Top tech news today: December 27, 2024

Tech News Summaries

1. Solana’s Jito staking pool hits $100M monthly

Solana’s Jito staking pool has achieved impressive growth, generating $100 million per month in tips, according to research from Kairos. CoinTelegraph

2. Tether makes its first crypto VC investment

Tether has made its first venture capital investment in the crypto space, backing Arcanum Capital, marking a significant step in its expansion beyond stablecoins. CoinTelegraph

3. Vitalik Buterin adopts viral pygmy hippo

Ethereum’s Vitalik Buterin has adopted a viral pygmy hippo named Moo Deng, joining the trend of crypto celebrities engaging with animals in the digital age. CoinTelegraph

4. South Korea sanctions 15 North Koreans for cyber-thefts

South Korea has sanctioned 15 individuals linked to North Korea’s cyber-thefts, targeting cryptocurrency exchanges and other digital assets as part of its ongoing sanctions. CoinTelegraph

5. Bitget announces token merger

Bitget, a leading crypto exchange, is set to merge its tokens, signaling a shift in its strategy to optimize user rewards and increase platform utility. The Block

6. Mira charity memecoin raises over $1M

Mira, a charity-focused memecoin, has raised over $1 million after seeing a massive surge in value, with donations directed to cancer research initiatives. The Block

7. Silver lining for XRP bulls after price plunge

Despite a 6% plunge in price, XRP bulls are seeing a silver lining with key technical indicators suggesting a potential rebound in the coming weeks. U.Today

8. Bitcoin price could hit $1M in 2025, says Bitwise exec

A Bitwise executive suggests Bitcoin could reach $1 million in price by next year, contingent on continued institutional adoption and regulatory clarity. U.Today

9. Ethereum’s continued sell-off surprises Coinbase

Ethereum’s ongoing sell-off is catching major exchanges like Coinbase off guard, signaling potential bearish momentum amidst market uncertainty. U.Today

10. Ethereum could see bullish surge in Q1

Ethereum might replicate past performance with a massive bullish surge in Q1, driven by technical and market factors pointing to a positive future. U.Today

11. Max Keiser predicts US fate with Bitcoin adoption

Max Keiser forecasts that the US economy may fully embrace Bitcoin as a reserve currency, reshaping global finance and digital asset adoption. U.Today

12. Bitcoin loses $2 trillion market cap post-Christmas

Bitcoin’s market cap took a significant hit after Christmas, losing $2 trillion as investors cashed out and market conditions cooled. U.Today

13. XRP network comeback on the horizon

Recent data suggests an imminent comeback for the XRP network, with growing transaction volumes and renewed interest from investors. U.Today

14. Crypto whales buy 240K-420K BTC in 2024

Unidentified crypto whales have accumulated 240K to 420K BTC this year, indicating that large players are making significant bullish bets on Bitcoin. U.Today

15. Another crypto CEO’s social media account hacked

A crypto CEO’s social media account was hacked to promote a fake token, underscoring the growing concerns over social media security in the crypto space. Decrypt

16. Aave considers leaving Polygon over proposal

Aave is considering leaving the Polygon network due to a contentious proposal involving idle crypto investments, sparking debate in the DeFi community. Decrypt

17. Solana price nears key $18.3 support

Solana’s price is nearing a critical support level of $18.3, but positive momentum may be building as traders await signs of a rebound. BeInCrypto

18. Cardano price downtrend fades as whales buy

Cardano’s price downtrend has slowed, with whale activity stabilizing, indicating a potential recovery for ADA in the near term. BeInCrypto

19. APNIC wraps up 2nd IPv6 council meeting

The second APAC IPv6 Council meeting wrapped up with discussions on the adoption of IPv6 technology across the Asia-Pacific region. APNIC

20. Signify ordered to recall products for patent infringement

Signify has been ordered by a court to recall products that infringe on patents held by Seoul Semiconductor, a significant blow to the lighting company. Reuters

21. UnionPay expands QR code payments to Laos

China’s UnionPay has expanded its QR code payment service to Laos, following successful launches in Vietnam, as part of its broader strategy to increase regional dominance. Nikkei Asia

22. BSNL 4G, 5G services debut by 2025

BSNL is on track to launch high-speed 4G and 5G services by 2025, with TCS assuring timely deployment of the much-awaited network upgrades. India TV News

Nikita-Jiang

Nikita Jiang

Nikita Jiang is a dedicated journalist at Blue Tech Wave specializing in culture and technology. She holds a Bachelor's degree from King's College London and a Master's from the University of Manchester. Connect with her at n.jiang@btw.media.

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