Category: Bitcoin News

Binance has appointed co-founder Yi He as co-CEO, elevating one of its earliest architects to a formal leadership role alongside chief executive Richard Teng. According to a Wednesday announcement, Binance CEO Richard Teng announced on stage at Binance Blockchain Week that co-founder Yi He has been appointed co-CEO. Teng said He “has been an integral part of the executive leadership team since the launch of Binance,” calling the appointment “a natural progression.” Teng explained that He, Binance’s chief marketing officer prior to her appointment as co-CEO, is crucial in growing…

The UK has passed a bill into law that treats digital assets, such as cryptocurrencies and stablecoins, as property, which advocates say will better protect crypto users. Lord Speaker John McFall announced in the House of Lords on Tuesday that the Property (Digital Assets etc) Bill was given royal assent, meaning King Charles agreed to make the bill into an Act of Parliament and passed it into law. Freddie New, policy chief at advocacy group Bitcoin Policy UK, said on X that the bill “becoming law is a massive step…

Bitcoin is seeing renewed optimism of a recovery, as crypto market analysts are eyeing six figures for the cryptocurrency as it gained above $92,000 after a fall to $84,500. “This is what you’d want to see. [Bitcoin] coming back up again, after a weird move down on the 1st of this month,” MN Fund founder and analyst Michaël van de Poppe said on Tuesday. He added that it was “crucial” for Bitcoin (BTC) to break above $92,000. “If that breaks, then I’m sure we’ll start to see a new all-time…

The Australian Bitcoin Industry Body (ABIB), a crypto industry group, says it has filed a formal complaint against the Australian Broadcasting Corporation, to correct a recent article contained several misrepresentations and factual errors about Bitcoin.  In its complaint, ABIB claimed that the article painted Bitcoin (BTC) as volatile, a tool for criminals, and ignored the benefits of Bitcoin for energy grids and humanitarian purposes.  “The article misrepresented Bitcoin’s purpose, conflated it with criminal activity, omitted long-standing publicly available information, and relied on sensational language rather than evidence to inform readers,”…

American entrepreneur and investor Kevin O’Leary has pushed back against speculation that the US Federal Reserve will cut interest rates in December — a move that typically signals a favorable outlook for crypto.  However, O’Leary doesn’t anticipate a Fed rate hold negatively impacting Bitcoin’s (BTC) price. “I don’t actually think the Fed’s gonna cut in December,” O’Leary, also known as “Mr Wonderful,” told Cointelegraph during an interview on Tuesday, emphasizing that it’s not “gonna make a difference to Bitcoin.” Mr. Wonderful doesn’t tip Bitcoin to move more than 5% “I’m…

A group of 10 banks plans to introduce a euro-pegged stablecoin in 2026 under an entity authorized by the Dutch Central Bank. In a Tuesday notice, ​​BNP Paribas said it would join nine other EU-based banks in an effort to launch a euro-backed stablecoin “in the second half of 2026.” The Amsterdam-based entity formed by the banks, Qivalis, will launch a stablecoin compliant with the region’s Markets in Crypto-Assets (MiCA) framework, subject to regulatory approval. “A native euro stablecoin isn’t just about convenience — it’s about monetary autonomy in the…

US-based crypto exchange Kraken has agreed to acquire Backed Finance AG, the company behind the issuance of xStocks, adding to a string of acquisitions the exchange has made this year while bringing the tokenized-equities platform under its roof. According to Tuesday’s announcement, Kraken plans to integrate xStocks’ issuance, trading and settlement more tightly into its products, including its global money app, while expanding support to additional blockchains and markets.  XStocks is a platform that issues tokenized versions of publicly traded equities, such as stocks and exchange-traded funds (ETFs). It currently…

Solana’s (SOL) onchain flows are flashing a powerful supply-side shift with the crypto asset hovering just above the $120 support zone, but market participation still needs to intensify to turn this structural advantage into upside momentum. Key takeaways: $2.12 billion USDC flowed into Binance while $1.11 billion SOL exited, forming a textbook bullish structure around the $120 level. SOL futures volume fell 3% while BTC and ETH saw 43% and 24% jumps, signaling sluggish trader participation despite improving spot mechanics. Relative unrealized profit retreated to October 2023 lows, indicating a…