Author: John Smith
KULR Technology has invested $21 million in Bitcoin as part of its strategy to allocate 90% of surplus cash to the cryptocurrency. KULR, a U.S.-based company which specializes in thermal management solutions mainly for electronic components and batteries, has acquired 217.18 Bitcoin (BTC) for nearly $21 million as part of the company’s Bitcoin Treasury strategy. In a Thursday press release on Dec. 26, the San Diego-headquartered company said Bitcoins were purchased at an average price of $96,556.53 per BTC. Amid the news, KULR’s shares rose 3.51% on pre-market, per data from Nasdaq. The purchase follows the company’s earlier announcement of…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto world is abuzz with Rexas Finance, a rising star priced at just $0.15, predicted to skyrocket to $15 in the next ten weeks. The search for the next great investment possibility is never-ending in the always-changing realm of cryptocurrencies. Long praised as a blockchain innovator with high-speed transactions and scalability, Solana (SOL) has long been one of the best investments for now. However, seasoned investors and analysts have been interested in a rising star costing just $0.15.…
Meme coin prices crashed on Thursday, erasing most of the gains made during the Santa Claus rally on Christmas Eve. Fartcoin (FARTCOIN), one of the top meme coins in the Solana ecosystem, dropped by 16.8%, making it one of the biggest laggards. Floki (FLOKI) retreated by 4.5%, while Shiba Inu (SHIB) plummeted by 6.5%. Other top laggards in the meme coin industry were Brett, Mog Coin, and Popcat (POPCAT). PENGU was the only major meme coin in the green, rising by 6% as total sales jumped by 127% in the last 24 hours to $6.1 million. Meme coins crashed on…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Flockerz nears the end of its $7.7m presale, introducing a Vote-to-Earn DAO and staking rewards to engage and reward its community. The buzz around new meme coin Flockerz (FLOCK) is growing as its presale nears the finish line. With just 28 days now left before the presale concludes, the project has already raised an impressive $7.7 million. Now, the project is looking to secure exchange listings for FLOCK, hoping to continue the newfound momentum. Flockerz is developing the world’s…
Chainlink price retreated on Boxing Day even as whales accumulated the biggest oracle project in the crypto industry. Chainlink (LINK) retreated to $22.90, down by 12.45% from its highest level this week and by 26% from the year-to-date high. This decline happened as most cryptocurrencies crashed, with Bitcoin (BTC) falling to $95,000 and the market cap of all coins dropping to $3.3 trillion. As we have covered before, there are signs that whales have continued accumulating the LINK token. Data by Etherscan shows that one whale moved coins worth $1 million to a private wallet from Coinbase. Another investor made…
Ukraine is gearing up to block Russia’s use of Bitcoin and other cryptocurrencies in foreign trade, with sanctions already in the works. The government of Ukraine has unveiled plans to impose “sanctions and other solutions” aimed at blocking Russia‘s use of Bitcoin (BTC) for international payments, just a day after Russia’s finance minister Anton Siluanov publicly confirmed that Russian companies are already using crypto to evade Western sanctions. Vladyslav Vlasiuk, an advisor to the Ukrainian president, said that Ukraine had already alerted its international partners to Russia’s intentions earlier this year and that measures to prevent unwanted crypto payments are…
FTX exec Ryan Salame’s prison sentence has been shortened by over a year, with his new release date set for March 2031. Ryan Salame, a former top executive at the failed cryptocurrency exchange FTX, reported to federal prison in October to begin serving his 7.5-year sentence for his role in the collapse of Sam Bankman-Fried‘s multi-billion-dollar crypto empire. However, according to a Business Insider report, Salame’s release date has suddenly been moved up by more than a year. Federal Bureau of Prisons records show that Salame is now set to be released on March 1, 2031, just over a year…
The year 2024 has been filled with major milestones for Bitcoin, from reaching new all-time highs to several governments mulling a Bitcoin reserve. However, data reveals that there are less than 1.19 million BTC left to be mined. Unmined Bitcoin is becoming even more scarce in terms of remaining supply as more of the world begins to warm up to the idea of adopting Bitcoin (BTC) on a wider scale. Data from Clark Moody revealed that there were only 1,198,640.60 BTC left unmined by Dec. 26. Meanwhile, as much as 94.29% of Bitcoins had already been issued, with 220.32 BTC invalid for…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Catzilla roars into the spotlight as the ultimate meme coin hero, blending bold in anime flair and 700% presale ROI potential to dominate the crypto jungle. Investors are constantly seeking hidden gems in the crypto market. Four under-the-radar digital currencies have the potential to turn a modest $200 investment into half a million dollars. Among them, Catzilla is emerging as a standout contender, catching the eye of savvy enthusiasts eager to capitalize on the next big opportunity. Trump sparks…
French authorities are grappling with an alarming rise in crypto scams, which contribute to an estimated €500 million in annual losses. Financial scams continue to inflict heavy losses on French consumers, with the Paris Public Prosecutor’s Office estimating that victims lose at least €500 million each year. In a Thursday press release on Dec. 26, the Autorité des Marchés Financiers revealed that the average loss for victims of financial scams in 2024 was €29,000. Many of these scams have targeted crypto investors, with fraudsters using fake celebrity endorsements and investment platforms, the regulator said. “Fake videos and press articles are…