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Cryptography News
Cryptoticker
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XRP Price Prediction: Surge to $10 or Drop to $1?
- XRP price is at a critical crossroads, with analysts predicting varied trajectories.
- Resistance zones at $2.25 and $2.30 pose immediate challenges for XRP's bullish outlook.
- Whale accumulation signals confidence in XRP's long-term potential.
- Technical analysis suggests a potential breakout for XRP, with a projected surge to $10 or even $35 by 2025.
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Coinjournal
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Bitcoin miner CleanSpark hits milestone as hashrate exceeds 37 EH/s
- Bitcoin mining company CleanSpark has surpassed its 2024 operating hashrate target of 37 exahashes per second, hitting the key milestone amid expansion efforts in the US.
- CleanSpark achieved a hashrate of 37.5 EH/s, exceeding its guidance of 37 EH/s, thanks to improved fleet efficiency and newly energized sites.
- The company plans to continue adding highly efficient hashrate and aims to reach 50 EH/s in the first half of 2025 with the help of a recent $650 million convertible bond offering.
- CleanSpark closed November with an operating hashrate of 33.7 EH/s, mined 622 BTC, and held a total of 9,297 BTC.
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Cryptoslate
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Market remains resilient with $308M in inflows despite turbulence
- Crypto investment products recorded $308 million in net inflows, marking the eleventh consecutive week of positive movement.
- The market experienced turbulence, with the largest single-day withdrawal of $576 million and nearly $1 billion exiting the market later in the week.
- Bitcoin attracted $375 million in inflows and Ethereum secured $51 million, while other altcoins such as XRP, Horizen, and Polkadot also saw inflows.
- Institutional trends showcased divergent strategies, with BlackRock's iShares ETF attracting over $1.5 billion in inflows, while Grayscale and Fidelity ETFs experienced notable outflows.
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Cryptoslate
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Hyperliquid’s TVL drops by $1 billion amid North Korean hacking fears
- Hyperliquid, a layer-1 decentralized leveraged trading platform, saw its total value locked (TVL) plummet by over $1 billion in the past week.
- This drop follows reports of suspicious activity tied to North Korean hackers.
- According to CryptoSlate’s data, this has also resulted in a steep 20% fall in Hyperliquid’s native token value over the last 24 hours.
- On Dec. 23, web3 security expert Talor Monahan identified a surge in transactions from North Korea-linked addresses, sparking fears of a targeted attack.
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Financemagnates
2d
109
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Why Is Dogecoin Down? 69% Node Crash Due to Network Vulnerability
- Dogecoin has faced a significant downturn, losing nearly 25% of its value over the past seven days amid broader cryptocurrency price corrections.
- A vulnerability in the Dogecoin network caused 69% of its nodes to crash, reducing active nodes from 647 to 315. The flaw, known as 'DogeReaper,' was exploited by Andreas Kohl.
- The Federal Reserve's recent policy, including a 0.25% rate cut and cautious stance on future rate cuts, raised concerns among investors and negatively impacted the cryptocurrency market.
- The vulnerability allowed attackers to cause node crashes via segmentation faults, but Coinbase rated it as low risk.
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Financemagnates
2d
367
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2.5Y After Terra and Luna Collapse, SEC Reaches $123 Million Settlement with Crypto Firm
- The Securities and Exchange Commission (SEC) has fined Tai Mo Shan Limited $123 million for misleading investors about the stability of the Terra USD (UST) stablecoin and conducting unregistered securities transactions involving LUNA crypto assets.
- Jump Crypto Holdings subsidiary engaged in trading activities that created a false impression about Terra USD's stability mechanism during a May 2021 price decline.
- Tai Mo Shan also violated securities laws by acting as an unregistered underwriter of LUNA tokens between January 2021 and May 2022.
- The settlement includes $73.5 million in disgorgement, $12.9 million in interest, and a $36.7 million civil penalty.
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Cryptopotato
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Bitcoin Price Analysis: Can BTC Bounce Back to $100K Following 8% Weekly Drop?
- Bitcoin price is facing a consolidation phase near $108K resistance level.
- Strong support zones suggest potential for a short-term bullish rebound.
- Technical analysis indicates a rebound from $90K support could lead to a renewed attempt to reclaim $108K mark.
- On-chain analysis shows sustained confidence among investors, supporting continued growth.
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Cryptoslate
2d
223
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Metaplanet adds another 619 BTC to its holdings
- Japanese firm Metaplanet has acquired 619.70 BTC for $60.7 million, increasing its total Bitcoin holdings to 1,761.98 BTC valued at $169.2 million.
- The company raised 9.5 billion yen through bond issuance in order to make additional BTC investments and began trading on the US OTCQX Market.
- Metaplanet reported impressive gains of 309.82% in the last quarter and projected a 240% increase in annual revenue for 2024.
- The firm's Shareholder Benefits Program offers unique rewards, including a Bitcoin lottery, to attract long-term investors.
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Coinjournal
2d
227
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$60Mn withdrawn from HyperLiquid on North Korea Hacker Fears
- $60Mn worth of USDC has been withdrawn from the HyperLiquid trading platform as wallet addresses linked to North Korean hackers have allegedly begun trading.
- Experts believe these trades, which have accumulated a $700,000 loss, are tests for weaknesses.
- HyperLiquid, the largest on-chain perpetual trading platform, has a total deposit volume of $12.14Bn and a daily trading volume of $6.20Bn.
- HyperLiquid recently launched its native token called HYPE, with a current price of $27.97 and a market capitalization of $9.35Bn.
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Financemagnates
2d
133
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Why Is Crypto Down Today? Bitcoin, Ethereum, Dogecoin and XRP Are Crashing
- The cryptocurrency market experienced a significant sell-off today, with Bitcoin (BTC) dropping notably below $94,000.
- The Federal Reserve's monetary policy announcement last week caused Bitcoin to fall below $100,000.
- Market participants witnessed a sharp decline in major altcoins, triggering substantial liquidations and affecting the total market capitalization.
- From a technical analysis perspective, Bitcoin's long-term outlook remains relatively stable as it retests local support just below $93,500.
- Ethereum, XRP, and Dogecoin have also experienced significant losses, dropping nearly 16%, 8%, and 21% respectively during the past week.
- Global liquidity conditions are tightening, with central banks reducing their balance sheets and rising bond market volatility making conditions unfavorable for risk assets.
- Despite the market downturn, there hasn't been a significant surge in leveraged position liquidations over the past 24 hours.
- Even though the market is down, experts from VanEck predict the BTC price at $180,000 next year.
- Analysts project ETH could reach between $4,000 and $6,500 by the end of 2024, and even $32,000 by 2030.
- XRP has been maintaining local support at $2.20 since mid-November and could soar to almost $1,000 next year.
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Cryptoslate
2d
74
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Crypto community cheers as Trump names pro-crypto advisors Stephen Miran and Bo Hines for economic and digital assets councils
- US President-elect Donald Trump has appointed Stephen Miran as the head of the Council of Economic Advisors and Bo Hines as the Executive Director of the Crypto Council.
- Miran, a notable proponent of financial deregulation and innovation, aims to create a noninflationary economy that supports all Americans.
- Hines, along with David Sacks, Trump’s Crypto and Artificial Intelligence Czar, will work towards driving growth and technological progress in the crypto sector.
- Trump's appointments in the crypto sector reflect his support for the industry and its potential for economic development.
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Zycrypto
2d
368
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Cardano Correction Mirrors 2020 Bull Cycle, $6 ADA Price Incoming, Asserts Analyst
- Cardano (ADA) experienced a significant drop in value but is showing signs of a potential bullish reversal.
- Analysts believe ADA is following a similar pattern to its 2020 bull cycle and predict a surge to $6.
- Technical indicators, including MACD and RSI, show bullish signals.
- ADA whales have been accumulating tokens, indicating confidence in Cardano's potential.
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Coinjournal
2d
258
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Weekly Price Analysis: Yearly Selloffs Push Prices Lower
- The crypto market experienced a downward trend last week due to yearly profit-taking and the Fed's hawkish stance.
- Bitcoin's price dropped 9.7% but maintained its bullish structure.
- Ethereum's price changed character to trend lower, falling by 15.51%.
- Solana and Ripple also experienced price declines.
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Coindoo
2d
3
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BingX Provides Free SEPA & SEPA Instant Euro Deposit Service to Users
- BingX, a cryptocurrency exchange, has launched SEPA and SEPA Instant payment services for euro deposits.
- SEPA allows for seamless euro payments across the EU and non-EU countries, while SEPA Instant enables instant deposits with no fees.
- The new services provide real-time funding, cost advantages, and faster reactions to market opportunities for BingX users.
- BingX aims to improve accessibility and convenience for cryptocurrency trading and continues to innovate and expand its services.
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Financemagnates
2d
219
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How TradFi and DeFi Convergence Shapes the Future of Finance: Crypto’s Role
- The convergence of TradFi (traditional finance) and DeFi (decentralized finance) is shaping the future of finance.
- Crypto, originally designed to challenge the centralized banking industry, is now drawing interest from traditional financial institutions.
- DeFi represents high-potential revenue opportunities for institutions through tokenized real-world assets and blockchain-based applications.
- Companies like Vixichain are bridging the gap between TradFi and DeFi by providing compliant blockchain solutions for financial institutions.
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