Cryptocurrency News

Bitcoin slipped below $77,000 on Monday, despite Binance’s announcement that it had fully replenished assets lost in the recent hack using its own funds. Another, albeit much smaller crypto exchange hack also popped up on Monday. Bitcoin Drops Below $77K Bitcoin slipped below $77,000 on Monday as the cryptocurrency continued to grapple with a crisis…Read More

Nvidia, Costco, Nike, and Reddit are among 12 additional companies that have objected to having their shares tokenized on OKXICE’s proposed trading platform, bringing the total to 50 companies. That leaves only a small fraction of the venture’s original targets without formal objections. Nvidia Leads Latest Objectors The latest additions were disclosed in an updated…Read More

Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, said Monday that it had halted deposits and withdrawals following a “security incident.” A prominent analyst pegged the damages at $46 million worth of crypto and counting across numerous chains, including Bitcoin and Ethereum.   Brazil’s Top Crypto Exchange Attacked On Monday, Mercado Bitcoin—Brazil’s largest crypto exchange—shared…Read More

Bitcoin Magazine Brazil’s Mercado Bitcoin Freezes Deposits and Withdrawals Due to Ongoing Security Incident, Losses Estimated Near $40 Million Brazil’s largest crypto exchange Mercado Bitcoin says customers suffered no losses, but it has not said how much was taken or when it will reopen. This post Brazil’s Mercado Bitcoin Freezes Deposits and Withdrawals Due to…Read More

Bitmine Immersion Technologies has moved closer to its ambitious goal of owning 5% of ether’s total supply, while Chairman Tom Lee argues that the cryptocurrency market’s relatively muted response to last week’s massive Binance hack demonstrates the industry’s growing resilience. Bitmine Nears 5% ETH Goal The publicly traded company announced Monday that it purchased another…Read More

While the bank ultimately wants Redcoin, one of the first regulated Hong Kong dollar stablecoins, to reach millions, the token has already seen meaningful adoption just one week after launching through the bank’s channels. HSBC Reaches 50K Users After Launch HSBC has reached a milestone in its digital asset business, with Redcoin, its Hong Kong…Read More

Bitcoin Magazine Binance Reopens Withdrawals as Hack Recovery Enters Second Week  Binance has reopened withdrawals after its $6.3 billion North Korea hack, covered 95% of losses, and has reserves for the remaining 5%, with post-mortem reviews to stay open. This post Binance Reopens Withdrawals as Hack Recovery Enters Second Week  first appeared on Bitcoin Magazine…Read More

▶Bitcoin Magazine Bitwise’s André Dragosch: Bitcoin’s “Fair Value” of $197,000 André Dragosch details Bitcoin as a liquidity canary, its $197K model fair value, Fed policy shifts, recession risks, and capital rotation from precious metals. This post Bitwise’s André Dragosch: Bitcoin’s “Fair Value” of $197,000 first appeared on Bitcoin Magazine and is written by Mark Mason.Read More

▶Bitcoin Magazine Adam Back: Pension Funds Are Bitcoin’s “Third Wave” of Adoption Adam Back explains why Bitcoin’s third wave—pensions, managed funds, and model portfolios—is still to come, and how Swiss banks are already preparing. This post Adam Back: Pension Funds Are Bitcoin’s “Third Wave” of Adoption first appeared on Bitcoin Magazine and is written by…Read More

Bitcoin Magazine Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows Suit With 124 as Both Keep Stacking Strategy bought 811 bitcoin for $65.5 million and Strive added 124 BTC last week, with the two firms together adding 935 coins and Strategy now holding 849,327 BTC. This post Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows…Read More