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.

Ex-Girlfriend Tosses $716M Bitcoin Fortune into Landfill

Summary: A hard drive containing 8,000 Bitcoins was accidentally thrown away by James Howells, a Welsh IT specialist, in 2013 after his ex-girlfriend Halfina Eddy-Evans. Bitcoin was worth £500,000 at the time, but it is now worth $716 million.

A Costly Mistake

The mix-up happened during a home cleanup when Howells accidentally told Eddy-Evans to toss a bag containing the hard drive. The bag ended up buried in the Newport Council landfill, a sprawling 110-acre site with over 1.4 million tons of waste.

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Hope and the Legal Battle

To get the council to investigate the landfill, Howells has been begging for years. He has even offered to pay £10 million to utilize robotic diggers and artificial intelligence. Despite pledges to contribute a portion of the Bitcoin that was recovered, the council turned down his pleas, citing legal and environmental issues.

By suing the council for $495 million in October 2024, Howells intensified the situation. Online discussions concerning the possibility of recovering the lost riches have been sparked by the anticipated court decision on December 3, 2024.

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Chill Guy Meme: From Viral Sensation to Controversial Cryptocurrency

Summary: A new meme is taking the online world by storm and has also started hitting marks on crypto market. Obviously, the meme we’re talking about is the “Chill Guy” meme and its memecoin soared by a staggering 7,258% as per the data provided by CoinGecko data.

What is the Chill Guy Meme?

Chill guy is an brown dog dress as a human being in a casual jeans, sneakers and a grey sweater posing itself in a chill persona. This surfaced into internet as a casual lighthearted character but then it got viral on several social media platforms like Instagram and TikTok and this lighthearted wholesome picture became a relatable icon of modern calm.

Chill Guy Enters Crypto and Controversy

As the Chill guy rose on popularity people started making memecoin out of it adn it did gain a lot of momentum and skyrocketed in value but in return faced backlash from Banks. In a X post, the official artist of the meme came forth and said ” I don’t endorse or consent to my art being used for any crypto-related things. Chill Guy is copyrighted, and takedowns will be issued on for-profit activities.”
This does create a tension in the crypto and meme environment after the addition of legal stance.

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Revolutionizing Crypto: KOLZ Brings AI-Powered Influencer Clones to Trading

Summary: KOLZ is flipping the sides of crypto game by using AI to create replicas of top influencers like Ansem and Lucky, giving traders real-time strategies. Furthermore, it’s not just about trading, users can even vibe with these AI personas on everything. With success stories rolling in, KOLZ is ready to drop big at its IDO on November.

KOLZ is really shaking up the crypto trading scene by combining two exciting entities AI and influencer expertise, ultimately offering users real-time access to AI-powered replicas of top crypto influencers like Ansem, Lucky, and Vass. These AI clones aren’t just for show and they do provide tailored strategies and insights, helping traders make smarter, more informed decisions.

The platform is especially designed to feel like you’re talking to a real expert. These AI replicas mimic the trading strategies and personalities of their influencer counterparts, making the experience more authentic and personalized.

Also read: ETH Soars Past $3,500: Is $4,000 the Next Target?

Their unique approach has already led to success stories. One user, RWZ118, reported a $10,000 gain after using Mando’s AI replica to spot a profitable trading opportunity. These real-world results demonstrate how KOLZ’s AI-driven insights can make a real impact on trading outcomes.

Excitement is building around KOLZ’s upcoming Initial DEX Offering (IDO) on November 27, following a successful pre-sale that raised over $200,000. As the platform gains traction, it’s positioning itself as a key resource for both new and experienced traders.

With its blend of AI and influencer-driven strategies, KOLZ is setting a new standard for personalized, real-time trading in the crypto world. This is just the beginning, and KOLZ is ready to lead the way in revolutionizing Web3 trading.

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Vitalik Buterin Warns: Crypto Needs to Evolve to Compete with AI

In short, Vitalik Buterin slammed OpenAI for ditching open-source values, calling it “CloseAI,” and warned that the crypto business must evolve or risk losing talent to AI hype. He urged merging blockchain with decentralized AI to innovate beyond repetitive projects. Despite challenges, he remains hopeful about crypto attracting fresh talent and creating meaningful applications.

Vitalik Buterin, the man behind Ethereum, recently spilled some serious tea about OpenAI and the crypto world during an interview with Tencent News’ “Qianwang.” His main focus was on OpenAI’s recent glow up from an open-source darling to what he ironically quoted “CloseAI,” all for the sake of profits. And, yep, he went there, quoting Benjamin Franklin to hammer his point: “You cannot sacrifice freedom for security. If you do so, you will find that you will lose both security and freedom.” Mic drop.

OpenAI Drama: From Non-Profit to Money Machine

Vitalik didn’t hold back while calling out OpenAI’s leadership shift. Apparently, the CEO Sam Altman took over after some internal drama with the board which led to the turning of once non-profit organization into a for-profit powerhouse. The board? Basically reduced to being cheerleaders in the stands. This evolution, Buterin feels, has made OpenAI less about innovation and safety and more about cashing in.

Crypto’s Glow-Up or Glow-Down?

Switching gears, Buterin threw some shade at the crypto world too. Over the past five years, he feels like crypto’s been stuck in a bit of a rut. The big, world-changing ideas is MIA, he believes. He warned that AI hype could be stealing all the cool, creative people from crypto, leaving behind only stale folks who are just there to recycle old ideas.

But wait, all hope’s not gone. Buterin thinks merging blockchain with decentralized AI or even developing tech that can stand toe-to-toe with AI could be game-changing for crypto. His warning isn’t just about keeping up with the times but its more a call to action for the crypto community to stay bold, creative, and, most importantly, true to its roots.

Read more: Solana (SOL) Surges Past $260 as Binance Coin (BNB) Holds Steady

ETH Soars Past $3,500: Is $4,000 the Next Target?

Ethereum is back on track, breaking $3,500 after months of lagging. Its mainly fueled by alt season hype and Bitcoin’s near $100K surge. Currently trading at $3,490, it’s looking at $4K but it does has resistance around $3,800 to $3,900. With already going massive Bitcoin’s moves and macro trends in play, ETH’s path forward looks promising but volatile.

On the end of November, Ethereum’s token ETH just pulled a major comeback. This sprint comes after long months of feeling left out and is fueled by Bitcoin’s crazy climb toward $100K and the buzz around alt season.

ETH’s Comeback Story

ETH hasn’t seen the $3,500 zone since July, but it’s finally caught up to Bitcoin’s glow-up. Right now, ETH is sitting pretty at $3,490, up a solid 13% in just a week, as per TradingView. Everyone’s now wondering if this momentum will take it to $4K.

This Week’s Price Action

So, what’s next? ETH seems to be chilling in the $3,500 range for now and is likely looking to build up some energy for the next big push. Major crypto Top Gs are eyeing $3,800 to $3,900 as a big challenge. Its kinda like a boss fight on its way to reach the $4K mark. ETH’s gotta bring its A-game to break through.

Here’s the deal, though: Bitcoin’s drama (it’s so close to $100K!) and broader market vibes could mess with ETH’s momentum. Altcoins often ride Bitcoin’s wave, so everyone’s keeping tabs on the bigger picture.

Read more on Ethereum here

The Road to $4K

For ETH to hit $4K, it’ll need some major buying power and a bit of luck from the global economy. Things look good overall, but don’t forget—crypto can be a bit of a rollercoaster. For now, ETH is on the up, but short-term chaos could still shake things up.

The takeaway? ETH is out here making moves, and while the journey might get bumpy, $4K feels closer than ever. Stay tuned!

Read more: Chill Guy Coin (CHILLGUY) Skyrockets 650% to $0.222 in Just 2 Days

WBTC Flash Crashes on Binance Below $6K After Coinbase Delisting

Summary: Just days after Coinbase stated that it was delisting Wrapped Bitcoin (WBTC) owing to liquidity issues, the price of WBTC fell to $5,209 on Binance before rising to $98,000.

Sparks of Uncertainty in a Flash Crash

BitGo’s WBTC saw a precipitous 95% drop on Binance on November 23; in less than an hour, it went from $98,500 to $5,209. The cause is currently unknown, and neither BitGo nor the WBTC team have provided an explanation. This comes after Coinbase said that it would delist WBTC on December 19 due to liquidity issues.

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Growing Competition in Wrapped Bitcoin

Coinbase’s entry into the market with its competitor token, Coinbase Wrapped Bitcoin (cbBTC), intensifies the competition for WBTC. Kraken has also launched its version, kBTC.

The delisting comes amid strained relations between Coinbase and Justin Sun, involved with WBTC via a BitGo joint venture. Sun has criticized Coinbase for failing to provide proof-of-reserves for cbBTC.

WBTC’s Role in DeFi

WBTC, which was introduced in 2019, tokenizes Bitcoin in order to facilitate liquidity in systems that use decentralized finance (DeFi). Its market capitalization is close to $14 billion, and it is correlated 1:1 with Bitcoin.

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Blockchain Association Pushes Trump to Prioritize Crypto

Summary: Crypto community has a lot of hope from president-elect Donald Trump, and they want trump to take 5 out of several key steps in his first 100 days to position U.S. as a leader in the sector of blockchain and many completely believe he’ll go forth with it too as he started his campaign with a promise to make U.S. a pro-crypto nation.

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Five Crypto Priorities for Trump

1. Create a Regulatory Framework
The association calls for clear crypto legislation to balance consumer protection and innovation, with a focus on stablecoins, which offer price stability by being pegged to assets like the U.S. dollar.

2. End Banking Bans for Crypto Firms
Crypto businesses struggle without banking access, affecting payroll and vendor payments. Lifting restrictions would stabilize their operations.

3. Reform the SEC and Repeal SAB 121
The group seeks new SEC leadership to replace what it terms a “hostile” stance and recommends repealing SAB 121, an accounting rule limiting crypto activities.

4. Appoint Pro-Crypto Treasury and IRS Leadership
New leadership could address restrictive tax policies like the Broker Rule, fostering privacy and innovation while discouraging firms from relocating offshore.

5. Establish a Crypto Advisory Council
A public-private council would promote collaboration between regulators, Congress, and the industry to create balanced rules supporting growth and consumer protection.

Senator Lummis Proposes Bitcoin Reserves Backed by Gold

Summary: Senator Cynthia Lummis suggests a digital and decentralized way to make their national finances strong, He suggests converting U.S. gold reserves into Bitcoin. Though this seems to be a great leap for crypto community and it’s development, critics question the feasibility of the program in the midst of U.S’s growing debt crisis.

Bitcoin Strategic Reserve Plan

Lummis says that currently Bitcoin is way more valuable than gold as gold has recently been undervalued. He aims to do this without creating new dollars. He also points out that the BTC can be stored in Bitcoin Strategic Reserve Fund in decentralized places to make sure it’s properly and very tightly secure to reduce centralized risk like gold. He suggests a program to buy 200,00 BTC annually to ensure the reserve reached 1 million BTC in five years, which he expects would lead the states to participate through segregated accounts if the BTC is held for 20 years.

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Criticism and Concerns

No matter how blissful the program by senator may sound but experts in field of economics, Avik Roy argue that this plan won’t be able to address the annual $2 trillion deficits and explains how fiscal reform is vey much necessary. He also expresses how the volatility of Bitcoin and the crypto space as a whole causes potential misuse.

Trump’s Crypto Push

Trump has always advocated for a pro-crypto administration which includes a crypto advisory board to guide policy. Since this is a really huge deal for every digital and decentralized firm, Major crypto firms like Ripple and a16z are dying for a role.

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NFTs Hit $158M in Weekly Sales, Powered by Ethereum and Bitcoin

NFT sales just hit $158M this week, led primarily by Ethereum ($49M) and Bitcoin ($43M), despite a 12.7% drop from last week. Solana saw a huge spike in buyers aswell, with 185K+ active users. The NFT market’s still strong, closing November with solid momentum after a record-breaking October.

NFTs are still holding strong despite a slight dip this week, with $158 million in sales over the last seven days, according to CryptoSlam. While that’s a 12.7% decrease from last week’s $181 million, the numbers are still looking solid, especially when compared to earlier in November when sales were only around $93 million.

Ethereum continues to dominate the NFT scene with $49 million in sales, though that’s down 25.9% from the week before. Bitcoin NFTs are also holding their own, recording $43 million in sales, though that’s a 29% drop.

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But here’s where things get interesting: Solana, which has been flying under the radar, just smashed it in terms of buyers. With over 185K Solana users actively picking up NFTs this week, which is a 58% jump from last week, its giving off positive vibes all over! In comparison, Ethereum, while leading in sales volume, saw a slight dip in buyer activity.

Other networks like Polygon, Mythos Chain, Immutable, and BNB Chain combined for $35.8 million in NFT sales this week. And although the average transaction value dropped a little, from $133 to $126, it’s clear that interest in NFTs is holding steady.

Looking at the bigger picture, the NFT space is showing some serious resilience. October saw a huge spike in sales, ending a seven-month slump, and now November is keeping the momentum going. Despite the fluctuations, the rise in Solana’s buyers and Ethereum’s continued dominance show that the digital collectible market is alive and kicking.

Despite a minor decline this week, NFTs are still doing well; according to CryptoSlam, sales over the past seven days have totaled $158 million. Even while it is a 12.7% drop from previous week’s $181 million, the figures appear to be stable, particularly when contrasted with sales of only about $93 million earlier in November.

With $49 million in sales, Ethereum is still the market leader in NFT, despite a 25.9% decrease from the previous week. Despite a 29% decline, Bitcoin NFTs are still doing well, with $43 million in sales.

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Solana (SOL) Surges Past $260 as Binance Coin (BNB) Holds Steady

The crypto market’s on the rise, and Solana (SOL) is absolutely crushing it on the game, crossing $260, and Binance Coin (BNB) is just chilling, waiting for its next move. Solana’s hype is real, with predictions to hit $1,000+ by 2025, while BNB might soon break out and hit $1,000.

The crypto market has been on a constant rise of a while now and it continues to grow even bigger everyday. Solana’s token SOL swung high up and soared past $260 recently. Meanwhile, Binance is also preparing itself for a massive jump very soon.

Solana Prediction Till 2025

Solana (SOL) is going off hard right now. It’s been outpacing a lot of top altcoins, with its price skyrocketing 60% this month, crossing $260. Over the past week, it’s up more than 25% and looks set to close above $270 for the week.

Solana may swiftly surpass $300 if it can merely break above $265, which would increase investor confidence. Top cryptocurrency Gs are rather optimistic on it, and indicators like the 20 VWMA and the 14-day RSI are also displaying additional higher momentum.

According to well-known pundits like blue_collarvest, Solana might reach $1,300 by 2025. CryptoYapper predicts that in the upcoming six to twelve months, it will rise between $1,000 and $1,200. Given the increasing interest in memecoins, Solana is among the greatest cryptocurrencies to wager on at the moment.

Binance Coin (BNB): Returning Soon!

Binance Coin (BNB), the top token from the Binance exchange, hasn’t been doing that great this week. Solana has recently passed it, and BNB holders are hoping for a better run ahead. The price went up 7% in the last month and 4% this week, sitting just above $630.

Even though it’s had a slow week compared to coins like SOL, ADA, and XRP, experts believe BNB’s preparing itself for a big jump. Key indicators show it’s trading above important levels, like the 10-EMA ($619) and 10-SMA ($621), suggesting the price might go up soon.

Analysts are still bullish on BNB, predicting solid gains. CryptoFaibik set a mid-term price target of $1,000, while Blockcastcc thinks that if it breaks above $662, it could surge all the way to $1,630, making it one of the top cryptos to watch.

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