passed Senate Bills 78 and 79 on May 1 to tighten the regulations governing crypto miners in the state. These legislative initiatives respond directly to concerns raised following the passage of Act 851. Although Act 851 sailed through the 2023 regular session, it has faced backlash for its perceived lack of oversight regarding crypto mining activities.

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02 May, 04:55

📣 Bitcoin's Ethereum-Style Programmability Could Come in 12 Months, Rootstock Founder Says

The founder of Bitcoin layer-2 protocol Rootstock has detailed plans for a new "BitVMX" project designed to improve the oldest blockchain's programmability by keying off developer Robin Linus's much-discussed "BitVM" design unveiled last year. "We have a roadmap to finish this in one year" and "we are moving forward at full speed," Lerner said during the presentation.

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01 May, 18:39

💰 Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k

Bitcoin teeters around the $57,000 mark, market analysts and traders are glued to liquidation heatmaps, seeking insights into the next big price movements. Recent events have shown how quickly sentiment can shift, with $381 million liquidated in just 24 hours. But what's next? Hidden within layers of data are critical price points laden with massive liquidations waiting to be triggered.

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01 May, 04:04

💰 Celsius Network burns entirety of its CEL holdings, eliminating 94% of total supply

Celsius Network burned its CEL holdings, representing the majority of the token supply, on April 30. Etherscan indicates the company burned 652.2 million CEL by sending it to a null address. The burned amount represents 94% of the previous total supply, which amounted to 692.8 million CEL, valued at roughly $83.2 million at current market price. The transaction originated from a wallet controlled by Celsius, based on Arkham Intelligence data.

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30 Apr, 18:49

🏦 Coinbase rolls out Lightning Network support in collaboration with Lightspark

Coinbase, the largest U.S. crypto exchange by trading volume, is rolling out support for the Lightning Network from today, enabling a faster and cheaper way for its users to send, receive or pay with bitcoin directly from their account. Previously, bitcoin transfers on Coinbase were processed on-chain, meaning transactions could take between 10 minutes and two hours, incurring high fees during periods of network congestion.

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30 Apr, 06:10

💰 GBTC Reserves Dip Below 300,000 BTC Amidst 3 Weeks of Crypto Fund Outflows

Grayscale’s Bitcoin Trust (GBTC) has witnessed a significant reduction in assets under management, with the trust’s holdings now falling below the 300,000 BTC mark, a key milestone. Additionally, the latest report on digital asset fund flows from Coinshares shows that bitcoin and ether exchange-traded products (ETPs) have seen withdrawals for three consecutive weeks.

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t.me/Binance_Coinbase_Bybit
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