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Cryptography News
Coindoo
1w
172
Image Credit: Coindoo
Boost VC Invests in PoSciDonDAO, Welcoming It to Their Go-To-Market Program
- Boost VC has invested in PoSciDonDAO, a project aiming to decentralize scientific research and innovation.
- The investment includes PoSciDonDAO's acceptance into Boost VC's Go-To-Market Program, providing valuable support.
- Boost VC has a commitment to decentralized science and has invested in various similar projects in the past.
- The partnership aims to promote transparency, inclusivity, and equity in scientific research.
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Cryptoticker
1w
327
Image Credit: Cryptoticker
How Could the Crypto Market Behave in the Next Two Months After the Fed Rate Cut?
- The recent rate cut by the U.S. Federal Reserve has sparked optimism in the crypto market.
- Increased liquidity and institutional participation could drive a sustained rally.
- Institutional adoption, market sentiment, and macro factors will play important roles.
- Bitcoin and Ethereum are likely to lead, with altcoins experiencing volatility.
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Bitcoinmagazine
1w
314
Vancouver’s Mayor Shares His Pro-Bitcoin Vision
- Vancouver's Mayor Ken Sim is a Bitcoin enthusiast working to make Vancouver a more Bitcoin-friendly city, advocating for the development of a strategic bitcoin reserve. He believes that, in a perfect world, Vancouver would allow people to transact with bitcoin without triggering capital gains tax events and accept payments in the form of bitcoin. According to Mayor Sim, Bitcoin adoption in Vancouver would lead to an immutable record and add a level of transparency never seen in history. He believes that Bitcoin adoption would bring financial hope to citizens at a time when many are struggling financially.
- Mayor Sim “showers people with love and then hits them with facts” to educate them about Bitcoin, particularly as many believe that Bitcoin is bad for the environment. Mayor Sim believes the opposite is the case and that Bitcoin can help save the environment. Bitcoin incentivizes organizations to capture the natural gas, repurpose it for Bitcoin mining and build alternative or green energy projects, which would otherwise be uneconomic. Moreover, Bitcoin mining provides a guaranteed customer in the form of Bitcoin miners, and it would be net positive for the environment.
- Mayor Sim believes that Bitcoin is the greatest invention in human history, and it could change how humans interact with each other and how nation states evolve. The fiat currency is broken, and Bitcoin provides hope that could set up Vancouver's future prosperity for the next hundred years. As Bitcoin is difficult to use technically, he believes that the Bitcoin community needs to start pumping the true narrative of why bitcoin is a sound financial asset and getting the education out there.
- Mayor Sim does not see the Vancouver city government educating its residents on Bitcoin but believes that Bitcoin supporters need to push the narrative with elected officials to get them to see the value. Mayor Sim says that Vancouver could transform into a pro-Bitcoin city relatively quickly if people come onboard and see how Bitcoin can reduce some of the financial stress in their lives.
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Cryptopotato
1w
180
Image Credit: Cryptopotato
UTXO Stack Completes Series A Funding, Plans TGE in Q1 2025
- UTXO Stack completes its Series A funding round at a $50 million valuation.
- They plan to launch a large-scale airdrop incentive program in early January 2025.
- UTXO Stack will collaborate with CKB's Fiber Network for liquidity airdrop incentives.
- They are set to host their Token Generation Event (TGE) in Q1 2025.
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Cryptoticker
1w
272
Image Credit: Cryptoticker
XRP Crash: What Happened and What's Next for the Last Days of 2024?
- XRP's recent market crash has raised questions about its stability and future prospects in the crypto space, triggered by a combination of regulatory pressure, market-wide sell-offs, and whale liquidations.
- The ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is a major contributor to XRP’s volatility, especially amidst fears of stricter regulations.
- Macroeconomic factors such as interest rate hikes by the U.S. Federal Reserve and ongoing fears of a global recession have also led to risk-off sentiment in crypto and financial markets.
- Negative investor sentiment can exponentially accelerate XRP's sell-off. Ripple's international partnerships and expansion could soften the impact of regulatory woes.
- XRP’s future depends heavily on the outcome of the SEC lawsuit, which could spark a recovery or further sell-offs, a verdict which might materialize in 2024 and determine the token's status as a security or non-security.
- XRP's market ranking took a significative drop concerning its legitimacy and influence within the broader crypto space.
- In the short-term, analysts predict that XRP can retrace to critical support levels, presenting a strategical dip entry point, for those with a long-term outlook.
- Investors should assess the risks and rewards of buying during a market crash, using strategies such as dollar-cost averaging and monitoring sentiment analysis and technical indicators.
- Key indicators to watch for a potential reversal include a break above the 50-day moving average and bullish divergence on the MACD.
- The unfolding of key legal events, Ripple's global expansion, and technical indicators are crucial for the future of XRP in 2024.
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Medium
1w
335
Image Credit: Medium
RAILGUN 2024 — A Year in Review
- RAILGUN protocol experienced tremendous growth in 2024, with almost $90 million held in private 0zk addresses as of 5th December, representing a 650% increase YoY, and up by thirty times since 2023.
- The total value held by 0zk addresses determines the privacy level of the RAILGUN protocol, making RAILGUN the first choice for privacy on Ethereum/EVM in the DeFi space.
- The shielded volume hit a milestone of $2 billion in October 2024, with $1.7 billion contributed by transaction volumes in 2024 alone, thereby establishing RAILGUN as a next-generation privacy solution.
- The growth in the treasury was organic, with 0.25% of tokens entering and exiting smart contracts sent to the treasury. The Active Governors, responsible for treasury governance on their respective chain, have been rewarded with 2% of treasury's ETH/BNB/POL, DAI, and RAIL every two weeks, resulting in Active Governors receiving around $1.9 million for their efforts in 2024.
- RAILGUN also offers private DeFi volume, where users have private access to dApps on Ethereum/EVM, with all on-chain liquidity and dApps remaining undoxed and unbothered.
- RAILGUN users swapped over $68 million privately through the 0x Dex Recipe in 2024 alone, with development efforts on RAILGUN_connect ongoing for 2025.
- Vitalik Buterin himself endorsed RAILGUN in 2024 by using the protocol and citing Private Proofs of Innocence as a key differentiator and a reason for his personal preference for RAILGUN protocol.
- The RAILGUN community continues to grow, with over 10,000 followers added collectively on social media platforms, including active Twitter profiles and Telegram groups.
- RAILGUN's roadmap for 2025 includes protocol upgrades, such as RAILGUN_connect, RAILGUN v3, and Private Proofs of Innocence v2, with the goal of privacy of tens of billions of value on Ethereum possible.
- RAILGUN's success in 2024 indicates that the project has the potential to continue growing and becoming the go-to privacy solution for DeFi on Ethereum and beyond.
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Coindoo
1w
134
Image Credit: Coindoo
Harbour Teams with Velocity Labs to Launch Instant Stablecoin Payment Between EU Banks and Polkadot
- Harbour, in partnership with Velocity Labs, has launched their stablecoin payment system “Magic Ramp”, connecting SEPA Instant payment rails with Polkadot.
- Magic Ramp allows Euros to be sent from any bank account and received as USDC on-chain in less than 30 seconds, with minimal fees.
- Developers can issue virtual IBANs linked to Polkadot wallet addresses, bridging SEPA Instant payment rails in Europe with the Polkadot Asset Hub.
- Harbour's Magic Ramp simplifies integration of traditional banking entities with Web3, addressing challenges in payments to meet market needs.
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Bitcoinmagazine
1w
331
Don't Fall for the Bitcoin Crash – It's Just a Breather
- The recent dip in Bitcoin price is nothing to worry about.
- The comments from the Fed Chair about Bitcoin policy are irrelevant.
- Dips like this are normal and healthy in a bull market.
- Opportunities for Bitcoin growth are expected in the coming years.
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Bitcoinmagazine
1w
33
The IMF Just Improved El Salvador’s Bitcoin Law
- The IMF has reached a $1.4 billion loan deal with El Salvador.
- As part of the deal, El Salvador has removed certain pro-Bitcoin policies.
- Merchants will no longer be obligated to accept Bitcoin.
- El Salvador will wind down operations of its Chivo wallet.
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Coindoo
1w
403
Image Credit: Coindoo
Bybit x Block Scholes Crypto Derivatives Report: BTC at All-Time High, ETH Options Signal Momentum
- Bybit, the world’s second-largest cryptocurrency exchange, released its latest crypto derivatives analytics report in collaboration with Block Scholes.
- Bitcoin (BTC) surges to an all-time high, but derivatives markets show cautious optimism.
- Ethereum (ETH) options market indicates bullish sentiment.
- Bybit Research suggests a cautious approach in the derivatives market despite BTC's record-breaking price.
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Coindoo
1w
239
Image Credit: Coindoo
Bety.com Introduces Blockchain-Powered Transparency and Fairness to Online Gaming
- BETY.com is integrating blockchain technology and hash algorithms to enhance transparency and fairness in online gaming.
- The platform ensures decentralization and immutability by storing game data and betting records securely on the blockchain.
- BETY.com utilizes smart contracts for automatic settlement, improving operational efficiency and eliminating human interference.
- Through hash algorithms, players can independently verify game results, reinforcing the platform's credibility.
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Bitcoinmagazine
1w
138
Human Rights Foundation Donates 700,000,000 Satoshis To Fund Bitcoin Development And Projects
- The Human Rights Foundation (HRF) has announced the latest recipients of its Bitcoin Development Fund grants.
- The grants worth 7 BTC which are currently worth around $706,000 have been given to 20 different projects from across the globe.
- The grantees include independent media outlets, focuses on technical education for people living under authoritarian regimes, projects decentralizing mining, and more private financial solutions for human rights groups.
- The grants will mainly focus on regions in Latin America, Asia, and Africa.
- Recipients include Naiyoma, the first female Bitcoin Core developer from Africa and Tomatech, a community dedicated to building a team of developers in India to advance Bitcoin infrastructure.
- Other projects that have received funding include No BS Bitcoin, Tando, Unify, YakiHonne, and more.
- The Human Rights Foundation is a nonpartisan, nonprofit 501(c)(3) organization that promotes and protects human rights globally, with a focus on closed societies.
- The HRF continues to raise support for the Bitcoin Development Fund.
- Applications for grant support by the HRF can be submitted here.
- All these grants aim to strengthen the Bitcoin network and empower marginalized communities to achieve financial sovereignty through self-custody.
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Financemagnates
1w
71
Image Credit: Financemagnates
Bitcoin Miners Expand Holdings: Hut 8's Reserve Tops $1 Billion
- Hut 8, a prominent player in North America's Bitcoin mining sector, has boosted its Bitcoin reserves amid the current crypto bull market.
- A $100 million Bitcoin purchase has pushed the company's reserve to 10,096 coins, valued at over $1 billion as of today (Thursday).
- The company's reserve was built through a mix of low-cost production and timely market purchases, achieving an average acquisition cost of $24,484 per Bitcoin.
- Hut 8's Bitcoin reserve supports key growth initiatives, including upgrading mining fleets and developing energy and digital infrastructure.
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Changelly
1w
0
Image Credit: Changelly
Celebrate the Holidays with Changelly’s “Crypto-Giving Christmas” Campaign
- Changelly is hosting a "Crypto-Giving Christmas" campaign to share the joy of crypto with loved ones.
- From now until December 25, users can send crypto gifts without service fees using the promo code CRYPTOHUGS.
- Participants also have a chance to win one of 10 Trezor hardware wallets.
- Changelly is a global crypto exchange platform with over 7 million users worldwide.
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Cryptoslate
1w
163
Image Credit: Cryptoslate
Bitwise CIO downplays price ‘hiccup’ amid Bitcoin bull trend after FOMC shakes markets
- Bitcoin's price experienced a pullback following the US Federal Reserve's rate cut, triggering market reactions.
- Bitwise CIO remains optimistic about Bitcoin's long-term trajectory.
- Bitcoin's fundamentals are strong with growing institutional adoption and pro-crypto policy shifts.
- Despite short-term fluctuations, Bitcoin is expected to continue its multi-year upward trend.
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