On New Year’s Eve, Linda Yaccarino, CEO of X Corp (formerly Twitter), shared an exciting glimpse into what 2025 holds for the company. She introduced “X TV,” a new feature on the horizon, and hinted at the much-anticipated payments system, X Money. CEO of X Corp Hints at Social Media App’s Money Transfer Platform Throughout […] Source CryptoX Portal
Day: January 1, 2025
Is the Bitcoin Bull Market Over? Analysts Weigh In
10x Research and its CEO and Head of Research, Markus Thielen, have recently taken a more cautious stance on bitcoin (BTC), prompting a re-evaluation of market conditions. Has Bitcoin Peaked? Analysts Spot Ominous Signals In a market update published on Dec. 29, 2024, the firm acknowledges the cryptocurrency’s resilience, however, emerging technical patterns suggest the […] Original
Crypto Tech 2024 Review: Ethereum Duncun, Solana Surge, and Layer-2 Boom
This special edition of the Protocol looks back at 2024’s groundbreaking developments and forward to what the coming year might bring for blockchain technology. Let’s dive into the milestones, trends, and predictions shaping the next era of crypto. This article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday. 1. A Look Back: Top Crypto Tech Milestones of 2024 Ethereum’s Duncun Upgrade: 2024 marked Ethereum’s most…
Mining Milestone: Bitcoin Hashrate Hits Record 808 EH/s on New Year’s Eve
Much like the end of 2023, when Bitcoin broke records with its transactional volumes and hashrate, the cryptocurrency rang in New Year’s Eve with a bang. The network’s computational power hit a jaw-dropping peak of 808 exahash per second (EH/s), smashing through previous limits. From 948,000 H/s to 808 Quintillion: Bitcoin’s 16-Year Evolution in Mining […] Original
FLOKI DAO approves liquidity funding for Floki ETP
The Floki DAO has approved a proposal that seeks to allocate a portion of Floki supply as liquidity funding for a Floki exchange-traded product. The decentralized autonomous organization, which supports the development of the FLOKI (FLOKI) project, unanimously passed the proposal. What this means is that part of the 16.3 billion FLOKI tokens in the community buyback wallet will help fund the soon-to-be launched Floki ETP. Meanwhile, the project will permanently burn the rest of the tokens. With this development, Floki is poised to become the only other meme coin…
Volumes on Decentralized Exchanges Soar to an All-Time High of $478,838,000,000 in December: On-Chain Data
Monthly trading volume on decentralized exchanges (DEXes) has reached new all-time highs, according to the latest on-chain data. According to blockchain data aggregator DefiLlama, DEX volume for December was $422 billion, the highest ever on record. The month of November was also an all-time high, according to DefiLlama. Source: DefiLlama Uniswap, Ethereum’s (ETH) biggest DEX, recorded the most amount of volume while Raydium (RAY), the largest DEX on Solana, placed second. Most other chains saw an increase in volume, and DeFI as a sector is growing, perhaps getting a boost…
Holiday Bitcoin Rollercoaster: QCP Capital Teases Major January Trigger
QCP Capital observes that bitcoin (BTC) has faced erratic price fluctuations, largely attributed to the thin liquidity during the holiday period, which has limited any recent attempts at recovery. The Singapore-based crypto asset trading firm also shared its perspective for 2025, noting that analysts at QCP foresee a “key catalyst may come in January.” With […] Original
Lightchain AI Launches DAO Voting Today – Preparing to Transform Decentralized AI
PRESS RELEASE. The fusion of artificial intelligence and blockchain technology has brought us some of the most exciting innovations of this century. But what if these groundbreaking technologies were directed by YOU—the community? Lightchain AI is doing just that. Starting today, Lightchain AI is unleashing a game-changing era in decentralized AI, kicking off DAO (Decentralized […] Source CryptoX Portal
New Year’s ETF Action: Bitcoin and Ether Funds Close 2024 With Modest Gains
On New Year’s Eve, the spotlight was on spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs), which ended the year with modest gains. Bitcoin ETFs saw inflows totaling $5.32 million, while ether ETFs brought in a more impressive $35.93 million. Ethereum ETFs Shine on Dec. 31 as Bitcoin Funds Face Mixed Results On Tuesday, […] Original
Bitcoin Technical Analysis: Bulls Eye $95,000 Breakout Amid Consolidation Battle
Bitcoin is bouncing between $93,928 and $94,154 this hour, boasting a market cap of $1.86 trillion, a daily trading volume of $29 billion, and a price swing today from $92,852 to $95,638. Bitcoin The 1-hour chart shows bitcoin in a holding pattern, trying to pick up steam after dipping to $92,233. The indicators are a […] Original