Cryptocurrency - news

Leading US publicly-listed Bitcoin (BTC) miners from Wall Street are strengthening their financial positions through significant capital raises as Bitcoin trades above $108,000. Industry heavyweights CleanSpark (NASDAQ: CLSK) and Bitfarms (NASDAQ: BITF) announced major financial moves to fuel their expansion plans.CleanSpark Raises $650 Million in Zero-Coupon Note SaleCleanSpark has secured a landmark $650 million zero-coupon convertible senior notes offering, implementing financial engineering to protect shareholder interests.https://t.co/eGYTK4x5eS— CleanSpark Inc. (@CleanSpark_Inc) December 17, 2024The company structured the deal with capped call transactions at $24.66 per share, representing a 100% premium over its closing price. To further enhance shareholder value, CleanSpark executed a share repurchase program, buying back 11.76 million shares for approximately $145 million."We are proud to have closed this offering with some of the strongest institutional investors in the [...]

The Australian Securities and Investments Commission (ASIC) has launched legal proceedings against Binance Australia Derivatives for allegedly misclassifying over 500 retail investors as wholesale clients, denying them crucial consumer protections.Binance Australia Faces Federal Court Battle The regulator alleges that between July 2022 and April 2023, Binance Australia Derivatives, a subsidiary of the world's largest cryptocurrency exchange, incorrectly classified 83% of its Australian client base as wholesale investors, exposing them to high-risk crypto derivative products without proper safeguards.“Our case alleges Binance’s compliance systems were woefully inadequate and exposed more than 500 clients to high-risk, speculative products without the right consumer protections in place,” said ASIC Deputy Chair Sarah Court.“Many of these clients suffered significant financial losses,” she added, noting that Binance had already paid approximately $13 million in compensation to affected [...]

Crypto exchange Bybit will cease withdrawal and custody services for French users starting Jan. 8, 2025, citing regulatory changes, urging users to withdraw assets promptly to avoid disruptions. Bybit to End Withdrawals in France Bybit, a global cryptocurrency exchange, has announced it will no longer provide withdrawal and custody services to users in France, starting […]

One of four policy proposals floated by the UK in an AI and creative industry consultation would see AI firms allowed to use copyrighted material without the rights holders’ permission.

Metaplanet projects it will turn its first operating profit since 2017 and said it wants to go beyond just buying Bitcoin as part of its treasury strategy.

Bitcoin has continued its upward trajectory as recent market trends highlight a shift in investor behaviour. According to data shared by CryptoQuant analyst Avocado Onchain, spot market demand has emerged as a significant driving force behind Bitcoin’s ongoing price increases. This trend indicates growing buying pressure from long-term investors, as speculative activity in the futures market appears to be cooling. Related Reading: Bitcoin’s Next Big Move? Key Metric Reveals When to Cash In Profits Bitcoin Spot Market Demand Gains Strength The analyst’s observations provide insights into Bitcoin’s ongoing bull cycle, which began in the first half of 2023. According to Avocado, initially, the futures market led the charge in pushing Bitcoin’s price upward, signalling a speculative phase fuelled by short-term traders. However, this momentum was interrupted earlier this year when both the futures and spot markets experienced reduced trading activity starting in March. Since October, [...]

Scammers are spoofing support emails for hardware wallet maker Ledger, prompting users to share their seed phrases.

Bloomberg ETF analysts Eric Balchunas and James Seyffart expect Litecoin and Hedera will also get spot ETFs, but aren’t convinced there’ll be much demand for them.

Bitfinex analysts said that increasing Bitcoin institutional adoption will create strong demand-side pressure, making Bitcoin price dips in 2025 short and temporary.

Bitcoin price started another increase above the $106,000 resistance zone. BTC traded to a new all-time high above $108,000 and is currently correcting gains. Bitcoin started a fresh surge above the $106,000 zone. The price is trading above $105,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $106,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $103,750 support zone. Bitcoin Price Remains In Uptrend Bitcoin price formed a base and started a fresh increase above the $103,500 zone. There was a move above the $104,000 and $105,000 levels. The price even cleared the $106,000 level. A new all-time high was formed at $108,297 and the price is now correcting gains. There was a minor decline below the 23.6% Fib retracement level of the recent wave from the $99,250 swing low to the $108,297 high. There was a break below a key bullish trend line with [...]

A recent Emerson College poll found that about 19% of US voters had used crypto, and most had a favorable opinion of President-elect Donald Trump.

According to Messari’s most recent analysis, Solana (SOL) is primed for explosive expansion in 2025, fueled by major funding, technological improvements, and growing institutional interest. Related Reading: The $589 XRP Dream: Believers Aren’t ‘Delusional’ Enough, Expert Says The study indicates that in the third quarter of 2024 Solana’s ecosystem funding reached $173 million, the highest level since mid-2022. This money flow shows a strong conviction in Solana’s ability to be the top blockchain platform. Solana: Key Drivers Of Growth One of the key reasons for this positive prognosis is the upcoming introduction of a spot SOL Exchange-Traded Fund (ETF). As regulatory conditions improve, experts predict that institutional investors will flock to Solana, increasing its market position. We are so back! The Messari Theses for 2025 is live and available for free. Jump into the full report now ⬇️ pic.twitter.com/AzOZhiAib5 — Messari (@MessariCrypto) December 16, 2024 The introduction of a [...]

Binance was the first to receive a cease-and-desist letter from lawyers representing the social media influencer. PNUT Meme Coin Listings Trigger Potential Litigation Mark Longo owner of Peanut – the squirrel that rose to national stardom after it was seized and abruptly euthanized by the New York State Department of Environmental Conservation (NYSDEC) – said […]

A crypto analyst on TradingView, known as ‘Tradecitypro,’ has published a detailed Fantom (FTM) report, breaking down the cryptocurrency’s price action across the daily and 4-hour timeframe. After accurately predicting Fantom‘s surge above $1, the analyst highlights key price levels, market trends, potential price movements, and bullish technical indicators for FTM’s next parabolic trend.  Fantom Daily Timeframe: Signs Of Trend Weakness After correctly forecasting FTM’s price breakout at $0.84, the TradingView analyst has revealed that the cryptocurrency is now following a parabolic uptrend, supported by a curved ascending trendline. According to the analyst, Fantom’s price has reacted multiple times to this distinctive trendline, ending price corrections and resuming its upward momentum.   During the last bullish surge during Fantom’s uptrend, the cryptocurrency broke past the 0.7707 resistance and rose to the weekly resistance zone at 1.1116, where it stabilized above that level. [...]

Solana (SOL) has been holding steady above a crucial demand level near $210, a key area that could ignite a massive bull run. After reaching an all-time high (ATH) on November 22, Solana has experienced a 23% retracement, testing investor confidence. However, analysts remain optimistic, with many expecting a significant upward move in the coming weeks. Related Reading: Ethereum Forming A Symmetrical Pattern – Key Resistance At $4,100 Renowned analyst Jelle recently shared a technical analysis highlighting Solana’s strong potential. According to Jelle, the monthly chart for SOL is primed for an “absolute monster run,” indicating that the current consolidation phase may be laying the groundwork for a powerful breakout. This view aligns with the broader sentiment that Solana’s resilience above $210 could act as a springboard for the next phase of its rally. As one of the leading altcoins in the crypto market, Solana has attracted attention for its robust performance and potential to lead [...]

On Dec. 16, US spot and derivative Bitcoin ETFs collectively broke $129 billion in net assets, surpassing gold ETFs for the first time.

Two Chinese citizens and a UAE trading company have been sanctioned by the United States for their alleged roles in money laundering for North Korea.

This year has been excellent for Solana, which saw its token reach a new ATH at $263.83 on November 23rd and the release of pump.fun, a meme coin launchpad that already recorded more than $300 million in revenue. However, its main blockchain still leverages Layer 1 technology, which can cause issues for meme coin traders […]

This edition of Cointelegraph’s VC Roundup features Morph, Brighty, AgriDex, Yei Finance, Superform, Waterfall Network and Union.

Lately, there’s been a whirlwind of chat about Bitcoin’s consensus tweaks, Core developers, and the Lightning Network. This week, Taproot Wizard Eric Wall made a bold claim: BTC has one last shot to beef up its features beyond just being digital gold, or it might fade into obscurity as a peer-to-peer currency. Taproot Wizard Says […]

The non-fungible token (NFT) project’s new token has had a lackluster debut in the early hours of trading.

Crypto analyst Tony Severino has drawn a similarity between the current Bitcoin price action and that of the 2017 bull run. Based on these similarities, the analyst raised the possibility of the flagship crypto witnessing an 80% surge from its current level.  Bitcoin Price Eyes 80% Surge If History Repeats Itself In an X post, Tony Severino suggested that the Bitcoin price could rally to $190,000 if history repeats itself. This came as the analyst drew a comparison between the 2024 and 2017 Bitcoin Elliott Wave count, which indicated that Bitcoin could replicate the price movement from the 2017 bull run.  Related Reading: Time To Sell XRP? Price Completes Head And Shoulder Pattern, Suggesting Crash To $2.2 Is Imminent The analyst’s accompanying chart showed that the Bitcoin price could reach $190,000 on the fifth wave, with this price target marking the peak for the flagship crypto in this cycle. This rally to $190,000 would be similar to how Bitcoin rose from $7,550 in the 2017 bull [...]

This final guidance calls for a commonly adopted application of the definition of “financial instrument” across EU member states.

The new service is available “starting with” US companies paying contractors in 69 countries.

PRESS RELEASE. Shieldeum, a leader in decentralized infrastructure, has just revealed its exciting roadmap for 2025, outlining a bold vision for the future. The company is gearing up to roll out a series of game-changing product releases throughout the year, each designed to push the boundaries of what’s possible in the Web3 industry. With these […]