News

Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday. The rise in crypto heists comes as bitcoin jumped 140% this year to surpass $100,000 mark, drawing institutional participation and backing from U.S. President-elect Donald Trump. "As the digital asset market booms, it is typical to see the illicit use of crypto grow in tandem," Chainalysis' cybercrimes research lead Eric Jardine said.

November was a strong month for the miners as the rally in bitcoin outpaced the rise in the network hashrate, the report said.

Bitcoin may be up 145% this year, but it's hardly alone. Should you stick to Bitcoin, or is it time to look for other cryptocurrencies that could skyrocket even higher next year? If you're looking for a Bitcoin alternative, two of my favorites right now are XRP (CRYPTO: XRP), which is up 283% this year, and Sui (CRYPTO: SUI), which is up a staggering 497%.

The miner bought about 990 bitcoin for average price of around $101,710 each.

Bitcoin (CRYPTO: BTC) continues to prove that it's one of the best financial assets to own. Any investor, whether the focus is on stocks or cryptocurrencies, certainly understands the concept of buying low and selling high. Bitcoin has had many declines of more than 50%.

Dogecoin (CRYPTO: DOGE) is making a monster comeback. Continue reading to understand Dogecoin's potential price trajectory. This trend provides a clear example of the most obvious bullish case for Dogecoin, which is known as the greater fool theory.

Several other cryptocurrencies have done well and grown to market caps exceeding $100 billion. One is XRP (CRYPTO: XRP), which currently has the fourth-largest market cap in the crypto sector at more than $140 billion. If you invested in XRP a decade ago, there is a chance you're a millionaire today.