Day: January 10, 2025

Bitcoin retreats to $92,5K as strong US jobs data reverses 12-hour gains

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Key Takeaways Bitcoin’s price fell to $92.5K following stronger-than-expected US jobs data. The broader crypto market also declined, erasing a 12-hour rally. Share this article Bitcoin erased its 12-hour rally on Friday, retreating to $92.5K in the immediate aftermath of stronger-than-expected US jobs data. The largest crypto asset by market cap printed 14 consecutive hourly green candles earlier in the day, climbing 3.5% from just below $92,000 to $95,000. However, the release of robust economic data reversed the trend, pulling Bitcoin and the broader crypto market into the red. The…

XRP Poised For A $9 Breakout? Analyst Highlights Strong Signals

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Although the cryptocurrency sector is notoriously unstable, several analysts see hopeful signs for XRP. The Great Mattsby, a seasoned market analyst, is one of those who predict a significant gain in XRP. His most recent analysis focuses on a good chart pattern that indicates a possible rise to $9. XRP Stability In The Face Of Market Fluctuations The current state of XRP is of great interest to the cryptocurrency community. Regardless, despite the market’s recent troubles, the digital asset has remained relatively robust. The price of XRP is $2.31 as…

Pieter Wuille and Gregory Maxwell Receive The Finney Freedom Prize

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The Human Rights Foundation, in collaboration with the Finney family, has awarded Pieter Wuille and Gregory Maxwell the prestigious Finney Freedom Prize for their groundbreaking contributions to Bitcoin usability, scalability, and privacy. The prize recognises their work during the 2012-2016 era, corresponding to Bitcoin’s block height of 210,000 to 420,000. The Finney Freedom Prize honours individuals who advance the computer as a tool for protecting individual freedoms worldwide, following in the footsteps of Bitcoin pioneer Hal Finney, who was the first recipient of the award. An independent committee selected Wuille…

Kenya set to legalize crypto, says Finance Minister John Mbadi

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Key Takeaways Kenya is set to legalize cryptocurrencies, as announced by Treasury Cabinet Secretary John Mbadi. This planned legislation is aimed at creating a regulated environment for cryptocurrencies and Virtual Asset Service Providers, while mitigating risks including money laundering and fraud. Share this article Kenya plans to legalize crypto assets, shifting away from its previous ban as the country recognizes their widespread use and potential benefits, said Kenya’s Treasury Cabinet Secretary John Mbadi in a Jan. 10 statement, first reported by The Standard. “Kenya’s financial sector is a beacon of…