Day: December 17, 2024

PENGU token plunges 50% after airdrop as Pudgy Penguins NFT floor price tumbles

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Key Takeaways PENGU token plummeted over 50% in value following its airdrop. The decline in PENGU token also led to a sharp drop in Pudgy Penguins NFT floor price. Share this article PENGU token plunged more than 50% after its airdrop to Pudgy Penguins NFT holders went live. The token’s value initially surged to $0.068 but quickly fell to $0.031 amid heavy selling pressure. PENGU price chart (TradingView) The token’s decline coincided with a sharp drop in Pudgy Penguins NFT prices, as the airdrop’s falling value also triggered a decline…

Gridless Is Mining Bitcoin While Fostering Human Flourishing In Africa

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Company Name: Gridless Founders: Janet Maingi, Erik Hersman and Philip Walton Date Founded: August 2022 Location of Headquarters: United States | Operations in Kenya, Malawi and Zambia Number of Employees: 10 Website: https://gridlesscompute.com/ Public or Private? Private Gridless 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…

Mathematically Predicting the Bitcoin Price Bull Cycle Peak

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The Bitcoin bull market is heating up, and investors are eagerly searching for data-driven insights into when the next Bitcoin price peak could occur and how high Bitcoin may climb. In a recent analysis video published by Bitcoin Magazine Pro, lead analyst Matt Crosby meticulously crunched the numbers to provide a mathematically backed forecast for Bitcoin’s next bull cycle peak. By combining historical patterns, moving averages, and diminishing returns, Crosby’s research highlights August 24, 2025, as a critical date—projecting a price range of $256,000 to $310,000 for Bitcoin. Watch the…

Anti-crypto Caroline Crenshaw will not be renominated as SEC Commissioner following committee vote cancellation

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Key Takeaways The Senate committee has abandoned its efforts to renominate Caroline Crenshaw as a SEC commissioner. Crenshaw’s tenure has been marked by opposition to crypto policies, aligning with SEC Chairman Gensler. Share this article The Senate Banking Committee’s vote on the reappointment of SEC Commissioner Caroline Crenshaw has been canceled, as reported by FOX Business journalist Eleanor Terrett. With Congress scheduled to adjourn on December 20, this cancellation means that Crenshaw will not secure a nomination for her position. The vote was set to take place tomorrow morning after…

Semler Scientific hits options trading milestone with Bitcoin holdings at $222M

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Key Takeaways Semler Scientific achieved eligibility for options trading due to sustained share price growth driven by its Bitcoin strategy. The company holds over 2,000 Bitcoin worth $222 million after a strategic shift in May. Share this article Semler Scientific shares became eligible for options trading following six months of share price growth driven by the company’s Bitcoin strategy, according to a CoinDesk report. Since announcing its initial Bitcoin purchases on May 28, the medical device maker’s stock has nearly tripled, pushing its market capitalization to over $650 million. At…

Buying Bitcoin Is Easy, HODLing Is the Hard Part

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Follow Nikolaus On 𝕏 Here For Daily Posts HODLing bitcoin is so simple, yet it’s one of the most difficult and challenging things to do. HODLing bitcoin is a choice. You have to wake up every day and choose to continue HODLing BTC. When you have every reason to sell bitcoin, you have to continue HOLDing. This is where most people fail. The anxiety of losing money kicks in. The fear of being wrong becomes a cloud over your head and you start to wonder if you’re wasting your time…

Bitcoin or University: Which Investment Yields Greater Financial Freedom?

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A university education is often considered to be the best path to superior lifetime earnings and financial freedom. Actual earnings seem to bear this out. People with a four-year degree make far more over their lifetimes than those without—about 75% according to this study by the Federal Reserve Bank of San Francisco. But this path must be weighed against alternatives. Bitcoin is also an excellent investment, with a 71% average compound annual growth rate (CAGR) over the past ten years. The growth trajectory of bitcoin has created an alternative path…