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Bitcoin Price Crash: Social Media Sentiment As a Predictor
Bitcoin experienced a significant crash, wiping out the gains made during the Christmas rally. The drop from nearly $100,000 to around $95,000 in just one day may have been influenced by social media sentiment. Analytics firm Santiment highlighted the importance of 'Social Dominance,' which tracks the percentage of social media discussions related to top cryptocurrencies. Posts about price targets like $90,000, $100,000, and $110,000 reflected varying sentiments - bearish, neutral, and bullish r
Analyzing Cardano's Market Trends
Cardano (ADA) has experienced a gradual price decline since early December, hitting a monthly low of $0.86. This downward trend has left ADA investors anticipating a challenging start to the new year. Despite this, market indicators point towards a potential buying opportunity for those with a long-term perspective. Cardano's MVRV ratio suggests a potential buy opportunity, currently falling within the -13% to -26% range, historically seen as an accumulation zone for ADA. Buying Cardano at these
Record Bitcoin Options Expiry Marks End of 2024
The market is concluding 2024 with the largest Bitcoin options expiry ever, totaling $18 billion in Bitcoin and Ethereum contracts. This event signals potential excitement and surprises for traders and investors. The Bitcoin options expiry includes 88,537 contracts, four times more than the previous week, while Ethereum options total 796,021, 4.5 times higher than before. The expiring Bitcoin options are valued at a record $14.38 billion, with Ethereum options at $3.7 billion. The increasing val
Emergence of Wall Street Pepe Amid Chill Guy Controversies
Wall Street Pepe ($WEPE) is gaining traction as Chill Guy (CHILLGUY) faces legal issues and price drops. Investors are drawn to WEPE's $36.3M presale and potential 100x returns. CHILLGUY, a Solana meme coin, is embroiled in plagiarism allegations, causing a 16% price dip. The mascot's resemblance to RELAXBOY sparked debates on social media. Philip Banks' legal warnings further impacted CHILLGUY's market cap, now at $173.58M. In contrast, WEPE's utility-focused approach attracted $36.3M in presal
Investing Early in WallitIQ (WLTQ): the Next Big Opportunity
In 2021, a savvy investor transformed $8,000 into an impressive $560 million by backing Shiba Inu early. Now known as the 'Shiba Inu millionaire,' this crypto expert is eyeing another promising altcoin: WallitIQ (WLTQ), priced at $0.0243. The Shiba Inu millionaire's interest in WallitIQ (WLTQ) stems from its disruptive technology and potential to revolutionize the $55 billion crypto wallet and AI market. With over 88% of the presale already claimed, WallitIQ (WLTQ) is gaining attention in the cr
Innovative Bitcoin Bond ETF By Strive Asset Management
Strive Asset Management, led by Vivek Ramaswamy, has filed with US regulators to launch a unique exchange-traded fund (ETF) focused on 'Bitcoin Bonds.' The Strive Bitcoin Bond ETF will invest in convertible bonds issued by companies like MicroStrategy, known for their significant Bitcoin investments. The fund will be actively managed, utilizing financial instruments like swaps and options to gain exposure to Bitcoin Bonds. This move comes amidst a trend of corporations investing in Bitcoin, with
Rexas Finance: a Threat to Shiba Inu Dominance
Rexas Finance, a $0.150 utility-rich cryptocurrency, is challenging Shiba Inu's dominance in the memecoin market. Unlike Shiba Inu, Rexas Finance focuses on real-world asset tokenization and actual use cases, attracting institutional interest with features like Token Builder and Launchpad. Founded in September 2024, Rexas Finance offers a platform for users to tokenize real-life assets on the blockchain, democratizing access to essential markets. With a one-billion-token supply, Rexas Finance's
Political Donations and Pardons: the Case of Sam Bankman-Fried
BeInCrypto previously highlighted concerns surrounding Sam Bankman-Fried potentially receiving an early release through a presidential pardon. Influential figures like Elon Musk have hinted at this possibility. Bankman-Fried, the former FTX founder, donated $5.2 million to pro-Biden super PACs in 2020, making him a significant Democratic donor. There is a historical trend of political donors receiving favorable treatment in terms of convictions and pardons. Given this, there is speculation about
Rising Crypto Scams in France Prompt Crackdown By Authorities
The surge of cryptocurrency in France has led to an increase in financial scams, prompting authorities to take action to protect consumers. The Paris Public Prosecutor’s Office, along with regulatory bodies like the AMF and ACPR, are alarmed by the rise in fraudulent schemes involving fake crypto investments. Reports show that victims of false savings accounts lost an average of €69,000, while false loans resulted in average losses of €19,000. Crypto-asset scams have also seen a significant rise
Innovative Slot Game Wukong Launched By BC.GAME
NICOSIA, Cyprus, December 26th, 2024 - BC.GAME has introduced its newest slot game, Wukong, inspired by the popular AAA game Black Myth: Wukong. Launched on December 24, this 6-reel, 5-row slot game allows players to accompany Wukong on his epic adventure, with the potential to win up to 10,000 times their wager. Featuring iconic symbols from Black Myth: Wukong like Wukong’s Ruyi staff and treasure pearls, the game immerses players in a mythical realm. Gamers can utilize cryptocurrency for seaml
Investing in Bitcoin: Expert Advice
Bitcoin (BTCUSD) has experienced significant growth this year, surpassing $100,000, with projections of further increases in the coming year. Despite this, financial advisors urge caution when considering investing in cryptocurrency, recommending only a small portion of one's portfolio be allocated to it. The Federal Reserve's indication of fewer rate cuts next year caused a temporary dip in bitcoin prices, but they have still more than doubled in value. Asset manager Blackrock suggests a 1%-2%
South Korea Imposes Sanctions on North Korean Cyber Criminals
South Korea has imposed sanctions on 15 North Korean individuals and one organization for their involvement in cryptocurrency and cyber theft activities to fund North Korea's nuclear program. The Ministry of Foreign Affairs announced these sanctions on December 26, targeting operatives engaged in obtaining foreign currency for the North Korean Munitions Industry Department and nuclear missile programs. Notably, the Lazarus Group, among other North Korean hackers, has been implicated in major cyb
Revolutionizing the Crypto Landscape
In the fast-paced realm of cryptocurrency, timing is crucial for maximizing investment returns. Discover how emerging projects utilizing cutting-edge technologies like VR, AI, and blockchain scalability are reshaping the market. 5thScape, a VR-powered metaverse project, is gaining traction with its innovative features and strong community support. With a successful presale and promising roadmap, early investors are poised for significant gains. Additionally, explore other new crypto coins with t
Enhancing Security in Russian CBDC With New Regulations
The Bank of Russia has approved new regulations allowing banks to block digital ruble transactions for up to two days in case of fraud, starting on February 23, 2025. This move aims to strengthen defense against scams in the emerging Russian CBDC environment. Under the new rules, banks must inform customers of potential fraud within 24 hours of a digital ruble transaction. If no response is received, the funds will be held in the customer's electronic wallet. This measure aligns with conventiona
Potential Cryptocurrency Surge With Trump's Second Term
The cryptocurrency market could experience a surge with Donald Trump's return for a second term. Under Republican leadership, there is a trend towards a business-friendly approach and deregulation, which may lead to increased adoption of digital assets. Tokens like Rexas Finance (RXS), Bonk, TRON, Dogecoin, and Hedera are expected to benefit from this shift. Rexas Finance aims to tokenize real-world assets like real estate and precious metals, offering utility in a Trump-led administration. With
The Impact of Meme Coins: a Heartwarming Story of MIRA
Meme coins have become a popular trend in the 2024 crypto market, offering investors profit opportunities. However, they can also serve a greater purpose, as seen in the case of MIRA. Siqi Chen, founder of Runway, shared his daughter Mira's battle with a brain tumor, leading to the creation of a meme coin on Solana named MIRA. The community rallied behind the cause, raising over $14 million for brain tumor research. Siqi pledged to donate all proceeds and daily sold 1% of his holdings. Despite f
Thailand's Crypto Progress and Bitcoin Tourism Proposal
In 2024, Thailand saw advancements in the crypto sector with the introduction of the Digital Asset Regulatory Sandbox. Former Prime Minister Thaksin Shinawatra suggested utilizing Bitcoin for tourism payments, highlighting his support for cryptocurrencies. Despite the potential benefits, the Bank of Thailand currently prohibits using Bitcoin for transactions, with digital assets regulated by the Securities and Exchange Commission. Thaksin emphasized the importance of embracing crypto trends for
Montenegro Court Rejects Do Kwon's Extradition Appeal
Montenegro's Constitutional Court has denied an appeal by Do Kwon, co-founder of Terraform Labs, against his extradition. The unanimous decision removes a key legal obstacle in the extradition process, citing flaws in Kwon's appeal and upholding a previous ruling supporting extradition. The case now awaits a decision from Montenegro's justice minister on whether Kwon will be extradited to South Korea or the US. Reports suggest a higher chance of extradition to the US due to the justice ministry'
Market Analysis: Slow Day for Crypto Market With Bitget Token (BGB) Setting New All-Time High
Today, the crypto market, including the total market cap (TOTAL) and Bitcoin, is experiencing a relatively stagnant day with minimal movement in the last 24 hours. Despite this, Bitget Token (BGB) has managed to continue its upward trend and reach a new all-time high. The total crypto market cap has seen a slight decrease of 0.31% to $3.35 trillion, indicating market stability as investors monitor for potential changes. Maintaining support above $3.28 trillion is crucial for market recovery, whi
Security Breach At Animoca Brands: Fake Token Promotion
Animoca Brands’ co-founder and executive chairman, Yat Siu, fell victim to a hack on his X account promoting a fake token called ANIMOCA. The official X account of Animoca Brands confirmed the incident and warned investors to avoid Yat Siu’s account. The hacker managed to compromise Yat Siu’s account and falsely announced a token launch by Animoca Brands. The price of the fake token skyrocketed by 500% in just five minutes before plummeting when the post was deleted. Yat Siu addressed the breach