Cango plans to further expand its operations with an additional 18 EH/s from Golden TechGen in a deal valued at $144 million. Shanghai-based car dealership Cango Inc. has pivoted to Bitcoin (BTC) mining, announcing a $256 million acquisition of 32 exahashes per second (EH/s) in hashrate from Bitmain Technologies. In...
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Pepe Pumps 23% as Crypto Prices Recover, Wall Street Pepe Could be the Next Crypto to Explode
The crypto market is recovering, up by a total of 6.34% over the last 24 hours to a total market cap of $3.53 trillion. With this, investors are anticipating another bull run, and with the total market growing at a higher rate than Bitcoin, we might be in for an...
Pengu, Bonk Lead Top Meme Coin Gainers as Some Analysts Think Solaxy and Flockerz are Next to Pump
It’s been a wild week in the crypto market, with Bitcoin grabbing headlines as it soared to a new all-time high of $108,268 before crashing back under $100k. Meanwhile, meme coins have followed suit, with majors like Dogecoin climbing over $0.41 before falling to $0.325 today. Behind the volatility in...
Nigeria Arrests 792 in Landmark Crypto-Romance Scam Raid
Investigators uncovered an organized network where foreigners collaborated with Nigerian recruits to carry out romance and investment scams. Nigeria’s Economic and Financial Crimes Commission (EFCC) on December 10 arrested 792 people linked to a massive crypto-romance scam operating out of Lagos. The suspects, who included 148 Chinese, 40 Filipinos, and...
Ethereum Price Analysis: Following a 15% Weekly Crash, What’s Next for ETH?
Ethereum has once again failed to reclaim the critical $4K resistance level, leading to a notable decline in price. However, the cryptocurrency has now reached a significant support zone, where a rebound followed by consolidation is anticipated. Technical Analysis By Shayan The Daily Chart Ethereum’s $4K price region has proven...
Bitcoin Price Analysis: Is BTC In Danger of Falling to $80,000 Soon?
Bitcoin’s price shows some worrying signs suggesting that a deeper correction is bound to occur, as the price has failed to hold the $100K level. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has been gradually rising over the last few weeks, creating...
NFT Gaming Project CyberKongz Receives Wells Notice from SEC
The gaming project is disputing the SEC's claims and is calling for clearer regulations in the NFT sector. CyberKongz, a gaming-based NFT project, announced on December 16 that it has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). The notice raises concerns about the platform’s integration...
This is How Much Crypto Users Grew in 2024, According to Flipside’s On-Chain Analysis
Some coins saw major growth in 2024, but this was not reflected in the number of acquired users in their networks, underscoring the need for quality user activity. The crypto industry grew remarkably in 2024 amid rising coin prices, but the same cannot be said for on-chain users across most...
Ripple, Dogecoin Whales Bought the Dip as XRP, DOGE Prices Soar
DOGE dumped under $0.27 and XRP went below $2 during the correction. TL:DR; Investors with lots of conviction for certain assets tend to utilize deep corrections to stack more of those coins, and this seems to be the case in regards to the two of the largest cryptocurrencies – DOGE...
This Meme Coin Jumps by 50% Following Further Support From Binance
The exchange listed CAT with a seed tag. TL;DR Binance expanded support for Simon’s Cat (CAT) by including it in multiple trading programs. The token reacted to the news with a rapid price increase. The Binance-Fueled Pump The world’s biggest cryptocurrency exchange recently added further support for the meme coin...
