Author: Roland Guirdonan

Article written by Roland Guirdonan

Bitcoin surges to a new all-time high of $106K, driven by strong institutional support

December 16, 2024 1 min read

Bitcoin has reached a significant point by going over $106,368, setting a new record. This increase is due to more interest from institutions, wider use, and good market conditions. Crypto analyst Rachael Lucas from BTC Markets highlights that this record marks an important change for Bitcoin, moving from being mainly for retail investors to being shaped by institutional investors, exchange-traded funds (ETFs), and corporate involvement, which strengthens its position as

Avalanche raises $250 million from Galaxy Digital, Dragonfly and ParaFi Capital

December 16, 2024 1 min read

Avalanche, a layer-1 blockchain platform, has raised $250 million from a token sale to support its new upgrade, Avalanche9000. Major investment firms like Galaxy Digital, Dragonfly, and ParaFi Capital led the fundraising effort, joined by more than 40 other firms including SkyBridge, SCB Limited, and Morgan Creek Digital. Avalanche9000 just launched on a testnet, bringing a financial boost that aims to cut transaction costs and improve application deployment efficiency by

Russian lawmaker proposes a Bitcoin reserve to enhance financial stability

December 12, 2024 1 min read

Anton Tkachev, a Deputy in the Russian State Duma, has suggested creating a strategic Bitcoin reserve to improve the country’s financial stability. This plan, shown to Finance Minister Anton Siluanov, highlights Bitcoin’s ability to be a strong asset, protected from international sanctions and inflation issues that affect regular currencies like the dollar, euro, and yuan. Tkachev’s proposal comes at a time when Russia is changing how it regulates cryptocurrency. President

Over $1.4 billion worth of crypto long positions were liquidated in the past hour

December 10, 2024 1 min read

The cryptocurrency market experienced a significant downturn on Monday, following a gradual decline over the weekend. Bitcoin (BTC) fell to just above $95,000, marking a 5% decrease within 24 hours, while Ether (ETH) saw a more substantial drop of 10%, settling at $3,590. This decline triggered the liquidation of over $1.4 billion in leveraged derivatives positions, predominantly from bullish investors, indicating a sharp market correction reminiscent of previous volatility seen

James Howells battles Newport Council to search a landfill for a lost hard drive holding 8,000 Bitcoin

December 9, 2024 1 min read

James Howells, who lives in Newport, is trying to find a hard drive with 8,000 Bitcoin worth about $800 million that he accidentally threw away in 2013. The Newport City Council has repeatedly denied his attempts to search a local landfill for the drive. They say that once items are thrown away, they belong to the council and cannot be taken back or sold. Howells wants to give 25% of

Crypto trading on exchanges hits $10.4 trillion in November

December 5, 2024 1 min read

In November, centralized crypto trading hit a significant milestone, reaching $10.4 trillion in volume, according to CCData. This increase was mainly caused by derivatives trading, which made up most of the activities on centralized exchanges. Trading volume went up along with positive changes in regulations and more interest from institutions in cryptocurrencies. People felt hopeful about Donald Trump’s election win, which led to expectations for friendlier rules for cryptocurrencies. This

MOODENG price surges by over 68% after Coinbase announced listing

December 2, 2024 1 min read

Moo Deng (MOODENG), a meme coin inspired by the viral baby hippo craze in Thailand, has seen a dramatic price surge following a significant announcement from Coinbase. On December 2, Coinbase revealed that Moo Deng was added to its listing roadmap, prompting a 66% price increase as the community reacted positively to the news. This development has propelled MOODENG back to levels seen around November 18, recovering from a recent dip after

Over $10 billion in Bitcoin and Ethereum options expire today

November 30, 2024 1 min read

Today marks a significant day for the crypto market as over $10 billion worth of Bitcoin and Ethereum options are set to expire. This event could have a significant impact on market trends and potentially cause short-term volatility. Analysts are closely monitoring the put-to-call ratios for both BTC and ETH options. A higher preference for call options indicates bullish sentiment among traders. However, the maximum pain points for both assets

Elon Musk’s recent Dogecoin-themed meme raised questions about potential market manipulation

November 26, 2024 2 mins read

Elon Musk’s recent social media posts referencing “D.O.G.E.” have once again raised questions about his influence on Dogecoin (DOGE). A recent tweet mentioning the “Department of Government Efficiency (D.O.G.E.)” caused a brief spike in DOGE’s price, even though Musk’s reference was tied to a political project rather than the cryptocurrency itself. This pattern has led to speculation over whether Musk intentionally impacts the meme coin’s value through his posts. Musk

Bitcoin surpasses $97K, nearing $100K

November 21, 2024 1 min read

Bitcoin (BTC) has surged past $97,500, nearing the $100,000 milestone, driven by a pro-crypto U.S. government and renewed market optimism. This rally, dubbed the “Trump trade,” gained momentum after the Republican election victory and Federal Reserve rate cuts, boosting risk appetite across asset classes. BTC’s 30% rise over 14 days has brought its market capitalization close to $2 trillion. Institutional interest has further fueled the rally, with BlackRock’s IBIT options—tracking

The chance of Bitcoin reaching $100,000 by year’s end surges to 72%

November 20, 2024 1 min read

The likelihood of Bitcoin (BTC) reaching $100,000 by the end of 2024 has surged to 72% on Polymarket, a prediction platform. This optimism stems from growing institutional interest, improving macroeconomic conditions, and anticipation around regulatory advancements, especially in the U.S. Key drivers of Bitcoin’s rally include declining inflation and lower interest rate expectations, which have boosted investor confidence. Speculation about the approval of a spot Bitcoin exchange-traded fund (ETF) is

Metaplanet to raise over $11.7 million in bonds to buy Bitcoin (BTC)

November 19, 2024 1 min read

Japan-based Metaplanet, listed on the Tokyo Stock Exchange, has announced plans to deepen its Bitcoin (BTC) investments. On November 18, the company revealed it would issue ¥1.75 billion (approximately $11.7 million) in one-year bonds at a 0.36% interest rate to fund additional BTC purchases. Already holding over 1,000 BTC, Metaplanet aims to cement its position as a leading Bitcoin treasury in Japan. Often compared to U.S.-based MicroStrategy for its aggressive