Day: November 7, 2024

Bitcoin Holds Strong at $75K After All-Time High

Bitcoin’s record-setting rally has steadied, with the cryptocurrency currently trading around $75,400. This price follows a new all-time high of over $76,000 set yesterday, marking Bitcoin’s latest in a series of high gains over the past weeks. According to CoinGecko data, Bitcoin’s price increased by 1.4% over the past 24 hours, with more than $128 […]

Magic Labs and Polygon Launch Newton to Unify Liquidity

In a bid to streamline liquidity across Ethereum-compatible networks, Magic Labs and Polygon Labs have teamed up to introduce Newton. A “chain unification network” designed to operate with a single wallet and balance across chains. Newton is set to enhance interoperability across Polygon’s AggLayer by connecting layer-1 and layer-2 chains into a unified liquidity network. […]

Bitcoin Traders Eye Fed Rate Decision Amid Trump’s Policies

Bitcoin (BTC) traders are closely watching the Federal Reserve’s rate decision on Thursday, but it’s Fed Chair Jerome Powell’s commentary that could sway markets more than the expected 25 basis-point rate cut. With President-elect Donald Trump’s plans for fiscal expansion, tax cuts, and import tariffs, traders are keen to assess the Fed’s outlook on inflation […]

France Set to Block Blockchain Prediction Platform Polymarket

France’s National Gaming Authority (ANJ) is considering blocking access to Polymarket, the blockchain-based prediction market that recently facilitated over $3.5 billion in trading volume during the U.S. presidential election. The regulator is currently investigating the platform’s compliance with French gambling laws, according to local news outlet The Big Whale. The scrutiny follows massive election-related bets […]

SEC Moves to Dismiss Key Kraken Defenses in Legal Battle

The U.S. Securities and Exchange Commission (SEC) has filed a motion in the Northern District Court of California to dismiss critical defenses raised by cryptocurrency exchange Kraken in their ongoing legal dispute. The motion, submitted on Election Day, seeks to counter Kraken’s arguments that the SEC’s actions constitute regulatory overreach and violate due process. According […]

Solana Surges on Trump Win, Eyes ETF Potential

Solana (SOL) surged to $188 on Wednesday, reaching its highest price in six months after Donald Trump’s recent election victory spurred optimism across the crypto market. The 3.4% increase in Solana’s price over the past 24 hours pushed its market cap to over $88 billion, overtaking BNB to become the fourth-largest cryptocurrency, according to CoinGecko. […]