Day: February 8, 2025

Brazil’s $90B Crypto Inflows to Create Meme Coin Hype for Altcoin like Best Wallet Token

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Gabriel Galipolo, Brazil’s Central Bank chief, said in a recent event that the use of crypto has surged in the country during the last two or three years. Interestingly, 90% of the country’s crypto volume is linked to stablecoins. Galipolo also expressed concerns regarding taxation and money laundering that come with the excessive use of crypto. Stablecoins are tied to real-world assets such as fiat currencies or commodities and hence are less volatile than altcoins. They act as a like-to-like alternative to paper currencies and have allowed businesses to make…

Tron Social Dominance Climbs As USDT Balance Nears ATH

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The remarkable change the TRON blockchain is going through confirms its strong presence in the cryptocurrency scene. Driven mostly by stablecoin transactions and a growing memecoin industry, recent data exposes a solid increase in network activity. Retail and institutional investors have drawn interest in the platform’s development from a basic blockchain to a multifaceted digital habitat. Network’s Stablecoin Circulation Soars To Historic Highs Handling an impressive 60% of all transfers across blockchains, TRON has become the chosen avenue for USDT transactions. Although Ethereum still accounts for 47% of the entire…

Next Big Crypto to Invest In as Missouri and Kentucky Join the Bitcoin Reserve Race

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Missouri Representative Ben Keathley has introduced a new bill, proposing the creation of a Bitcoin Strategic Reserve Fund. The said fund would be placed under the control of the Missouri state treasurer, who’d be granted the power to purchase, invest, and hold $BTC using the state’s money. Missouri’s plan is to diversify the state’s investment portfolio. In addition to accepting gifts and donations, as well as taxes (including fees and fines), in crypto, Keathley also wants Missouri to follow a HODL strategy for $BTC. Another US state to have taken…

Crypto Market Top Near? Here’s Why There’s ‘Some Runway Left’

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Este artículo también está disponible en español. After the recent crypto market corrections, some investor’s and market watchers’ bullish sentiment appears to have decreased, with many claiming the top is in. However, other analysts point out that several indicators don’t signal a cycle peak yet, suggesting that the bull still has some gas in its tank. Related Reading Crypto Market Capitalization Retests Key Level The crypto market has recently suffered continuous corrections that have halted the momentum from the post-US election. During the November-December rally, the industry achieved many milestones,…

a surge to $166k possible

Bitcoin price remained under pressure this week as trade concerns remained, but two rare patterns point to an eventual rebound. Bitcoin (BTC) wavered, while the crypto fear and greed index slipped to the fear zone of 35 this week. Most of this weakness was because of the ongoing fear of a trade war between the United States and its top partners. The US has already started levying tariffs on Chinese goods, which may affect trade volume worth over $450 billion. While Canadian and Mexican tariffs have been paused, there are…

Here’s why Russia’s investigating committee seeks regulating Bitcoin as property

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Russia’s main federal investigating authority is proposing new legislation for Bitcoin that could potentially criminalize its transfer through third parties. Russia’s Investigative Committee has put forward a proposal that could potentially affect the country’s cryptocurrency market. In early February, the agency’s Chairman Alexander Bastrykin announced during an extended board meeting that the committee had proposed to legally recognize cryptocurrency as property, Russian news outlet Interfax reports. He also suggested criminal liability for transferring electronic payment instruments to third parties. Russian legal experts interviewed by crypto.news divided on whether cryptocurrency falls…

Could Fear Fuel Bitcoin’s Comeback? Analyst Spots a Surprising Pattern

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Bitcoin price in recent days seems to have dimmed investor’s confidence in the asset for now with the community seeing less buzz as BTC sees fewer green days.  Regardless of this, some analysts are still eager to analyze BTC and its major metric to at least get a perspective on if there’s hope around the corner. An instance is a CryptoQuant analyst known under the pseudonym ‘Avocado Onchain’ who recently shared an insight on BTC focusing on Binance funding rates. Funding rates, which represent the cost of holding long or…

Bitcoin Taps $100,000 But Fails To Hold Amid Mixed US Jobs Report

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Este artículo también está disponible en español. The US Bureau of Labour Statistics released the January 2025 employment data earlier today, briefly pushing Bitcoin (BTC) to $100,000 before it lost all its gains and tumbled back to the $98,000 price level.  Bitcoin Rises And Falls Amid Mixed Employment Data Bitcoin spiked from approximately $97,200 to a high of $100,110 after the US reported lower-than-expected job growth for January. According to the data, the US added 143,000 jobs last month, falling short of the projected 170,000. For comparison, December 2024 saw…

CFTC’s Crypto CEO Forum Aims to Shape Future of Digital Asset Markets With Pilot Launch

The Commodity Futures Trading Commission (CFTC) which regulates the U.S. derivatives market said it will hold a CEO Forum with leaders from Coinbase, Ripple, Circle, Crypto.com, and Moonpay to evaluate a digital asset markets pilot program. The announcement was made on Friday and the purpose of the program will be to establish regulatory clarity around […] Source CryptoX Portal