Author: News Room
Bitcoin reached $99,000, nearing the $100K milestone with a 4.4% daily surge. President-elect Trump’s pro-crypto stance fuels market optimism. Bitcoin (BTC) reached a new milestone, breaking $99.3K for the first time, with a 24-hour increase of 4.4%. Its market cap climbed to $1.96 trillion, representing 59.2% of the global crypto market cap, which surged to $3.31 trillion. Trading volume also jumped by 31.25% in the past day, totaling $103 billion. The rally extends beyond Bitcoin. Ethereum (ETH) and Solana (SOL) surged by 9% and 12%, respectively, while XRP soared by 25%. Whales have been actively accumulating BTC, with one whale…
MetaMask has introduced a pivotal upgrade allowing users to conduct token swaps without ETH for gas fees, reshaping the DeFi landscape on Ethereum. This gas-included swap feature streamlines the transaction process, effectively removing barriers that have frustrated Ethereum users for years. Michael Khekoian, a Senior Business Development Manager at ConsenSys, stated, “Swaps in MetaMask no longer require ETH for gas… No more insufficient funds on swaps,” highlighting the innovation’s significance. MetaMask’s Gas Station feature simplifies token swaps on Ethereum, removing the need for ETH gas fees and revolutionizing user experience in DeFi. MetaMask’s Gas Station: A Game Changer for Users…
Cardano (ADA) price has surged 41.89% in the last seven days, signaling strong bullish momentum in the market. The uptrend remains strong, supported by key technical indicators like the ADX and Ichimoku Cloud, which point to sustained positive sentiment. However, signs of consolidation and narrowing gaps in short-term indicators suggest that the rally could face challenges if buying pressure weakens. ADA Current Uptrend Is Still Strong Cardano DMI chart shows an ADX of 42.7, indicating a strong trend. The metric has remained above 40 since November 7. This high ADX value confirms the robustness of ADA ongoing uptrend, signaling solid…
Japan’s Financial Services Agency (FSA) is proposing a new business category for enterprises dealing with stablecoins and virtual assets. Under the new system, “intermediary” or “brokerage” businesses involved with crypto and stablecoins could face less stringent legal requirements than is currently the case, where they are forced to register as crypto exchanges. According to a Nov. 21st report from Nikkei, and video footage of a meeting, Japan’s FSA could be removing restrictions for businesses that wish to deal with stablecoins and crypto. Currently, even businesses acting as intermediaries must technically adhere to strict guidelines (according to law) and register as…
Upbit, South Korea’s largest cryptocurrency exchange, disbursed approximately 8.5 billion won ($6.07 million) to 380 victims of voice phishing. Utilizing a real-time Fraud Detection System (FDS) and police collaboration, Dunamu, Upbit’s operator, blocked fraudulent transactions and recovered stolen funds. This milestone demonstrates the exchange’s commitment to protecting user assets amid rising crypto scams. Read the full article here
Ethereum (ETH) spot exchange-traded funds (ETFs) have witnessed a significant outflow of $163 million this week. This comes as the bullish sentiment trailing the leading altcoin begins to wane, making it a struggle for the coin’s price to break through the $3,400 resistance level. As ETH’s price faces bearish pressure, it may begin to shed more of its gains in the coming weeks. This analysis explains why. Ethereum Buying Pressure Faces Dip According to data from SosoValue, Ethereum ETF outflows this week have totaled $163 million. This represents the third-highest weekly net outflows since these funds became tradeable on July…
Russia’s foreign trade is defying Western sanctions, with rising imports, resilient transaction systems, and projected economic growth outpacing stagnating Western economies. Western Sanctions Meet Resistance as Russia’s Trade Surges Russian Finance Minister Anton Siluanov has claimed that Western sanctions will not hinder Russia’s foreign trade. Speaking in an interview with Nailya Asker-Zade on the Rossiya-24 […] Read the full article here
It has been just over two weeks since it became known that the self-proclaimed ‘pro-crypto’ candidate, Donald Trump, will be the next president of the US. The news was received with open arms by crypto investors as prices of all major assets skyrocketed to local or all-time peaks. Expectedly, bitcoin was and still is at the forefront of gains. The asset stood below $70,000 before the elections, amid reports that this could be the last time it trades at that level, but went on a rampant run in the following weeks. Earlier today, the cryptocurrency tapped $99,500, which meant that…
Bitcoin has shattered expectations once again, surging past the critical $93,257 level in a display of unstoppable momentum. This breakout has ignited fresh waves of bullish optimism across the crypto market, as traders and investors anticipate greater gains. With market sentiment shifting and key indicators aligning, could this be the spark for Bitcoin’s next major rally? As optimism steadily increases in the market, the goal is to take a closer look at BTC’s impressive breakout above the $93,257 mark, analyze the positive sentiment driving its climb, and assess the potential for continued upward strength in the market. Bullish Indicators: What’s…
Hex Trust has announced its integration with The Open Network (TON) to mark a significant milestone in the Web3 ecosystem. Through this strategic collaboration, both FinTech firms aim to support and revolutionize decentralized finance (DeFi), custody, and staking. Hex Trust is a fully licensed digital asset custodian while The Open Network (TON) is a scalable, socially integrated blockchain. Hex Trust is one of the first custodians to offer access to the complete TON stack. It now provides custody and staking for TON, support for Jettons custody, and seamless connectivity to TON DeFi via TON Connect. This partnership underscores Hex Trust’s…