Author: John Smith
Metaplanet Inc. has declared that it issued its 5th Series of Ordinary Bonds via private placement with EVO FUND for ¥5 billion to buy more Bitcoin. In a notice released on Dec. 20, today, the company has announced the issuance of its 5th Series of Ordinary Bonds for raising approximately $31.91 million through EVO FUND. This news closely follows the company’s previously disclosed intent to issue up to ¥5 billion in ordinary bonds. The proceeds from this issuance will be allocated towards purchasing Bitcoin (BTC), as detailed in the company’s Nov. 28, 2024, announcement concerning the issuance of the 12th…
Bitcoin price has nosedived and entered a technical correction a few days after it surged to a record high. Bitcoin (BTC), which started the week by surging to a record high of $108,250, has erased most of the gains made this month. It has dropped by 13% from the year-to-date high, entering a local correction. Here are four reasons Bitcoin prices are likely to bounce back and retest the all-time high. Bitcoin price corrections are not new The first main reason why the price of BTC will rebound is that the ongoing pullback, which we predicted, is not new. Bitcoin…
Dogecoin price has nosedived as a wave of selling intensified in the crypto industry following the highly hawkish Fed decision. Dogecoin (DOGE) has dropped for five consecutive days, reaching its lowest level since Nov. 11. It has plummeted by almost 45% from its monthly high, entering a deep bear market. Dogecoin’s crash is linked to rising fear in the crypto industry, leading to panic selling among investors. Crypto remains highly volatile, as most participants are retail investors with short investment horizons. DOGE’s decline suggests the coin has entered the markdown phase of the Wyckoff Method, following weeks in the distribution…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Chainlink activity stirs curiosity, but all eyes turn to DOGEN as it surges 5,000%, poised to dominate the meme token market with bold growth and luxury rewards. A major crypto holder has transferred over half a million LINK tokens, stirring curiosity about potential market impact. Meanwhile, a lesser-known token has stunned the community with explosive gains of 5,000%, drawing attention away from more established players. The unfolding dynamics hint at significant shifts in market sentiment and priorities. DOGEN pumps…
Quantum BioPharma Ltd., a Nasdaq-listed biotech and medical research company, has purchased $1 million in Bitcoin and other cryptocurrencies as part of a strategic move approved by its board of directors. The company plans to allow future financings and transactions in cryptocurrency, signaling confidence in the evolving crypto market. The company disclosed that the cryptocurrency assets are held with a compliant custodian to ensure adherence to financial and audit regulations. Its leadership believes the investment aligns with the growing legitimacy of digital assets and the potential for shareholder returns. Zeeshan Saeed, CEO of Quantum BioPharma, cited advancements in Bitcoin’s (BTC)…
Fartcoin, the Solana meme coin getting massive traction amid new market buzz around AI agents, has seen its token’s price explode as Binance Futures announces listing. The Fartcoin (FARTCOIN) token rocketed to a market capitalization of $1 billion earlier in the day as fresh upside momentum helped cryptocurrencies stem the latest price downturn. The milestone on Dec. 20 came as the meme coin’s price spiked to new all-time high of $1.30. Gains in the past week stood at over 50%, while the parabolic performance seen over the past month meant FARTCOIN trended more than 370% up. Notably, the meme coin’s…
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. DTX Exchange, under $0.50, is poised for a 4x surge, drawing comparisons to ADA and XRP. With how fast the crypto market changes, it is important for investors to figure out what the next big gem will be before it takes off. Currently sitting at under $0.50, DTX Exchange (DTX) is seen as the next potential crypto coin to follow Cardano (ADA) and Ripple (XRP) in its…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. PEPE’s 1,800% surge in 2024 sparks top 10 speculation, but LCAI’s utility steals focus. PEPE’s incredible 1,800% growth in 2024 has reignited interest in meme coins, sparking speculation that it could achieve a Top 10 ranking by 2025. While the surge showcases the power of community-driven momentum, many investors are shifting focus to tokens with real-world utility, like Lightchain AI (LCAI). Currently in its presale phase, Lightchain AI is already making waves with its AI-integrated blockchain technology. Analysts are…
The U.S. Department of Justice has charged Rostislav Panev, a dual Russian and Israeli national, for his alleged involvement with the LockBit ransomware group. Panev, 51, is accused of working as a developer for the group, earning over $230,000 in cryptocurrency for his contributions. Arrested in Israel in August, Panev is currently awaiting extradition to the United States to face charges. LockBit is a notorious ransomware group known for targeting known for targeting entities worldwide, including major corporations like Boeing, financial institutions such as the Industrial & Commercial Bank of China, and government services like the UK’s Royal Mail, according…
Tether, the company behind the $140 billion stablecoin USDT, is planning to expand into artificial intelligence by early 2025. Tether CEO Paolo Ardoino posted on X that the (USDT) issuer is targeting the first quarter of next year to launch its AI platform, marking a move to diversify its business focus beyond U.S. dollar-pegged stablecoins. Just got the draft of the site for Tether’s AI platform.Coming soon, targeting end Q1 2025.🪿🤜🤛 (goosebumps)— Paolo Ardoino 🤖🍐 (@paoloardoino) December 20, 2024 USDT has been Tether’s primary revenue generator since its inception. However, Ardoino’s vision for the company now extends into other sectors…