The altcoins are deep in the red once again.

This decision comes as the Russian government cites concerns over excessive energy consumption. This is a growing issue in regions already struggling with energy infrastructure.

The crypto market does not seem to be recovering soon and investors are still waiting for the Santa Rally. The overall crypto cap has reached $3.32 trillion after falling 3.19% since yesterday. Ethereum has also suffered another hit of around 4% and is currently trading at $3,354.5.

The chief executive of Binance's Thai arm has encouraged the Bank of Thailand to consider former prime minister Thaksin Shinawatra's proposal for a pilot Bitcoin payment project so the nation does not get left behind.

The country's Finance Minister has confirmed the use of Bitcoin in international trade settlements. However, it is only using Bitcoins mined within the country for now.

Robert Kiyosaki, renowned financial motivator and author of the worldwide bestseller "Rich Dad Poor Dad," continues his recently accelerated Bitcoin (BTC) propaganda.

The Japanese government stated it has no plans to consider Bitcoin reserves. A Japanese lawmaker, Satoshi Hamada's efforts to create a reserve fund for Bitcoin went in vain.

During this festive Christmas season, the crypto market is buzzing with a notable surge of optimism. Data from the bitcoin derivatives market suggest a strong likelihood of seeing the queen of cryptos reach 105,000 dollars, driven by a persistent bullish sentiment and favorable technical indicators.

BTC is down 2% on a daily scale, with one element signaling that the pullback might intensify in the following days.

As 2024 draws to a close, this year's massive $305 million DMM Bitcoin leak is still generating panic in Japan. In an effort to tighten up internal auditing procedures for financial institutions, the country's regulator (FSA) will hold a roundtable in 2025 featuring participation from the Japan Virtual and Crypto assets Exchange Association (JVCEA).

Finding the right trading strategy isn't easy for everyone, especially when you're trading volatile cryptocurrencies like Bitcoin and Solana. Because if you make one wrong move, it's enough to wipe out your entire balance unless you have years of experience in the market.

Ethereum (ETH) price has dropped below multiple resistance following increased sell pressures. ETH price drop is linked to wider crypto outflows in the same time frame after Bitcoin slumped below the $100K mark.

Rune transactions on the Bitcoin network have recently hit a new historical low, representing only 1.67% of daily transactions. This figure marks a significant decrease compared to the period between April and November when Rune transactions often accounted for over 50% of daily transactions on the Bitcoin network.

Solana may be aping Bitcoin's price action as short-term risk bottoms ahead of a rally.

During recent price slides, crypto entrepreneur Justin Sun has restated his bullish grip on Ethereum (ETH). The Tron Network executive has driven several reactions from the community due to on-chain digital asset movements and partnerships to drive wider adoption.

Solana (SOL) has recorded massive inflows, turning the tide after days in the doldrums. The community dubbed ETH killer picked up gains in price and on-chain activity alongside other altcoins.

DMM Bitcoin, a cryptocurrency exchange in Japan, faced a massive security breach in May 2023, when North Korean hackers stole 4,500 Bitcoins, worth about $320 million at the time. It hugely impacted the firm's operation and despite several attempts to recover the funds DMM Bitcoin failed to restore their customer money.

Bitcoin stabilizes near $98,000 amid Russia's adoption of BTC for trade and MicroStrategy's continued Bitcoin accumulation, signaling bullish momentum. The post Bitcoin Price Holds Steady Near $98,000 as Russia Embraces BTC for Trade and MicroStrategy Expands Holdings appeared first on Cryptonews.

Bitcoin reserves on Binance have hit their lowest levels since January 2024, drawing comparisons to a previous rally that saw Bitcoin's price surge 90% by March.

The government of Japan has officially responded to Senator Hamada, stating that it has no intention of adopting Bitcoin as part of its foreign exchange reserves due to a lack of understanding and concerns about volatility.

Retail bullish narratives are too strong for the moment.

Thailand made significant progress in the crypto sector in 2024 with the launch of its Digital Asset Regulatory Sandbox. Recently, former Prime Minister Thaksin Shinawatra proposed using Bitcoin to make tourism payments in the country.

Distressed customers of DMM will not have to create new accounts on SBI VC Trade. DMM crypto services were disrupted after a $320 million hack, which has recently been attributed to North Korean hackers.

What's Russia's endgame for crypto amidst the world's Bitcoin reserve plans?

Russian firms are leveraging Bitcoin and digital currencies for international trade amidst sanctions.

The crypto market today has shown a slight decline in its valuation over the past 24 hours, with its market capitalization taking a fall of 0.79% to $3.4 trillion. This was accompanied by the trade volumes taking a shot of 11.80% to $118.37 billion. While the business incurred significant losses, the sentiments remained unaffected.

Binance Thai arm has called for the Bank of Thailand's oversight, emphasizing that the nation “must not be left behind.” The post Thailand Mulls Bitcoin Pilot Project, Binance to Endorse appeared first on Cryptonews.

Six Bitcoin-tracking funds are set to launch in Israel next week, marking a major development in the nation's cryptocurrency investment landscape. The funds, approved by the Israel Securities Authority, will begin trading on December 31 and will be accessible through banks and investment firms.

Bitcoin's journey from a niche digital currency to a global financial asset has been nothing short of remarkable. But could its value climb to an astonishing $500,000?

The Japanese Prime Minister said it is “difficult for the government to express its views” on implementing a Bitcoin strategic reserve.

Bitcoin investors and traders are always trying to perfectly time the market movement, however it is not possible for all. The reason? Understanding and deciphering the market sentiments. Though there are many indicators that help in predicting the movement, most of them are delayed, that is why they are called lagging indicators.

SBI VC Trade has taken over the assets of the hacked cryptocurrency exchange DMM Bitcoin, with plans to open accounts for DMM customers by March 2025. The post SBI VC Trade Acquires Assets of Hacked DMM Bitcoin Exchange, Customer Accounts to Open by March appeared first on Cryptonews.

The Japanese government is reportedly not ready to embrace the idea of adopting Bitcoin as a reserve currency.

On Thursday, Bitcoin rose as MicroStrategy announced it plans to sell more of its shares to amass new funds and spend more on digital currency. According to a recent Bloomberg report, the world's largest cryptocurrency was up 0.32% to $98,747 at 11:30 in Singapore, with an initial intraday peak of $99,876.70.

Ripple partner SBI Holdings' arm has recently seized an important deal with hacked crypto exchange DMM Bitcoin, to help its users recover funds. SBI VC Trade said that the exchange's customers will have their accounts ready by March 2025 following the transfer of custody assets.

Bitcoin's year-end rise to $100K has created a huge storm in the earlier stagnant market. With massive potential, the countries globally are planning to tap this trillion-dollar industry to support their economy.

The government of Japan has clarified its unwillingness to include Bitcoin in its foreign exchange reserves in response to Hamada Satoshi's question. According to a report by Coinpost, Prime Minister Ishiba Shigeru issued an official statement on 20th December in response to Senator (Rassho) Hamada Satoshi's question.

Japan stays cautious on Bitcoin as a reserve asset, citing volatility and legal constraints. PM Ishiba emphasizes the need for safety and liquidity in foreign exchange reserves. The post Japan Cautious on National Bitcoin Reserve, Citing Volatility and Foreign Exchange Rules appeared first on Cryptonews.

Digital assets are overseen by the Securities and Exchange Commission in Thailand. The Thai central bank still forbids crypto payments, despite lobbying from businesses and politicians.

Israel's securities regulator granted approval for six investment houses to launch hedge funds tracking Bitcoin's (CRYPTO: BTC) price on New Year's Eve, local media reported Wednesday. What Happened: The funds are all set to launch on Dec. 31, the last trading day of the year, after getting the regulatory go-ahead from the Israel Securities Authority, according to financial news platform Calcalist and Globes.

Russia is embracing bitcoin for international trade to bypass Western sanctions, signaling a strategic shift toward digital currencies to counter economic isolation and strengthen global partnerships.

A lesser-known crypto firm has bet on Bitcoin to hedge against CAD depreciation.

Runes transactions on the Bitcoin network have dropped to 1.67% of daily activity, down from over 50% earlier this year, with daily fees falling below $250,000.

Ethereum price started a decent increase above the $3,350 resistance. ETH is now recovering some losses and might gain pace if it clears the $3,550 resistance.

Crypto prices today are showcasing a bullish trend as Bitcoin (BTC) touched $99,000, recovering from a low of $92,000. Major altcoins are also exhibiting positive momentum.

Thailand is considering a Bitcoin payment pilot project integrated into Phuket's tourism sector to attract tech-savvy visitors.

Bitcoin price started a decent increase above the $96,000 level. BTC might continue to rise if it clears the $100,00 resistance zone.

Bitcoin could hit $500,000 if governments consider strategic reserves, with mounting demand from ETFs, corporations, and institutions outpacing limited supply, driving prices sharply higher.