Day: December 20, 2024

Japan’s Metaplanet borrows $31.91M via bonds to buy Bitcoin

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Metaplanet Inc. has declared that it issued its 5th Series of Ordinary Bonds via private placement with EVO FUND for ¥5 billion to buy more Bitcoin. In a notice released on Dec. 20, today, the company has announced the issuance of its 5th Series of Ordinary Bonds for raising approximately $31.91 million through EVO FUND. This news closely follows the company’s previously disclosed intent to issue up to ¥5 billion in ordinary bonds.  The proceeds from this issuance will be allocated towards purchasing Bitcoin (BTC), as detailed in the company’s…

Here’s why MOVE rallied 26% as the crypto market tanked

MOVE, the native token of the Ethereum layer-2 blockchain Movement, experienced a significant price rally outpacing the broader crypto market, which remained on a downward trajectory. Movement (MOVE) recorded the highest gains among the top 100 largest crypto assets on Dec. 20, reaching an intraday high of $0.877 and closing with a market capitalization of nearly $2 billion. The altcoin’s price rally coincided with a 63% rise in daily trading volume, which exceeded $1.6 billion, indicating growing interest among traders. Additionally, CoinGlass data reveals that open interest in its futures…

Could A Drop To $75,000 Signal The Final Correction?

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Este artículo también está disponible en español. Since Donald Trump’s election victory on November 5, Bitcoin (BTC) has experienced a substantial rally, reaching record highs above $108,000. However, this momentum has recently faltered, with the cryptocurrency dropping below the critical $100,000 mark, This has prompted analysts to speculate on a potential deeper correction with some experts believing Bitcoin could dip to levels around $85,000 or even $75,000 before resuming its upward trajectory. Is It A Temporary Setback Or The Calm Before A Final Surge? Analyst Morecryptoonl highlights that the current…

BONK goes live on Robinhood as meme coins continue to struggle

Prominent cryptocurrency and stock trading platform Robinhood continued to expand its meme coin offering with the listing of Bonk. According to a Dec. 20 announcement, the Solana-based meme coin will now be accessible to over 24 million Robinhood users. BONK became the fifth meme coin to be listed on the Menlo Park unicorn, which initially started offering crypto trading in February 2018. Robinhood listings typically lead to short-term price surges for newly added tokens, as seen with Dogwifhat (WIF) and Pepe (PEPE). WIF, the second meme coin listed in November,…

Hybrid L2 BOB Leverages Babylon for Bitcoin Finality

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Build on Bitcoin (BOB), a hybrid Layer two (L2) blockchain combining Bitcoin and Ethereum’s features, has integrated with Babylon, a bitcoin (BTC) staking protocol, to achieve Bitcoin-Secured Network (BSN) status. Babylon Collaboration Expands BOB’s Bitcoin Defi Ecosystem According to BOB’s announcement shared with Bitcoin.com News, the partnership marks a significant development in BOB’s roadmap, enhancing […] Original

XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals

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An analyst has pointed out how XRP and Solana are among the altcoins that have just observed a Tom Demark (TD) Sequential buy signal on their 4-hour prices. Four Altcoins Are Seeing A Buy Signal On The TD Sequential In a new post on X, analyst Ali Martinez has talked about the TD Sequential signal that four different altcoins have seen on their 4-hour charts. The “TD Sequential” is an indicator from technical analysis (TA) used to locate probable turnaround points in a given asset’s price. The indicator involves two…

Bitcoin To Hit $1 M by 2030

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Cathie Wood, who is the CEO and chief investment officer of Ark Investment, made a prediction during an interview with Bloomberg, suggesting that Bitcoin will hit a price of $1 million by 2030. In the conversation on Dec. 20, Cathie Wood pointed towards Bitcoin’s (BTC) fixed supply of 21 million cap as the key denominator which will drive the asset’s value. She brought to light the scarcity of BTC as more than 19.5 million BTCs have already been mined, which she says have increased the institutional investor’s hunger for the…

‘Hawk Tuah’ Girl Hailey Welch Faces Lawsuit After 95% Crash

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Este artículo también está disponible en español. Hailey Welch, popularly known as the “Hawk Tuah Girl,” has been absent from public view for two weeks, igniting a wave of controversy surrounding her cryptocurrency project, the Hawk Tuah (HAWK) memecoin.  Welch, who gained fame through her podcast “Talk Tuah,” last communicated with her audience by stating she was “going to sleep,” shortly before the value of her memecoin plummeted by a staggering 95%. Investors Sue Hailey Welch Over Alleged Memecoin Fraud The fallout from the rapid decline in the Hawk Tuah…

Dogecoin’s 11% Drop Leads Losses in Crypto Majors as Bitcoin Sours Festive Mood

Losses in bitcoin (BTC) and other crypto majors extended to their third straight day, as risk-off behavior after this week’s FOMC meeting and general profit-taking contributed to heavy market sentiment. BTC dropped 4.2% in the past 24 hours, with Solana’s SOL, ether (ETH) and Cardano’s ADA falling as much as 9%. Dogecoin slid the most with an 11% drop, extending weekly losses to over 21%. The broad-based CryptoX 20 (CD20), an index of the largest tokens by market cap, fell 5.5%. That spread over to futures markets, with over $890…

OKX unveils Ordinals Launchpad platform for direct Bitcoin inscription

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OKX has announced the launch of Ordinals Launchpad, a platform that allows on-chain creators to launch, inscribe and trade collections directly on the Bitcoin ecosystem. The major crypto exchange OKX is bringing Ordinals into the fold by releasing the new Ordinals Launchpad platform for creators who want to launch and inscribe directly on Bitcoin (BTC). The platform provides creators with the tools, exposure and technical support needed to make the Bitcoin inscription process as simple as possible. According to the official notice, the Ordinals Launchpad platform can now be accessed…