Day: December 16, 2024

Bitcoin Hits $106K: Analysts Target $125K

Bitcoin (BTC) reached a fresh milestone today, briefly exceeding $106,000 and setting a new record before settling near $104,738. Market optimism, fueled by seasonal trends, U.S. policy expectations, and institutional investments, continues to drive BTC’s upward momentum. Traders now anticipate BTC could climb further, with a key target set at $120,000 in the short term. […]

Kraken Fined $5.1M in Australia for Unauthorized Margin Lending

Australian financial regulators have fined cryptocurrency exchange Kraken $5.1 million AUD for operating an unauthorized margin lending service that affected over 1,100 Australian customers. The penalty, imposed by the Australian Federal Court, follows findings that Kraken’s operator, Bit Trade, violated financial regulations by offering its “margin extension” product without proper regulatory approval since October 2021. […]

Luke Gromen: Bitcoin Could Become a US Reserve Asset

Renowned macroeconomic expert Luke Gromen believes the United States must seriously consider Bitcoin (BTC) as a neutral reserve asset to address growing national security and economic challenges. In a recent interview with Bitcoin advocate Robert Breedlove, Gromen argues that the US is at a critical juncture following a perceived defeat in Ukraine by Russia, which […]

Justin Sun Eyes 53K ETH Buy

Justin Sun, founder of Tron, has reignited speculation in the cryptocurrency market with his recent plan to acquire approximately 53,000 ETH. The move comes at a critical moment, as Ethereum flirts with the $4,000 mark, experiencing a 2% surge in the last 24 hours. Notably, Sun’s planned accumulation follows a recent sell-off of 29,920 ETH […]

MacOS Stealer Trojan Goes Open-Source

The cryptocurrency community faces an escalating security threat after the MacOS Stealer Trojan, a malware capable of stealing sensitive data, became open-source. Previously sold for 1 BTC, the decision to release the malware’s code publicly has significantly amplified its potential impact. This development gives malicious actors easy access to advanced attack tools, increasing the likelihood […]

Whale Activity Boosts Cardano and Dogecoin

Last week, significant whale activity in the cryptocurrency market drew attention as major investors aggressively purchased Cardano (ADA) and Dogecoin (DOGE). Analyst Ali Martinez revealed on social media platform X that whales accumulated a staggering $150 million worth of ADA and DOGE within just 48 hours. At the time of writing, ADA is trading at […]