Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

Bitcoin to the Rescue? Trump’s Wild $35 Trillion Debt Plan

Summary: Donald Trump is a sophisticated man, freshly back in the Oval Office and he just dropped a bombshell idea: using Bitcoin to get over the U.S’s massive and huge $35 trillion debt.

“Bitcoin to Fix It All”

Trump isn’t holding back. He’s all in on crypto, claiming digital currencies like Bitcoin could be the secret sauce for America’s financial woes. After becoming the first U.S. president to make a Bitcoin transaction (buying cheeseburgers, no less), Trump has turned his crypto enthusiasm into a national game plan. “Crypto has got a great future,” he declared, suggesting that embracing Bitcoin might just be the bold move the U.S. needs to wipe out its sky-high debt.

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Making America the Crypto Capital

Re-elected in 2024, Trump is set on making the U.S. the global hub for crypto. He’s not just talking about fixing debt; he’s talking about leading a financial revolution. “Maybe we’ll pay off our $35 trillion debt,” he said with a cheeky grin, hinting at Bitcoin’s potential to reshape how the U.S. does money. With the crypto community rallying behind him, Trump’s vision is striking a chord with Gen Z and millennial investors.

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Crypto and Politics: A New Era

Trump’s rival, Kamala Harris, isn’t sleeping on crypto either. While she hasn’t gone full Bitcoin evangelist, she’s pushing for innovation in A.I. and digital assets, making it clear that crypto is on everyone’s radar. With Trump and Harris both giving . With Trump and Harris both giving digital currencies a nod, the U.S. is gearing up for a major crypto-political wave.

200M Dogecoin Mysteriously Moved to Binance

Binance received 200M Dogecoin ($59.9M) from an unidentified wallet. This sparked conjecture on possible trades or liquidity preparation. Following initial losses, Dogecoin recovered 13% to $0.323, in line with the market's recovery. With more than 6.6 million holdings this year, DOGE may increase to $0.48 or fall to $0.23 despite strong resistance at $0.36.

The Dogecoin community is lit after 200 million DOGE (worth $59.9M) got transferred from a mystery wallet straight to Binance. Nobody knows who’s behind this massive move, but the rumor mill is spinning. Is it a whale looking to trade big or Binance prepping for more liquidity? The real reason is still up in the air.

DOGE’s price has been on a rollercoaster lately. After a dip below its 50-day SMA of $0.36 earlier this week, it bounced back hard—jumping 13% in the last 24 hours to hit $0.323. The rebound came after hitting a low of $0.262 on Friday and reaching an intraday high of $0.35 on Saturday.

Looking ahead, DOGE could face resistance at $0.36, but if it breaks through, we’re eyeing $0.42 or even $0.48. On the flip side, if it slides, it might drop to $0.23.

Meanwhile, the DOGE fam keeps growing, with over 6.6M wallets holding the meme coin in 2024. With a 400% jump in market cap for meme coins this year, Dogecoin is showing it’s more than just a joke—it’s here to stay.

You might like : Ripple CTO Highlights RLUSD’s Role in Enhancing XRP Ledger Experience

Ripple CTO Highlights RLUSD’s Role in Enhancing XRP Ledger Experience

Ripple just dropped RLUSD. Its a stablecoin pegged 1:1 to the USD, its CTO explained how it’s a game-changer. RLUSD boosts XRP Ledger by handling crypto and fiat smoother, increasing liquidity, and powering DeFi apps. It’s perfect for easy cross-border payments and switching between cash and crypto seamlessly.

Ripple’s CTO, Joel Katz, just broke down why their new stablecoin, RLUSD, is a big deal. Launched recently and approved by the NYDFS, RLUSD is pegged 1:1 with the US dollar, making it super steady for cross-border payments and moving between crypto and fiat. To put it simply, its a smooth operator for your money, whether it be real money or crypto.

Here’s the tea: RLUSD and XRP aren’t competing; they’re vibing together. XRP stays the MVP for international payments, while RLUSD steps in to boost liquidity and fuel DeFi projects. Katz explained that the magic lies in XRP Ledger’s auto-bridging system, which uses XRP as the middleman to connect different assets seamlessly. Basically, they’re the dream team.

For developers, it’s an open door to more opportunities and higher trading volumes within the XRP Ledger ecosystem. For businesses and users, it’s all about easy transactions and converting real-world assets into tokens without the usual hassle.

Ripple President Monica Long also highlighted their unique roles—XRP for global payments, RLUSD for liquidity and stability. With RLUSD, Ripple’s not just keeping up; they’re setting trends in the crypto space. Expect more innovation and activity on the XRP Ledger.

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Russia’s Bank Governor Says No to Crypto for Local Use

Summary: Russia’s Central Bank Governor, Elvira Nabiullina, has confirmed that crypto isn’t making the cut for domestic payments in the country. While Russia isn’t rolling with Bitcoin for everyday purchases, they’re embracing crypto for international trade to sidestep Western sanctions.

No Crypto for Daily Use

During a press conference, Nabiullina put it bluntly: “We continue to believe that cryptocurrencies should not be used as a means of domestic payment.” This keeps Russia’s current legislation, which bans crypto for local transactions, firmly in place. But they’re not entirely shutting the door on crypto. In fact, they’re open to it for international payments, with Nabiullina adding, “We support and promote projects related to the use of cryptocurrency for external payments, but for domestic payments no.”

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Crypto Moves Beyond Borders

Russia is doubling down on crypto’s potential for global trade. The Central Bank is gearing up to test its first cross-border cryptocurrency payment before the year wraps up. This approach aligns with the country’s strategy to maneuver around Western sanctions.

In 2023, Russia started experimenting with crypto for external settlements, and by March 2024, President Vladimir Putin signed a law allowing digital financial assets for specific uses. While the Central Bank stays firm on banning crypto for daily transactions, its selective adoption signals a strategic pivot in how Russia leverages blockchain tech globally.

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Bitget Sees 7X Surge in Gen Z Crypto Users After Trump’s Win!

After Trump’s win, Bitget saw a massive 683% surge in Gen Z users. That makes up over half of new sign-ups. His pro-crypto views, like creating a national Bitcoin reserve, got young voters excited. Gen Z is all in, using features like copy trading and social media tips to dive into crypto’s wild ride.

After Trump’s win, Bitget’s Gen Z user base went boom, skyrocketing by 683%! In just one month, Gen Z’s share of new users jumped from 26.2% to 53.8%. What’s driving this massive shift? Trump’s pro-crypto stance, including promises to create a national Bitcoin reserve and provide clearer rules for digital assets, resonated big time with young voters.

Gen Z, always ahead of the curve in tech, is flocking to crypto not just for the potential profits but for the freedom and innovation it offers. A lot of them are even hopping on copy trading, with nearly half of participants under 25. Social media and influencer advice are key for their investment decisions—who needs traditional finance when you’ve got TikTok?

This surge follows a major crypto market pump, with Bitcoin’s price jumping 40% after the election. The hype is real, and FOMO is driving millions of young investors to get in on the action. The crypto craze isn’t just US-based either—countries like Brazil and Poland are looking to follow El Salvador’s Bitcoin-friendly lead.

Gen Z is no longer just watching the crypto world—they’re jumping in, and platforms like Bitget are riding the wave of this next-gen financial revolution.

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How to Buy Fartcoin? A Gen Z Guide

Summary: Fartcoin as its name suggest is making quite a loud sound in crypto space. This memecoin has a wacky and catchy name and this coin has skyrocketed over 400% in the past month, hitting a price of $1.15 and smashing a $1 billion market cap. What started out as a joke on Solana blockchain is now smashing records.

Where to Get Your Hands on Fartcoin

If you’re ready to jump on the Fartcoin bandwagon, you won’t find it on big-name platforms like Binance or Coinbase just yet. But don’t worry; it’s listed on popular tier-2 exchanges like KuCoin, Bitget, HTX, and Gate.io. For the DeFi crowd, decentralized exchanges like Raydium and Orca are also great options. Whether you go centralized or decentralized, grabbing this quirky token is pretty straightforward.

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So, How Do You Actually Buy It?

On centralized exchanges, you’ll need some USDT to trade for Fartcoin. Once you’ve got that, head to the market section, place your order, and voilà welcome to the Fartcoin fam. If you prefer decentralized exchanges, set up a SOL-compatible wallet like Phantom, connect to a DEX, and swap your tokens for Fartcoin. Either way, you’re good to go.

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Why Fartcoin Is Popping Off

Launched just last month, Fartcoin is riding a wave of hype thanks to its meme appeal and strong community backing. Rumors of a listing on Binance or Bybit are fueling even more excitement. If that happens, this token’s value could blast off even higher.

Fartcoin Hits $1B Market Cap Amid Altcoin Slump

Fartcoin is the ultimate meme moment! It skyrocketed 435% in 30 days, smashing a $1B market cap while other altcoins tanked. Launched in October, it’s all vibes, no utility, but somehow investors are flocking to it for “safety.” A wild ride proving the crypto world’s chaotic humor!

Fartcoin just pulled the biggest plot twist in crypto! This Solana-based memecoin surged a massive 435% in the past month, casually crossing the $1B market cap few days ago. While most altcoins are in their flop era thanks to the Fed’s rate cut drama, Fartcoin said, “Not me!” and shot to $1.27, up 38% in 24 hours.

The whole crypto market stumbled after the Fed announced fewer rate cuts for next year, sending coins like Dogwifhat, Bonk, and Theta spiraling into double-digit losses. But Fartcoin? Total outlier vibes. Investors are literally calling it the “safe” bet in this chaos. Hedgeye even joked, “Fartcoin briefly hits $1 billion as investors flee risk assets.”

Launched on Oct. 24, this memecoin’s already giving main character energy. It went from a $423M market cap in November, crashed to $160M by early December, and now it’s back with a billion-dollar bang.

You think there’s no utility? Well no problem, it’s all about the meme power and chaotic fun that only crypto can bring. Fartcoin’s rise proves that in this space there’s unpredictability ofcourse and also humor.

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Hyderabad Women Are Taking Over India’s Crypto Game

Summary: Who says crypto is only for men? Hyderabad’s women are straight-up slaying in the crypto world, making up 45% of the city’s investors. According to CoinSwitch’s “How India Invests in Crypto 2024” report, they’re leading the charge in a space that’s been mostly dominated by men and it’s a total vibe shift for India’s investment scene.

Crypto Queens of Hyderabad

While the rest of India still has women at just 11% of crypto investors, Hyderabad’s got a whole different energy. Women here are owning nearly half of the crypto game, showing the rest of the country how it’s done. Out of all Indian cities, Hyderabad ranks fourth for total crypto investments, with a solid 5.1% share. It’s trailing only Delhi NCR (20.1%), Bengaluru (9.1%), and Mumbai (6.5%)but clearly making its mark.

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Smart Moves, Smarter Investors

Hyderabad’s investors know what’s up. Around 42% are all-in on large-cap cryptos, 26% are vibing with mid-caps, and 4% are rolling the dice on small-cap coins. The rest? They’re playing it cool with 28% in blue-chip assets. Women aren’t just dipping their toes in they’re making big moves, showing the world they’re just as savvy (if not more) than their male counterparts.

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Tradition Meets Tech

Hyderabad, with its rich history and modern tech vibes, is the perfect mix of old-school charm and new-age hustle. The city’s pro-crypto stance shows that you can honor your roots while embracing the future and women here are leading that charge like total bosses.

Crypto.com Names Al Hakim President for UAE Operations

Summary: Crypto.com has leveled up its game in the UAE by appointing Mohammed Al Hakim as the president of its regional operations. With his impressive track record and passion for innovation, Al Hakim is set to steer Crypto.com’s growth in one of the world’s hottest crypto hubs.

A Big Win for UAE’s Crypto Scene

Crypto.com isn’t just making waves; it’s making history. Mohammed Al Hakim is not only the first Emirati to snag such a prestigious role at the company but also a trailblazer in the entire crypto industry. His job? To lead Crypto.com’s expansion in the UAE and across the GCC. From working with government agencies to amping up blockchain initiatives, Al Hakim’s got his hands full—and he’s ready to deliver.

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Crypto Meets Innovation

Al Hakim brings over 10 years of experience in partnerships and business development. This dude helped rake in $800 million in foreign investments for Dubai and bagged sponsorship deals worth millions for government projects. He’s also part of the Mohammed Bin Rashid Center for Leadership Development, which basically means he’s been groomed to lead and innovate on the big stage.

Crypto.com’s Power Moves in the UAE

This appointment is just one of Crypto.com’s many flexes in the region. Recently, they launched an AED Wallet for local deposits and partnered with Mastercard for a prepaid crypto card. Add to that the UAE ranking third in the MENA region for crypto transactions ($30 billion in a year), and it’s clear: Crypto.com is going all-in on the UAE.

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Al Hakim summed it up best: “The UAE’s forward-thinking approach to crypto is unmatched. I’m hyped to drive innovation and bring more value to our users in the UAE and GCC.”

Bitcoin Falls Below $100K After Powell Dismisses BTC Reserve Proposal

Bitcoin tanked below $100K, dropping 6% after Fed Chair Powell said the U.S. won’t make a Bitcoin reserve. This came right after BTC hit $108K ATH. The crypto market felt the heat—ETH and XRP slid too. Meanwhile, rate cuts and political vibes keep things messy. Stay tuned.

Bitcoin just took a major hit, falling below $100K after U.S. Fed Chair Jerome Powell straight-up rejected the idea of a national Bitcoin reserve. He made it clear that the Fed’s not about that life, and the U.S. isn’t looking to change any laws to hold Bitcoin. This caused a 6% drop in just 24 hours, with BTC now sitting at $99,047.

The news came right after Bitcoin had hit a new all-time high of $108K earlier this week, so the correction stung. The altcoin market wasn’t immune either, with Ethereum (ETH) losing 6.5% and XRP dropping a huge 12.64%. Ouch.

This whole BTC rally had been fueled by the buzz around President-elect Trump’s talk of a Bitcoin reserve and several states like Texas and Florida pushing for state-backed Bitcoin initiatives. But Powell’s rejection, combined with the Fed’s decision to cut interest rates by 25 basis points, gave the market a reality check.

Crypto investors are definitely feeling the uncertainty, and with economic shifts and political moves on the horizon, it’s anyone’s guess where things go next. Keep an eye out; the rollercoaster’s far from over.

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