Cryptocurrency

‘Buying the top forever’ — MicroStrategy bags 21.5K Bitcoin at peak prices

December 9, 2024 Coin Telegraph

$100K

MicroStrategy keeps stacking Bitcoin despite BTC hitting all-time high prices, with its co-founder Michael Saylor confident that his company will still buy it at $1 million per coin.

MicroStrategy, one of the largest corporate holders of Bitcoin, continues stacking BTC despite the cryptocurrency surging to new all-time high prices above $100,000.

MicroStrategy acquired 21,550 BTC for $2.1 billion from Dec. 2–8 at an average price of $98,783 per BTC, the company officially announced on Dec. 9.

As of Dec. 8, MicroStrategy held a total of 423,650 BTC acquired for $25.6 billion at $60,324 per BTC, MicroStrategy co-founder and former CEO Michael Saylor said in a statement on X.

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

$100K Bitcoin price: From cypherpunk dream to financial mainstream

December 8, 2024 Coin Telegraph

Bitcoin

Crypto sees a historic moment as Bitcoin crosses the symbolic $100,000 threshold.

Once dismissed as a fringe asset of cypherpunks and tech enthusiasts, Bitcoin (BTC) has climbed through milestone after milestone, from $1 in 2011 to $1,000 in 2013, and now to the coveted six-figure mark in 2024.

Bitcoin’s latest ascent speaks to its evolution from a curious experiment to a legitimate global financial asset.

But the journey to $100,000 was far from a field of green candles. The cryptocurrency has been declared “dead” more times than one can count, yet it rose from its grave every time.

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

Morocco Cracks Down on Crypto Crime: 5 Arrested in Phishing Scam

December 7, 2024 Bitcoin.com

Africa

Moroccan authorities arrested five people suspected of running a cryptocurrency phishing scam. Email Phishing Scam Moroccan authorities have arrested and detained five individuals suspected of involvement in a cryptocurrency fraud operation. Police also recovered an unspecified amount of money allegedly linked to the scheme, as well as mobile devices used in the crimes. According to […]

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

Coinbase-Backed Yellow Card Seeks Nigerian License After South African Regulatory Win

December 6, 2024 Bitcoin.com

bitcoin.com

Yellow Card, an African stablecoin platform, is taking steps to secure a license from Nigeria’s Securities and Exchange Commission (SEC) after obtaining a Crypto Asset Service Provider (CASP) license in South Africa. The CASP license has enabled Yellow Card to operate within South Africa’s regulatory framework, marking a significant milestone in its expansion across Africa. […]

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

Expert: Crypto Market Fond of Round Figures, BTC Set for ‘Significant Price Correction’

December 6, 2024 Bitcoin.com

bitcoin.com

Bitcoin (BTC) recently hit a new high of $100,000, but some experts believe a correction is coming. Significant Bitcoin Price Correction Expected According to one expert, bitcoin (BTC), which has rallied since Donald Trump’s electoral victory on Nov. 5, recently broke through the $100,000 barrier partly because the “cryptocurrency market is fond of round figures.” […]

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

SEC defends amended suit against Binance, CZ over securities claims

December 5, 2024 Coin Telegraph

Binance

In the latest round of the SEC suit against Binance, Binance.US and CZ, the agency has largely repeated itself in a form more acceptable to the court.

The United States Securities and Exchange Commission (SEC) has responded to a motion for the dismissal of its amended suit against cryptocurrency exchanges Binance and Binance.US and former Binance CEO Changpeng Zhao alleging they operated an unregistered securities exchange. The allegation is based on the sale of ten cryptocurrencies on the secondary market intermediated with the exchange’s BNB coin.

The SEC filed an amended complaint after Judge Amy Berman Jackson in the US District Court for the District of Columbia questioned the reasoning in a complaint making the same allegations. The Binance exchanges and Zhao filed a motion for the dismissal of the complaint on Nov. 4.

The SEC’s Memorandum of Law opposing the motion to dismiss responds to their claim that the SEC complaint does not plausibly produce facts to satisfy the Howey test. The memorandum discusses each prong of the test and reiterates the SEC’s position on them.

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

Bitcoin price hits $100K for first time in history

December 5, 2024 Coin Telegraph

Bitcoin

Bitcoin has rallied 126% since January to reach $100,000, driven by Bitcoin ETF demand, April's halving and Donald Trump's US election win.

The price of Bitcoin reached $100,000 for the first time in history, marking a milestone for the cryptocurrency market after a year of significant growth.

Bitcoin (BTC) hit the $100,000 price mark on Dec. 5, breaking a psychological level just weeks after reaching the $90,000 milestone on Nov. 12, according to TradingView.

Bitcoin also set a new all-time high of $103,679 around 30 minutes after surpassing the $100,000 mark.

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

Crypto.com to launch Mastercard-powered card in Bahrain

December 4, 2024 Coin Telegraph

Bahrain

The new offering will be available across all Crypto.com card tiers with up to 8% rewards on spending.

Mastercard announced on Dec. 4 that it had issued a license to Hong Kong-based cryptocurrency exchange Crypto.com to begin offering its pre-paid payments card services on the Mastercard network in the Gulf Cooperation Council (GCC) region, beginning with Bahrain in January of 2025.

According to a blog post from Mastercard, once issued, cardholders will be able to fund their accounts via the Crypto.com app using e-money wallets or third party-issued credit and debit cards.

The card will be offered across all five Crypto.com card tiers, including its top-level “Black Obsidian” offering, with rewards of up to 8% and card payouts in US dollars.

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

Bitcoin range consolidation a ‘healthy next step’ before BTC attempt at $100K

December 4, 2024 Coin Telegraph

Bitcoin

Bitcoin price cooled off at the start of December, but several bullish catalysts support investors' belief that $100,000 BTC is around the corner.

Bitcoin’s price correction extended into a second day as BTC briefly slipped below $93,600 on Dec. 3, but data suggests that an assortment of market participants are keen to buy the dips.

While some traders may be revising their short-term targets and choosing to take profits, Bitcoin price appears to be consolidating by taking a breather after November’s stellar 37% gain.

After an unprecedented parabolic $26,000 gain in November to what some traders deem a psychological hurdle at the $100,000 mark, a period of consolidation where BTC can build some market structure in terms of a defined range with clear support and resistance levels would be a healthy next step.

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

Crypto phishing scams to rise during holiday shopping season — Cyvers

December 3, 2024 Coin Telegraph

Coin Telegraph

Losses to crypto phishing scams fell 53% in November, but the Christmas holiday shopping season presents new opportunities for hackers.

Cybersecurity experts have warned that crypto phishing attacks are anticipated to spike in December as scammers aim to capitalize on the Christmas holiday shopping season.

In November, over 9,200 cryptocurrency investors collectively lost $9.3 million to phishing scams, according to a Dec. 3 post from Scam Sniffer, a platform that monitors crypto scams.

“$9,380,000 stolen. 9,208 victims. November saw one victim lose $661,000 in stETH within minutes — and that’s just the tip of the iceberg,” the platform reported.

Share this video