El Salvador reportedly expects to finalize a $1.3 billion IMF loan agreement in the coming weeks, adjusting its legal treatment of Bitcoin and aligning fiscal policies to secure international financing. According to the Financial Times, an IMF mission is in San Salvador to negotiate terms that would likely remove the requirement for businesses to accept …
Yearly archives: 2024
Ripple CEO Brad Garlinghouse questions ’60 Minutes’ omission of key XRP legal victory
Brad Garlinghouse, CEO of Ripple, has publicly expressed dissatisfaction with how CBS News’ 60 Minutes portrayed his interview. The Dec. 8 episode, which condensed a 90-minute discussion into a 60-minute segment, omitted key details that Garlinghouse believes were crucial to accurately depicting Ripple’s legal battles and the broader crypto landscape. In a Dec. 9 post …
Cardano founder renews call for ‘verified tweets’ after social media hack
Charles Hoskinson, the founder of the Cardano network, has renewed his call to integrate “verified tweets” on social media platform X (formerly Twitter). This proposal was prompted after the official X account of the Cardano Foundation was hacked to promote scams and spread false information over the weekend. Cardano Foundation hack On Dec. 8, malicious …
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Bitcoin ASIC Maker Bitmain Shifts Gears With US Production Line Amid Incoming Trump Administration
The bitcoin mining machine maker Bitmain is gearing up to roll out a new production line in the U.S., focusing on its application-specific integrated circuit (ASIC) equipment. Bitmain Launches U.S. Production Bitmain shared on Monday through an X post that it plans to kick off a new production line in the United States. “Bitmain is …
Stablecoins Break $200B Mark as Ethena’s Yield-Bearing USDE Supply Soars 89%
The stablecoin market has crossed an impressive $200 billion in value, with the top three fiat-pegged tokens experiencing notable growth over the past month. Ethena’s USDE has taken center stage, climbing over 89% since Nov. 9. USDE Supply Soars, USD0 Issuance Climbs a Staggering 91% As of Monday, Dec. 9, stablecoin data from coingecko.com and …
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Crypto Shockwave: Meme Tokens Outperform Bitcoin and Ethereum in a Down Market
Kicking off the week, meme coins are stealing the spotlight amid a widespread dip in the crypto economy. Monday’s trading saw tokens like pepecoin network, fartcoin, and baby doge coin pulling ahead as the few standouts in an otherwise lackluster market. Several Meme Tokens Thrive Despite 3.4% Market Decline The broader crypto economy has dropped …
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XRP Technical Analysis: Could $2.91 Be the Launchpad for a Rally to $3.50?
XRP has experienced a notable decline of 5% in the past day, trading at $2.42 as of this analysis. Despite the drop, technical indicators across multiple timeframes point to the potential for bullish momentum, with key levels and patterns offering insights for traders and investors. XRP On the daily chart, XRP showcases a strong bullish …
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$HTX Token: The Undervalued Gem Poised to Outshine in 2025
PRESS RELEASE. The cryptocurrency market has witnessed significant changes since its inception, with each cycle bringing new opportunities and transformative growth for promising platforms. Among these, HTX DAO’s governance token $HTX emerges as a standout, undervalued asset with huge growth potential. With its robust brand legacy, innovative ecosystem, and deflationary tokenomics, $HTX is well-positioned to …
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Microstrategy’s Bitcoin Holdings Hit 423,650 After $2.1 Billion Purchase
Microstrategy has amassed 423,650 BTC worth $25.6 billion and just bought 21,550 more, underscoring its aggressive bet on bitcoin as a transformative asset. Michael Saylor Highlights Microstrategy’s 423,650 BTC Portfolio and KPI Success Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR) has significantly expanded its bitcoin portfolio, as disclosed in a Dec. 9 filing with the …
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Bitcoin Technical Analysis: Consolidation Phase Precedes Next Big Move
Bitcoin is currently trading at $98,403, showcasing a dynamic interplay of market forces across short-term, medium-term, and long-term charts. Bitcoin Bitcoin‘s 1-hour chart reflects recent price fluctuations, with bitcoin peaking at $101,407 before succumbing to bearish pressure, reaching a low of $97,931. Lower highs suggest a short-term downtrend, while volume spikes align with sell-offs, reinforcing …
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BlackRock Gobbles Up $2,600,000,000 Worth of Bitcoin (BTC) in Just One Week: Arkham
New data from blockchain analytics firm Akham reveals that asset management titan BlackRock has gone on an aggressive Bitcoin (BTC) accumulation spree. In a new thread on the social media platform X, Arkham says that BlackRock – which has over $10 trillion in assets under management – bought billions of dollars worth of BTC in …
Analyst Says XRP Primed To Hit Price Last Seen Over Six Years Ago, Predicts Old Altcoins Reaching Record Highs
A closely followed crypto strategist believes XRP is gearing up for bullish continuation after rallying hard last month. Pseudonymous analyst Credible tells his 446,700 followers on the social media platform X that he’s keeping a close watch on XRP in its Ethereum pair (XRP/ETH). According to the analyst, his initial target for XRP/ETH would bring …
The US Should Sell Its Gold and Acquire Bitcoin (BTC), Says MicroStrategy’s Michael Saylor – Here’s Why
MicroStrategy co-founder Michael Saylor says the US should offload all its gold and accumulate Bitcoin (BTC) as part of a new strategy to cement the country’s global financial dominance. In a new interview on Yahoo! Finance, Saylor says Bitcoin is emerging as the “world’s reserve capital network.” “People are realizing that Bitcoin is better than …
Ethereum (ETH) Price: Breaks $4,000 as Weekly Transactions Hit $17.15 Billion
TLDR Ethereum reached a new yearly high of $4,096, surpassing March’s previous peak Large ETH transactions have increased by 300%, reaching $17.15 billion in volume Current price sits around $3,960, with next major resistance at $4,540 Analysis suggests minimal resistance between current price and all-time high of $4,878 Strong support zone exists between $3,514-$3,634 with …
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Amazon shareholders push for Bitcoin treasury allocation
A group of Amazon shareholders has urged the company to diversify its treasury holdings by allocating at least 5% of its assets to Bitcoin. The proposal, submitted by the National Center for Public Policy Research (NCPPR), seeks to encourage Amazon to adopt Bitcoin as a financial hedge and value driver. Why Bitcoin makes sense for …
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