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Bitcoin News
Medium
2d
126
Image Credit: Medium
Shade Goes Omnichain: Expanding Access to SILK and Secure DeFi
- Shade Protocol is expanding its omnichain access with highly capital-efficient, yield-bearing liquid staking derivatives.
- Shade Protocol has introduced ‘The Button’, a new innovation designed to make entering Shade’s on-chain economy dead simple.
- ‘The Button’ allows users to buy SHD with zero slippage and zero trading fees aiming to encourage growth and make it easy for users to contribute to pools or mint SILK.
- After using The Button, users will have the opportunity to join an exclusive chat with other Button users.
- ‘The Button’ can only be pushed a limited number of times with a limited amount of slippage-free liquidity provided, which will not be refilled before November 17.
- The Shade ecosystem's focus on UX has powered its innovation by introducing some powerful analytics and auditing tools.
- As an alternative to traditional SHD staking, users can also mint dSHD, an autocompounding SHD liquid staking token that empowers users to passively earn staking yield while also putting the LST to work in Shade DeFi and beyond.
- The Shade protocol is positioned uniquely with its privacy posture and SILK to aggressively integrate with payment rails to drive Shade products’ adoption.
- Shade's core pillars include being secure and trustable, private and auditable, stable and diverse, supporting sustainability.
- Shade's approach of diversified collateral-based SILK supports innovation through diversity to integrate all its these beliefs into managing a seamless, omnichain economy.
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Blockonomi
2d
315
Image Credit: Blockonomi
Tesla Reports $495 Million Profit on Bitcoin Investment
- Tesla's Bitcoin holdings have exceeded $1 billion, with 11,509 BTC in possession.
- Tesla's stock jumped 8% in after-hours trading to $350.
- Bitcoin reached a new all-time high of $89,560.
- Tesla gained $495 million in profit from its Bitcoin investment.
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Tokenhell
2d
90
Bitcoin Flips Silver to Become Eighth-Biggest Asset by Market Cap
- Bitcoin has surpassed Silver to become the eighth-largest asset by market cap.
- Bitcoin achieved this milestone after breaking above $89,000 for the first time and reaching a market cap of $1.75 trillion.
- Silver has been struggling to attract investors, losing 6.28% of its value in the last seven days, while Bitcoin surged 31% in the same timeframe.
- Investors are shifting towards riskier investments like Bitcoin due to a growing risk appetite and optimism around clear crypto regulatory framework under the new political administration.
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Altcoinbuzz
2d
268
Kast Launched Global Stablecoin Access with Crypto Card
- Kast has launched a global on-ramp service that allows users to convert their dollars into USDC, a stablecoin, using the SWIFT banking network.
- The service will be available in multiple countries and regions, including the U.S., Europe, Asia, and the UAE.
- Kast offers low fees for converting cash to USDC, starting from 0% up to a maximum of 0.1%.
- Kast also provides a crypto card that works in over 100 countries, allowing users to save, spend, and send stablecoins.
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NullTX
2d
276
Image Credit: NullTX
Bitcoin Hits Record High Of $85K As Whale Accumulation And Retail Participation Surge
- Bitcoin hits a record high of $85,000, driven by whale accumulation and retail participation.
- Whales and large holders have accumulated 234,150 BTC, worth $19.76 billion.
- Institutional buyers and retail investors contribute to the rally in Bitcoin.
- MicroStrategy acquires 27,200 BTC, reaching a total of 279,420 BTC.
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Silicon
2d
15
Image Credit: Silicon
FTX Sues Binance Over Alleged $1.8bn Fraud
- Bankrupt crypto exchange FTX has filed a lawsuit against Binance and its former CEO Zhao Changpeng, seeking to recover $1.8 billion fraudulently transferred by former FTX head Sam Bankman-Fried.
- The funds were transferred to Binance and Zhao in July 2021 as part of a share repurchase agreement, but FTX alleges that the transfer was made fraudulently.
- FTX accuses Zhao of posting malicious tweets to destroy his rival before FTX's collapse.
- Binance denies the claims and says it will vigorously defend itself.
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Crypto-News-Flash
2d
331
Image Credit: Crypto-News-Flash
Institutional Bitcoin ETF Trading Hits $7.22B Milestone, What’s Next?
- Institutional interest in Bitcoin ETFs soared with $7.22 billion traded in a day.
- BlackRock's IBIT accounted for over half of the $7.22 billion.
- Bitcoin ETF trading volumes reached the highest levels in over 7 months.
- Positive sentiment after the U.S. election and Bitcoin's rising market capitalization contributed to the surge in trading activity.
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Blockonomi
2d
43
Image Credit: Blockonomi
BTC/USD Approaches $90,000 as Pro-Crypto Treasury Secretary Nomination Nears
- Bitcoin surged to $89,500, setting a new all-time high.
- Bitcoin's market cap has surpassed silver.
- Scott Bessent, a pro-crypto figure, has 87% odds of becoming the next US Treasury Secretary under Trump.
- Bitcoin has gained over 30% since Trump's election win, and BTC futures open interest reached a record level at $54.50 billion.
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Altcoinbuzz
2d
252
ENS Domains’ New Layer-2, “Namechain,” Is Coming Soon
- ENS is building a new layer-2 network called Namechain.
- Namechain is designed to make blockchain transactions faster and cheaper.
- It utilizes zero-knowledge rollups to bundle and process transactions off the main Ethereum network.
- ENS plans to launch Namechain by the end of 2025, making it easier and cheaper for people to use blockchain technology.
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Cryptoslate
2d
114
Image Credit: Cryptoslate
US Bitcoin reserve asset bill could pass in Donald Trump’s first 100 days – Senator Cynthia Lummis
- US Senator Cynthia Lummis hopes her bill to establish a national Bitcoin reserve could pass in the first 100 days of Donald Trump's second presidential term.
- The proposed bill aims to acquire one million bitcoins using funds from the Federal Reserve and Treasury Department.
- Bipartisan support has been seen for the bill, with Democratic Representative Ro Khanna expressing his support.
- The bill would need to pass through the legislative process before reaching the president's desk for authorization.
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Altcoinbuzz
2d
3
Now You Can Get a UAE Golden Visa With USDC
- UAE offers a Golden Visa for long-term residency permit
- Estate Protocol enables using cryptocurrency to obtain a UAE Golden Visa
- Investment portfolio of over 2 million AED (approx. $545,000 USDC) qualifies for the visa
- UAE provides a business-friendly environment with low taxes and a diverse talent pool
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NullTX
2d
364
Image Credit: NullTX
Bitcoin’s Path to Recovery: New Investors Needed Amid ETF Volatility And Whale Activity Surge
- Bitcoin is facing a slow inflow of new investors as short-term holders (STH) now make up only 30% of its realized capitalization.
- To reignite interest, substantial price moves or major headlines, like large-scale Bitcoin acquisitions by big companies, could be essential.
- Bitcoin's negative funding rate and high open interest suggest declining bullish sentiment and potential volatility.
- Whale activity around Bitcoin spiked following the recent U.S. presidential election, with large transaction volume reaching $90 billion.
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99Bitcoins
2d
284
Chinese Chip Company Nano Labs Begins Accepting Bitcoin Payments
- Nano Labs, a China-based crypto mining chip designer, is now accepting Bitcoin as payment for its goods and services through Coinbase.
- The move is part of the company's strategy to adapt to the growing demand for digital currency transactions within the technology sector.
- Nano Labs emphasized that adopting Bitcoin enables greater payment flexibility while catering to businesses seeking secure and efficient cross-border transactions.
- This adoption reflects a broader trend of integrating cryptocurrency into mainstream business operations.
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Hackernoon
2d
35
Image Credit: Hackernoon
$42 Billion and a Trustless Donation Platform
- A hypothetical donation scenario in which the top 50% earners around the world donated just $1 per month could generate $42 billion annually. This demonstrates the likelihood of everyday people making a global impact through small donations.
- Trustless donation platforms with blockchain technology, offering transparency of donations between donors and non-governmental organizations, can help create a more trustworthy and secure environment for philanthropy.
- Rootstock is a sidechain built for Bitcoin using Ethereum-compatible smart contracts that enhance Bitcoin's capabilities and the development of decentralized applications. It uses a Rootstock Virtual Machine for smart contract execution and faster block generation times.
- A trustless donation system architecture includes the use of multi-signature wallets, smart contracts, real-time tracking of funds, and the implementation of a two-way peg mechanism. These features allow for transparency and accountability in managing donations.
- Trustless donation platforms have the potential to transform the charitable sector by attracting a broader range of donors through multi-currency support and integrating RSK-based DeFi features for yield generation from donations.
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Crypto-News-Flash
2d
213
Image Credit: Crypto-News-Flash
Bitcoin Nears $90,000 Milestone as Trump’s Crypto-Friendly Policies Boost Investor Optimism
- Bitcoin (BTC) approaches the $90k milestone as it breaches the $89k resistance level.
- Investor optimism in Bitcoin is boosted by Donald Trump's crypto-friendly policies.
- Analysts predict a bullish market in Bitcoin as Trump promises support for the industry.
- Predictions indicate Bitcoin could reach six-figure prices and even higher in the coming years.
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