AI and account abstraction to fuel next-gen stablecoins — WeFi founder
The current stablecoin market cap is approximately $204 billion, but the sector remains highly centralized....
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Craig Wright Sentenced To 1 Year In Prison: The Self-Proclaimed Bitcoin Creator Faces Justice
Craig Wright, the computer scientist who claims to be Satoshi Nakamoto, the elusive creator of Bitcoin, was sentenced on Thursday to one year in prison by a UK judge for contempt of court. This decision, issued by Justice James Edward Mellor, follows a thorough analysis of Wright’s conduct, which...
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Dave Portnoy Says He Owns $1.5 Million Bitcoin, $1.3 Million XRP: ‘Bet It And Set It, Not Trading’
Barstool Sports founder Dave Portnoy shared on a recent stream that he owns millions of dollars in Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP), which comes after he recently interviewed Bitcoin bull Michael Saylor. What Happened: The price of the XRP token from Ripple has been soaring, and price and interest...
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Bitcoin Price Craters 6.5% To $96,500: What Is Going On?
Bitcoin (CRYPTO: BTC) prices continued their downward trajectory on Thursday, falling 6.5% over the past 24 hours as markets digest the Federal Reserve meeting the day prior. What Happened: CoinDesk senior analyst James Van Straten highlighted that Wedneday’s sell pressure totaled $2.7 billion (26,000 BTC)—the sixth-highest daily outflow this...
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Germany’s FDP Pushes For Strategic Bitcoin Reserve Amid Election Campaign
Germany’s Free Democratic Party (FDP) is intensifying its focus on Bitcoin and crypto policy during the run-up to the country’s parliamentary elections, scheduled for February. The party’s newly released election manifesto, published on December 18, signals a notable pivot towards integrating digital assets such as Bitcoin into the existing...
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Senator Lummis Introduces Strategic Bitcoin Reserve Proposal
Senator Cynthia Lummis (R-Wyo.) has introduced a proposal that would grant the Federal Reserve the authority to own Bitcoin (CRYPTO: BTC). What Happened: According to Lummis, this strategic initiative aims to create a “Strategic Bitcoin Reserve,” where the U.S. government would purchase 200,000 Bitcoins annually for five years, holding...
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XRP Price Down 9%% But Ripple CEO Brad Garlinghouse Eyes RLUSD To Fuel Future Rally
Despite a 9% price drop, optimism among XRP (CRYPTO: XRP) traders remains strong, with many holding their positions and anticipating upward momentum. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend XRP (CRYPTO: XRP) $2.26 $129.08 billion -8.8% -6.3% Bitcoin (CRYPTO: BTC) $98,630.61 $1.95 trillion -5.8% -2.8% Ethereum (CRYPTO: ETH)...
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Bitfinex Hacker Of ‘Biggest Heist Ever’ Documentary Takes Responsibility—But His Wife Has Other Ideas
The story of Ilya Lichtenstein, known for his role in the Bitfinex hack, and his wife Heather “Razzlekhan” Morgan has taken a new turn following the release of the Netflix documentary, “Biggest Heist Ever.” In a video statement from jail, Lichtenstein confessed to his crimes, expressed regret, and outlined...
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BlackRock’s iShares ETF Makes History with Unique Blockchain-Backed Municipal Debt Deal
On Wednesday, BlackRock, the world’s largest asset manager, successfully acquired municipal debt through a transaction that exclusively utilizes blockchain technology. According to a Bloomberg report, this marks the first instance of municipal bonds being purchased, settled, and held entirely on a blockchain platform. BlackRock’s Historic Bond Deal Per the...
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US Stocks Edge Up, Micron Suffers Worst Day Since March 2020, Bond Yields Surge: What’s Driving Thursday’s Markets?
The day after a volatile Federal Reserve meeting, Wall Street grappled with the stark reality of Fed Chair Jerome Powell‘s cautious tone on cutting interest rates in 2024. The message left investors weighing the impact of higher-for-longer interest rates amid a still-resilient economy. Despite the hawkish undertones, stocks managed...
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