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Cryptocurrency Prices Surge as Bitcoin Nears $100K
Bitcoin inched closer to the highly anticipated $100,000 threshold, surpassing $99,000 on Wednesday and pulling Ethereum, Dogecoin, and other top cryptocurrencies along. Despite not hitting the milestone, Bitcoin reached $99,329, its highest since November 22 when it hit $99,645. The surge followed Federal Reserve Chair Jerome Powell's remarks at the New York Times DealBook Summit, comparing Bitcoin to gold rather than the U.S. dollar. Ethereum hit a six-month high of $3,892, while Dogecoin reac
Xai Launches 'Tiny Sentry Keys' to Enhance Ethereum Gaming Network
Xai, an Ethereum layer-3 gaming network, is introducing 'Tiny Sentry Keys' to simplify access to its ecosystem. These NFT-based licenses for nodes offer rewards and benefits to holders. The Xai Foundation has already distributed $340 million in rewards, including the XAI token airdrop. Currently, there are 6,447 Sentry Key holders, a number expected to rise with the launch of Tiny Sentry Keys. These new keys will be sold for $55, significantly reducing the entry barrier. Holders of Tiny Keys wil
ASIC's Proposed Crypto Regulation Framework in Australia
Australia's ASIC is seeking feedback on proposed changes to its crypto regulation framework. The regulator aims to clarify the classification of digital assets under current law, including exchange tokens, NFTs, memecoins, and tokenized assets. ASIC is also considering adding stablecoins and wrapped tokens to the list of classified financial products. The commission is reviewing the AFS licensing system and may introduce new requirements for digital asset businesses. Feedback is due by Feb. 28,
South Korea's Crypto Market Surge Amid Upbit Exit Speculation
South Korea's Woori Technology is reportedly considering selling its stake in Dunamu, the parent company of Upbit, the largest crypto trading platform in the country. Woori invested 5.5 billion KRW in Dunamu in 2015, now holding a 7.22% stake valued at around $300.7 million. The potential sale comes amidst investigations into Upbit for KYC violations and market dominance concerns. President Yoon Suk Yeol's recent emergency martial law declaration caused significant selling activity in the local
Revolutionizing Luxury Car Market with Crypto Integration
CryptoAutos, the world’s first luxury car marketplace powered by crypto, has integrated with Hedera Hashgraph (HBAR), a significant milestone in the automotive industry. This integration redefines the purchase of high-end vehicles using cryptocurrencies, enhancing the platform's capabilities. Hedera's blockchain technology offers low transaction fees, secure settlements, and reliability, making it an ideal match for CryptoAutos. The seamless payment experience enabled by Hedera's technology enha
The Rise of Lunex Network: A Contender to Dogecoin's Price Growth
Speculation surrounds Dogecoin's potential to reach $2 by year-end, but Lunex Network is emerging as a strong competitor. With a unique platform and market position, Lunex Network offers attractive returns to DOGE holders. Despite Dogecoin's recent price surge of over 167% in November 2024, reaching $2 remains uncertain. Dogecoin's current price sits at $0.4253, showing a slight increase. However, challenges such as regulatory hurdles and market competition hinder its growth. In contrast, Lunex
South Korea's Martial Law Order Leads to Record Crypto Trading Volume
South Korea experienced a surge in crypto trading volume to a record $34 billion within 24 hours on Dec. 3 during a brief martial law order. President Yoon Suk-yeol imposed an emergency curfew due to unrest, causing panic among traders. The country's top exchanges, including Upbit, Bithumb, and Coinone, witnessed a significant increase in spot trading volume. The martial law was declared in response to the opposition's perceived threat to national security. The curfew resulted in a rush to sell
Gate Group Introduces Visa-Backed Crypto Card for EEA Users
Gate Group has launched a Visa-backed debit card that allows European Economic Area (EEA) users to seamlessly convert and spend their digital assets. Operating in euros on the global Visa network, the card offers various benefits such as 1% USDT cashback on transactions, doubled rewards for new users, and up to 7% cashback on hotel reservations. It also integrates with Google Pay for contactless payments and allows top-ups with cryptocurrencies like Bitcoin and Ethereum. Users spending over €300
Revolutionizing Cold Storage: The World's First Web3 Laptop
European computer company Metavisio is set to introduce the world's first web3 laptop featuring a built-in cold storage crypto wallet and a token airdrop. The laptop, developed by Metavisio's subsidiary Thomson Computing, will offer three different tiers catering to various needs. While specific specifications are yet to be finalized, the laptops will include a 'secure enclave chipset' for enhanced security. Priced between €499 ($523) and €2,000 ($2,100), the range will encompass models designed
Missouri Senate Bill Aims to Restrict CBDCs as Legal Tender
The Missouri Senate has introduced SB 194, which aims to prohibit central bank digital currencies (CBDCs) from being recognized as legal tender in the state. Sponsored by Senator Brattin, the bill seeks to prevent public entities from using or accepting CBDCs and also modifies the definition of 'money' under the Uniform Commercial Code to exclude these digital currencies. Additionally, SB 194 requires the State Treasurer to hold gold and silver reserves equal to at least 1% of all state funds an
Vitalik Buterin has called on the crypto community to take action in his detailed 4,000-word blog post outlining his vision for future Ethereum wallets. He emphasizes the importance of privacy, security, and user-friendliness to make Ethereum wallets the foundation of decentralized interactions. Buterin stresses that the effectiveness of Ethereum as a decentralized platform relies on the properties of the wallets users use. He proposes privacy upgrades like Waku and advanced security measures su
Nifty Island Token Launch Date Revealed After Play-to-Airdrop Campaign
Nifty Island, a metaverse gaming platform on Ethereum, has announced that its ISLAND token launch is scheduled for December 17. The platform recently completed a nine-month play-to-airdrop campaign, allowing users to earn rewards leading up to the ISLAND token rollout. Participants in the campaign will receive 12.5% of the total ISLAND token supply, an increase from the initial distribution. With over 140,000 active wallets and 70,000 playable islands created during the campaign, Nifty Island is
Illuvium Beyond Collaborates with Casio G-Shock for NFT Card Collection
Blockchain gaming franchise Illuvium has partnered with Casio's G-Shock watch brand to introduce a series of NFT cards for their Illuvium Beyond card collection game. This collaboration, part of the third wave of NFT card releases, features six characters from the game adorned in G-Shock gear. Players can expect a mix of holographic and non-holographic digital cards, with each character having three background options, resulting in 108 variations. The collection will be available for purchase fr
Neon EVM Introduces Solana Framework for Ethereum Integration
Neon EVM has launched a new Solana-native framework to integrate Ethereum dApps with Solana's ecosystem. The framework allows direct interaction between Solana wallets and Ethereum applications, utilizing Solana's high-performance infrastructure. Key features include Solana wallet compatibility for Ethereum transactions, an on-chain mempool for scalable execution, and intent-based operations for conditional transactions. This update simplifies wallet management and enhances user control over ass
Cryptocurrency Integration in Luxury Aviation Industry
Stratos Jet Charters has teamed up with BitPay to accept cryptocurrency payments for its private jet services, a significant advancement in the luxury aviation sector. This collaboration allows customers to book flights using a variety of cryptocurrencies, such as Bitcoin and Ethereum, offering a smooth and contemporary payment experience. By incorporating cryptocurrency payments, the airline can enjoy benefits like reduced transaction fees, quicker processing times, and minimized currency conve
Japanese cryptocurrency exchange DMM Bitcoin is shutting down following a massive $320 million hack. Despite efforts to recover customer assets, the company is now transferring accounts to SBI VC Trade. The hack, believed to be orchestrated by the Lazarus Group, a North Korean hacker group, prompted Japanese financial regulators to urge stricter security measures for other exchanges. DMM Bitcoin, which fell victim to the hack several months ago, is currently in the process of liquidation. The cl
Revolutionizing Home-Based Mining with Terminal Multi-Miner
In Zug, Switzerland, on December 3rd, 2024, Streamr and JDI are collaborating to introduce the Terminal Multi-Miner, a device that revolutionizes home-based mining. This innovative device combines multi-token mining capabilities with decentralized protocol participation, offering users a new way to engage with DePIN and the decentralized economy from their homes. The Terminal Multi-Miner supports various cryptocurrencies, including $DATA and $ANYONE, with plans to integrate more tokens in the fu
Pepeto, a memecoin project, has successfully raised over $1 million in its presale phase, garnering significant interest from the cryptocurrency community. Beyond being just a memecoin, Pepeto aims to revolutionize the memecoin sector by introducing a bridge and exchange platform to enhance liquidity, accessibility, and collaboration among tokens. With plans to embrace all next-generation memecoins in the upcoming 2025 bull run, Pepeto is establishing itself as a pivotal project in the crypto sp
Namada Launches Mainnet for Shielded Cross-Chain Transactions
Namada, based in Zug, Switzerland, has officially released its genesis block, signaling the launch of its mainnet. The mainnet rollout includes staking and governance, marking the initial phase of Namada's decentralized network. Namada aims to safeguard user data during on-chain activities and cross-chain transactions through its Multi-Asset Shielded Pool (MASP). This innovative feature allows users to shield data related to any asset, facilitating secure interactions across various blockchain n
Transition to Stablecoins: dtcpay's Strategic Move
Singapore's dtcpay, a licensed payment platform, has announced a significant change effective 2025. The company will no longer accept Bitcoin and Ethereum as payment methods, focusing instead on stablecoins and fiat currencies for increased stability. This decision aims to provide a more secure payment environment in compliance with regulations. dtcpay plans to pivot towards stablecoins like USDT, USDC, WUSD, and FDUSD starting January 2025, aligning with the growing trend of digital payments. B