Articles for author: Market News

December 26, 2024

Russian Companies Turn to Bitcoin as Sanctions Increase, Reports Reveal Growing Trends in Cryptocurrency Adoption

Russian companies are turning to Bitcoin and other cryptocurrencies for international payments due to Western sanctions. With Chinese banks significantly reducing their transaction support for Russia over concerns about access to U.S. financial markets, the use of digital currencies has become increasingly important. Russian Finance Minister Anton Siluanov confirmed that domestically mined Bitcoin is being ...

December 26, 2024

Market News

Crypto

Russian Companies Turn to Bitcoin as Sanctions Bite, Reports Reuters: A Growing Trend in Digital Currency Adoption

Russian companies are increasingly turning to Bitcoin and other digital currencies for international payments due to Western sanctions. Chinese banks, once key players in Russian trade, have drastically reduced transaction support, fearing repercussions in U.S. financial markets. Reports indicate that by mid-2024, up to 80% of Russian payments in yuan were either rejected or returned. ...

December 26, 2024

Market News

Crypto

Bitcoin Prices Stabilize as Traders Adjust Santa Rally Expectations Ahead of the Festive Season

Bitcoin prices are holding steady around $98,000, with no sign of a typical year-end rally. Interestingly, since Election Day, Bitcoin has seen an impressive 43% increase, adding nearly $600 billion to its Market cap. Despite this surge, the broader cryptocurrency Market has dipped about 1%, valuing at $3.4 trillion. Ethereum is trading lower at approximately ...

December 26, 2024

Market News

Crypto

Koreans Embrace Cryptocurrencies Amid Trump-Inspired Crypto Surge: Trends, Insights, and Investment Opportunities

The cryptocurrency investment wave in South Korea has seen a significant milestone, with over 15 million residents now involved, which is about 30% of the population. This surge is attributed to the optimism surrounding US President-elect Donald Trump’s commitment to enhancing the crypto Market. According to the Bank of Korea, the number of retail crypto ...

December 26, 2024

Market News

Crypto

International Energy Firm to Launch Dogecoin Mining: Strategic Plans for Cryptocurrency Utilization Revealed

VivoPower, a global battery technology and electric vehicle services company, is venturing into cryptocurrency by mining dogecoin using renewable energy. Its subsidiary, Caret Digital, plans to start operations in early 2025 at facilities in Wisconsin and Oregon, utilizing 1,000 Antminer L9 machines. The company expects to generate up to $25 million in annual revenue, with ...

December 26, 2024

Market News

Crypto

MicroStrategy Plunges Post-Nasdaq 100 Inclusion: Is Its Bitcoin Investment Strategy Under Threat?

MicroStrategy’s stock has dropped over 8.5% following its inclusion in the Nasdaq 100, struggling with a significant loss amid a turbulent Market. The company recently sold $561 million in stock to buy more Bitcoin, bringing its total to 444,262 BTC. Critics are raising concerns as the latest purchase is its smallest yet and priced above ...

December 26, 2024

Market News

Crypto

Russian Companies Embrace Bitcoin for Foreign Trade, States Finance Minister in New Report on Cryptocurrency Adoption

Russia’s Finance Minister has announced that many Russian companies are now using Bitcoin for foreign trade to bypass Western sanctions. To support this, the government has recently implemented laws legalizing Bitcoin mining and other cryptocurrencies. Finance Minister Anton Siluanov noted that Bitcoin transactions are already happening and should expand next year. President Putin has also ...

December 25, 2024

Market News

Crypto

Top Cryptocurrency to Invest in Now Before a 1,500% Surge, According to Cathie Wood’s Insights

Cathie Wood, a well-known growth investor, has high hopes for Bitcoin, predicting it could reach between $1 million and $1.5 million by 2030. In a recent Bloomberg interview, she highlighted that institutional investors are starting to take Bitcoin seriously, thanks to new financial tools like spot Bitcoin ETFs. With over 94% of Bitcoin already mined, ...

December 25, 2024

Market News

Crypto

Top Cryptocurrency to Invest in Now for 1,500% Gains, Insights from Cathie Wood’s Predictions

Cathie Wood, a leading figure in growth investing, remains bullish on Bitcoin, projecting its price could reach between $1 million and $1.5 million by 2030. In a recent Bloomberg TV interview, she emphasized the increasing likelihood of these targets being met, noting that institutional investors are beginning to recognize Bitcoin’s value, especially with new developments ...

December 25, 2024

Market News

Crypto

Top Cryptocurrency to Buy Now for a Potential 1,500% Surge, Insights from Cathie Wood

Cathie Wood, a prominent figure in growth investing, is optimistic about Bitcoin’s future. In a recent Bloomberg TV interview, she projected that Bitcoin could reach between $1 million to $1.5 million by 2030. Wood emphasized that institutional investors are starting to take digital assets seriously, especially with the launch of spot Bitcoin exchange-traded funds in ...