Tag: Report

Elon Musk Said To Propose Blockchain Use At DOGE – Report

Elon Musk, the founder of SpaceX, Tesla, and also a key figure behind President Donald Trump’s administration, is reportedly engaging in discussions about the potential implementation of blockchain technology within the newly established Department of Government Efficiency (DOGE).  This initiative, part of Trump’s broader effort to enhance the digital asset industry, aims to leverage the advantages of blockchain for improving government operations. Elon Musk Eyes Blockchain Solutions Sources familiar with the talks, who requested anonymity due to the confidential nature of the discussions, indicated to news outlets such as Fortune,…

Wallet addresses holding at least $100 in Bitcoin approach all-time highs: report

boss

Wallet addresses holding at least $100 in Bitcoin are approaching all-time highs as per a recent report by Binance. On-chain data shows a major increase in small Bitcoin (BTC) holders, showing a surge in renewed interest and optimism for BTC. This retail growth goes parallel to the institutional adoption driven by BTC ETFs, which saw holdings double from 650,000 BTC to over 1,250,000 BTC throughout 2024. The expanding retail presence comes as BTC shows strong holder behavior, with over 50% of BTC remaining unmoved for more than two years. Market…

Trump open to adding XRP, Solana to U.S. crypto reserve: report

President-elect Donald Trump is reportedly considering an “America-first” crypto reserve strategy that prioritizes digital assets founded in the U.S., according to the New York Post.  Coins such as Solana (SOL), USD Coin (USDC), and Ripple (XRP) are being discussed as potential inclusions.  Trump has recently met with the founders of these projects and is said to be receptive to the idea, sources close to the matter revealed to the NYP. He reportedly aims to focus U.S.-based cryptocurrencies in his proposed “America-first” crypto reserve strategy. Less eyes on Bitcoin?  However, the…

Bitcoin May Target $145,000 To $249,000 Under Trump Administration: Report

boss

Este artículo también está disponible en español. According to CryptoQuant’s latest weekly report, Bitcoin (BTC) could target a price range between $145,000 and $249,000 in 2025. The report cites rising institutional capital inflows and favorable crypto regulations as key drivers of Bitcoin’s potential price appreciation. Bitcoin To Benefit From Increasing Institutional Flows Following a flash crash to $89,256 earlier this week, Bitcoin is now striving to reclaim the $100,000 price level. A recent report by CryptoQuant predicts that BTC could peak at $249,000 this year, supported by multiple favorable factors,…

Bitcoin ETFs resume inflows as BTC surge past $100k following US CPI report

boss

Spot Bitcoin exchange-traded funds in the United States saw a return to inflows on Jan. 15, as Bitcoin briefly surpassed $100k following the release of U.S. December Consumer Price Index data. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $755.01 million in net inflows on Wednesday, breaking a four-day outflow streak during which over $1.2 billion exited the funds. Interestingly, the majority of the inflows on the day came from Fidelity’s FBTC, which attracted $463.08 million — its highest net positive flow since March 7 of last…

Report: Tether Sues Swan Bitcoin Amid Claims of Secret Meetings and Broken Agreements

boss

A report reveals that Tether, the world’s leading stablecoin issuer, has reportedly initiated legal action against the bitcoin-focused firm Swan Bitcoin. Proceedings are said to have been filed in the High Court of England and Wales, marking the latest development in this unfolding dispute. Report Says Tether Has Filed a Lawsuit Against Swan Bitcoin in […] Original

Bitcoin mining showed strong growth in 2024 despite halving: report

boss

Bitcoin mining reached significant milestones in 2024, according to the latest industry update from H.C. Wainwright analysts Mike Colonnese and Dylan Scales. Bitcoin (BTC) surged 121% year-over-year, closing the year at $93,390 and outpacing all other asset classes. Key drivers behind the rally included the launch of U.S. spot Bitcoin ETFs, accelerating institutional adoption, and the re-election of pro-Bitcoin President Donald Trump, according to an analyst note shared with crypto.news. The Bitcoin network’s hash rate hit 796 EH/s by year-end, marking a 59% increase from 2023. This growth was primarily…

Bitcoin Loses $93K as Goldman Trims Fed Rate Cut Expectations, BofA Sees Potential Hike After Blowout Jobs Report

Bitcoin (BTC) started the new week on a negative note as major investment banks reassessed their expectations for Federal Reserve (Fed) rate cuts following Friday’s strong jobs report. The leading cryptocurrency by market value dipped below $93,000 during the European hours, representing a 1.6% drop on the day, according to data source CryptoX. Prices looked set to test the support zone near $92,000, which has consistently acted as a floor since late November. The CryptoX 20 Index, a broader market gauge, was down over 3%, with major coins like XRP,…

Report: Stablecoin Powerhouse Tether Dives Into AI Filmmaking

Bloomberg’s Suvashree Ghosh reports that Tether, the leading issuer of stablecoins, is embarking on a bold foray into artificial intelligence (AI) filmmaking, signaling an ambitious innovation agenda. Tether Boss Discusses Bold Step Into AI Filmmaking Renowned for its commanding role in the stablecoin sphere, Tether manages roughly $137 billion USDT in circulation. The company has […] Source CryptoX Portal