The negotiations between El Salvador and the International Monetary Fund (IMF) to secure a loan of 1.4 billion dollars had repercussions on Nayib Bukele's bitcoin policy. Although the deal was agreed upon, the country of volcanoes will concede some areas, one of which is that it will discontinue the Chivo wallet.
Highlights of today El Salvador will disconnect the Chivo Wallet from bitcoin. What else has El Salvador conceded in the struggle with the IMF? Bitcoin's drop leaves millions of dollars in losses for traders.
Bitcoin will remain legal in El Salvador, but without the Chivo Wallet.
More than three years of negotiations, dozens of meetings, and trips, but the results have already begun to arrive. Bitcoin (BTC) remains legal tender in El Salvador, whether the International Monetary Fund likes it or not, but the country had to concede to some requests related to bitcoin to gain access to a necessary loan of 1.4 billion dollars.
The government of Nayib Bukele will have to discontinue, or in that case sell, the Chivo Wallet, which was once the starting point for the adoption of bitcoin in the Central American country. Launched in September 2021, the wallet was the first entry point into the world of bitcoin for many Salvadorans.
If we assess the results of the negotiations, El Salvador achieved victory. Beyond the request related to the wallet, bitcoin remains on the country's political agenda and is attracting investments. The educational deployment on BTC remains intact, and now the nation will have funding for new structural projects.
NEIRO went to hell, it was useless that it reached this price 0.00297654💲💵 last month if it already reached the same price when Binance listed it. Today it is quoted at 0.00098765💲💵 what a mess, cryptocurrencies are very treacherous. All of this is because of BITCOIN which is causing a strong drop due to the significant correction it is experiencing 😡😡 what anger this loss we are experiencing brings. December has betrayed us, it has been a month of total bleeding.
Venezuelans cross into Colombia to get their irises scanned with Worldcoin Worldcoin has surpassed TikTok in downloads in Colombia, especially among Venezuelan migrants.
Worldcoin offers WLD tokens for iris scanning, with additional incentives for recruiters. There are questions about iris scanning about whether users understand what they are giving up.
The cryptocurrency project Worldcoin, now known as World, has surpassed the social network TikTok in the ranking of most downloaded applications in Colombia, reflecting the significant interest of the inhabitants of a country that is home to almost 3 million Venezuelan migrants, the highest number worldwide.
On the border between Venezuela and Colombia, Worldcoin has captured the attention of numerous Venezuelan citizens as a way to earn additional income. Between 140 and 160 Venezuelans pass through this area every day, crossing into Colombia via the Cúcuta border, according to data from the Colombian-Venezuelan NGO, which has been dedicated to providing humanitarian aid to "migrant walkers" since 20215.
Venezuela is going through a deep political and economic crisis that has intensified in recent years. Both crises are intertwined, where political instability has exacerbated the economic crisis and vice versa, creating a cycle of deterioration that deeply affects the population. The economic crisis in Venezuela is characterized by hyperinflation that has seen high annual rates, drastically eroding the purchasing power of citizens. So, due to a combination of factors, such as the devaluation of the national currency and the exchange rate gap between the official and parallel dollar, a massive migration was triggered, with millions of Venezuelans leaving the country in search of better opportunities, contributing to one of the most significant migration crises in Latin America.
In this context, Worldcoin is attracting the interest of Venezuelans, especially in the border area near Cúcuta, where there are three offices dedicated to iris scanning.
all the crypto is going to hell starting with NEIRO SHIBA PEPE BONK FLOKI world 1MBABYDOGE and all the others the world of cryptocurrencies is bleeding out in quantity December is turning out to be a bearish month a bad month for the market and all investors were expecting something positive but it was not so it was all the opposite everything is going to hell this is crap 😡😡😡 what a disappointment the world of cryptocurrencies is like this it is treacherous and it is risky how one can win or lose that sometimes is a piece of crap at this moment. just like 😡😡😡
The pre-sale of RLUSD, Ripple's new cryptocurrency, has surged Many are rushing to be among the first to own the Ripple digital dollar USD.
The stablecoin RLUSD is creating a frenzy in the market.
There are offers of up to 800 XRP to acquire the stablecoin. This is not an investment, as RLUSD should be priced at 1 dollar. The launch of Ripple's stablecoin RLUSD is scheduled for today, December 17, on the main exchanges.
In any case, some dApps in the Ripple ecosystem are experiencing pre-sales (before the official market release).
The purchase offers for RLUSD range from 500 XRP, equivalent to 1,237 dollars, to 836 XRP, equivalent to 2,068 dollars, according to data from Xaman, a self-custody wallet developed for the XRP Ledger ecosystem.
An example of this can be seen in the following image from Xaman, where the price of 1 RLUSD is equivalent to 511 XRP.
Great compression in XRP anticipates explosive movement Ripple's cryptocurrency continues to consolidate a bullish pennant pattern.
If this movement continues its trend, XRP would shoot up. The rise of bitcoin favors the increase of cryptocurrencies. XRP continues to consolidate a bullish pennant, a figure that reflects optimism among its investors.
In trading, a pennant is a technical analysis indicator characterized by a period of consolidation in the market. It forms when the prices of a digital asset stabilize after a bullish movement.
The pattern is characterized by a strong initial movement, known as the flagpole, followed by a compression phase, in which the highs and lows of the price progressively narrow until the pennant is formed. This compression usually precedes an explosive movement in the same direction as the previous trend, that is, upward.
As reported by CriptoNoticias11, the price of the cryptocurrency issued by Ripple Labs has seen significant growth after Donald Trump's victory in the United States elections, reaching a high of $2.90, price levels not seen since early 2018.
Since then, the price of XRP has registered a downward correction and is now hovering around the $2.40 zone. As seen in the following TradingView chart, during that period, the pennant was formed in the price of XRP.
Ripple USD stablecoin to debut trading tomorrow Ripple’s RLUSD stablecoin will debut on Dec. 17 on platforms including Uphold, MoonPay, Archax, and CoinMENA, the company has stated.
Ripple, the blockchain firm behind XRP, confirmed that its Ripple USD (RLUSD) stablecoin will begin trading globally tomorrow, Dec. 17.
RLUSD, a new US dollar-backed stablecoin developed by Ripple, is ready for its global market debut, the firm announced to Cointelegraph on Monday, Dec. 16.
The announcement came after the New York Department of Financial Services (NYDFS) approved the launch of RLUSD on Dec. 10, greenlighting the stablecoin’s entry into global financial and cryptocurrency markets.
Ripple also announced key appointments to its RLUSD advisory board, including a former Reserve Bank of India governor.
Initial RLUSD Availability Locations Introduced in June, RLUSD is a 1:1 stablecoin backed 100% by US dollar deposits, short-term US Government Treasury bonds, and other cash equivalents.
At launch, Ripple's RLUSD stablecoin will initially be available on major cryptocurrency platforms and exchanges, including Uphold, MoonPay, Archax, and CoinMENA, according to the announcement.
In the coming weeks, RLUSD is expected to be listed on platforms including Bitso, Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash, and others.
Looking ahead to global adoption of its RLUSD stablecoin, Ripple expects its partner network to drive its use across the Americas, Asia-Pacific, the United Kingdom, and the Middle East regions.
RLUSD coming to global payments in early 2025 In addition to offering a new enterprise-grade regulated stablecoin, Ripple plans for RLUSD to serve as a cross-border settlement and treasury remittance tool.
Ripple plans to integrate RLUSD into its digital payment protocol, Ripple Payments
Hay una empresa que está comprando más Bitcoins que nadie en el planeta. Es una apuesta loca y tiene bastante sentido MicroStrategy tiene ya más de 423.000 bitcoin comprados. Y no va a parar de hacerlo Su valor está directamente asociado al valor de la criptomoneda, pero eso conlleva riesgos importantes.
Entre 2011 y la mayor parte de 2020, la capitalización de mercado de MicroStrategy osciló entre los 1.000 y los 2.000 millones de dólares. Hoy su capitalización es de 85.000 millones de dólares, y la culpa la tiene una criptomoneda: bitcoin. ¿Qué ha pasado? Veámoslo.Qué es MicroStrategy. Fundada en 1989 por Michael J. Saylor (en la imagen), Sanju Bansal y Thomas Spahr, la empresa comenzó a desarrollar soluciones software con las que las empresas podían analizar datos y tomar decisiones. En los siguientes 30 años las cosas no cambiaron mucho, y la empresa, aunque creció de forma notable, pareció estancarse en la década pasada. Y entonces algo pasó.
Vamos a comprar bitcoins. En agosto de 2020, Saylor anunció que su empresa compraría bitcoins como parte de su estrategia para tener una reserva de capitales. En aquel momento gastó 250 millones de dólares para comprar 21.454 bitcoins, con un coste de 11.863 dólares por bitcoin. En estos momentos un bitcoin tiene un valor de más de 97.000 dólares. Aquella apuesta inicial fue solo el principio.
Vamos a comprar (muchos más) bitcoins. Desde entonces, MicroStrategy no ha parado de comprar bitcoins, y de hecho en las últimas semanas su apuesta por esta criptomoneda se ha redoblado a pesar de que el precio ha alcanzado máximos históricos. Entre noviembre y diciembre de 2024 ha invertido casi 100.000 millones de dólares para comprar 171.430 bitcoins.
The DOGE fractal suggests it will see an 85% increase amid whale accumulation The price of Dogecoin appears to be repeating its 2021 fractal.
Dogecoin is exhibiting a price pattern that resembles its behavior before a rally of 8,000% in 2021, fueling speculation about another significant rise in the coming weeks.
The consolidation trend of DOGE mimics that of 2021 The price of Dogecoin DOGE
has surged 480% from its August lows, including a jump of 220% following Donald Trump's victory in the November presidential elections. However, the cryptocurrency has now entered a period of consolidation.
In particular, DOGE is trading within a narrow range of USD 0.39 to 0.48, marked by red circles in the previous chart, following its recent parabolic bounce. The consolidation phase reflects that of early 2021, when Dogecoin experienced a strong upward movement followed by a sideways trend before another major breakout.
Another similarity between the price trends of Dogecoin in 2021 and the current one is the weekly relative strength index (RSI).
In December, the weekly RSI had entered overbought territory above 70, a technical signal for a price correction or prolonged consolidation. In 2021, similar overbought conditions did not lead to a significant drop but to continued upward movement.
If history repeats itself, DOGE could initially target USD 0.75 in January 2025, as indicated by Fibonacci retracement projections, reflecting an 85% price increase.
Whale accumulation rises amid Elon Musk's influence On-chain data further supports the bullish outlook.
Messari shows that addresses holding 1 million DOGE or more now hold 130.2 billion DOGE, marking an all-time high. The increase in the number of whale addresses indicates growing confidence among large investors.
Analysis of Shiba Inu (SHIB): Why Experts Point to a 180% Rise The popular dog-themed cryptocurrency, Shiba Inu (CRYPTO:SHIB), surged sharply on Wednesday amid a widespread market rally.
What Happened The second largest meme cryptocurrency by market capitalization increased by more than 7% over the last 24 hours, outperforming its larger sibling, Dogecoin CRYPTO DOGE.
The surge came after Bitcoin reclaimed the $100,000 level, triggering the widespread market rally.
Analyst JAVON MARKS predicted a significant upward movement for SHIB, with a target of $0.000081.
With this target of $0.000081 still in play, we could soon witness a rise of over 180%, and it may have already started to take effect as we speak, the analyst commented.
The readings of the moving averages also supported the bullish potential of the cryptocurrency. Almost all of SHIB's exponential and simple moving averages showed a buy signal, according to TradingView.
What is PEPE and how does it work Memecoins are loved by cryptocurrency enthusiasts, and PEPE is one of the favorites.
PEPE is a memecoin that operates as a token on the Ethereum network. The name of the coin is inspired by the famous internet character: Pepe the Frog, who was immortalized in bitcoin culture thanks to a collectible card game in the NFT style.
PEPE is a token that exists on the Ethereum network. PEPE seeks to capitalize on the popularity of meme-based cryptocurrencies. The value of memecoins is based on their ability to be a joke and create community. In addition to PEPE, there is a series of NFTs called Rare Pepes that precedes the cryptocurrency. With the popularity of PEPE, a second project called PEPE Unchained was born.
Like Dogecoin (DOGE) and Shiba Inu (SHIB), it is a memecoin, whose main utility is to make internet users laugh, create communities, and become a means of financial speculation.
Former Coinbase Executive States That Bitcoin Is Already the Global Reserve Asset and Will Surpass Gold Bitcoin Is Already Considered a Global Reserve Asset Due to Its Accessibility and Speed Bitcoin's Liquidity Exceeds Gold by at Least 1,000 Times, According to Srinivasan. Bitcoin Transactions Eliminate the Logistical Complexities of Gold, Such as Physical Transportation.
Balaji Srinivasan, Former Chief Technology Officer of Coinbase and a Prominent Advocate for Cryptocurrencies, Has Made a Bold Statement About the Future of Bitcoin: He Claims That BTC Has Not Only Achieved the Status of a Global Reserve Asset, but Will Eventually Surpass Gold as the Primary Safe Haven for Value.
Srinivasan Bases His Analysis on the Logistical Superiority, Unmatched Liquidity, and Digital Adaptability of Bitcoin Compared to the Precious Metal.
Bitcoin Outperforms Gold in Liquidity and Global Adoption According to Srinivasan Srinivasan Argues That Bitcoin Has Already Established Itself as a Global Reserve Asset Thanks to Its Accessibility and the Absence of Intermediaries. According to the Entrepreneur, Anyone or Entity Can Buy or Sell Bitcoin at Any Time, from Anywhere and Any Device, for a Known Price. This Contrasts with the Traditional Limitations of Gold, Which Requires Intermediaries and Complex Physical Processes.
Furthermore, He Pointed Out That Bitcoin Allows Instant and Secure Transactions, Without the Logistical Restrictions of Moving Gold Bars Across Borders. Nothing Else Compares to This, Srinivasan Stated, Highlighting Bitcoin's Advantage in an Increasingly Digital World.
One of Srinivasan's Key Points Is the Comparison Between the Logistics of Gold and Bitcoin. He Used Germany as an Example, Which Between 2013 and 2020 Repatriated 3,378 Tons of Gold from the Federal Reserve Bank of New York. This Process Took Years and Millions of Dollars in Transportation and Security Costs. In Contrast, an Equivalent Bitcoin Transfer in Value Could Have Been Completed in Minutes with Minimal Fees.
Europe needs a DOGE This is not about a new electric car to compete with its equivalents and more affordable Chinese cars. DOGE is the English acronym for the Department of Government Efficiency that Donald Trump will promote in his second term.
This is not about a new electric car to compete with its equivalents and more affordable Chinese cars. DOGE is the English acronym for the Department of Government Efficiency that Donald Trump will promote in his second term as President of the United States, which will officially begin on January 20. It will consist of a commission that Trump has tasked Elon Musk (entrepreneur and founder of Tesla and many other companies) and Vivek Ramaswamy (an anti-woke guru who was at one point Trump’s Republican rival and is now one of his main supporters) with the goal of directing this government department aimed at reducing bureaucracy and federal spending.
The data on the economic decline of European citizens A few days ago, I explained in this forum how the pillars of the welfare state have been crumbling in Europe for years due to poor management of public spending (subsidy policies in exchange for votes at their base) and the accumulation of deficits and debt. What is happening to Spaniards in terms of wealth per citizen, a situation largely extrapolable to the hard core of Europe, is summarized in this analysis from Our World In Data developed at the University of Oxford by social historian and economist Max Roser:
"The levels of GDP per capita recorded in Spain are already 41% below the peaks reached twenty years ago. If we take the latest data from the World Bank for 2021, we can see that Spain reaches a GDP per capita of approximately $38,000, compared to nearly $64,000 that the North American country achieves. If we adjust the data from 2001 to account for inflation and differences.
attention 1MBABYDOGE has risen by 49% trading at 0.0060789💲 it is expected that in the coming days 1MBABYDOGE may eliminate a zero trading at 0.012345💲🚀 1MBABYDOGE is skyrocketing this could be historic
I invite you to invest in Babydoge before it is too late as stated by criptonoticia11
The number of holders and the price of SHRUB (memecoin based on Elon Musk's mascot) are growing There are rumors and indications that the hedgehog Shrub could be the official mascot of Tesla.
More than 13,000 SHRUB holders are waiting for Elon Musk to say something about his mascot. SHRUB does not provide any great technological solution to the world; it is intended to be just a joke. As CriptoNoticias reported days ago, Shrub (SHRUB) is a meme cryptoactive (or memecoin) that "lives" on the Ethereum network.
As CriptoNoticias reported days ago, Shrub (SHRUB) is a meme cryptoactive (or memecoin) that "lives" on the Ethereum network.
This token is inspired by Shrub, which is one of the pets of Elon Musk, owner of Tesla, X and SpaceX, among other companies.
The real Shrub is a hedgehog that the entrepreneur has talked about in some posts on X.
In addition, there are rumors and indications that this hedgehog could become (or even already be) the official mascot of Tesla.
On Saturday, December 7, this news portal showed that the number of holders of the SHRUB token or, more precisely, the number of Ethereum wallets with a SHRUB balance greater than zero was approximately 12,000.
At the time of this publication, as can be verified on block explorers or on-chain price tracking pages, such as DexTools, there are 13,290 wallets that hold SHRUB. This represents an increase of 10.75% in just 48 hours.
PEPE reaches new all-time high, what is happening? The meme cryptocurrency reached USD 0.000027, driven by the drag effect of bitcoin and the altcoin season.
PEPE was launched in 2023 after the success of other memecoins like Dogecoin and Shiba.
PEPE has risen by 1,626% in just one year. The meme cryptocurrency is now more valuable than litecoin.
The meme cryptocurrency PEPE marked a new all-time high of 0.000027 dollars, after an explosive increase of 15% in a single day.
According to data from CoinMarketCap, the price of the memecoin went from 0.000021 to over 0.000026 dollars in a matter of hours. It then corrected and is currently holding above USD 0.000026💲.
The increase of PEPE was promoted by the drag effect of bitcoin (BTC) and the already confirmed altcoin season, which indicates good performance for alternative cryptocurrencies to BTC, as reported by CriptoNoticias. This context has allowed PEPE to experience significant growth, driven by the widespread trend in the market.
With the rise and the new ATH, the market capitalization of PEPE is now 10.68 billion dollars. This places this memecoin above the cryptocurrency litecoin (LTC) in terms of market value. The market capitalization of LTC is currently 10 billion dollars, according to CoinMarketCap.
PEPE not only surpasses litecoin but also threatens to take the 20th spot from the UNI token, native to the decentralized exchange Uniswap, which currently has a capitalization of 11.2 billion dollars. This meteoric rise of PEPE in the cryptocurrency ecosystem highlights its growing relevance and popularity among investors and traders.
3 Cryptocurrencies With Over 8000% Price Upside Potential in Q1 2025
As we head into 2025, several cryptocurrencies are showing signs of a potential rally, with some projects like Shiba Inu (SHIB), Pepe (PEPE), and Minotaurus (MTAUR) positioning themselves for impressive price increases. These coins have generated significant momentum in recent weeks, making them highly anticipated in the cryptocurrency community.
Minotaurus, in particular, is drawing attention through its pre-sale, which offers substantial benefits for early participants. Buyers are keeping a close eye on these projects as they hold the potential for exponential price increases in early 2025.
Shiba Inu Continues to Rise Amid Bullish Trend Shiba Inu, the popular meme-based cryptocurrency, continues to show resilience in the current bull market. Recently, Shiba Inu hit an all-time high on its Shibarium ecosystem, reaching a remarkable milestone of 10.47 million USDT in total value locked. This increase has been fueled by its ever-growing ecosystem and new projects like the SHI stablecoin and SHIB DeFi.
The current price of Shiba Inu is 0.00003059 USDT, which is up roughly 13% over the past 24 hours. Over the past month, Shiba Inu has appreciated by 70%, reflecting the growing interest in meme coins as the market heats up. Looking ahead to early 2025, analysts predict that Shiba Inu could see a continued rally, with some suggesting that its price could rise as high as 0.0000444 USDT by mid-December 2024.
XRP would be forming a bullish flag. What’s next for Ripple's cryptocurrency? Technical analysis allows for estimating the upcoming price movements of XRP.
XRP is going through a correction period within a macro bullish trend. Analyst Jacobo Maximiliano believes that XRP could reach 7 dollars in this cycle. The cryptocurrency issued by Ripple Labs, XRP, has been one of the highlights of the last month.
Since Donald Trump was declared the winner of the presidential elections in the United States, XRP experienced a rise that took it to 2.90 dollars. Such prices had not been seen for XRP since the end of 2017.
Then, XRP entered a corrective period in which it currently finds itself.
The following chart, provided by TradingView, allows observing the behavior of XRP since August 1, with candles (red or green vertical bars of 4 hours).
Many may be wondering, is this the end of the XRP rise? Is the bullish cycle over for Ripple's cryptocurrency?
If it were so, that wouldn’t be bad. After all, XRP had a remarkable 280% rise in the last 365 days.
However, there are reasons to believe that XRP still has bullish potential.
From the perspective of chart analysis and technical analysis, signs of the formation of a structure known as a bullish flag are detected. This pattern is generally characterized by a strong initial movement (the flagpole), followed by a consolidation period with converging highs and lows (the flag), which tends to resolve in the direction of the previous trend.
If such an appreciation were accurate, then XRP is just having a natural and organic pause within a macro bullish trend that is still not over.
Thus, Ripple's cryptocurrency could perhaps see new all-time highs in this bullish cycle, perhaps this year or in 2025.