ECB President ‘Certain’ Bitcoin Won’t Be Added to Central Bank Reserves

Christine Lagarde, President of the European Central Bank (ECB), has expressed skepticism over the potential of Bitcoin being adopted as a reserve asset by central banks, including the Czech National Bank (CNB), following discussions with its governor. During a press briefing on January 30, Lagarde reaffirmed the ECB’s stance that central bank reserves should be […]

Ross Ulbricht’s Pardon: What Does It Mean for Bitcoin’s Image?

The recent pardon of Silk Road founder Ross Ulbricht by former US President Donald Trump has sparked debates within the cryptocurrency community about its implications for Bitcoin’s public perception. Ulbricht, who was arrested in 2013 and sentenced to life in prison without parole for his involvement in the darknet marketplace Silk Road, was released after […]

From Block 0 to Global Phenomenon: Tracing Bitcoin’s Evolution

On January 3, 2009, the first-ever Bitcoin block—known as the genesis block—was mined. This historic moment marked the beginning of a decentralized financial revolution. Over the past 16 years, the Bitcoin blockchain has recorded over 1.13 billion transactions across nearly 800,000 blocks, solidifying its place as a transformative technology. Satoshi Nakamoto, Bitcoin’s enigmatic creator, embedded […]

Stablecoin reserves hit $45B on exchanges – What it means for Bitcoin investors

Bitcoin’s [BTC] recent price rally has reignited discussions around market dynamics, particularly Binance’s massive stablecoin reserves and their role in fueling bullish sentiment. As of December 31, these reserves soared to an impressive $44.5 billion, signaling significant buying potential that could further propel BTC upward. At the time of writing, Bitcoin was trading at $93,592.03, […]

Solana adds $1B worth of stablecoins in December

Solana experienced a remarkable $1 billion increase in stablecoin value throughout December, with the majority of the inflow attributed to USD Coin (USDC), according to data from DefiLlama. This growth underscores the rapid adoption of stablecoins and highlights Solana’s emergence as a key player in decentralized finance (DeFi) during 2024. The Solana network now boasts […]

Binance Bitcoin Reserves Return to January Levels

Bitcoin reserves on Binance, the world’s largest cryptocurrency exchange by volume, have fallen to levels not seen since January 2024. Notably, this occurred just two months before Bitcoin’s value soared by 90% in March of the same year. If Bitcoin mirrors this pattern again, starting from its current price of $98,680, it could potentially climb […]

Binance Records $24 Billion in Inflows from 250M Users in 2024

Global cryptocurrency platform Binance has amassed over $24 billion in user deposits throughout 2024, according to data compiled by DefiLlama. In a recent update, Binance highlighted its inflows outpacing the combined total of 10 rival exchanges. The company attributed this remarkable growth to increased global interest in cryptocurrencies, fueled by regulatory breakthroughs, record-setting price movements, […]

Changpeng Zhao Predicts China’s Inevitable Move to Establish a Bitcoin Reserve

Former Binance CEO Changpeng “CZ” Zhao suggested that China might eventually establish a strategic Bitcoin reserve, potentially following the lead of the incoming United States presidential administration. Speaking at the Bitcoin MENA conference in Abu Dhabi on Dec. 9, Zhao predicted that smaller countries would likely adopt Bitcoin reserves first, but emphasized that China’s approach […]

Bitcoin Surge Predicted to Persist Through 2025 — Analyst

Bitcoin has achieved a significant milestone, surpassing the $100,000 mark for the first time on Dec. 6, marking a historic moment in the cryptocurrency’s journey. This remarkable rise comes despite lackluster performance across traditional markets. Over the past month, Bitcoin’s value climbed by 32%, contrasting sharply with declines in other key assets such as oil, […]

Binance Dominates Bitcoin Deposits Among Crypto Exchanges in 2024

Cryptocurrency exchanges have experienced a significant surge in average deposits in 2024, largely driven by increased participation from institutional and corporate investors. A report from CryptoQuant on Dec. 3 reveals that Binance has led the way in Bitcoin deposits, with its average daily deposit rising by 2.77 BTC over the course of the year. This […]