Key points: Bitcoin falls with stocks and gold on stronger-than-expected US jobs data. The US dollar index reaches its highest levels in three weeks as jobless claims come in below expectations. $110,000 is an increasingly “likely” BTC price target next. Bitcoin (BTC) looked “likely” to revisit $110,000 on Thursday as macro and geopolitical factors fueled…
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SharpLink Gaming, one of the world’s biggest public holders of Ether, announced plans to tokenize its common stock on the Ethereum blockchain. SharpLink has partnered with the financial technology firm Superstate to tokenize its Nasdaq-listed stock SBET through Superstate’s Open Bell tokenization platform, the company said Thursday. “Tokenizing SharpLink’s equity directly on Ethereum is far…
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Ohio has become the latest US state to move toward allowing cryptocurrency payments for government services after the State Board of Deposit unanimously approved its first vendor to process digital asset transactions, according to a Wednesday announcement from the Ohio secretary of state. The move makes Ohio the fourth state to authorize cryptocurrencies for fees,…
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Opinion by: Daniil and David Liberman, creators of Gonka Bitcoin taught us something important about building infrastructure: When you reward efficiency, you get incredible innovation. Fifteen years ago, Bitcoin mining ran on the same graphics cards gamers use. The network was slow, and the hashrate was low. But Bitcoin’s proof-of-work (PoW) system rewards miners who…
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Key takeaways: The slowdown in spot Bitcoin ETF flows signals weak institutional demand, hinting at a cooling bullish sentiment $108,000 is a short-term target for the bears, with some BTC analysts predicting a drop to $90,000. Bitcoin (BTC) sellers emerged again on Thursday as the drop to $111,000 sparked fears that a further correction toward…
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Key takeaways: Coffee shops, fast-food chains like Starbucks and Sheetz and retailers like Microsoft and Home Depot are accepting crypto payments via apps and third-party processors. More and more platforms are gradually enabling the use of Bitcoin, Ether and XRP for large-scale travel and airline reservations. Luxury brands, high-end car dealerships and real estate developers…
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Curve’s decentralized autonomous organization (DAO) approved a proposal to provide Yield Basis, a new protocol developed by Curve founder Michael Egorov, with a $60 million credit line in crvUSD stablecoin ahead of its mainnet launch. The vote cleared the way for Yield Basis to introduce Bitcoin-focused liquidity pools designed to eliminate impermanent loss — when…
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Key points: Bitcoin and altcoins are lagging gold and stocks when it comes to new all-time highs. Research suggests that liquidity patterns are partly to blame as traders withdraw stablecoins. History shows that traditional risk assets need to “cool” before crypto surges. Bitcoin (BTC) is dropping as crypto markets fail to copy gold and stocks…
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A group of major European banks has joined forces to launch a euro-pegged stablecoin in compliance with Europe’s Markets in Crypto-Assets (MiCA) framework. Dutch lender ING and Italy’s UniCredit are among nine banks participating in the development of a euro-denominated stablecoin, according to a joint statement published by ING on Thursday. Built in compliance with…
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Stablecoin payments firm RedotPay said it joined the ranks of fintech unicorns after securing a $47 million strategic investment round. The raise saw participation from Coinbase Ventures, with continued backing from Galaxy Ventures and Vertex Ventures, and support from a global tech entrepreneur whose identity was not disclosed, according to an announcement shared with Cointelegraph.…
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