Category: Bitcoin News

Can It Last Amid Inflation Concerns?

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Key takeaways: Federal Reserve balance-sheet limits and possible repo operations point to improving liquidity conditions that could boost Bitcoin and other risk assets. Fiscal strain and sector weakness currently weigh on markets, but easing tariffs and a targeted stimulus plan may support a recovery in crypto demand. Bitcoin (BTC) and the broader crypto market could remain under pressure ahead of the upcoming US Federal Reserve interest rate decision on Dec. 10. Expectations for the direction of monetary policy remain highly split, with concerns over inflation clashing against signs of slowing…

Marshall Islands says UBI Program will Use Digital Wallet

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The Republic of the Marshall Islands announced that it would allow citizens to access funds through a government-issued digital asset as part of the nation’s Universal Basic Income (UBI) program. In a Wednesday announcement shared with Cointelegraph, the government of the island nation said it had launched a digital wallet called Lomalo, which will utilize the US dollar-pegged stablecoin USDM1 to enable citizens to access the UBI program. According to the government, the first disbursement of funds will occur in late November, allowing citizens to access them through their wallet,…

Regulator Clarifies US Banks can Handle Gas Fees using Crypto Holdings

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The US Office of the Comptroller of the Currency (OCC) issued guidance to banks confirming their authority to hold specific cryptocurrencies for the purpose of paying network gas fees. In a Tuesday notice, the OCC said US banks were allowed to hold crypto on their balance sheets to pay network, or gas fees, provided the transactions were for permissible activities. The regulator said that an authorized national bank “may hold amounts of crypto-assets as principal necessary for testing otherwise permissible crypto-asset-related platforms.” “As with any activity, a national bank must…

BTC Jumps 4% as Stocks Slide Ahead of Nvidia Earnings

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Key takeaways: Bitcoin rebounded 4% from a key range under $90,000, outperforming US equities on Tuesday. Tech stocks slid ahead of Nvidia’s pivotal Q3 earnings, which could determine the next phase of the AI trade. The Coinbase premium gap plunged to negative $114, pointing to waning institutional demand, which may keep BTC range-bound in the short term. Bitcoin (BTC) staged a sharp rebound on Nov. 18, rising 4% from an intraday low of $89,300 to trade as high as $93,700 as BTC rallied from a key order block between $91,500…

Author Breaks Down the Antidote to Inflation

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Bitcoin (BTC) is the solution to the loss of purchasing power and downward social mobility. However, individuals must understand the root economic issues to see Bitcoin’s true value as a savings vehicle, according to Natalie Brunell, journalist and author of “Bitcoin is for Everyone.”  Brunell is a first-generation immigrant; her family came to the US for economic opportunities, but was negatively impacted by the 2008 financial crisis, she told Cointelegraph. “I didn’t understand the financial system at the time, Brunell said, adding that it would take over a decade for…

ETH Enters Buy Zone Under $3K as Liquidity Resets

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Key takeaways: Ether’s 20% monthly decline has pushed it into a clear daily downtrend, retesting $3,000 for the first time since July. The Mayer Multiple falling below 1 signals a historically strong accumulation zone, resembling past bottoming phases. Leveraged liquidity has reset, but clusters at $2,900 and $2,760 warn of further volatility before a potential recovery. Ethereum’s native token, Ether (ETH), has slipped nearly 20% in November, from $3,900 to retesting the $3,000 level on Nov. 17, a price last seen on July 15. The drawdown has pushed ETH into…

Cloudflare Outage Hits Multiple Crypto Websites, Social Media Channels

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Cloudflare, the company responsible for providing network services to websites and platforms across the internet, reported disruptions, which removed access to the front end of many cryptocurrency websites and communications through social media. In a Tuesday update to its system status, Cloudflare said that it had implemented a fix after reporting an “internal service degradation” at 11:48 am UTC.  “[W]e believe the incident is now resolved,” said Cloudlfare in an update on its status. “We are continuing to monitor for errors to ensure all services are back to normal.” Source:…

Private Key Theft Becomes Industrialized, Galaxy’s GK8 Warns

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Private key theft is no longer just another way hackers attack crypto users — it has become a full-fledged business, according to GK8, a crypto custody expert owned by Mike Novogratz’s crypto investment platform Galaxy Digital. In a report published Monday, GK8 detailed how private key theft has evolved into an industrialized operation, highlighting the rise of black market tools that allow perpetrators to locate and steal someone’s seed phrase. The study pointed to several tools, such as malware infostealers and seed phrase finders, that can scan files, documents, cloud…

Pantera-Backed, Web3 Startup Silent After Entity Claims 60% Of Airdrop

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Web3 startup aPriori has gone quiet after fresh allegations over its latest token airdrop, as onchain analysts flag unusually concentrated distribution patterns. About 60% of the recent aPriori (APR) token airdrop was claimed by a single entity across 14,000 interconnected cryptocurrency wallets, according to blockchain analytics platform Bubblemaps. The wallets were freshly funded through crypto exchange Binance with 0.001 BNB (BNB) each over a short period, Bubblemaps said. All of the addresses then sent their APR allocations to new wallets. The mysterious entity that claimed 60% of the airdrop allocations…

El Salvador Claims $100M BTC Dip Buy Despite IMF Deal

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El Salvador, the first country to adopt Bitcoin as legal tender, says it has bought more than $100 million in BTC despite pledging to the International Monetary Fund (IMF) to limit public exposure to the asset as part of a loan agreement. According to data from El Salvador’s Bitcoin Office, the government acquired 1,090 Bitcoin (BTC) worth more than $100 million on Tuesday. The purchase comes after the IMF said in a July report that the Central American nation had not bought any new Bitcoin since the organization approved a…