ORDI News

Update Jan.19, 6:50 am: This article has been updated to include a statement from Matt Poblocki. Crypto exchange Binance has reintroduced direct bank transfers in Australia two years after the exchange was abruptly “cut off” from the Australian banking system.  As of last Friday, Binance Australia has direct fiat bank and PayID deposits and withdrawals…

Michael Saylor’s Strategy has bought 14,910 Bitcoin since the start of the year, with the firm now holding over 687,000 Bitcoin. Strategy chairman Michael Saylor has hinted at another major Bitcoin buy after adding $1.25 billion worth of the cryptocurrency to its holdings just last week. In an X on Saturday, Saylor shared a screenshot…

The Bitcoin hashrate has slipped below 1 zetahash per second for the first time in four months despite a recent improvement in miner profitability. The Bitcoin network hashrate has fallen under 1,000 exahash per second (EH/s) for the first time since mid-September, with one analyst tipping the decline to continued interest in AI.  The Bitcoin…

Imagine you’ve just gotten off a 16-hour flight. You’re red-eyed and irritable, but you need to shift some crypto funds in a hurry. The SIM-card shops are closed, so you use the provided “free airport WiFi” to get connected.  Hours later, your crypto has shifted to an unidentified wallet. Unfortunately, you may have been hit…

Bitcoin futures open interest (OI) — a measure of derivative market participation — has gained almost 13% from the start of the year, which analysts say could reflect more risk appetite for crypto.  The increase follows a sharp deleveraging phase from October through December, when Bitcoin derivatives exposure fell alongside a broad market correction. Bitcoin…

The expanded prohibition on stablecoin yield in the CLARITY Act makes the US dollar less competitive than the Digital Yuan, Scaramucci said. The prohibition on yield-bearing stablecoins in the CLARITY Act puts the US dollar at a competitive disadvantage to China’s Digital Yuan, a yield-bearing central bank digital currency, according to Anthony Scaramucci, founder of…

Nearly four out of five crypto projects that suffer a major hack never fully regain their footing, according to Mitchell Amador, CEO of Web3 security platform Immunefi. Amador told Cointelegraph that most protocols enter a state of paralysis the moment an exploit is discovered. “Most protocols are fundamentally unaware of the extent to which they…

Moving value across blockchains is now largely mediated by a small group of centralized intermediaries despite crypto’s . Michael Steuer, president and chief technology officer of Casper Network, framed this dynamic as a structural outcome of the industry’s approach to interoperability and user experience. With a background spanning mobile gaming, enterprise software and early blockchain…

Overregulation of the crypto industry would negatively impact markets and gut decentralized finance (DeFi), according to Michaël van de Poppe. The failure of the CLARITY crypto market structure bill to advance in the United States Congress is positive for crypto markets and the industry, according to market analyst Michaël van de Poppe.  Van De Poppe…

China-led cross-border digital currency platform mBridge has processed more than $55 billion in transactions as efforts to build payment rails that operate outside traditional dollar-based systems find momentum. Project mBridge, a multi- platform, has now settled over 4,000 cross-border transactions with a cumulative value of roughly $55.5 billion, according to data by the Washington-based Atlantic…