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Bitcoin News
Cryptoslate
15h
351
Image Credit: Cryptoslate
Bitcoin tumbled to $95k after $540 million in long liquidations
- Bitcoin's price dropped from its all-time high of $108,200 to $95,000 in less than a week.
- Over $540 million in long positions were liquidated between Dec. 17 and Dec. 22, with the largest liquidation of $214 million occurring on Dec. 19.
- The liquidations were caused by high-leverage traders being forced to close their positions as Bitcoin's price declined.
- The sell-off was intensified by the Federal Reserve's tighter monetary policy and a cascade of liquidations below the key support of $100,000.
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Siliconangle
15h
159
Image Credit: Siliconangle
Crypto advocates push Trump to take action on day one
- Prominent figures in the cryptocurrency industry are urging President-elect Donald Trump to take action on his first day in office.
- Crypto industry officials want Trump to issue executive orders to fulfill his campaign promises of embracing digital assets and creating a national bitcoin stockpile.
- They hope that the orders will encourage U.S. banks to provide more financial services to crypto companies and establish a 'crypto council' to oversee industry regulations.
- Advocates want Trump to make concrete steps within his first 100 days in office to reverse the hostile policies towards cryptocurrencies adopted during President Joe Biden's term.
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Bitcoinik
17h
272
Image Credit: Bitcoinik
Microstrategy buys 5,262 $BTC at a $106k+ price level, but Bitcoin price remains calm!
- Microstrategy, a Nasdaq-listed business intelligence firm, purchased 5,262 BTC at a price of $106,662.
- Microstrategy holds a net 444,262 BTC with a net $14.5 billion unrealized gain.
- The purchase did not significantly impact Bitcoin market sentiments.
- BlackRock's spot Bitcoin ETF bought 4 times more BTC than the amount mined in the last 7 days.
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Livebitcoinnews
17h
106
Image Credit: Livebitcoinnews
Dogecoin Millionaires Pivot To A Hidden Altcoin Predicted To Replicate DOGE’s Early 8000x Growth
- Dogecoin millionaires, seeking to diversify their portfolios, have selected PropiChain, a promising RWA tokenization altcoin that has the potential to replicate the initial success of Dogecoin.
- PropiChain is appealing to investors due to its fractional ownership of RWA and its connection to the tangible real estate industry, which is not influenced by market volatility.
- The website offers many standout features and post-listing benefits for early investors, including governance rights, zero-free transactions, and referral rewards.
- With the mission to revolutionize the real estate industry, the platform aims to enable fractional property ownership for as little as $1,000, lowering investment barriers, increasing liquidity and simplifying property management.
- The platform uses cutting-edge technology such as AI-powered virtual assistants and chatbots, providing 24/7 support to real estate investors.
- Additionally, PropiChain's real estate integration redefines how real estate is explored and transacted, ensuring that location is no longer an obstacle and facilitating transactions efficiently across borders.
- The platform uses smart contract technology to automate lease agreements, payments, and other real estate processes effectively, removing the need for intermediaries.
- PropiChain's utility captures Dogecoin millionaires' interest as it ties its value to the $300-trillion-plus real estate industry, unlike Dogecoin, whose value is based on market hype.
- Investors anticipate that PropiChain could see about 8000x growth post-listing, meaning you could stand to gain a massive return of about $80,000 or more with a modest investment of $1,000.
- PCHAIN is currently in its second presale stage, priced at $0.011 per token, and will rise through another stage before the final listing at $0.032. This presents a compelling entry point for investors who missed the first presale stage.
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Cryptopotato
19h
133
Image Credit: Cryptopotato
Metaplanet Makes Largest BTC Purchase to Date Despite Bitcoin Price Correction
- Japan-based Metaplanet has made its largest Bitcoin purchase to date, buying nearly 620 BTC.
- The acquisition was executed as part of Metaplanet's Bitcoin Treasury Operations.
- Metaplanet now holds a total of 1,761.98 BTC, valued at almost $168 million.
- Despite a recent drop in Bitcoin's value, Metaplanet remains confident in its Bitcoin investment.
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Pymnts
19h
273
Image Credit: Pymnts
Wirex Adds 2 Stablecoins to Platform to Streamline Digital Currency Spending
- Wirex, a digital payments platform, has added two stablecoins, VNX Euro (VEUR) and VNX Swiss Franc (VCHF), to its platform.
- Users can now spend these stablecoins directly using their Wirex cards, making digital currency spending more convenient.
- Wirex plans to introduce additional features such as loans and high-yield X-Accounts to enhance the value proposition for its users.
- Stablecoins are gaining popularity as a means of cross-border and enterprise crypto payments, offering faster and more efficient transaction settlement.
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16 Likes
Newsbtc
20h
74
Image Credit: Newsbtc
Is Ethereum Ready To Break Out? Key Indicators Suggest Strong Market Confidence
- Ethereum (ETH) has positive indicators suggesting strong market confidence despite lagging behind Bitcoin in price action.
- Technical indicators show steady accumulation of Ethereum by traders and long-term holders.
- The Estimated Leverage Ratio for Ethereum remains at elevated levels, indicating sustained appetite for risk.
- Funding rates, premiums, and institutional inflows hint at a bullish trend for Ethereum.
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4 Likes
Coin Telegraph
20h
315
IRS doubles down on crypto staking taxes — Report
- The US tax agency, IRS, has reiterated its position that rewards from staking activities do not constitute new property, opposing a legal challenge.
- The IRS denied arguments from a second lawsuit brought by Joshua Jarrett and his wife, Jessica Jarrett.
- The agency claimed that staking rewards constituted taxable income upon receipt.
- Staking is the process of locking up cryptocurrency in a smart contract to help run a blockchain, earning rewards in return.
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18 Likes
Bitcoinsensus
21h
107
Image Credit: Bitcoinsensus
XRP The Most Traded Altcoin on Binance, Price Analysis and What to Expect
- XRP became the most traded altcoin on Binance in December
- Ripple Labs' currency reached $116.6 billion traded on Binance futures
- XRP price currently trading at $2.18, down 11% over the past 7 days
- XRP expected to be closely watched in January due to key events
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6 Likes
Pymnts
21h
126
Image Credit: Pymnts
Stablecoin Payments Were Crypto’s Biggest 2024 Story
- Bitcoin ends the year with over 110% growth and institutional adoption of digital assets is increasing.
- Stablecoins emerge as a prominent tool for enterprise businesses in 2024.
- Blockchain technology gains traction across industries for enhancing supply chain transparency, streamlining payments, and improving data security.
- Regulatory frameworks and the rise of stablecoins contribute to the mainstream adoption of cryptocurrencies.
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7 Likes
Livebitcoinnews
21h
297
Image Credit: Livebitcoinnews
Interpol Targets Hex Founder Richard Schueler with Red Notice
- Interpol issued a Red Notice to Richard Schueler, founder of Hex, for violence and tax fraud.
- Schueler is facing an SEC lawsuit for $1 billion in unregistered token offers.
- Interpol's Red Notice calls for Schueler's arrest globally.
- The case highlights increased scrutiny on cryptocurrency transparency and accountability.
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17 Likes
Bitcoinist
21h
100
Image Credit: Bitcoinist
Crypto Market Sees $1 Billion Outflows—Bitcoin And Select Altcoins Show Resilience
- Crypto market experienced mixed performance with inflows of $308 million and outflows of $1 billion.
- Outflows coincided with a price correction and following the hawkish outlook from the Federal Reserve.
- Bitcoin showed resilience with net inflows of $375 million, indicating investor confidence.
- Altcoins displayed contrasting performances, with Ethereum receiving $51 million in inflows and Solana experiencing outflows of $8.7 million.
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6 Likes
Coinjournal
21h
357
Image Credit: Coinjournal
La Rosa Holdings to allow real estate agents to receive commissions in crypto
- La Rosa Holdings Corp. is allowing its real estate agents to receive commissions in cryptocurrency with a 2% fee.
- The initiative aims to streamline transactions and meet the demand for crypto payments.
- La Rosa reported a 155% revenue growth, reaching $51.7 million in the first nine months of 2024.
- The integration of cryptocurrency payment options positions La Rosa as a pioneer in the real estate sector and empowers its agents with innovative solutions.
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21 Likes
TronWeekly
22h
243
Image Credit: TronWeekly
Bitcoin Soars as Investors Seek Safety
- Bitcoin's dominance in the crypto market has increased as traders move away from meme coins and back to BTC amid market correction and growing fear, uncertainty, and doubt (FUD).
- Data shows a decline in social dominance for meme coins, while Bitcoin's social dominance has risen, indicating a shift in sentiment and a preference for the perceived safety of Bitcoin.
- Bitcoin's price is currently consolidating, but historical trends suggest a potential rally in December, supported by the belief that the current bull market is in its mid-stage.
- Growing interest in Bitcoin as a solution to the US debt crisis, advocated by figures like Michael Saylor and VanEck, contributes to the positive sentiment around Bitcoin.
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14 Likes
Livebitcoinnews
22h
298
Image Credit: Livebitcoinnews
Brian Brooks Joins MicroStrategy Board After Binance.US Exit
- MicroStrategy appoints Brian Brooks, former CEO of Binance.US, to its board of directors, along with Jane Dietze and Gregg Winiarski.
- The move aligns with MicroStrategy's Bitcoin-focused approach and efforts to establish a strong crypto-oriented strategy.
- MicroStrategy will be added to the Nasdaq-100 Index on December 23, cementing its position among the top 100 US companies.
- Brooks' extensive crypto expertise and experience make him a valuable asset for MicroStrategy's leadership.
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17 Likes
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