Are XRP and SOL set to outpace Bitcoin in January 2025 as market dynamics shift?
ZachXBT says a hacker has breached 15 crypto-focused X accounts to share scam memecoins that have netted the attacker around $500,000.
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