Cryptocurrency - news

Key Takeaways: The U.S. consumer price index was up 2.7% year-over-year for November, above the Fed’s target of 2%. Markets currently expect a rate cut of 0.25 percentage point in The post How Does This Latest US Inflation News (CPI at 2.7%) Reflect at The Crypto market? appeared first on CryptoNinjas.

Beam Ventures will launch in 2025, providing funding and acceleration for blockchain gaming startups in the United Arab Emirates.

The US financial regulator is soliciting comments on NYSE’s application to list Bitwise’s cryptocurrency index ETF.

Bitcoin has faced a volatile week, with sharp moves above and below the pivotal $100,000 mark, but the price still struggles to close and hold above this psychological level. The lack of a clear direction has divided investors, with some anticipating a breakout into uncharted territory while others brace for a potential correction. Related Reading: Solana Might Reach $295 Once It Breaks Key Supply Zone – Details CryptoQuant analyst Axel Adler shared key data shedding light on Bitcoin’s current dynamics. According to Adler, the nearest support level is $94,500, representing the average purchase price for short-term holders (STH) holding coins for one week to one month. This metric underscores the importance of this level as a critical threshold for maintaining market confidence. As Bitcoin grapples with resistance at $100K, the $94.5K support will be crucial in shaping the next phase of price action. A successful defense of this level could reignite bullish momentum, while a breakdown [...]

Bloomberg Intelligence expects MicroStrategy’s stock, MSTR, to join the Nasdaq 100 index later in December, with an announcement to come as soon as this week.

We’re thrilled to announce that FWOG, SPX and GOAT are now available for trading on Kraken! Funding and trading Fwog, SPX6900,and Goatseus Maximus trading will be live as of 15:30 PM UTC today, December 11, 2024. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’.  […] The post FWOG, GOAT and SPX are now available for trading! appeared first on Kraken Blog.

Bitcoin price targets rise as a swift comeback sees BTC/USD spike through the $100,000 mark.

Why Elon Musk gets away with pumping Dogecoin but Kim Kardashian was fined $1.26 million: The laws around shilling crypto on social media.

Theta Labs head of strategy Wes Levitt says the decentralized cloud is more cost-effective and offers greater flexibility and reliability for AI solutions.

Bitcoin has been increasingly recognized as not only a store of value but also a means to generate yields, CoinShares’ analyst Satish Patel said.

The memecoin craze is luring investors to chase quick profits, while some celebrities are capitalizing on the trend, launching or promoting tokens and often veering into scams.

Sentiment from the head of a Wall Street giant signals good news for the cryptocurrency economy. Goldman Sachs CEO David Solomon has said that the investment banking major would evaluate trading cryptocurrencies should US regulations permit the bank to do so. “At the moment, as a regulated banking institution, we’re not allowed to own a cryptocurrency like Bitcoin as a principal,” he said at a Reuters Next conference, held on Tuesday, 10 December. “We give our clients advice around a variety of these technologies and these issues, and will continue to do that. But for the moment our ability to act in these markets is extremely limited from a regulatory perspective.” Interestingly, Goldman Sachs disclosed in its recent US Securities and Exchange Commission (SEC) 13F filing that the company holds more than $700M in eight Bitcoin ETFs, as of September 20, 2024. So, it would appear that at long last, corporate attitudes to crypto are finally changing. Even US President-elect Donald Trump [...]

As of the end of Q3 2024, Tether’s USDT stablecoin has hit a new record with 330 million on-chain wallets. This shows that USDT is the market leader in stablecoins and is accompanied by an astounding rise in acceptability, particularly among small holders. Stablecoins are becoming more popular for a variety of financial transactions, including savings, remittances, and transactions, which is driving the rise. Related Reading: HBAR To Hit $100? Analyst Points To Utility And Market Cap Potential Unprecedented USDT Growth Among Small Holders According to Tether’s latest data, the number of wallets holding USDT has increased by 71% in just one year. This rise is primarily driven by wallets with balances under $1,000, demonstrating that daily consumers prefer the stablecoin for its convenience and dependability. In fact, around 18.7 million wallets contain less than $1 of USDT, demonstrating its utility as a financial tool for those with low resources. According to Tether’s data, [...]