Amid a year of high points, challenges remain. How will AI developers deal with a looming data shortage, for instance?
Monthly archives: December 2024
Top Crypto Analyst Says Delayed Bitcoin Parabolic Rally Is Both Positive and Negative – Here’s What He Means
A widely followed crypto analyst believes Bitcoin’s (BTC) delay in entering the most explosive phase of the cycle comes with pluses and minuses. Pseudonymous analyst Dave the Wave tells 147,700 followers on the social media platform X that Bitcoin may remain in a technical bullish trend for a while longer before eventually going parabolic. “The …
Here Are Six Catalysts That Could Trigger Altcoin Season, According to InvestAnswers
A closely followed crypto analyst is lining up six key events that could trigger the next big move up for altcoins. In a new YouTube update, the host of InvestAnswers lays out six potential catalysts that could cause altcoins to explode in 2025. “These are the top six items that I see as being critical …
Russia’s Largest Bank Joins Digital Ruble Pilot Program Ahead of 2025 Launch: Report
Russia’s largest bank has reportedly joined the country’s digital ruble pilot program ahead of a mid-2025 launch of the central bank digital currency (CBDC). The Russian news agency Interfax reports that Russia’s top financial institution, Sberbank, is now a participant in the program, which conducts transactions with digital rubles. The pilot will eventually involve 22 …
Low-Cap Altcoin Soars by 66% in a Day Amid Plans To Expand the Crypto Project’s Ecosystem
An under-the-radar artificial intelligence (AI)-based altcoin is skyrocketing after its developers announced plans to expand the project. In a lengthy new thread on the social media platform X, crypto software developer Jeffy Yu says that Zerebro (ZEREBRO) is building a consumer facing launchpad for AI agents. “We are building Zentients, a consumer facing launchpad for …
Vitalik Buterin donates $170K to Tornado Cash developers’ legal fund
Many in the crypto industry have criticized US authorities for sanctioning Tornado Cash smart contract addresses and charging developers with money laundering.
Ancient Bitcoin Address Awakens After Lying Low for Over a Decade, Moves $34,070,177 in BTC at 10,150% Profit
A long-dormant Bitcoin (BTC) wallet has suddenly awoken after a decade to move around millions of dollars worth of the top crypto asset by market cap. According to new data from whale-tracking platform Whale Alert, an ancient BTC address that has been inactive for a decade has risen from its slumber to shift around 357 …
Mark Moss on Bitcoin adoption, freedom, and $1M Bitcoin
The following is a guest post from Christina Comben. I first met Mark Moss at the entrance to the media center by the main stage at Bitcoin MENA in Abu Dhabi, the first official Bitcoin conference in this part of the world. We haven’t met before but from his familiar drawl, infectious personality, and volumes …
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Binance Labs eyes 2025 rebranding and expanded investments amid favorable US regulations
Binance Labs has announced a major rebranding initiative alongside an expanded investment strategy for the coming year. In a Dec. 31 statement, the company stated that its investments over the past year were equally split between infrastructure and application-focused initiatives. It supported projects across DeFi, AI, the Bitcoin ecosystem, gaming, and emerging technologies like restaking …
Ethereum’s blob adoption sparks rise in ETH burns, surpassing Uniswap
Ethereum has seen a sharp increase in the adoption of “blobs” over the past months, significantly impacting the blockchain network burn dynamics. Blobs are temporary data packages that store large amounts of data off-chain. They were introduced with the EIP-4844 and designed to enhance Ethereum’s scalability by optimizing layer-2 operations without burdening the main blockchain. …
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Polkadot ecosystem thriving with $210 million treasury amid record transactions in 2024
Polkadot’s Treasury, a vital component of the blockchain network’s ecosystem, now holds approximately $210 million worth of assets, equivalent to 31 million DOT. On Dec. 31, Tommi Enenkel, Polkadot’s Head Ambassador, shared this update on social media platform X while highlighting the network’s financial standing as the year concludes. Polkadot Treasury Enenkel said 90% of …
2016 hacker Blockchain Bandit resurfaces shifting $172 million in Ethereum to new wallets
The Blockchain Bandit, a hacker infamous for exploiting vulnerabilities in Ethereum wallets, has reappeared, consolidating stolen assets after years of inactivity. On Dec. 30, blockchain investigator ZachXBT reported that the hacker moved 51,000 ETH, worth approximately $172 million, into a single wallet. These funds were transferred from ten previously inactive wallets, marking the hacker’s first …
Polymarket’s 2025 prediction markets have over $1 billion wagered on sports betting
As New Year’s Eve is upon us, so too are Polymarket prediction markets for 2025, which are open for traders to bet on events for the next 12 months. Following the excitement of the 2024 Elections, Sports betting has taken over as the top category for 2025 predictions. In the 2025 section of the site, …
How XRP Soared 236% in 2024 to Become the 4th Largest Crypto by Market Cap
The digital asset XRP wrapped up 2024 on a high note, climbing above $2 for the first time in years after spending much of the year under $0.72 per coin. Since early Jan., XRP has jumped by more than 236% against the greenback. From $0.63 to $2.12: XRP’s Wild Ride Through 2024’s Crypto Economy Boom …
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2024 Fiat-Pegged Economy Swells—Stablecoins Reach $200B, Tether’s Market Soars 50%, New Players Emerge
With bitcoin (BTC) cruising past the $100,000 mark and the crypto economy swelling dramatically in value this year, multiple sectors saw significant expansion. Stablecoins, a major player in the digital asset realm, now exceed $200 billion in total valuation, reflecting a $73 billion increase in this subset of fiat-pegged cryptocurrencies. Stablecoins Flourish While Rankings Shift …