Bitcoin Resurges Above $102,000 Milestone
Bitcoin recently reclaims its $100k milestone, reaching approximately $102,000 in trading value, as of data from Coinmarketcap. This milestone marks a significant achievement for the cryptocurrency, reflecting a 3% increase over the past 24 hours.…
Stacks to Launch sBTC on December 17 to Boost Bitcoin’s DeFi Liquidity
In an exciting development for the cryptocurrency world, Stacks is set to introduce sBTC on December 17, 2024. According to Stacks recent blog post, this new asset aims to significantly enhance Bitcoin’s decentralized finance (DeFi) liquidity. It…
BlackRock’s Ethereum ETF Reaches $3 Billion in Inflows
In a remarkable milestone for the cryptocurrency market, BlackRock’s Ethereum ETF has reached $3 billion in inflows. This achievement underscores the growing institutional interest in Ethereum and its potential as a leading digital asset.The…
Ripple’s RLUSD Stablecoin Approved by New York Regulators
Ripple’s USD stablecoin, RLUSD, has received final approval from the New York Department of Financial Services (NYDFS). This approval marks a major milestone for Ripple. It is preparing to launch RLUSD on both the XRP Ledger and Ethereum networks.…
Dropee Set to Debut on Major Crypto Exchanges
Dropee is a popular tap-to-earn game on Telegram. It is set to list its native token on several major cryptocurrency exchanges. These exchanges include Binance, OKX, and MEXC. The listing is scheduled for November 30, 2024, according to Decentralized…
Ankr and Asphere Join Forces with Botanix Labs to Propel Spiderchain L2 Development
Ankr and Asphere have announced a strategic partnership with Botanix Labs to support the development of the Spiderchain Layer 2 (L2) protocol. According to their post on X, the collaboration aims to improve the capabilities of the Spiderchain ecosystem…
U.S. Court Rules Bitcoin and Ethereum as Commodities
In a landmark decision last week, an Illinois court ruled that Bitcoin and Ethereum are to be classified as digital commodities. This ruling affirms the Commodity Futures Trading Commission’s (CFTC) authority over these major cryptocurrencies, providing…
FTX Prepares $16 Billion Distribution: Potential Surge in Bitcoin and Solana Buying Activity
In a significant development for the cryptocurrency market, the defunct FTX exchange is gearing up to distribute $16 billion to its affected customers. This move comes as a part of the exchange’s bankruptcy proceedings, aiming to compensate those who…
May Witnessed a Staggering $2 Billion Inflows into Crypto Investment Products
May 2024 marked a significant milestone in the cryptocurrency investment landscape, with a staggering $2 billion worth of inflows into crypto investment products. This remarkable influx is a testament to the growing investor confidence and interest in…
DMM Bitcoin Hack: Over $300 Million Lost in Massive Crypto Theft
On May 31, 2024, Japanese cryptocurrency exchange DMM Bitcoin fell victim to a significant security breach, resulting in the loss of over $300 million worth of Bitcoin. The hackers managed to steal approximately 4,502.9 BTC, making this…