Solv Protocol to Launch ‘Onchain MicroStrategy’
Solv Protocol is set to introduce an innovative “onchain MicroStrategy” to integrate yield-generating Bitcoin reserves into decentralized finance (DeFi), according to a post from Solv’s co-founder Ryan Chow on Nov. 29. Chow stated, “We are creating the first On-Chain MicroStrategy—a transparent and permissionless platform designed to transform Bitcoin from just a passive store of value […]
Bitcoin Declared Dead 415 Times, Now It Fights for $100K
Bitcoin continues to push towards a six-figure price tag, despite being declared “dead” more than 400 times over the past 14 years. The cryptocurrency has been written off by mainstream media on 415 occasions, with the first “death” announcement coming as early as October 2010, when Bitcoin was valued at just $0.11. If you had […]
Russia Passes Crypto Tax Legislation Recognizing Bitcoin and Other Cryptocurrencies as Property
Russia is moving quickly to implement new cryptocurrency taxes, as Bitcoin hits record-breaking highs against the nation’s ruble. On November 27, the Federation Council, Russia’s upper parliamentary chamber, passed a federal bill aimed at introducing new taxes on cryptocurrency transactions. The proposed legislation recognizes digital currencies as property and imposes a personal income tax of […]
Bitcoin whales ‘took advantage’ of $90K Bitcoin price dip, scooping up $1.5B
Bitcoin saw a 6.25% rebound from its recent low of $90,742, pushing past $96,000 on November 29, as on-chain data indicated that whales capitalized on the temporary price dip earlier this week. Whales Scoop Up $1.5B in BTC Amid Price Correction Data from TradingView revealed a strong price recovery after Bitcoin’s brief dip, with its […]
Bitcoin Maintains 8% Surge While Spotlight Turns to Ethereum’s Rebound
Bitcoin hovered around $96,000 on Nov. 29, following a robust defense of support levels that set the stage for consolidation. Bitcoin Resilient Above $90,000 Data from TradingView indicated that Bitcoin’s recent surge on Nov. 27 was followed by reduced volatility, with BTC/USD closing just below $96,000 on Bitstamp. Despite pressure from sellers, Bitcoin managed to […]
Coinbase Ends USDC Rewards in Europe Amid MiCA Regulations
European Coinbase users have voiced frustration over regional crypto regulations following the exchange’s decision to end its yield program for USD Coin (USDC), a dollar-pegged stablecoin, for certain customers. On Nov. 28, Coinbase informed users via email—later shared by several recipients on X—that it would discontinue the USDC rewards program in the European Economic Area […]
Altcoins Volatility Likely to Persist Until Bitcoin Makes a Breakout, Says Analys
Altcoins are likely to continue experiencing dramatic swings in price until Bitcoin manages to break past the $100,000 milestone, according to a leading crypto analyst. “We’re waiting for that euphoric Bitcoin move before we see a significant shift in capital flow,” explained Pav Hundal, lead analyst at crypto exchange Swyftx, during his appearance at Aus […]
Altseason Delayed by Lack of New Retail Capital — Ki Young Ju
Ki Young Ju, the founder and CEO of CryptoQuant, recently shared his thoughts on the delayed altcoin season, asserting that for altcoins to experience significant growth, a fresh wave of retail capital will be necessary. Ju explained that institutional investors, whose capital is tied up in exchange-traded funds (ETFs), are unlikely to divert their gains […]
Bitcoin’s Metrics Indicate Bull Market Still Has Room to Grow, Not Overvalued
Bitcoin’s valuation indicators suggest the current bull market still has significant room to run, with no signs of the typical overvaluation that often signals a market peak. Analysts are now targeting a potential price of $146,000 for the cryptocurrency within this cycle. A recent report from research firm CryptoQuant, released on November 27, highlights that […]
Trump’s Team Considers Pro-Crypto Paul Atkins for SEC Chairman
President-elect Donald Trump’s team has conducted interviews with Paul Atkins, a well-known advocate for cryptocurrency, as a potential replacement for Gary Gensler as the next SEC Chair. Atkins, a seasoned financial regulator and a prominent figure within conservative financial circles, is reportedly among the top candidates under consideration by Trump’s team. Sources indicate that a […]