Category: Bitcoin News

BNB Chain Among 16 Networks That Can Freeze Assets: Bybit

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A security research team at the major crypto exchange Bybit has identified 16 blockchain networks that are technically capable of freezing or restricting user funds. Bybit’s Lazarus Security Lab on Tuesday released a report examining the impact of the fund freezing ability across multiple blockchains, analyzing a total of 166 networks. Using AI-driven analysis combined with manual review, the Bybit security team found that networks like Binance-backed BNB Chain are hardcoded with freezing functions. The analysts also reported that the Cosmos chain is among 19 networks that could potentially introduce…

Sonic Labs Announces US Expansion, Business Pivot To Grow S Token Value

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Sonic Labs, the organization behind the Sonic layer-1 blockchain, announced a major strategic shift as it pivots from emphasizing transaction speed to building long-term business value and token sustainability. After claiming industry-leading performance last year, Sonic Labs said its next chapter will focus on upgrades that deliver measurable financial outcomes, including new Ethereum and Sonic Improvement Proposals (EIPs and SIPs), token supply reductions and revamped rewards for network participants. “Every decision we make moving forward will be guided by the principles of building real value, with price, growth, and sustainability…

Bitcoin Needs to Crack $107,000 Next, Traders Agree

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Bitcoin (BTC) eyed intraday highs into Wednesday’s Wall Street open as bulls battled for $105,000. Key points: Bitcoin creeps higher into the US trading session as traders seek $107,000 retest. Opinions diverge on whether price can reclaim that area as support. Binance withdrawals give analysis cause to stay bullish on the BTC price outlook. BTC/USD four-hour chart. Source: Cointelegraph/TradingView All eyes on $107,000 BTC price resistance Data from Cointelegraph Markets Pro and TradingView showed BTC price strength returning on low time frames. After filling the latest weekend “gap” in CME…

Bitcoin Stablecoin Reserve Ratio Signals ‘Bottom’ as Bulls Eye $124K

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Stablecoin supply has spiked to bear market levels, suggesting buyers could soon spark another leg up for the Bitcoin (BTC) and crypto markets, according to analysts. Key takeaways: Bitcoin Stablecoin Supply Ratio at bear market lows signals BTC price bottom. Rising Binance stablecoin reserves and falling BTC supply indicate a buildup of buyer liquidity. Bitcoin’s falling wedge breakout targets previous all-time highs at $124,000.  Bitcoin liquidity signals “turning point” Bitcoin’s stablecoin ratio is at levels that have historically marked bottoms for BTC, according to new analysis. Stablecoin Supply Ratio (SSR)…

Japan’s JPYC Says Stablecoins May Become Key Bond Buyers

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Japan’s first domestic stablecoin issuer said digital asset companies may soon become significant players in the country’s sovereign debt market, potentially reshaping monetary policy. JPYC, the Tokyo-based company behind Japan’s first yen-pegged stablecoin, said issuers may evolve into major buyers of Japanese government bonds (JGBs) as their reserves increase. In comments reported by Reuters, JPYC founder and CEO Noritaka Okabe said stablecoin reserves could fill the gap left by the Bank of Japan (BOJ) as it slows its bond purchases. The Tokyo-based startup started issuing its yen-backed token, also dubbed…

Bridge by The Tie is a secure and compliant messaging platform for crypto

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As the crypto industry matures, pragmatism and common sense are slowly creeping into the idealistic, messy business of blockchain tech. For years, crypto founders have declared that they’re reinventing the financial system. And although the focus has been on big ideas and innovative financial engineering, many crypto products and services remain off-limits to regulated organizations.  As banks, OTC desks, and institutional investors enter the space, they find the basic infrastructure of serious finance either missing, or lacking in the compliance tools that allow them to fully participate. Telegram and X…

Bitcoin ETFs Amass $524M, Best Day Since $19B Crypto Market Crash

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Bitcoin exchange-traded fund (ETF) investments are showing signs of recovery, signaling a return of risk appetite following a record crypto market crash in early October. US spot Bitcoin ETFs saw $524 million worth of cumulative net inflows on Tuesday, marking the highest daily amount since Oct. 7, according to data from Farside Investors. The $524 million inflows mark the highest cumulative inflows since the crypto market crash on Oct. 10, which delivered a significant blow to crypto investor appetite. The positive daily inflows are a welcome signal for Bitcoin (BTC)…

Visa Launches Fiat-To-Stablecoin Payout Pilot

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Payments giant Visa has launched a pilot in the US, allowing US dollar-pegged stablecoin payouts to be sent from business accounts funded using fiat currency, such as US dollars. Visa announced the pilot at the Web Summit in Lisbon, Portugal, on Wednesday, which allows users of its digital payments network, Visa Direct, to send stablecoins such as USDC (USDC) directly to a crypto wallet. The company said the pilot allows recipients to opt to receive their funds in stablecoins and US-based platforms and businesses can send payouts from their fiat…

UAE Completes First Digital Dirham Transaction in CBDC Pilot

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The United Arab Emirates has made the first transaction with its central bank digital currency in the first major update to the project since it was announced in March. The United Arab Emirates’ Ministry of Finance and Dubai Finance said on Tuesday that the transaction was part of the pilot phase of the Digital Dirham project and used the government payment platform mBridge. The agencies said the transaction was a first for the UAE government and was a “step towards broader adoption of the national digital currency across both government…

SoFi Bank Introduces Crypto Trading for Customers

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US bank SoFi Technologies has launched crypto trading services to its customers, as clearer rules have allowed the crypto market to court greater interest from traditional finance. SoFi said on Tuesday that its crypto service will aim to offer dozens of cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), and started in a phased rollout on Monday, with more customers able to gain access in the coming weeks.  SoFi CEO Anthony Noto told CNBC’s Squawk Box on Tuesday that his bank is the first and only nationally chartered bank to launch…