Coinbase’s Project Diamond has adopted the Chainlink Standard to drive institutional adoption of digital assets, according to a Dec. 10 statement shared with CryptoSlate. Project Diamond, managed by Coinbase Asset Management, focuses on serving institutional users outside the US. It leverages a comprehensive infrastructure that includes Coinbase Prime custody, the Prime Onchain Wallet, the Project […]
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The announcement’s timing is noteworthy, with the 2024 US presidential race having finished a month prior.
Microsoft shareholders voted against the proposal to add Bitcoin (BTC) to its treasury in a preliminary vote conducted during the firm’s annual meeting. The proposal, introduced by the think tank and shareholder National Center for Public Policy Research (NCPPR), involved Microsoft considering allocating 1% of its treasury to BTC, which is roughly $800 million per […]
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The crypto market is poised for a transformative year in 2025, with Bitcoin (BTC) projected to break $200,000, according to a recent Bitwise report. The report — titled The Year Ahead: 10 Crypto Predictions for 2025 — highlights the factors driving the industry’s growth, including new regulatory clarity, institutional adoption, and technological innovation, which together […]
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Goldman Sachs CEO David Solomon said the firm might explore becoming a spot market maker spot market for Bitcoin (BTC) and Ethereum (ETH) if the regulatory environment in the US undergoes significant changes. Speaking at the Reuters Next event in New York, Solomon acknowledged that Goldman Sachs is currently unable to hold crypto due to […]
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The company’s board opposed the resolution, citing Bitcoin’s purported volatility as a negative factor.
Tether’s USDT stablecoin has been approved as an Accepted Virtual Asset (AVA) by the Abu Dhabi Global Market (ADGM), according to a Dec. 10 statement. The landmark decision, granted by the Financial Services Regulatory Authority (FSRA), allows licensed entities within the jurisdiction to offer services involving USDT under ADGM’s regulatory framework. The approval marks a […]
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Anthony Scaramucci has projected China’s return to Bitcoin mining and integrating Bitcoin into its reserve assets, making this claim during remarks delivered at the Bitcoin MENA 2024 conference. He suggested that with the United States now signaling a more open stance toward Bitcoin, it would be increasingly difficult for other nations to remain on the […]
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A global survey by Consensys and YouGov shows that crypto adoption and understanding continue to grow worldwide following this year’s historic market performance, according to a Dec. 10 report shared with CryptoSlate. According to the report, global awareness of cryptocurrencies has reached 93%, with over half of respondents claiming to understand the technology. Younger men, […]
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Eric Trump predicted governments and institutions will adopt Bitcoin, highlighting that the early movers are set to win.
Stablecoin issuer Tether reported 109 million on-chain wallets holding USDT at the start of the fourth quarter, according to a Dec. 9 report. The growth positions USDT as one of the most utilized digital assets, with its wallet numbers approaching Ethereum levels and far surpassing those of Bitcoin. The report also highlighted USDT’s integration within […]
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A member of Russia’s State Duma has proposed the creation of a national Bitcoin (BTC) reserve, positioning the crypto as a tool to counter economic sanctions and ensure financial stability, local media reported on Dec. 9. The proposal, introduced by Anton Tkachev of the Novye Lyudi party, reflects a growing interest in leveraging digital assets […]
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The rebranded Enron Corporation revealed Connor Gaydos as its new CEO and announced a January summit where it plans to release a transformative new technology that will “truly change the world forever.” The firm made the revelations in a promotional video released on Dec. 9 featuring Gaydos, who is widely recognized for his involvement in the […]
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Jetking Infotrain became India’s first publicly traded company to adopt Bitcoin (BTC) as a reserve asset for its treasury after purchasing 12 BTC on Dec. 9, according to the firm’s CEO Avinash Bharwani. The company’s Bitcoin reserve is worth roughly $1.2 million, at $97,986.35 per BTC as of press time. According to Google Finance data, […]
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El Salvador reportedly expects to finalize a $1.3 billion IMF loan agreement in the coming weeks, adjusting its legal treatment of Bitcoin and aligning fiscal policies to secure international financing. According to the Financial Times, an IMF mission is in San Salvador to negotiate terms that would likely remove the requirement for businesses to accept […]
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1971 Capital chief investment officer Brian Russ says Ethereum is undervalued and that Bitcoin, gold and silver are in a long bull market.
A group of Amazon shareholders has urged the company to diversify its treasury holdings by allocating at least 5% of its assets to Bitcoin. The proposal, submitted by the National Center for Public Policy Research (NCPPR), seeks to encourage Amazon to adopt Bitcoin as a financial hedge and value driver. Why Bitcoin makes sense for […]
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The following is a guest article from Jesse Knutson, Head of Operations at Bitfinex Securities. Donald Trump’s re-election victory and the massive success of the Bitcoin ETFs earlier in the year have been major catalysts behind Bitcoin’s ascent towards $100,000. Gains over the last few weeks have been driven by the anticipation of Trump 2.0 […]
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DeFi lending on Bitcoin-based Liquidium reached a four-month high of 21 BTC on Dec. 5, following the top asset climb to a new all-time high above $100,000. Onchain data reveals that loans against Runes accounted for 57% of Liquidium’s daily volume, contributing 12 BTC, while Ordinals accounted for the remaining 43%, contributing 9 BTC. These […]
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Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “ Summers said he understands the concept of other commodities’ reserves, such as oil and gold, but argued: “Of all the prices to support, why would the government choose to […]
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The transformative influence of Bitcoin on the global economy.
XRP’s recent price surge has sparked growing interest from institutional players, with Worksport and The BC Bud Co. announcing plans to include the token in their treasury strategies. Traditionally, corporate crypto investments have centered on Bitcoin, a trend set by companies like MicroStrategy. However, XRP’s impressive 300% rally over the past month has propelled it […]
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Bitcoin has achieved an unprecedented milestone, surpassing the $100,000 mark for the first time in its history. Data from CryptoSlate showed that the top digital asset peaked at $103,465.81 on Dec. 5, showcasing its most remarkable performance since its inception. This surge propelled Bitcoin’s market capitalization beyond $2 trillion, marking a pivotal moment in its […]
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El Salvador’s president Nayib Bukele is celebrating the country’s success as its Bitcoin holdings surpass $300 million in unrealized profit. In a Dec. 5 post on X (formerly Twitter), Bukele shared a screenshot showing that the country’s Bitcoin holdings reached over $600 million. This spike came as Bitcoin’s price surged past $100,000, hitting an all-time […]
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Ripple has announced a delay in the launch of its RLUSD stablecoin due to regulatory issues with the New York State Department of Financial Services (NYDFS). In a Dec. 4 statement on X (formerly Twitter), the platform stated: “Despite some speculation, $RLUSD isn’t launching today. We’re in lockstep with the NYDFS on final approval and […]
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For the first time, Bitcoin has surpassed the $100,000 mark, pushing its market capitalization to $2 trillion. This milestone follows a series of new all-time highs over the past few weeks, fueled by market momentum after the U.S. presidential election. The election of Donald Trump, who has promised pro-cryptocurrency policies, contributed to Bitcoin’s surge. Since […]
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Ethiopia is emerging as a significant player in Bitcoin mining, with local operations now accounting for 2.5% of the global hash rate. On Dec. 4, local Bitcoin miner Kal Kassa stated: “Bitcoin miners in Ethiopia now command 2.5% of the global hash-rate. If trends continue, according to Ethiopian Electric Power (EEP), this will more than […]
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New York City Mayor Eric Adams slammed the criticism he faced after deciding to receive his first three paychecks in Bitcoin (BTC) and Ethereum (ETH) back in early 2022. He made the statement during a Dec. 3 press conference, saying: “Remember y’all laughed at me when I first got my Bitcoin. Who’s laughing now? Go […]
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Russian President Vladimir Putin said Bitcoin (BTC) and digital currencies are unstoppable, positioning them as key tools for reducing financial inefficiencies and enhancing economic stability. Putin made the statements at the Investment Forum in Moscow on Dec. 4, where he argued in favor of Bitcoin as a global reserve asset over the US dollar. He criticized […]
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There is a key disconnect between India’s top crypto adoption metrics and the lack of widespread cryptocurrency use.