Today's Crypto and Bitcoin News
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12/18/2024 21:15:57
Circle CEO Advocates for US Stablecoins as Global Export
In accordance with The Daily Hodl, Circle CEO Jeremy Allaire has emphasized the potential of dollar-pegged digital assets as a major export product for the United States. In a CNBC Television interview, Allaire highlighted the importance of promoting 'full reserve digital dollars' to maintain the US...
12/18/2024 21:00:21
Abstract L2 Set for January 2025 Launch with Unique Features
As reported by Bankless, Abstract, an Ethereum Layer 2 scaling solution, is set to launch its mainnet in January 2025. Originally developed as Frame, an NFT-centric chain, Abstract was acquired and repurposed by Igloo Inc., the parent company of Pudgy Penguins. The platform aims to offer a consumer-...
12/18/2024 20:47:10
Bitcoin, XRP, and Dogecoin Prices Drop After Fed Rate Cut
As per @decryptmedia, the prices of Bitcoin, XRP, and Dogecoin experienced a rapid decline following the Federal Reserve's decision to cut interest rates. This development occurred on December 19, 2024, and has impacted the cryptocurrency market significantly. The rate cut by the Federal Reserve is ...
12/18/2024 20:46:06
Bitcoin Drops to $101,000 Amid Fed Chair Powell's Rate Cut Projections
As reported by @CoinDesk, Bitcoin's value decreased to $101,000 as Federal Reserve Chair Jerome Powell discussed a slower trajectory for projected rate cuts in the upcoming year. This announcement also affected major altcoins, with XRP, ADA, and LTC experiencing declines. The market's reaction highl...
12/18/2024 20:45:24
Harvard Students Propose Bitcoin-Backed Stablecoin Using Elastos
As reported by The Street Crypto, a group of Harvard students and alumni, under New Bretton Woods (NBW) Labs, have introduced a Bitcoin-backed stablecoin called the Native Bitcoin Stablecoin (NBS). The whitepaper, released in late November, outlines the use of the Bitcoin-Elastos Layer 2 (BeL2) prot...
12/18/2024 20:16:14
Trump Family's World Liberty Converts 102.9 cbBTC to 103.149 WBTC
In accordance with @wublockchain12, the Trump family's crypto project, World Liberty, converted 102.9 cbBTC to 103.149 WBTC on December 19, 2024, using Cow Protocol. This conversion follows the delisting of WBTC from Coinbase, influenced by Justin Sun, the founder of Tron, who is now associated with...
12/18/2024 20:16:00
Fed Chair Jerome Powell States Federal Reserve Cannot Own Bitcoin
JUST IN: Federal Reserve Chair Jerome Powell has stated that members of the Federal Reserve are not permitted to own Bitcoin. This announcement was made on December 19, 2024, highlighting the restrictions placed on Federal Reserve officials regarding cryptocurrency ownership. The statement underscor...
12/18/2024 20:15:45
FED Chair Powell Predicts 1-2 Years for Inflation to Reach 2%
JUST IN: Federal Reserve Chair Jerome Powell has indicated that it may take one to two years for inflation to return to the target rate of 2%. This statement highlights the ongoing challenges faced by the U.S. economy in managing inflationary pressures. Powell's comments come amid efforts by the Fed...
12/18/2024 20:15:37
Fed's Third Rate Cut of 2024: Impact on XRP and BTC Prices
Derived from Coinpedia, on December 18, 2024, the Federal Reserve announced a 25 basis point reduction in the key interest rate, marking the third consecutive cut this year. This decision lowered the federal funds rate to 4.25% from 4.50%. Despite the rate cut, the cryptocurrency market, including m...
12/18/2024 18:46:43
Tokenized US Treasuries Hit $3 Billion, Growing 300% YoY
Tokenized US Treasuries Hit $3 Billion, Growing 300% YoY
Tokenized US Treasuries have surged 300% year-over-year, exceeding $3 billion in just 90 days, according to CoinGapeMedia. This rapid growth demonstrates the increasing adoption of blockchain in traditional finance, as more investors turn to t...
12/18/2024 17:30:40
Sophon Mainnet Launches with $500M TVL and Strategic Partnerships
In accordance with Crypto Economy, Sophon has launched its mainnet on December 18, 2024, introducing the first-ever Validium on ZKsync powered by Avail DA. The launch features over $500 million in Total Value Locked (TVL) through the Sophon farming program and involves strategic collaborations with ...
12/18/2024 17:01:01
BlackRock Acquires $1B in Bitcoin in 48 Hours
In accordance with @CoinGapeMedia, BlackRock has made a significant move in the cryptocurrency market by purchasing $1 billion worth of Bitcoin within a span of just 48 hours. This acquisition highlights BlackRock's growing interest and investment in the digital currency space. The rapid purchase un...
12/18/2024 16:45:26
Ethena Labs Partners with Trump-Backed World Liberty Financial
Derived from @Cointelegraph, Ethena Labs has announced a strategic partnership with World Liberty Financial, a cryptocurrency project backed by former U.S. President Donald Trump. This collaboration aims to leverage the strengths of both entities in the blockchain and cryptocurrency sectors. The ann...
12/18/2024 16:31:15
BlackRock's IBIT ETF Reaches $57.8B AUM in One Year
Derived from @CoinGapeMedia, BlackRock's IBIT ETF has achieved a remarkable milestone by reaching $57.8 billion in assets under management (AUM) within just one year. This achievement is notable when compared to the iShares Gold Trust, which took 20 years to reach $33 billion. The rapid growth of th...
12/18/2024 16:17:26
BlackRock's ETF Invests in First Blockchain Municipal Bonds
Citing @Cointelegraph, BlackRock's ETF has made history by investing in the first municipal bonds issued on the blockchain. This groundbreaking move highlights the significant potential for Real World Assets (RWAs) in the blockchain space. The investment marks a pivotal moment in the integration of ...
12/18/2024 16:17:13
Judge Denies Kraken's Request in Legal Battle with SEC
In accordance with @CoinGapeMedia, Magistrate Judge Robert Illman has denied Kraken's request for production from the U.S. Securities and Exchange Commission (SEC). This decision marks a significant moment in the ongoing legal proceedings involving the cryptocurrency exchange and the regulatory body...
12/18/2024 16:00:50
Bitflow and Pontis Launch Bitcoin Runes AMM on Stacks Layer-2
As reported by Finbold, Bitflow, a decentralized exchange, and Pontis, a DeFi platform, have launched the first Bitcoin Runes Automated Market Maker (AMM) on Stacks, a Bitcoin Layer-2 scaling solution. Announced on December 18, this initiative aims to enhance the application of Runes, fungible BTC t...
12/18/2024 15:47:14
BlackRock ETF Acquires First Blockchain-Issued Muni Bonds
JUST IN: BlackRock's ETF has made a significant move by purchasing the first municipal bonds issued through blockchain technology. This development marks a notable advancement in the integration of blockchain within traditional financial markets. The transaction highlights the growing acceptance and...
12/18/2024 15:46:14
Levva.fi Announces December Token Sale with Unique Merge Strategy
According to @beincrypto, Levva.fi has announced a token sale set for December, introducing an industry-first merge strategy. This innovative approach is expected to be a significant development for DeFi enthusiasts, potentially altering the landscape of decentralized finance. The announcement highl...
12/18/2024 15:45:53
Microsoft's 2024 Nvidia Chip Purchase Triples, Boosting AI Infrastructure
In accordance with The Tokenist, Microsoft has significantly increased its investment in AI infrastructure by purchasing 485,000 of Nvidia's 'Hopper' chips in 2024. This move positions Microsoft as a leading investor in AI, surpassing its tech rivals in chip acquisition. The company is leveraging it...