Author: CryptoHoppers

Key Takeaways Mt. Gox moved over 2,300 BTC to an unidentified wallet, marking another significant transfer this month. The transfers coincide with the Bitcoin price hitting $100,000, amid potential Federal Reserve policy changes. Share this article A wallet linked to the defunct crypto exchange Mt. Gox moved 2,324 Bitcoin worth $234 million to an unidentified wallet early Thursday, according to data from Arkham Intelligence. The latest transfer took place amid Bitcoin’s rally above $100,000, driven by anticipated Fed rate cuts after the latest inflation report.The transfer followed Wednesday’s movement of 2,623 Bitcoin, valued at approximately $255 million, from Mt. Gox-labeled…

Journalist Posted: December 11, 2024 Nations explore Bitcoin reserves, with China and Russia signaling potential strategic adoption. Scaramucci predicted that Bitcoin’s price could reach $176,000 amid rising demand and limited supply. Discussions about a Bitcoin [BTC] reserve is gaining momentum among nations, with re-elected U.S. President Donald Trump pledging the idea of establishing such a reserve in the United States. The notion has since captured global attention, with major players like Russia and China reportedly exploring similar possibilities. Scaramucci on China re-considering Bitcoin Adding to the narrative, Anthony Scaramucci recently suggested that China might re-enter Bitcoin mining and integrate Bitcoin…

Key Takeaways Caroline Crenshaw is criticized for her stance against crypto and spot Bitcoin ETFs. The SEC faces leadership changes amid internal disagreements on crypto regulation. Share this article The Senate Banking, Housing and Urban Affairs Committee is set to decide on the reappointment of Caroline Crenshaw as SEC commissioner tomorrow. Crenshaw’s renomination, however, faces intense opposition from the crypto industry due to her perceived anti-crypto stance.The Digital Chamber, an American advocacy group focused on promoting blockchain technology and digital asset industry, has publicly urged the Senate Banking Committee to reject the nomination of SEC Commissioner Caroline Crenshaw for a…

A widely-followed analyst known for applying the stock-to-flow model (S2F) to Bitcoin is unveiling his price target for BTC this month. In a new interview with trader Scott Melker, pseudonymous analyst PlanB says that Bitcoin could surge to as high as $150,000 in December, a more than 53% gain from its current value. “It’s almost scary that it is happening again. It seems programmed: three years of boring bear markets and then one year of FOMO (fear of missing out) and face-melting bull action. And it’s like that in all the past cycles. So if history is any guide, we’re…

The financial world has witnessed transformative moments over the centuries: the advent of central banking in the 1600s created modern monetary systems, and the introduction of derivatives in the 1970s opened up new avenues for risk management and financial growth. Today, another such innovation is unfolding—on-chain lending, which has the potential to disrupt traditional finance at its core. Visionaries like Balaji Srinivasan have already recognized its significance, dubbing it the “killer blockchain app” with transformative implications.On-Chain Lending as a Killer AppBalaji Srinivasan, a leading tech entrepreneur, recently amplified the importance of on-chain lending by calling it the most significant financial…

Key Takeaways Ava Labs co-founder highlighted the vulnerability of early Bitcoin holdings to quantum computing attacks. Current quantum computing capabilities do not yet pose a threat to Bitcoin’s security. Share this article Google’s new quantum computing chip Willow has sparked fresh concerns about Bitcoin’s security. As quantum computing advances, it could become powerful enough to crack the encryption of coins held by Satoshi Nakamoto, according to Ava Labs co-founder Emin Gün Sirer.Sirer warned that early Bitcoin holdings stored in Pay-to-Public-Key (P2PK) format could be vulnerable to quantum computing attacks. To mitigate this potential threat, Sirer proposed two solutions: freezing Satoshi’s…

The Czech Republic has reportedly passed a law exempting bitcoin holdings of more than three years from capital gains tax. This decision, approved unanimously by the country’s parliament on Dec. 6, is set to take effect on Jan. 1, 2025.The Czech Republic’s new tax exemption law introduces clear conditions under which cryptocurrency transactions can be excluded from personal taxation, according to Parlamentní Listy news site. “Individuals can benefit from these exemptions if their total gross annual income from cryptoasset transactions does not exceed CZK 100,000 ($4,000),” the Czech media outlet said. “Additionally, digital assets held for more than three years…

The Curve DAO token saw significant growth as December started, emerging as one of the top gainers over the past month. Curve DAO (CRV) rallied 500% in 30 days, reaching $1.33 with a market cap of $1.6 billion on Dec. 7 — the highest level since February 2023. The asset faced a 7% correction in the past 24 hours due to overbought conditions and is trading at $1.1 at the time of writing. CRV price and RSI | Source: crypto.news CRV’s daily trading volume, however, increased by 20% to $635 million, suggesting increased interest from investors. Thanks to the price…

Key Takeaways Amazon shareholders are advocating for at least 5% of company assets to be allocated to Bitcoin. The proposal points out that Bitcoin has outperformed other assets such as corporate bonds in recent years. Share this article A group of Amazon shareholders is pushing for the company to allocate a minimum of 5% of its assets to Bitcoin, through a proposal submitted by the National Center for Public Policy Research (NCPPR), a free-market principles advocacy think tank. Source: @TimKotzmanThe proposal, shared by Tim Kotzman, recommends Bitcoin addition to Amazon’s treasury as a hedge against inflation and asset diversification strategy.…

The odds of a Federal Reserve rate cut surged to 85% after a stronger-than-expected U.S. jobs report for November. According to the Bureau of Labor Statistics (BLS), 227,000 new jobs were added last month, exceeding Wall Street’s forecast of 202,000. The report also included upward revisions for September and October, which were heavily impacted by Boeing strikes and hurricanes in the Southeast.Macroeconomic Conditions Amid Fed Rate Cut ExpectationsDespite the positive job creation, the unemployment rate ticked up to 4.2%, and the labor force participation rate slipped slightly to 62.5%. Steve Rick, chief economist at TruStage, highlighted the report’s resilience, saying,…