Why is Cardano price up today?

The price of Cardano (ADA) jumped over 19% to $0.64 on Dec. 9, its highest level in 18 months. It’s up 75% in December alone. 

ADA/USD daily price chart. Source: TradingViewWhy is ADA price up? 

Cardano’s recent gains did not accompany any groundbreaking fundamentals. Instead, they appeared on the cryptocurrency market catching up to Bitcoin (BTC) this month.

Notably, Bitcoin’s crypto market dominance has declined 3.5% from its Dec. 6 local peak, indicating that many traders have been rotating capital out of the Bitcoin market to seek profit opportunities in altcoins. That has benefited Cardano, whose market share has jumped over 46% since Dec. 6.

ADA’s crypto market dominance daily… Read more on Cointelegraph

Funding Wrap: Bitcoin, Ethereum-based projects see fresh capital

Developers working with the two largest cryptocurrencies capitalized on early bull market intrigue.

Recently, there has been a notable increase in funding interest towards bitcoin mining companies. However, this week’s most substantial investment influx was directed at projects developing practical applications for the cryptocurrency.

In a parallel trend, various projects focused on scaling Ethereum have also secured considerable support recently. This surge in investment comes as the network gears up for its anticipated Dencun upgrade, scheduled for next year.

Babylon raised $18 million in a Series A led by Polychain and Hack VC. The company focuses on a unique protocol that allows…

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LATEST: Global Investment Manager VanEck Files 5th Amendment in ‘HODL’ Bitcoin ETF Saga

Leading investment management firm shakes up the cryptocurrency market by filing a unique spot Bitcoin ETF application with the SEC, aiming to list under the catchy ticker symbol “HODL”. This move, appealing to the crypto-savvy generation while playfully nudging traditional investors, marks a stark contrast to the conventional approaches of giants like BlackRock and Fidelity. Amidst a competitive race with firms like Valkyrie and Franklin Templeton for SEC approval, VanEck’s strategy blends financial innovation with a cultural nod, stirring interest and debate across generations and investment circles.

Bitcoin dominance threatens ‘likely top’ despite BTC price eyeing $45K

Bitcoin (BTC) risks “rolling over” to cancel its latest uptrend, new analysis warns as altcoins surge.

In a post on X (formerly Twitter) on Dec. 9, popular analyst and social media commentator Matthew Hyland flipped cautious on BTC price action.

Bitcoin dominance risks violating key level

Bitcoin bulls kept momentum hot into the end of the week’s Wall Street trading — BTC/USD sealed new 19-month highs of $44,729 on Bitstamp on Dec. 8.

Data from Cointelegraph Markets Pro and TradingView tracked a subsequent return below the $44,000 mark, with Bitcoin cementing itself in an intraday range.

BTC/USD 1-hour chart. Source: TradingView

For Hyland, however, there are more sinister signs that…

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Block Opens Up Preorder of BitKey Hardware Wallet Globally

Block, under the guidance of Jack Dorsey, has recently caught the attention of bitcoiners with the introduction of Bitkey, a hardware wallet designed for Bitcoin storage. Now, the company has announced the availability of Bitkey for preorders in over 95 countries, marking a significant step towards global accessibility. Priced at $150 in the U.S., this hardware wallet package includes the device itself, a charging cable, a user-friendly mobile app, and essential recovery tools.

Related reading: The Block Kicks off New BitKey Wallet’s Beta Testing

Bitkey: Emphasizing Security and Accessibility

The initial revelation of Bitkey occurred in March 2022. The Bitkey wallet…

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VanEck | Bitcoin ETF | $2.4B Funds Inflow

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$1M in BTC or USDT: El Salvador Launches Investment Visa Program

El Salvador has recently unveiled an ambitious citizenship-by-investment project, opening doors for 1,000 people willing to invest $1 million in Bitcoin or Tether in the country. The new El Salvador visa program is the result of the government’s collaboration with the stablecoin issuer Tether, in a move to initiate “Adopting El Salvador Freedom Visa” Program.

On December 7, Tether announced the citizenship-by-investment program, attracting high-net-worth individuals by offering residency visas and a pathway to citizenship in exchange for a $1 million investment in Bitcoin or Tether. The program, limited to 1,000 participants annually, requires a nonrefundable $999 deposit credited…

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How blockchain transforms Christmas giving


Blockchain technology in Christmas giving

From enhancing transparency and trust in charitable donations to introducing the concept of tokenized gifts, blockchain is infusing a new spirit into the season. 

As the festive lights begin to twinkle and the scent of pine fills the air, the season of giving takes center stage. The tradition of exchanging gifts during Christmas has long been a symbol of love, compassion and generosity. However, in the digital age, this age-old practice is already undergoing a profound transformation, thanks to the integration of cutting-edge tech like blockchain. 

Blockchain, the decentralized and transparent…

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FTX and Alameda move $23.59M in assets to Binance, Coinbase, OKX

In four days, wallets linked to defunct crypto trading firms FTX and Alameda Research moved $23.59 million worth of digital assets to top cryptocurrency exchanges.

Blockchain analytics firm Spot On Chain identified the movement, estimating that the defunct entities have transferred $591 million since Oct. 24 using 59 different cryptocurrency tokens.

The wallets linked to FTX spread the latest transfer of $23.59 million across 19 tokens: 3,150 ETH  valued at $6.8 million, 59.6 million ALEPH (ALEPH) worth $6.41 million, $2.48 million in Curve (CRV), $990,000 in Avalanche (AVAX), and $848,000 in Chainlink (LINK).

#FTX and #Alameda Research moved out $23.59M worth of 19 assets to #Binance,…

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