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Cryptography News
Bitcoinmagazine
2w
339
Bukele Is The President of El Salvador, Not Bitcoin
- As a condition of a new IMF loan package, President Bukele of El Salvador has had to concede three aspects of the Bitcoin Law passed in 2021.
- The concessions include removing the legal tender mandate requiring businesses to accept Bitcoin and shutting down the state-run wallet and on/off-ramp service, Chivo.
- However, the state will no longer accept tax payments in bitcoin.
- President Bukele's priority is to help the Salvadoran people, and if deprioritizing Bitcoin is in their best interest, he will do so.
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Cryptonewsz
2w
78
Image Credit: Cryptonewsz
Sen. Cynthia Lummis to Empower US Fed to Hold Bitcoin
- Senator Cynthia Lummis proposes giving the Federal Reserve the authority to own Bitcoin.
- Lummis suggests establishing a strategic Bitcoin reserve as a financial backstop for the US dollar.
- Her proposal includes phased purchase of 1 million Bitcoins over five years.
- US Federal Reserve chair Jerome Powell opposes establishing a national Bitcoin reserve.
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Zycrypto
2w
65
Image Credit: Zycrypto
Harbour Joins Forces with Velocity Labs to Launch Instant Stablecoin Payment Between EU Banks and Polkadot
- Harbour and Velocity Labs have partnered to launch Magic Ramp, a stablecoin payment system.
- Magic Ramp bridges the SEPA Instant payment rails with the Polkadot ecosystem.
- The system enables seamless conversion of Euros to USDC on-chain in under 30 seconds.
- The partnership aims to integrate traditional banking with Web3 and facilitate various applications.
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Cryptoslate
2w
418
Image Credit: Cryptoslate
Institutions absorb 8 years’ worth of Bitcoin issuance in 2024
- Institutional players bought 859,454 Bitcoins (BTC) in 2024, equivalent to eight years of BTC issuance and 4.3% of its total circulating supply.
- Spot exchange-traded funds (ETFs) and public-listed companies like MicroStrategy were the major buyers of Bitcoin.
- US-traded spot Bitcoin ETFs played a significant role, with over 1.4 million BTC now managed by these funds.
- The institutional demand for Bitcoin is expected to remain strong, limiting future sell-side pressure and potentially leading to more institutional and sovereign Bitcoin adoption.
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Zycrypto
2w
52
Image Credit: Zycrypto
How Does Lightchain AI Outperform WIF?
- Dogwifhat (WIF) is relatively popular due to its playful branding and strong community appeal, while Lightchain AI ($LCAI) is a blockchain-based platform that uses artificial intelligence and offers real-world utility. Lightchain AI's advanced technology makes it a market leader as it solves real-world problems.
- Dogwifhat's popularity and sense of community makes it an affordable pricing options for retail holders seeking a fun way to get into cryptocurrency, but it's long-term potential is limited since it is primarily a speculative token built on meme appeal.
- Lightchain AI ($LCAI) uses Proof of Intelligence (PoI), Artificial Intelligence Virtual Machine (AIVM) and prioritizes energy-efficient computations to achieve blockchain activity efficiency. This makes it suitable for a wide range of sectors, such as privacy-focused AI training, predictive analytics, and supply chain optimization.
- Lightchain relies on technological superiority and blockchain innovation compared to Dogwifhat, and it also has a stronger market appeal. The ecosystem is designed to foster meaningful community involvement through decentralized governance and promote innovation and trust.
- Lightchain AI is a technology-focused project with innovative features like PoI and AIVM, addressing real-world challenges and delivering sustainable value, taking the lead position in the blockchain revolution and providing real-world value.
- Lightchain AI's potential for growth is enormous and it has tremendous opportunity to achieve incredible success, making it a game-changer in the market.
- Investors can check out Lightchain.ai to explore the platform underlining cutting-edge features and presale details, read the available whitepaper to find out about the project, join the conversation on Telegram, and secure $LCAI by connecting a wallet and depositing ETH, USDT, or other supported currencies.
- This guide contains a disclaimer since it is a sponsored article and its views do not represent those of ZyCrypto. Potential investors must conduct objective research and exploration before making any investment decision.
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Zycrypto
2w
388
Image Credit: Zycrypto
Deus Wallet Releases Duress Mode Feature to Enhance Cryptocurrency Security
- Deus Wallet has released Duress Mode, a feature aimed at enhancing cryptocurrency security.
- Duress Mode provides an extra layer of security to protect crypto holders in high-risk situations.
- The feature addresses challenges with physical security, as traditional wallets often lack safeguards against real-world coercion scenarios.
- With Deus Wallet's non-custodial structure and Duress Mode, users can retain full control over their assets while incorporating additional security measures.
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23 Likes
Financemagnates
2w
292
Image Credit: Financemagnates
Binance.US Promises to Restore US Dollar Services in 2025
- Binance.US plans to resume US dollar services in 2025.
- The company halted direct US dollar withdrawals due to regulatory actions.
- Binance.US aims to maintain low fees, offer zero-fee Bitcoin trading, and expand asset support.
- The interim CEO expressed confidence in digital assets and welcomed potential regulatory changes.
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Zycrypto
2w
287
Image Credit: Zycrypto
Pepeto Project Announces Launch of Utility-Driven Solutions for Memecoins
- Pepeto stands out from the crowd of meme coins with its utility-focused ecosystem.
- Highlights of Pepeto's ecosystem include a zero-fee exchange, cross-chain bridge, and staking rewards.
- Pepeto has successfully completed its Q4 2024 roadmap and is preparing for upcoming milestones in Q1 2025.
- The Pepeto community has shown great enthusiasm, with over $2.5 million raised in the presale.
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Zycrypto
2w
43
Image Credit: Zycrypto
dTRINITY Launches On Fraxtal L2, A New Beginning For Subsidized Stablecoin Lending
- dTRINITY has launched on the Fraxtal L2 network as a subsidized stablecoin lending protocol in DeFi.
- The protocol aims to lower borrowing expenses and improve overall yields for stablecoin users.
- dTRINITY consists of a lending and borrowing protocol, a decentralized stablecoin, and a DEX liquidity pool.
- The protocol offers features such as subsidized interest rates, liquidity incentives, and a risk management system.
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2 Likes
Cryptoslate
2w
383
Image Credit: Cryptoslate
North Korean hacker steal $1.3 billion in crypto this year
- Crypto thefts surged to $2.2 billion in 2024, a 21% increase from the previous year.
- North Korean-linked cybercriminal groups were responsible for stealing $1.34 billion, marking a 103% increase from 2023.
- Private key compromises accounted for nearly 44% of all stolen funds in 2024.
- Centralized exchanges became primary targets, with notable incidents including breaches of DMM Bitcoin and WazirX.
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23 Likes
Cryptopotato
2w
257
Image Credit: Cryptopotato
Liquidations Skyrocket Beyond $1 Billion as BTC, Altcoins Bleed Out Heavily Again
- BTC dumps to under $98,000, altcoins suffer double-digit losses.
- BTC recovers briefly but plunges to weekly low of $97,500.
- Cryptocurrency market deep in red, several major coins experience severe price drops.
- Over $1 billion worth of liquidated positions as more than 330,000 traders get wrecked.
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15 Likes
Cryptoticker
2w
322
Image Credit: Cryptoticker
Dogecoin Price Crash – Will DOGE Drop Below $0.30 Next?
- Dogecoin price has dropped by over 12%, along with the broader crypto market, shedding 4% in the last 24 hours.
- This drop occurs against the backdrop of a cautious investor sentiment caused by concerns around interest rates and macroeconomic instability, leading to investors moving away from speculative assets.
- Dogecoin is known for its high volatility and often goes through sharper declines compared to large-cap tokens like Bitcoin and Ethereum.
- $0.40 support breach is seen as the biggest technical signal that triggered automated sell orders and panic selling from investors.
- If Dogecoin's downtrend continues, the immediate next support level is at $0.30, with the most likely scenario a test of this support level.
- There is currently more selling pressure for DOGE, indicating negative market sentiment being high and pushing DOGE towards $0.30 or even lower.
- The shift in momentum shows further bearishness, and traders brace themselves for potential lower lows.
- According to analysts, it would be wiser to wait for a clear reversal to signal an ease in selling pressure and buyers returning to the market before considering buying DOGE.
- Setting a stop-loss at $0.30 is a safer option for those planning to invest in Dogecoin, protecting from larger losses if the market continues to crash.
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19 Likes
Zycrypto
2w
287
Image Credit: Zycrypto
Boost VC Expands Commitment to Decentralized Science With Investment In PoSciDonDAO
- Boost VC has invested in PoSciDonDAO, furthering its commitment to decentralized science.
- Boost VC's Go-To-Market Program will provide resources for PoSciDonDAO's growth and adoption.
- The collaboration aims to revolutionize scientific research and funding through decentralization.
- PoSciDonDAO and Boost VC share a vision of equity, inclusivity, and advancement in the scientific realm.
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17 Likes
Zycrypto
2w
331
Image Credit: Zycrypto
io.net Officially Joins Dell Technologies Partner Program as Authorized Partner and Cloud Service Provider
- io.net has become a Dell Technologies Authorized Partner and Cloud Service Provider.
- This partnership combines io.net's GPU network with Dell's infrastructure for scalable and cost-efficient AI, ML, and HPC solutions.
- Joining Dell's Partner Program allows io.net to access resources, expertise, and market strategies.
- The partnership aims to make decentralized computing more accessible and aligned with enterprise demands.
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19 Likes
Zycrypto
2w
313
Image Credit: Zycrypto
Mantle Network Becomes The First ZK Validity Rollup With Succinct’s SP1
- Mantle Network has successfully transitioned to a zero-knowledge validity rollup with the help of Succinct and its SP1 technology.
- This transition positions Mantle Network to create a liquidity chain for institutional-grade settlement and value transfer within the crypto ecosystem.
- The integration of ZK validity rollup technology enables faster institutional-grade asset settlements and increased capacity efficiency for traditional and blockchain finance.
- Mantle Network has experienced significant growth since its mainnet launch and ranks among the top L2 networks by total value locked (TVL).
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18 Likes
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