Author: Roland Guirdonan

Article written by Roland Guirdonan

Ethereum ETFs gain $130 million

December 27, 2024 1 min read

Bitcoin exchange-traded funds (ETFs) have seen large withdrawals lately, amounting to almost $1.2 billion in just three days, including a record single-day pull of $680 million on December 19. This is the biggest outflow since Bitcoin ETFs started. Analysts say this trend is mainly due to profit-taking, but some think it might show a bigger change in how investors feel. Before this decline, Bitcoin ETFs saw strong inflows, raising their

Russia announces a 6-year crypto mining ban in 10 regions starting January 2025

December 26, 2024 1 min read

Russia will implement a six-year ban on cryptocurrency mining in ten regions, starting in January 2025 and lasting until March 2031. This choice is part of a larger effort to control energy use and stabilize the power grid as electricity demand rises. This ban affects Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk, Lugansk, Zaporizhzhia, and Kherson. Also, places like Irkutsk, Buryatia, and the Trans-Baikal Territory will have mining limits

A US federal judge allows Coinbase to delist WBTC

December 22, 2024 1 min read

A California federal judge has ruled in favor of crypto exchange Coinbase, permitting it to proceed with the delisting of Wrapped Bitcoin (WBTC). Judge Araceli Martínez-Olguín of the US District Court for the Northern District of California made the decision after a legal challenge from BiT Global, a digital asset custodian partly owned by Tron founder Justin Sun. The conflict started in November 2024 when Coinbase said it would remove

Over $2.6 billion in Bitcoin and Ethereum options set to expire

December 21, 2024 1 min read

Today is an important day in the cryptocurrency market, as $2.62 billion in Bitcoin and Ethereum options contracts are about to expire. This situation is expected to cause short-term price changes for both crypto, which have recently gone down. Bitcoin is at the top with $2.02 billion in contracts, and Ethereum is next with $598.99 million. Today, more than 20,700 Bitcoin contracts are expiring, a bit lower than last week.

MicroStrategy invests $1.5 billion to acquire 15,350 BTC

December 17, 2024 1 min read

MicroStrategy has bought 15,350 BTC for about $1.5 billion from December 9 to December 15, 2024. This purchase is significant because it’s the first time the company has bought Bitcoin for more than $100,000 each. MicroStrategy now holds a total of 439,000 BTC, worth about $27.1 billion, after this recent acquisition. The company’s plan, guided by Executive Chairman Michael Saylor, focuses on Bitcoin as a key treasury asset, showing a

The memecoin market cap surpasses $140 billion

December 17, 2024 2 mins read

The cryptocurrency market in 2024 has seen a strong rise, largely due to President-elect Donald Trump’s entry, pushing Bitcoin (BTC) to a new high of $106K. Bitcoin’s rise in value sparked a wider increase in the global crypto market, bringing its total market cap to around $3.65 trillion. One of the key trends during this time was the growth of “memecoins,” which became quite popular. Memecoins started as jokes about

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