Advertisements Temporary bans may be imposed in other regions during peak energy demand, Tass reported The Russian government imposed a six-year ban on crypto mining in 10 regions due to the industry’s high power consumption, Tass reported. The ban, which includes participation in a mining pool and temporary restrictions in other regions during periods ofContinue reading “Russia Imposes 6-Year Ban on Crypto Mining in 10 Regions, Citing Energy Use: Tass”
Category Archives: Finance
Dogecoin’s 11% Drop Leads Losses in Crypto Majors as Bitcoin Sours Festive Mood
Advertisements “We believe the root cause of the morning’s crash to be the market’s overly bullish positioning,” QCP traders said in a Friday note. Losses in bitcoin (BTC) and other crypto majors extended to their third straight day, as risk-off behavior after this week’s FOMC meeting and general profit-taking contributed to heavy market sentiment. BTCContinue reading “Dogecoin’s 11% Drop Leads Losses in Crypto Majors as Bitcoin Sours Festive Mood”
NFTs Are Making a Comeback as Trading Volumes Surge: Galaxy Research
Advertisements Leading marketplaces such as OpenSea, Blur and Magic Eden have seen increased activity since November, the report said. The non-fungible token (NFT) market is showing signs of recovery, Galaxy Research said in a report Monday. NFTs are digital assets on a blockchain that represent ownership of virtual or physical items and can be soldContinue reading “NFTs Are Making a Comeback as Trading Volumes Surge: Galaxy Research”
Bitcoin Takes a Breather After Doji Candle in a Cautious Pre-Fed De-Risking
Advertisements BTC takes a breather after an indecisive Tuesday, as the Fed is expected to cut rates Wednesday while signaling slower easing next year. Bitcoin (BTC) is taking a breather, experiencing selling pressure after Tuesday’s indecisive price action marked by a Doji candle. This seems to be a classic case of traders de-risking in anticipationContinue reading “Bitcoin Takes a Breather After Doji Candle in a Cautious Pre-Fed De-Risking”
Ether Volume Overshadows Bitcoin on HyperLiquid as Platform Activity Hits $500B
Advertisements The record trading activity on HyperLiquid’s perpetuals market is characrterized by users recently leaning more toward ether than bitcoin. Bitcoin (BTC) is not the only one setting milestones. HyperLiquid, the leading on-chain perpetuals trading protocol operating on its custom-built layer 1 blockchain, is setting impressive records, too, with the platform seeing more activity inContinue reading “Ether Volume Overshadows Bitcoin on HyperLiquid as Platform Activity Hits $500B”
LINK Surges to 2021 Levels as Trump’s World Liberty Buys More Chainlink Tokens
Advertisements LINK neared $30 in Asian morning hours Friday, data shows, with open interest (OI) on the token’s futures zooming to record highs above $860 million. Donald Trump-backed World Liberty Financial just increased its holdings of Chainlink’s LINK token. The project purchased another $1 million worth of LINK late Thursday, data shows, for the secondContinue reading “LINK Surges to 2021 Levels as Trump’s World Liberty Buys More Chainlink Tokens”
Italy Set to Scale Back Planned Tax Hike on Crypto Capital Gains: Reuters
Advertisements The tax increase will be significantly reduced during parliamentary work, lawmakers said. Italy is set to trim its planned tax increase on crypto capital gains, Reuters reported on Tuesday. Two months ago, the government was intent on raising the tax to 42% from 26% by the end of December. “The tax increase will beContinue reading “Italy Set to Scale Back Planned Tax Hike on Crypto Capital Gains: Reuters”
Bitcoin’s $100K Breakout Pause Likely Due to Liquidity Factors and Nvidia’s Stalled Rally
Advertisements Slower inflow of liquidity and risk-off cues from NVDA might be holding back the upside. For the third week, bitcoin (BTC) remains locked in a price range between $90,000 and $100,000, punctuated only by Dec. 5’s short-lived rise into six figures. This indecisive price action might have left traders feeling uninspired, with two keyContinue reading “Bitcoin’s $100K Breakout Pause Likely Due to Liquidity Factors and Nvidia’s Stalled Rally”
Gauging Bitcoin, XRP Resistance Levels After Record Price Rallies
Advertisements As cryptocurrencies enter price-discovery mode, options market activity can help traders identify potential resistance levels. When assets surge to lifetime highs or multimonth peaks, traders are often faced with the challenge of identifying key resistance levels, the price targets where the market could next take a breather. That’s precisely the situation facing bitcoin (BTC)Continue reading “Gauging Bitcoin, XRP Resistance Levels After Record Price Rallies”
Ripple’s Garlinghouse Says 2024 Election Was a Chance to ‘Educate Voters’
Advertisements The Ripple CEO says crypto-backed political action committees (PACs) were a response to the war on crypto. Ripple CEO Brad Garlinghouse in an interview with 60 Minutes, said that the 2024 election was a “major victory” for crypto as the majority of Fairshake, a crypto political action committee (PAC), backed candidates, won their seats.Continue reading “Ripple’s Garlinghouse Says 2024 Election Was a Chance to ‘Educate Voters’”
BTC Nosedive to 92K Hits DOGE, XRP Futures Hardest as Liquidations Climb to $1B
Advertisements Futures tracking major tokens outside of bitcoin and ether saw tens of millions in losses, led by XRP at $39 million in an unusually high move. Crypto-tracked futures recorded over $1 billion in liquidations in the past 24 hours as bitcoin briefly nosedived from a Thursday record high above $103,000 to nearly $92,000 earlyContinue reading “BTC Nosedive to 92K Hits DOGE, XRP Futures Hardest as Liquidations Climb to $1B”
BTC Nosedive to 92K Hits DOGE, XRP Futures Hardest as Liquidations Climb to $1B
Advertisements Futures tracking major tokens outside of bitcoin and ether saw tens of millions in losses, led by XRP at $39 million in an unusually high move. Crypto-tracked futures recorded over $1 billion in liquidations in the past 24 hours as bitcoin briefly nosedived from a Thursday record high above $103,000 to nearly $92,000 earlyContinue reading “BTC Nosedive to 92K Hits DOGE, XRP Futures Hardest as Liquidations Climb to $1B”
Crypto Markets Have Benefited From a Positive Environment Since U.S. Election: Citi
Advertisements The nomination of crypto-friendly Paul Atkins as chair of the SEC provided the final boost that propelled bitcoin through the $100,000 level, the report said. Bitcoin (BTC) reached an all-time high above $100,000 earlier this week as a number of tailwinds fueled a post-U.S.-election rally in the world’s largest cryptocurrency, Citi (C) said inContinue reading “Crypto Markets Have Benefited From a Positive Environment Since U.S. Election: Citi”
Dogecoin Mining Turns Out Three Times More Profitable for This Bitcoin Miner
Advertisements BIT Mining has made a whopping $100 million worth of DOGE on its Dogecoin mining operations, per a release. Publicly traded BIT Mining (BTCM) will continue its self-hosted mining operations for dogecoin (DOGE) and litecoin (LTC) after the endeavor reaped three times more profit than its bigger bitcoin (BTC) mining operations, per a release.Continue reading “Dogecoin Mining Turns Out Three Times More Profitable for This Bitcoin Miner”
Market Makers May Keep Bitcoin Around $100K as Overheated Market Faces Pullback Risks
Advertisements The hedging activity of options market makers may ensure BTC price stability amid risks from elevated funding rates Publicly traded BIT Mining (BTCM) will continue its self-hosted mining operations for dogecoin (DOGE) and litecoin (LTC) after the endeavor reaped three times more profit than its bigger bitcoin (BTC) mining operations, per a release. BITContinue reading “Market Makers May Keep Bitcoin Around $100K as Overheated Market Faces Pullback Risks”