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Bitcoin Difficulty Set for Upturn Amid Escalating Hashrate and Soaring Miner Fees
16.12.2023
After the last adjustment that resulted in a slight 0.96% reduction, the upcoming difficulty retarget on Dec. 23, 2023 is anticipated to bring about an increase, eclipsing the previous decline, as the hashrate regains its upward trajectory. The seven-day average hashrate reached a low of...
Lesotho’s Entire Payment System Reportedly Goes Offline After Cyberattack
16.12.2023
The Central Bank of Lesotho recently confirmed that its payment system was attacked by unknown cybercriminals. The bank also acknowledged that the resulting downtime is making it “impossible for all local banks to honor inter-bank transactions in the country.” No Financial Loss Suffered...
eTukTuk’s Electric Revolution: A Win-Win for Commuters in the Developing World and $TUK Holders
16.12.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. The eTukTuk electric vehicle revolution is a win-win for commuters and $TUK holders. The groundbreaking EV three-wheeler provides a zero-emission mode of transportation in the developing world, while...
Circle CEO Says Investors Should Have Exposure to Bitcoin in Complex Geopolitical Environment
16.12.2023
Circle CEO Jeremy Allaire says in a complex geopolitical environment, bitcoin is an asset that investors should have some exposure to. He emphasized that “digital commodities are here to stay,” noting that bitcoin is the largest digital commodity asset. The executive also believes...
AI Chatbot Girolamo Debuts on Cardano; Ambitious Goals for Avalanche & RebelSatoshi Attract Investors
16.12.2023
The blockchain world is abuzz with innovations, and leading the charge is Cardano’s AI chatbot Girolamo, heralding a new era of AI and blockchain synergy. Meanwhile, Avalanche continues to push the boundaries of blockchain technology, and RebelSatoshi ($RBLZ) is turning heads in the memecoin...
LUNA Makes a Strong Comeback in Top 50 – AI Altcoin Becomes the Talk of the Town on Reddit
16.12.2023
Terra (LUNA) has been making waves in the crypto sector because it continues to defy odds by scaling heights despite its previous tribulations. On the other hand, BorroeFinance ($ROE) is crafting a name for itself as an AI altcoin that is rendering significant innovations in Web3 financing....
$EGLD Pumps as KASPA Dumps. Presale Targets $1 Million Mark
16.12.2023
The cryptocurrency market is a volatile space, and the recent price movements of $EGLD and KAPSA are a testament to that, while $EGLD has been on a tear, KASPA has been experiencing a sharp downturn. Meanwhile, $GFOX, the new kid on the block is eyeing the coveted $1 million presale mark. In this...
Bitcoin’s Week: $44,000 Test and Salvador’s ‘Freedom Visa’; InQubeta Draws Investors
16.12.2023
InQubeta (QUBE) might be the best crypto to invest in now as its presale continues to defy expectations. The new DeFi project has already raised over $6.7 million as it moves into its sixth stage, earning early investors 175% returns on their investments. Bitcoin (BTC) has also been on a roll...
Market Update: Ethereum and Solana Excel; Rabel Satoshi Sees Surging Interest
16.12.2023
TLDR Ethereum surges 12% as investors flock to the market due to whale activity. Solana gains 19% in a week, but experts believe a downward correction is due soon. Investors focus on Rebel Satoshi to get the promised presale returns. The crypto market is holding a green candle after starting...
Eliminating Fees, Killing Features, Reducing Payouts and 20 Crypto Jokes
16.12.2023
This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes. __________ This week in crypto: we looked into bitcoin price predictions as BTC surpassed $42,000 amidst dovish Fed signals, as well as ethereum price predictions as JPMorgan...
Bank Of China Completes First Cross-Border Digital Yuan Commodities Trade
16.12.2023
The Bank of China Hong Kong, the second largest bank in the region, has completed its first cross-border digital yuan-based trade. The transaction, finalized with its sibling bank, the Bank of China, served to receive the payment for an imported iron ore commodity bulk trade, establishing...
Crypto Analyst: Bitcoin Could Hit $1 Million in Days to Weeks After Spot ETF Approval
16.12.2023
Bitcoin Logo / Source: Adobe Bitcoin (BTC) has the potential to skyrocket to $1 million within a matter of days to weeks following the approval of a spot Bitcoin exchange-traded fund (ETF). According to Samson Mow, CEO of Jan3, the combination of limited Bitcoin supply on exchanges and a surge...
Australian Bitcoin Miner Iris Energy Set to Acquire 8,380 New-Generation T21 Miners
16.12.2023
Bitcoin mining company Iris Energy Limited said on Dec. 15 that it expects to take delivery of 8,380 new-generation T21 miners from Bitmain. Delivery of the mining machines is expected to help Iris Energy fulfill its goal of increasing its self-mining capacity to 10 EH/s (exahash per second)....
XRP Price Prediction as $1.2 Billion Trading Volume Sends XRP Down 4% – Are Whales Selling Before January?
16.12.2023
Despite a cautiously optimistic technical outlook, Ripple’s XRP has recently faced a downturn, dropping by 4% amidst a whopping $1.2 billion trading volume. As of December 16, the digital currency is trading at $0.620, marking a marginal 0.50% increase over the last 24 hours. Its significant...
Government of Russia Eyes Commodity-Like Crypto Exports
16.12.2023
The government of Russia might allow crypto miners to sell their cryptocurrency like other exports such as gas. Ivan Chebeskov, deputy minister of finance, specified that this option was part of a bill to legalize cryptocurrency mining introduced in 2022, that could allow miners to proceed with...
Bitcoin Price Prediction as Bearish Trend Sends BTC Below $42,000 – Will BTC Keep Falling?
16.12.2023
Bitcoin (BTC), the pioneering cryptocurrency, currently faces a downtrend, slipping below the pivotal $42,000 mark, trading at $42,200 with over 1.50% decrease. This movement prompts questions about Bitcoin’s future trajectory and whether this bearish trend will persist. Amidst these...
IMF Chief Calls for Clear Crypto Regulation — Warns High Crypto Adoption Could Undermine Financial Stability
16.12.2023
The head of the International Monetary Fund (IMF) has called for clear crypto regulations worldwide, cautioning that high crypto adoption could undermine macro-financial stability. “Our goal is to make a more efficient, interoperable, and accessible financial system by providing rules...
Finance Professor Blasts SEC’s Potential Cash-Only Rule for Spot Bitcoin ETFs Citing Benefits of In-Kind Model
16.12.2023
A finance professor at Georgetown University has urged the U.S. Securities and Exchange Commission (SEC) to avoid micromanaging the creation/redemption process for spot bitcoin exchange-traded funds (ETFs). While the SEC proposed the cash creation method, applicants like Blackrock and Fidelity have...
SEC Chair Gensler Reveals Regulator Is ‘Taking a New Look’ at Spot Bitcoin ETF Filings
16.12.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has revealed that the regulator is taking a new look at spot bitcoin exchange-traded fund (ETF) applications based on recent court rulings. “We had in the past denied a number of these applications, but the courts here in...
Bitcoin Volatility Incoming as BTC Price Forms This Key Technical Pattern – $38K or $48K Next?
16.12.2023
Source: Adobe Stock Bitcoin (BTC) chart analysis suggests the price has formed a key short-term technical pattern that could be a harbinger of extreme volatility ahead, with quick dump to $38,000 or pump towards $48,000 possible depending on how the pattern is broken. Amid its consolidating back...