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Metaplanet and El Salvador Acquire More Bitcoin Amid Market Slump
(Crypto News)-26/02/2025Japan-based investment firm Metaplanet and the government of El Salvador increased their Bitcoin holdings ahead of a significant market downturn on February 25, when Bitcoin prices dropped by nearly 5% over 10 hours.Metaplanet announced it had purchased 135 Bitcoin for approximately $13 million at an average price of $96,185.Around the same time, El Salvador acquired […]
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Bitcoin, Ethereum Tumble With $1.34B in Crypto Liquidations on Tariff Worries
(Crypto News)-26/02/2025The crypto market took a sharp downturn on Tuesday following US President Donald Trump’s reaffirmation that the planned tariff on Mexico and Canada will proceed as planned starting March 4.The announcement, made during a White House press conference, confirmed that the administration will move forward with a 25% levy on goods from both nations […]
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Strategy Buys $2 Billion More Worth of Bitcoin
(Crypto News)-26/02/2025Michael Saylor’s Strategy has acquired nearly $2 billion worth of Bitcoin as it continues to expand its holdings, the intelligence software company announced on Monday, February 24, 2025.According to the February 24 announcement, the Virginia-based company acquired 20,365 BTC to its stockpile for an average of $97,514.The company’s most recent acquisition brings their Bitcoin […]
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US Authorities Seize Crypto Worth $31M Linked to Uranium Finance Breach
(Crypto News)-26/02/2025US authorities have seized about $31m in cryptocurrency connected to the 2021 Uranium Finance hack, marking a major breakthrough nearly four years after the attack.The Southern District of New York (SDNY) announced the seizure in an X post on Monday, attributing the recovery to a coordinated effort with Homeland Security Investigations (HSI) in San Diego.The hack, among […]
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Russian Energy Ministry: Siberian Crypto Mining Ban is Easing Pressure on Grids
(Crypto News)-26/02/2025The Russian Energy Ministry has claimed that a recent ban on crypto mining in many parts of Siberia is helping to ease pressure on the region’s electricity grids, despite recent reports to the contrary.Per the Russian state-run news agency TASS, the ministry claimed the consumption on the Siberian power grid was down by “more than 300 MW” as […]
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XRP Could Hit $10 if ETFs Approved—But What Are the Odds?
(Crypto News)-19/02/2025The U.S. Securities and Exchange Commission (SEC) on Feb. 14 acknowledged a filing for Grayscale’s spot XRP exchange-traded fund, but Bloomberg ETF analysts James Seyffart and Eric Balchunas say Ripple is the least likely crypto ETF to get approval.The formal acknowledgment of the so-called 19b-4 filings by the SEC would generally mean that the regulator is […]
EU Watchdog ESMA Proposes Mandatory Knowledge Checks for Crypto Firms
(Crypto News)-19/02/2025The European Securities and Markets Authority (ESMA) has proposed new guidelines to make sure crypto-asset service providers have well-trained and knowledgeable staff.This is a big move toward bringing more professionalism to the industry under the Markets in Crypto-Assets (MiCA) regulation.The newly proposed framework, shared Monday in a consultation paper, sets basic qualification requirements and calls for […]
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UN Official Pushes for Study on Whether Crypto Can Aid Human Development
(Crypto News)-19/02/2025A senior UN official has urged the organization to explore how crypto, central bank digital currencies (CBDCs) and stablecoins can drive human development.In a blog post published Monday, UN Assistant Secretary-General Kanni Wignaraja wrote that Bitcoin and Ethereum have gained traction as alternative investments, with their market value peaking at $3.9 trillion in December.Given this massive capital pool, she suggested […]
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Russia May Build Dedicated Power Plants for Crypto Miners, Says Top Politician
(Crypto News)-19/02/2025One of Russia’s most senior politicians has floated the idea of creating dedicated power stations that could serve an exclusive clientele comprising only crypto miners.The comments came from Aisen Nikolaev, the head of the State Council Commission on Energy, and the head of the Republic of Sakha (also known as Yakutia).Russia: Crypto Miners Could Use […]
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Ethereum Shows Signs of Rebound as Exchange Supply Hits Record Low: Santiment
(Crypto News)-19/02/2025Ethereum has outperformed the broader crypto market over the past 24 hours, reaching a 12-day high of $2,832 before pulling back to $2,720 in early trading on Feb. 18, according to blockchain analytics firm Santiment.The move represents a 2% daily gain for ETH, while the total crypto market capitalization has declined by 2.4%, signaling relative […]
Bitcoin Shows Local Bottom Signals as Miners Enter Capitulation Phase: Analyst
(Crypto News)-12/02/2025Bitcoin is flashing local bottom signals as miners enter a new “capitulation” phase, according to on-chain data.In a February 10 post on X, analytics account Bitcoindata21 said this pattern could indicate an upcoming price rebound.The analyst noted a “triggering” event in Bitcoin’s hash ribbon indicator, a widely recognized tool for predicting BTC price reversals at […]
Ukraine Gov’t Aims to ‘Legalize Crypto’ by Summer This Year – Senior Lawmaker
(Crypto News)-12/02/2025A top Ukrainian lawmaker has claimed that Kyiv is on course to “legalize” crypto by summer this year.Per the Ukrainian-language media outlet Minfin, the comments came from the lawmaker Danylo Hetmantsev, the head of the Verkhovna Rada’s Committee on Finance, Tax, and Customs Policy.Hetmantsev claimed that the main text of the crypto “legalization” bill is “already fully […]
Wall Street Banks Expand Crypto Ties Amid Trump’s Pro-Crypto Stance: Report
(Crypto News)-12/02/2025Wall Street banks are strategically shifting toward the crypto sector. Under President Donald Trump’s pro-crypto administration, they anticipate a surge in initial public offerings (IPOs) and other capital market activities.According to a Bloomberg report, major financial institutions, including Morgan Stanley, Bank of America, and Royal Bank of Canada (RBC), are reassessing their positions and actively […]
January 2025 Crypto Report: Trump’s Inauguration, Bitcoin’s New High, and Solana’s AI Rise
(Crypto News)-12/02/2025This crypto report provides a comprehensive overview of the cryptocurrency market in January 2025, leveraging on-chain data to analyze key metrics across various blockchain networks. We’ll delve into price movements, market sentiment, network activity, and specific trends for Bitcoin, Ethereum, and Solana.Donald Trump’s inauguration as the U.S. President boosted crypto sentiment, with expectations of […]
Crypto Prices Dip as Trump’s Metal Trade Tariffs Weigh on Markets
(Crypto News)-12/02/2025The total crypto market cap tumbled by 3% on Monday after President Donald Trump announced he would impose new 25% tariffs on all steel and aluminum imports, adding to the existing metals duties.Speaking to reporters Sunday on his way to the NFL Super Bowl, Trump stated that he planned to announce the new metals tariffs […]
OpenAI Founder rules out lawsuit against DeepSeek
(Big News Network)-06/02/2025Sam Altman has called the Chinese AI model ?impressive? and welcomed competition, despite concerns over reverse-engineering GPTOpenAI has “no plans” to pursue legal action against DeepSeek, a Chinese artificial intelligence startup known for its advanced chatbot, the US company’s founder Sam Altman has announced.Speaking in Tokyo on Monday, Altman described DeepSeek as “certainly […]