Bitcoin has continued its downward trend within a horizontal range in recent weeks, with every upward attempt being met with renewed selling pressure. Market data suggests that investors who bought at prices near the record highs seen particularly in early October are viewing the rallies as selling opportunities. Cryptocurrency analytics company Glassnode stated that various
A Bitcoin address associated with Silk Road founder Ross Ulbricht, reportedly holding approximately 86,000 BTC (approximately $8 billion), is showing remarkable activity. According to on-chain data, some of these assets are being relocated under the Coinbase Prime custody service. A total of 11,000 BTC has reportedly been moved so far. Market observers note that such
The Bank of Japan (BOJ) is reportedly preparing to raise interest rates for the first time in almost a year at its monetary policy meeting in December. According to Nikkei, raising the policy rate by 25 basis points from 0.5% to 0.75% at the December 18-19 meeting appears to be the strongest option. This move
Key Takeaways A prominent Bitcoin investor currently faces an unrealized loss of $12.5 million on a $617 million long position. The investor’s portfolio includes large holdings in Ethereum, Bitcoin, and Solana. An early Bitcoin investor, widely referred to as Bitcoin OG 1011, is currently sitting on an unrealized loss of more than $12.5 million from
Key Takeaways BNB Chain reached a new record of 8,384 transactions per second, a 26% increase from its previous high. BNB is trading near $874, flat on the day and up 8% since the start of December. BNB Chain processed 8,384 transactions per second today, setting a new throughput record and marking a 26% increase
Key Takeaways The OCC granted conditional approvals for five national trust bank charters, including Ripple and BitGo. Approved firms may offer federally regulated crypto custody and trust services pending final requirements. The Office of the Comptroller of the Currency (OCC) has conditionally approved five applications for national trust bank charters, including Ripple National Trust Bank
The U.S. Office of the Comptroller of the Currency (OCC) announced it has granted conditional approval for several large institutions operating in the digital asset sector to become national trust banks. According to the OCC’s statement, a total of five applications, including those from Fidelity Digital Assets, Paxos, and Ripple, were accepted provided they met
Five digital asset firms have received conditional approvals Friday to become federally chartered banks by the Office of the Comptroller of Currency (OCC) in a major step to bring U.S. dollar stablecoin issuers under federal regulatory oversight. Blockchain firm Ripple and Circle’s (CRCL) First National Digital Currency Bank are on the list, which also includes
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto’s biggest problem right now is that it’s just too difficult. The average web3 app requires a level of technical skill that most people lack, and until that changes, very few will
Key Takeaways Backed and Chainlink launched xBridge, enabling cross-chain transfers of tokenized stocks between Ethereum and Solana. xBridge preserves corporate actions like dividends and stock splits, enhancing accessibility and interoperability for tokenized equities. Backed, a leading provider of compliant tokenized equities and ETFs, best known for its xStocks product line, has teamed up with Chainlink