Ethereum long-term holders climbed in 2024 as Bitcoin holders fell
Long-term ETH holders have proved they have superior diamond hands to Bitcoiners throughout 2024.
Could a Deeper Drop Be Ahead?
Bitcoin price failed to surpass $95,500 and declined again. BTC is back below $94,500 and might revisit the $91,200 support zone. Bitcoin started a fresh decline from the $96,500 zone. The price is trading below $95,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $94,000 … Read more
El Salvador Showcases Bitcoin Success in Key Meeting With Chinese Ambassador
El Salvador’s vice president highlighted bitcoin’s role in economic growth during a meeting with China’s ambassador, emphasizing Chinese cooperation in advancing digital infrastructure projects. El Salvador Spotlights Bitcoin Wealth in Discussions With Chinese Delegation El Salvador’s Vice President Félix Ulloa highlighted the country’s bitcoin success in a meeting with Chinese Ambassador Zhang Yanhui, the Office … Read more
MicroStrategy Stock Price Slips 11%, BTC Holdings Outpace Next Halving Output
MicroStrategy’s stock price dropped 11% last week, closing at $330 according to Yahoo Finance data. Despite this decline, the company’s Bitcoin (BTC) holdings surpassed a major milestone, eclipsing the projected mining output for the next halving epoch. This stark contrast between the company’s Bitcoin strategy and its stock performance underscores the mixed market sentiment surrounding … Read more
Crypto hackers take new spin on fake job scam, dropping ‘nasty’ malware
Rather than tricking victims into opening malware-infested PDFs or running malicious video calling software, this attack method prompts victims to fix a microphone and camrea access issue.
a16z Crypto Supports Lawsuit Against New DeFi Broker Rules
Michele Korver, the head of regulation at a16z Crypto, has expressed support for the lawsuit against the U.S. Treasury, Secretary Janet Yellen, and the country’s Internal Revenue Service over the new “DeFi brokers regulation rules.” a16z Crypto Joins Others in Lawsuit Against DeFi Broker Rules In an X post, Korver expressed concerns regarding the … Read more
From Election Excitement to Post-Election Doldrums: December on Polymarket
According to data, Polymarket experienced its busiest month ever in November, driven largely by the U.S. Presidential Election. However, December’s activity has cooled off, with trading volumes falling below not only November’s peak but also October’s numbers. Additionally, open interest has sharply declined, dropping from nearly $500 million to a current total of $117 million. … Read more
Short-Term Thinking Stalls Altcoin Breakouts, Warns Syncracy CEO
The altcoin market faces stagnation as traders prioritize short-term gains over long-term value, according to Syncracy Capital co-founder Daniel Cheung. Cheung highlighted on Dec. 28 that heightened volatility stems from a shift in trading behavior, with many adopting high-frequency strategies to time entries and exits. The total cryptocurrency market cap excluding Bitcoin (BTC) and Ethereum … Read more
Qubetics, Solana, and Immutable X Stand Out as Clear Winners
2024 has been a whirlwind year for cryptocurrency enthusiasts, with countless opportunities to stake a claim in the future of finance. As December rolls in, the hunt for the best cryptos to buy for December 2024 is heating up. With the market brimming with innovation and potential, investors are eyeing projects that promise returns and … Read more
Today’s PoW Mining Marvels: Scrypt Takes the Throne as 2024’s Top Algorithm
During the opening week of the year, the Kheavyhash algorithm—used for mining kaspa (KAS)—topped the profitability charts among proof-of-work (PoW) algorithms. Fast forward to today, and Scrypt has claimed the crown as the most lucrative choice for miners, particularly those extracting dogecoin (DOGE) and litecoin (LTC). Mining Algorithms Push Limits in a Historic Year As … Read more