Crypto prices crashed hard in South Korea as the local currency plunged to a record low. Bitcoin btc-0.25%Bitcoin price dropped to 88,197,000 KRW, its lowest level since October 5, before rebounding to 132,000,000 KRW. The cryptocurrency was down by almost 40% from its highest level this year. Other altcoins had a similar price action. Ethereum eth0.57%Ethereum fell to 4,210,630 KRW, its...
MARA Holdings, formerly Marathon Digital, has announced plans to acquire a wind farm in Hansford County, Texas, to power its sustainable Bitcoin mining data center. The wind farm, with 240 megawatts of interconnection capacity and 114 MW of operational wind generation, will allow MARA to create a vertically integrated operation with zero-marginal energy costs, according to a company...
Bitcoin dominance dips to 55.81%, down from its November 2024 top of 61.53%. Declining BTC dominance has paved the way for the altcoin season, with over 75% of the top 100 altcoins consistently outperforming Bitcoin. Let’s deep-dive into the top 10 altcoins for beginners to buy in December 2024. Table of Contents Why Bitcoin dominance matters...
Bitcoin dominance is in the analyst’s eyes, which indicates another cycle of the cryptocurrency market, after it is dominating for a few months. Bitcoin dominance, which measures the market capitalization of Bitcoin influence in the cryptocurrency market, has dropped to 56% or shrunk from 60% in the past month, according to the data from TradingView. Analysts also projected...
Michael Saylor promised Microsoft’s board of executives to present Bitcoin advantages for the company in just 3 minutes, and he did. Executive Chairman of MicroStrategy, Michael Saylor, presented Bitcoin strategic reserve for Microsoft (MSFT) boards on Dec. 01 as he promised earlier. He highlighted that Bitcoin is a transformation of digital capital, and they need to adopt...
Traders betting on Bitcoin’s surge to the $100,000 mark have been liquidated on the market prediction platform Polymarket. Bitcoin btc-0.43%Bitcoin rallied to an all-time high of $99,655 on Nov. 22, increasing the chances of breaking the $100,000 barrier to 91%, according to a poll on Polymarket. However, the flagship cryptocurrency soon started to face correction and even touched a local low...
Metaplanet is set to distribute Bitcoin to shareholders through a lottery system, aimed at incentivizing participation in its new initiative with SBI VC Trade. Tokyo-listed firm Metaplanet has unveiled a new shareholder benefit program, offering Bitcoin btc-0.43%Bitcoin rewards through a lottery system as part of its collaboration with SBI VC Trade, a subsidiary of SBI Holdings. In an X post on...
Michael Saylor announced a significant Bitcoin purchase by MicroStrategy shortly after pitching the cryptocurrency to Microsoft. On Dec. 2, Saylor revealed that MicroStrategy had acquired15,400 Bitcoin btc-0.43%Bitcoin for $1.5 billion, with an average purchase price of $95,976 per coin. The acquisition increased MicroStrategy’s Bitcoin holdings to approximately 402,100 BTC, valued at over $38 billion as of press time, with...
Genius Group Limited, an education and AI firm based in Singapore, has expanded its Bitcoin-focused strategy by acquiring an additional $1.8 million worth of Bitcoin. This acquisition brings the company’s total holdings to 172 Bitcoin btc-0.43%Bitcoin, valued at $15.8 million, with an average purchase price of $92,006 per Bitcoin, according to a company press release. The move follows...
Cash App is ending its Bitcoin transfer by user tags feature months after federal investigations into Block’s compliance practices, sparking concerns about the app’s ability to handle risks. Cash App, a popular mobile app known for peer-to-peer payments, investing, and crypto transactions, will end its Bitcoin btc-0.43%Bitcoin feature by late December, months after federal authorities raised concerns over...
