Cryptocurrency News

30 December

“Crypto Surge in 2024: Bitcoin Doubles in Value as Trump Support Grows”

The global cryptocurrency market has surged by nearly $1.7 trillion in 2024, driven by a wave of optimism following Donald Trump’s election victory. As of December 30, the combined value of all digital currencies reached $3.29 trillion, a significant rise from $1.6 trillion in January. Bitcoin, in particular, benefited from this surge, with the so-called “Trump bump” pushing it past …

30 December

“Bitcoin and Ether Forecast to Hit Record Highs in 2025, Galaxy Research Predicts”

Bitcoin (BTC), the world’s largest cryptocurrency, is expected to reach new all-time highs next year, with predictions that it will “test or surpass” $185,000 by the fourth quarter of 2025, according to a recent report by Galaxy Research. Ether (ETH), the second-largest cryptocurrency, is also expected to rise above $5,500 within the next 12 months, the report revealed. Alex Thorn, …

30 December

“Stock Futures Dip as Treasury Yields Reach 7-Month High”

Futures for the S&P 500 (ES=F), Nasdaq (NQ=F), and Dow Jones Industrial Average (YM=F) all trended lower on Monday morning. This decline came as the 10-year Treasury yield (^TNX) hovered near a 7-month high of 4.6%. Stocks ended last week on a negative note, with significant drops in major tech names like Tesla (TSLA) and Nvidia (NVDA). The Nasdaq Composite …

30 December

ETF Mania: Bitcoin Smashes $35B, Ether Follows with $2.7B in 2024

The cryptocurrency market is experiencing a historic surge in institutional interest, as U.S. spot Bitcoin ETFs attract over $35 billion in inflows in 2024, with Ether ETFs following closely behind, amassing $2.7 billion. This record-breaking adoption underscores the growing demand for regulated crypto investment vehicles, further solidifying Bitcoin and Ethereum’s positions as cornerstone assets in the digital economy. Bitcoin ETFs …

30 December

MoonPay’s MiCA Approval Marks a New Era for Crypto Payments in Europe

MoonPay, a leading crypto payment gateway, has received approval under the European Union’s Markets in Crypto-Assets (MiCA) regulations, marking a significant milestone for both the company and the broader crypto industry in Europe. This approval sets the stage for MoonPay to expand its services and continue driving the adoption of cryptocurrency in the region. With the MiCA framework designed to …

30 December

From Volcano Bonds to 6,000 BTC: El Salvador’s Crypto Journey Continues

El Salvador, the world’s first country to adopt Bitcoin as legal tender, has reached another significant milestone: accumulating over 6,000 Bitcoin in its national reserves. This achievement highlights the nation’s unwavering commitment to cryptocurrency as a cornerstone of its financial and economic strategy. From the introduction of Bitcoin-backed “Volcano Bonds” to its growing digital wallet adoption, El Salvador’s journey with …

30 December

IRS in the Crosshairs: Blockchain Association’s Legal Fight Over Crypto”

The Blockchain Association has launched a lawsuit against the Internal Revenue Service (IRS), challenging the agency’s recently implemented cryptocurrency regulations. The legal action reflects growing frustration within the crypto industry over what many see as overreaching and unclear rules governing digital assets. This case could have far-reaching implications for the future of crypto taxation and regulation in the United States. …

30 December

ETH Takes the Lead: 75% Long-Term Holders Signal Shift from Bitcoin

Ethereum is experiencing a surge in long-term investor confidence, with 75% of ETH holders projected to hold their assets beyond the one-year mark by the end of 2024. This represents a significant increase in Ethereum’s appeal to long-term investors, outpacing Bitcoin, which is seeing a decline in its percentage of diamond-hand holders. The shift reflects changing investor sentiment and the …

30 December

Hackers Disguise as Recruiters to Target Crypto Wallets with Malware

Cybercriminals are adopting increasingly sophisticated tactics to target unsuspecting cryptocurrency users. In their latest scheme, hackers are impersonating recruiters from reputable organizations to lure victims into downloading malicious software. This malware is designed to steal sensitive information, including private keys and wallet credentials, putting users’ digital assets at risk. The trend highlights the growing need for vigilance in the cryptocurrency …

30 December

Malaysia’s SEC Shuts Down Bybit’s Operations Amid Regulatory Pressure

In a significant move within the cryptocurrency space, Malaysia’s Securities Commission (SC) has ordered Bybit, one of the world’s largest cryptocurrency exchanges, to cease its operations in the country. The decision comes as part of Malaysia’s broader regulatory efforts to ensure that cryptocurrency exchanges operate in full compliance with local laws. The shutdown of Bybit’s Malaysian operations has raised concerns …