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.

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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Small Towns in India Are Killing It in Crypto

Summary: India’s no stranger to online market and cryptography as India’s small cities are also getting involved and getting well versed in blockchain technology, turning heads even with high taxes and a lack of clear regulations. From meme coins to Bitcoin, these towns are proving that the crypto buzz isn’t just for metro elites.

Small Towns, Big Moves

Forget Mumbai and Delhi; places like Patna, Jalandhar, and Guwahati are where the real crypto action’s at. According to The Times of India, these Tier 2 and 3 cities are brimming with young investors who are all about Bitcoin and meme coins like Dogecoin and SHIB. Despite the 30% tax on gains and the annoying 1% TDS rule, these crypto enthusiasts aren’t sweating it. They’re in it for the thrill, the gains, and let’s be real, the clout.

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The Meme Coin Mania

Meme coins are the MVPs here, making up about 13% of India’s total crypto investments. Dogecoin, with its Elon Musk-approved vibes, is a crowd favorite, while SHIB dominates trading. It’s no surprise that most of these investors are under 35 they’ve grown up in the digital age and are all about YOLO-ing their way into the future of finance.

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Crypto vs. Taxes: The Showdown

Sure, the Indian government isn’t making it easy. With sky-high taxes and no proper regulatory framework, the crypto space feels like the Wild West. But that hasn’t stopped these young hustlers. They’re navigating the chaos, staying hyped about what’s next, and proving that even small towns can make big crypto waves.

Bitget Token (BGB) Soars 264% in a Month, Reaching All-Time High

Bitget Token (BGB) popped off this month, skyrocketing 264% and hitting $4.87, with $6.53B market cap and $464M in 24-hour trading volume. It is now the 6th largest exchange. Its clear to see, Bitget’s hype is real, investors are vibing hard on its derivatives and spot trading services.

Bitget Token is having currently enjoying its main character moment after skyrocketing by an impressive 264% in just one month. It led to the token smashing its all-time high at $4.87. After this the coin holds a market cap of $6.53B and a 24-hour trading volume has hit $464M. Well, this token is on everyone’s radar.

Bitget, the 6th largest crypto exchange by trading volume, has been shaking things up with its killer features, from crypto derivatives to spot trading. This surge in BGB’s price shows that the exchange is thriving in a space that’s all about survival of the fittest. Investors? They’re obsessed.

The token has a circulating supply of 1.4B out of a max supply of 2B BGB, so scarcity is definitely a flex here. In the last 24 hours alone, trading has gone wild, with massive volumes proving that FOMO is real.

Despite the market’s usual chaos, BGB’s glow-up is giving major “investor confidence” vibes. Bitget’s growing popularity and solid performance in a cutthroat market make it clear: this isn’t just a pump—it’s a moment.

TL;DR: BGB is up, the market’s buzzing, and Bitget is proving it’s not just playing the game—it’s changing it.

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Trader Transforms $712 Investment into $3.95M Jackpot with UFD Memecoin

This trader flipped $712 into a wild $3.95M overnight. its all thanks to a joke meme coin called Unicorn Fart Dust (UFD). The coin was made on Solana to roast meme coin hype which resulted in an explosion by 5,500%, hitting a $170M market cap. Even its creator was like, “This wasn’t supposed to happen.”

A crypto trader just pulled off the ultimate glow-up, flipping a humble $712 into a jaw-dropping $3.95M in under 24 hours, all thanks to the iconic meme coin Unicorn Fart Dust (UFD).

Here’s the tea: UFD, which runs on the Solana blockchain, started as a joke. The creator, who’s more into gold and silver than meme coins, wanted to prove how ridic the crypto world has become. In a video, they even clowned on another coin, Fartcoin, which once hit a $500M market cap. The point? Most meme coins are vibes, not value.

But UFD had other plans. It went viral. Within an hour, its market cap soared to $23.5M, and by 2:52 a.m. EST, it hit $170.4M. The coin’s price spiked 5,500%, giving one lucky trader a literal life-changing payday.

The creator was absolutely shook. They never thought this would be that big. What started as a meme to mock the absurdity of crypto is now the latest Cinderella story. UFD might’ve started as a joke, but for one trader, it turned into serious cash.

Moral of the story: in crypto, even the jokes hit different.

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