Calls for altseason are a little quieter as Bitcoin dominance recovered after surging past $100,000 for the first time in history. Source: https://cointelegraph.com/news/bitcoin-dominance-bounces-back-after-104-k-all-time-high?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: December 2024
Bitcoin is ‘memetic’ and won’t stay down around $100K for long: Analyst
A crypto analyst predicts that Bitcoin won’t linger long around the $100,000 level now that the “psychological” barrier has been broken, as the moment will gain widespread attention. Source: https://cointelegraph.com/news/bitcoin-price-100k-memetic-will-not-consolidate-long-crypto-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Hawk Tuah memecoin dumps 90% amid backlash over controversial launch
Haliey Welch’s memecoin “HAWK” has plunged 90% since launch, though Welch has denied any insider sales from herself or her team. Source: https://cointelegraph.com/news/hawk-tuah-memecoin-dumps-90-percent-outrage-token-launch-insider?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Australian Fortlake Asset Management Taps Chainlink, Backed, and Sonic for Inaugural Fund Tokenization
The three crypto firms are gearing up to tokenize Fortlake’s Sigma Opportunities Fund. Chainlink, Backed, and Sonic To Collaborate With Australian Fortlake for Fund Tokenization Australian investment firm Fortlake Asset Management is seeking to enter the digital asset space by recruiting three crypto firms – Chainlink, Backed, and Sonic (formerly Fantom) – to tokenize its […] Source: https://news.bitcoin.com/australian-fortlake-asset-management-taps-chainlink-backed-and-sonic-for-inaugural-fund-tokenization/
BIT Mining saw 3X profits mining DOGE, LTC instead of just Bitcoin
BIT Mining attributed its widened profit margins from DOGE and LTC to specialized LD3 mining machines it acquired from Bee Computing in 2021. Source: https://cointelegraph.com/news/bit-mining-dogecoin-litecoin-boosted-mining-profitability?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin hits $100K: Why BTC price hit a new all-time high
Bitcoin has set a new all-time high of $104,000 on Coinbase, setting the cryptocurrency loose into price discovery — so where is it heading next? Source: https://cointelegraph.com/news/bitcoin-hits-100k-btc-price-hit-a-new-all-time-high?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Cryptocurrency Pioneer Bitcoin Taps $100,000
Bitcoin (BTC), the first and leading cryptocurrency, has crossed the $100,000 threshold, marking a pivotal moment in its 15-year history. From Pennies to $100,000: Bitcoin’s Remarkable Evolution Since its inception in 2009, bitcoin has seen dramatic price fluctuations and a steady rise in adoption. Initially traded for less than a penny, bitcoin’s value journey has […] Source: https://news.bitcoin.com/cryptocurrency-pioneer-bitcoin-taps-100000/
Mt. Gox moves $2.4B in Bitcoin as BTC surged past $100K
Long-bankrupt crypto exchange Mt. Gox moved over 24,000 Bitcoin to an unknown address after the cryptocurrency struck above $100,000. Source: https://cointelegraph.com/news/mt-gox-moves-30k-bitcoin-after-hits-100k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Miner Foundry Cuts Jobs, Focuses on Core Business
Foundry, a leading bitcoin mining company, has laid off nearly a third of its workforce as part of a broader restructuring effort. Foundry Spins off AI Arm, Cuts Jobs Bitcoin miner Foundry has laid off nearly a third (27%) of its employees, with more than half of those affected based in the U.S. According to […] Source: https://news.bitcoin.com/bitcoin-miner-foundry-cuts-jobs-focuses-on-core-business/
Hut 8 to raise up to $500M to buy Bitcoin as a strategic reserve asset
Hut 8 stock surged almost 8% following the announcement of the stock repurchase program. Source: https://cointelegraph.com/news/hut-8-raise-500-million-buy-bitcoin-strategic-reserve-asset?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound