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Crypto Economy Tumbles: Bitcoin Nears $90K as Sell-Off Intensifies

Coins Legend January 10, 2025 0

On Thursday, bitcoin, the leading cryptocurrency, descended to an intraday low of $91,215, reflecting a decline exceeding 3% against the U.S. dollar. The collective valuation of the crypto economy contracted by 2.5% in the past 24 hours, settling at $3.22 trillion. Bitcoin Battles to Stay

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Aptos Adopts Chainlink Standard to Advance Web3 Development

Coins Legend January 10, 2025 0

Aptos, a layer one (L1) blockchain project, has integrated Chainlink data feeds to enhance decentralized application (dapp) development on its platform. Aptos Partners With Chainlink This collaboration provides developers on the Aptos network with access to Chainlink‘s tamper-proof and decentralized data feeds. The integration aims to support the creation of secure and

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Wrapped Bitcoin Derivatives: Concerns Around Lack of Transparency Emerge

Coins Legend January 9, 2025 0

It’s not clear if all derivative assets that require bitcoin as collateral are fully backed as many assume. Is the Bitcoin Derivative Asset Market Built on a House of Cards? Some bitcoin (BTC) derivatives that claim to be fully backed by the cryptocurrency could be on shaky ground, according to a blog post by Bitcoin […]

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Ethereum Price Lags Behind Lightchain AI Presale as the Testnet Launch Draws Near

Coins Legend January 9, 2025 0

PRESS RELEASE. The battle for supremacy in the cryptocurrency market is often marked by innovation, bold ideas, and game-changing technology. But if you’re keeping an eye on Ethereum’s sluggish performance, you might be distracted from one of the most exciting developments in crypto right now—the Lightchain AI presale, now in Stage 12 and rapidly closing […]

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FV Bank Integrates Paypal’s PYUSD Stablecoin for Real-Time Transactions

Coins Legend January 9, 2025 0

FV Bank, a U.S.-licensed digital bank, has announced the integration of Paypal USD (PYUSD), a stablecoin, into its banking platform. This addition expands the bank’s stablecoin offerings, enabling direct deposits and outbound payments for account holders. FV Bank Enables Paypal Stablecoin for Instant Cross-Border Payments FV Bank‘s newly implemented feature allows

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Bitdeer Reports a 3% Drop In Self-Mined Bitcoin Production

Coins Legend January 9, 2025 0

A look at Bitdeer’s operational update revealed a drop in its mining output in Dec. 2024, although its bitcoin holding remains healthy. Bitdeer Repays $10 Million Principal Balance on Senior Notes Despite Drop in BTC Production Bitdeer’s latest mining and operational update showed that its self-mining output in Dec. 2024 was 145 BTC, a 3% […]

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Thai Authorities Seize Nearly 1,000 Bitcoin Miners in Electricity Theft Bust

Coins Legend January 9, 2025 0

Law enforcement in Thailand’s Chon Buri province recently seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity. Modified Meters Used to Aid Electricity Theft On Jan. 8, law enforcement agents in Thailand’s Chon Buri province seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity from

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Rena Labs Secures $3.3M Funding to Pioneer Trustless On-Chain AI Solutions

Coins Legend January 9, 2025 0

PRESS RELEASE. January 9th, 2025 –– Rena Labs, the startup aiming to enable the next generation of autonomous and verifiable AI solutions, has announced the successful closure of a $3.3 million pre-seed funding round led by Paper Ventures. The company attracted investment from a number of high-profile venture capital firms, among them Lightspeed Faction, Eterna […]

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Bit Digital’s Crypto Holdings Increase to 742 BTC and 27,624 ETH

Coins Legend January 9, 2025 0

Despite the decline in BTC mining output, Bit Digital increased its BTC and ETH holdings through diversification in both assets. Strategic Diversification Key to Bit Digital Crypto Holdings Bit Digital, a bitcoin mining firm produced 32.4 BTC in Dec. 2024, a 27.8% drop from the previous month. This is according to the company’s production update […]

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Massive Crypto ETF Exodus: $742M Vanishes Overnight

Coins Legend January 9, 2025 0

Recent data reveals that spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) experienced collective net outflows amounting to $742.24 million. Blackrock, Valkyrie, and Grayscale Among Crypto ETFs Hit by $742M Reduction On Wednesday, U.S.-based bitcoin and ethereum ETFs faced significant reductions, with bitcoin ETFs losing $582.90 million and ether ETFs seeing