Crypto News Center

Bitcoin Grapples with $100K as Rally on Trump's Crypto-Positive Comment Fizzles

Altcoins as a group outperformed bitcoin, with AVAX and LINK leading sector gains. Dec 12, 2024, 9:58 p.m. UTC Appearing set for a run to a new record high earlier on Thursday, bitcoin (BTC) fell sharply in U.S. afternoon trading as tumbling bond markets took a toll on risk assets. The positive price action came as President-elect Donald Trump said "we're going to do something great with crypto" while ringing...

Finance Pro Linked to Tether, Howard Lutnick, Nominated For Trump’s Cabinet

Donald Trump has nominated Howard Lutnick, CEO and Chairman of financial services firm Cantor Fitzgerald, to serve as his Secretary of Commerce. Lutnick has had a long career on Wall Street, having served as Cantor Fitzgerald CEO since 1991 — he is also knowledgeable about the crypto industry and a supporter of Bitcoin. Lutnick’s firm has managed the treasuries and bond portfolios for stablecoin issuer, Tether, since 2021 and 2023...

Bitcoin and Ethereum ETFs Flows Suffer Setback Amid Lacklustre Trading Day

Bitcoin and Ethereum experienced a weak day of trading on Wednesday, with Bitcoin barely hanging onto positive flows while Ether bled US $77m. Bitcoin holdings were up a meagre US $299k, with BlackRock’s IBIT leading the way. Over on the Ethereum side, Grayscale’s converted Ether ETF experienced a massive US $133m in outflows. However, all other Ether ETFs were positive or neutral on Wednesday, giving some relief to investors. Mid-week...

German Government Entity Moves $24M Bitcoin to Kraken, Coinbase: Arkham

The German Federal Criminal Police Office (BKA) transferred $24 million in Bitcoin across two transactions to crypto exchanges Kraken and Coinbase. Another $30 million worth of BTC was moved to a new wallet, with previous transfers totaling $195 million in BTC sent to exchanges on June 19 and 20. A wallet connected to the German Federal Criminal Police Office (BKA) today moved $24 million in bitcoin (BTC) across two transactions...

Spot Ethereum ETFs End 6-Day Drought With $90 Million Inflow — Will Ether Price Respond?

Investor interest in the spot Ethereum ETFs (exchange-traded funds) appeared to have waned after failing to register a net inflow day for six consecutive days. However, the cryptocurrency products ended the week on a high with a substantial capital influx on Friday, November 22. This capital inflow represents a shift in investor sentiment, which has not particularly been positive over the past few days. Nonetheless, the market would be hoping...

Massive Crypto Move: Mt. Gox Transfers $2.43B Bitcoin

You are here: Home / News / Massive Crypto Move: Mt. Gox Transfers $2.43B Bitcoin Mt. Gox wallet transfer sparks market-wide attention. Mt. Gox Moves $391M BTC to Two New Wallets Amid Market Buzz $394M BTC sent to a cold wallet, signaling fund consolidation. Mt. Gox wallets shifted $2.43B BTC to a new address as Bitcoin surpassed $100K. The transaction incurred just $3.78 in fees. The exchange still holds $1.63B,...

Ripple to Allocate US$10 Million to Tokenised US Treasury Bills on XRP Ledger in Crypto Tokenisation Push

Ripple has announced the allocation of US$10M into tokenised US T-bills on the XRPL network. TBILL tokens are backed by short-term US T-bills and reverse repurchase agreements. Purchasers will be able to mint TBILL tokens via Stablecoins, including Ripple USD, which is due to launch later this year. This is the first time a traditional finance instrument has been enabled on the platform. Ripple, the digital payment network, has invested...

Cryptocurrency Adoption in Online Casinos Sees Significant Growth

You are here: Home / News / Cryptocurrency Adoption in Online Casinos Sees Significant Growth The digital currency revolution is making great strides in the online gambling industry, offering new opportunities for players and operators alike. Cryptocurrencies are becoming a preferred payment method due to their security, speed, and anonymity. This trend is reshaping how online casinos operate and engage with their audience. The Appeal of Cryptocurrency in Online Gambling...

SEC retargets Ripple’s XRP sales on exchanges, distributions of XRP to employees in Form C filing

The Commission does not dispute the $125 million fine imposed on Ripple Labs. Key Takeaways The SEC's appeal does not contest XRP's classification as a non-security but challenges other aspects of the ruling. The appellate court will conduct a de novo review of the SEC's claims against Ripple's XRP transactions. The SEC is appealing the July 2023 ruling that determined Ripple’s XRP sales on digital asset platforms, executives’ sales, and...

SMSF Trustees Eye Long-Term Gains with Four-Year Cryptocurrency Investment Strategy

CoinJar’s Dominic Gluchowski, says investors looking to add crypto to their self managed super funds (SMSFs) should be looking at hodling for a minimum of four years. He said the point in the market cycle is an important consideration, with investors best to stick to blue chips during bear markets before diversifying into alts/memecoins during bull runs. Crypto exchange Swyftx finds that in the last calendar year memecoins have been...