Author: cointechies

Artificial intelligence and cryptocurrency emerged as dominant forces driving tech market gains in 2024. The Nasdaq rose 33%, with other US indices also posting double-digit growth, driven by advances in AI and a surge in crypto markets following Donald Trump’s election victory. The five best-performing U.S. technology companies this year include AppLovin, MicroStrategy, Palantir, Robinhood and Nvidia. These companies demonstrated exceptional growth, outperforming their peers and attracting investor attention. AppLovin reportedly started the year with a market cap of around $13 billion, known for its investments in mobile gaming studios that developed popular games like “Woody Block Puzzle,” “Clockmaker” and…

Bitget has unveiled a major update to its BGB token, with plans for ongoing quarterly buybacks and deletions. Cryptocurrency exchange Bitget has announced updates to its Bitget Token (BGB) whitepaper, introducing new changes to its tokenomics. According to an announcement on Friday, Bitget will burn 800 million BGB tokens held by the core team, representing 40% of the total token supply. This burn will reduce the total BGB supply to 1.2 billion tokens, with 100% of the remaining tokens in circulation. Bitget plans to release on-chain records of the burn, the press release said. Amid this news, BGB’s price rose…

Equity fund manager Grant Cardone expresses support for President-elect Donald Trump’s proposal to establish a Bitcoin reserve for the United States. Cardone, who runs Cardone Capital, a firm that manages around $4.5 billion in assets, believes the Bitcoin reserve initiative could solidify the country’s global financial leadership. Cardone supports Trump’s Bitcoin reserve plan In a recent post on X, Cardone drew a parallel between Trump’s Bitcoin strategy and President John F. Kennedy’s ambitious space program in the 1960s. Donald Trump will propose adding BTC to our balance sheet “in a big way.” The United States is in a global race…

The Montenegrin Constitutional Court has rejected Terraform Labs co-founder Do Kwon’s appeal against his extradition. The court’s unanimous ruling removed an important legal obstacle and paved the way for a final decision by the country’s Justice Minister Bojan Božović. Kwon’s legal team had argued that an earlier Supreme Court decision giving the justice minister the power to extradite him violated procedural justice and his right to a fair trial. However, Montenegro’s Supreme Court found these arguments unfounded, nullifying its last line of defense. Source: X There is a lot at stake. Both the United States and South Korea are pushing…

The voting period for the inclusion of BlackRock’s USD Institutional Digital Liquidity Fund as reserve assets for Frax Finance’s new stablecoin, Frax USD, runs from December 27th to January 1st, 2025. Decentralized finance protocol Frax (FRAX) Finance is preparing to launch its new stablecoin frxUSD. But first the protocol must determine whether the USD Institutional Digital Liquidity Fund should be adopted by Blackrock or BUIDL as a reserve asset. To make this decision, Frax Finance has presented a proposal that presents the features, benefits, and background necessary to understand BUIDL and its function as an on-chain backing asset for Frax…

Jupiter, the largest decentralized exchange (DEX) aggregator on Solana, will distribute 700 million JUP tokens in a massive airdrop in January 2025, valued at approximately $590 million. This event, called “Jupuary,” is part of Jupiter’s strategy to grow its community and reward contributors. June 2025 🪐Here is the first overview of the upcoming Jupuary distribution.The team decided to split between Users & Stakers and Carrots & Good Cats. This is our way of trying to recognize everyone in the Jupiverse! Note: This is a draft, subject to change 💡 pic.twitter.com/mbGNy3QxSe— Jupiter Uplink (@jup_uplink) December 26, 2024 The distribution benefits users,…

Bitcoin price remains in bearish volatility and briefly returns to the $95,000 support level today. Will this lead to a drop to $92,000? Amid the recent Bitcoin decline, the crypto market experienced a massive burst of liquidations, totaling $230.30 million. Traders with long positions lost $180.89 million. Will BTC price remain trapped in a downward spiral after facing rejection at $100,000 or is a bullish reversal possible? Bitcoin price analysis As BTC price fell below the $96,500 support level, the market cap fell to $1.9 trillion. After a 1.7% decline in the last 24 hours, 30-day returns have fallen to…

Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. Bitcoin’s rise to over $100,000 is sparking interest in undervalued altcoins such as XYZverse, ADA, XLM, IOTA and SHIB, each of which will see significant growth in 2025. As Bitcoin crosses the $100,000 mark, there is a lot of excitement in the cryptocurrency market. Altcoins are hitting new all-time highs and interest in lesser-known digital assets is growing. The beginning of 2025 presents a unique opportunity to discover undervalued coins that could offer significant gains. Everyone is asking themselves…

A recent interaction between a user and ChatGPT went viral, demonstrating the chatbot’s surprising ability to deliver a funny and unexpected comeback. The incident has sparked discussions about the rapid advances in AI and the impact of its increasing sophistication. The user shared the conversation on Twitter and many people were surprised and shocked at the chatbot’s ability to respond sarcastically. In the conversation, user @kimmonismus asked the AI ​​to choose a number between 1 and 50. ChatGPT promptly replied with the number “20”. In a playful attempt to test the chatbot, the user jokingly replied, “I will not communicate…

Ben Armstrong (BitBoy) highlights an important price level for XRP that could trigger the next major bull market for the digital asset. XRP hovers around $2.23. However, market participants who locked in at the height of the excitement earlier this month are still facing a 21% loss from the seven-year high of $2.87. Nevertheless, current predictions from prominent voices in the crypto community suggest that the token could be on the verge of a significant breakthrough. Conditions to Hold Before XRP Rises to $4.5 In a tweet, Ben Armstrong, a well-known crypto influencer, emphasized the importance of XRP closing daily…