Crypto

The move came as bitcoin briefly rose over $70,000 in U.S. morning hours, reversing Thursday's sharp declines ahead of the weekend.

The latest announcement from the People's Bank of China follows months of flip-flopping on privately issued yuan-pegged stablecoins. The People’s Bank of China (PBOC), the country’s central bank, and seven Chinese regulatory agencies published a joint statement on Friday banning the unapproved issuance of Renminbi-pegged stablecoins and tokenized real-world assets (RWAs). The ban applies to both domestic and foreign stablecoin and tokenized RWA issuers, according to the statement, which was also signed by the Ministry of Industry and Information Technology and China’s Securities Regulatory Commission. A translation of the announcement said: Winston Ma, an adjunct professor at New York University (NYU) Law School and former Managing Director of CIC, China's sovereign wealth fund, told Cointelegraph that the ban extends to the onshore and offshore versions of China’s Renminbi, also called the yuan.   “The Beijing crypto ban rule applies across all RMB-related markets, whether CNH or CNY,” he said. CNH is the of...

Big Tech companies' planned $500 billion war chest to dominate artificial intelligence could offer a lifeline to a Bitcoin mining industry teetering on the edge of capitulation. The headline numbers are eye-watering. Alphabet, Google’s parent, alone plans to spend as much as $185 billion this year. However, the capital surge will involve more than buying […] The post Bitcoin miners have the one thing AI still needs and Big Tech has $500 billion to buy it appeared first on CryptoSlate.

Bitwise’s Head of Europe argues that gold offers a cushion when markets fall, while Bitcoin boosts portfolios during rebounds.

Crypto’s “wild west” era for companies is ending as DATs enter a new phase of normalcy, says AVAX One's Jolie Kahn.

The 12-month buyback authorization comes as Galaxy’s shares and other crypto-linked stocks have declined alongside Bitcoin. Galaxy Digital Inc. (Nasdaq: GLXY) has authorized a share repurchase program of up to $200 million, allowing the company to buy back its Class A common stock over the next 12 months. According to a company announcement, the repurchases may be conducted on the open market or through privately negotiated transactions, including under Rule 10b5-1 trading plans, and remain subject to applicable securities laws and exchange rules. The program does not obligate Galaxy to repurchase any shares and may be suspended or discontinued at any time. The buyback program has a term of 12 months and, if conducted on the Toronto Stock Exchange, remains subject to regulatory approval under a normal course issuer bid. Purchases made on Nasdaq would be capped at 5% of Galaxy’s outstanding shares at the start of the program, according to the announcement. Read more

The numbers weren't pretty, but the fourth-quarter loss does not signal a cash crunch or the necessity of bitcoin sales, say analysts.

Amid the market uncertainty, Bitcoin shed over 20% in the past week alone.

Chinese regulators have locked in a sweeping crypto clampdown, banning unapproved yuan-linked stablecoins and curbing tokenized assets.

Noted tech investor Cathie Wood's Ark Invest dumped shares in Coinbase on Thursday amid Bitcoin's slide to nearly $60,000.

An internal reward distribution mistake briefly sent bitcoin prices sharply lower on South Korea’s Bithumb exchange after users were mistakenly credited with large phantom balances.

The set of new rules reaffirm China’s hardline stance on crypto and impose restrictions on tokenized real-world assets and overseas issuance of yuan stablecoins.

The crypto asset manager argued that while the current drawdown mirrors the anxiety of 2018 and 2022, long-term upside catalysts remain intact.

Bitcoin bear market momentum sparked a record crash below the 200-day simple moving average as analysis expected BTC price "mean reversion" next. Bitcoin (BTC) rebounding is now “highly probable” as BTC price action sets another bearish record. Key points: Bitcoin has never traded so far below its 200-day moving average, data shows. Read more

XMR dropped to $311 and ZEC to $221 over seven days while ZANO declined just 1.4% as Fear & Greed hit 9. Key Notes Monero fell 28.9% and Zcash dropped 33.4% over the past week while ZANO declined just 1.4% Fear & Greed Index fell to 9 on Feb. 6, classified as extreme fear, down […] The post Monero and Zcash Fall Over 28% in Past Week, but Privacy Peer ZANO Holds Steady appeared first on CryptoSlate.

Bitcoin has a way of turning numbers into memories. You remember the first time it ripped through a round number, $10k, $20k, $100k, you remember the mood shift when it stops rewarding optimism, you remember the quiet weeks when every bounce feels like a trap, and the loud ones when it feels like the floor […] The post Why I’m bullish when my $49k Bitcoin prediction is playing out as BTC closes in on major BUY ZONE appeared first on CryptoSlate.

Extreme capitulation metrics are now matching levels seen only at major cycle lows.

Is XRP's recovery sustainable or is this just a dead cat bounce?

Strategy, MARA Holdings and Galaxy Digital are among crypto-related stocks posting double-digit percentage gains early Friday.

Ether price still risks declining toward the $1,000-$1,400 range, according to a confluence of bearish technical and onchain indicators. Ether (ETH) has fallen by 30% over the past seven days, sliding to $1,900 from $2,800. The drop was accompanied by a sharp decline in futures activity, with Ether’s open interest falling by more than $15 billion over the same period. Analysts are now focusing on the long-term technical zones and onchain indicators that may signal a major turning point for ETH price. Key takeaways: Read more