Crypto News

The bitcoin (BTC) bull market has further to run, and the world's largest cryptocurrency is expected to punch through the $100,000 level in the near term, Galaxy Research said in a note on Tuesday.Galaxy said bitcoin will continue to rise for several reasons. Increasing institutional and corporate adoption, the potential for the creation of bitcoin nation-state reserves, and a new pro-crypto U.S. administration all point to a move higher in the near and medium term, the report said.It may not be all plain sailing, as "there could even be some twilight regulatory or law enforcement actions from the outgoing Biden administration that jitter markets," wrote Alex Thorn, head of research at Galaxy.Still, the bitcoin setup over the next two years...

90% of Art Blocks pieces will now be viewable on Ethereum in perpetuity, without the backend support of the company.Source link

Stablecoin issuing giant Tether is closing down its euro stablecoin, EURT."After careful consideration, we have made the decision to discontinue support for EUR₮," the firm said in a press release on Wednesday. Users will be able to redeem tokens until Nov. 27, 2025, the post added.The decision comes as digital asset businesses operating in the EU are in crunch time before region-wide regulations, known as MiCA, enter into full force by the end of this year.MiCA requires stablecoin issuers to get compliant or potentially retreat from the market of 450 million consumers. Tether CEO Paolo Ardoino has been a vocal critic of the new rules and the company has not obtained the necessary Electronic Money Institution (EMI) license to operate...

Held in Malta, the awards bring together artists and NFT pioneers to celebrate the “fusion of creativity and intellect” in the space.Source link

Tether announces its strategic decision to discontinue EUR₮ support, focusing on launching MiCAR-compliant stablecoins and enhancing community-driven support. (Read More)Source link