Bitcoin’s consolidation in the $100,000 range is giving traders an opportunity to take a closer look at DOGE, SUI, PEPE and FTM.
Monthly archives: December 2024
Treasury Department’s FSOC Says Stablecoins Represent Potential Risk to US Financial Stability
The U.S Treasury Department’s Financial Stability Oversight Council (FSOC) says the role of stablecoins as a bridge between the digital asset market and the broader financial system warrants continued attention. In its 2024 annual report, the FSOC says that stablecoins – commodity or currency-pegged cryptocurrencies – do not have adequate safeguards against risks and failures. …
Trump, Bitcoin, and the race for tokenized capital markets
The following is a guest article from Jesse Knutson, Head of Operations at Bitfinex Securities. Donald Trump’s re-election victory and the massive success of the Bitcoin ETFs earlier in the year have been major catalysts behind Bitcoin’s ascent towards $100,000. Gains over the last few weeks have been driven by the anticipation of Trump 2.0 …
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Argentina Opens Foreign Crypto ETF Investment Opportunities
Argentina is opening its stock market to crypto exchange-traded fund (ETF) opportunities. The Argentine SEC equivalent greenlighted the introduction of prospects to allow investments in crypto—bitcoin and ethereum—foreign ETFs under the figure of Argentine deposit certificates. Argentina Opens Its Stock Market to Foreign Crypto ETF Opportunities Argentina is opening its doors to more investment options …
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ADA Panic: SEC Lawsuit Hoax and Burn Scare Rock Cardano Community
False claims of an SEC lawsuit and ADA token burns from a hacked Cardano Foundation account sent shockwaves through the cryptocurrency community, sparking panic. Fake SEC Lawsuit Targets Cardano Foundation: ADA Burn Rumors Spark Panic The Cardano Foundation’s social media platform X account appears to have been compromised early Sunday morning, alarming the cryptocurrency community …
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US vs. China: Trump’s Aide Predicts New Bitcoin Space Race
The rise of bitcoin as an international reserve asset might ignite a new space race. David Bailey, a cryptocurrency policy aide of President-Elect Trump’s campaign, stated that this new paradigm will pit the U.S., China, and a few other countries in a battle for supremacy. Trump’s Crypto Aide Announces the Start of a Bitcoin Space …
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Bullish Power Surge or Fading Flame? XRP’s $2.60 Resistance in the Spotlight
XRP’s current trading performance reflects a tug-of-war between bullish momentum and short-term corrections, with its price resting at $2.56. XRP On the 1-hour chart, XRP experienced an intraday price swing between $2.46 and $2.621, driven by strong buying and selling activity as evidenced by a volume spike near the day’s peak. However, subsequent profit-taking led …
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Global Crypto Power Plays: Which Governments Are Hoarding the Most Bitcoin?
Amid chatter about the U.S. potentially establishing a strategic bitcoin reserve, conversations are buzzing about which governments already stockpile the largest bitcoin stashes. Here’s a comprehensive look into the top five governments with the heftiest bitcoin holdings as of Dec. 2024. Inside the Secret Bitcoin Vaults of Governments: U.S., China, and Beyond Many people might …
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Paul Atkins to the Rescue: Crypto-Focused VCs Cheer Trump’s SEC Appointment
Cryptocurrency-focused venture capital firms are optimistic about President-elect Donald Trump’s selection of Paul Atkins as Securities and Exchange Commission (SEC) chair. Trump’s Picks Expected to Reverse Gensler-Era Policies Cryptocurrency-focused venture capital (VC) firms are reacting positively to President-elect Donald Trump’s selection of Paul Atkins as chair of the Securities and Exchange Commission. According to a …
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Ethereum’s Bottom and Pump.Fun’s Fallout
Two weeks ago, bitcoin’s march toward $100K hit a temporary pause, while Pump.fun showed us the unsettling side of financialization coupled with livestreaming. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Bitcoin, ETH Capitulation, and Pump.fun Craziness …
Crypto Trader Predicts Incoming Rallies for Ethereum, Says New Dogecoin All-Time High ‘A Formality at This Point’
A closely followed crypto strategist thinks Ethereum (ETH) is now in a solid position to print new all-time highs. Trader Justin Bennett tells his 115,200 followers on the social media platform X that Ethereum bulls are in full control as long as ETH is trading above an immediate support level. According to Bennett, Ethereum could …
Ethereum Could Break $5,000 ‘In a Few Days,’ Says Crypto Trader – Here’s His Outlook
A widely followed crypto analyst says that Ethereum (ETH) could go from $4,000 to $5,000 in a move that takes a matter of days. Pseudonymous crypto trader Inmortal tells his 220,900 followers on the social media platform X that he expects the top smart contract platform to hit new all-time highs with haste. “It took …
Investor Chris Burniske Warns of Crypto Shakedown Event, Says Market Entering Period of Increasing Frenzy
Venture capitalist Chris Burniske thinks crypto has more time before the market witnesses a deep deleveraging event. The crypto veteran tells his 312,000 followers on the social media platform X that he thinks the inauguration day of President-elect Donald Trump will be a sell-on-news event. But Burniske clarifies that his expected correction on January 20th …
Crypto Money Laundering: Aussie Agency to Target Crypto ATM Providers
Australia’s financial intelligence agency has said it will crack down on cryptocurrency ATM providers to combat money laundering and scams. Task Force Targets Crypto ATMs The Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia’s financial intelligence agency, announced Dec. 6 it will crack down on cryptocurrency ATM providers that fail to comply with the country’s …
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Bitcoin Hits 100K, XRP Wobbles, and More — Week in Review
Bitcoin hits $100K, XRP wobbles but won’t fall, certain meme coins are in the crosshairs, and more in this Week in Review. Week in Review This week marked a historic milestone for cryptocurrency as bitcoin crossed the $100,000 threshold. Despite a recent dip to $2.25, XRP remains the third-largest cryptocurrency, showcasing impressive weekly (56%) and …
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