With Bitcoin briefly surpassing $100,000 and the S&P 500 posting its best year since 2019, Bank of America’s strategist warns of a potential market overshoot. U.S. stocks and cryptocurrencies are showing signs of overheating, with Bank of America Corp.’s Michael Hartnett warning of a potential “overshoot” in early 2025, Bloomberg reports. The S&P 500’s price-to-book ratio surged to 5.3 times...
WikiLeaks Founder Julian Assange and supporters plan to mint 76,911 Afghan war log files into Bitcoin inscriptions on the Ordinals through Project Spartacus. The collection of documents spanning six years of recounts from the Afghan war titled “Afghan War Diary 2004-2010” is currently available on the WikiLeaks site. The documents released in July 2010, consists of over...
Australia has established a task force to crack down on cryptocurrency ATM providers that do not comply with the nation’s anti-money laundering laws. The Australian Transaction Reports and Analysis Centre has issued a warning for crypto ATM operators via a Dec. 6 statement, noting that non-compliance with anti-money laundering laws will result in enforcement actions and penalties. Coin...
Placeholder partner Chris Burniske urges a cautious approach, advises balancing optimism with realism to avoid overhyping targets this cycle. Chris Burniske, former analyst at ARK Invest and current partner at Placeholder, a venture capital firm that invests in decentralized networks, has cautioned crypto investors against overhyping market targets as bullish sentiment grows. In a Dec. 6 post on X, Burniske reflected...
U.S. spot Bitcoin exchange-traded funds recorded $7.1 billion in trading volume on Dec. 5, marking a 50% surge from the previous day, as Bitcoin’s price dropped below $100,000. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded net inflows of $766.66 million on Dec. 5, extending their six-day streak to a total of over $2.7 billion. BlackRock’s...
Bitcoin shrank under the $100,000 psychological level after hitting a new all-time high yesterday; the Bitcoin market was liquidated to more than half of a billion dollars just in a day. The crypto market, at the time of writing, has seen massive market liquidations of up to $565 million on Bitcoin btc1.77%Bitcoin alone, as the coin reached a...
The UK government was founded by the blockchain analytics platform that held billions of dollars in Bitcoin in the past few years. Arkham Intelligence, on the on-chain analytics data on Dec. 06, has found the wallet that is connected to the UK government that holds 61.245k Bitcoin btc1.77%Bitcoin worth $6 billion. This wallet has also gained profit from the Bitcoin...
KYIV (Reuters) - Ukraine showed off a new locally-produced "rocket-drone" on Friday which it said could fly 700 km (430 miles) - more than twice the longest range attributed to missiles supplied by Western allies. The unmanned craft, called "Peklo" - which means hell in Ukrainian - is the second such "rocket drone" unveiled by Kyiv...
ALOR SETAR: An angler who was reported missing after falling into the sea while crossing the Kuala Chenang water-breaker wooden bridge in Langkawi last night was found dead this evening. Langkawi district police chief ACP Shariman Ashari said the body of Che Yassin Che Ngah, 43, from Kampung Perana, Ulu Melaka here was found at 6.10pm...
BANGKOK: A Chinese national was arrested on Thursday (Dec 5) night after crashing his Toyota Alphard into several cars, killing one and injuring four others, on Thepprasit Road in South Pattaya. A 30-year-old Thai driver, identified as Saphaprom Wongmak, was found dead at the scene, police said, citing CCTV footage showing his black sedan being hit...
