NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Crypto Tidbits: Bitcoin Taps $10,000, President Xi Endorses Blockchain, Libra Under Fire

Nick Chong
Nick Chong
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Another week, another round of Crypto Tidbits. What a week for Bitcoin (BTC). Over the past seven days, the cryptocurrency market has incurred massive volatility as Bitcoin has found itself at a crossroads between a resumed macro uptrend and a redux of 2018’s “Crypto Winter.” For now, it seems as though the market is choosing the latter option.

After plunging from $8,000 to $7,300 earlier this week, the leading cryptocurrency shot higher by some $3,000 in a 24-hour period on Friday and Saturday, tapping $10,500 in the process. This marked Bitcoin’s fourth-largest daily move. Ever.

Regardless of the volatility, the industry continued to chug along, so to speak. China’s President, Xi Jinping, announced that he endorses the adoption of blockchain in the most populus nation in the world; Bitmain revealed the “world’s largest” Bitcoin mining facility in Texas; and Mark Zuckerberg of Facebook fame appeared on Capitol Hill to talk Libra amongst other topics.

Related Reading: Crypto Tidbits: Fidelity Expands Bitcoin Ops, Ripple’s XRP Sales Fall, Grayscale Sees Growing Altcoin Demand

Bitcoin & Crypto Tidbits

  • President Xi Endorses Blockchain: According to Chinese state media, President Xi remarked at a committee session on blockchain technologies that he sees the benefits of this industry. According to a rough translation of Xi’s comment, the world leader said that blockchain should be treated as an “important breakthrough” for innovation of “core technologies,” meaning that China must “clarify the main directions, increase investment, focus on a number of key technologies, and accelerate development.” The Chinese president made no mention of Bitcoin, presumably because cryptocurrencies are largely a banned or taboo activity in China.
  • Libra Could be the Western World’s Counter to China: Speaking to the Financial Services Committee in Washington, D.C., Facebook’s Mark Zuckerberg said that his firm’s Libra project could help deter Chinese innovation. The Facebook chief was appearing on the Hill to discuss Libra amongst other topics. Unfortunately for the partners of Libra, the reception was extremely negative, with many Congressmen and Congresswomen bashing the project because of what they see as risks to citizens, corporations, and monetary sovereignty.
  • Mike Novogratz to Launch Bitcoin Funds: Mike Novogratz of Galaxy Digital isn’t taking the recent downturn lying down. Speaking to CNBC in a recent interview, the Wall Street veteran said that his firm, a crypto merchant bank, is looking to launch a Bitcoin fund that will allow investors to easily gain exposure to BTC holdings. “It is just a fund that takes care of custody, takes care of pricing,” Novogratz explained.
  • Bitmain Launches Massive Bitcoin Farm in Texas: Chinese cryptocurrency mining giant Bitmain has launched a massive Bitcoin mining operation in Rockdale, Texas. The farm’s current capacity is 50 megawatt (MW), but Bitmain looks to scale up operations to over 300 MW in the future, thus making it the “world’s largest [farm] for Bitcoin mining.” In a comment, Clinton Brown, Bitmain’s lead project manager for the Texan region, said: “The stable and efficient energy resources in Texas are fundamental to the inevitable scale of growth for the cryptocurrency mining industry.”
  • Opera Launches Bitcoin Payment Support: Revealed in a press release published on Tuesday morning, the Norway-headquartered Opera, the popular desktop and mobile browser developer, has revealed that it has added TRON (TRX) wallet integration into its mobile browser. The web browser’s 350 million users will be able to send and receive TRX directly within Opera, and to access TRON DApps listed on the built-in DApps Store,” the release read. This update also allows Opera users to  make Bitcoin e-commerce payments directly within the application.
  • FinCEN Chief Confirms Crypto Firms Need to be AML-Regulated: Speaking to an audience at a fintech event at the Georgetown University Law Center, Director of the Financial Crimes Enforcement Network (FinCEN) Kenneth Blanco said that cryptocurrency firms are not above AML laws. Firms dealing with digital assets, he remarked, are still subject to the Bank Secrecy Act, “whether you are a stablecoin, centralized, decentralized crypto.” He asserted that this has to be the case due to the potential that individuals on the other side of cryptocurrency transactions might be “dealing in some kind of illicit activity,” be it “opioids or human smuggling.”
  • Bakkt Bitcoin Market Volume Sets New All-Time High: On Friday, as the cryptocurrency market jumped by billions of dollars, Bakkt’s Bitcoin futures suddenly became popular amongst institutional traders. The upstart’s market ended the day with around 1,200 contracts traded, approximately $10 million.
Featured Image from Shutterstock
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Litecoin, Aptos, Polkadot, SUI, chainlink, Stellar

SUI Breakout In The Horizon? Price Eyes $4 Retest As Momentum Builds

SUI nears a crucial resistance level as intuitional momentum continues to grow and the network scores major partnerships. Some analysts...

Rubmar Garcia 1 hour ago

Bitcoin Holds $117,500 On Retail Support While Whales Stay Quiet – Cause For Concern?

Bitcoin (BTC) is holding near $117,500, up about 6.1% over the past two weeks. However, recent data from Binance shows...

Ash Tiwari 2 hours ago

Snorter 代幣 ICO 募資逼近 400 萬美元 生態系統重大升級同步上線

隨著 Telegram 交易機器人Snorter Bot Token (SNORT)預售融資接近 400 萬美元,項目方同步推出了一系列重大生態更新,進一步鞏固其作為 Telegram 機器人賽道強勁...

estherw 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

dogecoin-etf-wall-street-interest-bitcoin-hyper-2025-100x-fomo-token-tw

狗狗幣ETF登場引爆華爾街關注 Bitcoin Hyper成2025年100倍幣FOMO焦點

Mark Mak 58 minutes ago
Bitcoin Price Respects Support Zone

Bitcoin Price Keeps Climbing – Are We Hours Away From a Major Breakout?

Aayush Jindal 1 hour ago
Bitcoin price

Bitcoin Price Forecast: Expert Predicts 70% Chance Of New Highs Within Two Weeks

Ronaldo Marquez 1 hour ago

Premium Sponsors

Press Releases

  • Bitcoin vissza 117 000 USD fölött a kamatcsökkentés után – nyílnak a vásárlási lehetőségek, miközben a Bitcoin Hyper ICO már meghaladta a 16,5 millió USD-t?

    Bitcoin vissza 117 000 USD fölött a kamatcsökkentés...

    4 hours ago
  • Bitcoin vissza 117 000 USD fölött a kamatcsökkentés után – nyílnak a vásárlási lehetőségek, miközben a Bitcoin Hyper ICO már meghaladta a 16,5 millió USD-t?

    Bitcoin späť nad 117 000 USD po znížení sadzieb –...

    4 hours ago
  • Bitcoin vissza 117 000 USD fölött a kamatcsökkentés után – nyílnak a vásárlási lehetőségek, miközben a Bitcoin Hyper ICO már meghaladta a 16,5 millió USD-t?

    Bitcoin späť nad 117 000 USD po znížení sadzieb –...

    4 hours ago
  • 4 tokeny připravené na obrovský růst, které mohou předstihnout Shiba Inu (SHIB) v nadcházejícím býčím trhu

    4 tokeny připravené na obrovský růst, které mohou...

    5 hours ago
  • 4 tokeny gotowe na ogromny wzrost, które mogą wyprzedzić Shiba Inu (SHIB) w następnym rajdzie byków

    4 tokeny gotowe na ogromny wzrost, które mogą wyprzedzić...

    10 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.