Some coins saw major growth in 2024, but this was not reflected in the number of acquired users in their networks, underscoring the need for quality user activity. The crypto industry grew remarkably in 2024 amid rising coin prices, but the same cannot be said for on-chain users across most...
sBTC Launches on Stacks Mainnet With Deposit-Only Functionality
The initial launch will allow deposit-only functionality with multiple features expected to follow in the first half of 2025. Bitcoin L2 Labs, the development firm behind Bitcoin layer-2 Stacks, has announced the mainnet release of sBTC, Stacks’ programmable 1:1 BTC-backed asset. sBTC allows the decentralized movement of BTC in and...
Fed Chair Likens Bitcoin to Gold, Says It’s Not a Rival to the Dollar
Powell dismissed concerns over faith in the dollar, asserting that Bitcoin's volatility keeps it from mainstream adoption. Federal Reserve Chairman Jerome Powell has dismissed the idea that Bitcoin could replace the U.S. dollar, likening the cryptocurrency to gold as a speculative asset rather than a store of value. Powell shared...
Binance Unveils On-chain Yields With Babylon Bitcoin Staking
The Binance Babylon Bitcoin Staking product will be available on December 10 with a limited quota of 1,000 BTC available to users on a first-come, first-served basis. The world’s largest crypto exchange has announced the launch of an on-chain yield feature on its Binance Earn platform. According to an official...
Vancouver Mayor Proposes a Motion to Make City ‘Bitcoin-Friendly’
Vancouver Mayor Ken Sim's plan to embrace Bitcoin reflects growing interest in crypto's potential, with BTC recently hitting over $98,000 Vancouver Mayor Ken Sim has revealed plans to incorporate Bitcoin (BTC) into the city’s investment portfolio, aiming to position the town as a crypto-friendly hub. This initiative seeks to diversify...
MARA Boosts BTC Holdings to $3.3 Billion Through $1B Convertible Note Offering
MARA grows BTC holdings to 34,797 BTC, valued at $3.3B, following a $1B convertible note offering and 6,474 BTC purchases in November MARA, formerly Marathon Digital, has announced the purchase of an additional 703 BTC. This recent initiative follows an earlier purchase of 5,771 Bitcoin (BTC) on November 23, bringing...
Bitcoin Attracts $3 Billion Weekly Inflows as Prices Neared $100K Milestone
Solana dominated altcoin inflows with $16 million last week, significantly surpassing Ethereum's $2.8 million. Digital asset investment products experienced a record-breaking week, with $3.13 billion in inflows, pushing total investments since mid-September – the start of US interest rate cuts – to $15.2 billion. According to CoinShares, year-to-date inflows have...
Why Peter Schiff Is Wrong About Bitcoin and Inflation (Opinion)
Euro Pac's Peter Schiff asserted Wednesday that inflows to BTC and cryptocurrency will cause inflation. But the truth is BTC economies incentivize holding and decrease the velocity of money. The world’s leading cryptographic currency is trading over 40% higher than its average price on the eve of the November 5th...
