Criptor

Outside of today's Presidential Election, the crypto industry is making a significant impact on the 2024 US Senate races by channeling substantial financial support to pro-cryptocurrency candidates, aiming to influence the legislative landscape. In the presidential race, Trump has been the more vocal crypto supporter, while Harris rarely mentioned the industry in her campaign messaging. The Stand With Crypto PAC has consistently tracked politicians' positions on crypto throughout the race so far...

Crypto Slate

6 hours ago

Paxos has joined forces with major industry players to launch the Global Dollar Network, a strategic initiative aimed at accelerating stablecoin adoption worldwide. The partnership, announced on Nov. 5, includes well-known names like Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, and Robinhood. By pooling resources, these partners intend to drive stablecoin adoption and unlock new real-world applications. While these six companies are the initial collaborators, Paxos plans to welcome...

Crypto Slate

8 hours ago

Bitcoin's maturity as a decentralized digital asset has spurred discussions on its role within national reserves, drawing interest from US policymakers. Bitcoin's evolution from an experimental asset to a recognized financial instrument provides new strategic avenues for economic stability, geopolitical resilience, and energy policy. The Bitcoin Policy Institute (BPI) released a comprehensive report on how the US could leverage a Bitcoin reserve to bolster its economic stance, counterbalance adv...

Crypto Slate

9 hours ago

Bitcoin's maturity as a decentralized digital asset has spurred discussions on its role within national reserves, drawing interest from US policymakers. Bitcoin's evolution from an experimental asset to a recognized financial instrument provides new strategic avenues for economic stability, geopolitical resilience, and energy policy. The Bitcoin Policy Institute (BPI) released a comprehensive report on how the US could leverage a Bitcoin reserve to bolster its economic stance, counterbalance adv...

Crypto Slate

9 hours ago

Major asset management firms reported significant outflows in Bitcoin ETFs following over $3 billion in inflows since Oct. 23. On Nov. 1, BlackRock's IBIT showed no change, while Grayscale's GBTC decreased by $5.5 million. By Nov. 4, BlackRock's IBIT registered an inflow of $38.4 million, whereas Grayscale's GBTC saw an outflow of $63.7 million. Companies like Fidelity's FBTC and Ark's ARKB also experienced notable movements. Ark's ARKB decreased by $24.1 million on Nov. 1 and faced an outflow o...

Crypto Slate

10 hours ago

Mt. Gox, the defunct crypto exchange, has transferred more than $2 billion worth of Bitcoin into two newly created wallets, according to data from Arkham Intelligence. Data from the blockchain analytics platform shows that Mt. Gox executed this transaction on Nov. 4 at 23:38 UTC. Most of these funds, totaling 30,371 BTC, were directed to an unknown wallet address labeled "1FG2C." About an hour later, around 2000 BTC was transferred to the address "15gNR." Despite these transfers, Mt Gox still ho...

Crypto Slate

10 hours ago

Bitcoin mining difficulty has reached a historic peak, surpassing 100 trillion on the same day as the US elections, signaling an intense landscape for miners. On Nov. 5, Bitcoin's mining difficulty jumped 6.24%, reaching 101.65 trillion at block height 868,896, setting a new all-time record. This marks the 23rd difficulty adjustment of 2024, with 14 of these increases pushing the total difficulty by 40% this year. Bitcoin Mining Difficulty Adjustments (Source: Cloverpool) Alongside this rise, Bi...

Crypto Slate

11 hours ago