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Foresight Ventures' X Account Compromised, Recovery Efforts Underway
According to Foresight News, Foresight Ventures' X account has been compromised. The company is actively working to recover the account. Users are advised not to click on or trust any recent links or token information shared by the account.
Kenya Moves Toward Cryptocurrency Regulation With New Proposal
According to Cointelegraph, Kenya is advancing towards regulating cryptocurrencies, marking a significant shift from the Central Bank of Kenya's (CBK) previous cautious stance. On January 10, Treasury Cabinet Secretary John Mbadi announced the government's commitment to establishing a legal and regulatory framework for cryptocurrencies. This development coincides with the drafting of a new proposal titled 'National Policy on Virtual Assets and Virtual Asset Service Providers.'
Bitcoin Price Drop Could Threaten MicroStrategy's Financial Stability
According to PANews, financial expert David Krause has warned that a significant decline in Bitcoin prices could severely impact MicroStrategy, potentially jeopardizing its ability to repay debts and leading to financial distress or bankruptcy, which may trigger a sell-off of its stocks. Financial analyst Jacob King noted that MicroStrategy tends to raise funds through debt or equity to purchase more Bitcoin when its stock price exceeds the net value of its Bitcoin assets. This cyclical strategy
According to PANews, Ethereum is currently trading around $3,273, with the market closely watching the short-term resistance level at $3,300. This level could be crucial in determining Ethereum's next move. As of January 11, the trading range is between $3,192 and $3,322. After a significant drop from $4,111, Ethereum is consolidating between $3,200 and $3,300. A breakthrough above $3,400 may indicate bullish potential, while a decline below $3,100 could confirm a bearish trend. The short-term r
According to PANews, data from the on-chain analysis platform Dune reveals that the total gas consumption on the Base chain has exceeded 25,000 ETH, reaching 26,779.4438 ETH. The average gas usage cost is approximately $0.0566 (0.000018159 ETH).
In addition, the total transaction volume on the Base chain has surpassed 1.5 billion, reaching approximately 1.501 billion transactions. The number of blocks has reached around 24.75 million, and the number of contracts created on the chain has hit 18,
Vitalik Buterin Emphasizes Open Standards And Security In Financing
According to Foresight News, Ethereum co-founder Vitalik Buterin recently tweeted about the importance of establishing a financing framework that consistently supports open-source projects, open standards, and security. He highlighted the need to discourage closed-minded approaches and exploitative practices, while encouraging participants to create mutually beneficial value for the broader ecosystem.
Key Economic Data Releases Expected to Impact Markets Next Week
According to Odaily, the upcoming week will see the release of significant economic data from the United States, including the Producer Price Index (PPI), Consumer Price Index (CPI), and retail sales figures, often referred to as 'scary data.' These releases are anticipated to influence market volatility.
On Tuesday at 00:00 UTC+8, the New York Federal Reserve's one-year inflation expectations for December will be announced. Later that day, at 21:30 UTC+8, the U.S. December PPI data will be re
According to Odaily, data from Arkham Intelligence reveals that BlackRock, MicroStrategy, and Fidelity have collectively purchased approximately $100 billion worth of Bitcoin. BlackRock, the world's largest asset management firm, has acquired $50 billion in Bitcoin. MicroStrategy has successfully accumulated $24 billion worth of BTC, while Fidelity has purchased $20 billion, positioning itself at the lower end of these acquisitions. This significant buying pressure, even through over-the-counter
MicroStrategy Achieves AWS Certifications for Government and Education
According to PANews, MicroStrategy has announced on the X platform that it has received AWS Government and AWS Education Competency certifications. This achievement enables MicroStrategy to offer data analytics solutions to government and educational sectors.
Macau International Carbon Exchange Completes Brazil's First I-REC Transaction
According to Foresight News, the Macau International Carbon Exchange has announced the completion of Brazil's first household photovoltaic International Renewable Energy Certificate (I-REC) transaction. This initiative marks a new attempt utilizing blockchain technology, significantly reducing the time from electricity information registration to green certificate trading to approximately one week, compared to the previous duration of one month or longer.
Binance Market Update: Top Stories January 11, 2025
According to CoinMarketCap data, the global crypto market cap is $3.28T, a 0.85% decrease over the last day.Bitcoin (BTC) traded between $92,206 and $95,836 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $94,232, down by 0.75%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include CGPT, AIXBT, and COOKIE, up by 53%, 20%, and 17%, respectively.Top stories of the day:Strategic Bitcoin Reserve Bills Set for U.S. HearingsMeta Urged to Conside
According to PANews, the Fear and Greed Index has increased to 69 today, up from 50 yesterday, indicating a shift to a 'Greed' level. The index, which ranges from 0 to 100, is calculated based on several factors: volatility (25%), market trading volume (25%), social media popularity (15%), market surveys (15%), Bitcoin's market dominance (10%), and Google Trends analysis (10%).
According to Odaily, Aidan Larkin from Asset Reality addressed questions regarding the U.S. government's handling of Bitcoin, stating that recent court approvals are part of the standard procedure for any civil forfeiture. He emphasized that this does not mean the U.S. will immediately proceed with selling the Bitcoin. The sale must adhere to a very strict process. Larkin further explained that at some point in the future, the Bitcoin will go through normal government procedures, including a civ
El Salvador's Tourism Surges Amid Bitcoin Adoption
According to PANews, a report by Santander Bank highlights the significant growth in El Salvador's tourism industry, closely linked to the country's acceptance of Bitcoin. The report outlines El Salvador's adoption of BTC as legal tender in 2021, transforming the nation into a unique destination for travelers, particularly cryptocurrency enthusiasts. Salvadoran authorities reported that in 2024, the country welcomed 3.9 million tourists, marking a 22% increase from the previous year. This influx
Heritage Distilling To Accept Cryptocurrency Payments And Hold As Strategic Asset
According to Odaily, Heritage Distilling, a spirits company listed on Nasdaq under the ticker CASK, has announced plans to incorporate cryptocurrency as a 'strategic asset' and accept it as a form of payment. The company stated that this initiative requires approval, and Heritage will first develop policy plans for the board's approval before proceeding. CEO Justin Stiefel expressed that Heritage has always been an innovator in the craft spirits industry and is now ready to accept Bitcoin for on