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PNC Bank Launches Direct Bitcoin Trading for Wealthy Clients via Coinbase Partnership

Cryptonite UAE

PNC Bank has become one of the first major U.S. lenders to offer direct spot bitcoin trading within its existing investment accounts for high-net-worth clients. This move expands a partnership with Coinbase, leveraging Coinbase’s trading and custody infrastructure, but routing the transactions through PNC’s platform. Key Details of the Service: Integration: Clients can buy and … Read more

HBAR at a Crossroads: Big Money Exits, But One Bullish Signal Remains

Cryptonite UAE

The cryptocurrency HBAR (Hedera) is facing significant downside risk after dropping nearly 2% in 24 hours and 10% for the week, breaking short-term supports. It is currently hovering around $0.12, a crucial level. Bearish Pressure from Large Holders The primary concern is the behavior of large HBAR holders, who appear to be exiting the asset. … Read more

Stablecoin Market Hits Record $310 Billion, Driven by Non-Yielding Coins

Cryptonite UAE

The overall stablecoin market reached a new all-time high of $310.117 billion on Saturday, December 13th, demonstrating massive growth of 52.1% over the past year (up from $203.728 billion). Market Leaders and Recent Growth The current market capitalization is approximately $309.911 billion. Tether (USDT) remains dominant with a market cap of $186.242 billion (60.10% dominance). … Read more

North Korean Hackers Use “Fake Meeting” Long-Con to Steal $300M from Crypto Executives

Cryptonite UAE

North Korean cybercriminals have executed a sophisticated “long-con” social engineering campaign, netting over $300 million by impersonating trusted industry figures in fake video meetings, according to security researcher Taylor Monahan (Tayvano) of MetaMask. Key Attack Components The strategy deviates from recent AI deepfake attacks, instead relying on a more low-tech, psychological approach: Hijacked Accounts: The … Read more

Bitcoin at a Crossroads: Key US & BOJ Data to Drive $90K Price Action

Cryptonite UAE

Bitcoin (BTC) is entering a highly turbulent week, consolidating around the $90,000 level as key US economic data and a potential Bank of Japan (BOJ) rate hike loom. Analysts are sharply divided, with market expectations setting the stage for significant price swings. 🇺🇸 US Economic Data: The Fed Policy Litmus Test Three major US releases … Read more

Crypto Leaders Flock to Abu Dhabi Seeking Sovereign Wealth Boost Amid Market Slump

Cryptonite UAE

Major cryptocurrency industry figures recently convened in Abu Dhabi, aiming to secure investments from wealthy Emirati investors to revitalize the market after a two-month slowdown. The influx of “crypto titans” was fueled by rumors of significant investors, notably representatives from a $330 billion sovereign wealth fund, being present at a local crypto conference. Despite the … Read more

Phantom Launches Cash Debit Card for Seamless Crypto-Fiat Payments

Cryptonite UAE

Phantom has announced the early access launch of its Phantom Cash debit card in the U.S., a major strategic move designed to integrate cryptocurrency with everyday transactions. Key Highlights: Seamless Integration: The card allows users to easily deposit, withdraw, and transfer funds between fiat (traditional currency) and various cryptocurrencies (including Solana, Bitcoin, and Ethereum) within … Read more

Dogecoin Suffers Technical Breakdown Amid Crypto-Wide Risk Aversion

Cryptonite UAE

Following the Federal Reserve’s expected but unsettling 25-basis-point rate cut and broader market anxiety, Dogecoin (DOGE) experienced a sharp technical breakdown, dropping below a critical support level. Key Highlights: Macro Headwinds: Crypto markets, especially high-beta meme coins like DOGE, turned defensive due to risk aversion following the Fed’s rate decision and concerns over inflation/policymaker division. … Read more

Crypto Market Volatility: A Guide to Spotting Opportunities

Cryptonite UAE

The cryptocurrency market is entering a period of significant volatility due to the convergence of major macroeconomic events, which is increasing the downside risk for digital assets. Experts anticipate sharp price swings for Bitcoin (BTC), with a likely short-term dip before any potential recovery. Historically, such volatile periods often create sudden price pullbacks, which smart … Read more

Tether’s Bid to Buy Juventus Rejected by Long-Time Owners Exor

Cryptonite UAE

Stablecoin issuer Tether’s attempt to acquire full control of the renowned Italian football club Juventus was firmly rejected by the club’s controlling owner, Exor, the holding company of the Agnelli family. The Proposal: Tether submitted a binding all-cash bid for Exor’s 65.4% controlling stake, with plans for a public offer for the remaining shares. Tether … Read more

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