Japan is mulling over presenting cryptocurrencies as securities-like financial products to mandate companies to reveal more details and safeguard investors. Crypto Assets to be Classified as Financial Products to Protect Investors Japan’s Financial Services Agency (FSA) is considering significant reforms to its crypto regulations, aiming to classify crypto assets as financial products akin to securities. …
Monthly archives: February 2025
Rich Dad Poor Dad Author Says Millions Will Lose Jobs, Stocks and Homes Amid Imminent ‘Great Depression’
Best-selling personal finance author Robert Kiyosaki says that another Great Depression is on its way that will destroy the lives of millions of Americans. Kiyosaki tells his 2.7 million followers on the social media platform X that the “prophecy” he wrote in 2014 about the biggest market crash in history is now coming true in …
Fed Money Printing Likely What Spurs Ethereum and Altseason, According to Analyst Benjamin Cowen
Closely followed crypto analyst Benjamin Cowen says that a shift in monetary policy will most likely be what finally triggers an “altseason,” or a period where altcoins vastly outperform Bitcoin (BTC). In a new strategy session, Cowen overlays the Fed balance sheet with Ethereum (ETH) versus Bitcoin (ETH/BTC) and notes that in previous market cycles, altseasons …
Solana Total Value Locked Shatters $8,600,000,000 in Q4 2024, Surging 486% in One Year: Messari
Ethereum (ETH) rival Solana (SOL) skyrocketed several multiples in terms of total value locked (TVL) in the last quarter of 2024, Messari’s latest data shows. In its new “State of Solana Q4 2024” report, the crypto analytics firm notes that TVL on Solana grew by 64% quarter-on-quarter (QoQ) and 486% year-on-year (YoY) to $8.6 billion, …
Ethereum (ETH) Price: Short Interest Soars Amid Mixed Market Signals
TLDR Ethereum short positions have surged dramatically, increasing 500% since November 2024 and 40% in just the past week, reaching new record levels of 11,341 futures contracts on CME ETH is currently trading around $2,500-$2,600, down approximately 45% from its 2021 all-time high, and has significantly underperformed Bitcoin’s 100% gain in 2024 A major flash …
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Tether CEO willing to explore quantum computing initiative to recover lost Bitcoin
Tether CEO Paolo Ardoino has shown interest in a proposal for a quantum-powered initiative aimed at retrieving lost Bitcoin. The idea, originally put forward by Bitcoin investor Brad Mills, suggests launching a white-hat treasure hunt to locate an estimated 3.7 million BTC that have vanished from circulation. Ardoino acknowledged the concept’s potential but emphasized the …
Base denies selling ETH, says the network is committed to Ethereum
Coinbase’s layer-2 network, Base, has denied allegations of selling its Ethereum (ETH) holdings. Over the weekend, crypto community members pointed out that Base has funneled sequencer fees to Coinbase, sparking concerns about transparency and potential ETH sales. However, Base strategist Kabir Sadarangani refuted these claims, asserting that the accusations of a lack of transparency and …
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Central African Republic’s CAR memecoin raises scrutiny
The Central African Republic (CAR) has introduced CAR, a memecoin project aimed at testing its potential role in national development. President Faustin-Archange Touadéra announced the launch on Feb. 9 via X, describing the initiative as an experiment to showcase how a meme-based asset could bring people together, promote economic growth, and elevate the country’s global …
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Largest Brazilian Stock Exchange to Expand Solana and Ether Investment Options
The B3 Stock Exchange announced that it will expand its cryptocurrency offering this year, opening options for users to invest in solana and ether. Brazilian Stock Exchange to Launch Ether and Solana Futures This Year B3, the largest Brazilian stock exchange, has offered an update on its plans to offer investment products involving a larger …
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El Salvador Continues Buying Bitcoin Despite IMF Pressure
The government of El Salvador has continued buying bitcoin despite the deal reached with the International Monetary Fund (IMF) in December. According to the National Bitcoin Office, in the last 7 days, Bukele’s administration acquired 18 BTC, with its total reserve reaching 6.073 BTC, nearly $584,000. “Stacked again,” the organization posted on social media, reinforcing …
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Collaboration Between Developers, Regulators Crucial for Defi’s Success, Says Former High-Tech Lawyer
A former high-tech corporate lawyer has advocated for sector-specific regulations for decentralized finance that leverage the technology’s strengths while addressing its weaknesses. The Importance of Collaboration Ran Hammer, a blockchain and crypto-focused lawyer, is advocating for sector-specific laws for decentralized finance (defi) that consider the strengths and weaknesses of the underlying technology. According to Hammer, …
Lightchain AI Testnet Under Testing With Over $15M Raised
PRESS RELEASE. The blockchain and artificial intelligence spaces have converged, and Lightchain AI is leading the charge. With its recently launched Lightchain AI Testnet, we’re testing groundbreaking integrations that promise unprecedented speed, scalability, and intelligent solutions. Backed by an impressive $15M USD raised, Lightchain AI is setting a new standard for decentralized AI-driven ecosystems. This …
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Central Bank of Brazil Links Stablecoin Growth to Tax Evasion and Money Laundering
The new president of the Central Bank of Brazil has linked the rapid growth of stablecoins with tax evasion and money laundering. He remarked that individuals use these tools for cross-border payments to maintain an “opaque vision for taxation or money laundering.” Central Bank of Brazil States Stablecoin Volumes Linked to Tax Evasion and Money …
British Crypto Trader Held Hostage in Spain, Escapes Before Police Raid
Spanish police arrested three British men in Costa del Sol for kidnapping a UK cryptocurrency broker and demanding €30,000 (approximately $31,000) for his release. The victim, a 34-year-old Hindi speaker, escaped by deceiving his captors into thinking he was calling a customer for a crypto wallet code, instead alerting a friend in London. His friend …
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Trader Warns Bitcoin Could Witness ‘Severe Momentum Blow’ if It Loses $90,000 – Here’s His Downside Target
A closely followed crypto strategist believes Bitcoin (BTC) will take a serious hit if it corrects below $90,000. In a new strategy session, pseudonymous analyst Cheds tells his 49,600 YouTube subscribers that Bitcoin appears to be currently trading in a sideways trend with a well-defined resistance at $107,000 and a clear support level at $90,000. …