sophia87bo9

@sophia87bo9

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Phishing attacks were the most costly attack vector for the crypto industry in 2024, netting attackers over $1 billion worth of stolen digital assets across 296 incidents, according to CertiK’s annual Web3 security report published on Jan. 2.

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However, in each cycle, the supercycle narrative was not fulfilled ending in a price crash that wiped out proponents as it entered a prolonged bear market.

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In the 2020-2021 cycle, when tech companies such as MicroStrategy, Square and Tesla entered the Bitcoin market, they believed many tech-related companies would follow suit.

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In the 2017-2018 cycle, the rapid price appreciation was thought to be a sign of mainstream financial adoption and the beginning of Bitcoin’s mainstream acceptance, where institutional interest would thrive.

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Tether said it will continue to support new projects offering MiCA-compliant stablecoins, including EURq and USDq stablecoins by the Dutch fintech company Quantoz Payments.

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According to a translation of a statement released on Dec. 2, a basic agreement between the two companies has been made for SBI to accept the transfer of all accounts and deposit assets.

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The crypto exchange is ceasing efforts to revamp operations and intends to transfer customer assets to SBI VC Trade, an exchange operator under SBI Group, around March, Nikkei Asia first reported on Dec. 2.

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Japanese cryptocurrency exchange DMM Bitcoin is prepping to liquidate after losing $320 million in Bitcoin in a private key hack in May from which the company has failed to recover.

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YouTube alternative Rumble, Tech solution provider Semler Scientific and Artificial intelligence firm Genius Group also took steps to buy Bitcoin in November.

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Michael Saylor’s MicroStrategy reported a substantial expansion of its Bitcoin holdings in a filing on Nov. 25, buying an additional 55,000 Bitcoin.

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A growing list of other firms have been adding Bitcoin to their balance sheets this year or increasing existing holdings.

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In the last year, the company’s stock price has spiked over 874% to its current price of $0.68 (5.26 Hong Kong dollars). It’s still down from its all-time high of $1.81, according to Google Finance.

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In the past 14 days, the price of Bitcoin has climbed 6% to over $96,000, according to CoinGecko. Still, Ether has done even better, rising 18.3% to trade at $3,669, at the time of writing.

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According to the firm’s third quarterly results, released on Nov. 21, its treasury held 2,635 Bitcoin and 15,388 Ether.

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“Based on the considerations of the future prospects of BTC and ETH and the Company’s strategic plan, the Board is of the view that it is the relatively appropriate time for the Group to convert the ETH held by the Group to BTC to expand the BTC reserves.”

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Cramer has become a meme for his investment advice, which many say usually turns out to be the wrong call. There was even a short-lived exchange-traded fund (ETF) that bet against his buy tips.

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Bitcoin’s price fell 2% on the same day CNBC markets commentator Jim Cramer suggested that cryptocurrencies should have a place in every investor’s portfolio.

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“If that’s the case, it would be the best-case scenario for the longevity of this bull market,” he added.

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“It’s looking more and more likely that we could actually spend some time consolidating in the 90s,” PlanC stated in a Nov. 26 X post.

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Meanwhile, prominent crypto analyst PlanC is “happy” to see Bitcoin “consolidate a bit in the 90s.”

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