Malaysia has ordered Bybit to halt its crypto exchange operations in the country, as regulators crack down on unregistered platforms. Bybit Faces Enforcement in Malaysia Over Unregistered Crypto Exchange Operations The Securities Commission Malaysia (SC) announced on Dec. 27 that it has taken enforcement measures against Bybit Technology Ltd. and its CEO, Ben Zhou, citing …
Monthly archives: December 2024
Russia’s New Bill Forces Banks and Merchants to Embrace Digital Ruble
Russia is set to make the digital ruble mandatory for banks and large merchants by 2025, pushing widespread adoption through universal QR code payments. Russia Moves to Mandate Digital Ruble for Banks and Merchants A bill has been introduced to Russia’s State Duma that seeks to make the use of the digital ruble, Russia’s central …
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Hyperbitcoinization and Supercycle Hype Heats Up: Is Bitcoin’s Four-Year Cycle Dead?
2024 has been a banner year for bitcoin, and this weekend on Reddit, the crypto community dove into a lively debate about the leading digital currency’s cycles. Bitcoin enthusiasts pondered whether the classic four-year halving cycle could lose its forecasting mojo. From Predictable Pasts to Revolutionary Futures Although bitcoin has ridden through numerous rollercoasters of …
Trader Doubles Down on Solana Memecoin, Says Crypto Markets About To Save Underwater Positions
A closely followed crypto trader says he’s looking to scoop up more of a Solana (SOL)-based memecoin amid the market correction. The pseudonymous analyst known as Altcoin Sherpa tells his 236,000 followers on the social media platform X that he’s got his eye on Fartcoin (FARTCOIN), a memecoin that was created by an anonymous developer …
Ethereum Market Turns Optimistic: Funding Rates Hint At Potential $4K Comeback
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing …
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Dogecoin To Rally 6,770% If This Pattern Holds: Crypto Analyst
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been …
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Will Bitcoin Enter Its Most Massive Bull Cycle? This Engineer Thinks So
Este artículo también está disponible en español. Although Bitcoin is having a rough moment this week, with prices oscillating between $93k and $96k, at least one popular crypto commentator is predicting a massive price run soon. According to Ted Boydston, the market should prepare for a manic bull run in the coming days, with Bitcoin’s …
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Legendary Analyst Peter Brandt Says Bitcoin Price Could Crash To $78,000, Here’s Why
Este artículo también está disponible en español. Legendary analyst Peter Brandt has provided a bearish outlook for the Bitcoin price. He predicted it could crash to as low as $78,000 and explained why he holds such a bearish sentiment. Peter Brandt Predicts Bitcoin Price Crash To $78,000 In an X post, Peter Brandt predicted that …
Ethereum Price Declines Despite Record Staking And ETF Activity
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits …
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Tether shifts $780M in Bitcoin to reserve — its biggest move in 9 months
Stablecoin issuer Tether has moved over 8,400 Bitcoin to its reserve in its biggest move since March.
MicroStrategy Acquires 2,138 Bitcoin As Value of the Firm’s BTC Stash Balloons to Over $27,000,000,000
The largest publicly traded corporate holder of Bitcoin (BTC) just added over 2,000 new tokens to its stash. According to MicroStrategy founder Michael Saylor, the software development firm just snagged 2,138 BTC worth approximately $209 million. “MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per Bitcoin and has achieved BTC yield of 47.8% …
Solana shines amid record-breaking DEX trading volumes in December
DEXs registered new monthly trading volume records in December on spot and derivatives markets, with Solana-based protocols dominating the sector, according to DefiLlama. As of Dec. 30, on-chain spot trading volumes reached $451.5 billion, a 19% increase from November, which held the previous record of monthly trading volume at $379.5 billion. Meanwhile, on-chain derivatives moved …
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Crypto ETFs dominate top fund launches in 2024, led by record-breaking Bitcoin inflows
The ETF Store CEO Nate Geraci highlighted that crypto-related exchange-traded funds (ETFs) led inflows in 2024, with the eight largest funds launched this year belonging to the sector. The list includes four spot Bitcoin (BTC) ETFs, two Ethereum (ETH) ETFs, and two MicroStrategy ETFs. The eight funds outperformed all of the roughly 740 ETF launches …
NYDIG explores float financing for Bitcoin-backed lending market
NYDIG, Stone Ridge’s subsidiary that offers Bitcoin-backed loans, is preparing to expand its offering through float financing, according to the firm’s 2024 investor letter. The letter rebuts common objections to Bitcoin’s (BTC) utility, suggesting that it can generate cash flow through sales and serve as collateral for fiat loans. Float is a key concept in …
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CryptoQuant CEO questions if US will embrace Bitcoin amid dollar dominance concerns
CryptoQuant CEO Ki Young Ju questioned whether the US would need to adopt a Bitcoin standard unless global confidence in the dollar significantly erodes. His remarks come as conversations intensify about Bitcoin’s (BTC) role in the US financial system, drawing parallels to past debates over the gold standard. Ki said: “I support the idea of …