Bitcoin (BTC) experienced a downturn today, slipping to $103,750 with a 2% drop, as market participants remain cautious ahead of a crucial announcement from the Federal Reserve about interest rates. This decline comes after a period of uncertain price fluctuations, prompting traders to reassess their positions in light of the impending news. Why Are Altcoins…
December 18, 2024 at 03:45 PM GST updated: December 18, 2024 at 02:03 PM 4 mins read Press Release With the crypto market gearing up for potential policy shifts under Donald Trump’s presidency, strategic investment decisions are crucial. Four tokens stand out for their promising prospects: Solana, XRP, Dogecoin, and Rexas Finance (RXS). Each brings…
Regulatory challenges are still an issue for assets like Solana and XRP and their potential ETFs, but the potential appointment of a pro-crypto SEC chair could shift the regulatory environment. In Europe, Bitwise launched a Solana staking ETP to expand its market presence, while Bitcoin ETFs in the U.S. surpassed gold ETFs in assets under…
The hype around the Solana-based token of Pudgy Penguins (PENGU) has stirred up the crypto world. The token’s price rose to $0.068 at the beginning, but within 24 hours, it dumped more than 55% and was at $0.029. This sharp decline was occasioned by heavy selling pressure, especially from the big holders in the market….
Senator Tim Scott, poised to become the next U.S. Senate Banking Committee Chair, has promised action on crypto legislation, according to remarks made during a Washington event. Speaking at the Blockchain Association’s Policy Summit, Scott highlighted the transformative potential of cryptocurrency, stating that it could “democratize the financial world.” He added, “In my opinion, it…
Home » Journal » Bybit Upgrades its Trading Bot to Support Smarter Automatic Trading Strategies DUBAI, UAE, Dec. 18, 2024 /PRNewswire/ – Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is scaling up its Trading Bot’s capacity to meet rising customer demands amidst the surging crypto…
Bitcoin (BTC) $104,718 experienced a decline today, losing value following indecisive price movements. The leading cryptocurrency dropped to $103,750, reflecting a 2% decrease. Currently, markets are focused on the Federal Reserve’s interest rate decision that will be announced today, as investors attempt to mitigate their risks ahead of the announcement. Altcoins Show Greater Losses Compared…
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Binance, the world’s largest cryptocurrency exchange, announced yesterday its new platform called Binance Alpha to promote early-stage altcoin projects. Today, the first five altcoins selected for the Binance Alpha platform were announced. Accordingly, Binance Alpha announced the first group of projects as KOMA, Cheems, APX, ai16z, and AIXBT. While Binance Alpha is considered the pre-selected…
Cantonese Cat, a top analyst, forecasts the price of Dogecoin (DOGE) could surge to $0.74 based on a historical chart pattern from 2021. Meanwhile, Solana (SOL) has been consolidating within a narrow range in the past few weeks. Analysts forecast its price could skyrocket after it breaks out of the consolidation. In other news, DTX…
Japanese investment firm Metaplanet has forecasted its first consolidated operating profit in seven years, thanks to its pivot to Bitcoin. The Tokyo-based company revealed on December 18 that it expects to generate ¥890 million ($5.8 million) in revenue for the fiscal year ending December 31, a significant jump from ¥261 million the previous year. Operating…
Binance’s Australian arm comes under fire from Australian regulators that accuse the crypto exchange of falsely categorizing local clients as wholesale clients, exposing them to risky crypto assets. According to a press release published on Dec. 18, the Australian Securities and Investments Commission accused Binance Australia Derivatives of misclassifying more than 500 retail clients as…
Crypto index fund manager Bitwise has introduced a Solana staking exchange-traded product (ETP) in Europe under the ticker BSOL, as it awaits regulatory approval for its Solana exchange-traded fund (ETF) in the United States. According to a Dec. 18 announcement, the Solana (SOL)-based staking ETP has been listed on the Frankfurt Stock Exchange’s Xetra trading…
PENGU, the newly-launched cryptocurrency of the Pudgy Penguins ecosystem, suffered a sharp decline in value a day after it went live. At the time of writing, data from CoinGecko showed that the token had fallen by 57.8% within 24 hours to settle at $0.02892. Airdrop Aftermath The highly-anticipated airdrop launched on December 17 saw about…
On December 18, in a statement, Metaplanet revealed that it is looking to make about 890 million Japanese yen accounting for $5.8 million in revenue in this year. The company said it will carry on using put option sales as a main revenue driver. Put options are contractual deals that give the capability to the…
12h05 ▪ 3 min read ▪ by Fenelon L. An Ohio lawmaker, Derek Merrin, is proposing a groundbreaking law to create a strategic reserve of bitcoins within the State Treasury. In the face of the dollar’s devaluation and the rise of bitcoin, this initiative marks a turning point in institutional adoption in the United States….
Join Our Telegram channel to stay up to date on breaking news coverage Dogecoin (DOGE) has once again captured the spotlight as it trends at number ten on CoinMarketCap, trading at $0.40. Will Dogecoin hit $1 in this bull run? Currently, Dogecoin is up 7% for the day, down 4% for the week, and up…
Pudgy Penguins ($PENGU) Token Listing On Binance Resolved Pudgy Penguins (PENGU) Airdrop: Binance Fixes Glitch Recently it was reported that the PENGU token airdrop lost half its value post Dec.17 airdrop. The coin was listed on various exchanges including Binance. However, Binance has now fixed the token glitch, and even announced 135 million tokens to…
Mahe, Seychelles, December 18th, 2024, Chainwire Wanchain’s platform native token, $WAN, has been officially listed on the BYDFi crypto exchange. Users can now buy, sell, and manage $WAN through the BYDFi platform. Wanchain is the first decentralized blockchain interoperability solution in the world. It helps anyone to move their assets across 39 blockchains in secure,…
Bitcoin price today trades at $104,870.0 on 11 AM after hitting a daily high of $108,135.0 today after a -2.03% move on December 18. Will BTC continue its ascent to set up new highs? Will profit-taking tirgger a correction? Bitcoin Price Today: Why is BTC up? Bitcoin price today is down -2.03% and trades at…