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Thai Deputy PM Announces Testing of Cryptocurrency Payment in Phuket
The Deputy Prime Minister of Thailand has announced that the country intends to start testing cryptocurrency payments in its tourist city of Phuket with the aim of boosting its local economy and attracting international tourists. The government will work with the private sector and financial institutions on how to carry out the pilot program, enabling tourists to pay for some services and goods with virtual currency. This is part of Thailand's wider strategy to incorporate digital currencies into its economy.
The Deputy Prime Minister of Thailand has announced that the country intends to start testing cryptocurrency payments in its tourist city of Phuket with the aim of boosting its local economy and attracting international tourists. The government will work with the private sector and financial institutions on how to carry out the pilot program, enabling tourists to pay for some services and goods with virtual currency. This is part of Thailand's wider strategy to incorporate digital currencies into its economy.
New York Attorney General Sues to Recover Cryptocurrency from Scam
New York Attorney General Letitia James filed a suit against a text scam promising remote jobs to steal cryptocurrency. The scam, targeting people looking for remote jobs, had leveraged the trust and wallets of such seekers. The Attorney General's Office now seeks recovery of the cryptocurrency and accountability from the perpetrators. Such steps reveal how serious the state is with regard to the protection of consumers against fraud in schemes of the modern-day digital era.
New York Attorney General Letitia James filed a suit against a text scam promising remote jobs to steal cryptocurrency. The scam, targeting people looking for remote jobs, had leveraged the trust and wallets of such seekers. The Attorney General's Office now seeks recovery of the cryptocurrency and accountability from the perpetrators. Such steps reveal how serious the state is with regard to the protection of consumers against fraud in schemes of the modern-day digital era.
Thailand to test crypto payments on Phuket
The Thai government intends to be the first in introducing cryptocurrency use in paying in the Phuket tourism area, which will boost economic activities, especially among international tourists. For that matter, the government closely cooperates with the business community and financial institutions toward applying the use of cryptocurrencies by tourists in most tourist attraction services in the area. This is part of Thailand's greater initiative of absorbing digital currencies into the economy.
The Thai government intends to be the first in introducing cryptocurrency use in paying in the Phuket tourism area, which will boost economic activities, especially among international tourists. For that matter, the government closely cooperates with the business community and financial institutions toward applying the use of cryptocurrencies by tourists in most tourist attraction services in the area. This is part of Thailand's greater initiative of absorbing digital currencies into the economy.
MicroStrategy Plans $2 Billion Capital Raise for Bitcoin Purchases
MicroStrategy Inc. intends to sell $2 billion in preferred stock to buy more bitcoin, part of a plan to raise $21 billion of equity and fixed-income instruments over the next three years.
The sale of the preferred stock, if it happens, is set for the first quarter and would rank higher than its Class A common stock. It could also include convertibility and the right to dividends. In recent weeks, the company has been using cash from selling stocks to buy bitcoin, acquiring about 447,470 bitcoins for an acquired cost of about $27.97 billion.
MicroStrategy Inc. intends to sell $2 billion in preferred stock to buy more bitcoin, part of a plan to raise $21 billion of equity and fixed-income instruments over the next three years.
The sale of the preferred stock, if it happens, is set for the first quarter and would rank higher than its Class A common stock. It could also include convertibility and the right to dividends. In recent weeks, the company has been using cash from selling stocks to buy bitcoin, acquiring about 447,470 bitcoins for an acquired cost of about $27.97 billion.
Elon Musk and Meme Coins
Elon Musk's antics of late, which include renaming his X handle to 'Kekius Maximus,' sent an obscure meme coin up in value 4800% to a market cap of $380 million. Meme coins are cryptocurrencies inspired by viral moments or memes that surged in value thanks to speculation by traders that the Trump administration would produce crypto-friendly legislation and regulation. According to analysts, meme coins are here to stay and might eventually combine with AI to form new cryptocurrencies.
Elon Musk's antics of late, which include renaming his X handle to 'Kekius Maximus,' sent an obscure meme coin up in value 4800% to a market cap of $380 million. Meme coins are cryptocurrencies inspired by viral moments or memes that surged in value thanks to speculation by traders that the Trump administration would produce crypto-friendly legislation and regulation. According to analysts, meme coins are here to stay and might eventually combine with AI to form new cryptocurrencies.
Memecoin Mania as Crypto Market Goes Hyper
In 2024, even celebrities like Iggy Azalea issued memecoins that saw a jack-up in their prices. With platforms like Pump.Fun, creating memecoins wasn't particularly difficult. There were more than 4.7 million coins with a total value over $100 billion. Never mind their very speculative nature, hedge funds invested in memecoins for high returns. Still, critics say they're harmful to the reputation of the cryptographic money industry.
Dogecoin Soars in Value Following Unexpected Twist of Events from Trump's Election Victory
Dogecoin, created as a joke back in 2013, surged 88% in value after Donald Trump won. It was market dynamics-like expectations of less regulation-that catapulted cryptos like Bitcoin to new highs. The presence of Musk leading a new department, the Department of Government Efficiency, with the same initials as dogecoin, has given reason for the cryptocurrency to rise. Its price, once touching 47 cents, an all-time high for three years, fell to 37 cents and rose by more than 200% on the month.
Bitcoin Miners Hoarding Coins amid Squeezing Profit Margins
US miners such as Mara Holdings, Riot Platforms, and CleanSpark accumulated bitcoin as a way of tempering tightening profit margins amid a spike in energy costs and increased competition for the resource. Even at the recent surge to $100,000, bitcoin miners face an uphill battle in the name of profitability and grid access. The event of the halving of bitcoin rewards in April this year reduced the daily rewards from 900 to 450 coins. Offshore expansion plans to areas with surplus energy are also
🚨 VIP SIGNAL 🚨
🪙Coin: ENA/USDT
📉Position: Long (5X-20X)
🔰Entry Points:
1. $0.93
2. $0.82
🎯Targets:
1. $0.99
2. $1.10
3. $1.30
📝Note: High volatility expected. Adjust position sizing accordingly.
🛑 We would be Accumulating this
🪙Coin: ENA/USDT
📉Position: Long (5X-20X)
🔰Entry Points:
1. $0.93
2. $0.82
🎯Targets:
1. $0.99
2. $1.10
3. $1.30
📝Note: High volatility expected. Adjust position sizing accordingly.
🛑 We would be Accumulating this
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1. Hit the follow button for exclusive rewards and updates.
2. Like and share this post to spread the opportunity.
3. Comment "Complete " below once you've completed the steps.
⚠️ I'll guide you step-by-step on how to secure your $50 USDT reward. Don’t miss out—start now! 🚀
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Bitcoin’s Triple Bottom: Ready for Takeoff?
The BTC/USDT daily chart reveals a Triple Bottom setup-a classic bullish reversal pattern. Prices are bid near the lower Bollinger Band, giving the impression of oversold conditions. RSI 44 suggests recovery is about to start, and Stochastic at 25 confirms the oversold zone. Resistance at $101,000 marks the first for a breakout expected in Bitcoin toward $110,000. This structure does indicate a strong upward move, so be sure to keep a close watch!
The USDT Dominance graph has a resistance at 4.
The USDT Dominance graph has a resistance at 4.
PEIPEI Coin Update
Peipei Coin is a fun and quirky meme cryptocurrency that taps into the playful side of the digital world. 🐸✨ Inspired by the "Peipei" character or meme, it’s part of the meme coin trend that has taken the crypto space by storm. Think of it as a lighter, more humorous token that thrives on community energy and internet culture rather than any serious technological foundation. 😄💸
Peipei Coin doesn't come with a major use case or groundbreaking features—it’s all about the fun and the meme. 🌍🔥
Peipei Coin doesn't come with a major use case or groundbreaking features—it’s all about the fun and the meme. 🌍🔥
SIBA INU Coin Update
Shiba Inu Coin is a popular meme cryptocurrency that gained massive attention in 2021. 🐕💥 Often referred to as the "Dogecoin killer," it’s inspired by the Shiba Inu dog breed, which became famous thanks to the Doge meme. 🐶✨
Like many meme coins, Shiba Inu doesn’t have a major technical use case or real-world utility. Its value mainly comes from the fun, community-driven nature of the project and the viral meme culture behind it. 🌍🔥 People buy and trade Shiba Inu because it’s fun, speculati
Like many meme coins, Shiba Inu doesn’t have a major technical use case or real-world utility. Its value mainly comes from the fun, community-driven nature of the project and the viral meme culture behind it. 🌍🔥 People buy and trade Shiba Inu because it’s fun, speculati
PEPE Coin Update
Pepe Coin is a fun meme cryptocurrency inspired by the iconic "Pepe the Frog" meme, which has been a staple of internet culture for years. 🐸💥 It’s part of the growing trend of meme coins like Dogecoin and Shiba Inu, where the value comes more from community hype and the meme behind it than any real-world utility. 😄💸
Pepe Coin doesn’t have a big technical purpose—it's all about the community and the meme! People buy and trade it because they love Pepe and want to be part of the fun, speculat
Pepe Coin doesn’t have a big technical purpose—it's all about the community and the meme! People buy and trade it because they love Pepe and want to be part of the fun, speculat
BONK Coin Update
Bonk Coin is a meme cryptocurrency that gained popularity in late 2021 and early 2022. 🚀💥 Originally launched on the Solana blockchain, Bonk was created as a fun, community-driven token with no serious technical backing or use case, much like other meme coins. 😆🐶
Bonk quickly gained attention for its playful branding and connection to internet culture. The token’s mascot, a dog, drew comparisons to other meme coins like Dogecoin and Shiba Inu, capitalizing on the success of these popular me
Bonk quickly gained attention for its playful branding and connection to internet culture. The token’s mascot, a dog, drew comparisons to other meme coins like Dogecoin and Shiba Inu, capitalizing on the success of these popular me
NOT Coin Update
Notcoin is a fun, fictional cryptocurrency concept created to play on the idea of meme coins and digital assets. 💡 It's not a real coin but is often used in discussions or as a playful reference to highlight the humorous side of cryptocurrency culture. 🪙✨
Unlike traditional cryptocurrencies like Bitcoin or Ethereum, which have specific use cases and underlying technologies, Notcoin doesn't have any inherent value or utility. Instead, it’s simply a tongue-in-cheek way to show how digital asset
Unlike traditional cryptocurrencies like Bitcoin or Ethereum, which have specific use cases and underlying technologies, Notcoin doesn't have any inherent value or utility. Instead, it’s simply a tongue-in-cheek way to show how digital asset
Ripple Coin Update
XRP, the cryptocurrency of the Ripple network, was launched in 2012 by Ripple Labs to revolutionize cross-border payments. 💡 Unlike Bitcoin or Ethereum, XRP isn’t mined; all 100 billion coins were pre-mined at its inception, with a significant portion held by Ripple Labs. 💻💸
XRP is designed to enable fast, low-cost international money transfers, making it a favorite among banks and financial institutions. 🌍💱 Transactions on the Ripple network are confirmed in seconds and cost just fraction
XRP is designed to enable fast, low-cost international money transfers, making it a favorite among banks and financial institutions. 🌍💱 Transactions on the Ripple network are confirmed in seconds and cost just fraction
ETH Coin Update
Ethereum (Ξ), launched in 2015 by Vitalik Buterin and a team of developers, is a revolutionary blockchain platform and cryptocurrency. 💡 Unlike Bitcoin, which focuses on digital money, Ethereum is designed for creating and executing smart contracts—self-executing agreements written in code. 📜⚙️
Ether (ETH) is Ethereum's native currency, used to power transactions and applications on its network. 💻💸 Miners validate these transactions and earn ETH as a reward, though Ethereum transitioned fro
Ether (ETH) is Ethereum's native currency, used to power transactions and applications on its network. 💻💸 Miners validate these transactions and earn ETH as a reward, though Ethereum transitioned fro
BTC Update
Bitcoin is the first decentralized cryptocurrency, introduced in 2009 by the mysterious creator Satoshi Nakamoto. 💡 It’s a form of digital money that operates without a central authority, relying on blockchain technology—a secure, transparent ledger maintained by a global network of computers. 📜🔒
Transactions are verified by miners, who solve complex mathematical puzzles to add new blocks to the blockchain. In return, they receive Bitcoin as a reward. 💻⛏️ This process, called "mining," also
Transactions are verified by miners, who solve complex mathematical puzzles to add new blocks to the blockchain. In return, they receive Bitcoin as a reward. 💻⛏️ This process, called "mining," also
TON Coin Update
Toncoin (TON) is the native cryptocurrency of The Open Network (TON), a decentralized blockchain designed for scalability and efficiency. Originally developed by Telegram, TON uses a unique sharding technology that divides the blockchain into multiple subnets to speed up transactions and reduce congestion. This structure enables TON to handle millions of transactions simultaneously with minimal fees. 🌐🚀
One of the standout features of Toncoin is its integration with Telegram, where it powers
One of the standout features of Toncoin is its integration with Telegram, where it powers