Author: Vortex Cryptonews

Canada’s Vancouver to Integrate Bitcoin in City Finances

Vortex Cryptonews

The motion aims to position Vancouver as a “Bitcoin-friendly city”. It highlights the potential benefits of Bitcoin adoption, including protecting the city’s purchasing power from inflation and supporting innovation. Vancouver has a rich crypto history, having introduced the world’s first Bitcoin ATM in 2013, and is home to blockchain startups like Dapper Labs. With Bitcoin price roaring to its new all-time highs above $100K, following ‘s victory last month, Canada’s Vancouver city is now mulling integrating BTC into its finances. Next week on December 11, Mayor Ken Sim will pass…

Bitget COO Calls Regulation Compliance Key to India’s Crypto Growth

Vortex Cryptonews

Vugar Usi Zade from Bitget emphasized that legal clarity is essential for crypto market growth, especially in India. Bitget plans to open a local office in India by the end of 2024 to strengthen compliance. Zade highlighted the importance of KYC protocols and AI tools to ensure user security and prevent fraud. The crypto industry is evolving fast, but staying compliant with regulations is key to unlocking its full potential, especially in India. As the crypto adoption grows, ensuring legal clarity is essential for balancing user protection with market innovation,…

Bitcoin Exchange Reserves Plummets to Lowest in Years as BTC Drops to $95K

Vortex Cryptonews

Bitcoin exchange reserves crashed to multi-year lows. BTC dropped to the $95,000 price level after failing to retain $97,000. Bitcoin reserves on exchanges dropping suggests bullish investor sentiment. Bitcoin reserves on digital asset trading platforms have dropped to their lowest levels in years, data from blockchain analysis platform CryptoQuant confirms. Meanwhile, the market-leading digital asset has failed to retain price action above the $97,000 price level, suggesting a lack of buying pressure for a sustainable rally towards the much-anticipated $100,000 price level. According to CryptoQuant , a massive 171,000 have…

Bitcoin (BTC) Price Attempts Bullish Breakout Catalyzed by Rising Demand from Whale Investors

Vortex Cryptonews

Bitcoin price is trading at a crucial crossroads that could either lead to a rally towards $200K or a retrace towards $85K. The supply of Bitcoin on centralized exchanges has shrunk exponentially in the past year amid speculation of mainstream adoption by nation-states. After teasing below $95K earlier this week, Bitcoin price surged more than 5 percent in the past 24 hours to trade about $101K on Thursday, December 12, during the mid-London session. The flagship coin retested the highest daily close of about $101,961, signaling a potential bullish breakout…

Binance Welcomes Vana (VANA) as 62nd Project on Launchpool

Vortex Cryptonews

Binance has added Vana (VANA) to its Launchpool, allowing users to farm the token before its market debut on December 16. Starting December 14, users can participate in the Launchpool by locking their BNB or FDUSD to earn VANA tokens ahead of launch. VANA trading pairs will include popular options like USDT, BNB, and FDUSD. Leading global cryptocurrency exchange announced on Friday the addition of Vana (VANA), a Layer 1 blockchain project focused on securing users’ data, to its Launchpool program. This initiative allows users to farm the token before…

Blockchain Infrastructure Provider Orbs Pushes THENA to New Heights Following $600,000 Investment

Vortex Cryptonews

Orbs invested $600,000 in THENA in late 2023, helping the decentralized exchange achieve significant milestones including a Binance listing in November 2024. Orbs also provided THENA with advanced tools like dTWAP, dLIMIT, Liquidity Hub, and Perpetual Hub to enhance trading and liquidity management. Layer-3 blockchain infrastructure provider Orbs announced Friday that it played a significant role in transforming the fortunes of THENA, a decentralized exchange (DEX) based on the BNB Chain (BEP-20). With a $600,000 investment in late 2023, coupled with advanced trading technologies and strategic collaborations, Orbs said it…

Bank of England’s PRA Seeks Crypto Asset Disclosures to Shape Regulatory Policies

Vortex Cryptonews

The PRA is gathering data to shape crypto regulations and ensure financial stability. The financial watchdog has requested firms to provide detailed information on their use of the Basel framework for crypto assets. Firms have until March 2025 to submit their crypto asset disclosures. The Prudential Regulation Authority (PRA), a division of the , has asked firms to disclose their current and future crypto assets, including tokenized assets and stablecoins. The financial watchdog announced this in a released to the public on December 12, asking firms to provide detailed information…

Can Google’s Willow Quantum Chip End Bitcoin’s Reign?

Vortex Cryptonews

Alphabet’s Google has unveiled Willow, its quantum chip. Willow has a capability that can make it outpace the most powerful supercomputers. Bitcoiners are debating whether this can impact the cryptocurrency’s integrity. Top technology firm (NASDAQ: GOOGL), through its subsidiary Google, has Willow, its latest quantum chip. Many believe Willow might be the end of Bitcoin , considering its potential. Willow Comes with a New Speed Standard ‘s Willow is a very powerful quantum supercomputer capable of performing certain computational tasks that will ordinarily take classical supercomputers 10 septillion years, just…

Circle Lays Off Employees amid Market Surge: Set to Invest in Growth

Vortex Cryptonews

Circle has reduced its workforce amid its plans to go for an IPO in the United States. Circle is focused on global expansion and its core businesses. Prominent digital asset payments firm , which is also the issuer of the second-largest stablecoin by market capitalization USDC has laid off employees. The revelation comes amid a surge in the price of Bitcoin , claiming a historical price of $100,000, and the broader crypto market hitting a market cap of $3.69 trillion. According to a from Bloomberg on Thursday, December 5, citing…

Chainlink Rally Targets $30 Breakout as Whales Holding Doubles

Vortex Cryptonews

Whale holdings surged by $5.84 billion in 7 days, bringing total whale assets to $19.61 billion, up 101.97% over the past month. The rounding bottom breakout positions Chainlink between the 61.80% and 78.60% Fibonacci levels, with targets at $31.91 and $50. Chainlink adoption has grown with seven new integrations and has played a role in Brazil’s CBDC project. . With a market cap of $16.16 billion, the Chainlink price sustains dominance above the crucial $25 support. At press time, the LINK token is trading at a rate of $26.02, with a…