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Category: Bitcoin News

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Yield Chasers Propel Ethena’s USDE to $4.12B Market Cap in the Bull Market Frenzy

November 29, 2024 Bitcoin News

Based on current data, the stablecoin market has seen a notable expansion. This week, Ethena’s yield-bearing token, USDE, has reached a peak valuation of over $4.12 billion. Ethena’s USDE Tops $4.12 Billion: Is the Stablecoin Market Shifting Toward Yield? Yield-bearing…

Bitcoin

Phantom Money: Counterfeit Dollar Bills Haunt Istanbul Bazaar

November 29, 2024 Bitcoin News

Fears of counterfeit $50 and $100 bills have disrupted foreign-exchange trade at Istanbul’s Grand Bazaar, with some bureaus halting the purchase of these bills due to issues with identifying fake notes. There are conflicting views on the extent of the…

Bitcoin

CHILLGUY Price Slides Amid Legal Dispute but Catslap Could be the Next Meme Coin to Explode

November 29, 2024 Bitcoin News

The massive hype around Chill Guy (CHILLGUY) from last week is dying down. CHILLGUY has taken another 12% hit in the past 24 hours as legal troubles mount over its use of the “chill guy” character. But while this token…

Bitcoin

Bitcoin ETFs Reel in $103M in a Day, Pushing Cumulative Inflows to $30.38B

November 29, 2024 Bitcoin News

The 12 spot bitcoin exchange-traded funds (ETFs) had a standout Wednesday, capitalizing on BTC’s latest price climb. Collectively, these funds attracted $103.09 million in inflows, pushing their cumulative net inflows since Jan. 11 to an impressive $30.38 billion. Bitcoin and…

Bitcoin

Russia Approves Crypto Tax Law, Redefining Digital Currency Rules

November 28, 2024 Bitcoin News

Russia’s new crypto tax law classifies digital currencies as property, exempts mining from VAT, and mandates detailed reporting, signaling a seismic shift in regulation. Russia’s New Crypto Tax Rules Signal a Major Shift in Digital Currency Regulations The Federation Council,…

Bitcoin

Ripple Drops $25M to Champion Crypto-Friendly Policies

November 28, 2024 Bitcoin News

Ripple boosts Fairshake with another $25M, amplifying its push for crypto-friendly policies and challenging regulatory overreach to solidify its leadership in innovation advocacy. Ripple Doubles Down on Fairshake With Third $25M Contribution Ripple has reaffirmed its dedication to fostering innovation-friendly…

Bitcoin

Dogecoin and Pepe Growth Stalls, Expert Says Buy Flockerz for Big Gains in the Next Bull Rally

November 28, 2024 Bitcoin News

It’s been a rough week for crypto, with most meme coins feeling the heat. Dogecoin has plummeted below key support levels, while Pepe has also seen a sizable price slide. However, one expert thinks a new presale project, Flockerz, could…

Bitcoin

BTC Miner Cipher Expands Texas Operations With 100 MW Data Center

November 28, 2024 Bitcoin News

Cipher Mining Inc., a bitcoin mining company listed on Nasdaq, has announced the acquisition of a 250-acre site in West Texas. Cipher Mining Secures Strategic Site for Bitcoin Mining Expansion According to Cipher Mining’s (Nasdaq: CIFR) announcement, the new facility,…

Bitcoin

Jim Cramer Mocks ‘Time to Dump Crypto’ Narrative, Defends Long-Term Support

November 27, 2024 Bitcoin News

On Tuesday, CNBC’s Mad Money host Jim Cramer shared on X: “I always find it hilarious when I read ‘time to dump crypto’ when I have owned and backed crypto since Thestreet.com days. Remember that?” As co-founder of the financial…

Bitcoin

Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets

November 27, 2024 Bitcoin News

Morocco is advancing a draft law to regulate cryptocurrencies, aiming to balance risks and opportunities amid growing adoption. A New Chapter Unfolds: Morocco’s Journey Toward Crypto Regulation Gains Momentum Morocco’s central bank governor, Abdellatif Jouahri, revealed Tuesday at a conference…

Bitcoin

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