4 New BTC Price Targets Predict Bitcoin Surpassing $124K by New Year
Bitcoin is projected to gain at least 25% against the United States dollar by 2025, based on recent forecasts. The latest price predictions all converge on Bitcoin reaching six figures, solidifying its position as a dominant force in the financial world over the next year. On Dec. 5, Bitcoin made headlines by crossing the $100,000 […]
MicroStrategy’s Bitcoin Investments Yield $17B in Profit
MicroStrategy (MSTR) has reaped over $17 billion in unrealized profits from its massive Bitcoin acquisitions, according to data from MSTR Tracker. Originally focused on software, the company transitioned into a high-profile Bitcoin investor under founder Michael Saylor’s unconventional approach to corporate treasury management. Since 2020, MicroStrategy has accumulated more than $23 billion worth of BTC, […]
Hawk Tuah Memecoin Tumbles 90% After Backlash Over Launch
The debut of viral influencer Haliey Welch’s Hawk Tuah memecoin has ignited a social media firestorm after the token’s rapid rise and subsequent collapse. Accusations of insider wallets and sniper activity during its launch have only fueled the backlash. Welch has refuted claims of insider trading, asserting that neither her team nor affiliated entities engaged […]
Mt. Gox Transfers $2.4B in Bitcoin Following BTC’s Breakthrough Above $100K
On December 5, the defunct crypto exchange Mt. Gox made headlines by transferring over 24,000 Bitcoin — valued at nearly $2.5 billion — to an unidentified address. This significant move occurred shortly after Bitcoin achieved a landmark price of $100,000. Data from Arkham Intelligence reveals that Mt. Gox transferred 24,051 Bitcoin to an address starting […]
Bitcoin Surges to Historic $100K Milestone
In a historic moment for the cryptocurrency market, Bitcoin has officially surpassed the $100,000 price milestone, reflecting an extraordinary year of growth and adoption. The cryptocurrency achieved this significant feat on Dec. 5, reaching $100,000 and later setting a new all-time high of $104,000 at 3:08 am UTC, just 90 minutes after breaking the psychological […]
Ripple’s RLUSD Stablecoin: Key Insights Ahead of the Launch
Ripple is gearing up to introduce its U.S. dollar-pegged stablecoin, Ripple USD (RLUSD), a development eagerly awaited by the cryptocurrency community. The launch is slated for December 4, pending official confirmation from the company. Approval and Launch Details According to reports, RLUSD has received approval from the New York Department of Financial Services, setting the […]
BRICS Member Russia Recognizes Bitcoin and Crypto’s Potential
In a recent interview, Russian President Vladimir Putin, a prominent leader within the BRICS alliance, shared his optimistic views on the growing prominence of Bitcoin and digital currencies. Speaking on Russian television, Putin expressed confidence in the ongoing development of cryptocurrency, emphasizing its inevitability. BRICS, known for its forward-thinking economic strategies, has already signaled its […]
Trump nominates Paul Atkins to replace Gensler as SEC chair
President-elect Donald Trump has selected Paul Atkins, a prominent supporter of cryptocurrency, to succeed Gary Gensler as the head of the U.S. Securities and Exchange Commission (SEC). Announced on Dec. 4, Trump emphasized Atkins’ extensive background and accomplishments, including his previous tenure as an SEC commissioner. In a statement shared on Truth Social, Trump said: […]
SEC Receives Grayscale Filing for Solana Spot ETF
Grayscale Investments, a prominent digital asset management firm, has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot Solana exchange-traded fund (ETF). If granted approval, the proposed fund, named the Grayscale Solana Trust and trading under the ticker “GSOL,” would be listed on the New York Stock Exchange. The SEC […]
Binance Dominates Bitcoin Deposits Among Crypto Exchanges in 2024
Cryptocurrency exchanges have experienced a significant surge in average deposits in 2024, largely driven by increased participation from institutional and corporate investors. A report from CryptoQuant on Dec. 3 reveals that Binance has led the way in Bitcoin deposits, with its average daily deposit rising by 2.77 BTC over the course of the year. This […]