Binance.US Announce Plans to Resume USD Services in the US Early 2025

Key Takeaways Binance.Us has announced plans to resume USD services in the United States by early 2025 Binance CEO Richard Teng earlier said it was too early to discuss whether the Exchange will resume operations in the United States Binance is entirely banned in several parts of the US. They include New York, Texas, Louisiana,…

December 19, 20240Comments

ByMichael Ndu-okeke

News

EQTY Lab, Intel, and NVIDIA Launch Verifiable Compute to Secure AI with Hedera Blockchain

EQTY Lab, Intel, and NVIDIA introduce Verifiable Compute, an AI governance framework anchored on the Hedera blockchain, enhancing transparency, trust, and regulatory compliance. Building AI Trust: Hedera Blockchain Supports Verifiable Compute Framework Dec. 18, 2024 — Virginia, USA In a groundbreaking development for the AI industry, EQTY Lab, Intel, and NVIDIA have unveiled Verifiable Compute,…

December 19, 20240Comments

ByGabriel Okokhuele Eromonsele

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Bitcoin News

Spot Bitcoin ETFs record 84.3 million outflows, still end the day on a positive note

The 11 Spot Bitcoin ETFs recorded an outflow of $84.3 million from four of the existing ETF products. Despite the Outflow, Bitcoin ETFs closed the day with a positive balance thanks to a heavy inflow from Blackrock’s IBIT. Bitcoin ETFs ended the day pulling in $275.3 million with significant outflows from four of the existing…

December 19, 20240Comments

ByMichael Ndu-okeke

CryptoNews article header showing Ethereum coin among other crypto coins, headline reading "Three ETF Products Lose $79.4 Million as Ethereum ETFs Pull in Only $2.5 million."

Ethereum News

Three ETF products lose $79.4 million as Ethereum ETFs pull in only $2.5 million

Three out of the nine existing Ethereum ETF products recorded an outflow of $79.4 million yesterday draining the Ethereum ETFs. The Ether ETFs were left with a balance sheet of $2.5 million following the significant outflows from the three ETF products. Farside Investors UK revealed that Grayscale’s ETHE, Grayscale’s ETH, and Bitwise's ETHW recorded outflows…

December 19, 20240Comments

ByMichael Ndu-okeke

News

exSat Unveils $5 Million Developer Program and Bitcoin Hackathon Series

Singapore, December 19, 2024 — exSat, a Bitcoin scaling solution provider, has announced a $5 million developer incentive program aimed at accelerating innovation within the Bitcoin ecosystem. The initiative will include a series of competitions, beginning in January 2025, and culminate in a showcase at Bitcoin 2025 in Las Vegas. Notably, the program kicks off…

December 19, 20240Comments

ByDaniel Nwokolo

News Press Release

Federal Reserve Cuts Rates by 25 Basis Points, Boosting Market Hopes

Federal Reserve Cuts Rates by 25 Basis Points, Boosting Market Hopes The Federal Reserve has officially reduced interest rates by 25 basis points, a move in line with market expectations. This rate cut is largely seen as a boost to markets, providing additional liquidity that could support risk-sensitive assets like cryptocurrencies. However, experts caution that…

December 19, 20240Comments

ByEdward Hopelane

News

Hong Kong Approves Four New Crypto Exchanges, Strengthening Bid as Crypto Hub

Hong Kong approves four new crypto exchanges under its swift licensing process, bringing total licensed platforms to seven, with more steps ahead.

December 18, 20240Comments

ByPeter Macharia

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Bitcoin Projected to Reach $1 Million by 2027, New Academic Study Predicts

An academic study forecasts Bitcoin could exceed $1 million by 2027, driven by institutional adoption, limited supply, and halving events. Here is the summary below: Bitcoin’s price could hit $1 million by January 2027, driven by institutional adoption and supply constraints. Halving events and liquid supply shortages are major catalysts for price surges. Multiple scenarios…

December 18, 20240Comments

ByGabriel Okokhuele Eromonsele

News

World Liberty Financial Partners with Ethena for DeFi Expansion

World Liberty Financial partners with Ethena Labs to integrate sUSDe token, expanding DeFi opportunities with stablecoin collateral.

December 18, 20240Comments

ByPeter Macharia

CryptoNews article header showing Ethereum coin with warm-toned background, headline reading "Spot Ethereum ETFs Record No Outflows For The Day Pulling in $144 million."

Ethereum News

Spot Ethereum ETFs record no outflows for the day pulling in $144 million

The nine-spot ethereum ETFs surprisingly recorded no outflows for the day while pulling in a commendable $144 million. The $144 million pulled in by the Ethereum ETFs is an encouraging figure compared to yesterday's $51 million. Farside Investors UK data revealed that Blackrock’s ETHA recorded the highest inflow for the day pulling in $134 million. …

December 18, 20240Comments

ByMichael Ndu-okeke