Hybrid L2 BOB Leverages Babylon for Bitcoin Finality

December 20, 2024 Bitcoin.com

Bitcoin

Build on Bitcoin (BOB), a hybrid Layer two (L2) blockchain combining Bitcoin and Ethereum’s features, has integrated with Babylon, a bitcoin (BTC) staking protocol, to achieve Bitcoin-Secured Network (BSN) status. Babylon Collaboration Expands BOB’s Bitcoin Defi Ecosystem According to BOB’s announcement shared with Bitcoin.com News, the partnership marks a significant development in BOB’s roadmap, enhancing […]

Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Bankrupt Cryptopia exchange distributes $225M to hack victims

December 20, 2024 Coin Telegraph

Bankrupt Cryptopia exchange distributes 5M to hack victims

Bankruptcy

Initially owing creditors $4.2 million, Cryptopia’s liquidator Grant Thornton has distributed at least $225 million in crypto to hack victims in December.

Liquidators of the bankrupt cryptocurrency exchange Cryptopia have started distributing millions to users affected by a hack that took place almost six years ago.

Cryptopia’s liquidating firm, Grant Thornton, on Dec. 20 announced the start of distributions to more than 10,000 verified account holders affected by Cryptopia’s hack in 2019.

Over the past two days, verified account holders of Bitcoin (BTC) and Dogecoin (DOGE) received crypto distributions worth at least 400 million New Zealand dollars ($225 million), the liquidator said.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

El Salvador buys 11 BTC only a day after reaching a deal with IMF

December 20, 2024 Coin Telegraph

Bitcoin

El Salvador purchased 11 Bitcoin a day after reaching a $1.4 million IMF loan deal that called for a reduction in public sector engagement in “Bitcoin-related economic activities.”

El Salvador bought $1 million worth of Bitcoin a day after striking a $1.4 billion deal with the International Monetary Fund that stipulated limits on dealing with the cryptocurrency.

The country’s National Bitcoin Office wrote in a Dec. 19 X post that it had “transferred over a million dollars worth of Bitcoin to our Strategic Bitcoin Reserve,” with its website showing it had added 11 Bitcoin (BTC) to its holdings.

The move broke its streak of adding “one Bitcoin per day” that President Nayib Bukele announced in November 2022 and brought the country’s holdings to 5,980.77 BTC, worth about $580 million with BTC trading at around $97,000.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

‘X-Mas Rally Is Still On’: Economist Henrik Zeberg Says Bitcoin Set To Hit New Record High – But There’s a Catch

December 20, 2024 The Daily Hodl

Bitcoin

Economist Henrik Zeberg is leaning bullish on Bitcoin (BTC) amid the flagship crypto asset’s brief dip of nearly 10% earlier this week. Zeberg tells his 170,600 followers on the social media platform X that the anticipated “Christmas rally is still on.” According to the widely followed economist, Bitcoin is primed to rise past the current […]

The post ‘X-Mas Rally Is Still On’: Economist Henrik Zeberg Says Bitcoin Set To Hit New Record High – But There’s a Catch appeared first on The Daily Hodl.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Top Football Prospect to Be Paid in Bitcoin After Cinching College Contract

December 20, 2024 Bitcoin.com

Bitcoin

The 2025 Polynesian Bowl All-Star signed with the University of Southern California and will use payments app Strike to receive a portion of his compensation in bitcoin (BTC). Newly Signed USC Linebacker Opts for Bitcoin Matai Tagoa’i one of the top college football prospects in the country recently signed a “name, image, and likeness” (NIL) […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Morocco to Adopt a Legal Framework for Crypto Assets

December 20, 2024 Bitcoin.com

Bitcoin

Morocco aims to regulate the use of crypto assets without hindering innovation in the crypto ecosystem. Legal Framework for Crypto Nears Adoption in Morocco A legislative framework governing crypto assets in Morocco is almost ready for adoption, according to Abdellatif Jouahri, the governor of Morocco’s central bank, Bank Al-Maghrib (BAM). This framework seeks to promote […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Crypto’s in Multi-Year Bull Market, and the Fed Can’t Stop It, Expert Says

December 20, 2024 Bitcoin.com

Bitcoin

Cryptocurrency will surge ahead in a multi-year bull market, defying Fed-induced volatility as institutional adoption, blockchain innovation, and ETF flows drive unstoppable momentum. Multi-Year Crypto Boom: The Forces Driving Unstoppable Growth Matt Hougan, chief investment officer at Bitwise Asset Management, reinforced his optimistic view on cryptocurrency’s long-term trajectory despite a sharp market downturn following the […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Bitcoin Could Hit $200K in 2025—Analysts See Macro Trends Aligning

December 20, 2024 Bitcoin.com

Bitcoin

Bitcoin’s path to $200,000 in 2025 is fueled by ETFs, institutional demand, and macroeconomic shifts, with analysts warning of volatility amid transformative growth. Bitcoin’s $200K Milestone: Analysts Highlight ETF Power and Adoption Bitfinex analysts have painted a bullish outlook for bitcoin in their latest Alpha report, citing strong institutional demand and the lasting effects of […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Self-Proclaimed Bitcoin Creator Craig Wright Declared in Contempt of Court

December 19, 2024 The Daily Hodl

Bitcoin

A man who claims to be the creator of Bitcoin (BTC) has been declared in contempt of court in the UK. Australian computer scientist Craig Wright has been handed a one-year sentence, suspended for two years, for filing a $1.2 trillion lawsuit against the payments firm Block. The judge says Wright violated a previous court […]

The post Self-Proclaimed Bitcoin Creator Craig Wright Declared in Contempt of Court appeared first on The Daily Hodl.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Craig Wright’s Satoshi Nakamoto Farce Earns Him a Suspended Jail Sentence for Flouting Court Orders

December 19, 2024 Bitcoin.com

Bitcoin

Craig Wright, an Aussie native who’s been loudly claiming he’s the mastermind behind Bitcoin, Satoshi Nakamoto, was handed a 12-month jail sentence, suspended for two years, by a U.K. court for contempt. This decision came down after Wright reportedly ignored a court order that barred him from pushing more legal claims tied to his Bitcoin […]

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