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.

$100K Out of Reach: Is Bitcoin Facing Another Downtrend?

Bitcoin’s chillin’ below $100K, battling resistance. Market vibes are sideways, but big moves could drop post-New Year hype.

The crypto market’s on snooze mode this Christmas, and Bitcoin’s feeling the chill too. After peaking at a wild $108,364 on December 17, BTC’s been stuck in a loop, hovering around $96,800, according to TradingView. That $100K milestone? Yeah, it’s playing hard to get, now flipping from a comfy support to a stubborn resistance. Twice in the past week, Bitcoin tried to climb back up but got swatted down.

So, what’s the vibe? If Bitcoin can break past $100K this weekend, it might spark another moon mission toward a fresh all-time high. Otherwise, it’s a waiting game.

Looking ahead, the crypto fam’s all eyes on next year. Hopes are high for Bitcoin to pop off once it enters the price discovery zone. Plus, there’s a wildcard in the mix: President-elect Donald Trump’s inauguration on January 20. Word is, his first couple of weeks in office could bring major volatility across markets, and you know crypto loves drama.

TL;DR: Bitcoin’s stuck in holiday mode but could heat up soon. Whether it soars or sinks, 2025’s shaping up to be spicy. Strap in, hodlers.

You might like: Ukraine Claps Back at Russia’s Crypto Hustle with Sanctions

Ukraine Claps Back at Russia’s Crypto Hustle with Sanctions

Summary: Ukraine’s gearing up to block Russia’s crypto moves, cracking down on Bitcoin payments and other digital transfers used to dodge Western sanctions.

Crypto Workarounds Meet a Hard Stop

Russia’s been flexing its crypto game, using Bitcoin and other digital currencies to skirt around Western sanctions for international trade with countries like China and Turkey. But Ukraine’s not having it. Vladyslav Vlasiuk, an advisor to Ukraine’s president, spilled the tea sanctions and other tools are in the works to stop Russia from running wild with crypto payments. Ukraine’s saying, “Not on our watch.”

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Russia Doubles Down on Crypto

Meanwhile, Russia is leveling up its crypto strategy. They’ve legalized Bitcoin mining, and yep, they’re even taxing those profits. It’s all part of a master plan to keep the cash flowing for international trade while dodging sanctions like a pro. They’re essentially saying, “If Plan A gets blocked, we’re running with Plan B: crypto.”

What’s Next?

This tug-of-war is heating up. Ukraine’s ready to slam the brakes on Russia’s crypto hustle, while Russia’s building its own decentralized workaround. It’s a classic case of crypto cat-and-mouse, and the stakes? Global sanctions and digital dominance. Stay tuned this drama’s just getting started.

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Bitget Token (BGB) Soars 325% in a Month, Hits All-Time High of $6

Bitget Token (BGB) surged 325% in a month which made the token hit an all-time high of $6.80, driven by its merger with Bitget Wallet Token and a new partnership with TRON. Analysts caution about potential price consolidation.

Bitget Token (BGB) has been on a serious rocket ride, skyrocketing by 325% over the last month and hitting a new all-time high of $6.80. The price surge is being linked to the merger of BGB with Bitget Wallet Token (BWB), sparking a huge rally.

With the token’s market cap now at $9.52 billion and trading volume hitting $1.3 billion—up a whopping 267.88%—things are looking pretty wild for BGB. But before you dive in, experts are raising some flags. The Relative Strength Index (RSI) is showing that BGB might be in overbought territory, hinting at a potential price dip or consolidation soon.

One of the major catalysts behind this surge is Bitget’s recent move to partner with TRON, a big player in the blockchain world. This partnership aims to make blockchain tech more accessible to everyone, adding more fuel to the fire.

Currently, Bitget is the 6th largest crypto exchange globally, and with a circulating supply of 1.4 billion BGB coins out of 2 billion, it’s clear that BGB has a lot of room to grow. Just be cautious—prices might stabilize soon!

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South Korea and the US Squad Up to Fight North Korean Crypto Hackers

Summary: South Korea and the US are joining forces to clap back at North Korean hackers. With Lazarus Group pulling off billion-dollar heists, this partnership is all about locking down crypto platforms and hunting stolen funds.

Crypto Heists Meet Their Match

In a serious power move, South Korea and the US Department of Homeland Security have teamed up to kick crypto security into high gear. They’re throwing down until 2026 to cook up next-level tech that stops hackers dead in their tracks. This isn’t just about playing defense they’re also working on ways to trace stolen crypto and figure out how these digital thieves turn their loot into untraceable assets.

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Lazarus Group: The OG Crypto Bandits

North Korea’s Lazarus Group is the ultimate villain squad, allegedly swiping $1.34 billion in crypto this year alone. From taking down WazirX to hitting Hyperliquid, they’ve been on a hacking spree. These funds allegedly bankroll North Korea’s nukes, which makes stopping them a major flex for global security.

Tornado Cash Drama

The hackers love using tools like Tornado Cash to vanish with their stolen bags. The US Treasury says it’s a laundering playground, but courts argue its smart contracts don’t belong to anyone. It’s a messy, high-stakes battle, but South Korea and the US are coming in hot to shut down the shady business.

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MOODENG Token Pops 62% in 24 Hours After Vitalik’s Epic Donation

Summary: MOO DENG (MOODENG) just hit the glow-up of the year, surging 62% in the last 24 hours to a price of $0.0002111. The hype? All thanks to Ethereum co-founder Vitalik Buterin’s 10M Baht donation to Khao Kheow Wildlife Sanctuary for our fave pygmy hippo, Moo Deng.

From Meme to Market Star

What started as a meme token is now making serious moves. Vitalik’s donation isn’t just a kind gesture it’s a game-changer, boosting visibility for MOO DENG. With $13.75M in trading volume over the last day, this coin is catching all the crypto FOMO vibes. Oh, and the market cap? Sitting pretty at $86.24M, with around 41 billion MOODENG coins in circulation.

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Hippo Hype Hits Hard

Moo Deng isn’t just a hippo it’s an icon. The internet’s love for this little guy is spilling into the crypto world, with investors vibing hard with the token’s feel-good, charity-driven energy. Meme coins like MOODEND are riding on the wave and on the power of community support not only this much but this community support and latest surge shows and expresses how a news on positive way can totally flip the script in the volatile crypto space.

What’s coming now?

Everyone knows the market is evolving and as the market evolves, all eyes are on whether MOODENG can keep this momentum or if the hype will fade. One thing’s for sure: the combo of a good cause, internet buzz, and a hippo mascot is definitely hitting all the right notes for now.

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Pi Network Restores Password Recovery Option for Users

Pi Network’s new SMS recovery feature helps users reset passwords, secure accounts, and protect Pi coins before the Grace Period ends.

Hey Pioneers! Pi Network just dropped a game-changer by bringing back the “Forgot Password” feature. Now you can easily recover your account via SMS and protect your precious Pi coins.

Here’s how it works:

  1. Open the Pi Network app on your phone.
  2. Tap “Forgot Password” on the login screen.
  3. Enter the phone number linked to your Pi account.
  4. Check your phone for an SMS verification code and enter it.
  5. Set a new password, and voilà—you’re back in!

This update couldn’t have come at a better time. With the Grace Period deadline looming, it’s crunch time to secure your account. Forgetting your password doesn’t mean you lose your Pi anymore. Pi Network is making sure you don’t miss out by letting you easily recover access and safeguard your coins.

Why’s this so big? In crypto, losing access to your account is a nightmare. But Pi Network’s move shows they’ve got your back, making security and user-friendliness a priority.

Don’t sleep on this! Recover your account now and secure your Pi before the Grace Period ends. Pi Network’s keeping it real as it preps for the Open Mainnet phase—don’t get left behind!

You might like: PancakeSwap Pops Off in 2024: $310B Volume and 179% Growth

PancakeSwap Pops Off in 2024: $310B Volume and 179% Growth

Summary: PancakeSwap is living its best life in 2024, smashing records with $310.6 billion in trading volume a wild 179% jump from last year. This DeFi OG is flexing hard, proving it’s still the GOAT of decentralized exchanges.

Multi-Chain Magic

What’s fueling this glow-up? PancakeSwap has gone full-on multi-chain, spreading its wings across nine blockchains like BNB Chain, Arbitrum, zkSync, and Ethereum. Layer-2 chains like Base and opBNB are the real MVPs, making transactions faster and dirt cheap. Translation: no more rage-quitting over gas fees.

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Upgrades That Hit Different

2024 has been all about PancakeSwap leveling up. PancakeSwapX now lets you do fee-free, gasless swaps basically the cheat code for DeFi. Then there’s the SpringBoard launchpad, which helps you drop new tokens on BNB Chain without any drama (or fees). Oh, and they brought AI into the game with prediction markets and even dropped Telegram bots to make trading feel like texting your BFF. The PancakeSwap Bridge? It’s giving main character energy, letting users move assets across eight blockchains like it’s no big deal.

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Burn, Baby, Burn

To keep the vibes high, PancakeSwap burned 455.5 million $CAKE tokens this year. With 1.79 million $CAKE holders worldwide, the platform is keeping its squad strong. As we roll into 2025, PancakeSwap is all gas, no brakes expect more innovation, bigger moves, and zero mid energy.

WazirX Token (WRX) Nosedives 90% in Just 10 Days

Summary: It’s been a brutal 10 days for WazirX Token (WRX), with its value tanking over 90%. As of December 25, WRX barely clung to a support level at $0.0144, leaving everyone wondering: is it game over, or can it pull off a comeback?

WRX Attempts a Comeback

Currently priced at $0.01873, WRX is trying to catch its breath, showing a glimmer of hope with a 53.46% bounce in the last 24 hours. But don’t get too excited it’s still a jaw-dropping 88.08% down for the week. Basically, WRX is like that friend who finally texted back after ghosting you for days.

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Binance Drops the Bomb

The chaos began on December 18 when Binance dropped the mic, announcing it would delist WRX. The market freaked out, and WRX crashed 40% in just an hour. Imagine the panic—wallets crying, group chats exploding, and investors in full “what just happened” mode.

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Will WRX Find Its Mojo?

Right now, WRX is like a boxer trying to stand up after a knockout punch. The big question: can it rally and rebuild trust, or is this just the start of a bigger meltdown? For now, all eyes are on WRX, waiting to see if it’ll bounce back or become another cautionary crypto tale.

India’s Finance Ministry Explores DeFi’s Impact

Summary: India’s Finance Ministry has shown great interes into the world of evergreen and growing Decentralized Finance(DeFi) hyped for its innovation but cautious of its chaos. Minister of State for Finance, Pankaj Chaudhary, spilled the tea on how DeFi could shake things up, urging for a chill-but-watchful regulatory vibe.

DeFi: The New Kid on the (Virtual) Block

DeFi’s like the cool, rebellious cousin of traditional finance no middlemen, no red tape. But with great freedom comes great risks. India’s Ministry of Finance sees the potential but isn’t blind to the drama. They’re teaming up with global brainiacs like the IMF and FSB to figure out how to keep the DeFi party lit without crashing the economy.

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Chaos in Crypto Land

The Ministry is all about “stablecoins first, vibes later.” DeFi’s unregulated and decentralized nature can be a black hole for scams and financial meltdowns. Even the Reserve Bank of India has been side-eyeing crypto for its economic and legal risks. It’s basically telling everyone, “Don’t YOLO your life savings into this.”

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Balancing Act: Fun Meets Safe

Minister Chaudhary is playing referee encouraging innovation while throwing a penalty flag at risks. India’s working on rules that let DeFi stay fresh but keep users safe. Plus, they’re planning to up everyone’s financial literacy game, so people know how to handle their crypto without getting wrecked.

Fartcoin Soars 50% in a Day, Reaching $1.11 Milestone

Fartcoin has surged 50% in 24 hours, reaching $1.13 and attracting massive trading volume, with Binance offering 75x leverage, sparking interest despite the risks of meme coins.

Fartcoin’s back and bigger than ever! In the last 24 hours, the meme coin shot up 50%, hitting a high of $1.13 before settling at $1.10. With over $220 million in trading volume, it’s clear that Fartcoin’s got some serious hype going on.

The token’s market cap is now above $1 billion, and crypto traders are all over it. What’s making it even more awesome is that Binance has jumped in, adding it to its perpetual markets with a crazy 75x leverage. This is drawing in both retail traders looking for quick gains and institutional investors looking to take bigger risks.

It’s not just centralized exchanges that are buzzing. Fartcoin’s also making a splash on decentralized exchanges, with 26% of its trading volume still coming from Raydium and 23% from Meteora.

Critics are warning about the wild volatility and risk of meme coins, but Fartcoin’s massive trading volume and growing adoption across different platforms show it’s not slowing down anytime soon. Whether it’s a quick pump or the start of something bigger, Fartcoin’s got all eyes on it—and crypto traders are definitely paying attention. Stay tuned for the next move!

Also Read: Russia Hits Pause on Crypto Mining in 10 Regions

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