Victor Njoroge

Freelance Writer at Cryptonewsland

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Articles

Dark stablecoins gain popularity as governments increase crypto regulations

1 month ago | cryptonewsland.com | Victor Njoroge

Censorship-resistant dark stablecoins may gain traction as governments tighten crypto regulations. As governments implement stricter oversight, demand for privacy-focused dark stablecoins could grow. With increasing regulations on stablecoins, dark stablecoins may emerge to protect user privacy. Stablecoins, which are commonly used in digital transactions and value keeping, have not been extensively interfered with by governments.
Abraxas Capital’s $400M Ethereum Purchase Sparks Market Rally for ETH

1 month ago | cryptonewsland.com | Victor Njoroge

Abraxas Capital’s $400M Ethereum buy signals institutional confidence in ETH. Ethereum’s 3.5% price surge follows Abraxas Capital’s $400M ETH purchase. Abraxas Capital’s $400M investment boosts Ethereum’s market position and liquidity. Abraxas Capital has made a good representation in the cryptocurrency world, having purchased 185,309 ETH at a cost to the market of around $400 million between May 8 and May 11, 2025.
Bitcoin SV Investors Revive Lawsuit Against Binance Over 2019 Token Delisting

1 month ago | cryptonewsland.com | Victor Njoroge

Bitcoin SV surged 15 per cent after investors reopened a $13 billion lawsuit against Binance. Investors claim Binance’s 2019 BSV delisting led to a long-term decline in token value. Plaintiffs seek up to £10 billion in damages, citing loss of investor interest in BSV. Investors in Bitcoin SV (BSV) have filed new lawsuits against Binance, alleging that the delisting of BSV by the exchange in 2019 was one of the main reasons that saw the crypto price continue to plummet.
Coinbase Acquires Deribit for 2.9 Billion to Expand Global Crypto Derivatives

1 month ago | cryptonewsland.com | Victor Njoroge

Coinbase acquires Deribit for $2.9B, marking the largest deal in crypto industry history. Deribit recorded over $1 trillion in trading volume last year with $30B in open interest. Coinbase aims to lead global crypto derivatives with Deribit’s options and futures platform. Coinbase intends to purchase the largest crypto derivatives mid-scene from Dubai Derivatives for $2.9 billion. This purchase is the biggest deal in the cryptocurrency industry so far.
Bitcoin Could Hit One Million Dollars by 2029, Driven by Institutional Demand

1 month ago | cryptonewsland.com | Victor Njoroge

Bitwise projects Bitcoin could reach $1M by 2029 as institutional demand continues rising. With increased ETF-driven investment, Bitcoin may surpass gold’s $15.7T market cap by 2029. Fixed supply and 2024 halving may support Bitcoin’s climb to $1M, says Bitwise’s Dragosch. The research conducted by Bitwise Asset Management indicates Bitcoin could reach a market value greater than gold by 2029, according to André Dragosch.
Australian Court Sides with Block Earner Over ASIC in Crypto Ruling

2 months ago | cryptonewsland.com | Victor Njoroge

Full Federal Court rules Block Earner’s discontinued crypto lending product isn’t a financial product under Australian law. ASIC lost an appeal against Block Earner and was ordered to pay legal costs after the court dismissed their case. The court ruling clarifies how blockchain-based lending fits Australia’s evolving crypto regulatory framework.
ADA Gains Bullish Momentum with Strong Accumulation and Pattern Breakout

2 months ago | cryptonewsland.com | Victor Njoroge

Cardano experiences $379M in accumulation over seven weeks, marking a 40x increase from 2020. ADA breaks out of a Triangle pattern, with technical analysis suggesting a potential 27% price surge. Favorable funding rates and increased long positions in Cardano derivatives indicate rising market confidence. Recent technical indicators and accumulation patterns within the Cardano (ADA) network display similar conditions to those experienced during its 2020-2021 market boom.
Bitcoin ETFs Record Largest Surge Since January with $381 Million in Inflows

2 months ago | cryptonewsland.com | Victor Njoroge

Bitcoin ETFS received $381.3M in inflows on April 21, the most substantial daily gain since January 30. ARK 21Shares led all Bitcoin ETFS with $116.1M inflows, signalling surging demand. Bitcoin held above $87.3K as equity markets dropped, boosting its role as a safe-haven asset. On April 21, the net inflows for Bitcoin ETFS reached their highest level since January 30, when they accumulated $381.3 million.
Coinbase may seek a US bank license amid regulatory shift in crypto

2 months ago | cryptonewsland.com | Victor Njoroge

Coinbase plans to expand into banking by exploring a US federal bank charter application. A US bank license could allow Coinbase to offer deposits, loans, and other banking services. Coinbase joins crypto firms like Paxos and Circle, eyeing deeper integration with US finance. Coinbase, the publicly listed cryptocurrency exchange in the United States, is moving to secure a federal bank charter from the US government.
Strategy (MicroStrategy) Adds 6556 Bitcoins Worth $555M as Stock Price Rises

2 months ago | cryptonewsland.com | Victor Njoroge

MicroStrategy’s Bitcoin holdings surge to 538,200 BTC after a $555 million purchase. MSTR stock rebounds nearly 3% following new Bitcoin acquisition at $84,785 per BTC. Strategy spent $36.47 billion to acquire Bitcoin at an average price of $67,766 per coin. Strategy confirmed through an official statement that it acquired 6,556 Bitcoin units. The firm formerly MicroStrategy made the acquisition purchase between April 14 to April 20 of 2025 at approximately $555.80 million.