Bitcoin sellers take the upper hand as BTC struggles to rally to $100,000. What will altcoins do? Bitcoin (BTC) pulled back below $96,000 on Nov. 24, suggesting that short-term traders are booking profits near $100,000. Corrections are a part and parcel of every bull phase, where newbie traders panic, but experienced traders view the dips...Continue Reading

Wrapped Bitcoin was launched in 2019 to give Bitcoin investors an option to use the asset in decentralized finance applications. The price of Wrapped Bitcoin (WBTC) on Binance briefly and rapidly plunged to an all-time low of approximately $5,200 on November 23, 2024, in an apparent flash crash that did not affect the price of...Continue Reading

According to stablecoin firm Tether, over $134 billion USDt tokens are circulating across various blockchain protocols as of November 2024. Stablecoin issuer Tether minted an additional $3 billion in USDt (USDT) tokens on November 23 on the Ethereum and Tron networks amid increased trading volume in the crypto markets — particularly Bitcoin (BTC) as it...Continue Reading

According to the Atlantic Council, 134 countries are currently exploring CBDCs in different phases — including every G20 country. The Reserve Bank of India (RBI) is seeking to expand its cross-border payments platform — which will allow instant settlement — by adding new trading partners in the Asia and Middle East regions. According to Bloomberg,...Continue Reading

Bitcoin sellers, whether genuine or not, are refusing to allow a $100,000 BTC price milestone. Bitcoin (BTC) headed toward a “pivotal low” on Nov. 24 as manipulative traders sought to keep $100,000 out of reach. BTC/USD 1-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC price action heading closer to $97,000....Continue Reading

November has already surpassed October’s total volume, continuing strong market momentum for NFTs. Non-fungible tokens (NFTs) maintained a relatively strong weekly sales volume despite a slight decline compared to last week’s surge.  On Nov. 24, NFT data tracker CryptoSlam showed that digital collectibles had a solid week, recording a sales volume of about $158 million...Continue Reading

Australia’s Treasury seeks input on implementing the crypto-asset reporting framework within its domestic tax laws.  Australia has released a consultation paper seeking input on applying an international reporting standard for crypto assets.  Australia’s Department of the Treasury started a consultation on Nov. 21 on how it would implement the Organisation for Economic Co-operation and Development’s...Continue Reading

The report comes five days after Cantor Fitzgerald’s CEO Howard Lutnick was appointed as President-Elect Donald Trump’s Secretary of Commerce. Financial services firm Cantor Fitzgerald reportedly agreed to a 5% stake in stablecoin issuer Tether in 2023, which could position the company to receive more political support from the incoming Trump administration. The 5% stake...Continue Reading

Mythical’s CEO John Linden anticipates that FIFA Rivals could attract over 100 million gamers into the Web3 space. Federation Internationale de Football Association (FIFA) and blockchain gaming studio Mythical Games have teamed up to launch FIFA Rivals — a free-to-play soccer game on Apple’s iOS and Android. Scheduled to be released in the summer of...Continue Reading

The infamous 10,000 BTC mistake is often used by Bitcoin maximalists to extoll the virtues of ‘hodling’ the supply-capped asset. The two Papa John’s pizzas ordered by programmer Laszlo Hanyecz in 2010 for 10,000 Bitcoin (BTC) have become infamous in the crypto world. At current market prices, those two pizzas cost Laszlo more than $978...Continue Reading