The excitement surrounding Shiba Inu (SHIB) continues to captivate investors with its potential for high returns, especially as the meme-coin narrative swells in 2024. With analysts projecting market rebounds and
BonkDAO plans to burn 1.6 trillion BONK tokens to increase scarcity. The community is actively participating in the BURNmas campaign. Continue Reading: BonkDAO Plans to Burn 1.6 Trillion BONK Tokens to Increase Scarcity The post BonkDAO Plans to Burn 1.6 Trillion BONK Tokens to Increase Scarcity appeared first on COINTURK NEWS .
Victoria, Seychelles, December 25th, 2024, Chainwire Bitget , the leading cryptocurrency exchange and Web3 company, has announced a special Christmas promotion in collaboration with DuitNow . The campaign, running from December 24, 2024, at 6:00 PM to January 7, 2025, at 6:00 PM (UTC+8), offers new users the opportunity to transfer assets with zero fees and compete for a shared prize pool of 50,000 BGB. Activity Overview This promotion is exclusively available for new users who have not previously made transactions through DuitNow. During the promotion period, participants can buy cryptocurrency assets in any amount using the third-party DuitNow payment method. Zero transaction fees are applicable until December 31, 2024, at 6:00 PM (UTC+8). Eligible users will receive 1 BGB for completing their first third-party transaction during this period. Promotion Details Eligibility : New users completing their first DuitNow transactions during the promotion period. Rewards : Zero fees on transactions until December 31 at 6:00 PM (UTC+8). A shared prize pool of 50,000 BGB to be distributed to eligible participants. Reward Distribution : Rewards will be distributed 15 days after the promotion concludes. Terms and Conditions Participants must register for the promotion through their main account using the provided registration button and complete identity verification . Only new users who make their first transactions through DuitNow are eligible. Bitget will disqualify users engaging in wash trading, bulk account registrations, self-dealing, or any actions suggestive of market manipulation. Bitget retains the right to amend, change, or cancel the promotion without prior notice and holds the final interpretation of the promotion terms. For further assistance, participants are encouraged to contact support@bitget.com . About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA , in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use . Contact Public Relations Media Bitget media@bitget.com
Victoria, Seychelles, December 25th, 2024, Chainwire Bitget , the leading cryptocurrency exchange and Web3 company, has announced a special Christmas promotion in collaboration with DuitNow . The campaign, running from December 24, 2024, at 6:00 PM to January 7, 2025, at 6:00 PM (UTC+8), offers new users the opportunity to transfer assets with zero fees and compete for a shared prize pool of 50,000 BGB. Activity Overview This promotion is exclusively available for new users who have not previously made transactions through DuitNow. During the promotion period, participants can buy cryptocurrency assets in any amount using the third-party DuitNow payment method. Zero transaction fees are applicable until December 31, 2024, at 6:00 PM (UTC+8). Eligible users will receive 1 BGB for completing their first third-party transaction during this period. Promotion Details Eligibility : New users completing their first DuitNow transactions during the promotion period. Rewards : Zero fees on transactions until December 31 at 6:00 PM (UTC+8). A shared prize pool of 50,000 BGB to be distributed to eligible participants. Reward Distribution : Rewards will be distributed 15 days after the promotion concludes. Terms and Conditions Participants must register for the promotion through their main account using the provided registration button and complete identity verification . Only new users who make their first transactions through DuitNow are eligible. Bitget will disqualify users engaging in wash trading, bulk account registrations, self-dealing, or any actions suggestive of market manipulation. Bitget retains the right to amend, change, or cancel the promotion without prior notice and holds the final interpretation of the promotion terms. For further assistance, participants are encouraged to contact support@bitget.com . About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA , in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use . Contact Public Relations Media Bitget media@bitget.com
TeraWulf is moving into AI by leasing data center space to Core42. This deal will help the company provide over 70 MW of power at its Lake Mariner facility. This shift from Bitcoin mining to AI will bring in more money and meet the growing need for energy-efficient infrastructure . TeraWulf Expands into AI Infrastructure TeraWulf Inc., mining company recently announced an expansion into artificial intelligence (AI) infrastructure. On December 23, the company revealed that it had signed agreements to lease data center space to Core42 which is an AI and cloud services provider. According to the deal, TeraWulf will provide over 70 megawatts (MW) of data center power at its Lake Mariner facility in Upstate New York. The infrastructure will also be rolled out in phases between the first and third quarters of 2025. These data centers will be set up to support Core42’s GPU clusters, using advanced Dell Integrated Rack Scalable Solutions. This partnership marks an important shift for TeraWulf, placing the company at the crossroads of two fast-growing industries: AI computing and Bitcoin mining. By leasing its data center space to Core42, TeraWulf is diversifying its sources of income and increasing its long-term earnings potential. The company has mainly focused on Bitcoin mining with sustainable operations and is now expanding into AI as a new business model. The increasing demand for efficient, scalable computing infrastructure in both AI and cryptocurrency sectors gives TeraWulf a great opportunity to benefit from these growing markets. TeraWulf’s CEO, Paul Prager , stressed how important this partnership is. He said it helps the company expand beyond Bitcoin mining and positions it as a leader in AI-driven computing. He pointed out that moving into AI will be a key factor for future growth, especially as the company continues to use mostly zero-carbon-powered infrastructure. This fits with TeraWulf’s larger goal of offering energy-efficient and scalable solutions to meet the growing demand for digital infrastructure. The data center lease agreement will provide TeraWulf with a steady and profitable income over time. The leases have two five-year renewal options and the chance to add 135 MW of power, which shows there is a lot of potential for growth. TeraWulf’s ability to quickly set up customized data centers also puts it in a good position to meet growing demand in both the AI and cryptocurrency sectors. TeraWulf’s move into AI comes at a time when Bitcoin mining is facing challenges. The cost of Bitcoin mining increases depending on several factors, such as electricity prices, hardware efficiency, and the mining space. Increase in Bitcoin Mining rates A recent report by CoinShares showed that the cost to mine a Bitcoin increased by 13%, reaching $55,950 in Q3 2024. This rise in costs has caused Bitcoin miners, including TeraWulf, to lose market share. Many are cutting back on mining to focus on AI projects, with some even buying Bitcoin directly instead of expanding their mining operations. TeraWulf’s move into AI-driven computing is part of a wider trend in the cryptocurrency mining industry, where companies are seeking new revenue sources due to rising costs. The company’s stock was affected by these challenges, with its price dropping 12.1% on December 23, reflecting broader market trends. However, TeraWulf has had a strong performance in 2024, with its stock price up by 152.6%, partly due to Bitcoin’s rise in value. As businesses and governments continue to seek AI solutions currently, the demand for this type of computing is expected to rise. TeraWulf’s focus on providing AI infrastructure powered mostly by zero-carbon energy gives it an edge in this market. TeraWulf’s partnership with Core42 is a smart move that sets the company up for long-term success in both AI and cryptocurrency. While it faces challenges in Bitcoin mining, its shift to AI-driven computing could help the company grow. With its focus on energy-efficient infrastructure, TeraWulf is well-placed to take advantage of the increasing demand for both AI and cryptocurrency services. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Here's what you need to know if you want to become a SHIB millionaire.
A widely followed crypto analyst is identifying the downside price target for smart contract platform Cardano ( ADA ) if it undergoes another correction. In a new video update, crypto strategist Benjamin Cowen tells his 849,000 YouTube subscribers that if the Federal Reserve doesn’t bring back quantitative easing (QE), then ADA could continue to slip. “There’s also a chance [ADA] could go lower, especially if it follows what it did last cycle… If it were to drop 56%, that would actually put you below $0.60, which is right where it went last time… There’s always a chance that it comes back down to [the $0.357 price level], because [Fed Chair Jerome] Powell just says ‘no QE, continue on playing in the sandbox and the cryptoverse and we’ll give you QE sometime later.’ There’s a chance that happens.” Quantitative easing is when a government’s central bank purchases financial assets to increase the money supply and stimulate economic activity. Cowen goes on to say that ADA’s technical indicators, such as its 20-week simple moving average (SMA) and 21-week exponential moving average (EMA), are lining up with the theory that the crypto asset could see another sizeable dip. “The other thing to look at is the bull market support band. The bull market support band for ADA to Bitcoin – you can see that first of all, it wicked below it [in mid 2023] but it had a weekly close right around the 20-week SMA. [Earlier this year] it was just above the 21-week EMA, so I would also keep an eye on that. The 20-week SMA for ADA is around $0.56 [and] the 21-week EMA is around $0.67, so that would also correspond to [a price tag of around $0.53].” ADA is trading for $0.89 at time of writing, a 3% increase during the last day. On December 2nd, it was valued at $1.21. 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 Here’s a Potential Downside Price Target for Cardano If ADA Sees New Correction, According to Benjamin Cowen appeared first on The Daily Hodl .
According to recent data from Santiment, the cryptocurrency landscape has witnessed a robust recovery leading into the holiday season. As of December 25th, the price of Bitcoin surged to an
Ethereum (ETH) has started to climb some levels after it fell to the $3,100 support zone last week. The second-largest cryptocurrency is attempting to break from its downtrend, with some market watchers suggesting it is poised for a massive run in 2025. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 Ethereum Key Levels To Reclaim With only a week left in 2024, several market watchers have started forecasting the crypto market’s potential performance for next year. Despite the recent pullbacks, several analysts have predicted a remarkable performance for Ethereum in 2025. The King of Altcoins has struggled to turn the $4,000 level into support. After breaking past this level earlier this month, ETH has been rejected from this price range three times. Its latest attempt occurred a week ago when Ethereum soared to $4,100 before retracing 7.3%. As Bitcoin (BTC) fell to $92,000, the second-largest crypto continued its freefall to the $3,100 support zone, reaching its lowest price in a month. Since then, Ethereum has hovered between $3,200 and $3,550 but failed to break past the price range’s higher zone for the past four days. However, the cryptocurrency has broken out of its downtrend line and is attempting to reclaim the $3,500 support. A crypto analyst noted that ETH appears to have broken and retested its one-week downtrend after reclaiming the $3,400 support. According to the post, a “clean breakout” of this downtrend could lead the cryptocurrency to a retest of higher levels. Ali Martinez highlighted that ETH’s next big support zone was between the $3,032 and $3,132 price range, with 4.85 million ETH bought by 3.69 million addresses. Meanwhile, Ethereum’s next big resistance wall is between $3,640 and $3,740, where over 2 million addresses bought around 4.3 million ETH. To Martinez, “a sustained close outside this no-trade zone will determine the direction of ETH’s trend.” Will ETH Follow 2021’s Performance? Analyst Ted Pillows pointed out that “the first four months after U.S. elections are often highly bullish for ETH.” Per the chart, Ethereum registered massive gains in the first third of the year after the 2016 and 2020 US elections. In 2017, Ethereum started the year with a 31.92% increase in the first month, while it recorded a 78.51% surge in January 2021. In both years, ETH hit its peak monthly performances between March and April, seeing 214% and 44% returns in 2017 and 2021, respectively. If Ethereum repeats this historical performance, its price could surge above its all-time high (ATH) of $4,878 in January and continue to climb during the rest of Q1. Crypto trader Immortal noted that Ethereum’s recent performance resembles its 2020-2021 price action. According to the chart, ETH saw a significant rise in early 2021 before consolidating in its new range. This was followed by a breakout and a massive drop to retest consolidation zone. Related Reading: Solana Recovery Momentum Set The Stage For $194 Resistance Breakout However, when ETH reclaimed its breakout levels in 2021, the cryptocurrency continued rallying toward its previous ATH of $4,300, eventually hitting its current ATH at the end of the year. The trader notes that ETH is retesting the consolidation range after last week’s dip, which signals that the cryptocurrency could soar in the coming weeks if it follows a similar path. As of this writing, Ethereum is trading at $3,501, a 6.3% increase in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com
According to the Hacken Web 3 Report 2024, Decentralized finance protocols’ losses have dropped considerably by 40% year-on-year. However, the same cannot be said for centralized finance protocols, whose losses have more than doubled in the past year. Hacken’s report shows that DeFi losses represented 20.4% of the total crypto hacks losses, while CeFi accounted for 30% in 2024. However, compared to last year, DeFi losses lessened by 40%, dropping from $787 million in losses to only $474 million in losses this year. CeFi losses skyrocket to $694M in 2024 CeFi losses grew dramatically, rising to $694 million from $339 million in 2023. The DMM Bitcoin hack in May 2024 stood out as the largest CeFi breach, with losses reaching approximately $305 million. About 4502.9 BTC was transferred to an unknown wallet, before being redistributed to other addresses. Another major CeFi hack, the WazirX hack, accounted for 42.8% of Q3 crypto losses, with nearly $240 million siphoned. An attacker breached their system, acquiring signatures from three WazirX signers and one from Liminal, enabling them to upgrade the wallet to a malicious contract and drain the funds. Despite the DeFi sector achievements, some protocols were still heavily affected by hackers’ exploits including Radiant Capital. The DeFi firm lost over $55 million after a hacker gained access to their system using some malware, manipulating legitimate transaction approvals, and bypassing the protections of hardware wallets. Over $1.7 billion was lost to access control exploits in 2024 Over $2.3 billion has been drained by hackers from the crypto space in 2024. Both the DeFi and CeFi sectors were heavily hit by access control vulnerabilities. Access control exploits accounted for 75% of all crypto hack losses and nearly half of all DeFi losses, draining more than $1.7 billion. In addition, phishing scams drained over $600 million in 2024. Most of them were a combination of inclusive celebrity-endorsed rug pulls and presale scams. Hacken’s report even highlights that hacks and breaches across crypto and metaverse platforms persisted into 2024, due to weaknesses in private key management systems, poor security measures, single-signature vulnerabilities, and insecure private key backups. From Zero to Web3 Pro: Your 90-Day Career Launch Plan