Month: December 2024

Political uncertainty surrounding South Korean President Yoon Suk Yeol has spurred heated activity on prediction market Polymarket on Wednesday. What Happened: Data from the prediction market shows a 37% probability of Yoon being impeached before the end of 2024. Another Polymarket question gives a 29% chance of Yoon being...

At the Benzinga Future of Digital Assets event, a panel featuring industry heavyweights explored two essential themes shaping the future of digital currencies: the impact of regulation and the ongoing challenge of educating investors. Moderated by Erik LaPaglia, the discussion brought together experts from BlackRock, Grayscale Investments, FTSE Russell,...

On Monday, Foundry, the world’s largest Bitcoin mining pool, announced a significant reduction in its workforce, laying off approximately 60% of its staff. This decision, confirmed by a report from Blockspace, affects both US and international staff, reducing the company’s headcount from over 250 to around 80-90 employees. Foundry...

Many memecoiners thought retail investors would fall head over heels for memes, but they appear to be more interested in “dino coins” like XRP and TRX....

Hyperliquid (CRYPTO: HYPE) is soaring on bullish sentiment on Wednesday, gaining 274% in just a week, as traders and developers praise its innovative model and transformative community impact. In the last week of November, a crypto trader earned $800,000 worth of Hype via an airdrop, highlighting the potential rewards for early...

Bitcoin‘s (CRYPTO: BTC) fiery resurgence, rallying over 38% in the past month, has lit a spark under cryptocurrency miners Riot Platforms Inc (NASDAQ:RIOT) and Marathon Digital Holdings Inc (NASDAQ:MARA). Both stocks have achieved a Golden Cross — a technical milestone where the 50-day moving average surpasses the 200-day moving...

Ethereum gained more than BTC and SOL this month, but it’s still dramatically underperforming. Here’s why that may turn around in 2025....

TeraWulf Inc (NASDAQ:WULF) shares are trading higher Wednesday. The company announced a production and operations update for November. Here’s what you need to know. What To Know: TeraWulf said it mined 115 Bitcoin (CRYPTO: BTC) in November, with an average daily production rate of approximately 3.8 bitcoin. The company...

Alexander Mashinsky, the former CEO of the now-bankrupt cryptocurrency lender Celsius, has pleaded guilty to two counts of fraud, facing a potential maximum sentence of 30 years in prison.  This development comes in the wake of multiple charges filed by the US Department of Justice (DOJ), which originally accused...

Russian President Vladimir Putin firmly asserted that Bitcoin (CRYPTO: BTC) and digital assets are unstoppable, describing them as essential tools for reducing costs and enhancing financial reliability. What Happened: Speaking at the Investment Forum in Moscow on Dec. 4, Putin stated, “Who can ban Bitcoin? Nobody. And, who can...