The euro area private sector fell back into the negative territory in November as services activity shrank for the first time in ten months, joining manufacturing in contraction zone, survey results from S&P Global revealed Friday. The composite output index registered 48.1 in November, which was the lowest since January, and down from 50.0 in...
The FTX bankruptcy estate disputes Backpack’s claim that it can return funds to former FTX EU customers, and it says Backpack was not authorized to do so.Backpack insists it legally acquired FTX EU and received regulatory approval, but the FTX estate maintains that fund distribution must follow the court-approved process. The FTX bankruptcy estate has...
A social media poll by Michael Saylor shows 77.7% of participants plan to increase their Bitcoin holdings in 2025. Microstrategy aims to raise $42 billion through its new “21/21 Plan” to buy more Bitcoin. It currently holds 446,400 BTC worth approximately $27.9 billion. A recent social media poll by Microstrategy’s Executive Chairman, Michael Saylor, revealed substantial...
European banks are launching crypto trading under MiCA, and major institutions like BBVA are leading the way.Rising demand and clear regulations drive banks to integrate digital assets into traditional finance. European banks are now on a new level in adopting cryptocurrencies, as the top players plan to start trading services. MiCA regulation is now fully active,...
Crypto analyst StephisCrypto has generated discussion in the crypto community by comparing Bitcoin’s rise from $2 in 2012 to $1,200 in 2014 to the potential for XRP to follow a similar path.XRP has the potential to replicate Bitcoin’s growth due to two key factors: the expected approval of XRP-based ETFs, mirroring Bitcoin’s approval in January...
The U.S. dominates over 40% of Bitcoin’s global hashrate, with Foundry USA as a leading mining pool.Texas contributes over 28% of U.S. hashrate, leveraging renewable energy for sustainable Bitcoin mining operations. Comprising over 40% of the overall hashrate of the network, the United States has confirmed its leadership in Bitcoin mining worldwide. The movement of...
China’s expected interest rate cuts and economic stimulus could drive liquidity into Bitcoin, sparking a price breakout.Global Bitcoin reserve trends and U.S. policy shifts may amplify Bitcoin’s momentum in 2025. China’s economic policies may quietly spark Bitcoin’s next major rally. The People’s Bank of China is preparing to slash interest rates as part of a...
Marathon Digital lends 7,377 BTC to third parties, representing 16% of its total reserves, to generate modest yield.Marathon diversifies into AI and computing to overcome mining challenges and support long-term growth initiatives. Marathon Digital Holdings, a well-known Bitcoin mining company, has stated that it will lend 7,377 BTC to third parties in 2024, accounting for...
MicroStrategy plans to raise $2 billion to buy more Bitcoin, continuing its aggressive investment strategy.Investors have mixed reactions, some supporting the move and others fearing market disruption. MicroStrategy, led by founder and executive chairman Michael Saylor, has announced its intention to raise an additional $2 billion to increase its Bitcoin holdings. The company aims to...
Analysts predict that XRP could record some “crazy bullish candles” in 2025 to hit between $8 and $20 this cycle. Dogecoin (DOGE) is also reported to be gearing up for an explosive run once it successfully breaches a crucial psychological level. XRP recently made a sudden surge to $2.5 after touching the $1.9 support level multiple...