Crypto News

Hoth Therapeutics, a publicly-traded biopharmaceutical company, has adopted Bitcoin (BTC) as a treasury asset. The clinical-stage biopharmaceutical company announced on Nov. 20 that its board of directors had approved adding BTC to its balance sheet. In the first step of this significant move, Hoth Therapeutics will buy up to $1 million in Bitcoin, according to details in a press release . Big move as Hoth buys Bitcoin Hoth points to Bitcoin’s traction as an investment asset, global adoption and rising institutional purchase as key to its decision. Bitcoin ETFs and options approval , increased ETF inflows and assets as well as plans for strategic BTC reserves has also buoyed several platforms. The Hoth management team also looked at BTC as a hedge against inflation and store of value as crucial features. “As Bitcoin continues to grow, gaining investor attention and acceptance as a major and primary asset class, we believe that Bitcoin will serve as a strong treasury reserve asset,...

Bitcoin hit a record of more than $94,000 following the launch of options contracts on BlackRock’s IBIT 289,000 contracts were Calls and 65,000 were Puts, meaning investors were bullish on a Bitcoin price rise Joe Constori said the market is bullish that Bitcoin’s price will reach $100,000 by the end of 2024 Options contracts on BlackRock’s iShares Bitcoin Trust (IBIT) saw “unheard-of” notional exposure levels, helping push Bitcoin to a record of over $94,000. Taking to X , Bloomberg ETF analyst James Seyffart, said: “Final tally of $IBIT’s 1st day of options is just shy of $1.9 billion in notional exposure traded via 354k contracts. 289k were Calls & 65k were Puts. That’s a ratio of 4.4:1. These options were almost certainly part of the move to the new #Bitcoin all time highs today.” UPDATE: Final tally of $IBIT 's 1st day of options is just shy of $1.9 billion in notional exposure traded via 354k contracts. 289k were Calls & 65k were Puts. That's a ratio of 4...

Injective’s iAgent SDK enables on-chain AI agents using natural language commands. Users can automate payments, trades, and market analysis with tailored AI agents. iAgent combines AI and blockchain, simplifying tasks for both experts and novices. Injective, a prominent blockchain protocol for finance, has unveiled a groundbreaking software development kit (SDK) called iAgent. This innovative toolkit empowers users to build on-chain AI agents capable of automating blockchain tasks through natural language commands, heralding a new era of AI-driven blockchain interactions. 1/ Today, Injective is officially launching iAgent, a groundbreaking SDK that enables anyone to create their own on-chain AI agent. By leveraging large language models (LLMs) such as OpenAI's ChatGPT, iAgent redefines the possibilities for AI finance 🚀 pic.twitter.com/iMff6dwRhC — Injective 🥷 (@injective) November 19, 2024 Announced at the Injective Summit 2024, iAgent integrates seamlessly with la...

Gemini launches in France after securing DASP registration in January. The launched platform supports 70+ assets, euro deposits, and institutional trading tools. France’s crypto growth and MiCA regulations drive Gemini’s European expansion. Gemini , the renowned cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has officially entered the French market, marking a significant milestone in its European expansion. This move comes nearly a year after the company secured a Digital Asset Service Provider (DASP) registration from France’s regulatory authority, the Autorité des Marchés Financiers (AMF), in January 2024. French Retail and institutional investors can now use Gemini The launch enables French users to deposit, trade, and store over 70 digital assets on both web and mobile platforms. Local payment options, including debit cards, bank transfers, and Apple Pay, are supported for deposits in euros and British pounds, making the platform more accessible to the Fr...

Thumzup will soon pay its gig workers via Bitcoin. The Nasdaq-listed media and marketing firm recently added BTC as a treasury asset. Thumzup, the media marketing company that recently adopted a Bitcoin (BTC) strategy with a $1 million purchase, has announced plans to add crypto payments for gig economy workers. In a Nov. 19 announcement , Thumzup Media Corporation said it planned to soon add Bitcoin to its gig economy workers. The publicly-traded company will offer this option via its Account Specialist Program (ASP). It’s a move that expands on the marketing solutions provider’s businesses that allows its clients to pay cash to fans via Venmo and PayPal. Thumzup is the app that rewards you for being you! Share your authentic self at one of your favorite businesses or brands in a reel or photo, and get paid for it. Learn more: https://t.co/7L87alJRWK $TZUP #SocialMedia #Marketing pic.twitter.com/BrelOoLPGQ — Thumzup Media Corporation (@thumz_up) November 15, 2024 This ...

Trump Media is looking to acquire Bakkt’s crypto trading business amid plans of expanding into the crypto market. Reports says Bakkt’s custody unit is not part of the advanced talks. Donald Trump’s crypto footprint would grow with this deal, given the US president-elect’s recent launch of World Liberty Financial. Trump Media and Technology Group, a media company owned by Donald Trump, is in talks to acquire the crypto trading operations of Bakkt. Bakkt deal for Trump media A report by the Financial Times on Nov. 19 indicated that TMTG, which is the parent company of Trump’s Truth Social, is currently in advanced talks with the crypto platform. Per the Financial Times report, the parties are eyeing a potentially all-stock deal, with Trump Media taking over Bakkt’s business. However, with Bakkt struggling over the past year , the discussions are reportedly looking to exclude the crypto platform’s custody unit. Bakkt’s shares rose amid the news, hitting highs of $29.71 on Monday...

Trump is now considering Kevin Warsh and Marc Rowan for the US Treasury Secretary position Howard Lutnick is reportedly frustrating Trump by spending too much time with him to get himself appointed A person familiar with the situation between Lutnick and Scott Bessent as a “knife fight” President-elect Donald Trump is allegedly reconsidering his options for US Treasury Secretary, pivoting away from pro-crypto choices. Trump is now considering former Federal Reserve governor Kevin Warsh and Wall Street billionaire Marc Rowan, according to a report from the The New York Times . Trump is expected to invite the two to Mar-a-Lago, Trump’s Florida residence, this week following internal conflict over the role. President-elect Trump is having second thoughts about his options for Treasury Secretary and is expected to invite the top candidates to interview with him at Mar-a-Lago. Here are the latest updates. https://t.co/0fHtpa82wN — The New York Times (@nytimes) November 18, 2024 ...