Day: December 24, 2024

Binance Altcoin Market Crowns XRP As December’s Champion

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

North Korean hackers likely behind DMM Bitcoin’s $307m attack

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Japanese police revealed Tuesday that hackers affiliated with the North Korean regime are likely behind the $307 million attack on crypto exchange DMM Bitcoin. North Korean hackers are said to be behind a multi-million attack on a crypto exchange, which cost the platform over $300 million worth of crypto in stolen funds. In a Dec. 23 press release, the Federal Bureau of Investigation alongside Japan’s National Police Agency revealed that the hack, which occurred in May, is linked to North Korean cyber actors and is associated with the threat group…

Q3 VC Funding: AI/ML Holds Strong, Fintech and Web3 See Significant Growth

The Pitchbook report shows artificial intelligence and machine learning continued to dominate early-stage venture capital investment in the third quarter of 2024. Investors Maintain Confidence in AI/ML According to Pitchbook’s Emerging Tech Indicator report, artificial intelligence (AI) and machine learning (ML) continued to dominate early-stage venture capital (VC) investment in the third quarter of 2024. […] Source CryptoX Portal

Brazil’s largest crypto exchange Mercado Bitcoin integrates INJ

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Mercado Bitcoin, Brazil’s largest cryptocurrency exchange, has integrated INJ, the native token of the Layer-1 Injective blockchain. According to a Dec. 23 X post from Injective, INJ, the native utility and governance token of the Layer-1 Injective blockchain, is now officially integrated into the oldest Latin American exchange. The move will allow over 3 million Mercado Bitcoin customers to directly access the Injective ecosystem using fiat currencies like the Brazilian Real via its fiat to crypto on-ramp. As such, users will be able to engage with Injective’s decentralized finance ecosystem,…

Crypto Remittances Grow In El Salvador Reaching 1% Share

The Reserve Central Bank has confirmed that the cryptocurrency usage for remittances in El Salvador is still marginal at best. According to recent data released by the institution, crypto remittances registered a growth of 2.5% between January and August, but still account for just 1% of all the volumes transferred to Salvadorans from abroad. One […] Source CryptoX Portal

Bitcoin ETFs continue outflow streak as BTC tumbled under $93k

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Spot Bitcoin exchange-traded funds in the United States saw their third straight day of outflows as Bitcoin struggled to recover to $100K following the Fed’s hawkish rate cut. According to data from SosSoValue, the 12 spot Bitcoin ETFs recorded $226.56 million in inflows on Dec. 23 exterior their streak of outflows to three days that saw over $1.18 billion leave the funds. The majority of outflows were seen from Fidelity’s FBTC which logged outflows of $145.97 million while Grayscale’s GBTC followed with $38.39 million withdrawn from the fund. Other BTC…

What Does Nearly $14B in Expiring Options Mean for Bitcoin?

Just when you thought the year-end couldn’t get any more intriguing, a significant options expiry is set to shake things up in this highly levered-up market. Options are derivative contracts that give the purchaser the right to buy or sell the underlying asset at a preset price at a later date. A call gives the right to buy, and a put confers the right to sell. On Friday at 8:00 UTC, 146,000 bitcoin options contracts, valued at nearly $14 billion and sized at one BTC each, will expire on the…

Why XRP Could Be 10X Bigger Than Apple, Nvidia: Wealth Guru

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Ripple’s XRP has been the subject of recent media attention, and for good reason. The cryptocurrency has experienced a significant increase in 2024, with a gain of over 258% since the start of the year. XRP’s price had risen significantly from its low of $0.22 in early 2021 to approximately $2.30 as of mid-December. XRP has now surpassed stablecoin Tether (USDT) to become the third-largest cryptocurrency by market capitalization, a testament to its extraordinary growth. Related Reading Linda Jones, a well-known wealth mentor, has just lately delivered her most current…

Cosmos Network Developers Sold Over $27 Million in Bitcoin

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According to on-chain analyst Yujin, the Cosmos Network developers transferred 295.3 Bitcoins. It is the first large-scale transfer to be seen in almost two years.  At the current price of $94,410.82, 295.3 Bitcoins (BTC) stand at roughly $27.8 million. Yujin explained that some of the BTC sold in the recent dip are likely from the funds raised around the time of Cosmos’ Initial Coin Offering in 2017 when the project received high-value contributions in BTC and Ethereum (ETH). This new transfer is not the only one that Cosmos developers have…