Category: Bitcoin News

Who is Trump’s Crypto-Friendly Fed Pick?

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US President Donald Trump is slated to choose a new Federal Reserve chair by Christmas, and the frontrunner, Kevin Hassett, could be a boon for the crypto industry. Hassett is a White House economic adviser who has reportedly emerged as a strong candidate for the Fed chair position. He is the director of the National Economic Council and oversaw the digital asset working group directed by the White House earlier this year. Trump has been trying to increase his administration’s control over the Federal Reserve, the country’s central bank, thereby…

Investor Slams Crypto’s Network Effects, Experts Disagree

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Santiago Roel Santos, founder and CEO of crypto investment company Inversion Capital, said cryptocurrencies are not subject to positive network effects, but other experts disagree. In a recent Substack post, Santos wrote that “crypto is priced for network effects it doesn’t have.” He also pointed to the network effect valuation system, Metcalfe’s Law, saying that it “doesn’t justify crypto’s valuation” and instead “exposes it.” Santos claimed that many of crypto’s network effects are adverse, due to congestion, such as higher fees, a worse user experience, and slower transactions. “Facebook didn’t…

How cooling inflation affects Bitcoin narratives and price behavior

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Inflation, macro cycles and Bitcoin’s dual roles Inflation sits at the center of modern economic cycles. When inflation is high, central banks raise interest rates, reduce liquidity and push investors toward safer assets. When inflation falls, liquidity usually improves, risk appetite returns and markets start to focus on future growth. In this environment, Bitcoin (BTC) serves two distinct purposes: A store of value, supported by its fixed supply and predictable issuance schedule. A high-risk technology asset strongly influenced by liquidity, market sentiment and broader risk cycles. Periods of cooling inflation…

Thailand Orders World To Delete 1.2 Million Iris Scans

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Authorities in Thailand have officially requested World, a Sam Altman-backed digital identity project, to suspend operations and delete all user identification data. Thailand’s Economic and Social Development Board, the country’s strategic planning agency, has ordered World to delete iris scans of 1.2 million local users, according to a statement by the Ministry of Digital Economy and Society (MDES) on Monday. The order detailed that World’s iris scanning in exchange for its Worldcoin (WLD) token violated Thailand’s Personal Data Protection Act, which governs the collection, use and disclosure of personal data.…

Blockrise Wins MiCA License For Europe-Wide Bitcoin Services

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Blockrise, a Netherlands-based Bitcoin-only startup, has secured a regulatory license that opens the door for fully regulated Bitcoin financial services across Europe. The Dutch Authority for the Financial Markets (AFM) has granted Blockrise a license under the new Europe-wide Markets in Crypto-Assets Regulation (MiCA) framework, the company announced Wednesday. Issued on Tuesday, the MiCA license allows Blockrise to provide its Bitcoin (BTC) services, including custody solutions, trading and asset management, throughout Europe. Additionally, Blockrise is debuting a new service that allows its business clients to obtain Bitcoin loans, even though…

Polygon Founder Weighs Bringing Back MATIC After POL Rebrand

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Polygon co-founder Sandeep Nailwal spurred a public discussion about the project’s token branding, asking the community if the network should consider reverting its ticker from POL to MATIC.  On Wednesday, Nailwal said that while he personally thinks that they should stick to POL, he continues to hear feedback that the original MATIC ticker had stronger recognition, especially among retail users who are now confused about the asset’s whereabouts.  “The counter-argument I keep getting is: the guy in the Philippines running a sari-sari store, or an Uber driver in Dubai, knew…

Trump-linked WLFI Ramps Up Token Buybacks Despite 50% Slide

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The Trump family-backed crypto project, World Liberty Financial, continued its token buyback strategy, aiming to create more demand for the token, which has declined almost 50% since its launch. The platform acquired $7.7 million worth of World Liberty Financial (WLFI) tokens on Wednesday at an average price of $0.16 per token, according to blockchain data platform Lookonchain. The nearly $8 million buy is significantly larger than its $1.06 million WLFI token buyback on Sept. 27, which saw $1.43 million worth of tokens burned, Cointelegraph reported at the time. Earlier in…

Naver to Buy Upbit Operator Dunamu in $10.3 Billion Stock Swap

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Naver Financial, the fintech arm of South Korean tech conglomerate Naver, has announced plans to acquire Upbit operator Dunamu in a stock-swap deal valued at roughly 15.1 trillion won ($10.3 billion). According to a Wednesday filing, Naver Financial will issue 87.56 million new shares to Dunamu shareholders. The transaction will make Dunamu a wholly owned subsidiary of Naver Financial. The exchange ratio was set using an external discounted cash-flow valuation, which put the corporate value ratio at 1:3.064569 and, after adjusting for each firm’s outstanding shares, produced a final exchange…

Bitcoin’s Puell Multiple Says BTC Price Undervalued as Bulls Target $96K

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Bitcoin (BTC) is due for a “new uptrend” as a key BTC price metric suggests that the recent drop to $80,000 provided a prime buying opportunity.  Key takeaways: Bitcoin’s Puell Multiple has entered the discount zone, suggesting undervalued market conditions. BTC bull flag pattern targets a short-term recovery to $96,000.  Bitcoin price is “entering an opportune moment” Data from CryptoQuant suggests that Bitcoin is in a buy-the-dip zone. The Puell Multiple, which tracks miners’ daily revenue against the annual average, has returned to the discount zone, following Bitcoin’s latest drop…

Bitcoin Demand ‘Resurgence’ May Happen, Despite November Plunge

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Bitcoin is poised to buck its usual strong November performance, but Bitfinex analysts suggest demand could return very soon.  November has historically been Bitcoin’s (BTC) strongest month, posting an average return of 40.82%, according to CoinGlass. However, October closed down 3.69% — despite typically delivering average gains of around 19.92% — leading some to question whether seasonal trends are still a reliable consideration.  “We are also on track to close November in the red,” Bitfinex analysts said in a report on Tuesday, as the asset’s price traded 20.60% below its…