Day: December 13, 2024

‘Bitcoin is better than gold’ as a reserve asset

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Dan Morehead, founder and managing partner of Pantera Capital, made it clear that he thinks crypto is a better reserve investment than gold. Speaking with CNBC on Thursday, Morehead compared the development of blockchain technology to historical financial innovations and expressed some serious optimism about the crypto and blockchain space — especially as more and more institutions expose themselves to it. “Presently, most institutions really have almost zero exposure to blockchain, so once they start engaging in the space, it should do well,” he said. Morehead cited regulatory uncertainty as…

Coinbase delists Tether, other MiCA noncompliant stablecoins

Coinbase will restrict European users from trading certain stablecoins like Tether due to MiCA regulatory requirements. Starting Dec. 13, Coinbase Europe will delist a basket of stablecoin tokens, including crypto’s largest fiat-pegged currency, Tether (USDT), to comply with broader rules enshrined in the Markets in Crypto-Assets framework. Coinbase will also prohibit trading for stablecoins like PAX, PYUSD, GUSD, GYEN, and Maker’s DAI, which were categorized as MiCA noncompliant tokens. Notably, the crypto exchange will continue trading support for Circle stablecoins (USDC) and EURC. Circle previously secured a European stablecoin license,…

What The Sudden Volatility Means For The Market

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Este artículo también está disponible en español. Crypto analyst Master Kenobi has provided extensive analysis, which discusses the Bitcoin price dominance and altcoin season. In his analysis, Master Kenobi also revealed what this sudden volatility means for the market.  Where The Bitcoin Price Dominance Is Headed  In an X post, Master Kenobi stated that the Bitcoin price dominance was meant to have begun its decline yesterday. However, the drop started 20 days earlier than anticipated. The crypto analyst added that. Having recorded three consecutive red weeks, Bitcoin’s dominance has entered…

Ukraine Primed To Legalize Cryptocurrency in the First Quarter of 2025: Report

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Ukrainian legislators are reportedly likely to approve a proposed law that will legalize cryptocurrency in the country. Citing a statement from Danylo Hetmantsev, chairman of the unicameral parliament Verkhovna Rada’s Financial, Tax and Customs Policy Committee, the Ukrainian online newspaper Epravda reports there is a high probability that Ukraine will legalize cryptocurrency in the first quarter of 2025. Says Hetmantsev, “If we talk about cryptocurrency, the working group is completing the preparation of the relevant bill for the first reading. I think that the text together with the National Bank…

Bitcoin Technical Analysis: Is $103,000 the Final Hurdle Before a Massive Rally?

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Bitcoin’s price is holding steady at $101,056 per coin, signaling a phase of stabilization as traders analyze conflicting indicators from oscillators and moving averages across various timeframes. Bitcoin On the 1-hour chart, bitcoin is in a consolidation pattern with a mild upward trend after tumbling from $102,582 to $99,250. The $99,000-$99,500 range has shown dependable […] Original

Riot acquires 5,117 BTC for $510m

Riot Platforms has added to its growing Bitcoin holdings after the crypto miner and infrastructure provider scooped 5,117 more BTC for $510 million. The Colorado-based Bitcoin (BTC) mining company announced the fresh acquisitions on Dec. 13, noting that the purchase follows its $525 million convertible bond issue. On Dec. 11, Riot announced a $500 million convertible notes offering, which then upsized to an additional $75 million. The company’s latest BTC purchase is the proceeds of this issuance — a 5,117 BTC haul netted at the average price of $99,669 per…

8 Coins That Could Make You Rich

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Christmas is fast approaching, and if you want to hopefully give yourself something to ho ho ho about, then how about investing in some top crypto coins? Or give someone else the gift of a meme coin since nothing says Christmas more than a coin with a frog’s head on it. In that spirit, here are eight strong up-and-coming coins that could potentially make you rich in 2025. However, we can’t make guarantees, only predictions. So only invest what you can afford to lose. 1. Crypto All-Stars ($STARS) Crypto All-Stars…

BONK Struggles To Sustain Gains As Selling Pressure Mounts

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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

Satoshi-era Bitcoin buyer sentenced to two years for tax fraud

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Frank Richard Ahlgren III, an early Bitcoin investor from Texas, has been sentenced to two years in prison for tax fraud.  According to the Department of Justice, Ahlgren underreported $3.7 million in Bitcoin (BTC) capital gains on his 2017 tax return and failed to disclose additional BTC sales worth $650,000 over the next two years. Per the DOJ, “Ahlgren was an early investor in bitcoins and purchased bitcoins as early as 2011,” which places Ahlgren as a Satoshi-era investor. Satoshi era refers commonly to the period when Bitcoin’s pseudonymous creator,…

Trump considering FDIC rebuild, raising crypto industry hopes

The Wall Street Journal reported that incoming President Donald Trump’s transition team is exploring plans to alter or potentially eliminate the Federal Deposit Insurance Corporation.  According to sources that spoke to the WSJ, Trump’s advisers have questioned candidates for regulatory positions on the feasibility of merging the FDIC with other agencies or absorbing its functions into the Treasury Department. These discussions are part of broader efforts under Trump’s proposed Department of Government Efficiency to shrink federal oversight and streamline financial regulation.  According to the WSJ, the talks also extend to…