Cryptocurrency News

8 January

Thailand to Test Cryptocurrency Payments in Phuket, Says Deputy PM

Thailand is set to become one of the first countries in Asia to pilot cryptocurrency payments in a major tourist hub, with the government announcing plans to test digital currency transactions in Phuket. Deputy Prime Minister, Supattanapong Punmeechaow, revealed that the initiative is part of the nation’s broader strategy to integrate digital assets into its economy, especially in tourism. Phuket …

8 January

Bitfinex Derivatives Earns DASP License to Launch in El Salvador

Bitfinex Derivatives, a leading platform for cryptocurrency derivatives trading, has officially secured a Digital Asset Service Provider (DASP) license to operate in El Salvador. This milestone marks a significant expansion for Bitfinex as the country continues to establish itself as a global hub for crypto innovation and adoption. A New Chapter for Bitfinex in El Salvador The DASP license allows …

8 January

Ark Invest’s Crypto Chief Yassine Elmandjra Parts Ways with the Firm

Yassine Elmandjra, the head of digital assets at Ark Invest and one of the most prominent voices in the cryptocurrency investment space, has reportedly left the firm. This departure marks a significant change for Ark Invest, known for its forward-looking strategies in disruptive technologies, including blockchain and digital assets. A Key Architect of Ark’s Crypto Vision Elmandjra played a pivotal …

8 January

Bitcoin Drops Below $97K: Is the Bull Run Running Out of Fuel?

The cryptocurrency market faced a significant setback as Bitcoin slipped below the $97,000 mark, sparking concerns about the sustainability of its recent bull run. This price drop comes amid heightened market volatility and a series of external economic factors weighing on risk assets. What Triggered the Drop? Bitcoin’s decline follows a period of optimism where it rallied on hopes of …

8 January

Ignoring Bitcoin Poses Greater Risk Than Adopting It, Says Fidelity

Global financial powerhouse Fidelity has stirred debate with its latest report, asserting that nation-states risk more by ignoring Bitcoin than by allocating a portion of their reserves to it. The report underscores the growing relevance of cryptocurrencies as a hedge against economic uncertainties and a potential tool for financial sovereignty. Key Insights from the Report Fidelity’s analysis highlights Bitcoin’s unique …

8 January

Portugal’s BiG Bank Halts Crypto Transfers, Raising Concerns for Traders

Portugal’s Banco de Investimento Global (BiG Bank) has reportedly suspended transactions to cryptocurrency platforms, marking another blow to the crypto-friendly reputation of the country. This move has left traders and investors scrambling for alternatives as concerns over regulatory pressures mount. Details of the Ban According to reports from customers, BiG Bank has halted all outbound transactions to major cryptocurrency exchanges …

8 January

Bitcoin Tumbles Below $97K as $555M Liquidated Amid Strong US Economic Signals

The cryptocurrency market witnessed a sharp downturn as Bitcoin (BTC) fell below the $97,000 mark, triggering widespread liquidations across the market. Over $555 million in leveraged positions were wiped out in the past 24 hours, shaking investor confidence. Market Context The drop comes amid strengthening U.S. economic indicators, which have bolstered the U.S. dollar and raised expectations of tighter …

7 January

TONCASH Lands Strategic Investment from TON Ventures to Expand Crypto Cashback Platform

TONCASH Secures Funding from TON Ventures to Revolutionize Web3 Shopping and Rewards TONCASH Gets Boost from TON Ventures, Expanding Crypto Cashback to 200+ Brands Telegram’s TONCASH Partners with TON Ventures to Take On-Chain Rewards Global Crypto Cashback Giant TONCASH Expands with Strategic TON Ventures Investment TONCASH, a crypto cashback and rewards platform native to Telegram, has secured strategic investment from …

7 January

Republicans Outpace Democrats in Crypto Investments, New Study Finds

Why Conservatives Are Leading the Charge in Crypto Adoption Texas, Crypto, and Trump: How the Right Embraced Digital Currency Crypto, Libertarian Values, and the GOP: Why Republicans Are Flocking to Bitcoin Ask yourself which Americans are most enamored with crypto, and a few descriptors may come to mind: Millennials. Techies. Guys. Republicans? Maybe not. But new research from the University …

7 January

BitFuFu Boosts Bitcoin Production by 32% and Expands with New Mining Agreement

BitFuFu’s Big Move: 32% Jump in Bitcoin Output and Strategic Expansion BitFuFu’s Growth Spurt: 1,720 BTC and 80,000 Miners on the Horizon BitFuFu Strengthens Position in Bitcoin Mining with New Agreements and User Growth Bitcoin Mining Giant BitFuFu Increases Output, Expands with BITMAIN Deal BitFuFu (FUFU) has shared an announcement. Stay Ahead of the Market: Discover outperforming stocks and invest …