Crypto news

Although far behind the United States in terms of revenue and the number of users, the UK crypto industry maintains a strong pace of growth, growing much faster than the world’s largest crypto market. According to data presented by AltIndex.com, the UK crypto industry grossed $1.9bn this year, showing a massive 137% year-over-year growth. This figure is expected to double and hit $3.77bn by 2027. The Fastest-Growing Crypto Industry Among the Top Five Markets Over the years, the United Kingdom...

Die Binance Bitcoin App zählt zu den am meisten heruntergeladenen Trading Apps der Welt. Wer schon bei einer der grossen Bitcoin-Börsen einen Account erstellt hat, kenn es: Der Prozess der Verifizierung auf Bitcoin-Börsen ist ein entscheidendes Element im modernen Kryptowährungsmarkt. Diese Verifizierungsverfahren sind aus mehreren Gründen wichtig, die sowohl den Nutzern als auch der gesamten Branche zugutekommen. 1. Einhaltung gesetzlicher...

Jack Dorsey’s Block has announced the full, global rollout of Bitkey – the firm’s self-custodial Bitcoin (BTC) wallet – in a bid to encourage HODLers to take full control of their coins. “Move your Bitcoin off the exchanges,” said Dorsey via X (formerly Twitter) on Thursday, attaching a link to Bitkey’s website which is currently selling the wallets for $150 apiece. Bitkey’s Unique Security Model Per a press release from Block on Thursday, Bitkey’s rollout is available to...

In a strategic move, the popular online brokerage platform Robinhood has announced the launch of its cryptocurrency trading feature in Europe. The platform has intentions to expand its range of tokens and introduce additional features, such as cryptocurrency transfers, staking, and educational rewards, in the year 2024. This development follows Robinhood’s recent expansion plans beyond the United States. Robinhood Launches Crypto Trading App Robinhood’s latest crypto product...

Stateless roll-up Versatus LASR represents a pure execution environment that relocates compute processes off-chain without the inherent responsibilities or expenses tied to maintaining state and storing data. On Wednesday, December 6, peer-to-peer web services protocol Versatus Labs announced its successful fundraising of $2.3 million with key investors being Republic Crypto and NGC Ventures. The fundraise happens at the company’s valuation of $50 million. Also, it will help the Versatus...

Bitcoin has attracted a new generation of hodlers in the last three years, as resilient investors are steadfastly holding onto their assets. Data from the widely used HODL Waves metric reveals that individuals who purchased Bitcoin in late 2020 have chosen to retain their coins without selling. Long-Term Holders Continue to Accumulate Bitcoin Despite the 2023 bull run that has propelled Bitcoin prices to their highest levels in over a year, long-term holders (LTHs) of...

The cost of buying Bitcoin (BTC) is pushing record highs this week – and in a sense, so is the cost of moving it. On-chain data shows that the price for Bitcoin block space has touched a new all-time high in BTC terms – largely due to massive demand created by Ordinals transactions. Record Demand For Bitcoin Blockspace Bitcoin for Fairness founder Anita Posch highlighted the record cost on X, showing that transactions reached a cost over 350 satoshis per vByte (sat/vB) on...

Cryptocurrency short sellers experienced a turbulent year in 2023, grappling with mark-to-market losses amounting to $6.05 billion. These losses were primarily driven by the remarkable performance of Bitcoin and other digital currencies since the beginning of the year. Crypto Prices Soar in 2023, Short Sellers Feel the Heat According to a report published on December 5 by research firm S3 Partners, traders who have taken a bearish stance on publicly traded crypto firms,...

Despite the subdued overall interest, a group that remains consistently passionate is the die-hard Bitcoin maximalists. In recent weeks, Bitcoin price has once again captured the attention of the financial industry as it surged above $44,000, a level not seen since May 2022. However, this rally seems to lack the fervor and widespread interest that accompanied previous bull cycles, according to a Bloomberg report. Despite Bitcoin Price Growth, Interest Remain Subdued A notable indicator of...

SpaceX has become one of the most valuable companies in the United States, dominating the market for commercial space launch services, primarily due to the success of its Falcon rockets.  Elon Musk‘s aerospace company SpaceX is in discussions to sell insider shares via a new tender, potentially valuing the privately held firm at around $175 billion, as reported by Bloomberg on Thursday, citing people familiar with the matter. According to the report, the company plans to sell approximately...