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Bitcoin hashrate hits a new all-time high as BTC clocks $107k
As BTC hovers near its new all-time highs, the Bitcoin network hashrate has also seen record-breaking figures. The network’s 7-day simple moving average hashrate recorded an all time high of 805 EH/s on December 15th. The Bitcoin network hashprice also made new highs of $64.53/PHS/Day.Cryptopolitan
Mon, Dec 16
Ripple to launch RLUSD stablecoin tomorrow
Ripple has finally announced that the launch of its highly-anticipated stablecoin RLUSD is all set for tomorrow. Fox Business journalist Eleanor Terrett shared that the stablecoin will initially be accessible on Uphold, MoonPay, Archax, and CoinMENA. Reportedly, the company plans to expand RLUSD’s reach to other platforms like Bitso, Bullish, and Bitstamp in the weeks […]Cryptopolitan
Mon, Dec 16
Hyperliquid attract $1 billion USDC net inflow in 3 weeks
Blockchain network Hyperliquid has recorded over $1 billion in net inflow of USDC stablecoin since its airdrop on November 29. According to data from SpotOnChain, the number of USDC within the network deposit bridge doubled over the last 17 days, increasing to $2.09 billion USDC. The massive inflow of stablecoins into the L1 network, which […]Cryptopolitan
Mon, Dec 16
Binance accused of IP theft over PNUT token by Peanut the Squirrel owner
Mark Longo, owner of the Peanut the Squirrel brand, has issued a cease-and-desist letter to cryptocurrency exchange Binance, accusing the platform of trademark infringement in relation to its PNUT-themed memecoin. In a filing shared on X by Longo, the owner claims Binance unlawfully used his “Peanut the Squirrel” trademark and mascot likeness to promote the […]Cryptopolitan
Mon, Dec 16
Shiba Inu (SHIB) Fans Are Buzzing, But Can It Compete With Lightchain AI Real-World Use Cases
The cryptocurrency space is constantly evolving, and competition remains fierce. While community-driven tokens like Shiba Inu (SHIB) continue to dominate headlines with their viral appeal, projects like Lightchain AI (LCAI) are paving the way for real-world innovation. With the Lightchain AI Presale now live, this platform is set to blend blockchain and artificial intelligence (AI) […]Cryptopolitan
Mon, Dec 16
Pro-Crypto SEC Could See $ETH ‘Santa Rally’ $5K Pump; Raising $18M, Altcoin Crypto-All Stars Could Ride the Ethereum On-Chain Wave
As chill winds blow outside, the crypto market is heating up. With 2024 nearing a close, the cryptocurrency market is abuzz with talk of a ‘Santa Rally,’ spurred in large part by tBitcoinist
Mon, Dec 16
MicroStrategy buys 15,350 more Bitcoins, BTC yield hits 72% YTD
MicroStrategy has done it again. Between December 9 and December 15, 2024, the company purchased 15,350 bitcoins for $1.5 billion in cash. This brings their total Bitcoin holdings to a jaw-dropping 439,000 BTC, now worth billions more in market value. The acquisition was funded through the sale of 3.88 million shares of its class A […]Cryptopolitan
Mon, Dec 16
Russia’s central bank to aggressively raise interest rates to battle inflation
Several economists, including Liam Peach, a senior emerging market economist in Capital Economics, expect the Central Bank of Russia to initiate major interest rate hikes on December 20. The speculations are despite the CBR’s governor, Elvira Nabiullina, mentioning last week that a rate hike was not predetermined in the upcoming rate-setting meeting.Cryptopolitan
Mon, Dec 16
Polygon’s $1B yield plan under fire from former employee
A former Polygon employee, via an X post, flagged the blockchain’s risky incentive injection to boost its Aggregation Layer (AggLayer) ecosystem. He suggests that the Polygon community is evaluating a proposal to generate yield from over $1 billion in stablecoin reserves held on the PoS Chain bridge. The AggLayer is a decentralized protocol that aggregates […]Cryptopolitan
Mon, Dec 16
Peter Schiff accuses Michael Saylor and MicroStrategy of Bitcoin market manipulation
Peter Schiff, the relentless gold maximalist and Bitcoin hater, has set his sights on Michael Saylor and his company MicroStrategy, accusing them of manipulating BTC price. The sharp allegations followed Bitcoin’s meteoric rise to an all-time high of $106,493 last night. Pointing to MicroStrategy’s buying spree, Peter said that the company’s pattern of purchases is […]Cryptopolitan
Mon, Dec 16
The Federal Reserve is at a breaking point – What does the 2025 rate script look like?
Analysts forecast a final interest rate reduction from the Federal Reserve this Wednesday, but the real focus is on whether the central bank will adjust its expectations for 2025. Inflation remains sticky, but the job market is showing resilience, and policymakers are uncertain about the path ahead. Federal Reserve officials are expected to reduce interest […]Cryptopolitan
Mon, Dec 16
Trump’s Silicon Valley advisers wage war against AI censorship
Silicon Valley entrepreneurs, including David Sacks, Elon Musk, and Marc Andreessen, who now advise Trump on technology matters, raised concerns about the threat of AI censorship from Big Tech. The technologists were fairly aligned on the need for rapid development and adoption of ‘truthful’ AI throughout the United States.Cryptopolitan
Mon, Dec 16
What will and should crypto regulation look like under Trump? – Stakeholders weigh in
In just a matter of weeks, Donald Trump is about to be inaugurated as the 47th President of the United States of America. At first glance, after his victory in the November elections, everything appears to be in order in the cryptocurrency industry, but is it? The 2024 US presidential election is widely regarded as […]Cryptopolitan
Mon, Dec 16
