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Cryptocurrency News

Location American Cryptocurrency News for 17 February 2024
US EIA Starts Requiring Energy Consumption Data From Cryptocurrency Miners The U.S. Energy Information Administration (EIA), a statistics agency of the U.S. Energy Department, has sent letters to cryptocurrency miners requiring data related to energy consumption and configuration of their minin...
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Coinbase Vaults Beyond 1 Million Bitcoin Mark, Stash Valued Over $52 Billion On Friday, Feb. 16, 2024, bitcoin’s value hovered between $51,850 to $52,350, with onchain insights from Arkham Intelligence revealing that the Nasdaq-listed crypto exchange giant, Coinbase, now possesses over 1 millio...
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Nigeria's Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls In the first month of 2024, Nigeria’s headline inflation rose from nearly one percent to 29.9%. However, on a year-on-year basis, the January 2024 headline inflation rate was 8.08 percentage points higher than the Janu...
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New Wave of Bitcoin ETFs Acquire 264,232 BTC Worth $13.5B in Just 5 Weeks, Blackrock's IBIT Leads Charge In the last 37 days, the newly introduced nine spot bitcoin exchange-traded funds (ETFs) have rapidly accumulated a remarkable total of 264,232.74 bitcoin, now valued at $13.5 billion based on the current exchange rates....
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Honduras Tightens Crypto Regulations, Prohibits Bank Transactions and Holdings The National Banking and Securities Commission of Honduras (CNBS) has passed a resolution prohibiting the country’s financial institutions from engaging in cryptocurrency-related activities. The CNBS stated that crypto...
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April 2024 Bitcoin Halving Sparks Worldwide Curiosity, Data Reveals A recent study focusing on the search term “bitcoin” through Google Trends data revealed that curiosity remained subdued even as the price soared above the $50K mark. Yet, anticipation for the forthcoming reward halv...
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Yuga Labs' Acquisition of Proof Fuels Moonbirds NFT Sales Uptick Friday saw Yuga Labs, known for creating the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) series, unveiled its acquisition of Proof, a notable NFT startup behind the Moonbirds collection. Kevin Rose, founder of P...
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Bitcoin Price Prediction as BTC Market Cap Surpasses $1 Trillion - Can Bitcoin Overtake Gold? Bitcoin Price Prediction Bitcoin’s market capitalization crossing the $1 trillion threshold represents a pivotal moment in its challenge against traditional assets like gold. As Bitcoin price prediction becomes a hot t...
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Telefonica Partners Chainlink to Mitigate SIM Swap Attacks in Web3 Telefonica, one of the world’s largest telecom companies, has partnered with Chainlink, a decentralized oracle provider, to improve security in Web3 environments. Through the use of Chainlink functions and Telefonica�...
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Aptos Foundation and Blockchain Phone Maker Jambo Partner to Bolster Global Web3 Access The Aptos Foundation has revealed its collaboration with Jambo, a creator of blockchain-enabled smartphones, to bolster emerging markets through Web3 innovation. The pair state that their alliance seeks to improve Web3 a...
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Citi Completes Private Market Tokenization Test Using Avalanche Citi, in alliance with Wellington Management, Wisdomtree, and ABN AMRO, completed a proof of concept for the tokenization of a private fund on top of the Avalanche blockchain. The test used Spruce, an Avalanche subnet, t...
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Justin Sun Unveils Tron-Based Bitcoin Layer Two Roadmap Tron is embarking on an ambitious journey to transform the Bitcoin ecosystem, as announced by its founder, Justin Sun. Through the integration of Bitcoin Layer two solutions, Tron seeks to decentralize and interconnect a...
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U.S. Regulators Can Influence Tether's Offshore Usage: JPMorgan Tether's (USDT) dominant position as the largest stablecoin faces regulatory challenges and risks from various authorities and jurisdictions as they seek to impose more transparency and compliance on stablecoins. The sta...
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Bitcoin ETFs Gobble Another $477 Million Despite Rising GBTC Sales Bitcoin spot ETFs in the United States absorbed another $477 million in net flows on Thursday, maintaining record growth despite a revival of outflows from the Grayscale Bitcoin Trust (GBTC). Data compiled from BitMEX Re...
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