On Jan. 9, 2024, discussions have been buzzing within the crypto community regarding the potential sale of $ 6.49 billion worth of bitcoin (BTC) by the U.S. Department of Justice (DOJ). This speculation arises from a court ruling issued on Dec. 30, in which U.S. Chief District Judge Richard Seeborg sanctioned the forfeiture of …
As reported by The Information, E-Trade, the online trading arm of Morgan Stanley—an asset management titan handling $ 1.2 trillion—is contemplating a leap into cryptocurrency services. The buzz surrounding more lenient crypto regulations during the Trump administration may have sparked E-Trade’s interest in this potential venture. Morgan Stanley’s E-Trade Reportedly Poised to Dive Into …
Frax Finance, the issuer of the stablecoin frax usd (FRAX), which currently holds the ninth spot among fiat-pegged tokens by market capitalization, is weighing the addition of Blackrock’s BUIDL token as a reserve backing asset. A governance vote, scheduled to wrap up on Dec. 31, 2024, will decide the proposal’s fate. FIP-418: Frax Finance Weighs […]
According to the latest stats, Bitcoin’s network hashrate has soared past the 800 exahash per second (EH/s) mark, based on the seven-day simple moving average (SMA). The network’s computing might has hit a record-breaking high of 805 EH/s. Bitcoin Hashrate Hits Record-Breaking 805 EH/s Over the weekend, bitcoin (BTC) has stayed comfortably above the $ […]
The cryptocurrency XRP has been on an upward trajectory, recently trading at $ 2.60 after a 7.3% gain in the past 24 hours. XRP On the 1-hour chart, XRP has been consolidating tightly between $ 2.55 and $ 2.65, reflecting reduced volatility. The relative strength index (RSI) is at 75.74, signaling overbought …