Tag: Crypto
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Bank of America CEO Predicts Crypto Payment Boom with Regulatory Clarity
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The banking industry has been slow to adopt cryptocurrencies, citing regulatory uncertainty as a significant barrier. However, Bank of America CEO Brian Moynihan believes that clear regulations could catalyse a transformative shift, enabling banks to adopt digital currencies aggressively for payments. Speaking at the World Economic Forum in Davos, Switzerland, Moynihan outlined his vision for…
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Trump-Family Memecoins Face Sell-Off as Investors Flee
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The cryptocurrency world has been set ablaze with the recent launch of the TRUMP and MELANIA memecoins. These tokens, inspired by President-elect Donald Trump and the First Lady, initially soared to a combined market cap of over $17 billion. However, the hype quickly gave way to a massive sell-off, exposing the volatile nature of memecoins.…
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Trump Tokens Usher in New Era of Memecoins, Spark Altcoin Optimism
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The launch of memecoins by the Trump family is being hailed as a significant moment for the cryptocurrency industry, with analysts suggesting it could pave the way for increased retail interest in high-risk digital assets. The Trump family introduced the Official Trump (TRUMP) memecoin on 18 January, followed by the Official Melania (MELANIA) token on…
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XRP Hits New All-Time High Amid Bullish Momentum
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Ripple’s native token, XRP, has soared 42% in the past week, hitting a new all-time high of $3.40. On Thursday alone, XRP’s 24-hour trading volume surpassed that of Ethereum (ETH), signaling robust market interest. As of Friday, the altcoin traded at $3.2385, with analysts predicting further gains as it enters a price discovery phase. President-elect…
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EU’s Digital Operational Resilience Act Takes Effect: What It Means for Crypto Firms
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The European Union’s Digital Operational Resilience Act (DORA) has officially come into effect as of January 17, expanding cybersecurity requirements for cryptocurrency businesses across the region. The regulation marks a significant step towards enhancing the operational resilience of financial entities, including Virtual Asset Service Providers (VASPs). Strengthening Cybersecurity in Crypto DORA aims to bolster the…
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JioCoin: Reliance’s Bold Foray into Web3
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Reliance Industries, India’s largest conglomerate, has made a groundbreaking entry into the Web3 space with the launch of JioCoin, a blockchain-based reward token. Though not a traditional cryptocurrency due to regulatory constraints, JioCoin is poised to disrupt the digital ecosystem in 2025. On January 15, 2025, Jio Platforms announced its partnership with Polygon Labs to…
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XRP Poised for Explosive Rally, Echoing 2017 Bull Market Patterns
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XRP, the cryptocurrency associated with Ripple, has exhibited a remarkable performance against Bitcoin (BTC) in early 2025. Recent price action suggests parallels with XRP’s explosive rally in 2017, raising the possibility of a significant surge in the coming months. XRP Surges by 350% Since Trump’s Election Win Since Donald Trump’s US presidential election victory in…
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How Will Markets React to $2.8B Crypto Options Expiring Today?
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Bitcoin Options Expiry This week’s batch of Bitcoin options contracts has a put/call ratio of 0.94, which means that bulls and bears are evenly matched with similar numbers of long (call) and short (put) contracts expiring. Open interest, or the value or number of BTC options contracts yet to expire, is highest at the $120,000…
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eToro Targets $5 Billion Valuation with US IPO Filing
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eToro, a crypto-friendly trading platform, has reportedly filed for an initial public offering (IPO) in the United States, aiming for a valuation exceeding $5 billion. The platform plans to go public in New York as early as the second quarter of 2025, according to sources cited by the Financial Times. Confidential Filing Submitted to the…
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Litecoin Surges 20% as ETF Speculation Sparks Investor Optimism
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Litecoin (LTC) has seen a remarkable surge of approximately 20% in the last 24 hours, reaching $120.50 as of 16 January. The rally comes in the wake of Canary Capital filing an amended S-1 form for its proposed spot Litecoin exchange-traded fund (ETF). Litecoin ETF Sparks Investor Buzz Canary Capital’s updated filing for a Litecoin…