Crypto Account Manager

PRESS RELEASE. As 2024 comes to a close, Tracy Jin, Vice President of MEXC, reflects on the year’s challenges and achievements. For the year, MEXC and its global community have experienced rapid growth, along with significant advancements in product innovation, security, and global expansion. Below are some of the key milestones that MEXC achieved in […] source https://news.bitcoin.com/mexc-in-2024-30-million-users-2376-new-listings-and-record-breaking-futures-growth/

With bitcoin (BTC) cruising past the $100,000 mark and the crypto economy swelling dramatically in value this year, multiple sectors saw significant expansion. Stablecoins, a major player in the digital asset realm, now exceed $200 billion in total valuation, reflecting a $73 billion increase in this subset of fiat-pegged cryptocurrencies. Stablecoins Flourish While Rankings Shift […] source https://news.bitcoin.com/2024-fiat-pegged-economy-swells-stablecoins-reach-200b-tethers-market-soars-50-new-players-emerge/

Ethereum ETFs closed the week strong with inflows above $300 million while bitcoin ETFs saw outflows of close to $400 million. Last Week of 2024 Sees Outflows for Bitcoin ETFs and Inflows for Ethereum ETFs Bitcoin and ethereum exchange-traded funds (ETFs) experienced mixed fortunes in the final week of 2024. According to Sosovalue‘s weekly inflow/outflow […] source https://news.bitcoin.com/weekly-inflows-and-outflows-show-contrasting-fortunes-for-btc-and-eth-etfs/

Microstrategy may have scooped up 2,138 BTC recently, but its stock price has been anything but steady. The company’s shares are now trading more than 36% below their record high. Microstrategy Doubles Down on Bitcoin, but Can It Weather a 36% Stock Drop? Since adopting its bitcoin (BTC) strategy in 2020, Microstrategy, led by founder […] source https://news.bitcoin.com/microstrategys-crypto-fortune-grows-yet-stock-plummets-36-from-all-time-high/

Blockchain sleuths have flagged a notable acquisition: on Dec. 30, 2024, a bitcoin address believed to be linked to stablecoin issuer Tether added 8,404.48 BTC to its reserves, valued at a cool $772 million. Blockchain Detectives Spot $772M Bitcoin Transfer to Tether Tether, known for issuing the largest stablecoin by market cap, now holds a […] source https://news.bitcoin.com/numerology-combined-with-strategy-tethers-bitcoin-holdings-soar-past-83000-btc/

During the opening week of the year, the Kheavyhash algorithm—used for mining kaspa (KAS)—topped the profitability charts among proof-of-work (PoW) algorithms. Fast forward to today, and Scrypt has claimed the crown as the most lucrative choice for miners, particularly those extracting dogecoin (DOGE) and litecoin (LTC). Mining Algorithms Push Limits in a Historic Year As […] source https://news.bitcoin.com/todays-pow-mining-marvels-scrypt-takes-the-throne-as-2024s-top-algorithm/

Sunday has been a rollercoaster for bitcoin prices, with the top crypto asset dipping to a low of $92,941 per coin. The whole crypto market took a hit, dropping by 1.61%, while BTC itself lost 1.42% in the last 24 hours. Cryptoquant Data Shows Bitcoin’s Sell-Side Liquidity Plunged to 6.6 Months Bitcoin hit a low […] source https://news.bitcoin.com/bitcoin-slides-below-93000-amid-lukewarm-us-interest-during-the-holidays/

As 2024 comes to a close, everyone’s filled with anticipation for what 2025 has in store, along with all the thrilling events on the horizon. This excitement has sparked a flurry of speculative betting on platforms like Kalshi and Polymarket, where prediction markets are all the rage. Here’s the lowdown on these crypto-infused betting scenes […] source https://news.bitcoin.com/high-stakes-wagers-for-2025-a-dogecoin-etf-fed-rate-cuts-super-bowl-glory-and-more-on-the-line/

Though the month isn’t quite over yet, bitcoin miners have already outperformed their November earnings, amassing $1.33 billion in December with two days still on the clock. Bitcoin Ends the Year With Record Hashrate and Higher Revenue This uptick in revenue has been fueled by stronger bitcoin prices, but there’s a twist. The hashprice, which […] source https://news.bitcoin.com/bitcoin-mining-revenue-outpaces-november-and-december-isnt-over-yet/

Over the past year, our newsroom has put several generative AI chatbots to the test, asking them to forecast everything from the U.S. election to the prices of gold, silver, ethereum, and, naturally, bitcoin. This time, we decided to spice things up: we challenged nine AI chatbots to predict bitcoin’s price on Feb. 15, 2025, […] source https://news.bitcoin.com/200k-bitcoin-9-ai-chatbots-predict-explosive-growth-if-the-us-embraces-strategic-reserves/

Bitwise, one of the largest asset managers in the U.S., has filed for clearance to launch an ETF tracking the performance of companies holding bitcoin as a reserve asset. The instrument, called Bitwise Bitcoin Standard Corporations ETF, would own stocks of companies having more than 1,000 BTC. Bitwise Files Bitcoin Standard ETF Prospectus Bitwise, one […] source https://news.bitcoin.com/bitwise-pursues-approval-for-groundbreaking-bitcoin-standard-corporations-etf/

Since Donald Trump was elected the 47th President of the United States, bitcoin advocates have faced skepticism about whether his administration and the forthcoming Congress would introduce a strategic bitcoin reserve. Cryptoquant CEO: ‘Bitcoin Standard’ Needs U.S. Economic Decline to Gain Traction Ki Young Ju, CEO of Cryptoquant, took to social media to voice his […] source https://news.bitcoin.com/cryptoquant-ceo-us-strategic-bitcoin-reserve-adoption-unlikely-amid-economic-strength/

China and Nigeria have renewed a $2 billion currency swap arrangement for another three years. Trump Tariff Threat China and Nigeria have agreed to renew a $2 billion currency swap arrangement, initially signed in 2018. The arrangement reportedly aims to strengthen financial cooperation between the two countries and expand the use of their respective currencies. […] source https://news.bitcoin.com/trumps-dedollarization-warning-falls-flat-as-nigeria-china-renew-2-billion-currency-swap-deal/

Metamask, a prominent Web3 wallet, has launched its Gas Station feature, which aims to alleviate users’ challenges with transaction fees on the Ethereum mainnet. Web3 Wallet Metamask Tackles Gas Fee Challenges The new feature, integrated into Metamask’s Smart Transactions with Swaps, provides gas-included transaction quotes. This enhancement addresses a common hurdle for users who run […] source https://news.bitcoin.com/metamask-rolls-out-gas-station-feature-aimed-at-enhancing-defi-transactions/

Bitcoin, clocking in at $94,504 with a market cap of $1.87 trillion, witnessed a 24-hour trading session of around $53 billion, bouncing between $93,368 and $97,133 over the past day. Bitcoin The one-hour chart showed bitcoin taking a nosedive from its recent peak near $98,000, with hefty sell-offs pushing it toward the safety net at […] source https://news.bitcoin.com/bitcoin-technical-analysis-bears-tighten-grip-as-price-flirts-with-93000-support/

The U.S. Treasury’s sweeping IRS rule forces crypto platforms to track and report all transactions, igniting fierce industry backlash and looming legal battles over its survival. US Treasury Expands IRS Reach – Crypto Industry Faces Full Reporting Rule The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have finalized sweeping new regulations […] source https://news.bitcoin.com/bidens-new-crypto-rule-shakes-entire-industry-full-irs-oversight-incoming/

Montenegro has greenlit the extradition of Terraform Labs co-founder Do Kwon to the United States, possibly settling a tug-of-war between the U.S. and South Korea, according to Bloomberg. Do Kwon’s U.S. Extradition Approved Amid Fraud Charges Montenegro’s Justice Ministry made the announcement, highlighting that “most criteria envisaged by the law are in favor of the […] source https://news.bitcoin.com/report-montenegro-agrees-to-extradite-terraform-labs-do-kwon-to-the-us/

On Monday, the Legislative Assembly of El Salvador approved a new metallic mining law, opening the door for gold exploitation in the country. The change, previously hinted at by President Nayib Bukele, was met with criticism from environmental activists, who believe this will negatively affect the country. With New Mining Law, El Salvador Stakes Claim […] source https://news.bitcoin.com/new-mining-legislation-in-el-salvador-paves-way-for-gold-exploitation/

Cryptocurrency exchange Bitget has announced plans to consolidate its two native tokens, Bitget Token (BGB) and Bitget Wallet Token (BWB), into a single utility token, BGB. The transition, effective Dec. 27, aims to create a unified onchain and off-chain ecosystem. Bitget Merges Tokens BGB and BWB Bitget, ranked among the top three globally in trading […] source https://news.bitcoin.com/token-merger-bitget-unifies-bgb-and-bwb-for-ecosystem-growth/

Russia recently enacted a ban on crypto mining operations in 10 regions until 2031, citing high energy consumption issues as the cause. Deputy Prime Minister Alexander Novak stated that this list might expand. Russia Issues Crypto Mining Restrictions in 10 Regions The future of cryptocurrency mining in Russia is in jeopardy. The Russian cabinet recently […] source https://news.bitcoin.com/russia-enacts-ban-on-crypto-mining-operations-in-10-regions-hints-at-expansion/

The Hashgraph Group has obtained a fund management license from the Abu Dhabi Global Market (ADGM) enabling it to launch a $100 million Web3 venture fund. Venture Fund to Back Hedera Network Innovators The Swiss-based Hashgraph Group has secured a fund management license from the Abu Dhabi Global Market (ADGM) in the United Arab Emirates. […] source https://news.bitcoin.com/swiss-based-hashgraph-group-secures-license-to-launch-100m-web3-fund/

Actorforth.org has launched a Flipstarter campaign to raise 30 bitcoin cash (BCH) to keep its rest.bch.actorforth.org API service operational. Actorforth Launches Campaign to Prevent BCH API Shutdown According to the Flipstarter fundraising proposal, the API, which has supported the bitcoin cash (BCH) community since 2021, faces closure on Dec. 31, 2024, without additional funding. The […] source https://news.bitcoin.com/community-fundraising-effort-launched-to-secure-bitcoin-cash-api-service/

New meme coin index project Meme Index ($MEMEX) has launched its highly anticipated ICO, raising over $410,000 within the first few days. 2024 has been a strong year for meme coins – reaching a collective market cap of $137 billion, a 58% increase from $86.5 billion in 2023. Unlike utility tokens or DeFi projects, meme […] source https://news.bitcoin.com/meme-index-memex-launches-ico-for-first-decentralized-meme-coin-index/

On Christmas Eve, the 12 spot bitcoin exchange-traded funds (ETFs) experienced outflows totaling $338.38 million, while the nine spot ether ETFs enjoyed inflows of $53.54 million. Bitcoin ETFs Falter as Ether ETFs Rally in Market Tug-of-War Tuesday marked the fourth consecutive day of losses for the spot bitcoin ETFs, with $338.38 million leaving the sector. […] source https://news.bitcoin.com/crypto-shake-up-bitcoin-etfs-plummet-as-ether-funds-surge-ahead/

The crypto market has been indecisive over the past few days, but a few altcoins are now making moves. HBAR and AAVE are rallying, posting double-digit gains that have caught everyone’s attention. This has traders wondering which coin could be next to take off. Another coin generating a lot of excitement is Flockerz – which […] source https://news.bitcoin.com/hbar-and-aave-lead-top-altcoin-gainers-vote-to-earn-crypto-flockerz-could-rally-next/

Data reveals that Bitcoin’s total circulating supply has surpassed the 19.8 million mark, a notable milestone as the cryptocurrency edges closer to its maximum supply cap of 21 million. 19.8 Million Bitcoin Mined, Less Than 1.2 Million Left Bitcoin’s supply mechanism has always been one of its defining features, with its capped issuance ensuring scarcity. […] source https://news.bitcoin.com/bitcoin-supply-reaches-19-8-million-mark-nearing-maximum-limit/

In 2024, the memecoin market experienced significant growth, with a variety of emerging projects capturing widespread attention. As a leading crypto exchange platform, MEXC has continued to provide users around the world with secure and easy access to digital asset trading. This year, MEXC has not only become the platform of choice for many memecoin […] source https://news.bitcoin.com/mexc-research-top-10-memecoins-to-watch-in-2024/

Senator Ted Cruz, a staunch champion for crypto reaffirmed his support for bitcoin while speaking at the Turning Point Americafest Conference. In his words, “We are going to unleash crypto. I am proud to stand with bitcoin. I am the only member of the U.S. Senate who is a bitcoin miner. I’ve got three miners […] source https://news.bitcoin.com/i-am-proud-to-stand-with-bitcoin-senator-ted-cruz/

Bitcoin (BTC) is fluctuating wildly between $92,500 to $94,000 range over the few hours, touching $92,800 earlier this morning, ahead of the largest bitcoin options expiry in history. Scheduled for this Friday, $14 billion in bitcoin options open interest (OI) is set to expire. $14 Billion BTC Options Expiry Looms: A Game-Changer for 2024? In […] source https://news.bitcoin.com/max-pain-largest-bitcoin-options-expiry-in-history-to-conclude-a-volatile-year/

Over the past month, the stablecoin market has swelled over $200 billion, and two fiat-backed tokens have experienced eye-catching expansions. Ethena’s yield-generating stablecoin, USDE, has grown rapidly, now approaching 6 billion in supply. Meanwhile, Usual’s USD0 supply has crossed the 1 billion threshold. Ethena’s USDE and Usual’s USD0 Shake Up a $204B Stablecoin Market December […] source https://news.bitcoin.com/stablecoin-frenzy-usde-nears-6b-as-usd0-rockets-past-1b-in-market-supply/

PRESS RELEASE. Innovation and momentum are the cornerstones of Lightchain AI’s groundbreaking rise in the cryptocurrency ecosystem. Just 72 hours—that’s all it took for Lightchain AI to raise a staggering $1.1 million in its Stage 7 presale. Now, the project is blazing forward in Stage 8, having secured a total of $3,723,001.397 and counting at […] source https://news.bitcoin.com/lightchain-ai-zooms-past-presale-stage-7-raising-1-1m-in-72-hours/

If the United States boldly leaps into action with a strategic bitcoin reserve under the Trump administration, this daring move could spark a worldwide financial upheaval, crowning bitcoin proponents as the ultimate guardians of freedom in a crumbling fiat realm. Here’s a theoretical tale on how this strategic bitcoin stash and the rise of bitcoin’s […] source https://news.bitcoin.com/a-theoretical-look-at-what-could-happen-if-trump-creates-a-us-bitcoin-reserve/

The United Arab Emirates’ Interior Ministry has signed a memorandum of understanding with the Financial Services Regulatory Authority to combat virtual assets-related crime. Strengthening Risk Mitigation Frameworks The United Arab Emirates (UAE)’s Interior Ministry has signed a memorandum of understanding with the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to […] source https://news.bitcoin.com/uae-interior-ministry-and-fsra-partner-to-combat-virtual-assets-related-crime/

Halliburton, the world’s second-biggest oilfield services firm, has taken a step into the bitcoin (BTC) mining space by investing in Austin-based startup 360 Energy. The move, made through Halliburton Labs, was highlighted in a report from Blockspace Media. Transforming Stranded Gas into Blockchain Power 360 Energy, also known as 360 Mining, has joined Halliburton Labs’ […] source https://news.bitcoin.com/from-oilfields-to-crypto-fields-halliburton-invests-in-bitcoin-mining-startup/

Over the past week, bitcoin has dipped 4.18%, while ethereum has tumbled over 13% against the U.S. dollar. To make matters worse, a bunch of other digital currencies have taken an even bigger beating, with some plummeting by 20% or more. A Week of Double-Digit Losses for Most On Saturday, Dec. 21, 2024, the crypto […] source https://news.bitcoin.com/market-madness-bitcoin-dips-most-meme-coins-tank-but-fartcoin-moonshots/

This weekend, data confirms that more than 4.5 million ether (ETH) have been burned on the Ethereum network since Aug. 5, 2021, marking the implementation of Ethereum Improvement Proposal (EIP)-1559. The Great Ethereum Burn Approximately three years and four months have passed since the London hard fork was activated, and during that time, 4,523,479.74 ETH […] source https://news.bitcoin.com/ethereums-15-3b-burn-bonfire-over-4-5m-eth-destroyed-since-eip-1559-activation/

The 12 U.S. spot bitcoin ETFs recorded $680 million in outflows with the broader crypto market continuing to face a downturn. Biggest Outflow Day for Bitcoin ETFs The broader crypto market downturn finally caught up with exchange-traded funds (ETFs) with U.S. spot bitcoin ETFs registering a total net outflow of $680 million on Dec. 19. […] source https://news.bitcoin.com/bitcoin-etfs-experience-record-680-million-single-day-outflow/

On Friday afternoon, crypto markets appeared to catch their breath, though traders remained on edge, bracing for bitcoin’s next twist. At press time, BTC was trading at $96,800 to $97,150 per coin, while the broader crypto economy stood at $3.34 trillion—down 2.7% after some recovery. Bears Take a Breather Despite recent turbulence, the crypto market […] source https://news.bitcoin.com/bitcoin-balances-on-a-razors-edge-is-a-breakout-or-breakdown-looming/

Bitcoin’s supply dynamics are shifting dramatically, with demand surging and available sell-side inventory shrinking to its lowest levels in over four years, according to research from Cryptoquant and its analysts. Bitcoin Market Faces Supply Shock as Sell-Side Liquidity Hits Four-Year Low This evolving landscape suggests a tightening market that could have long-term implications for crypto […] source https://news.bitcoin.com/bitcoin-supply-shock-cryptoquant-report-highlights-shrinking-sell-side-liquidity/

Interestingly, Haliey Welch was not listed as a defendant in the lawsuit and her most recent response may explain why. HAWK Memecoin Investors File Suit Disgruntled investors will finally have their day in court after buying the HAWK memecoin on December 4, only to see it implode and lose more than 90% of its value […] source https://news.bitcoin.com/hawk-tuah-crypto-project-sued-over-memecoin-welch-responds/

Secret Network has announced the launch of Claive AI, a decentralized platform that aims to provide secure and confidential artificial intelligence (AI) services for enterprise users. Claive AI Combines Blockchain and Confidential Computing According to the announcement shared with Bitcoin.com News, the platform leverages Secret Network’s privacy-preserving blockchain technology, focusing on secure and confidential AI […] source https://news.bitcoin.com/secret-network-launches-claive-ai-with-privacy-at-its-core/

The Metamask card allows crypto holders to make everyday purchases with crypto directly from the Metamask wallet. Metamask Card Launches in the U.S. Metamask, one of the popular crypto wallets has announced the kickoff of its limited pilot program for the Metamask card in the U.S. The Metamask card allows crypto users to spend cryptocurrency […] source https://news.bitcoin.com/metamask-launches-pilot-program-for-metamask-card-in-the-united-states/

The draft executive order by the Bitcoin Policy Institute seeks to extend the conversations regarding the U.S. establishing a strategic bitcoin reserve. Establishing Bitcoin as a National Asset for Americans The Bitcoin Policy Institute has drafted an executive order for President Trump‘s consideration aimed at establishing a strategic bitcoin reserve. The draft executive order seeks […] source https://news.bitcoin.com/bitcoin-policy-institute-drafts-executive-order-for-us-strategic-bitcoin-reserve/

PRESS RELEASE. December 18, 2024 – Roam, the leader of decentralized global open wireless network, announced a major milestone today: the Roam Network has surpassed 1 million active WiFi nodes, supported by over 1.7 million registered users across 190+ countries and regions. This achievement highlights Roam’s continued success in delivering innovative solutions to create a […] source https://news.bitcoin.com/roam-surpasses-one-million-wifi-nodes-and-unveils-2025-roadmap/

According to a report from Blockspace Media, there’s a new entity on the block that has quietly climbed to become the third-largest publicly listed mining firm in terms of hashrate. Stealth Hashrate: Cango’s Surprising Crypto Pivot There’s a publicly listed Chinese car company called Cango that has shifted gears from automotive financing and car trading […] source https://news.bitcoin.com/from-chinese-car-firm-to-crypto-cango-quietly-becomes-a-bitcoin-mining-giant/

PRESS RELEASE. Shieldeum, a leader in decentralized infrastructure, has just revealed its exciting roadmap for 2025, outlining a bold vision for the future. The company is gearing up to roll out a series of game-changing product releases throughout the year, each designed to push the boundaries of what’s possible in the Web3 industry. With these […] source https://news.bitcoin.com/shieldeum-unveils-its-ambitious-roadmap-for-2025/

XRP is buzzing at $2.62, boasting a market cap of $147 billion, a trading volume of $18.35 billion, and an intraday price range from $2.37 to $2.71. XRP The 1-hour chart shows a thrilling spike to $2.72, followed by a dip with lots of trading action. Support is clinging around $2.55 to $2.60, while resistance […] source https://news.bitcoin.com/xrp-market-update-price-holds-at-2-60-as-bulls-eye-breakout-to-3/

The Stanford Blockchain Club, a prominent group at Stanford University, has voiced significant worries about the U.S. government’s legal pursuit of Tornado Cash developers, Roman Storm and Roman Semenov, using old-school federal money transmission laws. Legal Overreach? Stanford Group Critiques Tornado Cash Indictments In their in-depth analysis, “Tornado Cash and the Boundaries of Money Transmission,” […] source https://news.bitcoin.com/stanford-blockchain-club-challenges-dojs-tornado-cash-case/

Ethena Labs has introduced USDtb, a stablecoin that’s got the backing of Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL). Ethena Unveils USDtb, a New Stablecoin With Blackrock Support Crafted in collaboration with Securitize, a top dog in real-world asset (RWA) tokenization, USDtb brings cash-backed steadiness and the magic of cross-chain operations to the table. This […] source https://news.bitcoin.com/ethena-labs-launches-stablecoin-backed-by-blackrocks-buidl-fund/

On Dec. 16, just one day after bitcoin hit its peak price of $106,533 per coin, the top crypto asset is now cruising at $106,300 per unit. With BTC’s value sky-high, Satoshi Nakamoto, Bitcoin’s mastermind, has joined the elite club of centi-billionaires, rubbing shoulders with the planet’s 20 richest folks. Centi-Billionaire Satoshi Nakamoto: The Silent […] source https://news.bitcoin.com/from-crypto-genius-to-centi-billionaire-satoshi-nakamotos-wealth-soars/