Bitcoin’s relief rally pushed its price above the 50-day SMA as analysts say further upside potential is increasing amid rising open interest. Bitcoin (BTC) found fresh strength during the early Asian trading hours on Monday as bulls eyed further short-term gains.  Key takeaways: Bitcoin price rises to a six-week high of $74,400 on Monday, liquidating...Continue Reading

Crypto ETPs recorded $1.06 billion in inflows last week, led by Bitcoin and Ethereum, marking three straight weeks of gains despite ongoing geopolitical stress. Crypto investment products continued their momentum last week, signaling resilience to geopolitical stress and strengthening the case for Bitcoin’s role as a safe-haven asset. Crypto exchange-traded products (ETPs) recorded $1.06 billion...Continue Reading

Australia is moving closer to a new licensing regime that would bring crypto exchanges and tokenization platforms into the Australian Financial Services Licence regime. Australia’s Senate Economics Legislation Committee has backed a bill that would require crypto exchanges and tokenization platforms to comply with the country’s existing financial services regime, recommending that the Corporations Amendment...Continue Reading

Crypto trader Ran Neuner said Bitcoin could be in danger if AI continues to pull miners away from the network, but others disagree. There’s a new debate over whether a continued pivot from Bitcoin miners to artificial intelligence could have an impact on Bitcoin security and its role as a store of value.  While some...Continue Reading

The US Department of Justice has filed for dismissal of its case against BitClout founder Nader Al-Naji, after “reassessment of the evidentiary record.” The US Securities and Exchange Commission (SEC) has dropped its two-year-long case against the founder of the blockchain-based social media platform BitClout, Nader Al-Naji.  In the joint dismissal stipulation filed in the...Continue Reading

Australia’s securities regulator said two-thirds of Gen Zs are using social media to make decisions about their financial future, leading to “riskier” financial decisions.  Australia’s financial regulator has urged young investors not to rely on social media influencers and artificial intelligence chatbots to make financial decisions, according to a study that also found that one...Continue Reading

WLFI token holders must stake their tokens for at least 180 days to retain voting privileges under the recently passed proposal. World Liberty Financial (WLFI) holders who want a chance to steer the protocol’s future will now need to lock up their tokens for nearly six months under a newly passed proposal.  The proposal from...Continue Reading

BlockFills has filed for Chapter 11 bankruptcy in the US after suspending deposits and withdrawals last month, citing poor crypto market conditions. Crypto lending platform BlockFills has filed for bankruptcy in the US after the company halted customer deposits and withdrawals last month. Reliz LTD, BlockFills’ operating company, along with three other related companies, filed...Continue Reading

The past 11 years have shown that Bitcoin has been resilient to random intercontinental subsea internet cable failures, but could be susceptible to targeted attacks. Nearly three-quarters of all undersea fibre optic internet cables (which carry about 99% of international internet traffic) would need to fail to have a significant impact on Bitcoin, according to...Continue Reading

Ledger’s Asia-Pacific lead, Takatoshi Shibayama, has added his take as crypto and banks continue to debate whether to allow third-party platforms to offer stablecoin yields. A block on stablecoin yield payments in the US will likely prompt other countries to step up and offer the option, according to Takatoshi Shibayama, Asia-Pacific lead at crypto wallet...Continue Reading