Day: December 19, 2024

Bitcoin Price Reaction Unraveled With Future Projections

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Este artículo también está disponible en español. The Bitcoin price experienced a significant downturn on Wednesday, briefly falling below the $100,000 milestone as the US Federal Reserve’s (Fed) cautious outlook on interest rate cuts dampened crypto investments.  At one point in Wednesday’s trading session, the market’s leading crypto dropped to $98,760 before recovering to the six-figure mark. Other cryptocurrencies, including Ethereum (ETH) and Dogecoin (DOGE), also faced substantial retraces.  Fed’s Cautious Rate Cut Sparks Uncertainty In Markets The Federal Reserve’s decision to lower borrowing costs for the third consecutive time…

Facebook Wins Reprieve as Court Restrains Nigerian Regulator’s $38.55 Million Demand

The Federal High Court in Lagos has granted an interim order restraining the Advertising Regulatory Council of Nigeria (ARCON) from demanding $38.55 million (NGN60 billion) from Facebook Nigeria Operations Limited for an alleged violation. Justice Yellim Bogoro made the order on Dec. 12, 2024, following a motion ex parte filed by Facebook. Facebook sought two […] Source CryptoX Portal

Ethereum Sentiment Hits 1-year Low, Analyst Foresees 30% Run

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Este artículo también está disponible en español. Sentiment for Ethereum (ETH) has reached its lowest levels in a year as the second-largest crypto by market capitalization struggles to reclaim the $4,000 mark. Despite investors’ sentiment, some analysts suggest that the King of altcoins is about to kickstart its bullish run to new highs. Related Reading Ethereum Sentiment Drops To Yearly Low According to crypto analyst Ali Martinez, Ethereum social sentiment has hit a one-year low amid its struggle to turn the $4,000 resistance into support. Per the post, this metric…

Blockchain News: Everything You Need to Know About New Cryptocurrency The Deep State ($DST)

In a cryptocurrency market often dominated by established giants like Bitcoin and Ethereum, a new contender is stepping into the spotlight with a focus on privacy and innovation. The Deep State ($DST) is designed to provide unparalleled on-chain anonymity, ensuring secure and untraceable transactions in an increasingly surveilled digital world. Launching on December 20th, $DST is capturing attention for its cutting-edge privacy features and next-generation blockchain technology, offering users complete control over their financial activities without fear of tracking or interference. As discussions around digital privacy grow, The Deep State…

Our response to Google’s policy change on fingerprinting

Stephen Almond is the ICO’s executive director of regulatory risk. Yesterday, Google announced to organisations that use its advertising products, that from 16 February 2025, it will no longer prohibit them from employing fingerprinting techniques. Our response is clear: businesses do not have free rein to use fingerprinting as they please. Like all advertising technology, it must be lawfully and transparently deployed – and if it is not, the ICO will act. Fingerprinting involves the collection of pieces of information about a device’s software or hardware, which, when combined, can…

Anti-Graft Agency Arrests 792 Suspects in Major Crypto Romance Scam Bust in Nigeria

The Nigerian Economic and Financial Crimes Commission (EFCC) recently arrested 792 suspects involved in crypto romance scams. Scams Traced to Foreign Kingpins The Nigerian anti-graft body, the Economic and Financial Crimes Commission (EFCC), recently arrested 792 suspects implicated in crypto romance scams. The arrests followed a raid on a building believed to be a hub […] Source CryptoX Portal

Crypto Expert Predicts Major Altcoin Season As Market Cap Eyes Record Levels

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Bitcoin’s Price Drives Up Mining Equipment Costs by 30%

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Bitcoin’s recent price surge has driven up mining equipment costs, with Shenzhen’s Huaqiangbei district—a global hub for crypto hardware—seeing a notable 30% price hike.   According to a report by Wen Wei Po, the price of the Antminer S21 335T, a mining device, has now reached $5,600, or around RMB 40,700, climbing up by 30% compared to last year’s price of $3836.19, which comes to 28,000 RMB. There is even much higher demand for the Antminer S21 XP, a raw mining device with water-cooling facilities, which has continued to cause stockouts…

Bitcoin May Surge To $200,000 By Mid-2025 Amid ‘Mild’ Price Pullbacks: Report

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Este artículo también está disponible en español. In a report published on December 17, analysts at cryptocurrency exchange Bitfinex stated that a combination of rising institutional adoption of Bitcoin (BTC) and bullish technical indicators could push the leading cryptocurrency as high as $200,000 by mid-2025. The report also predicts that any price corrections during 2025 are likely to ‘remain mild.’ Bitcoin Pullbacks To Be Mild In 2025 Earlier this month, Bitcoin crossed the psychologically significant $100,000 price level, pushing its total market capitalization to slightly above $2 trillion at the…

Is the Owner of Peanut the Squirrel a Serial Memecoin Opportunist?

The 34-year-old mechanical engineer turned pornstar, is allegedly involved in multiple memecoin scandals. Owner of Peanut the Squirrel Faces Accusations Mark Longo meticulously crafted the persona of a warm-hearted animal lover, unfairly targeted by a tyrannical government entity. When Longo’s home was raided by New York State Department of Environmental Conservation (NYSDEC) agents on October […] Source CryptoX Portal