Day: December 31, 2024

Expert Insight: Cryptocurrency Mining Accounts for Nearly 1% of Russia’s Energy Resources

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Alexey Zhikharev, director of the Renewable Energy Development Association (REDA), revealed that cryptocurrency mining accounts for almost 1% of Russia’s energy consumption. He stated that as the industry grows, miners will increasingly employ renewable energy sources. Russia’s Cryptocurrency Mining Energy Expenditure Nears 1% of the Nation’s Total The growth in Russia’s cryptocurrency mining industry energy […] Source

Will $1.9 Support Trigger A Rebound?

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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…

Ether (ETH) Is Expected to Outperform Bitcoin (BTC) in 2025, Steno Research Says

Ether (ETH), the second-biggest cryptocurrency by market cap, is likely to outperform larger rival bitcoin (BTC) in 2025, Steno Research said in a report Sunday, citing historical trends and Donald Trump’s U.S. election victory. Bitcoin is predicted to reach a minimum of $150,000 next year, up from about $94,000, while ether will more than double to at least $8,000 from $,3400, the report said. Steno said it expects the ether/bitcoin ratio to rise to 0.06 in the next 12 months from the current 0.0357, echoing the price action seen in…

Top Analyst Reveals His Picks

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With the new year just one day away, crypto analyst Alex Wacy (@wacy_time1) shared an overview of what he calls the best altcoins heading into 2025. The analyst, who has amassed an audience of over 190,000 followers on X, highlighted several projects that he believes have the potential to dominate in the potential coming altseason. Best Altcoins In 2025 He begins with Render (RNDR), describing it as a decentralized GPU rendering platform for AI, metaverse, and creative content. He maintained that “Render is poised to become a key player in…

Nano Labs rebrands subsidiary to Nano bit, expands into Bitcoin ecosystem

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The strategic rebranding of Hangzhou-based Nano Labs indicates a dedication to blockchain development and international market growth. Today, Nano Labs Ltd., a prominent fabless integrated circuit design firm and supplier of product solutions in China, announced that Tsuki HK Limited, its fully-owned subsidiary, has been formally renamed to Nano bit HK Limited. With this rebranding, Nano bit is reentering the Bitcoin ecosystem and intends to create projects and businesses centered around Bitcoin (BTC). Nano Labs’ dedication to promoting blockchain infrastructure innovation is demonstrated by Nano bit HK Limited’s planned focus…

Slinky Launches Airdrop to 27.7 Million Wallets on Solana

Slinky, a blockchain project that uses ZK compression, has launched an airdrop to distribute 10% of its total supply to 27.7 million wallets on Solana. The project utilizes ZK-compressed token accounts, a storage mechanism that allows launching a massive airdrop and keeps costs low. Slinky explained that by employing traditional methods, such an operation would […] Source CryptoX Portal

Bitcoin ETFs log continued outflows as BTC remains under $93k

Spot Bitcoin exchange-traded funds in the United States continued to experience outflows on Dec. 30, with Bitcoin remaining below $93,000. According to data by SoSoValue, the 12 spot Bitcoin ETFs recorded $426.13 million in outflows on Dec. 30 extending their outflow streak to two consecutive days that saw $723.8 million leave the funds. Fidelity’s FBTC saw the highest outflows of the day with $154.64 million withdrawn from the fund while Grayscale’s GBTC followed with an outflow of $134.5 million. Additional outflows were seen from BlackRock’s IBIT, Grayscale Bitcoin Mini Trust,…

“Grand Finale” Is Around The Corner

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Este artículo también está disponible en español. With the new year approaching, some analysts forecasted a “very bullish” 2025 for Altcoins. The sector is expected to explode soon and kickstart the long-awaited “Altseason” after retesting a key support level. Related Reading Altcoins Retest Key Support Level Amid the recent market’s performance, many Altcoins have struggled to record significant gains. However, several market watchers forecasted the start of the altcoin will come as soon as January 2025. Fueled by the post-US election pump, the total crypto market capitalization, excluding Bitcoin and…

Chainlink price forms risky pattern but expert predicts a rebound in 2025

Chainlink price has suffered a big reversal in the past two weeks, but one top crypto analyst expects its price to surge in 2025. Chainlink (LINK) dropped to $20.25 on Monday, Dec. 30, down by 35% from its highest level this year. This decline was in sync with Bitcoin and other cryptocurrencies, which have shed billions in value this month.  In an X post, Michael van de Poppe, a prominent crypto pundit with over 748,000 followers on X, said that Chainlink’s uptrend had just begun. He believes the coin is…