Author: Crypto Insider

Bitcoin hit a new all-time high of over $75,000 on Nov. 6, well above its previous $73,800 high in March as traders piled into crypto with early results from the United States elections putting Donald Trump ahead. At the start of the New York open, Bitcoin initially showed strength, rallying in excess of 3% to…

A swathe of traditional finance and crypto companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, have formed a consortium supporting the latest stablecoin pegged to the United States dollar. In a Nov. 5 statement, blockchain infrastructure firm Paxos shared that the new “open network” was designed to accelerate the adoption and use of stablecoins worldwide. “The…

Internet Computer’s cross-chain messaging protocol, Chain Fusion, has seen usage spike 1,230% year-over-year, largely from Bitcoin-native applications, according to a Nov. 4 report by developer The Dfinity Foundation. Bitcoin apps, including Rainbow Protocol, Tap Protocol and Bitfinity, are using Internet Computer to deploy smart contracts and other complex programs on the Bitcoin network, Dfinity said….

The approaching new year will be the year of decentralized finance (DeFi) on The Open Network (TON) blockchain, developer TON Foundation has declared. Decentralized exchange Curve Finance joined in to start the process, and TON and Curve held a competition for DeFi teams to develop stable asset swaps using Curve Finance’s proprietary technology. Getting the…

Following claims from the CEO of Moonrock Capital — a crypto-native advisory and investment firm — that Binance demanded 15% of an unnamed prospective project’s total token supply to secure a listing on the centralized exchange, Binance co-founder Yi He responded by denying the claims and clarifying Binance’s listing policies. According to Binance’s co-founder, the company…

Wall Street investors are still largely unaware of Ethereum’s potential, similar to Amazon in the early 1990s before it became a $2 trillion tech giant, according to a research analyst at crypto asset manager 21Shares. Spot Ether exchange-traded funds launched in July but have seen relatively small inflows compared with spot Bitcoin ETFs. Leena ElDeeb,…