Month: January 2025

InfiniSVM Blockchain Set for Launch in Solayer Labs’ Plans

Solayer Labs has announced the 2025 roadmap for the Solayer InfiniSVM, a hardware-accelerated blockchain designed to enhance scalability and performance. On Jan. 7, Solayer Labs, a restaking protocol on Solana, elaborated that the architecture of InfiniSVM is based on Shared Virtual Memory and aims at building one globally distributed-state machine with high-throughput, low-latency functionality capable of running complex decentralized applications. 🚨New: The Solana Foundation has introduced SIMD-0215, a proposal to scale Solana’s infrastructure for billions of user accounts. If adopted, it will replace the Epoch Accounts Hash with a lattice-based…

What Investors Need to Know Now

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Este artículo también está disponible en español. The cryptocurrency market, led by Bitcoin, has often followed a pattern of alternating growth and decline cycles, reflecting investor sentiment and market fundamentals. Since the beginning of the current bull cycle in January 2023, Bitcoin has demonstrated substantial gains in both price and market duration. Increased capital inflows from new investors have supported this growth and existing participants are reinvesting their profits. However, recent indicators suggest that the market may now be entering the latter stages of this cycle, raising questions about what…

Kazakhstan Blocks Over 3,500 ‘Illegal’ Cryptocurrency Exchanges

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Authorities in Kazakhstan have blocked more than 3,500 cryptocurrency exchanges operating illegally, according to an announcement by the Kazakh regulator, AFM RK. The crackdown resulted from joint efforts by the National Security Committee and the Ministry of Culture and Information. In 2023, Kazakh authorities blocked access to Coinbase, citing alleged violations of the country’s digital asset laws. Liquidation of Illegal Crypto Platforms In 2024, the regulator liquidated 36 illegal crypto exchanges with a combined turnover of 60 billion Kazakhstani tenge (over US$113 million). Additionally, it froze and confiscated assets worth…

Bitcoin miners tap billions in funding to counter energy challenges

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Bitcoin mining firms are turning to billions in fresh funding as high energy prices squeeze profits. Facing soaring energy costs, Bitcoin (BTC) miners in the U.S. are building war chests worth billions as competition for resources intensifies and profitability following Bitcoin’s latest halving remains under pressure, the Financial Times reports. Companies like Marathon Digital, Riot Platforms, and CleanSpark have raised more than $3.7 billion since November 2024 through zero or near-zero coupon convertible notes. Much of the money has gone into buying Bitcoin to strengthen reserves as the largest crypto…

Fallen Crypto Exchange FTX EU Has a New Owner, but License Remains Suspended

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Remember FTX? The European branch of the once-popular cryptocurrency exchange that became the center of a major scandal in 2022 has just been acquired. Backpack has become the new owner of FTX EU. Although Backpack currently ranks only 200th in CoinMarketCap’s cryptocurrency exchange rankings by daily trading volume, it hopes to expand its operations through the acquisition of this MiFID II-regulated entity. However, this move might not happen as quickly as anticipated. Backpack Acquires Defunct FTX EU for MiFID II License Since September 2022, FTX EU has held a Cyprus…

BitMEX’s Hayes predicts Bitcoin to peak soon as Fed’s tools near exhaustion

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The Federal Reserve’s quantitative tightening and liquidity measures could drive Bitcoin to a late Q1 peak, BitMEX co-founder Arthur Hayes says. In his latest essay on Jan. 7, BitMEX co-founder Arthur Hayes predicts Bitcoin (BTC) will hit its peak by late March, pointing out the Fed’s challenges in keeping the market stable while pulling $180 billion out through quantitative tightening from January to March. At the same time, a change to the Reverse Repo Program rate will add $237 billion of liquidity, Hayes notes, explaining that money will flow into…

Bitcoin ETFs record nearly $1b inflows as BTC rallies past $102k

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Spot Bitcoin exchange-traded funds in the United States recorded nearly $1 billion in inflows on Jan. 6 as Bitcoin managed to recover to the $102k level. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded inflows of $987.06 million on Monday, marking their second straight day of inflows. Over these two days, the ETFs saw over $900 million in inflows each day, totaling nearly $1.89 billion. The recent jump in inflows nearly offset the streak of low demand observed in the latter half of December, during which the…

Will The Market Ascend To New Heights Or Hit A Roadblock?

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Este artículo también está disponible en español. As the cryptocurrency market experiences a notable resurgence, Bitcoin (BTC) continues to lead the charge, while altcoins—especially Cardano (ADA)—are making significant gains.  Altcoins Market On The Cusp Of Change: Will Bullish Momentum Prevail? Market expert Patrick H recently shared insights on social media, stating, “The altcoins market is attempting to build a new bullish structure. Are we heading for higher levels, or is another rejection more likely?”  This query shared among market players signifies the careful optimism present in the altcoin realm as…

Robert Kiyosaki Says Buy More Bitcoin – Explains Reason Behind His Bullish $350K BTC Call

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Robert Kiyosaki’s bullish $350K bitcoin forecast comes with warnings of a massive market crash, urging investors to secure bitcoin before prices lock out the middle class. Bitcoin to $350K? Bullish Kiyosaki Says Buy More Before It’s Too Late Robert Kiyosaki, the renowned author of the best-selling personal finance book Rich Dad Poor Dad, continues to […] Original

Pythagoras Crypto Long Biased Strategy Delivered 204% Return in 2024, Outperforming Bitcoin (BTC)

Bitcoin (BTC), the leading cryptocurrency by market value, surged 121% last year to cross the six-figure mark, outshining traditional assets. However, this performance falls short in comparison to Pythagoras Investment Management’s Alpha Long Biased Strategy, which pushed the envelope even further. The fund, which combines a BTC base position with two uncorrelated strategies, achieved an impressive return of 204% in 2024, Pythagoras said in an email to CryptoX. That equates to a 3x gain, significantly outpacing the 2x return a typical buy-and-hold bitcoin investor would have realized. The fund charges…