Articles for author: Market News

December 24, 2024

Is Bitcoin’s Future Trend Uncertain with $14 Billion in Options at Stake? Insights into Market Moves and Predictions.

As the year closes, Bitcoin faces significant volatility after peaking above $108,000 but recently dropping below $92,500. This comes amid the expiration of $14 billion in Bitcoin options, raising concerns about potential Market fluctuations. Over the past week, Bitcoin fell about 13%, along with notable declines in Ethereum, Solana, and Dogecoin. Although cryptocurrency funds still ...

December 24, 2024

Market News

Crypto

AGM Holdings Launches Major Bitcoin and AI Data Center Joint Venture to Enhance Mining Operations and Expand Cryptocurrency Capabilities

AGM Group Holdings Inc., a technology company focused on high-performance hardware and computing, recently shared insights from its CEO, Dr. Bo Zhu, about the company’s growth plans in the cryptocurrency sector. Since joining AGM in 2021, Dr. Zhu has led significant partnerships, including a collaboration with Shenzhen Highsharp for ASIC chip development and securing major ...

December 24, 2024

Market News

Crypto

North Korean Hackers Steal $308 Million in Bitcoin from DMM Cryptocurrency Firm: A Major Cyber Heist Unveiled

On December 24, 2024, authorities from Japan and the U.S. revealed that North Korean cyber actors were responsible for the $308 million cryptocurrency heist from DMM Bitcoin in May 2024. This operation, linked to a group known as TraderTraitor, involved sophisticated social engineering tactics targeting multiple employees at once. The attackers used manipulated recruitment approaches ...

December 24, 2024

Market News

Crypto

HIVE Expands NVIDIA GPU Cluster Investment to Power AI Growth with $30 Million in Quebec Deployments

HIVE Digital Technologies Ltd., a leader in sustainable blockchain infrastructure, has announced a significant investment of $30 million for new supercomputing clusters in Quebec, Canada. This includes 248 NVIDIA H100 GPUs, fully operational by the end of 2024, and 508 NVIDIA H200 GPUs arriving in early 2025. HIVE aims to tap into the growing demand ...

December 24, 2024

Market News

Crypto

Is a Year-End Alt Rally Coming? Discover Bitcoin’s Buying Opportunity at $90,000 Today!

Recent analysis indicates that a decline in Bitcoin prices by the year’s end could spark an altcoin rally. A virtual asset management firm, QCP Capital, highlighted that $20 billion in Bitcoin and Ethereum options will expire soon, contributing to increased volatility in Bitcoin. As it struggles to break past the $100,000 mark, the potential for ...

December 24, 2024

Market News

Crypto

Bitcoin’s Year-End Alt Rally: Seize the $90,000 Buying Opportunity Before Prices Surge

A recent analysis hints that as Bitcoin prices decline towards the end of the year, it could spark a rally in altcoins. A significant expiration of $20 billion worth of Bitcoin and Ethereum options is expected this Friday, which is raising Bitcoin’s volatility. While Bitcoin struggles below $100,000, there may be a shift of investment ...

December 24, 2024

Market News

Crypto

BTC/USD Signal Update for December 24: Profit-Taking Pattern and Market Insights Explained

On December 24, 2024, Bitcoin’s price continues to decline, dropping to a critical support level of $92,600 as the anticipated Santa Claus rally fails to materialize. Traders are considering both bearish and bullish strategies; selling BTC/USD with a target of $90,000 or buying with a target of $97,000, accompanied by respective stop-loss levels. Despite good ...

December 24, 2024

Market News

Crypto

Why Cryptocurrency Will Never Replace Real Money: Unveiling Hidden Truths in the Digital Currency Debate

Donald Trump’s recent election win has ignited excitement in the cryptocurrency Market, with promises of making the U.S. a leader in digital currencies. This has led to a brief surge in crypto prices, but it highlights ongoing concerns about the volatility and the lack of regulation surrounding these assets. While some believe cryptocurrencies could replace ...

December 24, 2024

Market News

Crypto

Why Cryptocurrency Will Never Replace Real Money: Unveiling the Untold Truths Behind Digital Currency Limitations

Donald Trump’s recent victory has stirred excitement in the cryptocurrency Market, with his pledge to make the U.S. a leader in digital currencies. This optimism has led to temporary price surges, but significant volatility raises concerns about the stability and regulatory status of cryptocurrencies. Many investors see digital assets as possible alternatives to traditional money, ...

December 24, 2024

Market News

Crypto

North Korean Hacker Group Linked to DMM Bitcoin Asset Theft: What You Need to Know

A hacker group linked to North Korea, called TraderTraitor, stole approximately 48.2 billion yen, or about $307 million, from the Tokyo-based cryptocurrency exchange DMM Bitcoin Co. in May. Japanese police, along with the U.S. Department of Defense and FBI, identified the group and traced the stolen bitcoin to them. An investigation revealed that a DMM ...