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news-imageDecember 14, 2024

What Happened in Crypto Market This Week? Bitcoin, Ethereum, and More

This is a very short and simple update on what we have witnessed this week in the cryptocurrency market. Staying up-to-date with the latest developments in the market is essential for making better decisions. Let's analyse the market. Ready? Dive in! US Market Weekly Update This week, the S&P 500 index stands at $6,051.
Publisher: CoinPedia
Sentiment: Neutral
BTC
ETH

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cover-imageThe Currency Analytics
December 14, 2024

2025 to Be a ‘Big Year' for Bitcoin, Says Pantera Capital Founder

Dan Morehead, the founder and managing partner of Pantera Capital, a leading hedge fund focused on cryptocurrency, has forecasted that 2025 will be a monumental year for Bitcoin. Speaking in a recent CNBC interview, Morehead emphasized his bullish outlook for Bitcoin, pointing to the increasing clarity around regulations and growing institutional interest as key drivers behind Bitcoin's continued ascent.

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cover-imageThe Currency Analytics
December 14, 2024

Ledger Faces Backlash After $2.5M in Bitcoin and NFTs Stolen

Ledger, a leading provider of hardware wallets designed for securely storing cryptocurrency, is facing intense scrutiny following reports that a user lost $2.5 million worth of digital assets due to a security breach involving their Ledger Nano S device. The incident, which involved 10 Bitcoin valued at around $1 million and NFTs worth an additional $1.5 million, has raised serious questions about the security measures in place for hardware wallets, widely regarded as one of the safest methods for protecting cryptocurrencies.

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cover-imageCoinPedia
December 14, 2024

Japan's National Diet Bitcoin Reserve Proposal: A New Chapter in Crypto Adoption

The political sentiment of the United States towards the cryptocurrency industry has turned encouraging, since pro-Crypto candidate Donald Trump won the US presidential election, defeating Kamala Harris, who represented a crypto-skeptic regime. The country is expected to establish a Bitcoin reserve as soon as Trump assumes the seat of power in late January, 2025.

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cover-imageBitcoinist
December 14, 2024

Ethereum Set For A Parabolic Surge? Here's What Crypto Experts Say

Despite surging more than 65% on a year-to-date (YTD) basis, Ethereum (ETH) has been overshadowed by Bitcoin (BTC) and other cryptocurrencies like Solana (SOL) and XRP due to their extraordinary price gains throughout 2024. Analysts are increasingly bullish on ETH, projecting five-figure price targets for the second-largest cryptocurrency.

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cover-imageThe Currency Analytics
December 14, 2024

Vancouver Explores Bitcoin Integration with City Council Motion

The motion, introduced by Mayor Ken Sim, was passed at the December 11, 2024 Standing Committee meeting and directs city staff to investigate the feasibility of accepting Bitcoin for taxes and fees, as well as potentially incorporating Bitcoin into the city's financial reserves.

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