Rumble will use $250 million of the money to support operations and the remainder to fund a tender offer for up to 70 million shares of its common stock at a price of $7.50, according to a Friday evening press release. That $7.50 is the same price per share Tether is paying for its stake. … Read more
Bitcoin is at the biggest discount to its record high since the U.S. election.What to know: Bitcoin (BTC) is currently trading 13% below its record high of around $108,000, the most since President-elect Donald Trump won the U.S. election in early November. Since then, the largest cryptocurrency has spent several periods at 10% below the … Read more
What to know: Crypto Daybook Americas will be on hiatus for two weeks starting Monday. We’ll be back Jan. 7 with your regular wake-up call of what stirred the industry overnight and what’s coming up in the day ahead. Wishing you and yours a wonderful holiday season! You are viewing Crypto Daybook Americas, your new … Read more
A key contrary indicator is flashing green offering hope to BTC bulls anticipating a renewed upswing into six figures. What to know: Bitcoin’s (BTC) post-Fed price drop to $96,000 has activated a crucial contrary indicator that has historically marked the end of price pullbacks. On Wednesday, the Fed cut the benchmark borrowing cost as expected … Read more
Also: ENS picks tech for its L2; Bitcoin’s Runes Get an AMM Welcome to The Protocol, Coin Desk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Marc Hochstein, Coin Desk’s deputy editor-in-chief for features, opinion and standards. Story continues below Don’t miss another story. Subscribe to the The Protocol Newsletter today. See … Read more
The integration allows BOB, a “hybrid L2,” to use Bitcoin as its anchor chain where transactions with assets from other chains can be irreversibly recorded. What to know: BOB, the “hybrid layer-2” network seeking to make Bitcoin the center of the decentralized finance (DeFi) universe, has taken a step toward that goal by integrating with … Read more
U.S. tax changes set for 2025 mean digital asset holders should consider strategies to protect their wealth, say Jeff Verdon, Moishe Pelts and Kyle Lawrence. As 2024 draws to a close, cryptocurrency stands at a turning point. Bitcoin has crossed the $100,000 mark and digital assets have solidified their place in investment portfolios of all … Read more
The banking giant is building a rollup on Ethereum using Zosyn technology developed by Matter Labs. Banking giant Deutsche Bank is building out a layer-2 rollup network on Ethereum with Zosyn technology developed by Matter Labs. Story continues below Don’t miss another story.Subscribe to the The Protocol Newsletter today.See all newsletters Sign me up By … Read more
Short-term BTC puts are in demand after hawkish Fed dented the bullish sentiment in risk assets. What to know: Crypto traders initial worries about a hawkish Fed materialized Wednesday as Chairman Jerome Powell cut interest rates but expressed uncertainty about the speed and extent of future easing. And now the sentiment has deteriorated. Bitcoin’s seven-day call-put skew … Read more
Countries like the Netherlands are preparing for Mica implementation. What to know: ZBD, a payment platform powered by the Bitcoin Lightning network, said the Dutch Authority for the Financial Markets (AFM) approved its application for a European Union MiCA license. When Micas takes effect and the license is granted on Dec. 30, ZBD will be … Read more