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Windows and Android Might Be Dangerous for Crypto Holders, According to CryptoQuant CEO
CryptoQuant CEO Ki Young Ju has warned cryptocurrency holdersagainst using Windows and Android if they are not tech-savvy enough.
In such a way, it would be possible to protect their cryptocurrency assets from being hacked.
Using a Macbook or an iPhone would dramatically reduce the possibility of one's wallet being hacked.
Apple's MacOS is generally considered to offer superior security since it is built on Unix, meaning that files are not executable by default. This OS also boasts strong app
20 Trillion SHIB Next as Shiba Inu Price Drops 6%: Details
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen its price drop from recent highs. Shiba Inu fell significantly in the past week amid broader caution in risk assets. Following a four-day drop, Shiba Inu rebounded from lows of $0.0000185 in Friday's session, extending the recovery to highs of $0.000024 in Saturday's session. The rebound met resistance at this key level, and it began to lose strength.
The majority of crypto assets are currently trading in the red, as Bitcoin dipped in the earl
Financial commentator Peter Schiff has suggested the idea of creating a government-backed Bitcoin copy called "USA Coin."
Schiff, a well-known cryptocurrency critic, has pitched this as an alternative to creating a strategic Bitcoin reserve.
The gold bug argues that the U.S. government could potentially save a lot of money by opting for its own cryptocurrency instead of investing in Bitcoin.
The 61-year-old pundit proposed capping the maximum supply of USA Coin at 21 million. "So USAcoin will
Data shared by the prominent Shibburn wallet tracker reveals a massive jump in the SHIB burn rate over the last 24 hours. Millions of meme coins have been removed from the circulating supply.
As for the weekly burns, over the last seven days, the community has managed to burn more than a hundred million coins.
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Burn rate jumps by 650%
The aforementioned data source spread the word about a massive burn rate surge over the last 24 hours. This key metric spiked by more than 630% overnight.
Polygon's Agglayer Mainnet Date Confirmed by Sandeep Nailwal
Agglayer, a hotly-anticipated upcoming modular cross-blockchain ecosystem, hit a major testing milestone. In the newly-launched testnet v0.2, it is set to leverage the first-ever implementation of pessimistic proofs to establish a connection between heterogeneous blockchains.
Agglayer kicks off in enhanced testnet, mainnet expected in early 2025
Agglayer, a decentralized cross-network connectivity protocol developed by the Polygon (POL) ecosystem, will debut in mainnet in early 2025. The offic
Dog-themed cryptocurrency Shiba Inu (SHIB) rebounded sharply in Friday's trading session after four days of losses, bouncing off a key support level. Shiba Inu rebounded upon reaching $0.0000185, a level near the daily 200-day Simple Moving Average (SMA), as traders rushed to buy the dip.
The rebound highlights the importance of the $0.0000185 level, which appears to have acted as a springboard for the recent rally. This area has proven significant as a point where buyers stepped in to defend S
Bitcoin ETF Expert Nate Geraci Expects This Unusual Fund to Kick Off
Unique spot Bitcoin and Carbon Credits Futures ETF S-1 proposal was submitted to U.S. SEC by fintech heavyweight Nexo. Nate Geraci, a top crypto ETFs expert, is optimistic about its prospects.
Spot Bitcoin ETF, ESG edition, is close to approval, Nate Geraci says
Nexo 7RCC, the first-ever exchange-traded fund based on spot Bitcoin and Carbon Credit Futures, might be soon approved by the SEC. Its potential issuer just submitted an S-1 form to the U.S. watchdog, The ETF Store's Nate Geraci shared
XRP Open Interest Sees Positive Shift in 1 Hour, Here's Likely Impact
XRP’s Open Interest (OI) has recorded impressive figures within the last hour, reaching $1.96 billion. Data available from CoinGlass reveals that Binance leads other crypto exchanges with a notable $834.67 million in Open Interest. This represents 42.62% of the cumulative XRP OI.
Implications of Open Interest spike
Bitget has 27.23% of the Open Interest with $533.26 million. Together with Binance, these two exchanges account for approximately 70% of the total Open Interest. However, Binance st
$775,000,000: Tether Invests Whopping Sum in Video Platform Rumble
Tether, the issuer of the largest stablecoin USDT, announced its investment in Rumble, a flagship video sharing platform and cloud service provider. Out of a whopping $775 million invested, $250 million will immediately fuel Rumble's growth initiatives.
Tether backs Rumble with $775 million funding
Yesterday, Dec. 20, 2024, stablecoin giant Tether announced its commitment to invest $775 million in YouTube rival Rumble. The first batch totals $250 million, while the entire transaction will be f
In a major move, 200 million Dogecoin was recently shifted from an unknown wallet to Binance. According to Whale Alert, "200,000,000 DOGE worth $59,925,858 transferred from unknown wallet to Binance."
Major transfers to crypto exchanges such as Binance can indicate a few potential scenarios. It could indicate an intention to trade or sell. The move could be part of preparations for liquidity provision on Binance; however, the exact reason remains unknown.
Bitcoin Strategic Reserve Can 'Offset US Debt': CryptoQuant Founder
Ki Young Ju, CryptoQuant founder, says it is possible for the United States to strategically accumulate Bitcoin (BTC) to address a portion of its debt. He stated this in a post on X as part of the ongoing debate among cryptocurrency analysts and financial experts.
Proposal for strategic Bitcoin reserve
According to Young Ju, setting up a Strategic Bitcoin Reserve (SBR) to offset part of the U.S. debt is feasible. Given that the U.S. debt comprises domestic and foreign-held liabilities, Young J
XRP, the fourth largest cryptocurrency by market value, has seen a 5% price jump, despite a "death cross" on its hourly charts. The "death cross," typically seen as a bearish signal, occurs when a short-term moving average crosses below a long-term moving average, suggesting potential further declines.
Despite the "death cross," XRP has rebounded, up 5% in the last 24 hours. The larger crypto market experienced a significant sell-off earlier this week, with liquidations surpassing $1.4 billion
In a fascinating throwback, Ripple CTO David Schwartz shared a unique use case of XRP Ledger (XRPL) from 2013, providing a glimpse into its early days.
In response to a tweet by X user Zach Rector, who highlighted the potential for tokenized metals on XRPL, Schwartz revealed a personal experience from 2013, showcasing the ledger’s versatility even in its early years. XRP Ledger first launched in June 2012, however, development work commenced in 2011.
Most of the coins have returned to the green zone, according to CoinStats.
DOGE/USD
The rate of DOGE has risen by 25.6% since yesterday.
Despite today's sharp rise, the price of DOGE is looking bearish on the hourly chart. The rate is falling after a false breakout of the resistance of $0.3487.
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If the correction continues, traders may expect a test of the support level by tomorrow.
On the bigger time frame, the bar is about to close with a long wick, which is a bearish signal. If the
12.16 Trillion Shiba Inu in 24 Hours, SHIB Whales in Hype Mode
Shiba Inu (SHIB) is getting a major defining moment as whales within the ecosystem are currently pushing for new heights.Per data from the crypto analytics platform IntoTheBlock, SHIB whales have moved 12.16 trillion tokens in 24 hours, a figure that marks a 41% surge in 24 hours. With a price rebound underway, SHIB whales might determine the momentum.
Where is Shiba Inu price heading to?
Despite the sustained hype in the Shiba Inu ecosystem, the SHIB whales might make a real difference. Over
Buyers are trying to restore the lost initiative, according to CoinMarketCap.
ETH/USD
The rate of Ethereum (ETH) has dropped by 6.58% over the last 24 hours.
On the hourly chart, the price of ETH is approaching the local support of $3,393. If a breakout happens, the correction may continue to the $3,300 range shortly.
On the bigger time frame, bulls have failed to keep yesterday's growth. If today's bar closes around the current prices or below, there is a chance of a test of the support lev
Balaji Srinivasan on Bitcoin, AI: 'Going Vertical'
Renowned tech visionary Balaji Srinivasan, former CTO of Coinbase and GP of Andreessen Horowitz, shows two charts to display the rocketing opportunities of AI large language models (LLMs) and Bitcoin ETFs. Both are in their "vertical" growth phases, he says.
Bitcoin, AI going vertical: Two charts by Balaji Srinivasan
Bitcoin (BTC), the largest cryptocurrency, is going vertical together with artificial intelligence (AI). Such statement was made by Balaji Srinivasan, a legendary investor and ent
Michael Saylor Reveals Strategic Bitcoin-Based Digital Asset Policy for US
Michael Saylor, a vocal Bitcoin evangelist and co-founder of the MicroStrategy giant, has published a post on the X social media platform, offering to readers’ attention his strategic digital asset policy that “can strengthen the U.S. dollar” and help America experience a large economic boost in the 21st century.
The document revealing details of that concept was published on Michael Saylor’s personal website.
A strategic digital asset policy can strengthen the US dollar, neutralize the nation
Dogecoin (DOGE) Jumps 12%, Data Shows More Rally Ahead
The crypto market is recovering, with assets like Dogecoin (DOGE) bouncing back from multi-month lows. The Dogecoin price hasjumped by 12.67% in 24 hours, pushing the meme coin to the $0.3379 price mark. With current on-chain data, there is more ahead for DOGE.
Dogecoin signals more uptrend
Beyond the 24-hour price gain, Dogecoin has recorded a 9.6% jump in trading volume, with more than $11.6 billion shuffled in one day. This massive volume proves there’s enough liquidity to power the meme co
Cardano (ADA) on Verge of $1 Amid 15% Price Rebound
The larger cryptocurrency market fell sharply on Friday, owing to a mix of macroeconomic factors and investor sentiment. The sell-off resulted in $1.42 billion in liquidations across various assets.
The market soon regained footing, with several cryptocurrencies showing signs of recovery over the weekend. Cardano also rebounded, with ADA's price rising by 15% and briefly hitting the $1 mark.
The Fed’s preferred inflation gauge came in lower than expected on Friday, which seemed to take some of