Elon Musk recently discussed Bitcoin as a currency grounded in energy, emphasizing its tie to real-world energy expenditure and the difficulty of producing and harnessing energy. He highlighted Bitcoin's proof-of-work system, which requires substantial computational power and electricity to secure the network, and suggested that advancements in AI and robotics could make money obsolete.
Ripple has been granted approval by Singapore's Monetary Authority to expand payment activities through its subsidiary Ripple Markets APAC. This allows the company to offer regulated payment services using XRP and RLUSD stablecoin in Singapore. The move aims to enhance infrastructure for efficient cross-border transactions.
Vanguard is now allowing trading in crypto-focused ETFs and mutual funds, including Bitcoin, Ethereum, XRP, and Solana, after years of keeping digital assets off its platform. This change gives over 50 million brokerage customers access to regulated crypto products in the U.S. fund industry.
Bitcoin has seen a 7.4% increase in the last week, with predictors leaning bullish on a potential pump to $100,000. Myriad's market focuses on Bitcoin's next move, with odds shifting in favor of a December rate cut.
BitMine Immersion Technologies, CleanSpark, and Riot Platforms have seen positive stock performance, with BitMine's shares up 4.47% today and over 27% in the last 5 days. CleanSpark and Riot Platforms have also experienced significant gains, despite some monthly losses.
A Chrome extension named Crypto Copilot has been secretly adding hidden fees to Solana swaps, siphoning off a minimum of 0.0013 SOL or 0.05% of the trade amount to an attacker-controlled wallet. The extension, available on the Chrome Web Store, has been flagged for its deceptive behavior.
Nobel Prize-winning economist Paul Krugman attributes Bitcoin's recent price decline to President Trump's diminishing power and popularity, impacting the cryptocurrency market. Krugman argues that Trump's ties to the crypto industry and pro-crypto policies have influenced Bitcoin's performance as a "Trump trade."
Nobel Prize-winning economist Paul Krugman attributes Bitcoin's recent price decline to President Trump's diminishing power and popularity, impacting the cryptocurrency market. Krugman argues that Trump's ties to the crypto industry and pro-crypto policies have influenced Bitcoin's performance as a "Trump trade."
Bitcoin reached a record high of $126,080 in October but is now priced nearly 29% lower. Analysts attribute the dip to decreased institutional interest, uncertain Federal Reserve policy, and waning liquidity. Despite recent gains in Ethereum, Solana, XRP, and Dogecoin, the market remains volatile.
Polymarket faced backlash for a racist post targeting users in India, Turkey, and Nigeria, using the ethnic slur "jeet" and threatening to remove badges from accounts. The post, which has since been deleted, sparked criticism from top traders and affiliates.
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