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.

Consensys’ Joe Lubin Launches Platform for On-Chain Sovereignty Declarations

Joe Lubin who’s also CEO of Consensys has just introduced a linea-based platform allowing users to declare personal sovereignty on-chain. This man, Lubin and his company knew that this start supports the decentralized government system and personal autonomy by enabling individuals to affirm commitments like data privacy and economic control.

A Platform for On-Chain Sovereignty

Joe Lubin found a way to unveil sovs.xyz on Nov,15 where every second news of crypto is about Bitcoin. This sovs,xyz is a new layer-2 blockchain on Consensys’ Linea. This platform sounds and seems amazing and fantastic as it allows user to make cryptographically-secured declarations of personal sovereignty in wide wide areas such as technological freedom, data privacy and environmental responsibility.

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Advancing Decentralized Digital Life

Lubin very boldly and proudly claims that this projects is a part of ” progressive prudent decentralization” rally. The very essence and existence of is described to be the one which empowers people to claim personal autonomy while also advertising transparency and self-governance.

Toward Network States

This initiative goes hand to hand with Consensys’s objective to establish “network states”. The company defines network states as decentralized communities with their own separate rules and governance which seems enticing at sight but is it any better than current system ? We have yet to know the answer to this.

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Binance Margin Expands with New USDC Trading Pairs

Latest news: Binance Margin now offers new USDC trading pairs for all Cross and Isolated Margin. This has made it way easy to diversify portfolios and tweak different trading strategies. Now users can stay relaxed and remain informed on margin limits and risks while enjoying more stablecoin options. As always, trade smart and know the risks!

Binance, a leading global cryptocurrency that is known for its wide range of trading services, including spot, margin and futures trading and plus innovative ideas for financial products and solutions for users worldwide, has made a huge announcement about the addition of new USDC trading pairs on its Margin platform. This addition is specifically for Cross and Isolated Margin options. This move will possibly enhance the trading  experience largely by offering more choices for portfolio diversification and flexible trading strategies, according to Binance.

Fresh USDC Pairs, More Wins

USDC pairs, the fresh drop by Binance Margin will give traders way more space to work with and give more ways to diversify, flex their strategies and adapt to market moves. It’s all about levelling up options and making trades smoother for everyone.

However there are some important considerations to be taken, users need to consult the updated list of marginable assets and familiarize themselves with specific limits, collateral ratios, and rates on the Margin Data page. Also note whether the original English content and translations are trustable. Users are highly recommended to use the English version if possible.

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About USDC: Stablecoin You Can Trust

USDC is a stablecoin that is backed by US dollar, issued by the Circle. It keeps its value steady, and holders can cash it out 1:1 anytime. Its absolutely perfect for staying liquid and secure even when the crypto scene is getting wild.

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NEAR Surges 42%, Nearing $20 Mark with Deutsche Telekom’s Support

NEAR’s price has managed to pop by over 42% this week. This recent pop led the token to near a $20 mark which is also said to be highly assisted by the involvement of Deutsche Telekom as a validator. This collab also overall boosted blockchain adoption hype. It currently holds a $1.6B trading volume and solid support at $2.74. Analysts are predicting NEAR hitting $15-20 in 3-6 months.

NEAR protocol is on a bullish ride right now and the momentum doesn’t seem to slow down any time soon. Over just past seven days, this token has managed to surge by over 42%. Coincidently so, they had made a massive collaboration with a German Telecommunications firm  Deutsche Telekom, which was said to support NEAR protocol in coming days.

Read more about their partnership: Deutsche Telekom Partners with Meta Pool to Advance Decentralized AI on NEAR Protocol

In short, NEAR’s like the ultimate plug-and-play blockchain for building DApps that can handle millions of users while, Deutsche Telekom is all about decentralization and keeping your data yours, so this collab just vibes perfectly.

While this partnership was buzzing all over with good vibes, the token still dipped by 5% in the past 24 hours. landing at $5.16, but no biggie as graph shows it is still up by 42% this week. Trading volume also hit a wild $1.6B, meaning investors are all over it. NEAR’s overall market cap is now $6.2B, with $1.2B tokens circulating.

The charts are giving traders a lot of information, at the fire support level of $2.74, buyers continue to intervene. On the other hand, NEAR needs to break beyond the $6.20 barrier in order to make more money. According to analysts, if it breaks that, it might soar to $15–$20 within the following three to six months.

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ADA Jumps More Than 21% After Hoskinson Drops Exciting Hint

ADA price just shot up by 21% and hit $0.75 all thanks to Charles Hoskinson. His mysterious meetings with Elon Musk’s SpaceX team is the reason behind this surge. With a 70% weekly gain, ADA’s market cap is over $26.5B. To add fuel to the fire, Cardano’s growth and Hoskinson’s comments are constantly backing it up.

ADA is a native cryptocurrency of Cardano, which is a well known decentralized platform designed especially for building smart contracts and dApps (decentralized applications). It was founded by Charles Hoskinson, one of Ethereum’s co-founders, and he has been attending mysterious meetings with Elon Musk’s SpaceX team. Many speculate this to be the main reason behind this sudden surge of ADA token.

This token from Cardano has skyrocketed over 21% in just 24 hours, which led it to ultimately reach $0.75. This mark wasn’t taken since March. Now with their weekly gain nearing 70%, ADA’s market cap has exceeded $26.5 billion and its by a massive 24-hour trading volume of nearly $5.8 billion.

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This surge is all thanks to Charles Hoskinson’s cryptic vibes. In a video posted on X, he teased a recent visit to SpaceX to chat with Elon Musk’s crew themselves. While the deets are still locked behind an NDA, he has already dropped hints about some major moves, sending the Cardano fam wild.

This hype about Cardano growth is real and Hoskinson is keeping the optimism high by constantly calling the Cardano community the best. Looks like ADA’s momentum is only picking up as we wait for more drops!

Kaixin Eyes Crypto Mining Expansion Amid Bitcoin’s All-Time High

Summary: Kaixin which is a Chinese EV making company, it aims to shift from it’s actual core business of automobile and plans on controlling stake in Middle Eastern Cryptocurrency mining facility. This project is severely beneficial for Kaixin from sectors such as cost-effective mining machines and stable energy supplies which perfectly aligns with Kaixin’s expertise in sustainable practices.

Strategic Shift for Kaixin

Kaixin isn’t a rookie name in terms of automobile companies and for which Electric Vehicle Manufacturer to shift from it’s major path and step on to this unventured territory is a big risk, but will it also return back at them with big rewards? The company us in advanced talks to acquire a Middle Eastern mining facility, by showing their sustainable background and it’s super and real easy access to stable energy and cost-efficient Bitcoin mining machines as key advantages.

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Leveraging Expertise in Sustainability

Many people believe that Kaixin took this initiative because it always had expertise in sustainable operations. The company aims to make a good use of it’s expertise while continuing to maintain it’s actual and core focus on automobile excellence.

Riding the Crypto Wave

This move came after Bitcoin hit it’s all time high and is still on a rampage streak, this pushed the global crypto cap beyond $3 trillion. Kaixin’s choice of vividly shifting it’s major focus to crypto must have been an affect of BTC’s recent success. The acquisition timeline remains unclear as evaluations continue.

$OM Token Skyrockets 35% in a Day on Mantra Chain

Mantra Chain’s $OM token as seen massive boom lately, increasing by 35% and hitting $2.72. This really helped them boost their market cap to $1.9B with massive $867M in trading volume. Big action came from exchanges as well which also came from big names like Bitunix and DigiFinex. However, a whale pulled out 1.2M $OM from Binance which led to prices dipping by 3% and now overall tokens left are 888.89M.

A native cryptocurrency that powerds Mantra ecosystem goes by the name of Mantra Chain’s $OM token. This is a blockchain focused on DeFi, staking and governance. This token is gaining good momentum lately, graphs show it increasing by 35% in just a matter of 24 hours. According to CoinGecko, it reached $2.72 mark after this surge. The OM token is currently being traded very actively on multiple exchanges and this recent increase even pushed its market cap to reach $1.9 billion. That’s a 32% up  with a 24-hour trading volume surge of 215%, resulting in total $867 million reach.

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With a 24-hour volume of $33.68 million, or 3.88% of the overall volume, Bitunix has the greatest volume of trades, with the OM/USDT pair trading at $2.21.. That’s not all , other exchanges from  Ourbit and DigiFinex also contribute massively, with Ourbit solely handling $13.23 million and DigiFinex seeing $80.2 million in trading volume.

This surge didn’t last long though, just after this the price dropped by 3%. This sudden drop is all because of a whale’s withdrawal of 1.2 million OM from Binance. Reportedly, he withdrew 19.47 million OM from Binance since December 24, at an average price of $0.662. As of now, the total supply of tokens is 888.89 million, among which 855.14 million tokens are already on circulation.

Read more: Polymarket Whale Loses $3.6M in Tyson Bet Gone Wrong

Thumzup Allocates $1M for Bitcoin Treasury Reserve

Summary: Thumzup which is a Los Angeles-based Media Corporation is taking it’s initial step into the crypto world by allocating up to $1M of its treasury to Bitcoin. Robert Steele who’s the CEO of the said company said Bitcoin’s growing institutional acceptance and it’s recent bullish momentum were taken into great consideration while making this decision.

Thumzup Embraces Bitcoin

A social media marketing firm, Thumzup Media Corporation just recently announced to make their treasury diverse by diving deep into the crypto space. Their initial plan includes purchasing up to $1M in Bitcoin. As CEO himself explained, The inflation resistant and finite supply characteristics of Bitcoin really caught their eyes and the company views it as critical advantage for a long-term store of value.

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A Growing Trend in Treasury Assets

Thumzup isn’t the only particular company to do this, recently larger and larger trend of companies are embracing Bitcoin as a reserve asset more than a liability. Just few days ago Pennsylvania’s Bitcoin Strategic Reserve Act also highlighted the increasing interest in integrating Bitcoin into tradFi as it serves as a valuable asset.

Aligning with a Digital Future

Thumzup now joins the group of cool companies which have integrated crypto into their business or in their firm for long-term profit and now people have started considering these companies as “forward-thinking business”. This move goes hand to hand with rising optimism from figures like Senator Cynthia Lummis, who is a crypto witch and envisioned Bitcoin playing a greater role in financial strategies nationwide.

Polymarket Whale Loses $3.6M in Tyson Bet Gone Wrong

Polymarket whale “zxgngl,”, the one who once bagged $11M keeping all bets on Trump. Now he faces defeat as he just lost $3.6M betting on the most anticipated Mike Tyson versus Jake Paul. Paul absolutely dominated throughout and Tyson also looked very tired to begin with, this zxgngl’s gamble backfired bigtime. But even with this L, they’re still top 4 on Polymarket, where the fight saw a wild $63M in bets.

Zxgngl, a high stakes bettor and a prominent figure on Polymarket, which is a popular prediction platform, has just dumped out loads of money after losing the bet on Tyson vs Paul boxing match on November 15.

He has a record of winning bets, the most recent one was when he bet on U.S. presidential election 2024, where he bet on Trump’s victory and bagged a profit of whopping $11 million. Sadly, this victory was immediately followed by a massive loss on the recent boxing match. Zxgngl heavily favored Mike Tyson, even weeks before the match he was praising Tyson continuously. However the odds for the match showed that Jake Paul had a 63.5% chance of winning and Tyson had just 29.5% chance, the remaining 8.5% was the possibility for a draw. Despite all the odds against him, zxgngl decided to support for Mike and the results were awful for him.

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By the end, Jake Paul was awarded a unanimous decision victory, and Tyson’s hopes of securing a win were dashed. This news shocked the world and more to zxgngl as he lost  $3.6 million on it. This is near to one third of the previously won bet on elections. However, despite these losses, zxgngl still remains a prominent figure on Polymarket’s leaderboard.

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XRP Rallies 15% as Speculation Grows Over Gary Gensler’s Exit

XRP price is pumping loads right now, as it just surged by 15% in 24 hours, hitting $0.8177, riding on SEC Chair Gary Gensler exit rumors and Trump’s pro-crypto vibes. Even add Société Générale’s stablecoin launch on XRP Ledger and its no shocker XRP is definitely dominating while Bitcoin and Ethereum lag a bit. Analysts are hyped for $1+ targets.

With a 15% increase in the last day, XRP, a native cryptocurrency from the XRP Ledger (XRPL), is rapidly gaining traction. It is now the best-performing asset among the top 100 cryptocurrencies, trading at $0.8177. As its seven-day gains reached 49%, a level not seen since July 2023, this rally kept getting stronger. The market sentiment seems to have positive insights in light of this news.

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This major factor for hype is all thanks to a rumor of big changes coming soon to the SEC. Talks are swirling all over that SEC boss Gary Gensler might step down, this especially came up after a note about his time in charge. With Trump also eying over a second term, the crypto world is completely hyped over a potential regulatory shake-up. They’re betting Gensler’s exit could mean the SEC drops its Ripple appeal and finally end that never-ending court drama.

Trump’s promise to fire Gary Gensler has sparked rumors across crypto community about him resigning earlier than expected. There’s also this buzz about Trump cutting crypto capital taxes which is fueling the hype even more. Société Générale’s euro stablecoin on XRP Ledger adds to the action.

While some of the big names like Bitcoin, Ethereum and Solona are facing minor dips, XRP’s breaking through everything and is sharply targeted towards $8 all thanks to this future market buzz.

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Greenidge Generation Wins Legal Battle to Operate in New York

Summary: Greenidge Generation which is a bitcoin mining company secured a grand and difficult legal victory allowing it Dresden, New York, facility to continue operations. The New York Supreme Court ruled against the state’s department of Environmental Conservation (DEC), calling its falsehood of Title V Air Permit “arbitrary and capricious”. This is a good indication for other mining companies facing such problems but if there’s a problem it must go to legal standpoint and be won like the one Greenidge had.

Court Clears the Way for Greenidge

Greenidge won the legal battle as the New York Supreme Court overturned the DEC’s denial of Greenidge’s air permit, showing a lack of rational basis for its decision. Judge Vincent Dinolfo openly and boldy criticized the DEC’s interpretation of the Climate Leadership and Community Protection Act (CLCPA), which makes sure Greenidge can work without anyone and anything to interuppt, this might just prove to be the most significant win Greenidge has had over the time.

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Legal Battle Overreach

Greenidge had it’s initial plans set as its fresh argument included criticizing DEC for overstepping its authority by denying the permit despite the facility’s following the laws, which shines a truly negative light on DEC. The company stayed on its ground and won the ruling for ” facts and the rule of law” over “politically motivated governmental overreach.”

Looking in the future

This ruling marks Greenidge’s not first not second but seventh favorable decision on operational matters. The company still aims to conduct a partnership with the DEC on a new permit while also improving its contributions to the locals and the economy through job creation and electricity generation. This is a very fascinating case and also a case where everyone can learn something as this case highlights tension between environmental policies and industrial development in New York.

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