Day: January 30, 2025

South Korean P2P CEO accused of using client funds to buy crypto

The CEO of a major South Korean P2P lender has been accused of using funds for a construction project to make personal crypto purchases. According to a report by local media outlet NBN Media, an unnamed investor and private equity fund operator has been investing money into the P2P financial lender’s construction project since 2018. Although the report did not identify the name of the CEO or revealed the company he works at, it was noted that the investment project advertised on the company platform was for a low-rise, residential…

Nigerian Fintech Moniepoint Secures Over $10m Investment From Visa, Eyes Expansion in Africa

Visa has invested over $10 million in African fintech Moniepoint, joining its Series C funding round, which now exceeds $120 million. Moniepoint provides banking, credit, and payment services to businesses and individuals in Africa. The investment aims to drive financial inclusion and support SME growth across the continent. Moniepoint processes over 1 billion transactions monthly, […] Source CryptoX Portal

No More Bitcoin Bear Markets? Fund CIO Explores New Reality

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Este artículo también está disponible en español. In a new investor note published on January 29, 2025, Matt Hougan, Chief Investment Officer at Bitwise, questioned whether the historical four-year market cycle of Bitcoin could finally be coming to an end. His reasoning is rooted in seismic shifts in US policy toward crypto, highlighted by a recent executive order from President Trump aimed at solidifying the nation’s leadership in digital assets. Could 2026 Buck The Bitcoin Bear Trend? Hougan’s note begins with an explanation of the so-called “four-year cycle,” where Bitcoin…

El Salvador amends Bitcoin policies to secure $1.4b IMF Deal

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El Salvador has amended its Bitcoin regulations as a part of a deal with the International Monetary Fund. According to Reuters, El Salvador Congress has approved the reforms within minutes of receiving them from President Nayib Bukele, aligning the country’s Bitcoin policies with the terms of its $1.4 billion loan agreement with the IMF. El Salvador, once locked out of traditional financial markets due to its high debt and unconventional Bitcoin experiment, had little choice but to seek a lifeline. With soaring bond yields and limited access to fresh capital,…

Bitcoin ETF inflows remain weak amid Fed’s decision

Inflows into U.S. spot Bitcoin ETFs remain weak for the second consecutive day as the Federal Open Market Committee’s decision yesterday to keep interest rates unchanged weighs on investor sentiment. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $92.09 million in inflows on Jan. 29, continuing the weak inflow trend for the second consecutive day. The majority of inflows seen on the day came from Grayscale’s mini Bitcoin Trust which drew in $106.23 million followed by Fidelity’s FBTC with $18.2 million in inflows. Meanwhile, BlackRock’s IBIT, which…

Dogecoin (DOGE) Signals New Upside Move: Can Bulls Take Charge?

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Dogecoin found support at $0.3050 and recovered some losses against the US Dollar. DOGE is now rising and might aim for more gains above $0.350. DOGE price started a decent increase above the $0.315 and $0.320 levels. The price is trading near the $0.3320 level and the 100-hourly simple moving average. There was a break above a major bearish trend line with resistance at $0.330 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.340 and $0.3480…

Forbes Ranks Best Crypto Exchanges for 2025: CME Group, Coinbase Lead the List

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According to Forbes’ research of retail crypto traders, asset safety remained the most critical feature that exchange users want. Crypto Users Have Crossed the 500 Million Mark Globally Forbes has released its third annual “Best Crypto Exchange” ranking, evaluating over 200 firms based on security, trading volume, fees, and regulatory compliance. Topping the list is […] Source

Illinois leads the U.S. in creating first Bitcoin Reserve

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Illinois may soon become the first U.S. state to hold Bitcoin in its fiscal reserves if lawmakers approve the Strategic Bitcoin Reserve proposal referred to Rules Committee by John Cabello. On Jan. 29, the Bitcoin Strategic Bill was referred to the Rules Committee to establish regulations and fast-track its approval process. Illinois State Rep. John Cabello introduced the bill to set the groundwork for Bitcoin (BTC) to become the new strategic asset of Illinois.  Bitcoin Reserve bill for Illinois Under the new legislation, the Illinois State Treasurer would manage the fund and…

XRP Price Bulls Stay In Control: Uptrend Poised to Continue

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Price Struggles Against Resistance: A Tough Road Ahead

Este artículo también está disponible en español. Ethereum price struggled to continue higher above $3,220. ETH is now consolidating losses and might face resistance near the $3,220 zone. Ethereum started a fresh decline below the $3,120 zone. The price is trading below $3,180 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,200 level. Ethereum Price Faces Resistance Ethereum price…