Author: cointechies

Software company MicroStrategy announces an extraordinary shareholder meeting to discuss acquiring more Bitcoins through increased stock sales of the company. Microstrategy has gone all-in on its appetite for Bitcoin, and the Michael Saylor-led company is constantly thinking of ways to buy more of the blue-chip asset. In the latest development, the business intelligence company’s shareholders will meet today to discuss how to buy more Bitcoin. According to the DisclosureMicroStrategy shareholders will discuss and vote on key proposals to improve Bitcoin Strategy 21/21. A key part of the meeting would be the search for an increase in the number of shares…

The price of Bitcoin (BTC) slipped below $94,000 during the Wall Street open on December 23 as traders saw little recovery. The recent downturn reinforces growing concerns about Bitcoin’s near-term performance given difficult macroeconomic conditions. Data from BNC showed a 1.2% daily decline for BTC/USD, exacerbating losses from a weekend rally that failed to sustain above $99,500. Bitcoin is now down 15% from its recent all-time high last week, leaving bulls frustrated. Source: Brave New Coin Bitcoin Liquid Index Traders are preparing for new lows The general market sentiment is cautious as many analysts now expect further downside and the…

On-chain data confirms that major Shiba Inu whales are buying the ongoing decline even as SHIB retests critical support levels. For comparison, Shiba Inu (SHIB) recently retested crucial support about $0.00002 When It fell to a floor price of $0.00002095 yesterday. However, the meme coin quickly recovered and managed an intraday gain of 4.55% and held above $0.000022. Although Shiba Inu remains in the $0.000022 range, it is still one of the assets most affected by the ongoing market decline, which fell by 16.59% in December and is now standing still To the 15th place among the largest crypto assets.…

Mercado Bitcoin, Brazil’s largest cryptocurrency exchange, has integrated INJ, the native token of the Layer 1 Injective blockchain. According to a December 23 post from Injective, INJ, the native utility and governance token of the Layer 1 Injective blockchain, is now officially integrated into the oldest Latin American exchange. The move will allow over 3 million Mercado Bitcoin customers to directly access the Injective ecosystem using fiat currencies such as the Brazilian real through the fiat-to-crypto on-ramp. This allows users to interact with Injective’s decentralized finance ecosystem, which currently has a total value of over $43 million, according to Defillama.…

Crypto derivatives platform Hyperliquid saw the largest net outflows of over $250 million after concerns emerged about possible involvement of North Korean hackers. According to Metmask security researcher Tay Monahan, hackers with ties to North Korea’s Democratic People’s Republic of Korea (DPRK) have been using the platform since October. Monahan shared her findings in a post on December 23rd This triggered a wave of uncertainty, with Hyperliquid net outflows hitting an all-time high of $502.7 million on December 23, despite inflows of over $253.5 million. Dune Analytics confirmed these numbers. In response, Hyperliquid assured users via its Discord that no…

Dogecoin recently displayed a buy signal on the daily chart, suggesting that the meme coin could be on the cusp of a parabolic rise. After showing strong momentum in November 2024 and early December 2024, the crypto market is facing challenges a strong retreat The Federal Reserve recently upended liquidity expectations for 2025 by announcing smaller interest rate cuts than previously forecast. Amid the run, leading crypto meme coin Dogecoin (DOGE) has been among the worst hit, but a key indicator now suggests some reprieve may be in sight for the asset. Could this be the start of another parabolic…

The Philippine Securities and Exchange Commission has unveiled a draft of its regulatory framework for cryptocurrencies. Stakeholders are invited to provide feedback on the draft no later than January 18, 2025. According to the recently published document, the published draft regulations are titled “SEC Rules on Crypto-Assets Service Providers (CASP Rules)”. The framework covers a range of crypto trading activities, including the requirements necessary to obtain a license issued by the SEC, market activities and public offerings. SEC Philippines emphasized the importance of establishing a regulatory framework for cryptocurrencies as the country is witnessing rapid growth in the sector. “The…

The native token (AAVE) of Aave, a leading decentralized finance (DeFi) platform, has witnessed a very strong price increase, increasing by 18.05% in a day to $379. This comes following a new proposal to integrate a new cutting-edge oracle service from Chainlink, which could help users of Aave and the broader DeFi ecosystem. The possible inclusion of Chainlink’s new oracle service, Smart Value Recapture (SVR), was recently discussed on the Aave governance forum. It is an oracle that aims to capture profits from a process called Maximum Extractable Value (MEV) to help DeFi protocols. This involves restructuring and front-running transactions,…

Chris Pavlovski, the CEO of Rumble, a YouTube rival, hints at the possibility of a new Bitcoin tipping feature for content creators after the Tether partnership. In a tweet on Monday, Pavlovski suggested that users may soon be able to tip their favorite creators who use Bitcoin and the stablecoin USDT. “Imagine being able to tip your favorite creators directly on Rumble with USDT or BTC.” He wrote. Notably, this proposal comes following Rumble’s significant collaboration with the largest stablecoin issuer Tether. Rumble CEO on X Rumble’s $775 million alliance with Tether Last week, Tether purchased 103.3 million Rumble shares…

MicroStrategy’s relentless Bitcoin acquisition streak continued last week, albeit at a slower pace, as the company reported its smallest BTC purchase since July 2024. The company Bitcoin giant According to a December 23 announcement, the company acquired 5,262 BTC between December 16 and December 22, spending a total of $561 million. This latest shipment was purchased at a staggering average price of $106,662 per Bitcoin, the highest price the company has ever paid per BTC. MicroStrategy’s BTC holdings are rising As of December 22, MicroStrategy’s Bitcoin holdings have grown to 444,262 BTC, a total value of $27.7 billion, with an…