December, 2024

December, 2024

Exxon Plans to Sell Electricity to Data Centers
The country’s largest oil company is designing a natural gas power plant outfitted with carbon capture technology to meet the voracious power demand of technology companies....

DTX Exchange Crosses 300,000 Wallets While Cardano and Polkadot Retrace Gains
Among the many practical products launched in the market, DTX Exchange’s secure Phoenix Wallet has been a breakthrough above all. Its secure asset management opens new avenues of security for retail...

PEPE Spikes Memecoin Market While New AI Crypto JetBolt Soars
The AI crypto narrative gave rise to one of the hottest sectors in the past year, with AI-adjacent cryptocurrencies peaking throughout 2023 and early 2024. That isn’t about to change when the next b...

Bitcoin velocity hits 12-year low as institutional demand drives up price
Velocity measures how frequently Bitcoin moves within a given period. It’s calculated by dividing the total transaction value by the average supply of Bitcoin. Higher velocity indicates heavier Bitc...

Bitcoin steadies below $99,000 as US inflation data meets expectations
Bitcoin traded near $98,000 Wednesday after US November inflation data aligned with forecasts. The annual inflation rate reached 2.7%, matching consensus up 0.1%, while core inflation held at 3.3%, ac...

Crypto user loses $7.8 million in SolvBTC as phishing scams surge on social media
A phishing attack resulted in a crypto user losing $7.8 million worth of SolvBTC, a wrapped Bitcoin product created by Solv Protocol. On Dec. 11, blockchain security firm Scam Sniffer highlighted the ...

FTX recovers $14.5 million through political donation settlements
FTX debtors secured approximately $14.5 million in November through small claim settlements, primarily from political donations, according to a Dec. 10 court filing. The recovered funds included $6 mi...

Bitcoin deserves to be $870k with gold parity according to former Binance CEO Changpeng Zhao
At Bitcoin MENA 2024, Binance CEO Changpeng Zhao said Bitcoin could surpass gold’s market capitalization. Speaking in an interview during the event, Zhao said gold’s supply is hard to determine, w...

Layer-2 Project Using Facebook’s Move Language Rallies Hard as Coinbase Adds Trading Support
One new layer-2 Ethereum (ETH)-based altcoin jumped by triple digits as top US crypto exchange Coinbase added trading support for the asset. Movement (MOVE) soared to a high of $1.45 Monday, a gain of...

Apple Marries Siri to ChatGPT in Latest AI Update
ChatGPT, meet Siri. Siri, meet ChatGPT. Apple integrated its voice assistant, standard with its iPhone and other devices, with OpenAI’s artificial intelligence, part of a series of updates announced...

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March