Day: December 26, 2024

Ethereum Total Value Locked Reaches Highest Level Since 2022 After Crossing $90 Billion, Will Price Follow?

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Este artículo también está disponible en español. Ethereum, the second-largest cryptocurrency after Bitcoin, has reached a significant milestone after its Total Value Locked (TVL) surpassed $90 billion this month. This massive surge marks the highest TVL Ethereum has recorded since April 2022, igniting discussions about the likelihood of a huge price rally in the coming months.  Ethereum TVL Hits New Milestone With $90 Billion Growth Data from DeFi TVL aggregator DefiLlama reveals that Ethereum’s TVL has surged past $90 billion, reaching its highest level since April 2022. This unexpected resurgence…

Binance endorses Thai ex-PM’s proposal for a pilot Bitcoin project

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The chief executive of Binance’s Thai arm has encouraged the Bank of Thailand to consider former prime minister Thaksin Shinawatra’s proposal for a pilot Bitcoin payment project so the nation does not get left behind. According to the Bangkok Post, Thailand is working towards making the ex-Prime Minister’s suggestion for a Bitcoin (BTC) payment pilot project a reality. Binance’s Thai arm will reportedly support the pilot project that aims to establish Phuket as a Bitcoin sandbox for tourism. “Given our country’s reliance on tourism and foreign inflows, integrating cryptocurrencies into…

Do Kwon Extradition: Montenegro Court Upholds Ruling, US or South Korea Awaits

A Montenegrin court upheld the extradition of Do Kwon, founder of Terra Labs. The U.S. and South Korea both requested extradition, and a Montenegro minister will decide which country gets him. Montenegro Minister to Decide Do Kwon’s Next Destination The Montenegrin Constitutional Court unanimously dismissed jailed Terra Labs founder Do Kwon’s appeal against his extradition. […] Source CryptoX Portal

Japan’s Stance on Bitcoin Reserves: A Clear Rejection

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The government of Japan has officially responded to Senator Hamada, stating that it has no intention of adopting Bitcoin as part of its foreign exchange reserves due to a lack of understanding and concerns about volatility. As reported by a Japanese media outlet, the government of Japan, on Dec. 20, released its official answer to several queries Senator Satoshi Hamada put forward concerning the adoption of Bitcoin (BTC) as part of Japan’s foreign exchange reserves. Under the name of Prime Minister Ishiba Shigeru, the statement explained that, at present, Japan…

Japan’s DMM Bitcoin Exchange Will Transfer Customer Assets to SBI VC Trade by March 2025

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CIS Nations Ditch Foreign Currencies—85% of Trade Now in Local Tenders

Over 85% of Commonwealth of Independent States (CIS) trade now bypasses foreign currencies, signaling a strategic shift towards economic independence as national payment systems take center stage in regional commerce. Putin Champions National Currencies—CIS Bloc Hits 85% in Local Trade At the Commonwealth of Independent States (CIS) summit in the Leningrad Region this week, Russian […] Source CryptoX Portal

Cardano (ADA) Struggles to Hold Ground: Another Drop Incoming?

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Cardano price started a downside correction below the $1.00 zone. ADA is consolidating and facing hurdles near the $0.920 and $0.950 levels. ADA price started a downward move below the $1.00 support zone. The price is trading below $0.950 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.92 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.950 resistance zone. Cardano Price Starts Fresh Decline After struggling to…

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

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Russia is embracing bitcoin for international trade to bypass Western sanctions, signaling a strategic shift toward digital currencies to counter economic isolation and strengthen global partnerships. Russian Trade Goes Crypto – How Bitcoin Is Reshaping Global Power Dynamics Russia’s finance minister, Anton Siluanov, disclosed that Russian companies are utilizing bitcoin and other digital currencies for […] Original