PRESS RELEASE. Singapore, December 30, 2024 – LBank, a leading global cryptocurrency exchange, has released its 2024 Annual Report, showcasing a year of extraordinary achievements across various domains, including leap growth, product innovation, global branding, and compliance. In 2024, LBank reached remarkable new heights in growth. The platform achieved over 15 million registered users worldwide, […]
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Microstrategy Buys 2,138 BTC: Saylor’s Billion-Dollar Bet Shows No Signs of Slowing
On Monday, while bitcoin (BTC) prices hovered between $92,850 and $93,150 over the last hour, Microstrategy founder Michael Saylor took to X to share that his firm snagged 2,138 BTC for $209 million at $97,837 each. Since 2020, Microstrategy has steadily accumulated bitcoin, making it the largest publicly traded company (excluding ETFs) to hold BTC […]
Read MoreMeme Tokens Dominate: 9 of 2024’s Top 10 Crypto Gainers Are All About the Laughs
As 2024 winds down, the crypto economy has flourished, growing by an impressive $1.62 trillion in value over the year. Interestingly, nine of the top ten gainers for the year turned out to be meme tokens, with only one utility token breaking into the elite group. Meme Coins Take the Crown The crypto sector expanded […]
Read MoreBitgo CEO Highlights Shift Toward Bitcoin Among Companies
Mike Belshe, CEO of Bitgo, a cryptocurrency services provider, has highlighted the growing interest among companies in adopting bitcoin as part of their reserve portfolios. Belshe remarked that the shift to a more favorable administration and the existence of ETFs have driven this change. Bitgo CEO Remarks on Change of Stance Regarding Bitcoin in the […]
Read MoreBitcoin Market Cap to Reach 20% of Gold’s: Galaxy Research
Galaxy Research predicts a bullish year for Bitcoin in 2025, projecting prices to surpass $150,000 and potentially reach $185,000 in Q4. Bitcoin Market Cap to Reach 20% of Gold’s Galaxy Research, an arm of the digital asset management firm Galaxy, projects bitcoin (BTC) to surpass $150,000 in the first half of 2025 and may even […]
Read MoreLatam Insights: El Salvador’s Bitcoin Christmas Buying Spree, Argentina’s Tether Freeze
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition of Latam Insights, El Salvador continues buying bitcoin despite IMF’s requirements, the Argentine justice system orders freezing USDT for the first time, and a Brazilian congresswoman warns about the dangers […]
Read MoreRussia’s Biggest Bank Joins Digital Ruble Push – New Era of Transactions Begins
Russia’s largest bank, Sberbank, has joined the expanding digital ruble pilot, signaling stronger momentum as the country advances its central bank digital currency initiative. Russia Expands Digital Ruble Pilot with Key Banking Giants Sberbank, Tbank, and Tochka Bank have officially joined Russia’s digital ruble pilot program, the Central Bank of Russia has revealed through its […]
Read MoreEl Salvador Showcases Bitcoin Success in Key Meeting With Chinese Ambassador
El Salvador’s vice president highlighted bitcoin’s role in economic growth during a meeting with China’s ambassador, emphasizing Chinese cooperation in advancing digital infrastructure projects. El Salvador Spotlights Bitcoin Wealth in Discussions With Chinese Delegation El Salvador’s Vice President Félix Ulloa highlighted the country’s bitcoin success in a meeting with Chinese Ambassador Zhang Yanhui, the Office […]
Read MoreFrom Election Excitement to Post-Election Doldrums: December on Polymarket
According to data, Polymarket experienced its busiest month ever in November, driven largely by the U.S. Presidential Election. However, December’s activity has cooled off, with trading volumes falling below not only November’s peak but also October’s numbers. Additionally, open interest has sharply declined, dropping from nearly $500 million to a current total of $117 million. […]
Read MoreToday’s PoW Mining Marvels: Scrypt Takes the Throne as 2024’s Top Algorithm
During the opening week of the year, the Kheavyhash algorithm—used for mining kaspa (KAS)—topped the profitability charts among proof-of-work (PoW) algorithms. Fast forward to today, and Scrypt has claimed the crown as the most lucrative choice for miners, particularly those extracting dogecoin (DOGE) and litecoin (LTC). Mining Algorithms Push Limits in a Historic Year As […]
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