Bitcoin’s repeated failure to cross above $100,000 increases the risk of a drop under $90,000. Source: https://cointelegraph.com/news/price-analysis-12-27-btc-eth-xrp-bnb-sol-doge-ada-avax-link-ton?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: December 2024
Biden’s New Crypto Rule Shakes Entire Industry – Full IRS Oversight Incoming
The U.S. Treasury’s sweeping IRS rule forces crypto platforms to track and report all transactions, igniting fierce industry backlash and looming legal battles over its survival. US Treasury Expands IRS Reach – Crypto Industry Faces Full Reporting Rule The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have finalized sweeping new regulations […] Source: https://news.bitcoin.com/bidens-new-crypto-rule-shakes-entire-industry-full-irs-oversight-incoming/
Emerge’s 2024 Story of the Year: The Race to Rule AI
OpenAI’s rise to tech stardom reads like a Silicon Valley soap opera. The company that began 2024 in turmoil after Sam Altman’s dramatic return has morphed from a cautious non-profit company to an AI powerhouse worth $157 billion. With a $13 billion investment from Microsoft and a deal to power Apple iPhones, the company is on track to generate $11.6…
Report: Montenegro Agrees to Extradite Terraform Labs’ Do Kwon to the US
Montenegro has greenlit the extradition of Terraform Labs co-founder Do Kwon to the United States, possibly settling a tug-of-war between the U.S. and South Korea, according to Bloomberg. Do Kwon’s U.S. Extradition Approved Amid Fraud Charges Montenegro’s Justice Ministry made the announcement, highlighting that “most criteria envisaged by the law are in favor of the […] Source: https://news.bitcoin.com/report-montenegro-agrees-to-extradite-terraform-labs-do-kwon-to-the-us/
OpenAI mulls restructuring
The ChatGPT maker is considering turning its for-profit arm into a Delaware Public Benefit Corporation amid ongoing criticism of its legal structure. Source: https://cointelegraph.com/news/open-ai-mulls-restructuring?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Is quantum computing a threat to your crypto portfolio?
In a recent Cointelegraph video, we assessed the risk posed by quantum computing to cryptocurrency, potential solutions, and what investors should do to protect their portfolios. Source: https://cointelegraph.com/news/quantum-computing-threat-crypto-portfolio?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Montenegro Justice Minister approves Do Kwon’s extradition to US
Do Kwon was apprehended by law enforcement in Montenegro in June 2023 after attempting to flee the country with a false passport. Source: https://cointelegraph.com/news/montenegro-justice-minister-approves-do-kwon-extradition-us?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
XRP Market Update: $123 Billion Market Cap Hangs in the Balance
XRP’s price is currently chilling at $2.14, having dipped 1.1% in the last 24 hours. With a market cap of $123 billion, it ranks fourth behind tether (USDT), boasts a global trade volume of $5 billion, and has been bouncing between $2.13 and $2.23 today. XRP The daily chart reveals XRP is taking a breather […] Source: https://news.bitcoin.com/xrp-market-update-123-billion-market-cap-hangs-in-the-balance/
The Year in Dogecoin: Elon Musk’s Favorite Crypto Makes a Comeback
With crypto flying high in 2024, Dogecoin holders are determined to take their multi-million-dollar meme coin to the moon. And if recent events are any indication, the coin—often showered with attention by billionaire Elon Musk—is already part of the way there. Dogecoin has had a knockout year, from hitting a three-year-high price to becoming the namesake of a U.S. extra-governmental…
Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices…