Crypto news

While Bitcoin has nearly doubled in value since the start of the year, one of its close neighbors in the investment universe has proven a more profitable buy: mining companies. Nearly all publicly-traded Bitcoin mining firms have soared over 100% since January 1, benefitted by both BTC’s rising value and positive business developments. Bitcoin Miners VS BTC Shares for Marathon Digital (MARA), one of the largest public miners by hashrate, are currently up 158% year to date....

Bitcoin (BTC) registered a yearly high above $34,000 on Monday amid ongoing excitement that a spot Bitcoin ETF approval may be on the horizon for U.S. investors.  As of writing, the asset’s gains have triggered $327 million in liquidations across the crypto market in the last 24 hours.  According to TradingView, Bitcoin traded for $31,629 at 22:00 UTC on Monday, before skyrocketing to $34,140 over the next 40 minutes.  Bitcoin now trades for $33,219, which is still higher...

Cryptocurrency investigator ZachXBT has revealed on social media that his X account and a few others received a subpoena from a court requesting additional information for unspecified reasons. On October 21, he shared two screenshots regarding the request. The first depicted the court’s request for specific information that X was mandated to provide. The second screenshot displayed the notice sent to the social media platform regarding the legal inquiry. Subpoena Reasons...

The proactive approach to framing crypto-specific guidelines comes as a respite after years of conversations about an outright ban on the sector that was initially mooted by the Reserve Bank of India. The Indian government may have shelved its plans to impose a blanket ban on crypto, but there’s still a long way to go, and the latest development depicts that the country’s approach has been a bit of a rollercoaster ride. A “Positive Precedent” for the World Indian financial...

TL;DR Jeremy Hogan sees a declining probability of the SEC winning against Ripple after key executives were cleared from charges. Hogan hints the SEC might drag the lawsuit to 2026, but with a minimal victory chance. ChatGPT anticipates a surge in XRP’s price with a possible peak at $10 if Ripple prevails. The SEC Seems Doomed to Lose The popular US lawyer and Partner at Hogan & Hogan – Jeremy Hogan – pinpointed a few possibilities that might occur before the final...

According to ChainArgos, a blockchain intelligence firm, the situation surrounding TEURO has become increasingly complex. TrueUSD, the stablecoin company responsible for currencies like TUSD and TGBP, has publicly stated that they have no association with TEURO. However, it is undeniable that the TEURO contract was deployed using one of TrueUSD’s private keys, ChainArgos says. TrueUSD confirmed a security breach as of the latest September 18, 2023 update. Considering that...

TL;DR Shiba Inu’s co-founder hints at significant partnerships during his recent silence on social media. SHIB saw a 2% increase in 24 hours and 1% weekly, with potential for further growth from major collaborations. The layer-2 solution, Shibarium, which achieved notable milestones, is viewed as a catalyst for SHIB’s price growth. Bullish Sign for SHIB? Shiba Inu’s lead developer, who uses the pseudonym Shytoshi Kusama, has recently shed more light on their inactivity in...

Apple is considering leveraging AI within Xcode to assist app developers in creating their applications. Apple Inc (NASDAQ: AAPL) is gearing up for a significant leap into the world of generative artificial intelligence (AI), with plans to invest around $1 billion annually to develop its own AI solutions, Bloomberg reported Monday, citing people familiar with the matter. The move comes as a strategic response to the escalating advancements in AI technology by other tech giants such as...

To demonstrate the potential of UDPN, Standard Chartered’s SC Ventures and Deutsche Bank conducted a trial. Standard Chartered’s SC Ventures and Deutsche Bank have achieved a significant milestone by completing the first Proof of Concept (PoC) for the Universal Digital Payments Network (UDPN). This groundbreaking initiative aims to revolutionize the way digital payments are conducted by connecting payments across various Central Bank Digital Currency (CBDC) and blockchain networks, using a...

The Worldcoin Foundation has announced its plans to strategically transition its Orb device operators’ payments from USDC to the native WLD tokens. This decision comes as the circulating supply of WLD tokens surpasses 1% of its total token supply of 10 billion tokens. WLD Token’s Rise to 1% Circulating Supply The Worldcoin Foundation intends to remunerate orb operators responsible for enrolling individuals into the Worldcoin network by utilizing WLD tokens instead of USDC...