Day: January 3, 2025

Blockchain Adoption Hits New Heights With $10 Trillion Milestone In 2024

Key indices such as adoption, transaction volumes, and activity levels reached new highs in 2024, giving blockchain technology a significant boost. Despite persistent regulatory hurdles, blockchain is booming, as shown by this increase. Blockchain networks have proven their ability to thrive and are moving toward broader use, even as regulators keep a close watch on the industry. On-Chain Transactions Hit New Heights However, the most notable breakthrough that the blockchain achieved in 2024 was the transaction volume. In December, on-chain trades were worth $817 million, which was a lot more…

16 Years Later: How Bitcoin’s Genesis Block Sparked a New Era of Money

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Sixteen years ago, the world witnessed the launch of a groundbreaking peer-to-peer electronic cash system, Bitcoin, by its enigmatic creator, Satoshi Nakamoto. This innovation sparked a revolution in how people perceive money, currency, and financial assets. Since the release of the Genesis block, over 877,000 blocks have been mined on the decentralized ledger network, marking […] Original

How Chinese Lending Firm Cango Became a Bitcoin Mining Powerhouse

The bitcoin (BTC) mining industry was shaken up in the last months of 2024 by the sudden entrance of a new player: Cango (CANG), a Chinese firm that specializes in providing loans to automobile buyers. Based in Shanghai and valued at $363 million on the stock market, Cango is in the process of acquiring 50 exahashes per second (EH/s) worth of mining power, meaning that the auto lending platform will become one of the largest bitcoin miners in the world once its entire fleet goes online. “I guess it’s surprising…

ADA Gains 12%, Leading Index Higher

CryptoX Indices presents its daily market update, highlighting the performance of leaders and laggards in the CryptoX 20 Index. The CryptoX 20 is currently trading at 3594.2, up 1.8% (+64.6) since 4 p.m. ET on Thursday. 19 of 20 assets are trading higher. Leaders: ADA (+12.0%) and ICP (+10.6%). Laggards: BTC (-1.0%) and ETH (+0.6%). The CryptoX 20 is a broad-based index traded on multiple platforms in several regions globally. Source CryptoX Portal

Cardano (ADA) Rallies Above 100-Day SMA As Bulls Aim For $1.26

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Cardano (ADA) has surged past the 100-day Simple Moving Average (SMA), marking a pivotal moment in its price action and reigniting bullish optimism in the market. This critical breakout signals a shift in momentum as ADA eyes higher targets, with the $1.26 mark firmly in focus. ADA’s move above this key technical indicator reflects strengthening buyer interest and positions Cardano for a potential rally in the coming days. Typically, the breakout above the 100-day SMA often catalyzes sustained upward movement, drawing more buyers into the market. However, challenges remain, with…

Bitcoin open interest falls below $57b after reaching its lowest level since November

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Bitcoin futures open interest has gone down to $56.6 billion, after taking a plunge at the start of 2025. Since then, BTC OI has not been able to recover and has reverted to its November ATH. According to data from Coinglass, Bitcoin (BTC) OI has fallen to $56.6 billion on Jan. 3 despite showing signs of recovery just a day prior. On Jan. 1, BTC OI fell to its lowest level in the past two months, only being able to reach a total of $56.03 billion. Earlier today, BTC OI…

Bitcoin Price Moves From 56 To 60-Day Cycle After Crash Below $100,000, What To Expect Next

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Este artículo también está disponible en español. The Bitcoin price’s market dynamics have taken an interesting turn as the cryptocurrency adjusts its cycle patterns following a sharp decline below the psychological $100,000 price level. Crypto analyst Bob Loukas shared his perspective on social media platform X, noting a potential shift from a 56-day to a 60-day cycle. According to the analyst, this raises the question of whether Bitcoin could rebound to the upside from here or continue its consolidation for the next two months. Bitcoin Price Shift To A 60-Day…

China continues to tighten crypto regulations. Do other countries take notes?

On the eve of 2025, the Chinese government released new laws heavily hurdling cryptocurrency circulation in mainland China. This was by far not the first attack on crypto by China. Is China a role model for other governments that don’t want crypto in their countries? New legal attacks on crypto in China On Dec. 31, 2024, China tightened up its crypto regulation once again. This time, the foreign exchange regulator is pushing the banks to flag all cross-border crypto-related transactions and block the parties involved from certain bank services. Now,…

Moonwalkers: The Game That Turns Movement Into Tokens

PRESS RELEASE. Moonwalkers is revolutionizing the intersection of gamification and blockchain technology, blending innovation and expertise to create an immersive experience. Whether you’re a tech enthusiast or a casual gamer, this project offers an opportunity to combine gaming, fitness, and blockchain. By turning your steps into $MW tokens, Moonwalkers creates a world where every movement […] Source CryptoX Portal