Bitcoin Faces $19.8B Options Expiry. What Could It Mean for BTC Price?
Bitcoin traders are gearing up for a critical $19.8 billion options expiry set to occur on Dec. 27 at 8:00 am UTC. The cryptocurrency’s recent rally past $100,000 has caught bearish investors off guard, leaving bullish participants in a strong position to leverage the event and potentially push Bitcoin to fresh all-time highs. At present, […]
BlackRock Suggests 1-2% Bitcoin Allocation as a ‘Prudent’ Portfolio Strategy
Global asset management giant BlackRock has suggested that a portfolio allocation of up to 2% in Bitcoin is a “reasonable” choice for investors seeking exposure to the cryptocurrency, according to a report released on December 12. The report, advises that a 1-2% allocation offers a balanced approach to Bitcoin exposure. However, it warns that exceeding […]
Bitcoin May Soar to $160K by 2025 Amid Favorable Macro Trends
The price of Bitcoin might soar to $160,000 in 2025, driven by favorable global economic conditions and accommodating monetary policies, according to a recent analysis by crypto services firm Matrixport. Bitcoin made history on Dec. 6, reaching the $100,000 milestone for the first time—a moment that many in the crypto community had eagerly anticipated. Adding […]
Why Major Tech Companies Like Amazon Might Be Reluctant to Embrace Bitcoin
Tech giants like Amazon, holding $87 billion in cash reserves, face the challenge of inflation eroding purchasing power. A shareholder proposal from the National Center for Public Policy Research (NCPPR) urges Amazon to consider adopting Bitcoin as a treasury asset, presenting it as a hedge against inflation. The proposal argues traditional measures of inflation, like […]
Solana Surpasses Ethereum’s 8-Year Dominance as Leading Ecosystem for New Developers
In a significant shift within the blockchain space, Solana has overtaken Ethereum as the leading ecosystem for attracting new developers, breaking Ethereum’s eight-year dominance. While Ethereum remains the global leader in overall developer activity, this development marks a major milestone for Solana. Solana’s Rapid Growth in Developer Interest According to a December 12 report by […]
Binance Records $24 Billion in Inflows from 250M Users in 2024
Global cryptocurrency platform Binance has amassed over $24 billion in user deposits throughout 2024, according to data compiled by DefiLlama. In a recent update, Binance highlighted its inflows outpacing the combined total of 10 rival exchanges. The company attributed this remarkable growth to increased global interest in cryptocurrencies, fueled by regulatory breakthroughs, record-setting price movements, […]
Texas Legislator Introduces Bill to Create State Bitcoin Reserve
A member of the Texas House of Representatives has introduced a bill aimed at creating a Bitcoin reserve within the state’s treasury system. The proposed legislation, informally called the “Texas Strategic Bitcoin Reserve Act,” was filed by Representative Giovanni Capriglione on Dec. 12. The bill suggests that Bitcoin be held as a reserve asset by […]
Coinbase Plans to Remove Tether’s USDT Stablecoin from European Markets
As the enforcement deadline for European crypto regulations approaches, exchanges across the region are preparing to delist stablecoins that fail to meet compliance standards. Coinbase’s European branches—Coinbase Europe, Coinbase Germany, and Coinbase Custody International—are set to remove Tether’s USDT and five other stablecoins from their platforms on December 13. The announcement was made by Coinbase […]
Bitcoin ETF Promotions Appear on China’s Alipay Platform
Alipay, China’s leading payment platform with over 1 billion users, has reportedly displayed advertisements promoting Bitcoin and cryptocurrency investments to users in mainland China. According to a report by local news outlet Sina Finance on Dec. 12, mainland users noticed ads for spot Bitcoin exchange-traded funds (ETFs) on their Alipay homepage. The promotional content highlighted […]
Vancouver Sets Path to Becoming a ‘Bitcoin-Friendly City’
The Vancouver City Council has approved a motion to explore adopting Bitcoin within its financial framework, including the potential establishment of a Bitcoin reserve and the integration of cryptocurrency payment options. Mayor Ken Sim spearheaded the initiative at the council meeting on December 11, proposing that embracing Bitcoin could act as a hedge against inflation […]