This week, Senator Cynthia Lummis raised concerns about the U.S. Marshals Service’s management of seized bitcoin, calling for transparency and questioning the decision to liquidate nearly 70,000 BTC, worth billions. Government Bitcoin Sale Questioned by Wyoming Senator In a letter addressed to U.S. Marshals Service Director Ronald Davis, Senator Cynthia Lummis scrutinized the agency’s track … Read more
ADA looks ready to chase new all-time highs according to a handful of Cardano price metrics.
The crypto market has gone absolutely wild, and it’s all because of one man: Donald Trump. As his inauguration draws near, investors are betting big on small-cap cryptocurrencies, driving up prices. The market is flooded with anticipation, and it’s not subtle. XRP shot up 13%, and Litecoin soared a ridiculous 22%. Meanwhile, Bitcoin is hanging … Read more
The president-elect cannot officially nominate anyone until after he is inaugurated on Jan. 20, but the US Senate has been holding hearings to question his potential picks.
PostFinance, a Swiss state-owned bank, has announced the launch of crypto staking for its customers. On Jan. 16, PostFinance announced that it has expanded its crypto trading and custody solution to include staking. The bank will offer Ethereum (ETH) staking and plans to extend the service to other cryptocurrencies in the future. PostFinance’s move positions … Read more
An Ethereum (ETH)-competitor is printing gains after receiving support from the world’s largest crypto exchange by volume. In a new announcement, Binance says it will be adding support for Sonic (S), formerly known as Fantom (FTM), to many of its programs. “Binance is excited to announce that Sonic will be added to Binance Simple Earn, … Read more
On Thursday, the decentralized exchange (dex) and automated market maker (AMM) Uniswap revealed that transaction volumes on the platform’s layer two (L2) solutions have surpassed the $500 billion threshold. Half a Trillion and Counting: Uniswap’s Layer 2 Expansion Shatters Records Since its debut on Ethereum mainnet on Nov. 2, 2018, Uniswap has significantly evolved, expanding … Read more
Mining-as-a-service firm Blockware has proposed that DeFi protocol Aave create a Bitcoin treasury by mining Bitcoin. In a temperature check proposal submitted to the Aave DAO, the firm is offering to partner with the DeFi protocol to mine BTC. According to the proposal, Aave, which has grown to become a leading DeFi protocol in terms … Read more
XRP’s open interest has increased by $6 billion since the start of the month as the altcoin soared to new all-time highs.
Coinbase has reintroduced Bitcoin-backed loans, signaling a renewed focus on providing economic freedom and flexible financial products to users. The innovative loan structure allows U.S. users, excluding those from New York, to leverage their Bitcoin assets without the burden of selling, thereby minimizing tax implications. Max Branzburg of Coinbase stated the product reflects a commitment … Read more