Tag: Crypto

  • Stablecoins are used by Space X to reduce foreign exchange concerns.

    Stablecoins are used by Space X to reduce foreign exchange concerns.

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    V Sinclair

    On December 20, in an all-in podcast, Chamath Palihapitiya, founder at Social Capital said that the Space Exploration Technologies Corp., also known as SpaceX uses stablecoins to dodge foreign exchange risks.  Foreign exchange risk is the term given to the risk of losses that could appear from extreme volatility in a currency. Let’s say, if…

  • Solana Dips Below $200: Technical Indicators Suggest Potential Recovery

    Solana Dips Below $200: Technical Indicators Suggest Potential Recovery

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    by

    Oscar

    Solana (SOL), one of the leading cryptocurrencies, recently experienced a sharp price decline, dropping below the critical $200 support level. Amid a market-wide sell-off, SOL’s price has shown signs of potential recovery, offering hope for investors. Market Downturn and Fed Impact The broader cryptocurrency market faced turbulence following the Federal Open Market Committee (FOMC) meeting.…

  • XRP Price Surges Amid Ripple’s Political Donation and SEC Hopes

    XRP Price Surges Amid Ripple’s Political Donation and SEC Hopes

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    Issac Lane

    XRP’s price witnessed a sharp rally today, climbing over 20% within 24 hours to reach $2.36. The surge follows news of Ripple’s significant political donation and increasing optimism over its legal battle with the US Securities and Exchange Commission (SEC). However, technical indicators suggest a potential bearish reversal, pointing to possible corrections ahead. Ripple Donates…

  • Crypto Shifts Gear: Google, Tether, and Quantum Lead the Charge

    Crypto Shifts Gear: Google, Tether, and Quantum Lead the Charge

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    Issac Lane

    Starting January 15, 2025, Google will require advertisers promoting digital asset exchanges and wallets in the United Kingdom to register with the Financial Conduct Authority (FCA). The tech giant’s updated policy means crypto exchanges and software wallets must meet stringent requirements to advertise in the UK. Hardware wallets designed for storing cryptocurrency private keys, NFTs,…

  • Robinhood EU integrates Circle USDC stablecoin into its platform

    Robinhood EU integrates Circle USDC stablecoin into its platform

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    by

    V Sinclair

    The chief executive officer of Circle, Jeremy Allaire confirmed the integration of USDC over Robinhood and mentioned that the platform will intensify the use of stablecoins in Europe. Robinhood Crypto EU is now offering Circle’s USDC stablecoin on its platform to its European customers. The decision comes with permitting the users to access a dollar-based digital…

  • Arthur Hayes Boosts ENA Prices with Investments

    Arthur Hayes Boosts ENA Prices with Investments

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    V Sinclair

    Arthur Hayes, the co-founder and former CEO of BitMEX, has made a notable impact on the cryptocurrency landscape by investing in the altcoin Ethena (ENA). How Did Hayes Recover from Losses? Despite liquidating his Aethir holdings at an approximate loss of $815,000 at the end of November, Hayes swiftly turned his fortunes around with his…

  • Bitcoin Dips to $92K in ‘Optimal Dip-Buying’ Opportunity as Inflation Data Eases Market Worries

    Bitcoin Dips to $92K in ‘Optimal Dip-Buying’ Opportunity as Inflation Data Eases Market Worries

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    Issac Lane

    BTC retraces December lows as leverage liquidations dominate the market, while easing inflation offers a silver lining. Bitcoin Retests $92K Amid Leverage Liquidations Bitcoin (BTC) experienced significant volatility on December 20, dropping to $92,000 on Bitstamp before recovering to $96,000. Despite the recovery, the cryptocurrency was still down 1.5% on the day, marking a 15%…

  • PEPE Whale Stuns Binance with $2.72M Deposit Amid Market Dip

    PEPE Whale Stuns Binance with $2.72M Deposit Amid Market Dip

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    Oscar

    A notable transaction involving 150 billion PEPE tokens has drawn attention from the cryptocurrency community. A PEPE whale, previously seen withdrawing the same amount, recently deposited the tokens on Binance, sparking speculation about their trading strategy. Whale Deposits 150 Billion PEPE on Binance On-chain analytics platform Lookonchain reported that a PEPE whale transferred 150 billion…

  • Crypto Thefts Surge to $2.2bn in 2024, North Koreans Lead the Way

    Crypto Thefts Surge to $2.2bn in 2024, North Koreans Lead the Way

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    Oscar

    In 2024, cryptocurrency theft reached a staggering $2.2bn, marking a 21% increase from the previous year. According to blockchain analytics firm Chainalysis, North Korean hackers were responsible for 61% of these stolen funds. This year also saw an increase in incidents, with 303 hacks compared to 282 in 2023, making it the fifth time in…

  • Interest rates remain unchanged by the Bank of Japan, and the cryptocurrency market is now thriving.

    Interest rates remain unchanged by the Bank of Japan, and the cryptocurrency market is now thriving.

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    by

    V Sinclair

    The Bank of Japan (BOJ) has decided to keep its interest rates unchanged, maintaining the short-term rate at 0.25%. This marks the third consecutive time the BOJ has opted to hold rates steady, following similar decisions in September and October. Following the announcement, the Japanese yen fell to 155, showing a clear shift towards Bitcoin…