Cryptocurrency News

On Sunday, Dec. 22, 2024, bitcoin’s price dropped under the $96,000 mark, hitting a low of $95,135 per unit. This dip comes after bitcoin soared past the $100,000 milestone earlier this month, marking an impressive run for the cryptocurrency. Traders Cash In, Bitcoin Tanks to $95K in Sunday Sell-Off Analysts chalk up the recent price…Read More

U.S. Senator Cynthia Lummis recently reinforced the intention of extending faculties to the Federal Reserve to purchase and own bitcoin as part of its reserve assets. Lummis stated that the U.S. debt can be repaid through a bitcoin strategic bitcoin reserve, as proposed in her BITCOIN Act. US Senator Cynthia Lummis Proposes Allowing the Federal…Read More

The U.S. Securities and Exchange Commission (SEC) announced that Tai Mo Shan Ltd. has agreed to pay $123 million to resolve allegations of misleading investors about the stability of terrausd, Terra’s algorithmic stablecoin. Tai Mo Shan Settles SEC Allegations Over Terrausd for $123 Million Tai Mo Shan, a subsidiary of Jump Crypto Holdings, was accused…Read More

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, social sentiment is pointing toward an impending recovery in the Bitcoin price, Interpol has issued a Red Notice for Hex founder Richard Schueler, also…Read More

Bitcoin could see another week of correction before it manages to recover above $100,000, based on historical chart patterns. Social sentiment around Bitcoin has hit its lowest point in 2024, which could signal an incoming recovery above the $100,000 mark for the world’s largest cryptocurrency.Bitcoin’s (BTC) price is currently down over 10% from its all-time…Read More

XRP community gets new rewards, Fed rules out BTC reserves, Strike CEO says Trump eyeing US BTC reserve, and more in this Week in Review. Week in Review Ripple’s RLUSD stablecoin debuted on Uphold, offering rewards and benefits to XRP holders. Federal Reserve Chair Jerome Powell ruled out the possibility of the Fed holding Bitcoin…Read More

Constantine Zaitsev, CEO of DRPC, believes multichain solutions are a temporary fix and future advancements like modular blockchains hold promise for a more streamlined approach to blockchain scalability and specialization. Preparing for the Modular Blockchain Era Multichain solutions may not be the blockchain industry’s long-term answer, despite effectively addressing current scalability and specialization limitations, according…Read More

The post-quantum era is still “several decades away,” but it could be a net positive for the Bitcoin network’s security. Advancements in quantum computing have the potential to strengthen the Bitcoin network in the coming decades, even though there are widespread concerns about the technology’s ability to compromise cryptographic encryption.Industry insiders have previously voiced concerns…Read More

Compressed NFTs (cNFTs) are space-efficient NFTs, and to mint them, you need to use a platform that supports cNFT compression and follow the minting process. Compressed NFTs are a type of non-fungible token (NFT) designed to reduce the cost of storing and transacting with NFTs on the Solana blockchain. With the increasing adoption of NFTs, developers…Read More

Interpol has issued a “Red Notice” for Hex founder Richard Schueler, also known as Richard Heart, for allegedly committing tax fraud and assault. The world’s largest international police organization, Interpol, has issued a “Red Notice” for Hex founder Richard Schueler, also known as Richard Heart, for allegedly committing tax fraud and assault.A Red Notice is…Read More