Bitcoin is approaching $95,000, erasing recent losses

Bitcoin has entered a significant slump, dipping below $92,000, the lowest since breaking through $100,000 in early December. As 2024 draws to a close, profit-taking by long-term holders and macroeconomic factors could be driving the largest cryptocurrency to its lowest point in weeks. Investors, particularly those holding Bitcoin for extended periods, could also be seizing […]

Former Bithumb CEO Lee Sang-jun has reportedly been sentenced to prison after being found guilty of receiving cash and gifts to engage in a fraudulent token listing scheme.  Local Korean news outlet The Hankyoreh reports that the Seoul Southern District Court has sentenced the 55-year-old to two years behind bars and ordered him to pay […]

An under-the-radar project focused on artificial intelligence (AI) is defying the crypto market downturn as tokenomic upgrade plans begin to take shape. The utility token for the AI agent project ai16z (AI16Z) is trading for $1.52 at time of writing, up 23.7% in the past 24 hours. With a market cap of $1.65 billion, the […]

… cryptocurrency through Project Atlas, an initiative to combat global cryptocurrency investment fraud. An additional 24 million in fraudulent …

TL;DR Tether acquired 7,629 BTC, worth $705.25 million, increasing its total reserves to 82,983 BTC, valued at $7.68 billion. This purchase is part of the strategy announced in May 2023, which allocates 15% of its monthly profits to Bitcoin purchases. In addition to its Bitcoin reserves, it holds $100 billion in bonds and 48.3 tons […]

PRESS RELEASE. Lightchain Protocol AI (Lightchain AI), the cutting-edge blockchain platform bridging artificial intelligence and blockchain, has reached an impressive milestone. In just 30 days, the company has raised over $7 million in its presale of the Lightchain Token (LCAI), making it one of the top crypto presales currently active. Now in Stage 10 of […]

Today, Boltz is launching Boltz Pro, a service that lets users help Boltz manage its bitcoin wallet and Lightning channel liquidity, and I plan to test it out. But first some background on how Boltz Pro works. According to Kilian, a co-founder of Boltz, the balances of Boltz’s wallets and Lightning channels are constantly shifting, […]

The cryptocurrency market has been running through a period of consolidation over the past seven days, with notable corrections observed in both Bitcoin and Dogecoin. Bitcoin, after hitting an all-time high of $108,135 on December 17, has seen a retracement towards $93,000. Similarly, Dogecoin has faced pressure, dipping from its recent highs near $0.48 to […]

Bitcoin needs to find support in the $90,000 to $85,000 range in order for altcoins to recover and find new buyers.

Best Altcoins to Buy This Weekend: Qubetics’ Innovations Join Litecoin and ZIGnaly in Shaping Blockchain’s Future Cryptocurrencies are once again stealing the spotlight as investors seek out the best altcoins to buy this weekend. With blockchain technology continually evolving, the landscape is filled with opportunities for both seasoned and new investors. Leading the pack are […]

Check out U.Today’s news digest for the most significant crypto stories from the last weekend of the year 2024!

The chief executive of market intelligence platform CryptoQuant is warning investors that the US government’s motivations for creating a Bitcoin (BTC) standard may be different from what they expect. In a new thread on the social media platform X, Ki Young Ju says that for the US to seriously consider a BTC standard, it would […]

The PBOC noted that 51 jurisdictions worldwide have imposed bans or restrictions on cryptocurrency assets. This includes mainland China, where a …

MicroStrategy has continued its aggressive Bitcoin acquisition strategy, purchasing an additional 2,138 BTC for $209 million, bringing its total holdings to 446,400 BTC. This purchase, made on December 29, marked the eighth consecutive week of Bitcoin purchases, further solidifying the company’s position as the largest Bitcoin holder among publicly traded companies. Expanding Bitcoin Holdings MicroStrategy’s […]

TL;DR Sky Protocol, formerly MakerDAO, reported a record-breaking $22.18 million in revenue for December 2024, reflecting the DeFi sector’s recovery. Factors driving this growth include increased usage of the native stablecoin DAI/USDS, with daily fees peaking at $1.3 million and DAI supply rising to $6.2 billion. Sky Protocol’s rebranding and collateral overhaul, along with ambitious […]

PRESS RELEASE. Singapore, December 30, 2024 – LBank, a leading global cryptocurrency exchange, has released its 2024 Annual Report, showcasing a year of extraordinary achievements across various domains, including leap growth, product innovation, global branding, and compliance. In 2024, LBank reached remarkable new heights in growth. The platform achieved over 15 million registered users worldwide, […]

Cardano (ADA) has faced a challenging period, experiencing a sharp 42% correction since reaching a multi-year high of $1.32 in early December. This significant decline reflects the broader market uncertainty, with increased selling pressure and cautious investor sentiment weighing heavily on ADA’s price. Despite this, on-chain data suggests a shift in dynamics, hinting at a […]

The United Kingdom has a regulatory advantage in the cryptocurrency market.

A crypto whale that participated in the initial coin offering (ICO) of Ethereum has reportedly been spotted sending nine figures worth of ETH to the crypto exchange Kraken this year. Citing data from on-chain analyst Ember, Wu Blockchain reports that after another transfer of 3,370 ETH to Kraken over the weekend, a whale connected to […]

Venture capitalist Chris Burniske says crypto investors with long-term conviction should be chomping at the bit for entries into the market amid the correction. Burniske, a former analyst at Cathie Wood’s ARK Invest and current partner at Placeholder, says that Bitcoin (BTC) has likely already printed its lows for the bull run, and given that […]

Cardano founder Charles Hoskinson addresses crypto community in X post

Bitcoin reached a new all-time high of US$108,268 on December 18, but subsequently dropped 14% as the anticipated Christmas rally failed to materialise. Trading volumes have decreased significantly, with a 64% reduction in the past week compared to the previous week that saw Bitcoin’s record high. Analysts from Swissblock and Santiment suggest a potential year-end […]

Following this month’s reduction, which brought over 30% correction in two weeks, CRV found support a week ago and bounced back. Facing a key level, the trend is still looking bullish on the daily timeframe. The recent monthly drawdown caused a notable decrease in the market, but CRV managed to hold above the $0.69 level […]

Bybit has ended its operations in Malaysia following an order from the Securities Commission Malaysia (SC). The SC flagged the cryptocurrency exchange giant for operating in the country without local registration and held Bybit’s CEO, Ben Zhou, responsible for ensuring compliance. Actions against Unregistered Platforms The order came after the Malaysian regulator added Bybit to […]

Cryptocurrency miners in Chechnya will be treated as terrorists, Adam Delimkhanov, a State Duma deputy and advisor to the head of the republic, …

Bitcoin stands at a critical crossroads, with its price hovering near the crucial $93,257 support level. This key price point has acted as a stronghold for the cryptocurrency during its recent ascent, but now, the market is facing mounting pressure. Bearish strength is starting to gain traction, raising concerns that the $93,257 level might soon […]

A Hong Kong legislator has proposed leveraging the “one country, two systems” framework to add Bitcoin to its national reserve for financial stability.

The research arm of Galaxy Digital is revealing its predictions for the two largest crypto assets in 2025. In a new thread on the social media platform X, Galaxy Research’s Alex Thorn says he sees Bitcoin (BTC) surging by nearly 100% from current levels before 2025 expires amid increasing adoption of the largest digital asset […]

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition of Latam Insights, El Salvador continues buying bitcoin despite IMF’s requirements, the Argentine justice system orders freezing USDT for the first time, and a Brazilian congresswoman warns about the dangers […]

Bitcoin mining difficulty has had yet another positive adjustment

South Africa’s Financial Sector Conduct Authority (FSCA) announced earlier this month that it has approved the licences of 248 firms to operate as crypto asset service providers (CASPs) while declining nine applications. The regulator has yet to make a decision on 56 more applications. South Africa Regulates Crypto Firms The regulator further revealed that it […]