Articles for category: Crypto

Market News

Bitcoin Flash Crash to $90,200 Triggers $885 Million in Liquidations: Market Reaction Explained

Bitcoin experienced a significant dip on December 5, 2024, after reaching an all-time high of $103,679. The cryptocurrency fell back to around $90,300 during a day of high volatility and was trading at $95,500 when reported. The abrupt price changes led to liquidations totaling approximately $885.61 million, affecting nearly 203,000 traders worldwide. Bitcoin accounted for ...

Market News

Hawk Tuah Girl’s Crypto Coin Launches and Crashes Within Hours: What Went Wrong? Insights and Analysis.

Haliey “Hawk Tuah Girl” Welch, a viral influencer and podcast host, has faced backlash after her new cryptocurrency, Hawkcoin, launched and subsequently crashed within hours. Initially valued at $490 million, the coin’s worth plummeted nearly 95%, drawing accusations of a pump and dump scheme. Welch denied these allegations, attributing the crash to “snipers,” or investors ...

Market News

Investors Unstake $500M in SOL as Bitcoin Surpasses $100K: Analyzing Market Trends and Reactions

Solana’s recent price action shows it has settled around $245, down 9% from its all-time high of $264 last week. Over the past week, investors have unstaked 2.2 million SOL, suggesting a trend of profit-taking among key stakeholders. This coincides with Bitcoin’s surge past $100,000, which typically boosts altcoin markets, including Solana. However, the buying ...

Market News

DKbitex: Dubai’s Premier Advanced Cryptocurrency Exchange for Secure and Efficient Trading Solutions

DKbitex, based in Dubai, is leading the way in the Middle East’s cryptocurrency sector as the first advanced exchange in the region. It aims to transform how communities access and invest in digital assets, providing a safe, user-friendly trading platform. As the crypto Market experiences a resurgence, driven by rising Bitcoin prices, DKbitex is positioned ...

Market News

Chinese App Giant Sells All Bitcoin Holdings Ahead of Anticipated $100,000 Milestone: What It Means for Investors

Chinese tech company Meitu recently sold all its cryptocurrency holdings, which included 940 Bitcoin and 31,000 Ethereum, for a total of $180 million. This decision came just before Bitcoin’s price soared to over $100,000. The company plans to distribute 80% of the profits from this sale as a special dividend to its shareholders. Initially, Meitu ...

Market News

Bitcoin vs Gold: Which Investment Will Outperform in 2025?

As we approach 2025, investors face a choice between gold and Bitcoin, two prominent assets in today’s Market. Gold has long been viewed as a stable, safe option, especially during economic uncertainty, thanks to its limited supply and historical reliability. In contrast, Bitcoin presents high growth potential, driven by increased adoption and decentralized finance, but ...

Market News

Spokane City Council Urges State Protection for Cryptocurrency Users Amid Growing Digital Currency Concerns

In 2023, Washington faced a surge in cryptocurrency scams, prompting the Spokane City Council to support new state laws aimed at protecting users of virtual currency kiosks. These changes would restrict withdrawal limits and regulate fees to combat fraud, as cryptocurrency is not insured and difficult to recover when lost. Additionally, Spokane’s code enforcement team ...

Market News

DroidBot Malware Targeting 77 Banks and Cryptocurrency Exchanges: Protect Your Assets Now!

DroidBot is an advanced Android Remote Access Trojan (RAT) that targets 77 organizations, including major banks and cryptocurrency exchanges. Discovered in late October 2024, its activities date back to June 2024, spreading in countries like the UK, Italy, and Spain. DroidBot is designed to steal sensitive information through keylogging and monitoring, using unique features like ...

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