Author: Vickie Helm

Important points Bitcoin soared more than 130% in 2024, but most mining company stocks ended the year in the red. Rising operating costs, increasing mining difficulty, and decreasing block rewards due to halving events have affected miners’ profitability. Share this article Bitcoin soared more than 130% in 2024, rising from an opening price of $42,300 on January 1st to $98,600 as of December 24th, 2024.However, according to a report by Cointelegraph, only seven out of 25 publicly traded Bitcoin mining companies have posted positive profits.Core Scientific (CORZQ) led the way with gains of 327%, followed by Terrawolf (WULF) with 169%,…

Disclosure: The views and opinions expressed herein belong solely to the authors and do not represent the views and opinions of crypto.news editorials. 2024 marks a turning point for global financial markets, with the U.S. Securities and Exchange Commission greenlighting the first Bitcoin (BTC) spot ETF, a pivotal development that signals a shift toward greater institutional acceptance of digital assets. The year will be . This milestone highlights the dramatic evolution of cryptocurrencies from a niche speculative asset to a fundamental investment opportunity. Large financial institutions are increasingly leveraging digital assets for robust portfolio diversification and as a strategic hedge…

Mexicothe world’s leading cryptocurrency exchange, today announced that it has added support for 17 languages ​​on its website, including Dutch, Bulgarian, Czech, Danish, Greek, Hungarian, and Indonesian. This initiative further strengthens MEXC’s localized services and provides a seamless and enhanced trading experience for crypto investors around the world. The new language is currently available on MEXC’s official website, and app integration is expected soon. With this latest language update, MEXC now supports a total of 34 languages. This reflects not only the platform’s commitment to global growth, but also its commitment to cultural diversity and inclusion. This strategic expansion will…

Bitcoin’s value has fallen 9.8% over the past week, prompting investors to show signs of caution as they worry about the possibility of further declines. Nevertheless, Japan-based Metaplanet reaffirmed its confidence by purchasing nearly 620 BTC. Interestingly, this acquisition is the largest Bitcoin purchase to date. Metaplanet’s largest single BTC acquisition According to the company’s official press release, the acquisition was carried out as part of its Bitcoin treasury operations and included the purchase of 619.7 BTC worth approximately $60.6 million. This latest transaction brings Metaplanet’s total Bitcoin holdings to 1,761.98 BTC, which is equivalent to approximately $168 million. Over…

Disclosure: The views and opinions expressed herein belong solely to the authors and do not represent the views and opinions of crypto.news editorials. Since pivoting to a Layer 2-centric approach, the Ethereum (ETH) ecosystem has relied heavily on L2 solutions for expansion. However, these solutions have struggled to compete effectively, especially under pressure from alternatives like Solana (SOL). During the recent meme coin craze, Solana attracted a lot of activity due to its advantages: low fees, high transaction speeds, and user friendliness. To understand the challenges, it is essential to consider why L2 solutions have not demonstrated the widely expected…

of US could reduce national debt by 35% within 24 years by establishing 1 million Bitcoin reservesAccording to a report by asset management company VanEck,. This prediction is consistent with a proposal introduced by Sen. Cynthia Lummis. VanEck’s analysis assumes that Bitcoin will grow at a compound annual growth rate (CAGR) of 25%, reaching $42.3 million per BTC by 2049. At the same time, of us national debt is expected It is expected to grow at a CAGR of 5%, from $37 trillion to $119.3 trillion in 2025. By 2049, Bitcoin reserves could offset approximately $42 trillion of national debt.…

USDC worth $60 million was withdrawn from the HyperLiquid trading platform after a wallet address associated with a North Korean hacker allegedly initiated transactions on the platform. Experts believe these trades, which have accumulated losses of $700,000, are a test of weakness. At the time of writing, approximately $60 million in USDC has been withdrawn from the HyperLiquid perpetual trading platform due to concerns that activity from North Korea-related wallets may precede the attack. A wallet address associated with a North Korean hacker group began executing transactions on the Perp trading platform over the weekend. An X user called Tay,…

Cardano (ADA) is facing increasing bearish momentum and its price is approaching the key support level at $0.8119. This potential retest signals a pivotal moment for cryptocurrencies amid unfavorable market conditions. Recent price movements with negative signals from key technical indicators have heightened concerns about further downside risks. With the Relative Strength Index (RSI) and other indicators suggesting increasing selling pressure, the key question is whether ADA can maintain its ability to rise above this important level. A break below $0.8119 could pave the way for further losses and could pull ADA into unprecedented bearish territory. However, adhering to this…

Ripple (XRP) has been in the spotlight for its recent rally and is on a hot streak, gaining more than 20% over the past week. After gaining partial transparency in a legal battle with the SEC, the token is once again in the spotlight. Although XRP has been steadily rising, it still has a long way to go to reach its highest price since January 2018 at $3.84. Meanwhile, a lesser-known competitor, Solaxy ($SOLX), quietly gaining momentum It is also attracting attention in the pre-sale space. The decentralized solar energy market is generating buzz among investors who value both meme-worthy…

Disclosure: The views and opinions expressed herein belong solely to the authors and do not represent the views and opinions of crypto.news editorials. The growth rate of AI is outpacing regulation, creating risks to data, identity, and reputation verification, and if left unchecked, could increase the prevalence of misinformation and slow progress in scientific innovation. The push toward superintelligent AI is described by some of its most passionate leaders as a push toward a golden age of science. However, this push poses an existential risk that our society will reach a ceiling on large-scale adoption of immature AI technologies and…