Howard Lutnick’s anticipated role in boosting the U.S. cryptocurrency ecosystem is shaping up to be pivotal. As President-elect Donald Trump’s selection for Secretary of Commerce, Lutnick is poised to introduce an ambitious $2 billion financing initiative that allows clients to secure loans using Bitcoin as collateral. This is a significant development that indicates a shift
Crypto
In recent weeks, the crypto landscape has been marked by fluctuations and strategic innovations as decentralized finance (DeFi) networks vie for dominance. One notable contender is the Base network, which has recently achieved a significant milestone by surpassing $10 billion in total value locked (TVL). This growth, attributed largely to the activities of Aerodome Finance
In a significant move to cater to its global user base, Binance, the largest cryptocurrency exchange by trading volume, has introduced monthly options and new trading pairs to its platform. This was announced in a press release detailing the launch of SOL/USDT and BNB/USDT monthly options, set to commence on November 26. These European-style options
In the wake of Donald Trump’s recent electoral victory, the cryptocurrency market has experienced a remarkable bull run, with Bitcoin emerging as the standout performer. In a mere three weeks, the price of Bitcoin escalated from just below $70,000 to an impressive peak of over $99,800. This surge highlights a strong investor sentiment, driven by
The Trump Media and Technology Group (TMTG), known for operating the social media platform Truth Social, is poised to make significant strides into the realm of digital currency. Recently, the organization took a notable step by applying to trademark the name “TruthFi,” signaling its intention to launch a cryptocurrency payment service. This move aligns with
In recent days, the cryptocurrency market experienced a significant rally, attracting attention and enthusiasm from both investors and analysts. However, as the week unfolds, there are signs of a cooling period where most digital assets are witnessing corrections. This natural ebb and flow is not uncommon in the volatile world of cryptocurrencies and often serves
In a significant legal development, BIT Mining, a company primarily engaged in Bitcoin mining, has reached a settlement with U.S. authorities involving a hefty penalty of $10 million. This resolution comes in light of serious allegations concerning bribery linked to Japanese government officials. The company has acknowledged violations of the Foreign Corrupt Practices Act (FCPA),
Bitcoin, the leading cryptocurrency, recently experienced an exhilarating sprint toward unprecedented heights, flirting with the $100,000 mark. After achieving a jaw-dropping price of over $99,800, the cryptocurrency appeared primed to breach this psychological threshold, igniting excitement within the community. However, against a backdrop of exuberance, the market dynamics took an unexpected turn. Since reaching that
In a significant demonstration of financial momentum, Bitcoin has recently surged over 40% higher than its average price, particularly notable just ahead of the November 5th elections in the United States. Analysts and market watchers attribute this spike not solely to market demand but also to the political landscape, particularly the promises made by the
In an unpredictable cryptocurrency market, Bitcoin’s recent attempt to surpass the $100,000 mark has been met with disappointment. After a promising surge that saw BTC reach about $99,800 on various exchanges, the market took a slight downturn, resulting in a price correction to approximately $98,000. This fluctuation highlights a crucial aspect of digital currencies: the
