Bitcoin reserves on Binance have fallen under 570,000 BTC, the lowest level since January. Will history repeat itself? Bitcoin reserves on Binance, the world’s largest crypto exchange by trading volume, have dropped to levels not seen since January 2024, just two months before Bitcoin’s price skyrocketed 90% in March. If Bitcoin follows the same pattern…
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SBI VC Trade has sealed a deal with DMM Bitcoin to receive the hacked exchange’s assets, with DMM customers expected to transition to SBI in March. Japanese crypto-focused finance firm SBI VC Trade has finalized a deal to receive the assets of the hacked crypto exchange DMM Bitcoin, with the exchange’s customers to have accounts…
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The Japanese Prime Minister said it is “difficult for the government to express its views” on implementing a Bitcoin strategic reserve. The Prime Minister of Japan says his government currently lacks enough information about the United States and other countries’ plans for a Bitcoin strategic reserve to determine whether Japan should implement one. According to…
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Ethereum’s relative strength to Bitcoin may climb in January, which an analyst says might trigger an Ethereum “altcoin run.” Ether is showing signs of breaking out relative to Bitcoin in January 2025, according to a crypto analyst. TradingView shows Ether’s relative strength to Bitcoin — the ETH/BTC ratio — is currently at 0.0356. MN Capital founder Michael…
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Memecoin interest in 2024 was largely directed toward Solana-based tokens, followed by those on Coinbase’s blockchain Base, according to a CoinGecko study. Memecoins took the top spot for mindshare in the crypto space this year with almost a third of investor interest focused on the highly speculative tokens, a CoinGecko study found. “The most popular…
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BlackRock’s Bitcoin ETF saw a record outflow on Christmas Eve amid a four-trading day outflow streak from US Bitcoin funds. BlackRock’s Bitcoin exchange-traded fund (ETF) saw its largest-ever single-day outflow as Bitcoin funds notched a fourth straight trading day of outflows totaling more than $1.5 billion. BlackRock’s iShares Bitcoin Trust ETF (IBIT) hit $188.7 million…
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The post-quantum era is still “several decades away,” but it could be a net positive for the Bitcoin network’s security. Advancements in quantum computing have the potential to strengthen the Bitcoin network in the coming decades, even though there are widespread concerns about the technology’s ability to compromise cryptographic encryption. Industry insiders have previously voiced…
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Bitcoin could see another week of correction before it manages to recover above $100,000, based on historical chart patterns. Social sentiment around Bitcoin has hit its lowest point in 2024, which could signal an incoming recovery above the $100,000 mark for the world’s largest cryptocurrency. Bitcoin’s price is currently down over 10% from its all-time…
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XRP could crash 15-20% in December due to bearish technical conditions and signs of growing distribution by whales. XRP has dropped by over 25% three weeks after hitting $2.90, its highest level since January 2018, and was trading for as low as $2.13 on Dec. 23. Profit-taking due at XRP’s overbought levels and the Federal Reserve’s hawkish…
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Pudgy Penguins, LilPudgys, Azuki and Doodles topped last week’s charts as the best-performing collections. Ethereum-based non-fungible token (NFT) collections surged last week, driving the overall digital collectible weekly sales volumes to $304 million. On Dec. 21, data tracker CryptoSlam reported that Ethereum NFTs experienced a 76% week-on-week increase, reaching $201 million in sales volume. This…
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