Day: December 10, 2024

Iran Focuses On Crypto To Nullify The Impact of Global Sanctions

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In a strategic shift from its stance on digital currency, Iran has decided to regulate the crypto industry instead of restricting it. The decision was announced by the Minister of Economic Affairs and Finance Abdolnaser Hemmati at a national event in Tehran, where he said that they aim to minimize the risks associated with crypto while reaping all its benefits. The country’s Central Bank will be in charge of managing all the digital assets. From laying down the regulatory framework and helping financial institutions adopt digital assets to monitoring transactions…

Analyst’s ABC Correction Forecast Plays Out Perfectly, Second Half Predicts Bullish Impulse To $2.8

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Este artículo también está disponible en español. The XRP price action has played out notable volatility in the past eight or so weeks, with intense trading activity not seen in over six years. Following the U.S. presidential election on November 5, 2024, where Donald Trump secured victory, XRP’s value surged over 400%, reaching a peak of $2.90 on crypto exchange Binance on December 3.  However, the XRP price has experienced a downturn in the past week. Interestingly, this XRP price correction seems to be playing out an ABC correction path,…

Venice.AI’s Erik Voorhees: Merging Crypto and AI

“Crypto + AI” is personified by Erik Voorhees. His career has spanned the eras. In 2012, when Voorhees launched the blockchain-based gambling game “Satoshi Dice” — which once accounted for half of all Bitcoin transactions — he pioneered a novel use case for cryptocurrency. The founder of the decentralized exchange ShapeShift is now applying the ethos of bitcoin to the next wave of AI, launching Venice.AI with the humble goal of “unfettered civilizational advancement.” In announcing Venice on May 10, Voorhees explained that the app is similar to ChatGPT or…

Marathon parks $1.1b in Bitcoin after note sale

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After completing a convertible note sale, Bitcoin miner Marathon Holdings has increased its total BTC holdings to $3.9 billion. Marathon Holdings bought 11,774 Bitcoin (BTC) for an estimated $1.1 billion at a spot price of approximately $96,000 per token, the Florida-based blockchain infrastructure firm announced on Dec. 10. At $96,500 per token, Marathon Holdings’ total Bitcoin holdings were valued at nearly $4 billion. BTC was trading closer to $98,000 at press time following a liquidation flush on Monday, Dec. 9. 24-hour BTC price chart – Dec. 10 | Source: crypto.news…

Can Bitcoin Be Broken? Debates Ignite as Google’s Willow Chip Pushes Quantum Boundaries

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Following discussions about Google’s latest quantum computing chip, speculation is rife that Bitcoin’s days are numbered and its cryptography is at risk of being compromised. Google’s Willow Chip Launches Heated Bitcoin Discussions On Monday, the CEO of Google and its parent company, Alphabet Inc., Sundar Pichai shared an X thread introducing Willow, a cutting-edge quantum […] Original

Cardano Follows 2020 Bullish Pattern – Top Analyst Plans To Take Profits Between $4 And $6

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Este artículo también está disponible en español. Cardano (ADA) faced a 23% retrace from its local highs yesterday, following a volatile day that saw many altcoins lose ground. Despite the correction, ADA has been one of the top-performing altcoins since November 5, showcasing its resilience amid market fluctuations. Investors remain optimistic that Cardano will continue outperforming as the broader crypto market gains momentum. Related Reading Top analyst Ali Martinez shared a technical analysis on X, highlighting striking similarities between ADA’s current price chart and its 2020 performance—a year marked a…

HBAR To Hit $100? Analyst Points To Utility, Market Cap Potential

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Este artículo también está disponible en español. Hedera’s native cryptocurrency, HBAR, has garnered the interest of investors and cryptocurrency aficionados due to its remarkable recent performance and increasing prominence in the blockchain sector. Related Reading Hedera’s HBAR token, supported by major technology companies like Google, IBM, and Boeing, has the potential to revolutionize decentralized finance. In the preceding month, HBAR has ascended by 430%, attaining a new peak of $0.392 and elevating its market capitalization to nearly $13 billion. Despite some skeptics, analysts believe a $100 price tag for HBAR…

Michael Saylor Outlines U.S.’s Ultimate Bitcoin Reserve Strategy: Dump Gold, Buy Bitcoin

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Michael Saylor, executive chairman and co-founder of Microstrategy, one of the first companies to adopt the bitcoin standard, has proposed that the U.S. purchase 20% or 25% of the bitcoin available using the nation’s gold stash as part of a national strategic reserve policy. From Gold to Bitcoin? Michael Saylor Outlines High Stakes Economic Gambit […] Original