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STX Price Prediction: After 126% Price Jump in December, What’s in Store for 2024?
26.12.2023
Stacks (STX) has experienced a remarkable 126% price jump in December this year, catching the attention of investors and traders. As of now, the cryptocurrency is trading at $1.49, up by 2.56% over the past day. Over the past year, the token has gained an astounding 560%. With more than...
US-Approved Spot Bitcoin ETFs Could Surpass Entire $50 Billion Crypto ETP Market: BitMEX
26.12.2023
Source: Pexels The global market for cryptocurrency exchange-traded products (ETPs) has reached a significant milestone, currently comprising approximately 150 products with a total value of $50.3 billion in assets under management, as reported by BitMEX research. According to the research,...
Bulgarian Prosecutors Drop Charges Against Crypto Lender Nexo — ‘No Evidence of Criminal Activity’
26.12.2023
The prosecutor’s office for Sofia, the capital city of Bulgaria, has dropped criminal proceedings against crypto lender Nexo. “The team of supervising prosecutors came to the conclusion that there was no evidence of committed crimes,” the authorities stated, adding that crypto...
China’s State Administration of Foreign Exchange Cracks Down on $2.2 Billion Crypto Exchange Ring
26.12.2023
The Chinese State Administration of Foreign Exchange (SAFE) has cracked down on an underground bank that used crypto to offer illegal exchange services. The operation, which had over 1,000 bank accounts and a presence in 17 provinces, moved over 15.8 billion yuan ($2.2 billion) to purchase crypto...
US Lawmaker Spotlights Crypto Bills Approved by House Committee This Year
26.12.2023
U.S. Congressman Tom Emmer has highlighted various crypto bills that passed out of the House Committee on Financial Services this year. Among them is his appropriations amendment barring the U.S. Securities and Exchange Commission (SEC) “from using taxpayer dollars on its abusive crypto...
Tim Draper Expects Bitcoin Price to Hit $250,000 in 2024
26.12.2023
Venture capitalist Tim Draper has doubled down on his $250,000 bitcoin price forecast. “I would say that my number $250,000 will probably come pretty soon,” he emphasized, predicting that if the price of bitcoin hits $250,000, “it’ll go way past it.”...
Coinbase Fires Back at Senator Elizabeth Warren — Says Accusations Are Unfounded
26.12.2023
Nasdaq-listed crypto exchange Coinbase has responded to U.S. Senator Elizabeth Warren’s accusations that it hires national security veterans to oppose her legislation. “Your claim that Coinbase is attempting to undermine bipartisan legislation related to cryptocurrency is simply wrong....
Is BONK Going to Zero? BONK Price Drops 3.9% as Latest Meme Coin Surges Past $4.4 Million Milestone
25.12.2023
In the unpredictable landscape of cryptocurrency, Bonk (BONK) has emerged as a remarkable new entrant. As the first dog-themed coin on the Solana blockchain, BONK has swiftly ascended to an impressive $1 billion market capitalization, a milestone achieved within an astonishingly short period since...
Survival of the Fittest: The Evolution and Consolidation of ASIC Bitcoin Mining Rig Makers
25.12.2023
Several years ago, the landscape of ASIC bitcoin mining producers was diverse. Yet, over the recent couple of years, a select few top manufacturers have sustained the production of bitcoin mining rigs. ASIC Mining’s Changing Landscape Once, numerous ASIC producers flourished, but today, only...
Solana Price Prediction: $4.7 Billion Trading Volume Floods In – Can SOL Hit $120 before 2024?
25.12.2023
Solana (SOL), a key player in the cryptocurrency market, has shown remarkable resilience and upward movement, maintaining a strong position around the $122mark. This surge reflects the broader positive sentiment enveloping the crypto market, particularly underscored by Bitcoin’s (BTC) stable...
Bitcoin Breaks Records: Christmas Eve Sees Lifetime Surge in Daily Transactions and Hashrate
25.12.2023
On Dec. 24, 2023, Bitcoin shattered yet another daily transaction milestone, with miners confirming 723,459 transfers in a single day. The transaction rate on Christmas Eve exceeded the former peak of 710,579 verifications on Nov. 19, 2023. Bitcoin’s Festive Feat — Record Transactions...
Is It Too Late to Buy Axie Infinity? AXS Price Rockets Up 35% as the Latest Meme Coin Prepares to Launch
25.12.2023
In the ever-evolving cryptocurrency landscape, Axie Infinity’s AXS token has made a significant leap, soaring over 30% to reach around $10.7. This impressive surge has catapulted AXS to the pinnacle of gaming cryptocurrencies, surpassing BEAM with an exceptional market capitalization of $1.4...
Frog-Inspired Meme Token PEPE Drops to Fifth Place Amidst Dog-Centric Competition
25.12.2023
While the meme coin pepe (PEPE) has risen by 29% in the last month and boasts a significant increase since its inception, a six-month review reveals a decline of over 8% in its value. Furthermore, despite its previous standing as the third-largest meme token in terms of market capitalization, PEPE...
2023 Marks Bitcoin’s Spirited December Surge: A Glimpse Into Crypto’s Festive Frenzy
25.12.2023
On Nov. 26, Bitcoin.com News highlighted the crypto community’s anticipation and hope for a ‘Bitcoin Santa Claus rally’ to manifest this year. Following the data collected from Dec. 1 to Dec. 24, 2023, the recent increase of 15.93% against the U.S. dollar has been recorded...
Seychelles-Based Crypto Exchange MEXC Rejects ‘Baseless’ User Asset Freeze Claims
25.12.2023
The Seychelles crypto exchange MEXC has rejected claims it is unilaterally freezing users’ accounts or “wiping” out their profits. The MEXC team said it opposes ongoing attempts to defame its name and may resort to taking legal action. Baseless Claims The Seychelles-based...
Study: Nvidia Stock and Bitcoin the Top Two Performing Assets in 2023
25.12.2023
With its U.S. dollar value having risen by nearly 160% since the start of the year, bitcoin is set to end 2023 as one of the best-performing assets. Only semiconductor giant Nvidia’s stock has outperformed the top crypto asset in 2023 so far. Key moments such as Blackrock’s spot...
Balancing Act: Cryptocurrency, Data Mining, and Sustainability – Navigating the Right Path
25.12.2023
Source: Adobe / Photocreo Bednarek Data mining plays a crucial role in the cryptocurrency space as it is integral in providing market analysis, risk management, and ensuring security and integrity of transactions is in place. Traders and investors use data mining techniques to analyze market trends...
XRP Price Prediction: Pushing Past $1 Billion in Trading Volume – What’s in Store for 2024?
25.12.2023
XRP, the native token of Ripple, has resumed its upward movement, rising by over 2% over the past day amidst a whopping $1.19 billion trading volume. The rally comes as the cryptocurrency has shown resilience and has been making headlines over the past year despite the legal challenges. According...
Japanese Cabinet Approves Tax Reform Eliminating Unrealized Crypto Gains Tax for Companies
25.12.2023
The Japanese government has approved a tax reform that removes some crypto taxes for corporations and conglomerates. The reform, discussed since early December, removes the unrealized gains taxes on crypto holdings for companies, paving the way for them to hold crypto assets more consistently....
Bitcoin Price Prediction on Christmas Day: Unwrapping BTC’s Market Trends and Future Outlook
25.12.2023
On this serene Christmas Day, the cryptocurrency market, particularly Bitcoin (BTC/USD), reflects the season’s quiet but does not escape the inherent volatility of its nature. The current price of Bitcoin hovers around $43,125, marking a 1.70% decline in the last 24 hours. Despite this...