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.

Tap-to-earn game Dropee’s Daily Combo for November 29, 2024

Dropee’s tap-to-earn game is the ultimate crypto gaming glow-up! 💎 Just tap, complete quests, and rack up rewards—crypto has never been this fun. On late Nov, the Daily Combo answers were: Influencer Collaboration, Security Audit, and Environmental NGO Partnership, and “ATH” means All-Time High (duh). With its native token on the way and daily challenges keeping the vibe fresh, Dropee is leveling up the game.

Dropee is bringing the heat in crypto gaming with its tap-to-earn model that’s basically a glow-up for boring old airdrops. Instead of just getting free tokens, you tap, complete quests, and snag rewards. It’s crypto, but make it fun and interactive. 🎮💰

Here’s the tea: Dropee keeps players hooked with daily challenges like the Daily Combo and Question of the Day. On November 29, 2024, the winning Daily Combo answers were:

  • Influencer Collaboration
  • Security Audit
  • Environmental NGO Partnership

And the Question of the Day? “ATH” stands for All-Time High. Easy money if you know your crypto lingo!

But wait, there’s more left. Dropee’s cooking up its own native token and are promising even more perks and rewards for players. Plus, its variable rewards system keeps things spicy, users can earn anything from in-game currency to exclusive bonuses. And with fresh content dropping every 24 hours, there’s always something new to look forward to.

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Algorand (ALGO) Surges 25% in a Day: On Track to Hit $0.75?

ALGO is popping off, jumping 25% in 24 hours and hitting $0.37 after a wild 205% monthly rally. Breaking past its $0.28 resistance, it’s got the vibe of a comeback king with bullish RSI and MACD signals. With Bitcoin nearing $100K, ALGO’s next stop might just be $0.75.

ALGO is stealing every spotlight, surging 25% in the past day to hit $0.37, its highest price this year. It’s been a wild ride tbh—just last August, ALGOdid hit rock bottom however, at $0.094, a 96% drop from its all-time high of $2.99 which was about 3 years ago. But now things are looking spicy as ALGO’s pulling a full complete 180, flexing a massive 205% gain this month.

So, one may wonder what’s behind this immense glow up? Well, first off, ALGO absolutely broke through the $0.28 resistance, a wall it’s been stuck behind since 2 years ago. This breakout is a big deal, showing off serious market confidence. Pair that with its double-bottom pattern (fancy chart talk for “things are looking good”) and four straight bullish weeks, and you’ve got a token that’s turning heads.

Even the techy signals are hyped.Given that the MACD is in the green and the RSI is over 50, ALGO may continue to rise. Plus, community excitement is also stoking the already raging flames as their ALGO Foundation India Summit approaches.

Not to mention the wider picture: Bitcoin is causing a stir about $100,000 and boosting the entire cryptocurrency sector. ALGO may soon be aiming for $0.55, and possibly even $0.75, if this bullish trend continues.

Continue Reading: Trump’s Crypto Crew Might Spark a U.S. DeFi Boom, Say Analysts

Trump’s Crypto Crew Might Spark a U.S. DeFi Boom, Say Analysts

Summary: As Trump promised with his pro-crypto nation policy, Us could be heading for a massive and drastic positive glow up in Defi. Several well known and knowledgeable analysts from Matrixport strongly believe that 2024 might not only be about Bitcoin potentially replacing gold and being “digital gold” but also the start of a full blown decentralized finance (DeFi) revival.

Trump’s Pro-Crypto Cabinet Takes Shape

Donald Trump’s picks for Treasury, Commerce, and possibly the SEC have crypto vibes written all over them. Howard Lutnick, tipped for Commerce Secretary, is a big stablecoin fan, while Scott Bessen, his likely Treasury Secretary, straight-up said, “crypto is about freedom.” Even Paul Atkins, a crypto-savvy lawyer and former SEC commissioner, is in the mix for SEC Chair. Together, these guys could flip the script on U.S. financial policy, putting blockchain tech and DeFi at the forefront.

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DeFi Renaissance Incoming?

Matrixport analysts predict that 2024 could bring more than just Bitcoin hype; we’re talking a full-on DeFi revival. Traditional finance might start vibing with decentralized apps to make payments and transactions smoother. If the U.S. goes all in, it could pressure other countries to embrace crypto too. The analysts also hinted at a “Strategic Bitcoin Reserve” being on the table.

The Bigger Picture

Beyond regulations, this shift could digitize the U.S. financial system, making crypto apps the real MVPs of the economy. Bessen’s call for tighter budgets might even boost Bitcoin buying as a hedge against uncertainty. If this squad delivers, we’re looking at a serious crypto glow-up in the States.

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Ethereum Co-Founder Jeffrey Wilcke Cashes Out 20K ETH Amid Market Surge

Summary: Ethereum co-founder Jeffrey Wilcke sold 20,000 ETH, worth $72.5M, on Kraken as ETH hit $3,600. While ETH’s rally shows signs of cooling, Wilcke’s moves have sparked speculation about market trends.

Wilcke’s ETH Sell-Off

Jeffrey Wilcke, one of Ethereum’s OGs, just offloaded 20,000 ETH to Kraken, bagging $72.5 million. This isn’t the first time he’s done this type of risky move, this is the fourth time he has made such a gigantic move in 2024 alone, with total sales of 44,300 ETH valued at $148 million. Despite cashing out, he’s still holding strong with 106,000 ETH, worth $382 million, proving he’s not entirely out of the game.

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ETH’s Rollercoaster Ride

Ethereum flirted with the $3,700 mark earlier today but couldn’t keep the momentum, pulling back to $3,566—a modest 1% gain in 24 hours. Analysts are keeping a close eye, wondering if the whale activity is signaling a market cooldown or gearing up for another pump.

What’s the Vibe?

This complete sell-off by Wilcke’s has made every crypto enthusiasts talking. Some people think this move is just done for small time and early profit while others strongly believe this to be a signal and a warning signal for others to brace for market volatility. This doesn’t finalize anything as anything is absolutely possible in crypto space.

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SOS Ltd Goes Big on Bitcoin with $50M Reserve Plan

Summary: China-based SOS Limited is making tremendous and strong waves in the crypto scene and it also announced its amazing plans to drop $50 million on Bitcoin to bolster its portfolio. The publicly traded firm’s board greenlit the move, with CEO Yandai Wang calling Bitcoin a “strategic asset and global store of value.” The goal? Build a BTC reserve, expand digital investments, and ride the crypto profit wave.

Nations Eye Bitcoin Reserves Too

SOS isn’t the first to jump on the Bitcoin bandwagon. Genius Group, based in Singapore took the crypto space by storm taking up headlines earlier this month with a astonishing amount of $120 million BTC buy which they manage to follow by another $14 million to beef up its crypto stash. Over in Japan, Metaplanet and Remixpoint are also not backing down but stacking up sats, still MicroStrategy continues to lead the crypto scene with jaw dropping and such a huge amount $21 billion spent on Bitcoin starting from 2020.

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Nations Eye Bitcoin Reserves Too

It’s not just institutions, corporate companies neither just big organizations but even official government bodies are vibing with Bitcoin. Donald Trump who’s current president elect from United States is planning on making a bitcoin reserve and is planning to make The United States of America into a pro-crypto country. Could this be the next big crypto move? With policies potentially dropping by 2025, it looks like Bitcoin is stepping out of the shadows and into the mainstream spotlight. 🚀

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Crypto Buzz in Russia: 8% Traffic Spike as Bitcoin Soars

Summary: Russia’s crypto scene is absolutely buzzing , with an 8% jump in exchange traffic as Bitcoin continues its epic and adventerous climb. The surge in internet traffic to major crypto platforms was revealed by telecom giant MegaFon, who says rising BTC prices and fresh mining laws are fueling the frenzy.

Crypto Fever in Full Swing

MegaFon’s analysis shows that Russia now accounts for around 27%-30% of total traffic to major exchanges. Globally, the story is similar, with web traffic to the top 20 platforms up by 8%-10% in November. Bitcoin’s price popping off by 45%—rallying from $68K to nearly hitting the big $100K—has everyone hyped, and Russia is no exception.

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Exchanges Riding the Wave

Platforms like Deribit are on fire, reporting a massive 126% boost in visits. Other big names like HTX (formerly Huobi) and KuCoin saw traffic spike by 24% and 23%, respectively. Not everyone’s thriving, though. Gate.io took a 26% hit, and Upbit and Kraken saw minor dips.

New Rules, Who This?

Russia’s new crypto mining law, live since Nov. 1, is also shaking things up. While it green-lights mining for registered pros, hobbyists face strict energy caps. With regional mining bans kicking off Dec. 1, the FOMO is real. Looks like Russia’s crypto crowd isn’t slowing down anytime soon!

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Crypto Milestone: Tornado Cash Sanctions Removed, Token Soars 430%

Big news: A federal court just said revealed U.S. Treasury being overstepped by sanctioning Tornado Cash. Its basically a crypto mixer linked to shady stuff like North Korean hackers. Around 2 years ago, it got hit for allegedly laundering $7B in crypto, including $455M tied to hacks. Crypto world’s buzzing over this decision!

Big news hit the crypto world recently: A federal appeals court ruled that the U.S. Treasury went too far by sanctioning Tornado Cash, the crypto mixer that got caught up with North Korean hackers. About 2 years ago, the Treasury slapped Tornado Cash with sanctions, accusing it of laundering over $7 billion in cryptocurrency, including $455 million tied to North Korean cyberattacks. They claimed it was used to clean dirty crypto from hacks by groups like Lazarus, which is known for major cybercrime activities.

But now, the court is finally stepping in and saying the Treasury had no right to do that. The ruling overturns the sanctions. That’s a major win for privacy advocates and crypto fans who’ve been concerned about how governments are regulating digital assets. Tornado Cash had been targeted because it helps users mix up their crypto transactions to stay anonymous—something that’s always been a gray area for regulators.

What’s even more wild is how Tornado Cash’s token skyrocketed by 430% after the ruling came down. It’s a clear sign that people are stoked about the court’s decision, and it’s a signal that crypto still has plenty of fight left. This ruling has got everyone talking about the future of crypto regulation, and for now, Tornado Cash is getting a fresh start. It’s a moment crypto enthusiasts won’t forget.

You might also like: Will Bitcoin Crash Again on Thanksgiving?

Will Bitcoin Crash Again on Thanksgiving?

Summary: Everyone especially crypto enthusiasts know how the holiday season causes volatility in price. So the hot topic for traders is how Thanksgiving will affect Bitcoin’s valuation. The big question: Will this year break the pattern, or is another dip looming ?

Thanksgiving’s Track Record

Thanksgiving week has often brought Bitcoin price corrections. In November 2020, Bitcoin peaked at $19,633 but failed to break $20,000 until after a sharp correction. Within two weeks, however, it surged past its all-time high, setting new records in early 2021. This year, Charles Edwards of Capriole Fund highlights that while Wednesdays like Nov. 27 are often bullish for Bitcoin, Thanksgiving Day itself has seen consistent price drops over the past five years, making traders wary.

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Current Market Vibes

Bitcoin is currently hovering near $95,000, a critical psychological level. Analysts believe a daily close above this mark could confirm bullish momentum, but failure to stay above the 50-day EMA might trigger a drop toward $90,000. The 4-hour chart shows potential for volatility, with the next 24 hours being pivotal for market direction.

Holiday Dip or December Rebound?

Even if Bitcoin dips on Thanksgiving, historical trends point to quick recoveries in December. Factors like the upcoming halving are keeping investor sentiment optimistic. Whether it’s a crash or a rally, Thanksgiving might just set the stage for Bitcoin’s next big move.

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US Spot Ethereum ETFs Soar to $10.8B in Assets Under Management

Spot Ethereum ETFs just hit $10.8B in assets, snagging 2.47% of ETH’s market cap. Big inflows coming in shows investors are hyped, especially with ETH rallying 15% this week to $3,631. Analysts think $4K is next. TL;DR: ETH’s on fire, and ETFs are riding the wave!

Okay, so here’s what’s been buzzing around the crypto world: Spot Ethereum (ETH) ETFs just hit a wild milestone. As of now it is ranked in a total of $10.8 billion in assets. That’s like 2.47% of Ethereum’s entire market cap. Yeah, it’s a big deal.

The last few days have been crazy. According to Sosovalue (shoutout to them for the stats), these ETFs got a solid $133 million in new money flowing in over just three days. On November 27 alone, a whopping $90.1 million came in, which screams one thing: investors are vibing hard with ETH right now.

So, why the hype? ETH’s price has been climbing like crazy—up 15% this week alone. It’s now sitting at $3,631, with a sweet 5.2% jump in just 24 hours. And guess what? It’s even outperforming THE Bitcoin itself. ETH said, “Move over, BTC; I’m the star of the show now.”

Analysts are now like, “What if ETH hits $4K?” If that happens, it’s game over (in a good way). With the ETFs popping off, ETH prices rallying, and big institutions finally giving it the nod, Ethereum’s basically proving it’s the main character in this crypto story.

So yeah, buckle up. It’s Ethereum’s world right now, and we’re just living in it.

Continue reading: Former Binance Executive Files Lawsuit, Claims Bribery Scandal Exposure

Former Binance Executive Files Lawsuit, Claims Bribery Scandal Exposure

Amrita Srivastava, a former executive at Binance, is suing the cryptocurrency behemoth, alleging she was let go for disclosing a bribery scandal in which a coworker reportedly accepted dubious money in order to expedite a customer. Binance disputes this, citing poor performance as the reason for her termination. The case brings Binance’s complex internal strife and compliance problems to light.

So, here’s the tea: Amrita Srivastava, a former senior exec at Binance, just dropped a lawsuit on the crypto giant, saying they kicked her out after she blew the whistle on some seriously shady business.

Amrita worked on Binance’s Link platform and says she caught a colleague pulling a sneaky move—allegedly taking cash disguised as “consulting fees” to fast-track a customer’s onboarding. The kicker is that this dude didn’t even reveal he worked for Binance. She flagged the whole thing to management in April last year, and then boom, she was out of a job a month later.

Binance, also says it’s not what it looks like. Their take here is Amrita getting fired for her “poor performance,” and it had nothing to do with her whistleblowing. According to Binance they already knew all that and stayed silent.

But Amrita isn’t buying it. She joined Binance in 2022, thinking it’d be all about leveling up compliance and doing crypto right. Instead, she says it was chaos central, with everyone focused on chasing revenue, even if it meant sketchy moves like dealing with Iran-linked clients.

“I couldn’t just look the other way when someone straight-up scammed a customer. Asking for bribes? Defrauding clients? That’s not a gray area—it’s just wrong,” Amrita said.

She’s taking her case to a UK tribunal, where whistleblowing payouts are uncapped. Translation: if she wins, Binance could owe her a serious bag.

Meanwhile, this lawsuit comes as Binance is already in hot water for paying $4.3 billion to settle U.S. anti-money laundering violations. Yikes.

The case isn’t just about Amrita; it’s another messy chapter in Binance’s ongoing saga, giving us all a peek behind the curtain at one of crypto’s biggest players.

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