CME Group, a leading global markets company, has announced the launch of XRP and ICP reference rates and real-time indices. Ripple CEO Brad Garlinghouse explained that the first step towards institutional crypto products is having a trusted benchmark reference rate. CME Group Introduces Transparent Pricing for Internet Computer and XRP CME Group, a leading global…
Germany’s on-chain Bitcoin wallet balance has officially reached zero, according to Arkham Intelligence, meaning sell pressure from the European economic powerhouse is likely at or near its end. The wallet’s latest outflows bring an end to a bearish narrative that’s hung over the crypto market for weeks, at a time when on-chain indicators are signaling…
The cryptocurrency market has experienced a remarkable surge, recently crossing the $2 trillion mark. This milestone has been significantly influenced by Donald Trump’s political activity, which has invigorated investor interest and driven substantial gains. Notably, zkSync, LayerZero, and Algotech have emerged as top performers, showcasing their potential to transform the crypto landscape. Let’s dive into…
Pixelverse, a Web3 gaming ecosystem, has secured an additional $2 million in funding, bringing its total private round to $7.5 million. This funding was provided by several Web3 venture capital firms and prominent angel investors. Web3 Gaming Platform Pixelverse Secures $2M in Latest Funding Round Galaxy Interactive, Crit Ventures, and Arc Community contributed to the…
The Security and Exchange Commission’s accounting bulletin 121 (SAB 121) requires companies, including banks, to hold crypto assets for clients as a liability on their balance sheets. This makes it inefficient for large banks to offer crypto custody services. Both the House and Senate passed a bipartisan Congressional Review Act (CRA) resolution to nullify this guidance,…
Binance is celebrating its seventh anniversary, reflecting on its growth and achievements in the rapidly evolving cryptocurrency industry. In an open letter, Binance CEO Richard Teng shared his insights and perspective on the company’s journey and future. Binance CEO Richard Teng on Successes, Challenges, and the Road Ahead In his reflection shared with Bitcoin.com News,…
In a July 11 hearing, Judge Katherine Polk Failla expressed skepticism about Coinbase’s efforts to subpoena SEC Chair Gary Gensler in the ongoing SEC case against the cryptocurrency exchange. As detailed by Inner City Press, the hearing showcased Coinbase’s persistent efforts to acquire Gensler’s communications, including statements made before he became SEC Chair in 2021.…
U.S. Senator Bill Hagerty discusses key issues including cryptocurrency’s future under a potential second Trump administration, highlighting former President Donald Trump’s pro-crypto stance and criticism of Democratic policies. Hagerty advocates for a supportive ecosystem to foster innovation and decentralized control of digital assets, contrasting with what he describes as the Democrats’ overly centralized approach. ‘We…
The German government has sold its entire bitcoin holdings, according to data from crypto intelligence firm Arkham. “The German government is now out of bitcoin,” the firm wrote. This divestment began in June, with funds transferred to exchanges and institutional services. German Government Divests All Bitcoin Holdings The German government has sold all its bitcoin…
The Paraguayan senate has passed a series of reforms that changed penalties for energy and cryptocurrency mining-related energy theft. Now, individuals and companies found to be stealing energy for cryptocurrency mining activities will face jail time for up to 10 years, while energy theft for other purposes will face penalties for up to three years.…