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
London, UK, Dec. 16, 2024 (GLOBE NEWSWIRE) — Oh Whale, an eco-conscious crypto project using blockchain technology to make a real-world impact, has announced that the presale for its $OHW token is imminent. The announcement comes at the end of a su
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
Bitcoin, the leading cryptocurrency, reached a new record high of $106,533 at 00:39 UTC on the Bitstamp exchange.The flagship cryptocurrency has since given up some gains, currently changing hands at $104,543.So far, it has added 8.4% during this Nov
Asia-Pacific markets slipped on Monday, reversing earlier gains as investors weighed key economic data from China and anticipated major central bank decisions, including those from the Bank of Japan (BOJ) and the People’s Bank of China (PBOC), later
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
Bitcoin set a fresh record above $106,000 earlier Monday, with traders now targeting the $120,000 level as the asset moves into the second half of a seasonally bullish December.Recent catalysts that have supported growth in BTC include increased spe
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
David Schwartz, chief technology officer at San Francisco-based blockchain firm Ripple, has cautioned the XRP community that there might be supply shortages of the new RLUSD stablecoin. This comes after Xamax, a popular XRP wallet, started showing XR