Bitcoin Hits New ATH as Exchanges Prepare to go Mainstream 🤯
What's good fam. 😎
Welcome to another absolutely INSANE crypto news round-up by your favorite portfolio tracker.
So... The king of coins has absolutely demolished its previous all-time high and you know it's not even a big deal, yeah? 😏
So, what's the big deal? Some of those big exchanges are now wanna-be traditional banks, and they're making BIG moves that could change the game forever.
Meanwhile, Pavel Durov just let the coin out of the wallet, revealing some details about a poison attempt on him. So, yeah, it's been that kind of week.
Let’s dig in:
- Bitcoin Hits New All-Time High Price Above $125,000
- Telegram Founder Claims Near-Fatal Poisoning After Refusing Russia’s Demands
- Coinbase Enters US Banking License Bid with Ripple, Circle
- Binance unveils ‘Crypto-as-a-Service’ trading toolkit for banks and brokers
Bitcoin Hits New All-Time High Price Above $125,000
The price of Bitcoin soared to a new record high during Asia trading hours on nearly $50 billion in trading volume over the last 24 hours, per data from CoinGecko. As bullish traders piled in pushing the price upward, almost $100 million in short positions were liquidated in just one hour, according to CoinGlass. More than $200 million in BTC shorts were turned into forced buyers in the last 24 hours. A combination of favorable macroeconomic conditions and surging institutional interest in the digital asset has served Bitcoin well throughout the year, and several analysts recently told Decrypt they expect the appetite for BTC to continue to grow.
Telegram Founder Claims Near-Fatal Poisoning After Refusing Russia’s Demands
Pavel Durov, the founder of Telegram and developer of The Open Network (TON), revealed in a recent interview that he believed he was poisoned in 2018. The incident allegedly occurred during a time of escalating tension between his messaging app and the Russian government. During that period, Telegram refused a demand from Russia’s Federal Security Service for encryption keys, seeking access to messaging data. The country banned the messaging app soon after. In an interview on the Lex Fridman podcast, Durov revealed suffering a poisoning attempt during the spring of 2018. He explained that TON was trying to raise funds for a related project.
Coinbase Enters US Banking License Bid with Ripple, Circle
Coinbase has joined Ripple and Circle in seeking federal oversight to expand their digital asset services by applying for a National Trust Company Charter from the US Office of the Comptroller of the Currency (OCC). The company, which operates one of the largest cryptocurrency exchanges, is currently governed by a patchwork of state licenses, including the BitLicense issued by the New York Department of Financial Services (NYDFS). Adding a national OCC charter to its existing New York licenses would strengthen Coinbase’s custody business and create new product opportunities, such as payments and related services.
Binance unveils ‘Crypto-as-a-Service’ trading toolkit for banks and brokers
Binance announced it is rolling out a white-label service designed to help traditional financial institutions launch crypto trading platforms without needing to build the infrastructure themselves. The offering, branded as Crypto-as-a-Service (CaaS), provides banks, brokerages, and other regulated firms with access to Binance’s spot and futures markets, liquidity pools, custody solutions, and compliance tools. Institutions keep control of their client interfaces and branding while relying on Binance’s backend systems to reduce development costs and regulatory risk.
Other Highlights Worth Mentioning
Abu Dhabi Bans Crypto Mining on Farms, Citing Energy Use - CoinDesk
BNB Hits a New All-Time High As CZ-Linked Tokens Take Off - BeInCrypto
Samsung Adds Coinbase to Wallet App, Giving Millions Easy Crypto Access - 99Bitcoins
$21M in Bitcoin and Other Crypto Stolen From Japanese Miner SBI, Says Blockchain Sleuth - Decrypt
COINIGY FACT OF THE DAY
On this day in 2020, the mobile crypto wallet BRD announced it had reached 6 million users worldwide, citing growth in Latin America and India.
The announcement emphasized that much of the growth was driven by adoption in Latin America and India. At that time, BRD claimed that it was adding about 1 million new users every two months, whereas earlier in its life it had taken over four years to hit 1 million users.
COINIGY MEME OF THE WEEK
