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Bitcoin Price Prediction: $42K Breach as US Defense Eyes BTC
5.12.2023
In a remarkable milestone, Bitcoin has surged to a trading value of $41,740, marking a 2.75% increase on Tuesday. This notable upswing sees the cryptocurrency breaching the $42,000 threshold for the first time since April 2022, a significant moment that underscores the growing mainstream acceptance...
Tether’s Bitcoin Holding Profit Surges to $1.1 Billion as Leading Cryptocurrency Surpasses $42,000
5.12.2023
Source: Adobe/Jim Tether, the company behind the world’s largest stablecoin, has witnessed a significant increase in the value of its Bitcoin (BTC) reserves, surpassing $1 billion in profit. According to data accumulated by crypto analyst EmberCN, Tether currently holds 57,576 BTC, equivalent...
Trillion-Dollar Asset Manager Franklin Templeton: There’s Obviously Demand for Bitcoin
5.12.2023
The CEO of Franklin Templeton, a $1.33 trillion asset manager, says there’s “obviously” a demand for bitcoin, noting that a spot bitcoin exchange-traded fund (ETF) is “a better way” to access the cryptocurrency. The executive added: “It’s going to unlock nontraditional, noncorrelated...
US Defense Department Urged to Integrate Bitcoin to Maintain Superpower Status
5.12.2023
A U.S. Space Force major has urged the Department of Defense to integrate Bitcoin as an “offset” strategy. Emphasizing that “Integration of this technology could revolutionize national defense strategies in cyberspace,” he stressed: “Addressing this could be vital...
Top Crypto Gainers Today on DEXTools – 10000X, BabyGrok, SaFLok
5.12.2023
DEXTools Logo / Source: DEXTools X Account Blue-chip cryptocurrency markets are pumping on Monday led by Bitcoin (BTC), which just surpassed $42,000 for the first time since April 2022, taking its four-day run of gains to move than 10%. A cocktail of bullish catalysts are being cited as supporting...
Bitcoin Miner Riot Secures 66,560 Microbt ASIC Miners to Boost Hashrate by 18 EH/s
5.12.2023
The bitcoin mining corporation Riot Platforms, a publicly traded firm within the industry, recently announced a significant expansion of its operations. The firm has completed its largest-ever acquisition of application-specific integrated circuit (ASIC) miners, securing 66,560 units...
Bitcoin Hits Second-Highest Transaction Day Amid Price Surge, Record Influx of Ordinal Inscriptions
4.12.2023
Bitcoin marked its second most active day for transactions on December 3, 2023, as the cryptocurrency’s value soared past the $40K mark. This surge in activity comes closely after the record-setting day of November 19, 2023, when bitcoin miners validated 710,579 transactions. On Sunday...
Coinbase Brings 2024 US Presidential Candidates Together for Blockchain Forum Ahead of New Hampshire Primary
4.12.2023
US presidential hopefuls will convene at the Coinbase-hosted Crypto Presidential Forum before the influential 2024 New Hampshire primary. Image by niyazz, Adobe Stock. Today, cryptocurrency exchange Coinbase announced plans to host a forum focused on blockchain technology and digital assets...
Tether Blacklists Over 30 USDT Wallets
4.12.2023
Tether, the company behind the issuance of USDT, the largest stablecoin, has blacklisted more than 30 addresses that have received billions in USDT since their first use. According to blockchain intelligence firm Chainargos, the blacklisted addresses had received $161 million from Whitebit,...
Bitcoin Price Prediction as BTC Breaches $40,000 Level For the First Time in 18 Months
4.12.2023
Bitcoin, the trailblazer of the cryptocurrency world, has soared beyond expectations, breaking through the $41,000 threshold, a feat not seen in the last 18 months. This bullish trend is driven largely by market optimism surrounding the U.S. Federal Reserve‘s anticipated interest rate cuts...
Qatar’s Sovereign Wealth Fund Dives into Bitcoin with Potential $500B Investment – Confirmed News or Just Rumors?
4.12.2023
Bitcoin Logo and Qatar / Source: Bitcoin Archive Twitter Well-known Bitcoin (BTC) maximalist Max Keiser tweeted on X late on Sunday that Qatar could be a big bullish driver for the world’s largest cryptocurrency by market capitalization, suggesting that rumors are getting “very loud” that...
El Salvador Triumphs in Bitcoin Bet — President Nayib Bukele Announces $3.6 Million Profit
4.12.2023
El Salvador’s head of state, Nayib Bukele, recently announced that the nation’s bitcoin investment has turned profitable, rebounding from a prolonged period of losses experienced during the majority of last year’s crypto winter. Bukele revealed that the value of...
Crypto.com Gains Key UK Regulatory Approval as Electronic Money Institution
4.12.2023
Cypto.com regulatory approval in the UK sets the stage for the company to offer additional financial services. Image by Timon, Adobe Stock. Today, cryptocurrency platform Crypto.com gained key regulatory approval in the United Kingdom. The company announced in a press release that it has been...
Altcoins in the Limelight — LUNC, IOTA, and ORDI Dominate This Week’s Crypto Gains
4.12.2023
Over the last week, both bitcoin and ethereum experienced significant upticks, with increases of 13% and 10% respectively. Meanwhile, an array of other cryptocurrencies achieved even more impressive growth during the same period. Notably, terra luna classic (LUNC) surged by 122.5% against...
Nettexx: A Definitive Business-Centric Cryptocurrency Platform
4.12.2023
Amidst the continuous transformation of the global marketplace, organizations across diverse industries proactively pursue novel approaches to improve customer contentment and optimize processes. The prevalent adoption of cryptocurrencies significantly impacts the dynamics of business transactions...
Despite DOT’s upswing, traders adopt a skeptical stance
4.12.2023
Polkadot has been on the rise lately. However, the unexpected rise has only put crypto traders on guard. The sudden price surge has resulted in a 6% rise in short positions against DOT. Around 49% of traders had a short position against the crypto a few days ago. Now, the percentage has gone up...
Institutional Traders Split Between Bitcoin and Ether, Skeptical of Altcoins: Bybit Research
4.12.2023
Source: nuttapon / Adobe Stock A recent report from Bybit Research reveals insights into the sentiment and asset allocation of institutional traders in the cryptocurrency market during the first three quarters of 2023. The Bybit Research report delves into the asset allocation strategies...
Ethereum Technical Analysis: ETH’s Strong Averages Clash With Oscillator Signals
4.12.2023
As ethereum marks a significant price of $2,250, its movement within a 24-hour range of $2,151 to $2,271 reflects strong activity in the crypto market. With a substantial trade volume of $26.82 billion and a market capitalization of $269 billion, ether demonstrates its continued and dynamic...
South Africa’s Financial Regulator to Assess 36 Crypto Firms Seeking Licenses in December
4.12.2023
Source: Pexels South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA) is set to review the applications to 36 cryptocurrency companies seeking operational licenses in the country this month. According to a report published by local media sources, the regulator will...
BTC, LUNC, and PEPE rise considerably
4.12.2023
The crypto market is emerging fresh from its crypto winter. BTC is leading the race as a dominant token. Last seen, BTC inched closer to the $41k mark. Other tokens that have picked up momentum are LUNC, which is Luna Classic, and PEPE. The rise is largely credited to some of the notable...