The addition of bitcoin, ethereum, and binance coin as part of GMC’s strategic reserves will expand Bhutan’s digital assets ecosystem. Bhutan’s GMC Adds BTC, ETH, and BNB to its Strategic Reserves Bhutan‘s new special administration region, Gelephu Mindfulness City (GMC) has announced that it will acknowledge digital assets like BTC, ETH, and BNB as part […] Original
Month: January 2025
Wall Street Pepe Raises $45M
2025 is shaping up to be the year of the Frog, if presales for Wall Street Pepe ($WEPE) are anything to go by. Theyโre just dollars away from hitting the $45M mark, which suggests that this is the meme coin that could outperform all others this year. Obviously, we canโt predict anything for sure. If we could, weโd be sitting at our beach resort in Cancun with our cocktails with the little umbrellas in it. But our expert opinion, after careful analysis, is that Wall Street Pepe is in pole…
Bitcoin could drop under $88k if it fails to hold $95k support: analyst
Bitcoin could potentially tumble down to $88,000 if it fails to hold the key support level at $95k, according to an analyst. Bitcoin (BTC) dropped 6% over the past day, falling below $96K as a spot sell-off driven by macroeconomic concerns pushed BTC price action to a โpivotalโ level, contributing to an 8.4% slump in the global crypto market. According to analyst Skew, following Bitcoinโs recent dip, a further drop to $95Kโjust $300 away at press timeโcould potentially lead BTC to retest levels as low as $88K. โRight around 1D…
Cardano Whales Go On Buying Spree As Price Attempts Breakout
Este artรญculo tambiรฉn estรก disponible en espaรฑol. Cardano (ADA) started the year recovering the key $1 support zone, which has propelled its price to weekly highs. The bullish momentum has attracted whales, while some crypto analysts believe that ADAโs rally is around the corner. Related Reading Cardano Whales Fill Their Bags In November, Cardano surged to the $1 mark for the first time in over two years, leading the crypto market after the post-election rally. However, the cryptocurrency faced one of its largest one-day retraces amid the December corrections, losing…
Kazakhstan blocks illegal crypto exchanges to combat money laundering
Kazakhstan authorities have blocked over 3,500 illegal cryptocurrency exchanges in a move to address money laundering concerns. According to a recent press release from the AFM RK, the countryโs financial watchdog, the regulator liquidated 36 illegal crypto platforms in 2024 with a combined turnover of 60 billion tenge (roughly $112.84 million) and has blocked access to over 3,500 unregistered crypto trading platforms in collaboration with the National Security Committee and the Ministry of Culture and Information. Citing an uptick in money laundering activities, the regulator said these exchanges lacked anti-money…
XRP ‘Half-Mast Flag’ Pattern Points To $500 Billion Market Cap If Bullish Trend Completes
Este artรญculo tambiรฉn estรก disponible en espaรฑol. After a phenomenal 2024, which saw XRPโs price surge from around $0.50 to as high as $2.90, the cryptocurrency is now range-bound, trading at $2.31 at the time of writing. However, a key pattern on the weekly chart suggests that XRP could be on the verge of another significant breakout. Half-Mast Flag Pattern Can Propel The Digital Asset To New Highs XRP, the fourth-largest cryptocurrency with a total market cap of over $134 billion at the time of writing, had a spectacular 2024.…
Beyond Bitcoin Mining: Hut 8 Targets the Intersection of Energy and Technology, Says CEO Asher Genoot
Asher Genoot, CEO of Hut 8, one of North America’s largest bitcoin miners, emphasized the company’s commitment to empowering next-generation technologies with its dual focus on bitcoin and AI. Sustainable and Scalable Energy Solutions Are Vital for Transformative Technologies As bitcoin trades above $100,000 again amidst surging institutional interest, Asher Genoot, CEO of Hut 8 […] Original
Bitcoin’s outlook faces headwinds amid stronger dollar: Matrixport
Bitcoin may face short-term pressure as tightening global liquidity, following the Trump re-election, suggests a potential pause in price gains, analysts warn. Crypto investors should get ready for a short-term slowdown as global liquidity tightens, Matrixport, Asiaโs blockchain analysis hub, wrote in a Jan. 8 research note. According to crypto analyst Markus Thielen, the tightening comes after a stronger U.S. dollar following the Trump re-election, and historically, shifts in global liquidity tend to affect Bitcoinโs (BTC) price about 13 weeks later. As liquidity tightens, Bitcoin could enter a consolidation phase,…
Lightchain AI Rockets Into Stage 12 With Testnet Launch This Month
PRESS RELEASE The future is here, and Lightchain AI is leading the charge! ๐ With Stage 12 of its presale now live and only three stages left to go, excitement is peaking. Add to that the imminent launch of the TestNet, and all signs point to one thingโLightchain AI is pushing the boundaries of blockchain [โฆ] Source CryptoX Portal
Bitcoin miner Canaan rolls out mining rigs as home heaters at CES 2025
Bitcoin miner manufacturer Canaan has introduced the Avalon Mini 3 and Nano 3S, rigs that mine crypto while also doubling as home heaters. Canaan, a tech company known for its ASIC chip design and development, is taking another shot at something other mining companies have experimented with: making Bitcoin (BTC) mining rigs that double as heaters. At CES in Las Vegas, Canaan announced two new Bitcoin mining devices: the Avalon Mini 3 and Avalon Nano 3S. The rigs are designed to make crypto mining more accessible and to help turn…