Bitcoin market cap drops below $1 trillion as price retreats under $51k

Bitcoin’s price retreated below $51,000 to retest critical support levels on Feb. 17 despite holding strong after stronger-than-expected CPI data over the past few days. The flagship crypto was trading at $50,856... Read more »

Spot Bitcoin ETFs reach $37B in AUM, roughly one-third of gold ETF assets

US-based spot Bitcoin ETFs have accumulated close to $37 billion in assets under management (AUM) within the first 25 days of trading, according to market data. Incidentally, the total AUM of Bitcoin... Read more »

Erik Voorhees advises Apple to tap into Bitcoin to ‘make a billion dollars instantly”

Several crypto stakeholders have advised Apple, the iPhone maker, to invest in Bitcoin. In a Feb. 16 post on the social media platform X (formerly Twitter), Shapeshift CEO and founder Erik Voorhees... Read more »

Coinbase saw $3.1 billion of revenue in 2023, with one-third of that total in Q4

Major US crypto exchange Coinbase published its latest financial report on Feb. 15, including fourth-quarter and full-year results for 2023. For Q4 2023, Coinbase reported a net income of $273 million and... Read more »

Tokenized real world assets (RWA) redefined as personal property in landmark Iowa digital asset bill

A seemingly progressive digital asset bill has been approved by the Judiciary Committee in Iowa, introducing significant amendments to the Uniform Commercial Code, explicitly aiming to integrate digital assets and electronic records... Read more »

Treasury official confirms crypto makes up ‘small fraction’ of Hamas’ fundraising

Brian Nelson, Undersecretary for Terrorism and Financial Intelligence at the US Department of the Treasury, provided critical testimony to Congress on Feb. 14, challenging widely held beliefs about the role of crypto... Read more »

Oreo parent company Mondelēz International joins Hedera Council to drive DLT adoption

Mondelēz International, the global food and snacking powerhouse behind iconic brands such as Oreo, Cadbury, and Toblerone, has officially joined the Hedera Council, according to a Feb. 14 press release. Under the... Read more »

Bitcoin’s risk-adjusted return potential skyrockets as Sharpe Signal surges

On Jan. 26, Glassnode’s Sharpe Signal hit its lowest level since March 2020. It dropped to 0.2531 from a high of 0.7042 on Jan. 10. However, by Feb. 11, as Bitcoin’s price... Read more »

Bitcoin retreats below $49k as CPI release dashes hope of rate cuts

Bitcoin (BTC) price saw a significant pullback, erasing gains from Monday as investors recalibrated their expectations for the Federal Reserve’s monetary policy following the release of January Consumer Price Index (CPI) data.... Read more »

Philippines to launch CBDC within 2 years to counter rising crypto use

The Philippines central bank, or Bangko Sentral ng Pilipinas, is preparing to launch a Central Bank Digital Currency (CBDC) in the next two years to counter the rising use of crypto in... Read more »