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Tether, the popular stablecoin issuer, has moved a significant amount of Bitcoin worth $459 million to the wallet of digital asset management firm Twenty-One Capital. This transfer indicates a growing trend of institutional interest in cryptocurrencies. The movement of such a substantial sum of Bitcoin by Tether to Twenty-One Capital’s wallet suggests a strategic investment [...]
According to a recent article on CoinTelegraph, the success of Pi Network may not necessarily hinge on being listed on major exchanges. While being listed on exchanges like Binance or Coinbase can indeed bring more visibility and accessibility to a cryptocurrency, there are other factors at play when it comes to Pi Network’s potential success. [...]
The post Can Pi Network Thrive Without Being Listed on Major Exchanges? appeared first on Crypto Breaking News.
The cryptocurrency industry is undergoing a significant transformation when it comes to regulatory compliance, with many firms now prioritizing compliance measures more than ever before. Elliptic, a leading provider of crypto compliance solutions, has observed this shifting mindset among industry players. There is a growing recognition within the crypto space that compliance is essential for [...]
The post Elliptic Co-Founder Reveals Major Change in Crypto Firms’ Compliance Approach appeared first on Crypto Breaking News.
Senate Majority Leader John Thune recently introduced a bill aimed at regulating stablecoins, a type of cryptocurrency designed to maintain a stable value. The bill, titled the “Digital Asset Market Structure and Investor Protection Act,” is part of ongoing efforts to address potential risks and provide clarity in the fast-evolving digital asset space. Stablecoins have [...]
The post US Senate Majority Leader Anticipates Vote on Stablecoin Regulation Before May 26, According to Report appeared first on Crypto Breaking News.
The Bitcoin market has shown high volatility in April, having produced similar levels of gains and losses over the past three weeks. Amidst the choppy price action, Bitcoin whales appear to be increasing their holdings, perhaps in anticipation of future price gains. Related Reading: Bitcoin Ready To Reclaim $90,000? BTCs Next Big Move Could Come Next Week Bitcoin Whales Add 53,600 BTC, Now Hold 68% Of Supply In an X post on April 18, prominent blockchain analytics firm Santiment has provided valuable insight on the recent behavior of the major Bitcoin stakeholders. Despite the BTC market still displaying significant levels of uncertainty, Santiment reports a strong confidence level among investors holding between 10 and 10,000 BTC. The analytics firm states that these key Bitcoin holders have accumulated 53,600 BTC from March 22, and now control 67.77% of Bitcoin in circulation. During the period of this accumulation spree, the BTC market has failed to establish a clear price direction with significant swings in either direction mediated by periods of tight consolidation. Notably, BTC dropped by 13% in early April, twice retesting the $74,000 support level before rebounding to reach a high of $88,000 on April 15. Since then, it has entered a consolidation phase, fluctuating within a range of $83,000 to $86,000. The ongoing accumulation trend among Bitcoin whales amid this price uncertainty signals growing market confidence, as major holders appear to be positioning for a potential rally. For retail traders, this behavior serves as a strong bullish indicator, suggesting that there is sufficient underlying demand to drive and sustain further price appreciation. Related Reading: Chainlink Price Continues To Hover Around $12.5 Levels To Watch What Next For Bitcoin? Following the inauguration of US President Donald Trump in January, Bitcoin has fallen victim to the macroeconomic factors as new tariff policies have caused significant market panic among investors. Since hitting an all time high around $109,000 on January 20, the premier cryptocurrency slipped into market correction to trade as low as $74,000 on April 7 and 9. Notably, the premier cryptocurrency produced a price rebound from these market lows, as the US Government announced a 90-day new tariff pause. However, the ongoing consolidation that has lasted over the past week indicates the lack of a bullish market catalyst. Bitcoin enthusiasts will hope for positive developments, including a potential Federal Reserve rate cut following recent pressure from Trump. For multiple analysts, Bitcoin must cross the $91,000 resistance to validate any potential for a sustainable bullish uptrend. If this price gain occurs, the leading cryptocurrency is tipped for a return to its all-time high and perhaps new price discovery. At press time, Bitcoin continues to trade at $85,226, reflecting a price gain of 0.72% in the past day. Featured image from Pexels, chart from Tradingview
Bitcoin Price Faces Strong Resistance at $94K Level, Say Crypto Analysts Bitcoin’s price is currently at a critical juncture as it approaches the $94,000 level, with analysts signaling significant resistance at this key point. The leading cryptocurrency has been trading in a volatile range in recent weeks, experiencing both upward and downward movements. Many crypto [...]
The post Analysts predict major challenges for Bitcoin in reclaiming $94,000 appeared first on Crypto Breaking News.
Decentralized finance platform Sir TrAdIng has suffered a devastating loss of its entire $355,000 Total Value Locked (TVL) due to an exploit. The exploit involved a vulnerability in the protocol that allowed attackers to drain the funds from the platform. This incident highlights the risks associated with DeFi platforms and the importance of robust security [...]
The post DeFi Platform SIR.trading Faces Catastrophic Loss of $355K Total Value Locked in Major Blow appeared first on Crypto Breaking News.
MT. Gox, in its third significant Bitcoin transfer, moves $1 billion worth of the cryptocurrency. This latest move by the infamous exchange has spurred speculation and raised questions about the future of Bitcoin. With the current volatility in the market, such a large transfer could have a substantial impact on the price of Bitcoin. MT. [...]
The post Mt. Gox Makes Historic $1B Bitcoin Transfer, marking its third major move in April appeared first on Crypto Breaking News.
Bitcoin has reached an exciting milestone as it experiences its first RSI breakout in the past six months, setting the stage for a potential surge to $85K. The Relative Strength Index (RSI) is a key technical indicator used by traders to evaluate the momentum of an asset. When the RSI surpasses the 70 threshold, it [...]
The post Bitcoin Primed for First Major RSI Breakout in 6 Months at $85,000 appeared first on Crypto Breaking News.
In a recent survey, it was found that institutions are preparing to bolster their investments in cryptocurrency. The results indicated a growing trend among institutional investors towards increasing their crypto allocations in the near future. The survey revealed that a significant number of institutions are looking to diversify their portfolios by including digital assets like [...]
The post Coinbase Survey: Majority of Institutions to Increase Crypto Holdings by 2025 appeared first on Crypto Breaking News.
OKX, a popular cryptocurrency exchange, has recently obtained a license under the Markets in Financial Instruments Directive II (MiFID II) in Europe. This achievement marks a significant milestone for OKX, allowing the exchange to expand its services and operations within the European Union. MiFID II is a regulatory framework that aims to enhance transparency, investor [...]
The post OKX Crypto Exchange Obtains MiFID II License in Europe: A Major Regulatory Achievement appeared first on Crypto Breaking News.
In February, the SEC dismissed cases against meme coins, resulting in a cool-down for these digital assets. This move by the SEC had a significant impact on the cryptocurrency market, as meme coins have been a hot topic of discussion lately. The decision by the SEC to drop these cases has brought some relief to [...]
The post Top Trends in February: SEC Resolves 6 Cases, Memecoin Frenzy Subsides, and Other Major Developments appeared first on Crypto Breaking News.
The recent decision by FTX to delay their two-year repayment should be seen as a positive outcome. While some may view this delay as a setback, it is actually a strategic move that will benefit both FTX and their customers in the long run. By extending the repayment period, FTX is able to better manage [...]
The post Trader Who Accurately Predicted FTX’s Collapse Hails 2-Year Repayment Delay as a Major Victory appeared first on Crypto Breaking News.
On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four French banks and one international [...]
The post French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud appeared first on Crypto Breaking News.
The price of EUL, the native token of Euler Finance protocol, has started the week on a bullish trajectory. At press time, EUL was trading at $3.73, up by 5.70% in the past 24 hours. The token has hit a daily high of $3.8. EUL had dropped considerably after a hacker stole $196 million worth …
<p>The post EUL price surging after major Euler protocol news first appeared on CCNC | Cryptocurrency Newscast.</p>
Canadian law enforcement reports that affluent cryptocurrency investors have become targets of home invasion-style robberies. Both Delta Police and Royal Canadian Mounted Police in Richmond have issued warnings after having dealt with multiple robberies involving prominent cryptocurrency investors over the past year. Wealthy Crypto Investors Become Targets in Canada Over the last 12 months, numerous [...]
The post Canadian Police Warn of Surge in Home Invasion-Style Robberies Targeting Affluent Crypto Investors appeared first on Crypto Breaking News.
Perpetrators have impersonated delivery drivers in order to break into the homes of victims to steal cryptocurrency.
Internet Computer price (ICP/USD) has been rising since yesterday after Poloniex, one of the oldest cryptocurrency exchanges, announced its listing. According to the announcement by Poloniex, the exchange listed the ICP token on February 16 and the ICP wallets opened at 05:00 UTC, while full trading was enabled at 07:00 UTC. The wallets allow traders ...
<p>The post Internet Computer price takes a ride after major exchange listing | Invezz first appeared on CCNC.</p>
The approvals came after the Monetary Authority of Singapore issued two consultation papers that proposed to ease regulatory hurdles for digital asset service providers.
According to a recent announcement by Persistence, pSTAKE has launched a liquid-staking solution called stkBNB on the BNB Chain.
In essence, the liquid staking concept allows investors to stake digital assets while retaining the tradable variant of the staked asset.
In this case, the stkBNB will allow investors to stake any non-zero amount of BNB (BNB/USD). It will therefore serve as a major boost for the BNB ecosystem by encouraging and allowing interested users to take part in various DeFi activities using their liquid-staked BNB besides the staking rewards.
How the stkBNB functionsOnce an investor stakes any non-zero BNB amount, the user will be issued with stkBNB coin instantly through an exchange rate framework that is similar to the model currently used by Compound’s cToken.
The value of the issued stkBNB keeps growing as staking rewards automatically accrue.
Users also have the option of auto-compounding their assets to generate the highest yields possible.
When the investor feels it is time to unstake the staked BNB, pSTAKE automatically burns the issued stkBNB and issues an equivalent amount of BNB into the user’s crypto wallet. The unstaked BNB can then be withdrawn after a period of 15 days once the validators safely undelegate the funds.
It is important to note that the staking rewards accrual stops immediately after the unstaking action is completed.
pSTAKE’s reward distribution setupThe staking rewards within the BNB ecosystem come from the transaction fees paid by the BNB Chain users. As a result, the reward change depending on the network’s activity.
According to a post by pSTAKE, the stkBNB protocol works as follows:
This distribution model will remain active for the first 90 days after the launch of the mainnet after which fee distribution is subject to amendments through community consensus through a governance vote.
At the moment (initial bootstrapping phase) fees are waived and are subject to revision after three months through a governance vote.
Industry leaders tasked with verifying stkBNB’s smart contractsAccording to pSTAKE, every smart contract operating on the stkBNB platform is audited by industry leaders including Halborn and PeckShield.
pSTAKE is also working closely with Certora to validate the rules that have been hard-coded into stkBNB smart contracts. It has also integrated with Forta Network for bot detection to monitor and identify threats and therefore enables fast response time in case of key issues. Forta also facilitates on-chain tracking of smart contracts.
In addition, pSTAKE has also partnered with Immunefi and has launched a $300K bug bounty campaign.
pSTAKE’s BNB liquid staking solution benefitsSince its launch of the pSTAKE liquid staking platform, Persistence’s top priority has been to keep adding more DeFi use cases for the stkBNB to expose stakeholders to more benefits besides the staking rewards.
stkBNB is expected to foster the next phase of growth for the BNB Chain by bringing staked BNB into the BNB DeFi ecosystem while giving users the chance of participating in securing Binance’s native blockchain network.
The post pSTAKE’s liquid-staking solution on BNB chain a major milestone for Binance appeared first on Invezz.
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