Bitcoin selling for $5K cheaper on Binance Australia as fiat ramp closes

    One Bitcoin can be bought for the equivalent of $22,000 on Binance Australia if paying with Australian dollars. The problem is getting it there. Bitcoin is trading hands at a hefty discount on the Australian branch of the Binance crypto exchange, with the price of Bitcoin down as much as 21% if traded against the Australian…

    Tether market cap eyes record high after regaining 65% stablecoin dominance

    The market capitalization of Tether is nearly a billion dollars away from reaching a new lifetime peak while rival stablecoins struggle. Tether has emerged as a clear winner amid the ongoing banking crisis and crypto crackdown in the United States. On April 17, the U.S. dollar-pegged stablecoin’s circulating market valuation reached nearly $81 billion, just 1.5% below…

    Binance CEO: Crypto industry will probably move to non-dollar stablecoins

    Changpeng Zhao, also known as “CZ,” says that the industry may start to use stablecoins pegged to the euro, yen, or Singapore dollar, following recent actions against the U.S. dollar-pegged stablecoin BUSD. The crypto industry will “probably” start using euro, yen, or Singapore dollar-based stablecoins in the future, reducing its reliance on United States dollar-based stablecoins, according…

    Bitcoin mining revenue jumps up 50% to $23M in one month

    As Bitcoin remains well-positioned for a steady recovery, the mining industry witnessed a 50% growth in revenue in terms of U.S. dollars. As Bitcoin shows a minor bull run, the connected mining ecosystems’ year-long struggle for survival has started to pay off. In the first month of 2023, the Bitcoin mining community experienced a 50% increase in revenue…

    Why is the crypto market up today?

    The crypto market is up today, reflecting market participants’ expectations that inflation is cooling after positive economic data. The crypto market is up today and Bitcoin, Ether, Solana and numerous altcoins rallied after data published by the Institute for Supply Management (ISM) on Jan. 4 which showed slower demand and lower input prices for manufactures which…

    5 reasons why Bitcoin is a better long-term investment than gold

    Crypto advocates often refer to Bitcoin as “digital gold,” but how does BTC stack up against gold as a long-term investment? — a study compiled by Jordan Finneseth of Cointelegraph. The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect…