North Korean Hackers Stole $1.6B in Crypto in 2024 North Korean hackers escalated their cybercrime activities in 2024, stealing a staggering $1.6 billion in cryptocurrency, according to a Chainalysis report . This figure represents a dramatic increase from $660.5 million in 2023, emphasizing the role of cybercrime in funding Pyongyang’s government and military programs. A report has just come out showing that North Korean hackers are responsible for 61% of the $2.2 billion in cryptocurrency stolen from platforms around the world this year, to fund the regime’s weapons development and ballistic missile programs in an effort to circumvent international sanctions. Increased Sophistication and Frequency North Korea-linked cybercriminals executed 47 attacks in 2024, which is more than twice as many incidents recorded in 2023. These include the hack of decentralized finance systems and crypto exchanges through sophisticated means such as advanced malware and social engineering. One of the major tactics has been hackers impersonating remote IT workers. The U.S. Department of Justice recently indicted 14 North Korean nationals who assumed fake identities to get remote jobs, ultimately generating over $88 million through data theft and extortion schemes. The scale of these attacks is also increasing. In 2024, North Korean groups carried out more hacks of over $100 million than in any previous year. Smaller-scale incidents- less than $50 million-have also increased , suggesting a diversification in tactics. A Shift Following Closer Russia Ties Most of North Korea’s crypto thefts took place in the first half of 2024. Hacking activity slowed significantly after June, coinciding with growing ties between North Korea and Russia. Analysts say the regime may have shifted its cyber efforts following a meeting between Kim Jong Un and Vladimir Putin that underscored increased cooperation between the two nations. The Chainalysis report suggests that one factor contributing to North Korea’s new direction could be its collaboration with Russia. The regime may be diverting resources to support Russia’s war efforts in Ukraine, or it may simply be pursuing other avenues of cybercrime. Global Concerns and Implications This includes continuing worry over North Korea’s rise in cybercrime activities meant to fund the state military programs. In particular, U.S. estimates account that up to one-third of the regime’s funding comes for missiles from illicit activities via online portals. Despite a mid-year slowing, 2024 appeared to solidify North Korea’s position globally at the top of crypto thievery. It’s really hard to be as confrontational as Kim when people are afraid and concerned-as they should be-end.
Germany-headquartered Deutsche Bank is reportedly developing a solution for the regulatory challenges that financial institutions face when using public blockchains. Bloomberg reports that the global investment bank is building a layer-2 blockchain for leading smart contract platform Ethereum ( ETH ) to address regulatory concerns of financial firms such as inadvertently dealing with criminals and sanctioned entities. The layer-2 chain is incorporated in the firm’s multi-chain asset servicing pilot, Project Dama 2, which is part of the Monetary Authority of Singapore’s (MAS) Project Guardian initiative, a collaboration of 24 major financial institutions that explore asset tokenization. Deutsche Bank’s Asia-Pacific industry applied innovation lead, Boon-Hiong Chan, says public blockchains such as Ethereum come with risks for regulated lenders such as not knowing who validates transactions, concerns over payment of transaction fees to sanctioned entities and threats of unforeseen hard fork. Chan says the layer-2 solution can help address these issues. He says the platform will allow banks to curate a “more bespoke list of validators” and potentially grant regulators super admin rights that will enable them to scrutinize fund movements. “Using two chains, a number of these regulatory concerns should be able to be satisfied. You are not dependent on the layer-1 for detailed transaction records anymore.” The bank launched a test version of Dama 2 in November and is hoping to launch a minimum viable product by next year. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Deutsche Bank Working on Institutional Crypto Solution for Regulatory Hurdles: Report appeared first on The Daily Hodl .
Key Takeaways: Our Tron price predictions anticipate a high of $0.2332 by the end of 2024. In 2027, TRX will range between $0.6718 and $0.8074, with an average price of $0.6955. In 2030, TRX will range between $2.10 and $2.53, with an average price of $2.17. TRX is the native token of the Tron network used to govern and settle transaction fees. In retrospect, Tron (TRX) has performed better than most mega-altcoins. Over the long term, TRX is set to trend higher. Is TRX a good investment? Will it go up? Where will it be in three years? Let’s get into the TRX price prediction to answer these questions and more. Overview Cryptocurrency Tron Ticker TRX Current price $0.261 Market cap $22.1B Trading volume $2B Circulating supply 86.22B TRX All-time low $0.001091 on Sep 15, 2017 All-time high $0.4313 on Dec 04, 2024 24-hour low $0.2762 24-hour high $0.253 Tron price prediction: Technical analysis Metric Value Volatility (30-day variation) 9.71% 50-day SMA $ 0.176253 200-day SMA $ 0.145541 Sentiment Bullish Fear and greed index 80 (Extreme Greed) Green days 18/30 (60%) Tron price analysis TL;DR Breakdown Tron price analysis confirmed an upward trend at $0.261. Cryptocurrency has devalued up to 4.48% during the day. TRX coin prices are targeting next resistance at $0.3862. On December 19, 2024, Tron price analysis revealed an increasing market trend for the cryptocurrency. TRX/USD value has recovered up to $0.261 during the past 24 hours. The overall market sentiment remained on the bearish side, resulting in a 4.48% loss. Despite the bearish swing this week, today the bulls remained successful in making a comeback. TRX/USD 1-day chart analysis The one-day price chart of Tron coin confirmed an upward market trend for the currency. Tron coin value has increased up to $0.261 high through the day. Side by side, the decreasing volatility signifies low chances of reversal in the current market trends. TRX/USD price chart. Image source: TradingView The gap between the Bollinger bands determines the market volatility. As this gap is converging, this refers to a decreasing market volatility. Moving on, the upper limit of the Bollinger Bands indicator, acting as the resistance band, has shifted to $0.3862. Whereas, its lower limit, serving as the support band, has moved to a $0.1891 low. The Relative Strength Index (RSI) indicator is present within the neutral area. Its value has stepped up to index 49.47 in the past 24 hours. This increasing movement confirms a rising bullish action. The buying activities remained relatively higher as compared to the selling activities. If the bulls remain persistent, the market can enter a prolonged period of stability. TRX/USD 4-hour chart analysis: TRX experiences descent below $0.261. The four-hour price analysis of Tron coin confirmed a decreasing market trend for the cryptocurrency. TRX/USD value has dropped down to a $0.2616 low in the past few hours. As the volatility is increasing, there is a high possibility of a reversal soon. TRX/USD price chart. Image source: TradingView The Bollinger bands are expanding, resulting in an increasing volatility. This rise in the volatility refers to a relatively higher market unpredictability during the coming hours. Moreover, the upper Bollinger band has shifted to a $0.3020 high, indicating the resistance point. Whereas, the lower Bollinger band has moved to $0.2539 low, securing the support. The RSI indicator is hovering below the neutral region for now. Its value has receded to index 36.47 amidst the rising bearish pressure. The decreasing curve on the RSI graph marks an increasing selling activity. The bears remained on the winning side during the past four hours, leading to a considerable loss. This declining movement marks an unbalanced trading environment. TRX technical indicators: Levels and actions Daily simple moving average (SMA) Period Value ($) Action SMA 3 0.191072 BUY SMA 5 0.195533 BUY SMA 10 0.199564 BUY SMA 21 0.194912 BUY SMA 50 0.176253 BUY SMA 100 0.165005 BUY SMA 200 0.145541 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 0.189844 BUY EMA 5 0.182159 BUY EMA 10 0.173058 BUY EMA 21 0.165607 BUY EMA 50 0.157905 BUY EMA 100 0.149581 BUY EMA 200 0.138597 BUY What can we expect from Tron price analysis next? Tron price analysis gives out a bullish prediction with regards to the current price movements. TRX/USD value has stepped up to a $0.261 high over the past 24 hours. Side by side, the cryptocurrency devalued up to 4.48 percent considering the earlier downside. The overall market sentiment remains negative; however, the bulls secured victory today. Technical indicators are giving out a neutral signal regarding the ongoing market trends. However, the price charts are presenting a relatively bullish outlook of the market. Is TRX a good investment? TRX is a coin with utility that continues to trade higher, indicating growing adoption among crypto investors. Despite this, the coin remains a victim of uncertainties and volatility. Our Cryptopolitan price prediction explores the expected movements from 2024 to 2030. Why is Tron up? Tron is bullish during the day. However, Tron reached its all-time high Total Value Locked (TVL) of $10 billion this year, and the TRX price is well above its all-time high. Side by side, this month, the blockchain is one of the currencies most affected by the bearish cloud. Will Tron reach $0.5? Yes, Tron should rise above $0.5 in 2027. During that period, its price will range between $0.4581 and $0.5714. Will Tron reach $1? Yes, Tron should rise above $1 in 2029. During that period, its price will range between $0.9668 and $1.17. Will Tron reach $10? Per expert analysis, Tron may not reach $10 before 2030. Does Tron have a good long-term future? According to Cryptopolitan price predictions, Tron is set to trade higher in the coming years. However, factors like market crashes or difficult regulations could invalidate this bullish theory. Recent news/opinion on Tron In Hong Kong, Justin Sun confirmed that TRON has become a participant in the Chainlink SCALE program and will leverage Chainlink Data Feeds for its Oracle needs. Throwback to @Chainlink 's #SmartCon ! In Hong Kong, @justinsuntron announced that TRON has joined the Chainlink Scale Program and is adopting Chainlink Data Feeds as TRON's official oracle solution. pic.twitter.com/nEU6Quy25B — TRON DAO (@trondao) November 30, 2024 Tron price prediction December 2024 A break of resistance will result in a mini bull run, with the next target at $ 0.2243. This month, TRX will trade at an average of $ 0.2213 and drop to $ 0.2172 at its lowest. Month Potential low ($) Potential average ($) Potential high ($) December 0.2172 0.2213 0.2243 Tron price prediction 2024 The technical indicators are bullish on TRX in the second half of 2024. It is anticipated to trade between $0.2073 and $0.2332, with an average price of $0.2267. Year Potential low ($) Potential average ($) Potential high ($) 2024 0.2073 0.2267 0.2332 Tron price prediction 2025-2030 Year Potential low ($) Potential average ($) Potential high ($) 2025 $0.3213 $0.3327 0.3883 2026 $0.4574 $0.4740 $0.5587 2027 $0.6718 $0.6955 $0.8074 2028 $0.9633 $0.9911 $1.16 2029 $1.46 $1.50 $1.68 2030 $2.10 $2.17 $2.53 Tron price prediction 2025 The Tron price forecast for 2025 sets the high at $0.3883. The lowest price for the year will be $0.3213, and the average price will be $0.3327. Tron price prediction 2026 TRON will experience more bullish momentum in 2026. According to the predictions, it will range between $0.4574 and $0.5587, with an average price of $0.4740. Tron price prediction 2027 The TRX prediction climbs even higher in 2027; according to the prediction, it will range between $0.6718 and $0.8074, with an average price of $0.6955. Tron price prediction 2028 The analysis suggests a further acceleration in TRX’s growth by 2028. According to the Tron price prediction, the price of Tron will range between a minimum price of $0.9633 and a maximum price of $1.16. The average price for the year will be $0.9911. Tron price prediction 2029 According to the Tron forecast for 2029, TRX price will reach a maximum and minimum of $1.68 and $1.46, respectively, with a year-round average of $1.50. Tron price prediction 2030 The Tron TRX price prediction for 2030 indicates a price range of $2.10 and $2.53 and an average price of $2.17. TRX price prediction 2024 – 2030 Tron market price prediction: Analysts’ TRX price forecast Platform 2024 2025 2026 Digitalcoinprice $0.28 $0.33 $0.46 Changelly $0.12 $0.23 $0.33 Gate.io $0.14 $0.14 $0.16 Cryptopolitan’s Tron price prediction At current levels, Tron remains bullish. According to our predictions, TRX will achieve a high of $0.2332 in the second half of 2024. In 2025, it will range between $0.3213 and $0.3883, with an average of $0.3327. Note the predictions are not investment advice. Seek independent professional consultation or do your own research. Tron historic price sentiment TRON price history Tron, founded by Justin Sun in 2017, raised $70 million through an ICO the same year; it launched its mainnet in May 2018 and migrated TRX from Ethereum to Tron in June, which temporarily boosted TRX’s price to $0.09. TRX reached an all-time high of $0.3004 in January 2018 before dropping below $0.05 a month later; it consistently traded under $0.05 until late 2020, when it began to rise again. In 2021, it reached a high of $0.16. Tron was also reorganized as a DAO as Justin stepped down as CEO of Tron Foundation. TRX was in a bear trend for the best part of 2022. In 2023, TRX maintained a consistent bull run, rising from a low of $0.05. In March 2023, the SEC sued Justin for allegedly selling unregistered securities and promoting Tron and Bittorent tokens. In February 2024, Circle’s announcement to cease USDC on Tron led TRX to correct from $0.1429. TRX held above $0.1234 until mid-May, then dropped to $0.1113. The price rebounded to $0.1398 in July but fell again to $0.1213 in early August. By late September, TRX recovered to $0.166, reaching $0.1691 in October and touched $0.2130 in late November. At the start of December, TRX is trading near $0.228.
Bitcoin (BTC) slumped below $100,000 after Federal Reserve Chairman Jerome Powell said the central bank is not allowed to own Bitcoin and is not looking for a law change. Powell’s comments instantly impacted the market, with the price of BTC dropping considerably, dropping below $100,000 to a low of $99,047 before recovering and rising to its current level. BTC is currently down just over 2% and trading around the $101,200 mark. Speaking about the pullback, ChangeNOW CMO Pauline Shangett noted, "Powell's comments sent shockwaves through the crypto market with over $700 million in liquidations in just 24 hours, reflecting the high volatility of the crypto space." The market cap also slumped, dropping by 3.50% to $3.52 trillion. Almost all major cryptocurrencies, including Ethereum (ETH), Solana (SOL), Ripple (XRP) , Dogecoin (DOGE) , Cardano (ADA) , Chainlink (LINK) , Toncoin (TON), and Polkadot (DOT) are trading in the red. Bitcoin (BTC) Slumps After FOMC Meeting Bitcoin (BTC) and the crypto market retreated after the Federal Open Market Committee (FOMC) announced plans to slow down rate cuts in 2025, with the benchmark federal funding rates declining to a range of 4.25% and 4.50%. The Fed cut interest rates by 25 basis points, lowering the federal funds rate. The decision matched expectations from analysts and market watchers. Despite this, the crypto markets registered a substantial decline following the decision. According to analysts, the market reaction was not because of the December rate cut, which was along expected lines, but the outlook for 2025. Federal Reserve Chair Jerome Powell hinted the bank has revised its 2025 outlook and dropped potential rate cuts from 4 to 2, suggesting a more hawkish outlook for the year, triggering a selloff in the crypto market. The Fed also raised its expectations for PCE inflation from 2.1% to 2.5% at the end of 2025, indicating that inflation could increase in 2025. The Fed's decision to reduce rate cuts and the potential spike in inflation could also adversely impact the current bull run as investors anticipate an unfavorable market. Following the announcement, BTC slumped below $100,000, dragging the market down. Federal Reserve Not Allowed To Own Bitcoin Federal Reserve Chair Jerome Powell rained on the crypto market’s parade after stating the central bank is not allowed to, or looking to hold Bitcoin. As a result, the price of BTC plummeted below $100,000, falling to a low of $99,047 before recovering to its current level. Powell stated, “We’re not allowed to own Bitcoin. The Federal Reserve Act says what we can own, and we’re not looking for a law change. That’s the kind of thing for Congress to consider, but we are not looking for a law change at the Fed.” Powell made the comments in response to a question on whether he saw any value in a federal Bitcoin reserve, an idea mooted by President-elect Donald Trump as a way for the US to stay ahead of the competition as other countries embrace digital assets. However, experts have warned of risks associated with volatile assets like BTC. BTC’s value has soared since Donald Trump’s election victory, with the President-elect promising to create a friendly regulatory environment for the crypto ecosystem. Bitcoin (BTC) Price Analysis Bitcoin (BTC) is down over 2% in the past 24 hours, as its price dropped following the FOMC meeting. BTC slumped to an intraday low of $99,047 before recovering to reclaim $100,000 and move to its current level. The markets also saw liquidations reach a staggering $700 million following Federal Reserve Chair Jerome Powell reiterating the central bank cannot own Bitcoin. Powell also predicted it could take 1-2 years for inflation to reach the desired 2% target, triggering widespread selloffs. BTC was quite bullish last week despite starting it in the red. By Tuesday, it plummeted to a low of $94,313 before settling at $96,912 as bearish sentiment took hold. However, the price recovered on Wednesday, rising over 4% to move above $100,000 and settle at $100.900. Despite a positive showing on Thursday, BTC dropped by 0.975 to slip below $100,000 and settle at $99,923. However, buyers returned to the market on Friday as BTC reclaimed the $100,000 level after rising 1.47% and settling at $101,394. BTC registered a marginal decline on Saturday before recovering on Sunday to register a substantial increase of almost 3% and settle at $104,181. Source: TradingView BTC started the current week on a positive note, setting an all-time high after climbing to $107,464. However, it declined from this level to settle at $105,746, ultimately registering an increase of 1.50%. BTC surged to a new all-time high on Tuesday, reaching an intraday high of $108,268. However, it could not stay at this level and fell to $106,142, registering a marginal increase. However, market sentiment changed on Wednesday following the FOMC meeting and Fed Chair Jerome Powell’s comments. As a result, BTC plummeted almost 6%, dropping below $100,000 before settling at $100,189. Sellers yanked BTC to an intraday low of $98,782 during the ongoing session. However, the price has recovered from this level and is currently up by 1.27%, trading around $101,500. BTC faces some resistance around the $108,000 mark. However, analysts are confident it will cross $110,000 by the end of the year. Ethereum (ETH) Price Analysis Ethereum (ETH) is attempting to recover after facing a substantial decline this week as sellers tried to drive the price toward $3,500. ETH registered a significant drop last Monday, falling over 7% and settling at $3,715. Sellers drove ETH to an intraday low of $3,521 on Tuesday as bearish sentiment persisted. However, ETH recovered partially from this level to go above the 20-day SMA and settle at $3,630, registering a decline of 2.30%. However, the price recovered on Wednesday, as ETH rallied almost 6% to go above $3,800 and settle at $3,834. Buyers attempted a move past $4,000 on Thursday as ETH reached an intraday high of $3,988. However, buyers lost momentum after reaching this level, and the price dropped to settle at $3,882, an increase of 1.26%. Source: TradingView ETH could only register a marginal increase on Friday as it went above $3,900 and settled at $3,907. However, the weekend began on a bearish note as ETH dropped almost 1% and settled at $3,869. The price recovered on Sunday, rising by 2.25% to reclaim $3,900 and settle at $3,956. The current week began with ETH experiencing significant volatility as it rose to an intraday high of $4,106 and fell to an intraday low of $3,882 before buyers took control and pushed ETH to $3,985. However, sentiment changed on Tuesday as buyers lost momentum. As a result, ETH dropped 2.33% and settled at $3,892. Bearish sentiment intensified significantly on Wednesday as ETH plummeted below the 20-day SMA after a drop of nearly 7% and settled at $3,625. The current session sees ETH up almost 2% and trading at $3,693 as buyers attempt to reclaim the $3,800 level. Solana (SOL) Price Analysis Solana (SOL) fell below a key support level on Wednesday as selling pressure increased significantly. However, it is attempting a recovery during the current session after dropping to a low of $199. SOL has been trading in a downward trajectory since November 22. Bearish sentiment intensified at the beginning of last week after SOL slipped below the 20-day SMA. With sellers dominating the market, SOL dropped 8.55% on Monday and 1.47% on Tuesday to settle at $213, as sellers attempted to drive it below $200. Despite considerable selling pressure, SOL recovered on Wednesday, rising over 6% and settling at $227. SOL tried to go above the 20-day SMA on Thursday as it rose to an intraday high of $235. However, buyers lost momentum at this level, and the price fell back, dropping to $227 after a marginal decline. Source: TradingView Sellers retained control on Friday as SOL dropped almost 1% and settled at $224. Bearish sentiment intensified on Saturday as SOL dropped by 2.22% and settled at $219, but not before falling to an intraday low of $215. Despite the bearish sentiment, SOL recovered on Sunday, rising almost 2% to $224 and ending the weekend positively. However, bearish sentiment returned on Monday as SOL fell by 3.55%, going below the 20-day SMA and settling at $216. SOL recovered on Tuesday as buyers attempted to go above the 20-day SMA. As a result, SOL reached an intraday high of $228 before settling at $223. Despite recovering on Tuesday, SOL fell substantially on Wednesday, registering a drop of 7.48% to slip below the 20-day SMA and key support levels and settle at $206. Sellers attempted to drag SOL below $200 during the current session as it fell to a low of $199. However, it has recovered from this level and is currently up almost 2%, trading at $210. Dogwifhat (WIF) Price Analysis Dogwifhat (WIF) collapsed after briefly surpassing $4 last weekend, with buyers unable to arrest the meme tokens decline. WIF plummeted 18% last Monday as it went below the 20-day SMA and settled at $3.05, but not before hitting an intraday low of $2.58. The price continued to drop on Tuesday as WIF slipped below the 50-day SMA and $3 to settle at $2.84 after a drop of almost 7%. Despite the overwhelming bearish sentiment, WIF recovered on Wednesday, rising over 7% to move past the 50-day SMA and settle at $3.05. Buyers attempted to build momentum as WIF reached an intraday high of $3.19 on Thursday. However, sellers could counter buyers and drive WIF down by 3.34% to $2.94. The price registered a marginal decline on Friday as sellers retained control, preventing a move past the 50-day SMA. Source: TradingView Selling pressure intensified on Saturday as WIF dropped just over 4% and settled at $2.84. Despite considerable selling pressure, WIF registered a marginal increase on Sunday to end the weekend positively. However, it was back in the red on Monday, dropping by 3.52% and settling at $2.74. Buyers attempted a recovery on Tuesday but were unsuccessful as WIF dropped 1.58% to $2.70. Bearish sentiment intensified significantly on Wednesday as WIF plummeted almost 15%, going below a key support level and the 200-day SMA to settle at $2.30. The current session sees WIF remain in the red, with the price down over 3% at $2.23. Toncoin (TON) Price Analysis Toncoin (TON) has registered a substantial decline this week as it plummeted below key levels as bearish sentiment took hold. Despite registering a drop of over 14% last Monday, TON recovered on Tuesday, rising by 2.41% from an intraday low of $5.50 to settle at $5.94. Bullish sentiment intensified on Wednesday as TON surged almost 7% to move past the 200-day SMA and settle at $6.34. Buyers attempted a move past the 20-day SMA on Thursday as TON reached an intraday high of $6.48. However, buyers lost momentum at this level, and TON registered a marginal drop. Sellers retained control on Friday but could only push TON down marginally, as it settled at $6.29. However, TON registered a notable decline of 1.05% on Saturday as selling pressure intensified and dropped to $6.22. Source: TradingView TON registered a strong recovery on Sunday, rising almost 3% to end the weekend positively. However, the current week began with sellers back in control as TON plummeted 5.35% on Monday to go below the 200-day SMA and settle at $6.05. Bearish sentiment persisted on Tuesday as TON slipped below $6 and settled at $5.80. Wednesday saw TON slip below the 50-day SMA, falling over 6% and settling at $5.43. TON fell to a low of $5.16 during the current session. However, it recovered from this level and is currently up almost 1%, trading around $5.47. Hedera (HBAR) Price Analysis After plummeting to a low of $0.236 last Monday, Hedera (HBAR) recovered on Tuesday registered an increase of just over 3%, and settled at $0.289 despite facing significant volatility. HBAR continued to push higher on Wednesday, rising almost 3% and settling at $0.298. HBAR dropped on Thursday as buyers failed to maintain momentum, falling just over 2% and settling at $0.292. However, the price recovered on Friday, rising almost 8% and settling at $0.314. HBAR was back in the red on Saturday, dropping just over 6% before registering a marginal increase on Sunday to end the weekend at $0.295. Source: TradingView The current week began with HBAR dropping 4.18% to $0.283. It recovered on Tuesday, rising by 0.84% and settling at $0.285 as buyers prevented a drop below the 20-day SMA. However, sellers took control on Wednesday and drove HBAR down by 4.56%. As a result, it went below the 20-day SMA and settled at $0.272. The current session sees HBAR up over 7% as it makes a strong recovery. Buyers will look to push HBAR back above the 20-day SMA and the $0.30 price level. Theta Network (THETA) Price Analysis Theta Network (THETA) made a strong recovery after dropping below the 20-day SMA on Tuesday and falling to an intraday low of $2.14, rising almost 9% on Wednesday to go above the 20-day SMA and settle at $2.58. THETA rose to an intraday high of $2.85 on Thursday before settling at $2.67, an increase of 3.35%. Buyers retained control on Friday as the price rose almost 3% and settled at $2.74. However, it was back in the red on Saturday, dropping nearly 5% to go below the 20-day SMA and settle at $2.61. Source: TradingView THETA recovered on Sunday, rising by 4.91% to move past the 20-day SMA and settle at $2.73. The price experienced considerable volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as THETA registered a marginal drop and settled at $2.71. It slipped below the 20-day SMA on Tuesday, falling by 0.73% and settling at $2.69. However, selling pressure increased substantially on Wednesday as THETA plummeted almost 14% and settled at $2.32. The current session sees the price down just over 2% at $2.27. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Few projects in crypto’s short history have done more to both capture and shape the culture—for better or worse.
The crypto market faces significant volatility as several altcoins experience drastic price changes, highlighting investor sentiment shifts. The recent price drops prompt discussions around market dynamics, particularly the implications of
Secret Network has announced the launch of Claive AI, a decentralized platform that aims to provide secure and confidential artificial intelligence (AI) services for enterprise users. Claive AI Combines Blockchain and Confidential Computing According to the announcement shared with Bitcoin.com News, the platform leverages Secret Network’s privacy-preserving blockchain technology, focusing on secure and confidential AI
The post Coinbase Advanced Saw Rapid Surge in Users and Derivatives Trading In 2024 appeared first on Coinpedia Fintech News Coinbase Advanced, the cryptocurrency exchange’s platform for professional traders, saw a surge in users and trading volumes in 2024. The platform clocked a 191% increase in trading volumes driven by strong growth in derivatives trading and a 77% increase in users. Notably, Coinbase Advanced offers experienced traders a flat monthly fee in exchange for lower trading costs, more order options, and analytics tools. Coinbase shared that Derivatives products experienced especially rapid growth, with volumes soaring roughly 10,950% in 2024. The exchange launched its derivatives platform in the U.S. in 2022, offering cryptocurrency futures, including nano Bitcoin and nano Ether contracts, to millions of users.
Crypto.com has renewed its partnership with Formula 1, extending the collaboration through 2030, marking a continuation of the relationship established in 2021. Over the course of their partnership, Formula 1 has grown to reach a cumulative TV audience of 1.5 billion and amassed 96 million social media followers, according to a company note. Meanwhile, Crypto.com has expanded its user base to over 100 million globally, more than ten times its size at the start of the partnership. Formula 1 has today announced that it is extending its relationship with @cryptocom through to 2030. For more information read here: https://t.co/mAFtsvGQyV pic.twitter.com/wARdUsedrc — F1 Media (@F1Media) December 19, 2024 You might also like: North Korean hackers stole $1.6b crypto this year The renewed deal emphasizes fan engagement, with Crypto.com planning to roll out exclusive experiences and activations at select Grands Prix. The brand will also continue its role as the Official Title Partner of the Formula 1 Crypto.com Miami Grand Prix, a position it has held since the event’s debut in 2022. “Formula 1 was one of our first global sports partnerships and a key driver in elevating Crypto.com to the most recognized crypto brand in the world,” said Steven Kalifowitz, Chief Marketing Officer of Crypto.com. On Dec. 17, Crypto.com sponsored the Crypto.com Showdown, a professional golf tournament held in Las Vegas. The event featured top PGA and LIV Golf players competing for a multimillion-dollar prize paid entirely in the platform’s native CRO ( CRO ) cryptocurrency. You might also like: ADA’s breakout imminent; New altcoin set to outshine XRP’s 2x surge
Crypto.com has renewed its partnership with Formula 1, extending the collaboration through 2030, marking a continuation of the relationship established in 2021. Over the course of their partnership, Formula 1 has grown to reach a cumulative TV audience of 1.5…