Cryptocurrency - news

BONK finds itself under increasing selling pressure as its recent rally falters, raising concerns about the token’s ability to sustain its upward momentum. Struggling to maintain its gains, the price has started a fresh drop toward the $0.00002962 key support level, indicating a possible bearish continuation.  This pivotal zone is under scrutiny as a failure to hold could trigger further downward movement, amplifying pessimistic sentiment. Such a scenario may lead to heightened volatility, with participants watching for either signs of a recovery or indications of a deeper correction. Technical Indicators Point To Potential Decline BONK is currently trading below the 100-day Simple Moving Average (SMA), a key technical indicator that gauges market sentiment changes. This positioning below the SMA typically signals a bearish outlook as it indicates that the average price over the past 100 days is lower than the current price. Related Reading: BONK Finds Stability At $0.00004002, Can [...]

This marks the first criminal tax evasion prosecution centered solely on bitcoin.

After Bitcoin reached an all-time high of $103k last week, the top cryptocurrency has enjoyed a positive market sentiment despite a few price corrections. Currently, the price is hovering around $100k. According to CoinMarketCap, BTC's market capitalization is $1.99 trillion. As the year draws to a close, important fundamental could maintain the positive upward trend for the top cryptocurrency. Institutional investors have reportedly played an important role in the value of Bitcoin. Institutional AdoptionAmong these important players are reportedly the U.S.-listed Bitcoin ETFs, MicroStrategy, and crypto miners. This could be one of the factors partly sustaining the price above $100k. Trading Volumes were $63 billion in the past 24 hours.Bitcoin doubled its value from a low of $54 in early September boosted by a surge in futures, spot, and ETF trading activities, Coindesk reported. The market also experienced a substantial growth after the U.S. election in early November pushing [...]

Bitcoin has reached a historic $100,000 milestone, Glassnode reports, marking a pivotal moment in its evolution with over $131 trillion in transaction volume, a $2 trillion market cap, and increasing institutional adoption. Bitcoin’s $131 Trillion Journey According to Glassnode’s latest onchain report, bitcoin (BTC) has crossed a monumental threshold, reaching $100,000 per coin on Dec. […]

Texas is moving forward with plans to introduce a strategic Bitcoin reserve. State Rep. Giovanni Capriglione announced yesterday that he has submitted a bill that will enable the state to accept donations, fees, and taxes in the form of bitcoin, with the condition that it be held for a minimum of five years. “Probably the biggest enemy of our investments is inflation,” said Capriglione. “A strategic bitcoin reserve, investing in bitcoin, would be a win-win for the state.” Texas is the second US state to consider incorporating Bitcoin into its financial strategy. In November this year, legislation to form the Pennsylvania Bitcoin Strategic Reserve was introduced, with plans to allocate up to 10% of its treasury reserves to Bitcoin. This came after the Pennsylvania House of Representatives passed what is informally called the Bitcoin Rights Bill in October, giving Pennsylvania residents the option of Bitcoin as a potential payment method while safeguarding their rights to manage their [...]

Bitcoin could reach a cycle top of over $160,000 on continued interest rate cuts and macroeconomic improvements in 2025, analysts have predicted.

U.S. spot bitcoin and ethereum ETFs enjoyed another positive inflow day bringing in $597.57 million and $273.67 million respectively. Bitcoin and Ethereum ETFs Continue Momentum with Solid Inflows Bitcoin and ethereum exchange-traded funds (ETFs) maintained their inflow streak with another day of solid inflows into both ETFs. According to metrics from sosovalue, inflows totaling $597.57 […]

A recent report by Electric Capital found that Solana became the ecosystem that attracted the most new developers in 2024, overtaking Ethereum. The report calculated that 7,525 developers joined the Solana ecosystem this year, while Ethereum registered 6,456 during the same period. Solana grew its developer base by 83% year-over-year, while Ethereum lost 22%. The […]

An interest rate cut by the Federal Reserve may help Bitcoin finish the year at “record-breaking levels,” according to Bitfinex’s head of derivatives.

PRESS RELEASE. Merlin has emerged as a pioneer in the Bitcoin ecosystem, driven by a consumer-focused approach and the dynamic meme-driven culture. By aligning cutting-edge technology with the viral appeal of meme narratives, Merlin is unlocking new applications and value propositions for Bitcoin. Among the various Bitcoin Layer 2 projects, Merlin stands out with its […]

Russian President Vladimir Putin has predicted the rise of a so-called “strong AI” that will leapfrog human capabilities. Putin stated that the recent development of AI’s reasoning abilities might lead to this breakthrough. Putin Talks About Strong AI, Wants Russia to Lead the Way The artificial intelligence (AI) topic is also becoming a geopolitical subject, […]

Governments and institutions buying up large amounts of bitcoin is not without risk, but there is only one thing you can do about that...

In a groundbreaking move for the Australian pension industry, AMP Ltd., a prominent pension and wealth management firm, has allocated approximately A$27 million (around $17.2 million) to Bitcoin (BTC) futures.  This investment marks AMP as one of the first major retirement managers in Australia to embrace cryptocurrency products, reflecting a shift in attitudes toward digital assets within a traditionally conservative sector. AMP’s Bitcoin Futures Investment AMP’s Senior Portfolio Manager, Steve Flegg, announced the decision on LinkedIn, noting that the firm “took the plunge and made a modest allocation to Bitcoin” earlier this year.  A corporate representative told Bloomberg that the investment was primarily in Bitcoin futures and that there are currently no intentions to raise this commitment. Related Reading: Shiba Inu Surges 14% In A Day: Is An additional 180% Rally Within Reach? The move comes after BTC recently reached the $100,000 barrier for the first time, rising by more than [...]

Bitcoin supply profitability should form a focus for those seeking to avoid the return of the BTC bear market, CryptoQuant said.

Binance, the world’s largest cryptocurrency exchange, has seen user deposits surge past $24 billion in.. The post Binance Sees Over $24B in User Deposits in 2024, DefiLlama Data Reveals appeared first on 99Bitcoins.

Avalanche announced the recent closure of a $250 million token sale that will support the upcoming launch of Avalanche9000. This major upgrade aims to turn Avalanche into a swarm of interconnected L1s. Avalanche Raises $250 Million Before Major Avalanche9000 Upgrade Avalanche, a top 15 blockchain project, has recently closed a $250 million token sale in […]

The promising engineer from a wealthy Baltimore family was charged with the brazen, broad daylight murder of health insurance executive Brian Thompson. Alleged Killer Becomes Memecoin Darling Valedictorian-turned-villain Luigi Mangione, who has been accused of an assassin-style execution of United Healthcare CEO Brian Thompson last week in New York City, has become the face of […]

A recent survey by Consensys and Yougov reveals that many people are concerned about the power of big tech companies and the potential misuse of artificial intelligence (AI). Big Tech’s Power Raises Concerns According to a recent survey conducted by Consensys and Yougov, respondents expressed concern that big tech companies like Meta wield too much […]

Bitcoin has returned back above the $100,000 mark as on-chain data shows capital continues to flow into the asset at a rapid rate. Bitcoin Realized Cap Has Crossed The $768 Billion Milestone In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about the latest trend in the Realized Cap of Bitcoin. The “Realized Cap” here refers to an on-chain capitalization model that calculates BTC’s total value by assuming the value of each individual token is equal to the price at which it was last transacted on the network. Related Reading: Dogecoin, XRP Flashing ‘Overlooked’ Bullish Signal, Santiment Reveals The previous transfer of any coin is likely to correspond to the last point at which it changed hands, so the price at its time could be considered as its current cost basis. Since the Realized Cap sums up this value for all tokens in circulation, it essentially calculates the sum of the cost basis of the Bitcoin supply. In other words, the model measures the total amount [...]

Former Paradigm investment partner Casey Caruso’s Topology was backed by Andreessen Horowitz executives, an OpenAI founder and Paris Hilton.

It’s 2009. You wake up to the sound of the whistling wind, cracking fall leaves, and a neighbor’s lawn mower in the distance. You open your blinds to rays of sunlight so radiant your skin warms. You finish your morning routine and meet the rest of your family downstairs for a home-cooked breakfast and good […]

Institutional investors have played a big role in Binance’s $24.2 billion net inflows so far in 2024.

Trump’s team is asking whether he can eliminate financial industry regulators or combine them, according to a Wall Street Journal report.

A US federal judge has ordered the FDIC to redo and resubmit redactions it made to crypto “pause letters” it sent to financial institutions.

Bitcoin has shown a significant recovery, reclaiming the $100,000 milestone yesterday. It trades at $101,805, marking a 1.4% increase over the past 24 hours. Amid this price performance, analysts have closely examined various metrics to gauge potential market movements, including identifying optimal cash-out moments. Meanwhile, recent data reveals intriguing patterns that could guide investor strategies. When Should You Cash Out Your Bitcoin? One key insight shared by a CryptoQuant analyst, Onchain Edge, highlights a critical signal for when investors should consider reducing their Bitcoin holdings. Other metrics suggest a resurgence in buyer activity, reinforcing optimism in Bitcoin’s ongoing rally. Onchain Edge emphasizes the importance of the BTC supply loss percentage as a marker for peak market phases. He notes that when this metric drops below 4%, it could signify the culmination of a bull market and the beginning of an overheated market phase.  Currently, the current supply [...]

Bitcoin is forecast to soar to $150,000 by mid-2025, as surging FOMO and institutional investment drive ultra-bullish momentum in the cryptocurrency market. Bitcoin Could Hit $150K by Mid-2025 as FOMO Sends Markets Into Overdrive Nigel Green, CEO of financial advisory firm Devere Group, has predicted that bitcoin could climb to a new high of $150,000 […]

Bitcoin environmentalist Daniel Batton criticized the methods used by Digiconomist founder Alex de Vries to assess Bitcoin’s environmental impact.

Michael Saylor has addressed concerns about $100,000 bitcoin being “too expensive,” revealing a confident strategy rooted in its unmatched value and future potential. Michael Saylor on $100K Bitcoin: A Strategic Bet on Future Value Michael Saylor, executive chairman of Microstrategy, addressed concerns about bitcoin’s rising price in a discussion with Barstool Sports founder Dave Portnoy […]

Blackrock has emphasized bitcoin’s growing portfolio significance, recommending a measured allocation strategy akin to mega-cap tech stocks. Bitcoin Meets the ‘Magnificent 7’: Blackrock’s Allocation Recommendation Blackrock Investment Institute (BII), a research division of Blackrock, the world’s largest asset manager, published a report titled “Sizing bitcoin in portfolios” on Thursday. The report examines bitcoin’s distinct characteristics, […]

Ripple’s legal chief criticized SEC Commissioner Caroline Crenshaw as “more rogue than Gensler,” accusing her of defying court rulings. SEC Commissioner Caroline Crenshaw Faces Growing Opposition From Crypto Industry Ripple’s chief legal officer, Stuart Alderoty, took to social media platform X on Wednesday to comment on the renomination of U.S. Securities and Exchange Commission (SEC) […]

The Shiba Inu price has rebounded towards $0.00003, which has put most of the SHIB holders back in the green. This is significant, considering how it could set Shiba Inu on a path to higher prices.  Most SHIB Holders In The Green As Shiba Inu Price Rebounds IntoTheBlock data shows that most SHIB holders are in the green as the Shiba Inu price rebounds towards $0.00003. 69% of these SHIB holders are now in the money, while 24% are out of the money, and 6% are currently in the money. This could be bullish for the Shiba Inu price, considering that holders are less likely to sell when they are in the money.  Related Reading: XRP Price Prediction: Last Phase Of ABC Wave Points To A Bounce To New ATH At $5.85 This could reduce the selling pressure on SHIB and sustain the Shiba Inu price recovery. The meme coin has recovered towards $0.00003. The ‘In the Money’ metric shows that the next significant resistance level that Shiba Inu needs to break above is $0.000033. 130,620 wallet addresses [...]

Big Tech has cash on hand. Currency devaluation makes it lose purchasing power. Is Bitcoin a treasury solution to fight against inflation? Amazon is next to decide.

Solana (SOL) has faced a 23% retrace after hitting new all-time highs at $264, testing the resilience of bullish momentum. Despite this pullback, SOL’s price structure remains strong, with the token holding firmly above a critical demand zone. This consolidation phase indicates the market is gearing up for another potential breakout as bullish sentiment persists. Related Reading: Bitcoin Finds Support At $94.5K As STH Realized Prize Signals Strength Renowned crypto analyst and investor Jelle recently shared a technical analysis on X, expressing optimism about Solana’s future price trajectory. According to Jelle, the retrace is a healthy correction that allows SOL to build the strength needed for another significant rally. He predicts that Solana will reach new all-time highs before Christmas, setting the stage for an exciting close to the year. With Solana maintaining its position above key levels and investor interest remaining robust, all eyes are on the $264 mark as bulls prepare [...]

According to data from CoinMarketCap, there are about 210 million EIGEN tokens in circulation, with a total supply of 1.68 billion.

Indian public firm and MicroStrategy’s Bitcoin blueprint, Japanese exchange’s SPAC merger for Nasdaq listing: Asia Express

The activist investor is said to be pushing Riot to optimize the use of its facilities like many of its peers.

Michael Sonnenshein former CEO of digital asset manager Grayscale Investments, has been appointed Chief Operating Officer (COO) of Securitize. Grayscale Executive Michael Sonnenshein Pivots to Asset Tokenization Ten-year Grayscale veteran Michael Sonnenshein who led the digital investment giant from 2021 to 2024 has now joined asset tokenization leader Securitize as its chief operating officer (COO), […]

Kenya’s National Fire Brigades Association (KENFIBA) has become the first labor union in the country.. The post Kenya’s Fire Brigades Union Adopts Bitcoin Reserve, Adoption Expected To Increase appeared first on 99Bitcoins.

Top US cryptocurrency exchange Coinbase has warned its users yet again. It has announced that it could delist stablecoins that have not complied with the Markets in Crypto-Asset Regulations (MiCA), including Tether's USDT stablecoin.Coinbase's warning comes as the enforcement deadline approaches for the most significant crypto regulations. According to information reportedly sent to users, Coinbase Europe, Coinbase Germany, and Coinbase Custody International will stop supporting a total of six stablecoins by December 13. E-money Authorization RequirementAccording to the crypto exchange, this move aligns with MiCA's e-money authorization requirements, which require that stablecoin issuers must have regulatory approval in at least one EU member state. Thus, Coinbase has urged users to convert their holdings in non-compliant coins into alternatives such as USD Coin (USDC), which complies with MiCA standards.ICYMI: As of today, @coinbase is notifying European users of the restriction of [...]

Ethereum may be heading for a breakthrough above $5,000, with Cryptoquant analysts pointing to a mix of tightening supply, climbing demand, and lively network activity as driving factors. Will Ethereum Break $5K? Cryptoquant Highlights Key Indicators According to Cryptoquant‘s December 2024 analysis, ethereum (ETH) is riding a wave of favorable trends, fueled by data from […]

Australia has a superannuation system requiring employers to allocate a portion of an employee’s earnings to a retirement account.

Developers must prioritize user protection in the DeFi landscape.

The Spotlight Stock Market offers traditional investors a total of 45 exchange-traded products to choose from.

PRESS RELEASE. Montreaux, Switzerland, December 12, 2024—SMARDEX, a decentralized finance platform funded by Swiss Web3 pioneer RA2 TECH, is announcing the launch of USDN after two years of intensive development and $12 million of investment. The platform’s public seed round has attracted an additional $4.5 million in TVL in the immediate days after launching. USDN […]

The locked-token sale saw participation from more than 40 companies.

Shiba Inu (SHIB) is once again capturing attention as it approaches a pivotal price level, with the $0.00002960 resistance emerging as a defining hurdle for the bulls. After a period of steady gains, market participants are now focused on whether SHIB can muster enough strength to break past this critical threshold. A successful move above this level could ignite a fresh wave of bullish momentum, setting the stage for a potential rally. Will the bulls rise to the occasion, or will SHIB face renewed pressure? Analyzing SHIB’s Price Action: Is A Bullish Surge Imminent? SHIB’s price action is demonstrating a strengthening positive sentiment as it nears the critical $0.00002960 resistance level. The recent consolidation around this key price point suggests that a breakout could be imminent. Additionally, the fact that SHIB is trading above the 100-day Simple Moving Average (SMA) signals increasing confidence from buyers, further heightening expectations for a potential upward surge. [...]

Ethereum and Bitcoin ETFs are stealing the show, with weeks of strong inflows signaling a.. The post Ethereum and Bitcoin ETFs See Record-Breaking Inflows appeared first on 99Bitcoins.

“I feel like this is turning into ‘Digital Currency for Dummies,‘” Jon Stewart said to the billionaire during an interview on his weekly podcast.

Bond issuers were promised lower costs through blockchain tokenization, but recent trials from the ECB revealed a higher price tag.

Sonnenshein joined Securitize nearly seven months after leaving Grayscale.