Memecoin project Floki (FLOKI) released a zero-fee debit card in 31 European countries on Monday, with plans to expand the offering to other countries in the future. The debit card allows users to spend bitcoin (BTC), ether (ETH), USD Coin (USDC), tether (USDT), BNB Chain’s BNB and FLOKI globally at merchants that accept VISA or … Read more
Wall Street giant JPMorgan (JPM) turned more bullish on some bitcoin (BTC) mining stocks in its coverage following third quarter results and recent gains in bitcoin price and the network hashrate, the bank said in a report on Tuesday. The bank upgraded Cipher Mining (CIFR) and CleanSpark (CLSK) to overweight from neutral. JPMorgan also introduced … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s bull-bear tug-of-war continues to rage, with prices recovering to over $97,000 from Monday’s dip to $94,200. That slide was prompted by concern Google’s new quantum-computing chip, Willow, could compromise BTC’s security — a worry quickly dismissed by analysts. That leaves directional traders with little to … Read more
First Abu Dhabi Bank (FAB) has signed a Memorandum of Understanding (MoU) with Libre Capital, the tokenization specialist backed by WebN Group and Nomura’s Laser Digital, to do blockchain-based collateralized lending using real world asset (RWAs) tokens. Since going live in March, Libre has issued about $150 million of tokenized versions of Brevan Howard funds, … Read more
BlackRock’s spot bitcoin (BTC) exchange-traded fund (ETF), tickered IBIT on Nasdaq, dropped on Tuesday as the overheated crypto market cooled and unfounded concern that bitcoin’s security might be compromised by quantum computing percolated across social media. IBIT’s price fell 5.3% to $54.73, the biggest single-day drop since early August, according to data source Investing.com. The … Read more
Google’s new quantum computing chip could mean bitcoin (BTC) is finished. That was the sentiment for some on Monday as the internet giant unveiled Willow, a quantum supercomputer that can perform certain computational tasks in just five minutes that would take classical supercomputers an astronomical amount of time—specifically, 10 septillion years (or one followed by … Read more
The European Union’s wide-ranging regulatory regime for cryptocurrency firms, the Markets in Crypto Assets (MiCA), is set to take effect at year-end, but, with just three weeks to go, almost a quarter of the 27 countries that constitute the bloc aren’t ready. For the regulation to apply in the country, EU members have to align … Read more
Ethereum’s place near the top of the crypto market is unquestioned from the perspective of market cap. But beneath the surface – at the product, developer and decision-making levels – the original smart contracts platform continues to take a beating from Solana, one of its closest competitors. The threat may not yet be existential. Ethereum … Read more
A slow bleed in crypto since late in the weekend accelerated into the early evening U.S. hours on Monday, leaving nearly the entirety of the sector sharply lower. With prices in quick retreat, bitcoin (BTC) at press time had fallen back to just above $95,000, down about 5% over the past 24 hours. Ether (ETH) … Read more
U.S. Securities and Exchange Commission member Caroline Crenshaw is “even more extreme” than Chair Gary Gensler, according to a digital advertising campaign now being launched by Cedar Innovation Foundation — a dark-money group funded by unnamed crypto interests. Commissioner Crenshaw, who is set to be the lone Democrat atop the SEC when Republicans take over … Read more