Author: Timmy Grimberg

Bitcoin has seen continuous bullish momentum in recent weeks resulting in the asset’s consistent new highs. According to recent analysis, this momentum appears to not just be random as it comes amid major moves behind the scenes. Particularly, recent data indicates that Bitcoin reserves have dropped to a historic low of 2.4 million, signaling a “supply shock” that has coincided with a surge in Bitcoin’s price. This reduction in exchange reserves, coupled with strong demand, has created a bullish environment that could set the stage for further price increases. A Supply Shock In The Making A CryptoQuant analyst known as…

Join Our Telegram channel to stay up to date on breaking news coverage The Solaxy (SOLX) token presale is selling like hotcakes, raising $2.2 million in just its first four days at a run rate exceeding $500k a day. Solaxy is building a Solana Layer 2 protocol that bears down on the congestion and failed transactions impacting the performance of one of the largest blockchains in the industry. Investors like what they see. Soon, thanks to Solaxy, the issues that are limiting Solana’s ability to fully realize its scalability potential could be a thing of the past. $SOLX token is…

The Eigen Foundation has committed 1% of its EIGEN token supply to the Protocol Guild, a group dedicated to Ethereum Layer-1 research and development.According to CryptoSlate data, the EIGEN token has a total supply exceeding 1.6 billion. With this pledge, the Protocol Guild could receive up to 16 million EIGEN tokens, valued at approximately $80 million.The Eigen Foundation stated that the transaction for this pledge will be executed soon.Supporting Ethereum developmentIn a Dec. 13 post on X (formerly Twitter), the Foundation explained that the pledge reinforces its goal of supporting the Ethereum ecosystem’s growth and sustainability through funding the Guild.The…

. In the dynamic world of cryptocurrency, where meme coins have carved out a significant niche, Floki, the popular meme coin project, has just announced a groundbreaking collaboration with Binance, the global crypto exchange behemoth. This partnership will enable Floki token holders to receive a highly anticipated airdrop of Simon’s Cat tokens directly into their Binance accounts. The news, which was shared in a recent blog post by the Floki team, has generated considerable excitement within the crypto community. The airdrop, scheduled for August 29, 2024, will see Binance taking a snapshot of FLOKI holdings on its platform, with eligible…

Company Name: GridlessFounders: Janet Maingi, Erik Hersman and Philip WaltonDate Founded: August 2022Location of Headquarters: United States | Operations in Kenya, Malawi and ZambiaNumber of Employees: 10Website: https://gridlesscompute.com/Public or Private? PrivateGridless doesn’t just mine bitcoin — it helps to facilitate the electrification of rural Africa, which is notably improving the lives of those who previously either didn’t have access to power or couldn’t afford it.Gridless’ co-founder Janet Maingi explained to Bitcoin Magazine how the company’s facilities, which are based in Kenya, Malawi and Zambia, have a win-win-win effect for the company itself, the Bitcoin network and the communities that benefit…

VanEck projected significant developments for the crypto industry in 2025, ranging from a dual-peaked bull market to the US adopting Bitcoin as a strategic reserve asset.The firm’s 2025 predictions report envisions milestones that could redefine the role of digital assets in global finance, driven by regulatory clarity and institutional momentum.Bull market peaks and strategic US adoptionVanEck forecasts a dual-peaked bull market, with Bitcoin (BTC) and Ethereum (ETH) reaching new highs in the first quarter before a mid-year consolidation. Additionally, a recovery in the fourth quarter is expected to drive both assets past their earlier peaks.The firm anticipates Bitcoin hitting $180,000,…

EthStorage, a top entity providing scalable blockchain storage services, has announced an exclusive collaboration with QuarkChain. The partnership aims to unveil “Super World Computer”, a groundbreaking platform integrating scalable storage and advanced multi-chain technology to drive decentralized AI innovation. The platform disclosed this collaboration on social media. Happy to work with @Quark_Chain together to launch the Super World Computer – a fully decentralized Layer 2 blockchain designed for decentralized AI applications with unmatched scalability and security! 🚀As a L3 we provide scalable, cost-efficient, and long-term on-chain… pic.twitter.com/v59HeuELNp— EthStorage (@EthStorage) December 18, 2024 EthStorage Unveils Super World Computer in Collaboration with…

A top Russian official has declared plans for a BRICS payment system “not hypothetical,” signaling a shift toward reducing reliance on the dollar through alternative financial mechanisms. A New Era? Russia Claims Feasibility of BRICS Payment Network Russian Deputy Foreign Minister Sergey Ryabkov has affirmed that plans to establish a BRICS payment system are tangible […]

Join Our Telegram channel to stay up to date on breaking news coverage Hedera  (HBAR) has shown impressive growth, climbing 130% in the past month to reach $0.30. Its enterprise-grade blockchain and partnerships with giants like Google and IBM fuel market confidence. As momentum builds, HBAR eyes a potential rally toward its recent high of $0.39. HBAR Key Statistics Current Price: $0.30 Market Cap: $11.6 billion Trading Volume (24h): $1.51 billion Circulating Supply: 38.2 billion HBAR Total Supply: 50 billion HBAR CoinMarketCap Ranking: #18 HBAR has gained 2.93% over the past 7 days, showcasing steady growth. In the last month…

Ripple will launch its US dollar-pegged stablecoin, Ripple USD (RLUSD), on Dec. 17 on the XRP Ledger and Ethereum.According to the Dec. 16 announcement, each RLUSD token will be fully backed by US dollar deposits, government bonds, and cash equivalents.The stablecoin will initially be available on Uphold, Bitso, MoonPay, Archax, and CoinMENA. In the coming weeks, the firm plans to expand to prominent platforms like Bullish, Bitstamp, and Mercado Bitcoin. Additionally, Ripple will provide monthly third-party attestations of RLUSD’s reserves, which will be audited by an independent firm.Ripple CEO Brad Garlinghouse said the company is launching to launch RLUSD under the…