NewsRoom Articles - CryptoCurrencyWire

FridayJan 17, 2025 8:00 am

Bitcoin ATMs Increase in Number as Crypto Surges

Bitcoin (BTC) ATMs are becoming increasingly common globally—rising by 6 percent in 2024. This growth highlights the growing acceptance of crypto in mainstream finance. The machines simplify the process of buying and selling digital currencies, making crypto more accessible for everyday use. The world’s first BTC ATM was introduced in 2013 in Canada. Since then, the number of these ATMs has soared to more than 37,500 across 70+ nations. According to Finbold, 2024 saw notable growth, with a 6 percent rise in the total number of BTC ATMs. The United States continues to dominate the market, accounting for over 81%…

ThursdayJan 16, 2025 8:00 am

NYDIG Warns That Trump’s Promises to the Crypto Industry Could Take Time to Implement

Donald Trump’s upcoming inauguration marks the beginning of his presidency, and with it, he has pledged significant changes to cryptocurrency regulations. However, the New York Digital Investment Group (NYDIG) suggests that such reforms might not happen immediately. Greg Cipolaro, NYDIG’s head of research, expressed caution in a recent research note, indicating that crypto policy updates are unlikely to occur right after Trump assumes office on January 20. Cipolaro pointed out that while the transition to the new administration brings hope for action on campaign promises, some measures may require more time to implement. He noted that critical roles still need…

TuesdayJan 14, 2025 8:00 am

How Crypto Investing Has Changed Since the Authorization of Spot Bitcoin ETFs

Bitcoin spot ETFs have significantly changed how investors perceive crypto investments since their debut on January 11 last year. The introduction of these funds not only expanded access to the market but also contributed to a dramatic surge in Bitcoin’s value, driving it to unprecedented levels as billions of dollars flowed into the funds. Let’s take a closer look at how they’ve impacted the market since their debut. Simplified Bitcoin investing Bitcoin spot ETFs have made crypto investing more straightforward and accessible. Traditionally, purchasing Bitcoin required setting up a crypto wallet and buying the asset on a crypto exchange. With…

FridayJan 10, 2025 8:00 am

Documents Reveal US Regulators Only Warned Banks About Crypto, Didn’t Issue Hands-Off Order

Recently released documents show that the Federal Deposit Insurance Corporation (FDIC) advised financial institutions to temporarily halt direct involvement in cryptocurrency activities but didn’t mandate the cessation of banking services to crypto firms, contrary to claims of nationwide “debanking” within the industry. A court had ordered the banking regulator to provide partially redacted copies of supervisory pause notices sent to undisclosed banks. This followed a lawsuit by History Associates Incorporated, a research group hired by Coinbase, demanding the agency release these communications. Although the FDIC initially released the notices in December, a judge later required additional revisions to make the…

TuesdayJan 07, 2025 8:00 am

VanEck’s Top 10 Predictions for Crypto in 2025

VanEck Senior Investment Analyst Patrick Bush and Head of Digital Asset Research Matthew Sigel have shared their top ten predictions for the 2025 cryptocurrency industry. Here’s an overview of their insights: Crypto market bull run to hit two peaks The ongoing bull market is expected to continue into 2025, with a peak anticipated in Q1. The analysts forecast that Bitcoin will reach around $180,000, while Ethereum may climb to over $6,000. A market pullback of 30% for Bitcoin and up to 60% for altcoins is likely during the summer months, followed by a resurgence in the fall. By the end…

FridayJan 03, 2025 8:00 am

Factors That Could Shape Crypto’s Trajectory in 2025

The cryptocurrency market experienced a groundbreaking year, with significant developments propelling its growth. In January, the launch of numerous spot Bitcoin ETFs marked the beginning of a rally, simplifying access for Bitcoin trading. By September, central bank rate cuts and other measures further supported the rally, creating favorable conditions for economic expansion. However, one of the most impactful events for the sector was Donald Trump’s victory. During his campaign, Trump voiced strong support for cryptocurrencies and has since appointed several crypto advocates to key roles in his administration, such as Paul Atkins as the new chair of the SEC. These…

ThursdayJan 02, 2025 8:00 am

Biden Admin Finalizes Regulations Granting IRS Full Oversight Over Crypto Transactions

The IRS and the U.S. Treasury Department have completed a comprehensive set of regulations targeting brokers involved in virtual asset transactions. The new rules, set to appear in the Federal Register on December 30, impose significant reporting obligations on brokers, including some decentralized finance (DeFi) platforms. Brokers are required by the legislation to keep an eye on and report user activity, including transactions involving assets such as stablecoins and non-fungible tokens (NFTs). The alterations were brought to light on X by Bill Hughes, a senior counsel and an influential voice in the cryptocurrency industry. He remarked, “The IRS and Treasury…

FridayDec 27, 2024 8:00 am

Banks and Governments Want in as Bitcoin’s Value Soars

Bitcoin has emerged as one of the highest-performing assets in recent history. Over the last decade, its value has skyrocketed by approximately 1,000 times, significantly outpacing traditional investments like real estate and stocks. Recently, Bitcoin surged to a new record high of $107,000, fueled partly by the crypto-friendly stance of U.S. President-elect Donald Trump. The Republican leader has expressed plans to establish a strategic Bitcoin reserve, further boosting the crypto’s momentum. Bitcoin’s foundation lies in blockchain technology, a digital ledger that records transactions across a distributed network. This innovation enables individuals to conduct financial transactions without relying on banks or…

ThursdayDec 26, 2024 8:00 am

Hackers from North Korea Executed Crypto Heists Worth $1.3bn This Year

Crypto theft has reached an alarming $2.2 billion this year, with over half of that amount attributed to hackers from North Korea, according to a recent Chainanalysis report. Cybercriminals linked to North Korea were responsible for $1.3 billion worth of stolen digital assets across 47 separate incidents. This figure more than doubles the amount stolen by the same groups last year, accounting for 61% of the total crypto thefts in 2024. Despite the increase, the amount remains lower than what was reported in 2021 and 2022. Last year, North Korean hackers stole around $660 million through 20 different attacks. Most…

FridayDec 20, 2024 8:00 am

India Calls for the Creation of Global Crypto Regulations

The Indian government recently revealed to the Lok Sabha (lower house of Parliament) that there is no set timeline for introducing comprehensive regulatory guidelines for digital assets. The statement follows questions from two Members of Parliament regarding the actions to establish a structured framework for regulating these assets and an expected timeline for implementing such policies. In its response, the government highlighted ongoing consultations with both industry stakeholders and international organizations. The discussions conducted informally and formally underscore the belief that effective regulation of virtual digital assets (VDAs) requires global cooperation. The government emphasized that without a coordinated international effort,…