Crypto news

The United States Federal Reserve announced a third consecutive rate cut, this time by 25 basis points. Unlike the previous such occasions in the past few months, bitcoin and the rest of the crypto market headed south immediately and violently. Perhaps the reason for this lies in Fed Chair Jerome Powell’s words as he hinted that the central bank might halt its current policy of reducing the key interest rates due to the alarming CPI data that came out for November and...

Trump states the creation of a Bitcoin reserve in the US  in order to increase crypto supremacy. Bitcoin has reached $100K, with expectations of reaching $800K by next year. The price of Bitcoin has surged past $100,000 after former President Donald Trump declared the creation of a U.S. Bitcoin strategic reserve. The news comes as Trump intensified his efforts to make the United States a world leader in cryptocurrencies. This follows his decisive November elections. According to the plan,...

Bitcoin’s (BTC) climb to record levels has lifted the crypto market, and as the year wraps up, it’s sparking strong bullish sentiment for the future. In the backdrop, there has been a significant surge in Tether (USDT) inflows to exchanges. This stablecoin movement aligns with the ongoing crypto bull rally, which has been underway for more than two months now. USDT’s Daily Inflows to Exchanges According to the latest data compiled by Santiment, there has been an average net...

Bitpanda receives VARA approval to expand into the UAE, setting the stage for full operations with local partnerships and compliance. Bitpanda, Europe’s leading regulated cryptocurrency platform, is taking a significant step toward expanding globally. The company has received in-principle approval from the Virtual Assets Regulatory Authority (VARA) in Dubai. This approval takes Bitpanda closer to commencing its operations in the UAE under the entity, Bitpanda Broker MENA DMCC. However,...

The suspect took $300K in cryptocurrency by accessing passenger phones. Hussein is facing theft, fraud, and money laundering accusations. A Scottsdale man accused of impersonating an Uber driver was arrested for allegedly ripping off $300,000 in cryptocurrency from two different passengers. Scottsdale detectives and U.S. authorities booked Nuruhussein Hussein on December 11. Secret Service agents. He now faces charges of theft, fraud, and money laundering. Incidents took place outside the W...

SAN FRANCISCO, United States, December 18th, 2024, Chainwire Pepeto: The God of Frogs with Utility and a Vision Unlike other memecoins’ trading-centric approach, Pepeto offers a comprehensive utility-driven ecosystem. Pepeto, known as the God of Frogs, aims to adopt all future memecoins and elevate the sector through its zero-fee cross-chain exchange and bridge technology. Pepeto’s Ecosystem Highlights: Zero-Fee Exchange: A listing platform for emerging and established memecoins, ensuring...

Mark Longo, known as Squirrel Dad, sues Binance for unauthorized use of Peanut the Squirrel’s images and intellectual property. Mark Longo, known as Squirrel Dad, has taken legal action against Binance. He claims the company used his intellectual property without permission. This includes images and trademarks associated with Peanut the Squirrel, an animal Longo rescued in 2017. Peanut, also referred to as P’Nut, gained a lot of popularity on social media platform. The squirrel’s pranks were...

TL;DR Shiba Inu’s price has fallen substantially lately, with declining burn rates and large transaction volumes signaling continued bearish momentum. On the other hand, reduced exchange reserves and SHIB’s RSI nearing oversold territory suggest that a potential rebound may be on the horizon. The Bad Days for the Bulls Might Not be Over The past two weeks have been quite successful for most leading cryptocurrencies. Bitcoin (BTC), for instance, saw its price surging by 10%,...

Ethena Labs officially launched USDtb, a new stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), on December 16th. Developed in partnership with Securitize, USDtb is designed to operate like existing fiat-backed stablecoins such as USDC and USDT, with reserves invested in cash or cash-equivalent assets to maintain a 1:1 value ratio. USDtb Debuts According to the official blog post, the stablecoin’s primary reserve asset, BUIDL, makes up 90% of...

In a world drowning in chaos, where innocence is traded for cynicism and compassion is often weaponized against itself, the story of P’Nut the Squirrel—a creature so small yet so profound—has emerged as a narrative that refuses to be ignored. What if, hidden in the extraordinary simplicity of this squirrel’s life and untimely death, lies the evidence of a truth too staggering to comprehend? What if P’Nut was more than just a beloved pet? What if P’Nut was Jesus Christ’s second coming? It’s an...