Author: Digicoinvision
Join Our Telegram channel to stay up to date on breaking news coverage Coinbase has urged the US Treasury Department to stick to Congress’s vision for the GENIUS Act, suggesting that caving in to pressure from traditional financial institutions could stifle stablecoin innovation. In its response to the Treasury’s request for comments, Coinbase said regulators must avoid “imposing any requirements that go beyond what the statute commands.” It argued that Congress “carefully drafted” the GENIUS Act to promote responsible growth in stablecoins, strengthen US crypto leadership, and modernize payments infrastructure. Banking groups have called on regulators to close what they…
In February, the cryptocurrency ecosystem stood on the precipice of calamity. Hackers stole $1.5 billion of Ether from crypto exchange Bybit, the largest theft the industry had ever seen.Fears of a contagion-driven market collapse were alleviated by an industry-wide effort to plug the gap at Bybit, and within hours, the exchange regained control of the situation.The post-mortem revealed that Bybit’s routine transfer of Ether (ETH) between wallets had been captured by hackers. The attackers, believed to be North Korean Lazarus Group hackers, compromised a SafeWallet developer machine, injecting malicious JavaScript into the user interface, which tricked Bybit’s multisignature process into…
Join Our Telegram channel to stay up to date on breaking news coverage A Spanish research institute is set to cash in on a forgotten $10,000 Bitcoin buy from 2012 that’s surged 1,000x to $10 million The Institute of Technology and Renewable Energies (ITER), run by the Tenerife Island Council, acquired 97 BTC over a decade ago as part of a blockchain research project, according to a report by the Spanish-language newspaper El Día. Tenerife’s innovation councillor Juan José Martínez said the council is now finalizing plans for the sale with an approved Spanish financial institution. Proceeds will fund new…
United States spot Bitcoin exchange-traded funds (ETFs) recorded a $239.9 million net inflow on Thursday, ending a six-day slump of outflows draining almost $1.4 billion from the market. According to data from Farside Investors, the reversal came after a turbulent week of profit-taking driven by macroeconomic uncertainty, which led to redemptions across the largest institutional Bitcoin (BTC) investment vehicles. The rebound was led by asset manager BlackRock, which added $112.4 million to its iShares Bitcoin Trust (IBIT), followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $61.6 million. The ARK 21Shares Bitcoin ETF (ARKB) reported $60.4 million, while Grayscale’s GBTC, which had…
Ethereum treasury company SharpLink Gaming has reportedly transferred over $14 million worth of ETH to crypto exchange OKX ahead of its quarterly earnings call due next week. Summary A wallet linked to SharpLink Gaming transferred 4,364 ETH worth 14.47 million dollars to crypto exchange OKX on Nov. 7. The move comes days ahead of the company’s third-quarter earnings call. SBET shares are down more than 12% this week. A wallet associated with SharpLink Gaming transferred a total of 5,284 ETH and withdrew the assets before moving a portion of the funds, amounting to 4,364 ETH, to OKX on Nov. 7,…
Join Our Telegram channel to stay up to date on breaking news coverage The Bank of England said the UK won’t be left behind in the global stablecoin race, pledging that Britain will move “just as quickly as the US” after Washington’s passage of the landmark GENIUS Act. Speaking at the SALT conference in London on Nov. 5, Deputy Governor Sarah Breeden said the UK is determined to match the pace set by the US as the stablecoin sector’s market capitalization surges past $306 billion. Stablecoin market cap (Source: DefiLlama) Her comments come amid growing concern that the UK risks…
Ethereum is attempting to regain stability after the sharp selloff on Tuesday that sent its price plunging below $3,100. The drop triggered widespread liquidations across the crypto market, with ETH briefly touching multi-week lows before finding support. As of today, bulls are trying to reclaim the $3,350 level, a short-term resistance zone that could determine whether the asset stages a broader recovery or faces another leg down. Related Reading Despite the volatility, on-chain data reveals a different story beneath the surface. Large investors — often referred to as whales — have continued to accumulate ETH, signaling long-term confidence in the…
Join Our Telegram channel to stay up to date on breaking news coverage Crypto revenue for the trading platform Robinhood Markets soared over 300% in the third quarter, but the company says it is not rushing to become a digital asset treasury (DAT) firm. Robinhood’s crypto-trading revenue reached $268 million, the company’s CEO Vlad Tenev said in the firm’s third-quarter earnings call. Overall, transaction-based revenues increased 129% from the same period last year to $730 million. The company’s earnings per share rose 259% to 61 cents, beating analyst expectations of 51 cents. Robinhood shares closed yesterday up more than 4%,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s price has fallen below $3,400 for the first time since August, but large investors appear to have turned this correction into a buying opportunity. Data shows that whales have been accumulating vast amounts of ETH within a short window. The accumulation coincides with Ethereum recording a new network throughput milestone, which adds further strength to the argument that the cryptocurrency is still solid even during the price weakness. Whales Scoop Up $1.12 Billion Worth Of ETH In 48 Hours Data from the on-chain analytics platform Lookonchain…
Join Our Telegram channel to stay up to date on breaking news coverage The XRP price jumped 3.5% over the past 24 hours to trade at $2.32 as of 2:47 a.m. EST even as trading volume plunged 39% to $5.5 billion. This comes as Ripple unveiled a ground-breaking pilot with Mastercard, WebBank, and Gemini to modernize fiat card payments using its stablecoin, RLUSD, on the XRP Ledger. Ripple unveiled this new initiative at the Swell 2025 event, where it confirmed a partnership with the firms. Together, the companies will explore using RLUSD to process fiat card transactions on the XRP…