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Cryptography News
Cryptopotato
19h
271
Image Credit: Cryptopotato
Veles Unveils Backtesting Solutions for Crypto Traders
- Veles, a leader in algorithmic trading solutions, has introduced a sophisticated backtesting toolset tailored for cryptocurrency traders.
- These tools empower users to evaluate and refine strategies by leveraging advanced technology to uncover market inefficiencies and enhance trading outcomes.
- Veles' backtesting solutions offer traders the ability to optimize strategies while minimizing risks.
- The platform integrates with top cryptocurrency exchanges like Binance, Bybit, and OKX, ensuring seamless connectivity and comprehensive support for dynamic markets.
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Cryptopotato
19h
178
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BYDFi Market Overview: UFD,HYPE and USUAL’s Growth, PENGU’s Stable US$1,800,000,000 Market Cap
- BYDFi crypto exchange has launched new tokens, PENGU, HYPE, UFD, and USUAL, that diversify the categories of assets on the platform and offer more investment opportunities to users around the world.
- UFD, a meme coin in the Solana ecosystem, has seen its market cap surge to $230 million with staggering 24-hour price gains and a 24-hour trading volume of $145.4 million.
- PENGU, the official token of Pudgy Penguins NFT project, has already surpassed $1.88 billion market cap with a 24-hour trading volume of $360 million and 62.8 billion tokens in circulation, aiming at Web3 innovation through the Abstract public blockchain and developer incubator.
- HYPE is the native token of Hyperliquid decentralized derivatives protocol, and its price has increased 1345% since its launch to $28.91. Its 24-hour trade volume has set a new record at $15 billion, rendering it a rising leader in the DeFi industry.
- USUAL is the native governance token of the Usual protocol, that aims to create a secure and efficient stablecoin ecosystem backed by real-world assets. Its issuance is tied to total value locked in a deflationary mechanism that helps increase long-term value.
- BYDFi also launched additional tokens, FUEL, VANA, SEND, and ARCSOL on the same day, simplifying buying crypto by partnering with payment service providers, Banxa, Transak, and Mercuryo.
- BYDFi aims to provide a world-class crypto trading experience to its users, planning to introduce the 'BYDFi Copy Trading' feature in the future.
- The platform supports more than 600 tokens for spot trading and offers leverage from 1x to 200x, catering to every investment strategy.
- For inquiries and support, users can reach BYDFi via their official website, support email, business partnerships, media inquiries, Twitter, LinkedIn, Facebook, Telegram, and YouTube.
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Cryptopotato
19h
297
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Aave Sees Consistent Year-Long Uptrend in These Metrics as AAVE Price Rockets
- The native token of DeFi platform Aave (AAVE) has achieved its highest price in three years this month.
- Aave's Total Value Locked (TVL), token price, and fees have shown a consistent year-long uptrend.
- AAVE's rise is linked to the reactivation of dormant tokens and has attracted significant whale interest.
- Despite recent market fluctuations, AAVE shows relative strength and potential for further growth.
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Financemagnates
19h
166
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Gate.io Ceases Japan Services, Acquires Coin Master Co. to Form Gate Japan K.K
- Gate.io has acquired Coin Master Co., Ltd., a Japanese cryptocurrency service provider, to form Gate Japan K.K.
- Gate.io decided to stop opening new accounts for Japanese users and scale down its services in Japan.
- Gate Japan K.K. aims to provide a localized trading platform for Japanese users, complying with local regulations.
- Gate.io has also announced a sponsorship deal with Inter Milan, a top Italian football club, to enhance its visibility.
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Cryptoslate
19h
300
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MicroStrategy’s $42 billion Bitcoin plan includes increasing shares from 330 million to 10 billion
- MicroStrategy plans to increase authorized shares from 330 million to 10.33 billion as part of its $42 billion 21/21 Plan.
- The plan aims to raise $21 billion in equity and $21 billion through fixed-income instruments, potentially advancing MicroStrategy's role as a Bitcoin Treasury Company.
- The proposed amendments also seek to expand preferred stock from 5 million to 1.005 billion, strengthening MicroStrategy's capacity for future initiatives.
- Shareholders will vote on the proposed measures, which could alter ownership structures and dilute existing stakes.
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Cryptoticker
20h
293
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Top 3 Bitcoin Predictions for 2025
- The year 2025 could be transformative for the cryptocurrency industry, with Bitcoin predicted to play a growing role as a global asset and a surge of ETFs, stablecoins and DeFi ecosystem.
- By 2025, a G7 or BRICS nation may lead the way in establishing a Strategic Bitcoin Reserve (SBR), which could reshape economic power structures.
- Layer 2 solutions are unlocking Bitcoin’s potential for decentralized finance, with the total value locked (TVL) in Bitcoin DeFi expected to surpass $24 billion.
- Tech giants may follow Tesla’s lead and add Bitcoin to their balance sheets, with fair value accounting rules and protection against fiat currency depreciation as key incentives.
- By 2025, the circulating supply of stablecoins is expected to double, exceeding $400 billion, and the popularity of Ethereum and other crypto ETFs is predicted to surge.
- The total cryptocurrency market cap, which hit $3.8 trillion in 2024, is forecasted to exceed $8 trillion by 2025, driven by innovation in dApps, expanding user base, and institutional investment.
- The U.S. is set to regain its position as a global crypto powerhouse under the leadership of President Trump, who takes office in January 2025.
- Trump’s administration brings a collaborative regulatory approach, ending restrictive policies like Operation Chokepoint 2.0, ensuring equitable banking access and causing a startup renaissance.
- Trump’s focus on economic innovation and deregulation is expected to attract top talent and capital, reinforcing the U.S. as a hub for crypto development and entrepreneurship.
- Cryptocurrency is poised to redefine global finance with unclear regulations and innovative developments paving the way for widespread adoption.
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Financemagnates
20h
278
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"The Crypto Industry Is Not Ready for MiCA": Solidus Labs’ Delphine Forma
- The cryptocurrency industry is not ready for MiCA, according to Delphine Forma, Head of UK and EU Policy at Solidus Labs.
- MiCA, which stands for Markets in Crypto-Assets Regulation, has been around for a while but will come into force on December 30, 2024.
- Forma highlighted that many in the industry do not fully understand the MiCA regulations and there will be no enforcement action leeway for non-compliance.
- Regulators in some countries are not ready for MiCA implementation, causing a fragmented landscape for crypto companies operating in the EU.
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Cryptoticker
20h
149
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What Will Happen if Cardano-Ripple Join Hands?
- A potential collaboration between Cardano and Ripple, as hinted by Cardano founder Charles Hoskinson, has generated excitement in the crypto community.
- Both platforms bring unique strengths - Ripple's resilience and Cardano's vision - which could lead to transformative innovation in the blockchain and cryptocurrency space.
- Key areas of collaboration could include privacy and smart contracts, stablecoin integration, and decentralized finance (DeFi) synergies.
- The partnership could have far-reaching implications, such as increased interoperability, strengthened ecosystem value, and regulatory resilience.
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Financemagnates
21h
182
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Why Is XRP Down Today? XRP Price Prediction for 2024 and 2025
- The recent decline of XRP price is mainly due to broader cryptocurrency market weakness, technical corrections, and the Federal Reserve's hawkish stance on interest rates.
- XRP dropped nearly 20% from its December 17 high of $2.72 to $2.20 as of December 24, 2024.
- Technical analysis shows XRP trading below key support levels, with immediate resistance at $2.49.
- The recent market correction also reflects trends in Bitcoin and Ethereum prices.
- Market analysts anticipate a recovery potential for XRP given increasing institutional adoption and technological advancement.
- Price predictions for XRP in 2025 range from $1.44 to $4.44, with an average trading price expected to stabilize around $2.24.
- Analysts project that XRP could potentially reach $50 by 2035, with a minimum price of $27.68 and a maximum of $57.69.
- Lastly, investors should assess risk factors and market dynamics before making investment decisions.
- Despite short-term pressures, XRP's long-term projections are cautiously optimistic.
- Investors should consider the market's inherent volatility, regulatory environment and broader economic factors.
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Cryptoslate
21h
174
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Mt. Gox has shifted $364 million in Bitcoin to B2C2 this month
- Cryptocurrency exchange Mt. Gox has transferred $364.4 million worth of Bitcoin to B2C2 Group this month.
- The transfers, averaging 200 to 300 BTC per day, suggest a structured approach to liquidating assets.
- B2C2 is a crypto market maker and liquidity provider acquired by SBI Financial Services in 2020.
- Mt. Gox still holds 36,085 BTC, worth $3.4 billion, despite the recent transfers.
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Cryptoslate
21h
286
Image Credit: Cryptoslate
FBI reveals North Korea used LinkedIn to steal $305 million from Japan’s DMM Bitcoin
- North Korean-linked hackers orchestrated the $305 million breach of Japanese crypto exchange DMM Bitcoin.
- Hackers used sophisticated social engineering attacks to exploit human vulnerabilities.
- The attack was attributed to the TraderTraitor threat actors, also known as Jade Sleet, UNC4899, and Slow Pisces.
- The hackers stole 4,502.9 BTC from DMM Bitcoin through a well-coordinated social engineering scheme.
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Coindoo
21h
167
Image Credit: Coindoo
Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum
- Bybit, the second-largest cryptocurrency exchange by trading volume, has adopted an endangered sea turtle named "Bybit" as part of its commitment to wildlife conservation.
- Bybit has partnered with WWF and Sumsub to raise awareness about environmental sustainability and support efforts to protect endangered species.
- Bybit has also collaborated with Sumsub to enhance security and user experience through streamlined KYC processes and fraud prevention measures.
- By participating in Bybit's sea turtle adoption campaign, users can contribute to conservation efforts while enjoying various rewards and bonuses.
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Coinjournal
22h
316
Image Credit: Coinjournal
Crypto.com launches crypto custody trust service for US and Canadian institutions
- Crypto.com has launched a crypto custody service to expand its presence in Canada and the US.
- The Crypto.com Custody Trust Company will provide services to eligible Canadian and US institutions and high-net-worth clients.
- Digital assets held by Canadian and US customers will be moved to Crypto.com Custody Trust Company in the coming weeks.
- Crypto.com CEO met with President-elect Donald Trump to discuss policies impacting the cryptocurrency industry and dropped its lawsuit against the SEC on the same day.
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Coinjournal
22h
149
Image Credit: Coinjournal
Ether approaches $3,500 as major altcoins outperform Bitcoin
- Ether has increased more than 3% in value in the last 24 hours, approaching the $3,500 mark.
- The iDEGEN pre-market auction has officially surpassed $8 million after selling nearly 1.1 billion tokens.
- Ether, along with major altcoins, shows signs of recovery while Bitcoin continues to underperform.
- The iDEGEN project combines AI and memecoin ecosystems, attracting significant funding and potential for future gains.
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NullTX
23h
123
Image Credit: NullTX
ETHEREUM PRICE ANALYSIS & PREDICTION (December 24) – ETH’s Correction Still Intact After Producing A Huge Discount In A Week, Where Next?
- Ethereum experienced a significant correction, dropping by almost 20% in a week.
- The $3.1k level provided support and the price recovered briefly to $3,350.
- If Ethereum forms a bullish pattern and breaks the crucial $4k region, a massive price increase may occur.
- The key resistance levels to watch are $3,500, $3,830, and $4,094.
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