The Bitcoin to gold ratio, one of the key metrics measuring the purchasing power of Bitcoin relative to gold, hit a new all-time high (ATH) as the BTC price broke new records.Veteran futures forex trader Peter Brandt took to X on Dec. 16 to report th
Key takeawaysCryptocurrencies like Bitcoin gain value from factors like scarcity, utility and security, not physical backing.Common methods to calculate intrinsic worth of a cryptocurrency include Metcalfe’s Law, cost of production and discounted uti
The total crypto market capitalization is up 3.2% over the last 24 hours to rest at $3.71 trillion on Dec. 16. The overall trading volume has also jumped 27% on the day to $162 billion, reinforcing the intensity of demand-side pressure.Bitcoin , the
Cryptocurrency investors have not halted their purchasing spree as Bitcoin set new highs and crypto investment products hit their 10th consecutive week of inflows.Digital asset investment products saw another $3.2 billion of inflows in the trading we
Michael Saylor, the orchestrator of MicroStrategy’s Bitcoin investment strategy, hinted that it bought more Bitcoin over the weekend, which would mark the firm’s first acquisition with an average purchase price of more than $100,000.In a Dec. 15 post
Ripple’s chief technology officer, David Schwartz, said there may be “supply shortages” in the early days of Ripple’s US dollar-pegged stablecoin, but warned investors not to “FOMO.” In a Dec. 15 post to X, Schwartz said he expects outsized volatilit
A man posing as an Uber driver in Scottsdale, Arizona, was reportedly arrested after allegedly stealing a combined $300,000 of crypto from two unsuspecting passengers.According to a Dec. 12 report from Fox10 Phoenix, the Scottsdale Police Department
Australia’s government will be developing a National AI Capability Plan to investigate how it can expand the country’s artificial intelligence industry amid calls for Australia to boost its competitiveness in the fast-growing industry. In a Dec. 16 s
More than $21 billion has been withdrawn from the Grayscale Bitcoin Trust (GBTC) since its launch on Jan. 11, 2024, making it the only spot Bitcoin exchange-traded fund (ETF) in the United States with a negative net investment flow.As of Dec. 16, GBT
Today in crypto, Bitcoin hit a new all-time high of $106,554 amid speculation that Bitcoin could be designated a reserve asset as early as “day one” of Trump’s presidency. Axelar co-founder Georgios Vlachos, the RLUSD stablecoin will increase demand
Update (Dec. 16 at 12:40 am UTC): This article has been updated to include comments from Satoshi Action Fund CEO Dennis Porter, US Federal Reserve interest rate cut predictions and Bitcoin’s price rise to $106,000.Update (Dec. 16 at 3:07 am UTC UTC):
A man posing as an Uber driver in Scottsdale, Arizona, has reportedly been arrested after allegedly stealing a combined $300,000 of crypto from two unsuspecting passengers.According to a Dec. 12 report from Fox10 Phoenix, the Scottsdale Police Depart
Donald Trump’s crypto project, World Liberty Financial, has been on a massive crypto buying spree in December — now nearing a total spend of $45 million after buying $250,000 of Ondo (ONDO). Since Nov. 30, a World Liberty wallet has purchased $30 mil
Update (Dec. 16 at 12:40 am UTC: This article has been updated to include comments from Satoshi Action Fund CEO Dennis Porter, US Federal Reserve interest rate cut predictions and Bitcoin’s price rise to $106,000.Bitcoin’s price rallied nearly 5% in
Michael Saylor, the orchestrator of MicroStrategy’s Bitcoin investment strategy, hinted it bought more Bitcoin over the weekend — marking the firm’s first acquisition with an average purchase price of over $100,000.In a Dec. 15 post to X, Saylor aske
Ripple’s chief technology officer, David Schwartz, says there could be potential “supply shortages” in the early days of Ripple’s US Dollar-pegged stablecoin but is warning investors not to “FOMO.” In a Dec. 15 post to X, Schwartz said he expects out
Today in crypto, Axelar co-founder Georgios Vlachos, the RLUSD stablecoin will increase demand for XRP, Ethereum liquid restaking protocols saw their total value locked (TVL) increase by almost 6,000% in 2024 as demand for staked asset utility grew s
Update (Dec. 15, 2024 19:15:09 UTC): This article has been updated to add that Axelar is the canonical bridge connecting XRPL to the XRPL EVM Chain and 69 other blockchains.XRP experienced a historic rally in November 2024 due to political tailwinds
Bitcoin recovered sharply from the weekly lows and is charging toward the all-time high of $104,088. VanEck expects the cryptocurrency bull market to hit its first peak in the first quarter of 2025. After that, the asset manager anticipates a 30% pu
OpenAI co-founder Ilya Sutskever recently gave a lecture at the Neural Information Processing Systems (NeurIPS) 2024 conference in Vancouver, Canada arguing that the age of artificial intelligence pre-training is ending and forecasted the rise of an