Day: December 3, 2024

Bitcoin Exchange Reserves Hit Multi-Year Lows

Bitcoin exchange reserves have fallen to their lowest levels in years, signaling a growing preference among investors to hold the cryptocurrency for the long term. Data from CryptoQuant reveals that over 171,000 Bitcoin have been withdrawn from major exchanges since Donald Trump’s U.S. presidential election win on November 5. This trend reduces Bitcoin’s liquid supply […]

Crypto Adoption Booms in Bolivia

Bolivia, one of Latin America’s smaller economies, is witnessing a significant surge in cryptocurrency adoption. The Central Bank of Bolivia reported a 112% increase in digital asset purchase and sale operations following the lifting of a blanket ban that previously prohibited banks and payment institutions from facilitating crypto transactions. In a press release dated November […]

Pantera Bets Big on Toncoin

Pantera Capital, one of the largest hedge funds and venture capital firms in crypto, has raised $20 million to invest in Toncoin, the native cryptocurrency of the Telegram-linked TON blockchain. According to documents filed Monday with the U.S. Securities and Exchange Commission (SEC), the firm attracted funds from at least 29 investors across two separate […]

Bitcoin Plunges Amid South Korea’s Martial Law

Bitcoin experienced a sharp decline on Upbit, South Korea’s largest cryptocurrency exchange, on Tuesday as President Yoon Suk Yeol declared martial law in response to what he described as “anti-state behavior” by the country’s main opposition party. The announcement, made during a late-night televised address, led to heightened market volatility and disruptions across South Korea’s […]

Coinbase CEO Cuts Ties Over SEC Hiring

Coinbase CEO Brian Armstrong has made a bold move, announcing that the cryptocurrency exchange has cut ties with law firms employing former U.S. Securities and Exchange Commission (SEC) officials. Armstrong accuses these individuals of orchestrating a campaign to “unlawfully kill” the crypto industry. In a statement on X (formerly Twitter) on Monday, Armstrong clarified Coinbase’s […]