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Bitcoin Taproot Wizards Secures $7.5M Funding from Standard Crypto

The Taproot Wizards project, known for its Bitcoin Ordinals initiative, has successfully raised $7.5 million in funding, led by venture capital firm Standard Crypto. Founded by Udi Wertheimer and Eric Wall, Taproot Wizards is inspired by a classic Bitcoin wizard meme that circulated on Reddit over 10 years ago. The project aims to reshape perceptions…

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Thai Bank Acquires 97% Stake in Bitcoin and Crypto Exchange

In a strategic move that solidifies its presence in the cryptocurrency sector, Thailand’s Kasikorn Bank has announced the acquisition of a 97% stake in Satang Corporation Company Limited, the parent company of the Satang cryptocurrency exchange. The deal, valued at 3,705 million Thai baht ($102.8 million), was carried out through a newly formed subsidiary of…

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X plans to launch payment service in 2024

The richest man in the world, Elon Musk, again discussed his plans to transform X (formerly Twitter) into a full-fledged financial platform, setting a timeline until the end of 2024 to achieve this goal. This has led many in the crypto community, specifically the DOGE community, to speculate about what this move could mean for…

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Ten decentralized finance protocols govern over 52% of WBTC in circulation

As of October 22, 2023, there are 79,839 individual wallets containing WBTC, a token pegged 1:1 to Bitcoin (BTC). WBTC tokens in circulation total 163,006, valuing the project at $4.88 billion. Since December 17, 2022, there has been a 12.31% reduction in the circulating supply of WBTC, from 185,909 WBTC to the current 163,006 WBTC….

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Bitcoin (BTC) Price Surpasses $30,000 as Dominance Returns to Multi-Year High

Bitcoin (BTC) price has retested the $30,000 price level following its sustained resurgence the previous week. Bitcoin is trading at a market capitalization of $30,135, up 1.47% at the time of writing. This growth highlights the performance of the main currency in the following week period, in which it jumped 11.91%. Bitcoin dominance hits 3-year…

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Ethereum Spot ETF Guaranteed If Bitcoin Approved

While all eyes are on the bitcoin spot ETF, Invesco and Galaxy Digital have amended their application for an ethereum spot ETF. The ETFs were first introduced in September, joining ARK Invest, VanEck, Grayscale and Hashdex, but were modified following the approval of Ethereum futures ETFs. The decision earlier this month by the Security and…

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More than 100 Binance accounts closed by Israeli authorities on suspicion of facilitating Hamas financing

Binance, the world’s leading cryptocurrency exchange, has reportedly closed more than 100 accounts in response to the deadly Hamas attack on Israel earlier this month. According to a recent Financial Times report, which cited “people directly familiar with Israeli police actions,” Israeli law enforcement agencies ordered shutdowns and confiscated millions of cryptocurrencies in an effort…

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Binance Launches Copy Trading Feature, Allowing Users to Duplicate Strategies of Experienced Traders

Binance has launched a new “copy trade” feature that gives its users the ability to replicate strategies employed by top cryptocurrency futures traders. “Copy traders” can now imitate the real-time futures trading strategies of “lead traders,” according to a new exchange announcement. Copy traders will be able to review the performance metrics of top traders…