Russia Cracks Down on Crypto Mining: A Six-Year Ban

Russia is taking a firm stance against cryptocurrency mining in several key regions. Starting January 1st, 2025, a six-year ban will be in effect, impacting a significant portion of the country’s mining operations. The Ban: Who’s Affected? Ten regions will face the full six-year ban, lasting until March 15th, 2031. These include: Dagestan Ingushetia Kabardino-Balkaria…

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Big Players Control a Big Chunk of Bitcoin

A significant portion of all known Bitcoin is now held by a few key players. According to CryptoQuant CEO Ki Young Ju, exchange-traded funds (ETFs), governments, and MicroStrategy (MSTR) together own about 31% of all known Bitcoin. A Massive Increase in Institutional Holdings This represents a huge jump – a 14% increase since December 2023….

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Crypto Expert Predicts Year-End Rally

Raoul Pal, a well-known figure in the finance world, is predicting a strong rally in the crypto market before the end of 2024. A Santa Claus Rally for Crypto? Pal, formerly of Goldman Sachs, thinks Bitcoin and other cryptos could see significant gains in the last half of December, mirroring the traditional “Santa Claus rally”…

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Bitcoin Could Crash: Analyst Predicts a Sharp Drop

A popular crypto analyst is warning that Bitcoin (BTC) could take a significant dive. Ali Martinez, who boasts over 100,000 followers on X (formerly Twitter), says a key support level could trigger a major price drop. Bitcoin’s Potential Plunge Martinez uses a model called Unspent Transaction Output (UTXO) Realized Price Distribution (URPD) to identify key…

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Bitcoin’s Next Big Move: A $150,000 Target?

A crypto analyst, TradingShot, predicts Bitcoin could surge to $150,000. They base this prediction on Fibonacci levels and the current phase of the Bitcoin bull cycle. Bitcoin’s Bull Run: Phase 3 TradingShot believes Bitcoin is in phase 3 of its bull cycle. This phase, according to their analysis, should see Bitcoin hit the $150,000 mark,…

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Nokia’s Secret Weapon: A New Crypto Encryption Patent

Nokia, the Finnish phone giant, is diving headfirst into the world of cryptocurrency with a brand-new encryption patent. This isn’t your grandpa’s Nokia; they’re tackling a major problem in the crypto space: security. Keeping Your Crypto Safe The patent, filed with the Chinese Intellectual Property Administration in June 2024, details a clever system for encrypting…

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Big Money Still Loves Crypto

Despite a recent market slump, big institutional investors are still pouring money into crypto. Last week alone, they invested a whopping $308 million into digital assets. Institutional Inflows Outweigh Outflows While there were some significant outflows ($1 billion in the last two days of the week), these only represent a tiny fraction (0.37%) of the…

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Ethereum and Altcoins Poised for Big Gains?

A popular crypto analyst, Jason Pizzino, predicts a significant price increase for Ethereum and other altcoins. He’s basing this prediction on Ethereum’s current price pattern, which he says mirrors a similar pattern seen in December 2020. A Look at the ETH/BTC Chart Pizzino, who boasts a large YouTube following, points to the Ethereum/Bitcoin (ETH/BTC) trading…

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