132 days ago

Putin Signs Law to Regulate Crypto Mining in Russia

Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for mining operations, limiting participation from entities associated with electricity and prohibiting the promotion of cryptocurrencies. It also allows the circulation of mined cryptocurrency

Bitcoin.com

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Source: Bitcoin.com

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Whale Recovers $1.53 Million In PEPE Trades After Months Of Losses

A whale who lost $1.53 million trading PEPE earlier this year has made a remarkable comeback. Over the past nine months, the trader accumulated a staggering 1.42 trillion PEPE at an average price of $0.000009387. However, the whale sold off 650 billion PEPE at a loss. 今年八月交易 $PEPE 亏损 153 万美金的巨鲸终于扳回一城了过去九个月内他以均价 $0.000009387 建仓了 1.42 万亿枚 PEPE，其中 6500 亿枚已割肉卖出；四小时前又以均价 $0.00002258 充值了 3000 亿枚 PEPE，若卖出将获利 396 万美金，成功弥补此前的亏损剩余 2633 亿枚仍浮盈 338… https://t.co/n4iGjMjOt2 pic.twitter.com/6RiE3bK6wL — Ai 姨 (@ai_9684xtpa) December 18, 2024 On December 18, the trader re-entered the market, purchasing an additional 300 billion PEPE at $0.00002258 each. If sold at today’s price, the whale would net a profit of $3.96 million, successfully covering the previous losses. Just nine hours ago, this whale liquidated its PEPE holdings during a market dip, selling off the remaining 263.3 billion PEPE at $0.00001804 per token. These holdings are now worth $4.75 million, and if sold, the whale could secure a profit of $2.28 million. 更新：这位巨鲸 9 小时前大盘暴跌时清仓 PEPE 了最后剩余的 2633 亿枚 PEPE 在 $0.00001804 充值进了 #Kraken ，价值 475 万美金，若卖出将获利 228 万美金至此长达九个月的 PEPE 持仓已全部卖出，共获利 624 万美金；真在哪里跌到，就在哪里爬起来了下次再写这个地址，就得改 title 了哈哈 pic.twitter.com/H36PkZmWz0 — Ai 姨 (@ai_9684xtpa) December 20, 2024 In total, after nine months of ups and downs, the whale has sold all of its PEPE position, earning a total profit of $6.24 million. Despite the earlier losses, the savvy trader’s strategic moves have paid off, illustrating the volatile yet rewarding nature of the crypto market. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Bitcoin.com

$A widely followed crypto analyst is issuing a new warning about the digital asset market during the final days of the year. The pseudonymous analyst known as Altcoin Sherpa tells his 234,800 followers on the social media platform X that the crypto market may experience wild price swings to close out December. However, the analyst predicts markets may rally in January based on historical precedence. “We probably get one-plus more flushes before the year’s end, but keep your eye on the prize and manage yourself through the volatility. January is historically a great month for crypto. In my opinion, sell bags you don’t like as much for cash and save that to deploy on bags you do like.” The analyst also says that some crypto projects are showing strength amid the broad market sell-off such as decentralized finance protocol Usual ( USUAL ). “One note on the USUAL chart: if you see a coin standing out above the rest amidst insane market volatility, it’s usually a sign that this is a very good coin. This one didn’t budge when everything was down 20%. I added more on this dip and will add even more if it goes further… I bought anywhere from like $1.08-$1.20 and I’ll continue adding. This one is a winner in my opinion. Hits a bunch of narratives, and I think that this one still outperforms a bunch of others.” Source: Altcoin Sherpa/X USUAL is trading for $1.25 at time of writing, down over 13% in the last 24 hours. Next up, the analyst suggests that Bitcoin ( BTC ) may soon hit a local market bottom after collapsing below $100,000 this week. “We’re getting close. I think that BTC should be finding a relative bottom very shortly, expecting a bit more downside and then some sort of reversal. Not sure if this is ‘the’ bottom but yeah, let’s see.” Source: Altcoin Sherpa/X Looking at his chart, the trader suggests that Bitcoin could decline to $90,911 on the four-hour chart before reversing. Bitcoin is trading for $97,325 at time of writing, a fractional increase in the last 24 hours. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Issues Crypto Market Alert, Warns One or More Flushes Incoming Before End of Year – Here’s His Outlook appeared first on The Daily Hodl .$

Trader Issues Crypto Market Alert, Warns One or More Flushes Incoming Before End of Year – Here’s His Outlook

A widely followed crypto analyst is issuing a new warning about the digital asset market during the final days of the year. The pseudonymous analyst known as Altcoin Sherpa tells his 234,800 followers on the social media platform X that the crypto market may experience wild price swings to close out December. However, the analyst predicts markets may rally in January based on historical precedence. “We probably get one-plus more flushes before the year’s end, but keep your eye on the prize and manage yourself through the volatility. January is historically a great month for crypto. In my opinion, sell bags you don’t like as much for cash and save that to deploy on bags you do like.” The analyst also says that some crypto projects are showing strength amid the broad market sell-off such as decentralized finance protocol Usual ( USUAL ). “One note on the USUAL chart: if you see a coin standing out above the rest amidst insane market volatility, it’s usually a sign that this is a very good coin. This one didn’t budge when everything was down 20%. I added more on this dip and will add even more if it goes further… I bought anywhere from like $1.08-$1.20 and I’ll continue adding. This one is a winner in my opinion. Hits a bunch of narratives, and I think that this one still outperforms a bunch of others.” Source: Altcoin Sherpa/X USUAL is trading for $1.25 at time of writing, down over 13% in the last 24 hours. Next up, the analyst suggests that Bitcoin ( BTC ) may soon hit a local market bottom after collapsing below $100,000 this week. “We’re getting close. I think that BTC should be finding a relative bottom very shortly, expecting a bit more downside and then some sort of reversal. Not sure if this is ‘the’ bottom but yeah, let’s see.” Source: Altcoin Sherpa/X Looking at his chart, the trader suggests that Bitcoin could decline to $90,911 on the four-hour chart before reversing. Bitcoin is trading for $97,325 at time of writing, a fractional increase in the last 24 hours. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Issues Crypto Market Alert, Warns One or More Flushes Incoming Before End of Year – Here’s His Outlook appeared first on The Daily Hodl . Bitcoin.com