News

Arthur Hayes calls for a return to decentralized ICOs

December 4, 2024 1 min read

Arthur Hayes, co-founder of BitMEX, is advocating for a revival of initial coin offerings (ICOs) with a focus on decentralization and retail participation. In his essay, “How to Make ICOs Great Again,” Hayes critiques the growing influence of venture capital (VC) firms and centralized exchanges (CEXs) in the crypto ecosystem, arguing that these entities have sidelined retail investors in favor of institutional interests. Hayes asserts that the crypto movement has strayed from

MOODENG price surges by over 68% after Coinbase announced listing

December 2, 2024 1 min read

Moo Deng (MOODENG), a meme coin inspired by the viral baby hippo craze in Thailand, has seen a dramatic price surge following a significant announcement from Coinbase. On December 2, Coinbase revealed that Moo Deng was added to its listing roadmap, prompting a 66% price increase as the community reacted positively to the news. This development has propelled MOODENG back to levels seen around November 18, recovering from a recent dip after

XRP surges by over 20% in 24 hours, surpassing Tether (USDT) in market cap

December 2, 2024 1 min read

XRP (XRP) has surged in recent weeks, reclaiming its position as the world’s third-largest digital asset by market capitalization at $139 billion. This rise has displaced Tether’s USDT and reflects renewed market interest, particularly among retail traders. Factors like XRP trends on TikTok, speculation around a Ripple-issued stablecoin, and potential ETF approval are driving this momentum, according to Mena Theodorou, co-founder of Coinstash. Meanwhile, Bitcoin (BTC) continues to battle the psychological $100,000 milestone, trading

Brazilian congressman Eros Biondini proposes a national bitcoin reserve

December 2, 2024 1 min read

Brazilian congressman Eros Biondini has introduced a bill to establish a national bitcoin reserve called ResBit. The proposal suggests Brazil’s central bank gradually acquire bitcoin until it comprises 5% of the country’s national reserves. Biondini’s initiative aligns with similar moves in the U.S., where Republican Senator Cynthia Lummis is advocating for a federal bitcoin reserve. Lummis’ proposal, unveiled at the Bitcoin 2024 conference, calls for the U.S. Treasury to accumulate

Brazil’s central bank proposes banning foreign-backed stablecoin transfers to private wallets

December 1, 2024 1 min read

Brazil’s central bank has introduced a draft proposal for strict regulations on stablecoins, aiming to align crypto operations with traditional financial rules. Announced on November 29, the proposal includes a ban on transferring foreign-backed stablecoins to self-custody wallets. If approved, crypto exchanges would prohibit users from moving these tokens to private wallets, treating them similarly to other financial assets like foreign investments. The central bank justifies the move as a

Massive Altcoin Bull Run Expected: 5 Cryptos You Can’t Ignore!

November 30, 2024 6 mins read

With Bitcoin reaching unprecedented heights and market enthusiasm at an all-time high, the spotlight turns to altcoins poised for breakout performances. Investors are keenly observing digital assets that show signs of explosive growth. Several cryptocurrencies are emerging as potential game-changers, capturing the interest of both seasoned traders and newcomers looking for significant returns.  One standout is XYZVerse (XYZ), a memecoin that unites sports fans from football to eSports. Blending meme

$XYZ Presale Skyrockets 550% With 14,900% Growth Potential, Leaving CHILLGUY Behind!

November 30, 2024 4 mins read

In the unpredictable world of crypto, a new meme coin has made waves: Just a Chill Guy (CHILLGUY). Based on a viral TikTok character created by artist Phillip Banks in 2023, the token captured the imagination of Gen Z with its relatable mascot, symbolizing “chill guys” enduring life’s struggles. The meme coin saw a meteoric rise, rocketing from a $10 million market cap to an incredible $488 million — a

Vancouver’s mayor proposes creating a Bitcoin reserve to strengthen the city’s finances

November 30, 2024 1 min read

Vancouver Mayor Ken Sim has proposed the establishment of a Bitcoin reserve to strengthen the city’s financial strategy. The plan, set to be formally introduced on December 11, aims to evaluate Bitcoin’s potential to diversify resources and hedge against economic uncertainty. This initiative reflects a broader trend of governmental interest in cryptocurrency adoption. Sim’s vision aligns with Vancouver’s ambition to become North America’s most Bitcoin-friendly city. The city already hosts

Over $10 billion in Bitcoin and Ethereum options expire today

November 30, 2024 1 min read

Today marks a significant day for the crypto market as over $10 billion worth of Bitcoin and Ethereum options are set to expire. This event could have a significant impact on market trends and potentially cause short-term volatility. Analysts are closely monitoring the put-to-call ratios for both BTC and ETH options. A higher preference for call options indicates bullish sentiment among traders. However, the maximum pain points for both assets

Switzerland approves a motion to explore Bitcoin mining

November 30, 2024 1 min read

Switzerland has approved a motion to study the feasibility of Bitcoin mining, signaling a progressive step toward integrating crypto into traditional energy and financial systems. The Council of State will lead the initiative, focusing on how Bitcoin mining could utilize surplus energy and stabilize the electricity grid in the Canton of Bern. The Council will assess potential benefits and challenges, including identifying untapped energy sources and collaborating with local mining

Musk Catalyzes Dogecoin Surge: The Essential Role of Bybit’s Tools and Plus Wallet for Crypto Traders

November 29, 2024 5 mins read

In the crypto world, where the market can pivot swiftly, timing is crucial. A recent discussion by Elon Musk catalyzed a significant Dogecoin rally, showcasing again how pivotal figures can sway market sentiment. Likewise, Bybit equips traders with essential tools such as high-leverage options and copy trading, providing enhanced access to this unpredictable market. A reliable and secure wallet becomes indispensable as the crypto market fluctuates, presenting new opportunities. Plus

A U.S. court nullifies Tornado Cash sanctions

November 27, 2024 1 min read

A U.S. federal appeals court has invalidated sanctions against Tornado Cash, a crypto-mixing service, ruling that its immutable smart contracts cannot be classified as property. The Fifth Circuit Court of Appeals’ decision is a significant win for decentralization and privacy advocates, but it has reignited discussions on regulating blockchain tools often linked to illegal activities. The Treasury’s OFAC imposed sanctions on Tornado Cash in 2022, accusing it of facilitating money laundering