Day: March 18, 2025

Access USD Without Selling Your BTC With Bitcoin Backed Loans

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A new lending product from Xapo Bank allows qualifying members to access USD loans using their bitcoin holdings as collateral. This enables bitcoin holders to tap into the fiat value of their assets without having to sell. Xapo Bank, a licensed bank focused on bitcoin services, launched bitcoin-backed lending this week. Eligible members can now take out loans up to $1,000,000 secured against their bitcoin. Once approved, the loan funds are instantly deposited into the member’s bank account. The corresponding bitcoin is held in secure storage by Xapo until repayment.…

Xapo Bank launches Bitcoin-backed USD loans targeting hodlers

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Xapo Bank, a global cryptocurrency-friendly bank headquartered in Gibraltar, is betting on crypto lending revival by launching Bitcoin-backed US dollar loans. Qualifying Xapo Bank clients can now access Bitcoin (BTC) loans of up to $1 million, the firm said in an announcement shared with Cointelegraph on March 18. The new lending product is designed for long-term Bitcoin hodlers who want to access cash while keeping their BTC, Xapo Bank CEO Seamus Rocca told Cointelegraph. “Unlike traditional assets, Bitcoin is an ideal form of collateral — it is borderless, highly liquid,…

Justin Sun hints at TRX integration with Solana

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Key Takeaways Justin Sun plans to integrate TRX with the Solana ecosystem for potential cross-chain compatibility. TRON’s network has seen increased activity, with TRX trading at $0.22, up 5% in the past 24 hours. Share this article Justin Sun, founder of the TRON blockchain, today signaled a potential integration of TRX with the Solana ecosystem. “TRX will be soon on Solana. Ready to buy and collaborate,” Sun wrote on X on Tuesday. The proposed integration could enable cross-chain compatibility between TRON and Solana networks, though specific details of the collaboration…

Bitcoin stalls under $85K— Key BTC price levels to watch ahead of FOMC

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Bitcoin’s (BTC) price failed another attempt at breaking above resistance at $85,000 on March 17. Since March 12, BTC price formed daily candle highs between $84,000 and $85,200, but has been unable to close above $84,600. Bitcoin 1-hour chart. Source: Cointelegraph/TradingView Bitcoin remains in “no man’s land” on the lower time frame (LTF) of the 1-hour chart. This term in trading markets is defined as a price range where movements are characterized by uncertainty, significant risk, and dynamic tension due to external events and conflicting market sentiment. With the Federal…

Dogecoin millionaires are buying dips as DOGE price eyes 30% rally

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Dogecoin (DOGE) price has crashed by over 70% after hitting $0.48 in December 2024. Interestingly, the memecoin’s richest holders have accumulated during the price declines, indicating their confidence in a potential rebound in the coming weeks. Dogecoin onchain metrics hint at price rebound Onchain data from Santiment shows that wallets holding at least 1 million DOGE have increased by 1.24% since early February, despite declining prices. Meanwhile, active addresses have surged to a four-month high, suggesting rising network activity. Dogecoin addresses holding at least a million DOGE vs. price. Source:…

Bitcoin beats global assets post-Trump election, despite BTC correction

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Bitcoin managed to outperform the other major global assets, such as the stock market, equities, treasuries and precious metals, despite the recent crypto market correction coinciding with the two-month debt suspension period in the United States. Bitcoin’s (BTC) price is currently down 23% from its all-time high of over $109,000 recorded on Jan. 20, on the day of US President Donald Trump’s inauguration, Cointelegraph Markets Pro data shows. Despite the recent decline, Bitcoin still outperformed all major global market segments, including the stock market, equities, US treasuries, real estate and…

Whale closes $516M 40x Bitcoin short, pockets $9.4M profit in 8 days

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A Bitcoin whale has closed over half a billion in short positions, betting on Bitcoin price’s decline ahead of the much-awaited Federal Open Market Committee (FOMC) meeting this week. A large crypto investor, or whale, made nearly $10 million profit after closing a 40x leverage short position for 6,210 Bitcoin (BTC) — worth over $516 million — which functions as a de facto bet on Bitcoin’s price fall. Leveraged positions use borrowed money to increase the size of an investment, which can boost the size of both gains and losses,…

The case against Pavel Durov and why it’s important for crypto

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Telegram founder Pavel Durov has been allowed to leave France temporarily, but the preliminary charges against him raise significant questions for the crypto community. On March 13, a French court gave the founder and CEO of the encrypted messaging app Telegram permission to leave for Dubai, where he had previously resided. Durov had been in France since August 2024, when he was arrested at the Le Bourget airport in Paris.  Durov was part of an investigation containing allegations of negligence and complicity in crimes like narcotics trafficking, money laundering, child…

All but 1 US spot Bitcoin ETF in the red this March

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Nearly all United States spot Bitcoin exchange-traded funds (ETFs) had net negative performances in March as analysts expect a bearish Bitcoin trend of up to 12 months.  Farside Investors data showed that spot Bitcoin ETFs struggled in March, with net outflows surpassing their monthly net inflows. Asset manager BlackRock’s iShares Bitcoin Trust ETF (IBIT) suffered the most, with outflows reaching $552 million and inflows of only $84.6 million.  According to the data, Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw outflows of over $517 million and had inflows of only $136.5.…

Microsoft warns of new remote access trojan targeting crypto wallets

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Tech giant Microsoft has discovered a new remote access trojan (RAT) that targets crypto held in 20 cryptocurrency wallet extensions for the Google Chrome browser.  Microsoft’s Incident Response Team said in a March 17 blog post that it first discovered the malware StilachiRAT last November and found it can steal information such as credentials stored in the browser, digital wallet information and data stored in the clipboard.  After deployment, the bad actors can use StilachiRAT to siphon crypto wallet data by scanning device settings to see if any of the…