Tag: Crypto
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Thailand to Pilot Bitcoin Payments for Tourists in Phuket in 2025
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Thailand is set to launch a pilot programme in 2025, allowing foreign tourists to use Bitcoin for transactions in Phuket, one of the country’s most popular tourist destinations. The initiative, announced by Deputy Prime Minister and Finance Minister Pichai Chunhavajira on January 8 at a seminar organised by the Marketing Association of Thailand, aims to…
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Canada’s PM Frontrunner Pierre Poilievre Vows to Make Country a ‘Crypto Capital’
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Trudeau’s Resignation Paves Way for Pro-Crypto Opposition Leader Canadian Prime Minister Justin Trudeau’s announcement of his resignation has shifted attention to Pierre Poilievre, the opposition leader and Conservative Party frontrunner, who has previously championed cryptocurrency and blockchain technology. A Vision for a ‘Crypto Capital’ In a recently resurfaced video from a March 2022 campaign event,…
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Ripple Overtakes Ethereum as South Korea’s Second Favourite Cryptocurrency
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A recent survey reveals that Ripple (XRP) has surpassed Ethereum (ETH) as the second-most preferred cryptocurrency among South Korean investors, while Bitcoin (BTC) retains its top position. Bitcoin Leads, XRP Climbs to Second Place Between December 24 and 26, 2024, Korean news outlet News1 surveyed over 5,220 investors about their preferred cryptocurrencies. The poll focused…
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Tokenized COIN shares are being investigated by Coinbase on its Base network.
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Coinbase is considering the tokenization of its COIN shares on its Ethereum Layer-2 network, Base, which could revolutionize the intersection of traditional stock markets and blockchain technology. This initiative is still in its infancy, and regulatory compliance is a significant challenge. Jesse Pollak, the lead developer at Base, emphasized that Coinbase is diligently navigating the regulatory landscape…
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According to Arthur Hayes, there will be a significant correction in the cryptocurrency market after its March peak.
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Arthur Hayes revealed that the Fed’s quantitative tightening policy continues at $60 billion per month, which reduces its balance sheet. He predicts that the market will peak in mid to late March, which equates to a removal of $180 billion worth of liquidity due to quantitative tightening from January to March. “Sasa” is an essay…
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Dogecoin Soars 21% Amid Whale Activity, $1 Prediction for 2025 Gains Momentum
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DOGE Outperforms Rivals in January Rally Dogecoin (DOGE) has surged 21% over the past week, outperforming other major memecoins such as Shiba Inu (SHIB), Pepe (PEPE), and Bonk (BONK). At the time of writing, DOGE is trading at $0.38, while SHIB, PEPE, and BONK have posted gains of 7%, 10%, and 14%, respectively. The rally…
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Shiba Inu Surges as Binance Leads Trading Frenzy
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Shiba Inu (SHIB), the second-largest meme coin, has seen a remarkable surge in price and trading activity, driven by intense activity on Binance, the world’s largest cryptocurrency exchange. A staggering 379.27 billion SHIB tokens were traded on the platform in the past 24 hours, fueling optimism in the crypto market. Heightened Trading Activity on Binance…
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FDIC’s ‘Pause Letters’ to Crypto Firms Raise Regulatory Concerns
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The Federal Deposit Insurance Corporation (FDIC) has come under fire following the release of unredacted documents detailing its alleged efforts to restrict banking services to cryptocurrency firms. Coinbase’s Chief Legal Officer, Paul Grewal, has called these actions a “shameful example” of regulatory overreach, sparking calls for Congressional scrutiny. Newly Revealed ‘Pause Letters’ The documents, obtained…
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US Lawmaker Starts 2025 by Disclosing Cryptocurrency Investments
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Georgia Representative Mike Collins reveals purchases in altcoins including Ski Mask Dog and Ether. As the 119th session of the United States Congress gets underway, Georgia Representative Mike Collins has disclosed investments in various cryptocurrencies, including Ether and altcoins. The financial disclosure, filed on New Year’s Day, outlines Collins’ purchase of the Ski Mask Dog…
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XRP Soars to Third Place with $141B Market Cap
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XRP has ascended to the third spot in cryptocurrency rankings, surpassing Tether (USDT) with a remarkable market cap of $141.1 billion. This milestone underscores XRP’s growing influence and potential in the crypto market. Here’s a look at the key factors behind this surge and what the future holds for this token. Factors Driving XRP’s Meteoric…