MicroStrategy founder Michael Saylor recently published a proposal for crypto regulation and growth. His ‘Digital Assets Framework’ consists of five major points detailing the steps needed to foster crypto growth and adoption in the United States. As the first step, Saylor argues that a clear, universally understood taxonomy for digital assets is necessary for innovation and policy creation. He defines a digital commodity as an asset without an issuer backed by digital power, such as Bitcoin, and a digital security as an asset backed by a security, such as equity or debt. A digital currency is an asset backed by fiat, while digital tokens are fungible assets with issuers offering digital utility. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
In its latest Economic and Financial Research Report No. 893, the Bank of Italy (Banca d'Italia) classified Bitcoin peer-to-peer (P2P) services as “Crime-as-a-Service”, citing their suspected role in facilitating money laundering activities. Titled “Money Laundering and Blockchain: Can You Follow Their Footsteps in the Crypto World?” the report sheds light on platforms that enable Bitcoin trading without requiring Know Your Customer (KYC) verification. According to the bank, these services create opportunities for criminals to conceal the origins of illicit funds and complicate law enforcement efforts to track transactions. The report notes that such platforms often operate in jurisdictions with weak anti-money laundering (AML) regulations or in countries designated as high-risk by the Financial Action Task Force (FATF). The bank argues that this lack of oversight allows bad actors to exploit gaps in the global financial system. Related News: BREAKING : Donald Trump's Crypto Council Director is Announced - It Wasn't Expected One interesting aspect of the report is that it mentions events such as “Satoshi Spritz,” where people gather to exchange Bitcoin for goods or fiat currency. While these gatherings are typically organized by the Bitcoin community to promote cryptocurrency education and adoption, the Bank warns that they can also be used for illicit purposes, including money laundering. To combat these risks, the Bank of Italy has called for stricter regulatory measures and cites the importance of implementing robust KYC and AML protocols. *This is not investment advice. Continue Reading: Bank of Italy Publishes Report on Bitcoin: Includes Some Shocking Remarks
Bitcoin's low hits $92,520, raising concerns among traders. Experts predict a potential recovery in January as market conditions stabilize. Continue Reading: Market Analysts Assess the Current State of Cryptocurrency Prices The post Market Analysts Assess the Current State of Cryptocurrency Prices appeared first on COINTURK NEWS .
U.S. Spot Bitcoin ETFs Record $226M in Net Outflows on December 23 The U.S. spot Bitcoin ETFs faced significant net outflows totaling $226.42 million on December 23, marking the third consecutive day of declines, as per data from Trader T on X. This shift reflects varying investor sentiment during the holiday season amidst ongoing market volatility. Key Insights Into ETF Activity Despite the overall outflows, BlackRock’s IBIT stood out with a net inflow of $31.78 million , suggesting continued confidence among investors in the world’s largest asset manager’s Bitcoin fund. On the other hand, major outflows were recorded across several ETFs: Fidelity’s FBTC : $146 million Grayscale’s GBTC : $38.4 million Bitwise’s BITB : $23.7 million Invesco’s BTCO : $25.6 million ARK Invest’s ARKB : $15.7 million Grayscale’s Mini BTC : $6.2 million VanEck’s HODL : $2.6 million Other ETFs reported minimal or no significant net flows. Factors Influencing the Outflows The net outflows indicate a period of caution among investors, driven by: Year-End Portfolio Adjustments Many investors rebalance their portfolios during the year-end, which could contribute to these withdrawals. Market Volatility Bitcoin has seen significant price fluctuations, raising concerns over near-term risks. Institutional Strategy Changes Institutional investors might be re-evaluating their strategies, leading to temporary shifts in capital. BlackRock’s Resilience Amid Outflows While most ETFs faced declines, BlackRock’s IBIT recorded notable inflows. This resilience underscores BlackRock’s growing influence in the cryptocurrency sector and its reputation as a trusted brand among retail and institutional investors alike. Implications for Bitcoin and ETF Markets The combined outflows emphasize the short-term uncertainty in Bitcoin’s trajectory. However, consistent inflows into select funds like BlackRock’s IBIT suggest that institutional confidence in Bitcoin remains intact. This divergence highlights the importance of ETF management and branding in attracting and retaining investor capital. Conclusion The net outflows from U.S. spot Bitcoin ETFs signal cautious investor sentiment but also showcase pockets of resilience, particularly in BlackRock’s IBIT. With the cryptocurrency market navigating a volatile period, ETF flows will remain a critical indicator of market dynamics and institutional confidence in Bitcoin. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
QCP Capital: Altcoin Surge May Be Imminent Amid Bitcoin Volatility The cryptocurrency market could be heading for a significant shift as Bitcoin (BTC) struggles with sustained volatility, according to QCP Capital , a Singapore-based crypto trading firm. The expiration of $20 billion worth of BTC and Ether (ETH) options on December 27 could be a catalyst for market movement. Bitcoin’s Struggles Above $100,000 QCP Capital highlighted Bitcoin’s difficulty in maintaining its position above the $100,000 threshold. This struggle could lead to a rotation of capital into altcoins , replicating patterns observed during similar market phases last month. Bitcoin has been trading in a volatile range, and continued challenges could further undermine its dominance. Altcoins Positioned for a Rally The potential shift of investor focus toward altcoins could bring significant price movement in the broader cryptocurrency market. QCP Capital predicts that as BTC and ETH options reach expiry, funds might flow into smaller-cap cryptocurrencies with promising utility or strong community backing. Expert Insights: FxPro’s Alex Kuptsikevich on BTC’s Decline In addition to QCP Capital’s outlook, FxPro analyst Alex Kuptsikevich shared a more cautious view: BTC could experience additional declines, with dips to $90,000 or even $70,000 not out of the question. Kuptsikevich emphasized the importance of macroeconomic conditions and institutional sentiment in determining the crypto market’s trajectory. Key Takeaways for Investors Monitor BTC Options Expiry: The $20 billion in BTC and ETH options expiry on Dec. 27 could bring heightened market volatility, influencing asset flows and price movements. Potential Altcoin Rally: A rotation of interest into altcoins could offer opportunities for traders and investors seeking higher returns or portfolio diversification. Caution Amid Volatility: While the market shows signs of potential growth in altcoins, BTC’s unpredictability underscores the importance of risk management in trading strategies. Conclusion As Bitcoin faces challenges staying above $100,000, the cryptocurrency market is poised for significant developments. With a large options expiry on the horizon , altcoins may emerge as a major beneficiary of shifting market dynamics. Investors should watch for trends in capital rotation and prepare for potential opportunities in the altcoin market while remaining mindful of Bitcoin’s price movements. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
Microstrategy’s treasury operations secured 3,177 bitcoins last week—worth $299 million—intensifying its aggressive BTC acquisition push and reinforcing its position as the largest corporate bitcoin holder. Microstrategy’s Treasury Move Nets $299M in BTC Last Week Michael Saylor, Executive Chairman of software intelligence firm Microstrategy (Nasdaq: MSTR), highlighted the company’s bitcoin investment performance in a post on
Crypto markets, as unpredictable as ever, are closing out December 2024 with some big moves and even bigger headlines. Bitcoin (BTC), the king of cryptocurrencies, has seen better days. Its price, after briefly rallying earlier this year, has taken a tumble, sending ripples across the market. Similarly, SUI, a blockchain platform that once promised to shake things up, is now grappling with downward pressure that has left its supporters scratching their heads. The question on everyone’s mind? Which cryptos are worth your attention right now? While BTC and SUI navigate these rough waters, Qubetics ($TICS) is charting its own course—and it’s all smooth sailing. With over $7.5 million raised in its presale and a groundbreaking approach to blockchain development, Qubetics is proving that innovation and real-world solutions can thrive even in a bearish market. Unlike its counterparts, Qubetics isn’t just about token prices or market speculation; it’s about utility, solving real problems, and paving the way for a more efficient digital future. Let’s dive into why Qubetics, with its innovative QubeQode IDE application, is the crypto to watch in December 2024 . We’ll also take a closer look at Bitcoin and SUI to understand where they stand and what’s ahead for these blockchain giants. Qubetics: Pioneering Innovation with QubeQode IDE Now, let’s talk about Qubetics ($TICS), the breakout star of December 2024. Unlike Bitcoin and SUI, Qubetics isn’t weighed down by market trends or unmet expectations. It’s blazing a trail of its own, backed by a presale that’s already raised over $7.5 million. With more than 372 million tokens sold to over 11,500 holders, Qubetics isn’t just another blockchain project; it’s a movement. One of the standout features of Qubetics is its QubeQode Integrated Development Environment (IDE) . This isn’t just a tool; it’s a game-changer. QubeQode simplifies blockchain development in ways that were previously unimaginable. Imagine you’re a developer looking to build a decentralised app. Normally, you’d have to navigate complex coding languages, fragmented tools, and countless hours of troubleshooting. With QubeQode, all that complexity is streamlined. It’s like going from a manual typewriter to a high-tech word processor—a total upgrade. For businesses, QubeQode offers unparalleled efficiency. Picture a fintech startup wanting to launch a crypto payment platform . With QubeQode, they can prototype, test, and deploy their app faster than ever. Professionals in industries ranging from healthcare to supply chain management can also benefit, using QubeQode to integrate blockchain solutions without needing an army of developers. For individuals, QubeQode opens up opportunities that were once out of reach. Ever dreamed of creating your own token or smart contract? With QubeQode, even those without a tech background can get involved. It’s democratising blockchain development, making it accessible to anyone with a vision and a bit of curiosity. Bitcoin: The OG Struggles to Maintain Its Crown Bitcoin, the original cryptocurrency, has been a household name for over a decade. It’s the benchmark against which all other cryptos are measured. But even legends stumble, and Bitcoin’s recent performance has been far from stellar. After hitting new heights earlier this year, BTC has faced significant downward pressure, leaving investors both seasoned and new wondering if it’s time to reassess. The trouble started when macroeconomic factors—yes, those pesky interest rates again—began taking their toll. The Federal Reserve’s hawkish stance sent shockwaves through global markets, and Bitcoin wasn’t spared. While many hoped BTC would act as a hedge against inflation, its recent price movements have shown it’s still susceptible to broader market trends. Add to this the increasing scrutiny from regulators worldwide, and you’ve got a recipe for volatility. Bitcoin’s biggest strength has always been its simplicity. It’s digital gold, a store of value, a decentralised alternative to fiat currencies. But in a market where innovation drives interest, Bitcoin’s lack of new features can feel like a limitation. Sure, it’s reliable, and its network is as secure as ever. But for those looking for the top cryptos to join in December 2024, Bitcoin’s appeal might be more about nostalgia than future potential. SUI: A Promising Project Hits a Snag SUI, a relatively new player in the crypto world, came out swinging with bold promises of scalability and decentralised app support. Built with a focus on speed and efficiency, SUI positioned itself as the blockchain that could handle the demands of modern applications without breaking a sweat. For a while, it seemed like it was living up to the hype. But December 2024 has been a tough month for SUI. The token’s price has dipped, following broader market trends and a series of less-than-stellar updates from its development team. While SUI’s technology remains impressive, it’s struggled to maintain the momentum needed to capture market share in a crowded space. Competing with established platforms like Ethereum and Solana is no small feat, and SUI’s growing pains are becoming increasingly evident. Part of SUI’s challenge lies in its positioning. While its high throughput and developer-friendly environment are attractive, these aren’t unique selling points anymore. The blockchain world moves fast, and what’s groundbreaking today can feel dated tomorrow. For those evaluating the top cryptos to join in December 2024, SUI offers potential but also significant risks. It’s a project to watch, but perhaps not one to jump into just yet. What Is QubeQode IDE? If you’re wondering what makes QubeQode so special, here’s the scoop. An Integrated Development Environment (IDE) is like a Swiss Army knife for developers. It combines all the tools you need—a code editor, debugger, and compiler—into one user-friendly platform. QubeQode takes this concept and turbocharges it with blockchain-specific features. What sets QubeQode apart is its focus on usability. Traditional blockchain development can be intimidating, even for seasoned coders. QubeQode simplifies the process by offering pre-built templates, drag-and-drop functionality, and real-time testing environments. It’s designed to eliminate the usual headaches of blockchain programming, making it a perfect fit for both beginners and experts. The IDE operates seamlessly across multiple blockchains, allowing developers to create interoperable apps without needing to master multiple coding languages. It’s like having a universal translator for blockchain development. This kind of innovation doesn’t just make life easier; it sets the stage for the next wave of decentralised applications. Conclusion: Join the Future with Qubetics As December 2024 unfolds, the crypto market is offering a mix of challenges and opportunities. Bitcoin and SUI have their merits, but they’re also grappling with obstacles that make them less appealing for immediate investment. In contrast, Qubetics is a shining example of how innovation and utility can drive success even in tough market conditions. If you’re searching for the top cryptos to join in December 2024 , Qubetics stands out as a clear winner. Its presale is in full swing, with tokens priced at just $0.0377. Don’t wait until the weekend when prices jump by 10%. Visit Qubetics Presale today and secure your stake in the future of blockchain. For More Information: Qubetics: https://qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics The post Top Cryptos to Join in December 2024: Qubetics Presale Hits Key Milestone Despite Bearish Trends Hurting Bitcoin and SUI appeared first on TheCoinrise.com .
TeraWulf Diversifies With AI and Cloud Computing Bitcoin mining firm TeraWulf has announced a strategic move to diversify its operations by leasing over 70 megawatts (MW) of data center infrastructure to AI and cloud services provider Core42 . The leased infrastructure, located at TeraWulf’s Lake Mariner facility in New York , marks the company’s entry into AI-driven computing to mitigate the rising costs of Bitcoin mining. Phased Activation Plan for AI Expansion The data center infrastructure will be activated in multiple phases, with completion expected between Q1 and Q3 of 2025 . By entering the AI-driven computing sector, TeraWulf aims to: Diversify revenue streams. Reduce dependency on cryptocurrency mining. Address the financial challenges posed by increasing mining costs and energy consumption. Strategic Partnership With Core42 Core42 , an AI and cloud service provider, will utilize the leased infrastructure for computational workloads in artificial intelligence and cloud services. This partnership reflects TeraWulf’s broader strategy to integrate next-generation computing technologies alongside its cryptocurrency operations. The move aligns with industry trends of mining firms leveraging existing infrastructure for diverse applications. AI-driven workloads could offer higher efficiency and profitability compared to traditional Bitcoin mining. Challenges in Bitcoin Mining Spur Innovation Bitcoin mining has become increasingly challenging due to rising energy costs , hashrate competition , and market volatility . TeraWulf’s shift toward AI computing follows a broader industry trend of diversifying operations to offset risks associated with mining. By tapping into AI and cloud computing markets , TeraWulf positions itself to capitalize on: Growing demand for AI-driven computational power. Increasing adoption of cloud technologies across industries. Implications for the Crypto and AI Industries TeraWulf’s initiative signals a growing convergence between cryptocurrency and artificial intelligence industries. With AI-related workloads requiring substantial computational resources, mining firms like TeraWulf are uniquely equipped to meet these demands. Conclusion TeraWulf’s decision to lease 70 MW of data center infrastructure to Core42 highlights its commitment to innovation and diversification. As Bitcoin mining faces economic pressures, this move into AI-driven computing not only enhances operational resilience but also establishes TeraWulf as a forward-looking player in the evolving tech landscape. Investors and stakeholders should monitor TeraWulf’s progress in integrating AI technologies, as this initiative could set a precedent for mining firms exploring opportunities beyond cryptocurrency. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
Investment Advisors Set to Dominate Crypto ETFs in 2025 A recent analysis by CF Benchmarks , a cryptocurrency benchmark index provider, reveals that investment advisors are projected to surpass hedge funds as the largest holders of spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) by 2025. This shift reflects a broader movement toward mainstream adoption of cryptocurrencies through regulated financial products. Current Landscape: Spot Bitcoin ETFs Holdings : Hedge Funds: 45.3% (largest current holders). Investment Advisors: 28% . Spot Ethereum ETFs Holdings : Investment Advisors: 33% , already exceeding hedge fund holdings. Reasons Behind the Shift: Rising Client Demand : Increasing interest in cryptocurrency exposure among retail clients and institutional investors has driven investment advisors to include crypto ETFs in their offerings. Simplified Access to Crypto : Spot ETFs provide a straightforward entry point to cryptocurrencies without requiring clients to manage wallets or private keys, making them attractive for advisors. Regulatory Progress : Improved regulatory clarity around crypto ETFs in the U.S. and globally has boosted confidence among investment advisors. Focus on Long-Term Investment : Investment advisors are more inclined toward long-term holding strategies , appealing to conservative clients looking for diversified portfolios. Impact on the Crypto Market: Liquidity Boost : Increased participation by investment advisors could enhance liquidity in crypto ETF markets, stabilizing prices. Wider Adoption : The involvement of mainstream financial professionals signals broader adoption of cryptocurrencies as a legitimate asset class. Hedge Funds Maintain a Role : Hedge funds will likely continue to be major players, particularly in speculative and arbitrage strategies, but their dominance may wane. Conclusion: The anticipated rise of investment advisors as the largest holders of crypto ETFs by 2025 highlights a maturing cryptocurrency market . It reflects a shift from speculative adoption by hedge funds to institutional-level acceptance, further cementing cryptocurrency’s place in traditional finance. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
Ethereum (ETH), XRP and other altcoins are gaining traction as Bitcoin consolidates, sparking optimism in the crypto market.…