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Author: Vickie Helm
Here’s what on-chain data shows about which segments of the Bitcoin market are participating in the latest sell-off. Bitcoin investors with 90+ days have been showing high activity recently. As YouTuber denome pointed out in his X post, only some segments of the Bitcoin market still participate in profit taking. The data shared by users comes from on-chain analytics company Santiment. More specifically, this chart is of a dormant cycle indicator. Dormant circulation tracks the total number of tokens that are moved on the blockchain after being dormant for at least a certain period of time. Below is a graph…
One of the arguments against pushing for greater Bitcoin scalability is, “Most people won’t self-manage anyway, so why bother?” This is a very presumptive, arrogant and completely false argument. This is the same kind of logical fallacy that humans cannot avoid. Current status is an indicator of future status. “It’s not raining today, so it won’t be raining tomorrow.” This is exactly what led Bitcoiners to think it was natural to peak at $100,000 to $200,000 during the last market cycle. It’s a type of idea. This assumption was brutally shattered by a double top of 69,000, which is only…
Former South Korean lawmaker sentenced to 6 months in prison for lying about virtual currency assets
A former South Korean Democratic Party lawmaker was jailed on suspicion of concealing 10 billion won worth of virtual currency assets. Kim Nam-guk, a former member of the Democratic Party of Korea, was found guilty of concealing his virtual currency holdings while a member of the National Assembly and sentenced to six months in prison. This judgment was handed down at Kim’s trial held on the morning of October 28, 2024, at the Southern District Court in Yangcheon-gu, Seoul. In order to obstruct the National Assembly Ethics Committee’s investigation into his wealth changes, Kim changed some of his virtual currency…
Important points Warren has raised conflict of interest concerns about Musk’s role in the Trump administration. Elon Musk fired back at Warren, claiming SBF’s parents were shaping her criticism. Share this article Elon Musk has responded to Sen. Elizabeth Warren’s claims that he has a potential conflict of interest in his new role in President-elect Donald Trump’s administration. Laughter. By the way, the people who actually wrote these things about Pocahontas were SBF’s parents. https://t.co/V741yhitwp — Elon Musk (@elonmusk) December 17, 2024Regarding his PlatformElon Musk called Sen. Warren “Pocahontas” and tweeted, “The people who actually wrote about Pocahontas are SBF’s…
Disclosure: The views and opinions expressed herein are solely those of the authors and do not represent the views and opinions of crypto.news editorial. Although the global economy is developing rapidly, financial exclusion remains a persistent problem. Visa’s 2022 report reveals that 2.1 billion people around the world remain unserved or underserved by digital financial services. This gap often traps individuals and businesses in underbanked areas, leading to cycles of limited growth and opportunity. The good news? Emerging technologies, especially cryptocurrencies, present an opportunity to rewrite this narrative. The adoption of cryptocurrency payments by merchants has the potential to significantly…
The crypto market has been on a bullish streak in the last quarter of this year, thanks to Donald Trump’s recent victory in the US presidential election. American investment management company VanEck has shared 10 predictions that could see the crypto market valuation rise next year. Bullish cryptocurrency predictions by VanEck Van Eck’s initial forecast focused on key assets expected to see sharp price increases over the next year. For example, BTC reaches $180,000, ETH is over $6,000, SOL is over $500, and SUI is over $10. The company’s following forecasts laid out factors that could drive some of these…
A new type of cryptocurrency scam called “cryptocurrency fraud” is on the rise. “Pig Slaughter”” These sophisticated scams replace the outdated Ponzi approach with cunning, personalized deception that fools even the most enlightened market participants. Here’s what to look for: How to avoid these scams in 2 minutes. What is the new pig butchering crypto scam? The “pig slaughter” scheme is as sinister as it sounds. Fraudsters fatten their prey by weaving a web of trust on social platforms and abandoning the old method of using one trap. For example, someone might send you nice text, Or you might receive…
Check out the latest information in Spanish. The cryptocurrency ecosystem is about to enter another significant week, ushered in by several major developments happening across various networks. This week’s spotlight is on Bitcoin, Fantom, Avalanche, Stacks, and LayerZero, each of which are facing significant milestones. The broader macro context, particularly the US Federal Open Market Committee (FOMC) interest rate decision of December 18, is also important. #1 Bitcoin and cryptocurrencies await FOMC decision Bitcoin traders and investors are keeping an eye on the Federal Reserve’s policy meeting scheduled for Wednesday, December 18th at 2pm ET, followed by Chairman Jerome Powell’s…
For those who thought $10,000 was ridiculous, what can you say about Bitcoin worth over $100,000? After 15 years of crypto boom-bust cycles, stories of rags-to-riches (and back again), scams and bankruptcies, the carnival mood is back and silencing us naysayers. American politicians also joined the party. Donald Trump has appointed pro-crypto officials, focused on Bitcoin reserves, and even promoted his own coin. So are punters who are trying their hand at the risky meme coin market and losing money. Like the 18th-century Roman carnival, which the poet Goethe took part in, foolish behavior other than knives and brawls is…
Unlock Editor’s Digest for freeFT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter.The author is the president of Coinfund, an investment company specializing in crypto assets.For the cryptocurrency industry, the 2024 US election was a key turning point on the path to redemption and legitimacy as an investable asset class. With over 290 pro-crypto members of Congress and an incoming president declaring the US will become the crypto capital of the planet, the crypto industry is finally being supported rather than fought by the government. This change could help the United States elevate itself as a…