Tag: Crypto
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Top Cryptocurrencies to Watch for the 2025 Bull Run
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The 2025 crypto market is shaping up to be a landmark year, with industry experts dubbing it the “Golden Bull Run.” Bolstered by factors like a pro-Bitcoin U.S. administration, Federal Reserve rate cuts, and the entry of major TradFi players like BlackRock and Fidelity, the market is expected to soar. Altcoins, in particular, could outperform…
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Bitcoin Risks $80K Price Dip Amid ‘Head and Shoulders’ Pattern Warning
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Bitcoin’s price could drop to $80,000 as part of a broader market correction, according to a warning from renowned chart analyst and chartered market technician, Aksel Kibar. In a series of posts on X (formerly Twitter) on December 26, Kibar highlighted a potential “head and shoulders” (H&S) pattern forming in Bitcoin’s daily price chart, which…
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XRP Price Warning: Bearish Signals Emerge After 300% Surge
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Whale distribution and a descending triangle pattern suggest XRP could face significant declines in early 2025. XRP has seen a remarkable surge in the past two months, gaining over 300% to reach $2.10 as of 27 December. However, technical and on-chain indicators now point to potential price corrections, with experts warning of a possible 25%…
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Trump’s Crypto Surge: A Game Changer for Global Digital Assets?
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Donald Trump’s recent pro-cryptocurrency stance is poised to shake up the global digital asset landscape, creating a stark contrast between the US’s evolving approach and the EU’s stringent new rules. As the former president positions the US as the “crypto capital of the planet,” industry players are reassessing their priorities, potentially to Europe’s detriment. Trump’s…
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Fireblocks, a digital platform, has over $3 trillion in transfers.
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At the Blockchain Expert conference in Tel Aviv, leaders from the crypto and regulatory sectors talked about the future of digital payments, predicting that global transactions will soon happen instantly. Idan Oferat, co-founder of Fireblocks, pointed out that stablecoins are becoming more important in blockchain transactions. He mentioned that more than half of the $3…
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Russia Turns to Bitcoin for International Trade Amid Sanctions
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In a bold move to counter Western sanctions, Russia has begun using Bitcoin and other cryptocurrencies to facilitate international trade. Finance Minister Anton Siluanov confirmed this significant shift, emphasizing its potential to reshape the country’s economic strategy. Bitcoin to Circumvent Sanctions Following severe sanctions over its invasion of Ukraine, including being cut off from SWIFT,…
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DMM Bitcoin Hacked: SBI to Absorb Exchange Amid $320M Breach Fallout
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Japanese financial giant SBI VC Trade has announced a deal to acquire the assets and customer accounts of DMM Bitcoin, the crypto exchange crippled by a devastating hack earlier this year. Starting March 8, 2025, DMM’s customers and their assets will be automatically transitioned to SBI accounts, requiring no action on their part, according to…
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Turkey Tightens Cryptocurrency Regulations with New AML Rules
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Turkey has announced new anti-money laundering (AML) regulations for cryptocurrency transactions, set to take effect on 25 February 2025. Under the new rules, users conducting transactions exceeding 15,000 Turkish lira (£425) must provide identifying information to crypto service providers, according to the Republic of Turkey’s Official Gazette. Transfers below this threshold remain exempt from these…
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India Risks $2 Billion in Tax Revenue as Crypto Traders Flee Offshore
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India’s tax policies on cryptocurrency are pushing traders to offshore platforms, risking a loss of over $2 billion in tax revenue over the next five years, a new report from Indian think tank Esya Centre reveals. Since July 2022, the government has already missed collecting over ₹6,000 crore ($724 million) in taxes from virtual digital…
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Injective partners with Sonic to create an AI agents hub
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Injective and Sonic, a game platform using the Solana Virtual Machine (SVM), have teamed up to create the first cross-chain artificial intelligence (AI) agent platform. This new project will use Sonic’s HyperGrid technology to connect the Injective and Solana ecosystems, creating a Smart Agent Hub for developers. The Smart Agent Hub will use the Inter-Blockchain Communication…