Analysts suggest tightening dollar-denominated liquidity and declining equity markets are influencing Bitcoin price’s recent downturn. Despite current selling pressure, metrics like Bitcoin’s MVRV ratio indicate the market has yet to reach “extreme euphoria. Bitcoin price dropped slightly on Wednesday, pulling back over 1.59% as the activity of sel
Trump Eyes Six Candidates for CFTC Chair to Shape Crypto-Friendly Policies
President-elect Donald Trump’s transition team is considering crypto-friendly candidates for the next CFTC chair, with Summer Mersinger and Brian Quintenz among the top contenders. CFTC Chair Rostin Behnam, a Democratic commissioner since 2017 and appointed to lead the agency by President Joe Biden in 2021, will step down when President-elect Donal
Circle Donates $1M in USDC to Trump’s Inauguration Committee
A digital currency company called Circle has donated $1 million in USDC stablecoin to the committee organizing former President Trump’s inauguration ceremony. The contribution was made in response to a request for donations to help cover the costs of the event, which is scheduled to take place on January 20, 2023. Circle’s decision to contribute [&
Oklahoma Senator Proposes Bill to Allow Bitcoin Payments & Salary
Oklahoma Senator Dusty Deevers has introduced a groundbreaking bill, the Bitcoin Freedom Act, aimed at integrating BTC into…
MicroStrategy’s Bitcoin Debt Strategy: A Stroke of Genius or a Risky Gamble?
MicroStrategy’s co-founder Michael Saylor is known as an intriguing figure in the Bitcoin community. His aggressive plan to buy Bitcoin quickly received both acclaim and judgment. While some see it as a bold strategy for using digital assets, others see […] The post MicroStrategy’s Bitcoin Debt Strategy: A Stroke of Genius or a Risky Gamble? [&hell
Dogecoin Hits A ‘Blood In The Streets’ Moment: Buy Or Sell Now?
Dogecoin (DOGE) has again found itself in the crosshairs of market watchers, with a “blood in the streets” moment emerging according to data from on-chain analytics firm Santiment. The firm’s latest research, shared on January 8 via X, highlights a series of negative MVRV (Market Value to Realized Value) ratios across the crypto landscape—encompass
MANTRA seals $1b RWA deal with UAE-based DAMAC Group
Tokenized real-world assets platform MANTRA has struck a notable $1 billion agreement with DAMAC Group, a top investment conglomerate in the Middle East. On Jan. 9, the L1 blockchain announced that it had sealed the $1 billion deal in a collaboration that will see the partners tokenize assets in the region. DAMAC Group’s business operations [&helli
China Bets Big On Blockchain: New National Data Infrastructure Aims To Fuel Digital Economy
China has announced its blockchain national data infrastructure, a state-backed framework designed to leverage blockchain technology for managing and processing data across various sectors. This initiative is a part of the country’s broader strategy to integrate blockchain technology into its digital economy. Importantly, the country is planning a
The Future Of Home Bitcoin Mining Is Bright
Follow Frank on X. Perhaps the best way to decentralize the Bitcoin network is through home mining, and things are trending in the right direction. Yesterday, Solo Satoshi announced the Bitaxe Touch, the latest device in the world of home bitcoin mining. This new device will utilize the BM1370 ASIC chip from the Bitmain S21 […]
Bitcoin will hit $1.5M by 2035, says analyst who called 2024 bounce
Bitcoin network growth is set to take BTC price to seven figures within the next decade, says Timothy Peterson. Bitcoin (BTC) has a new seven-figure prediction on the horizon as one of the industry’s best-known doubles down on its bullish future. In an X post on Jan. 8, network economist Timothy Peterson, author of the […]