The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more.
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4 more virtual asset trading platforms licensed in Hong Kong
The Hong Kong Securities and Futures Commission (SFC) has more than doubled the ranks of approved virtual asset trading platforms (VATPs) with the addition of four firms. A rigorous licensing process Accumulus GBA Technology (Hongkong), DFX Labs, Hong Kong Digital Asset EX and Thousand Whales Technology (BVI) received licenses on Dec. 18. They joined HashKey,…
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Hashkey Group launches Ethereum layer-2 ‘Hashkey Chain mainnet’
HashKey Chain, a public blockchain developed by Hong Kong-based HashKey Group, officially launched its Ethereum layer-2 mainnet on Dec. 18. The mainnet launch follows a month-long successful testnet period during which more than 860,000 wallet addresses were registered, a reported 24.72 million transactions were recorded, and over 300,000 community members participated. Hashkey Group announced the…
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Why is Bitcoin price down today?
Bitcoin’s (BTC) price has dropped 4.75% a day after establishing its record high of around $108,365, and was trading for around $104,175 on Dec. 18. The decline appears ahead of the United States Federal Reserve’s key interest rate decision, suggesting most Bitcoin traders are de-risking ahead of the event. BTC/USD four-hour price chart. Source: TradingView…
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Why is Ethereum (ETH) price down today?
Ether (ETH) price has declined 6.35% from its Monday high of $4,109 this week after the altcoin formed a bearish engulfing pattern on the daily chart. This is ETH’s third rejection at $4,000 in 2024, a level proving to be a strong weekly resistance during the past two attempts earlier this year. Ethereum 1-week chart.…
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Pudgy Penguins’ PENGU token down more than 50% after launch
Pudgy Penguins’ native token, PENGU, is down more than 50% in the first hours of trading after the non-fungible token (NFT) project’s much-anticipated Dec. 17 airdrop. The project has distributed approximately half of PENGU’s total supply of nearly 89 billion tokens to community members, with around 26% earmarked for NFT holders, according to Pudgy Penguins’…
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Ohio lawmaker introduces Bitcoin reserve bill allowing state to buy BTC
An Ohio House of Representatives lawmaker has introduced a bill to establish a Bitcoin fund in the state’s treasury, marking the third US state to do so in just over a month. Ohio House Republicans leader Derek Merrin on Dec. 17 introduced HB 703, tentatively titled the Ohio Bitcoin Reserve Act, which would give the…
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Pudgy Penguins’ PENGU token down more than 50% after launch
Pudgy Penguins’ native token, PENGU, is down more than 50% in the first hours of trading after the non-fungible token (NFT) project’s much-anticipated Dec. 17 airdrop. The project has distributed approximately half of PENGU’s total supply of nearly 89 billion tokens to community members, with around 26% earmarked for NFT holders, according to Pudgy Penguins’…
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Pudgy Penguins’ PENGU token down more than 50% after launch
Pudgy Penguins’ native token, PENGU, is down more than 50% in the first hours of trading after the non-fungible token (NFT) project’s much-anticipated Dec. 17 airdrop. The project has distributed approximately half of PENGU’s total supply of nearly 89 billion tokens to community members, with around 26% earmarked for NFT holders, according to Pudgy Penguins’…
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Bitcoin $108K all-time high lasts seconds as BTC price dives 2.4%
Bitcoin (BTC) hit flash volatility after the Dec. 17 Wall Street open as new all-time highs preceded a snap downturn. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin erases open interest with red candle Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD reaching its highest-ever levels before diving over $2,000 in minutes. The retracement sent the…
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104 whale wallets now hold 57% of all Ether in bullish sign: Santiment
Ethereum whale wallet holdings have reached their highest level ever, accounting for about 57% of all Ether in existence, according to onchain analytics platform Santiment. In a Dec. 16 post to X, the platform said that 104 whale wallets holding more than 100,000 Ether (ETH) each, collectively hold about $333 billion. Wallets holding between 10…
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Why is XRP price up today?
XRP (XRP) price is up today, rising by nearly 4.5% over the last 24 hours to reclaim the $2.50 level amid investor excitement over the official launch of Ripple’s RLUSD stablecoin. XRP/USD daily chart. Source: Cointelegraph/TradingView Let’s take a closer look at the factors behind XRP’s momentum today. XRP price boosted by RLUSD stablecoin launch…
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Mt. Gox transfers $172M Bitcoin to new wallets as BTC hovers near $107K
Mt. Gox, a long-bankrupt crypto exchange, transferred about $172.5 million worth of Bitcoin to an unknown wallet less than 24 hours after the cryptocurrency hit a new high of almost $108,000. Arkham Intelligence shows the exchange moved 1,619.6 Bitcoin (BTC) to two untagged addresses on Dec. 17, split between a 1427.9 BTC and a 191.7…
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‘Major implications’ for gaming tokens as CyberKongz hit with SEC Wells notice
Gaming tokens could be in for a setback after non-fungible token (NFT) platform CyberKongz was hit with a Wells notice by the United States securities regulator. The Securities and Exchange Commission (SEC) brought up the “concerning rhetoric” that an ERC-20 token in tandem with a blockchain game cannot be issued without it first being registered…
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Ether.Fi pitches buybacks for ETHFI stakers
Decentralized finance (DeFi) protocol Ether.Fi has proposed allocating a portion of protocol revenues to buy back native ETHFI tokens and distribute them to stakers, according to a post in Ether.Fi’s community governance forum. Ether.Fi has proposed “allocating 5% of protocol revenue to buy ETHFI and distribute it to ETHFI stakers as a reward” in a…
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SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX
Bitcoin (BTC) continued its northward journey on Dec. 16, signaling continued demand from the bulls. Material Indicators co-founder Keith Alan said in a post on X that historically, Bitcoin makes “MACRO moves” at or around Dec. 17. He expects a rate cut by the Federal Reserve to boost Bitcoin’s prices higher but added that he…
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El Salvador grants Bitget license for Bitcoin services
Crypto exchange Bitget is now authorized to offer Bitcoin-related services in El Salvador. According to a Dec. 16 announcement, Bitget secured a Bitcoin Service Provider (BSP) license from El Salvador’s central reserve bank. The authorization will allow Bitget to offer a range of services tied to Bitcoin (BTC), including fiat currency exchanges, payment services, and…
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Arizona man allegedly posed as Uber driver to steal $300K in crypto: Report
A man posing as an Uber driver in Scottsdale, Arizona, was reportedly arrested after allegedly stealing a combined $300,000 of crypto from two unsuspecting passengers. According to a Dec. 12 report from Fox10 Phoenix, the Scottsdale Police Department alleged that Nuruhussein Hussein lured victims waiting outside the W Hotel in Scottsdale in March and again…
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Bitcoin to gold ratio posts new record as BTC sets new high
The Bitcoin to gold ratio, one of the key metrics offering the purchasing power of Bitcoin relative to gold, has hit a new all-time high (ATH) as the BTC price breaks new records. Veteran futures forex trader Peter Brandt took to X on Dec. 16 to report that the Bitcoin (BTC) to gold ratio has…
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ETH, LINK, AAVE and BGB move higher as Bitcoin inches toward new all-time high
Bitcoin (BTC) recovered sharply from the weekly lows and is charging toward the all-time high of $104,088. VanEck expects the cryptocurrency bull market to hit its first peak in the first quarter of 2025. After that, the asset manager anticipates a 30% pullback in Bitcoin and a sharper retracement of up to 60% in altcoins.…
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OpenSea Cayman Islands registration fuels token airdrop rumors
Non-fungible token (NFT) marketplace OpenSea has sparked speculation of an impending token launch and user airdrop following its registration in the Cayman Islands. The news was shared on Dec. 14 by Waleswoosh, a pseudonymous researcher from the Azuki NFT collection, who posted a screenshot of OpenSea’s Cayman Islands registration. NFT community members have since speculated…