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Hedera (HBAR) Price Surge Signals Bullish Momentum
Hedera (HBAR) price has experienced a significant surge, reaching its highest levels in three years in December as it aims to reclaim its $12 billion market cap. Over the last month, HBAR has seen a remarkable 121% increase, driven by strong bullish momentum and key technical patterns such as the recent golden cross. Indicators like the ADX and Ichimoku Cloud indicate a strengthening uptrend, with buyers maintaining dominance and the potential for further growth. With HBAR's ADX currently at 29.
Israel to Launch Bitcoin-Linked Mutual Funds
Israel is set to introduce six new mutual funds tied to Bitcoin's performance on December 31, marking a significant step towards integrating cryptocurrencies into investment products. Licensed by the Israel Securities Authority, these funds will allow investors to access Bitcoin through the local currency, shekel. The funds will track Bitcoin's price using various methods, including indexes and active management, with some even monitoring leading U.S. Bitcoin ETFs. Management fees are expected t
Shiba Inu Price Analysis: Potential Upside Amidst Market Volatility
Shiba Inu (SHIB) price has experienced a 10% drop in the last week, making it the second-largest meme coin after Dogecoin. Despite this decline, SHIB's Relative Strength Index (RSI) has been steadily increasing, indicating a positive shift in market sentiment and buying momentum. Whale activity has stabilized, hinting at a temporary pause in accumulation and distribution, which could result in price consolidation. With SHIB trading within a specific range, breaking a key resistance level could l
Singapore Emerges As Leading Crypto Hub in Southeast Asia
Singapore is taking the lead in becoming a prominent crypto hub in Southeast Asia. In 2024, the country granted 13 different crypto licenses, more than double the previous year. Surpassing Hong Kong, Singapore's regulatory-friendly environment has attracted various crypto operators and major exchanges. This year, Singapore licensed well-known exchanges like OKX and Upbit, along with firms such as BitGo, GSR, and Anchorage. The city-state's flexible token listing and asset custody policies aim to
Central Bank of Russia's Efforts to Combat Unlawful Financial Transactions
The Central Bank of Russia, in collaboration with Rosfinmonitoring, is spearheading a significant initiative to curb unauthorized over-the-counter trading of cryptocurrencies and other illicit financial activities. They are developing a monitoring system to target shadow transactions within banking systems, particularly focusing on individuals aiding suspicious transactions through personal accounts. The platform aims to deter activities like fund withdrawals for illegal businesses, online gambl
Evolution of Cryptocurrency Regulations in Turkey
Turkey's cryptocurrency regulatory landscape is constantly changing, with recent updates focusing on crypto transactions and anti-money laundering measures. New AML rules were published on Dec. 25 in the Official Gazette of the Republic of Turkey, requiring users conducting transactions over 15,000 Turkish liras ($425) to provide identification details to cryptocurrency service providers. The regulations aim to prevent money laundering and terrorism financing through crypto use. Interestingly, s
Rapid Growth of Digital Asset Investors in South Korea
The number of digital asset investors in South Korea has significantly increased towards the end of 2024. Detailed statistics from the country's major cryptocurrency exchanges reveal a surge in domestic investors, prompting discussions on creating a secure trading environment and protecting investor rights. Representative Lim Gwang-hyun shared data showing a rise in the number of digital asset investors to 15.59 million by late November, accounting for 30% of the total population. The daily trad
Dumbest Moments of 2024: a Crypto Odyssey
In 2024, the crypto industry witnessed a series of absurd events that defined the year. From meme coin developers setting themselves on fire to bizarre celebrity endorsements, the year was filled with unforgettable moments. A meme coin factory on Solana became the center of jaw-dropping incidents, including trading an 'invisible cat' coin. Additionally, a developer accidentally burned $10 million worth of tokens, while another set himself on fire to pump his token. The year also saw the rise of
Floki Launches University to Educate Crypto Enthusiasts
Floki has introduced the University of Floki to simplify the complexities of the cryptocurrency world. The educational platform aims to educate the growing community of crypto enthusiasts by offering courses ranging from basic blockchain concepts to advanced DeFi topics. With a focus on accessibility and engagement, the university plans to expand its course offerings led by industry experts. By breaking down intricate ideas into understandable content, the University of Floki seeks to accelerate
NFT Collections Outperform Fungible Tokens in Weekly Returns
Non-fungible tokens (NFTs) have shown better performance than fungible tokens in the past week, with the top 10 collections gaining an average of 6.4%. On the other hand, fungible tokens experienced an average decline of 8.6%, except for native tokens from centralized exchanges. Space Doodles led the way with a 44.7% increase, followed by Pudgy Penguins' Lil Pudgys at 35.1%. Despite popular collections like Bored Ape Yacht Club and CryptoPunks dragging down the average returns, most top 10 NFT c
DeFi Heavyweights Aave and Lido Surpass $70 Billion in Net Deposits
In December, Aave and Lido, prominent DeFi platforms, exceeded $70 billion in net deposits for the first time. Aave leads with $34.3 billion, slightly ahead of Lido. Together, they hold $67.42 billion, representing 45.5% of the total $148 billion allocated to the top 20 decentralized applications. Lido leads in total value locked (TVL) with $33.8 billion, while Aave follows with $20.6 billion. Both platforms are among the top revenue generators in DeFi, with Aave's revenue growing by 27.5% to $1
Enhancing Financial Security in DeFi and CeFi
In 2024, data revealed a 40% decrease in poor financial conditions in decentralized finance (DeFi) compared to the previous year, attributed to improved collapse protection and complex cryptographic formulas. Conversely, centralized finance (CeFi) saw a rise in breaches, with $694 million reported missing. DeFi protocols reported a decrease in losses from $787 million in 2023 to $474 million in 2024, thanks to advancements in technologies like MPC and specific ZKPs. Concerns over bridge-related
Upbit Delists Bitcoin Gold Due to Non-Compliance
Upbit, the largest South Korean exchange, announced on January 23, 2025, its decision to cease trading support for Bitcoin Gold (BTG) due to non-compliance with Upbit's trading standards. This move came after Upbit had listed BTG as a cautionary asset on December 10, citing concerns about transparency and viability. Despite efforts to address these issues, Upbit found that BTG did not meet its requirements. Following the delisting, all public offers for BTG will be withdrawn, and users are advis
Investing in ETFSwap (ETFS) for Potential 70,000% Profit
The Cardano price has made progress since the beginning of the bull market, but its slow climb back to its previous all-time high of $3.10 is causing a lack of confidence among investors. While Cardano still shows promise, smart investors are turning to low-cap gems with high growth potential. One such standout is ETFSwap (ETFS), an ETF trading network that has gained attention for its impressive price performance and projected 70,000% price rally. ETFSwap offers innovative features like decentr
Justin Sun Clarifies Rumors of Ethereum Liquidation
Justin Sun, the founder of Tron and a key figure in the crypto space, has addressed rumors about liquidating his Ethereum (ETH) holdings. Amid concerns of selling off his assets, Sun clarified that recent transfers were internal and not for liquidation. Despite Ethereum's recent 13% decline over the past week, Sun remains optimistic about the cryptocurrency. Known for his influential presence in the industry, Sun's actions are closely watched, similar to Elon Musk. Recent on-chain data shows Sun
Russia's Regional Ban on Bitcoin Mining Until 2031
Russia has imposed a ban on Bitcoin mining in energy-strapped regions until March 15, 2031. The ban, effective from Jan. 1, 2025, covers ten regions, including Dagestan, Ingushetia, and Chechnya. It also extends to parts of the Irkutsk region and Buryatia. The restriction applies during peak energy consumption periods, running from Jan. 1 to March 15 in 2025 and from Nov. 15 to March 15 in subsequent years. The aim is to address local electricity shortages and unpaid energy bills, ensuring effic
Decentralized Stablecoin Project Usual Attracts Major Venture Capital Interest
As 2024 comes to an end, Usual (USUAL) is gaining attention from top venture capital firms after its listing on Binance Launchpool. The project, a decentralized stablecoin backed by Real-World Assets (RWA), recently secured additional funding from leading VCs, signaling strong investor confidence in Usual and the RWA sector. With its flagship stablecoin, USD0, supported by US Treasury Bills, Usual has completed a $10 million Series A funding round led by Binance Labs and Kraken Ventures, with pa
XRP Price Analysis and Predictions
Over the past week, XRP has undergone a significant correction, aligning with the overall market trend. However, recent developments on the XRP price chart have brought optimism to altcoin holders. A breakout towards $2.90 has been observed, reminiscent of a previous pattern that led to a 350% surge. The current descending triangle formation hints at a potential upward movement, supported by the Money Flow Index indicating buying pressure. While XRP has been consolidating between $2.20 and $2.72
Analysis of VIRTUAL Token Surge and Market Outlook
The VIRTUAL token, fueling the AI agent platform Virtuals Protocol, has surged by 24% in the last 24 hours, leading the gainers list. The spike in trading volume, up by 109%, signals growing interest and potential for further gains. This rise, supported by a Long/Short Ratio above 1, reflects bullish sentiment and buyer participation. Trading near its all-time high of $3.32, VIRTUAL shows strength after bouncing off the 20-day EMA at $2.31, a key support level. Maintaining above this level could
Decentralized Science: Revolutionizing Research With Blockchain Technology
Decentralized science, known as DeSci, has been gaining momentum in the crypto community by utilizing blockchain technology and tokenized funding to revolutionize research practices. VitaDAO's Maria Marinova sheds light on DeSci's innovative funding model, which incorporates decentralized autonomous organizations (DAOs) for transparency and governance. DeSci leverages blockchain, tokens, NFTs, and DAOs to enhance scientific collaboration, incentivize contributions, and enable community-driven de