Since November 2024, both the overall amount of Bitcoin (BTC) transmitted to exchanges and the amount of Bitcoin Outflows Drop sent to exchanges by miners have declined dramatically, indicating that there is less selling pressure on the market. Data from CryptoQuant shows that after around two months of increased activity, Bitcoin exchange inflows peaked on November 25th, 2024, at 98,748 BTC. Bitcoin Outflow Drops in Dec 2024 Even while the amount of Bitcoin transmitted to exchanges fell in December 2024, it was still considerable, ranging from 11,000 to 79,000 coins daily. The decline in exchange inflow was mirrored by a…
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The Chinese government issued new regulations on the night of 2025 that severely restrict the circulation of cryptocurrencies in mainland China. China has attacked China’s Tightening Crypto significantly before this. Do other governments that oppose cryptocurrency look to China as an example to follow? China Strengthens Crypto Regulations China further strengthened its crypto legislation on December 31, 2024. The foreign exchange regulator is urging financial institutions to identify and prohibit cross-border cryptocurrency transactions. Banks will now use the identification of participants, the source of funds, the frequency of trades, and other variables to identify potentially dangerous financial behavior. The regulation’s…
A man from California is suing three banks in Asia, saying they were careless in stopping a cryptocurrency scam that nearly cost him $1 million. The victim, who was allegedly deceived over several months, claims that the banks neglected to conduct necessary due diligence. The complaint was sent to a district court in the state of California on December 31st, 2024. In June 2023, individuals claiming to represent a profitable cryptocurrency investment opportunity contacted Ken Liem on LinkedIn. According to Liem’s lawsuit, Liem then became the victim of a “pig butchering” fraud. Liem Claims Fraud Involving Banks Attorneys for Liem…
Having recovered from its decline to $92,000 on December 31, Bitcoin XRP Solana is trading above $96,000 again. Altcoins and the cryptocurrency market have started to recover from a recent downturn, and investors are eagerly anticipating 2025 as they await pro-crypto legislation and policy in the United States. Bullish Surge in Bitcoin, XRP, Solana Most traders look at open interest as a sign of demand for a crypto asset. Sentiment data shows that after the low on December 31, there has been a spike in OI in Bitcoin XRP Solana. The heightened interest of derivatives traders in the three coins…
The famous Rich Dad Poor Dad author Robert Kiyosaki has reaffirmed his belief in Bitcoin (BTC) to become wealthy in 2024. Even if Bitcoin is still all everyone can discuss, two notable projects, Rexas Finance (RXS) and XRP, are making waves in the dynamic cryptocurrency industry. In addition to shattering expectations with their groundbreaking of blockchain technology and asset tokenization, these ventures are reshaping the very nature of the investment. XRP’s Resilience and Growth in 2024 The success of XRP in 2024 indicates the increased trust among investors. Although XRP’s price has stabilized around $2.182, it has expanded significantly despite…
To attract companies with more than 1,000 Bitcoins in their financial records, Bitwise is preparing to introduce the Bitwise Bitcoin Standard Corporations ETF. Companies are increasing their investments in response to Bitcoin’s recent price surge, which occurs simultaneously with this statement. Customers must utilize top Web3 wallets to maximize their financial rewards, especially with the increasing interest from institutions in cryptocurrencies. Plus, Wallett stands out because of its boundless earning potential and comprehensive cross-chain support. After downloading the app, users can earn instantly by completing Boost Crypto Growthswaps with the site! By bit Partners for TON Staking Staking Toncoin ($TON)…
HIVE Digital Technologies, an Indian mining company, has achieved 6.0 EH/s in operational hash rate, a 47% increase from the previous year in the same time period. Bitcoin (BTC): 269 per cent. Hit 6.0 exahashes per second in operational hash rate is a major milestone for Bitcoin miner HIVE Digital Technologies, which has made considerable progress. This represents a 47% increase from 4.08 EH/s at the end of 2023. The company, which has its headquarters in Vancouver, stated in a news release dated January 2 that the expansion resulted from upgrading its Bitcoin mining fleet with the most recent Avalon…
The Floki Decentralized Autonomous Organization (DAO) has approved a proposal stating that a percentage of the Floki supply should be allocated as liquidity funding for a Floki exchange-traded product. The decentralized autonomous organization, which supports the development of the FLOKI-0.63% FLOKI project, unanimously passed the proposal. This means that part of the 16.3 billion FLOKI tokens in the community buyback wallet will help fund the soon-to-be-launched Floki ETP. Meanwhile, the project will permanently burn the rest of the tokens. Floki to Launch ETP on SIX Exchange in 2025 Floki has a strong chance to become in light of this new…
Several influential figures in the digital asset market speculate that the leadership change could result in more favorable Crypto Regulations and laws. Less than a month separates this speculation from the scheduled inauguration of a new presidential administration and Congress in the United States. Ripple Chief Expects SEC Validation on Crypto Rules The actions taken by the Securities and Exchange Commission (SEC) could make any policy change implemented by the United States government visible to certain executives operating in the financial sector. Several enforcement proceedings were taken against cryptocurrency companies in the United States, including Ripple and Coinbase, by the…
The stock market on Wall Street is moving down a little. This is Tuesday, the last trading day of the Wall Street year, which has been beneficial overall. Bitcoin Gold and Stocks and gold are poised to end the year with substantial gains, while China’s industrial sector grew slower than expected in December. china’s Manufacturing Grows for Third Month On Tuesday, purchasing managers index data showed that China’s manufacturing sector expanded in December, although slower than expected. This marks the third consecutive month of expansion, thanks to the plethora of new stimulus measures that have been put in place. The…