Are Bitcoin Investors Holding Tight?

Bitcoin’s been on a rollercoaster lately, and things are looking pretty uncertain. After hitting a record high, it’s been steadily dropping, leaving many wondering if it’ll ever climb back up. A Shift in Strategy: HODLing On But here’s an interesting twist: the number of Bitcoins being sent to exchanges has plummeted. We’re talking record lows…

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Big Banks Rake in Record Profits

America’s biggest banks are having a phenomenal year, grabbing a bigger share of the banking industry’s profits than they have in almost a decade. Profit Powerhouse JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo – the top four – made a combined $88 billion in the first nine months of the year. That’s a…

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Crypto Token Soars Despite Market Dip

A cryptocurrency exchange token is bucking the recent market trend, surging almost 30%. Bitget Token’s Big Jump The Bitget Token (BGB) is currently trading at $7.37, a 28% increase in the last 24 hours and over 70% in the past week. This significant rise comes on the heels of an announcement that Bitget plans to…

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South Korea Sanctions North Korean Hackers Funding Weapons Program

South Korea just slapped sanctions on 15 North Koreans accused of using cybercrime to fund their country’s weapons program. The Ministry of Foreign Affairs named the individuals, all allegedly working overseas, primarily in China, Russia, Southeast Asia, and Africa. These individuals reportedly disguise their identities to work for IT companies, stealing information and launching cyberattacks….

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Bitcoin Whales: Predicting the Market?

Analyst James Van Straten says that the activity of big Bitcoin investors (“whales”) on the Bitfinex exchange is a pretty good predictor of Bitcoin’s price movements. What the Whales Are Doing Van Straten looked at the number of long Bitcoin positions (bets that the price will go up) on Bitfinex over the past few years….

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Bitcoin’s X-Factor: Soaring Popularity in 2024

Bitcoin’s popularity exploded on X (formerly Twitter) in 2024. Over 140 million tweets mentioned Bitcoin—a 65% year-over-year increase! This shows a huge surge in interest. What Fueled the Bitcoin Buzz? Several big events drove this Bitcoin boom: Spot Bitcoin ETFs Approved: The US Securities and Exchange Commission (SEC) finally approved spot Bitcoin exchange-traded funds (ETFs)…

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