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Депутат Европарламента Сара Кнафо призвала законодателей ЕС к созданию резерва в биткоинах

bits.media/ - Wed, 12/18/2024 - 09:47
Депутат Европарламента Сара Кнафо выступила с критикой плана Европейского центрального банка (ЕЦБ) по запуску цифрового евро и призвала законодателей Евросоюза к созданию резерва в биткоинах.

Полиция Аргентины будет «патрулировать» киберпространство для выявления криптопреступников

bits.media/ - Wed, 12/18/2024 - 09:23
Министерство безопасности Аргентины добавило преступления с криптовалютой в список поднадзорных полиции видов деятельности и обязало правоохранительные органы страны обеспечить их контроль и профилактику.

Just 104 Ethereum Whales Control 57% Of All Supply, Data Reveals

bitcoinist.com - Wed, 12/18/2024 - 08:30

On-chain data shows the most massive Ethereum whales control most of the supply, with their holdings only continuing to grow.

Ethereum Mega Whales Own More Than 57% Of All Tokens In Existence

In a new post on X, the on-chain analytics firm Santiment has discussed how the ETH supply held by the different segments of the user base has looked recently.

The indicator of relevance here is the “Supply Distribution,” which keeps track of the percentage of the Ethereum circulating supply that a given wallet group is holding right now.

Addresses or investors are divided into these cohorts based on the number of coins they carry in their balance. For instance, the 1 to 10 coins group includes all wallets owning between 1 and 10 ETH.

In the context of the current topic, three broad ranges containing multiple cohorts are of interest: 0 to 100 coins, 100 to 100,000 coins, and 100,000+ coins. The first includes the market’s small hands, like the retail investors.

These holders don’t have holdings that amount to much in the grand scheme of things, so they individually don’t hold any importance in the market. In the second cohort, the 100 to 100,000 coins one, the wallets start becoming a bit large, but only toward the end of the range.

The range includes two of the key investor groups in the sector, the sharks and whales. The whales are significantly more massive than the sharks, so they are the cohort carrying the more importance in the market.

Finally, the largest addresses on the network hold more than 100,000 ETH. At the current price, this amount nears $400 million, so the investors in this group would be quite massive indeed. An appropriate name for them would perhaps be “mega whales.”

Now, here is the chart shared by the analytics firm that shows the trend in the Supply Distribution for these three Ethereum wallet ranges over the past decade:

As displayed in the above graph, the percentage of the Ethereum supply held by the mega whales has risen over the past couple of years. At the same time, both smaller wallet ranges have lost dominance, with the sharks and whales in particular witnessing a rather steep drop.

The mega whales, consisting of only 104 members, today own 57.35% of the ETH supply, a new all-time high. Meanwhile, the holdings of the sharks and whales sit at an all-time low of 33.46%.

Generally, the centralization of supply isn’t positive for any cryptocurrency. Still, it matters especially for Ethereum as the network runs on a consensus mechanism based on the Proof-of-Stake (PoS). This means that if an entity or a group of entities controls 51% of the supply, they can take over the network.

That said, many mega whales would not be ‘real’ investors but wallets belonging to staking pools and other platforms, who merely hold the coins in one place on behalf of many investors.

ETH Price

Ethereum has seen a pullback during the past day, as its price is now $3,930.

Crypto Gains Before 2022 Fall Under Capital Gains Tax, India Tax Regulator Confirms

bitcoinist.com - Wed, 12/18/2024 - 05:30

The Income Tax Appellate Tribunal (ITAT) in Jodhpur, India, has today clarified the taxation of crypto transactions conducted before the financial year (FY) 2022-2023. According to the ruling, profits from all such transactions will be treated as capital gains.

ITAT Gives Clarity On Pre-2022 Crypto Taxation

In what is considered a landmark ruling for India’s digital assets ecosystem, the ITAT declared that cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others, were capital assets before April 1, 2022. Consequently, any profits earned from their sale during that period should be categorized as capital gains rather than income from other sources.

For the uninitiated, India’s current virtual assets taxation framework came into effect on April 1, 2022, as part of Virtual Digital Assets (VDA) regulations. These rules impose a flat 30% tax rate on all crypto gains without allowing taxpayers to offset losses against gains. Additionally, a 1% tax deductible at source (TDS) is levied on every crypto transaction.

However, ITAT’s decision offers some relief to early Indian cryptocurrency adopters, as they will be subject to a lower tax rate than the flat 30% rate imposed under the current framework. Specifically, before April 1, 2022, short-term capital gains were taxed at 15%, while long-term capital gains were taxed at 10%.

The ITAT’s decision came while hearing a case involving an individual who had purchased BTC worth $6,478 in FY 2015-16 and sold it for $78,803 in FY 2020-21. The individual argued that the proceeds from the sale should be taxed as long-term capital gains since the asset was held for more than three years. However, the assessing tax officer disagreed, contending that digital assets assets, lacking intrinsic value, could not be classified as property.

In contrast, the ITAT dismissed the tax officer’s argument, stating that under Section 2(14) of the Income Tax Act, cryptocurrency qualifies as property. The tribunal clarified that “property of any kind held by an assessee,” including a right or claim over an asset, satisfies the definition of a capital asset.

India’s Regulatory Gap In Digital Assets

Despite boasting the highest crypto adoption rate globally, India continues to lag in creating a supportive regulatory framework for digital assets. As a result, numerous virtual assets businesses have relocated their headquarters to more crypto-friendly jurisdictions such as the UAE or Singapore.

India’s high tax regime – 30% on gains and 1% TDS on transactions – has been a frequent target of criticism. Last year, the former CEO of WazirX digital assets exchange predicted that the current tax structure would remain in place for at least two more years before any significant revisions.

The Indian government is considering consultations with industry experts to shape a balanced regulatory framework for cryptocurrencies. BTC is trading at $108,248 at press time, up 2.5% in the past 24 hours.

Strategic Bitcoin Reserve Proposed By French MEP To Bolster EU

bitcoinist.com - Wed, 12/18/2024 - 02:30

French Member of the European Parliament (MEP) Sarah Knafo delivered a high-profile address, urging the European Union (EU) to adopt a “Strategic Bitcoin Reserve” as part of a broader effort to promote financial autonomy and combat inflationary pressures.

A French magistrate and member of the Cour des Comptes, Knafo’s background includes public service and political advising, most notably for right-wing Jewish presidential candidate Éric Zemmour. Knafo’s public role has steadily risen since her election to the European Parliament in 2024.

Why The EU Needs A Strategic Bitcoin Reserve

In her speech on the Parliament floor, Knafo drew upon global examples—citing El Salvador’s early adoption of Bitcoin and political figures such as former US President Donald Trump and Federal Reserve Chairman Jerome Powell—to underscore a rising wave of institutional acceptance. She asserted that the EU’s current financial strategies put member states at a disadvantage within what she characterized as a rapidly evolving monetary landscape.

“Already 3 years ago, on the other side of the Atlantic, the president of El Salvador decided to invest for his country in crypto-currencies,” said Knafo, referencing El Salvador’s 2021 legal tender law. “At the time, he was reviled by the political class and the IMF. Today, he’s up 100%.”

Emphasizing a perceived missed opportunity for EU nations, Knafo argued that El Salvador’s move has yielded significant capital gains—resources that, she said, the country has used to bolster both “the security and sovereignty of his country.” Turning to the United States, she acknowledged that “Donald Trump will establish a strategic Bitcoin reserve for the United States.”.

Knafo also invoked the public stance of Federal Reserve Chairman Jerome Powell, stating that “Jerome Powell […] is now talking about it as ‘digital gold.’” She positioned these developments as signs that other major economies are adapting to decentralized finance, while “the European Union […] continues to accumulate tragically inflationary deficits,” with existing regulatory measures that she criticized as overly restrictive.

“We don’t want this dystopian world,” Knafo warned, referencing the European Central Bank’s work on a digital euro. “Where tomorrow a European bureaucrat will be able to prohibit us from certain transactions and even eliminate us from the banking system at the click of a button for something we say on social networks.”

Throughout her address, Knafo appealed for a wholesale shift in EU financial policy: “It’s time to say no to the totalitarian temptations of the European Central Bank, which wants to impose a digital euro entirely in its own hands […] It’s time to bet on freedom.”

She went on to advocate for a flourishing Bitcoin mining sector in the EU, suggesting that France’s nuclear energy infrastructure could supply a competitive edge. “We, the French, hold the cards with our nuclear trump card,” she said, framing domestic power generation as an untapped enabler of large-scale mining operations.

Knafo also addressed the need to adjust current taxation policies, urging lawmakers to “stop taxing cryptocurrency holders” and stressing that crypto-asset holders took personal risks to generate their wealth. She characterized existing government deficits as directly fueling inflation and economic instability: “Government deficits that drive money creation […] create inflation, that lead to chaos […] Let them protect themselves from the insane spiral you’ve created.”

At press time, Bitcoin traded at $106,947.

Dogecoin Price Could Be In Serious Trouble If The $0.394 Support Fails To Hold

bitcoinist.com - Wed, 12/18/2024 - 01:00

The Dogecoin price is now at a decisive junction as it hovers near a support level that could determine its short-term direction. A recent analysis on TradingView highlights the importance of the $0.394 support, with outcomes pointing toward both bullish and bearish scenarios depending on price movement at this support level.

Dogecoin’s Key Support Zone Faces Growing Pressure

The Dogecoin price action in the past seven days has been highlighted by a perambulation around $0.40, which is a key psychological threshold for the meme coin. The balance between buying and selling pressure appears tight, leading to a consolidation move that could break in any direction. 

According to technical analysis of the 4-hour candlestick Dogecoin price chart on the TradingView platform, the meme coin could test $0.394 in the next few hours, and a decisive move here could lead to a rebound upwards or a further break to the downside.

In the first scenario, a short-lived dip toward $0.394 followed by a bounce would suggest that the bullish strength surrounding the Dogecoin price remains intact. From there, we could see Dogecoin retesting $0.432. A decisive break above $0.432 in one quick move would provide the much-needed momentum to break above its current 2024 high of $0.485. 

As such, the technical analysis projected that, in this case, the next resistance to watch lies at $0.485. A breach of this resistance may even allow Dogecoin bulls to target higher price levels beyond $0.50 and probably into new all-time highs.

On the other hand, the analysis warns of risks if Dogecoin fails to hold above $0.394. Bearish sentiment could dominate should buyers fail to regain control at $0.394. In this scenario, the next key support to monitor is $0.374. Failure to stabilize here could accelerate bearish momentum and push the Dogecoin price towards notable support at $0.342.

Dogecoin Price Leaning Towards Bullish Momentum

Although technical analysis suggests that the Dogecoin price could go either way, current market sentiment pushes the cryptocurrency more toward the bullish end. Particularly, trading volume, resistance, and technical indicators point to another breakout. This sentiment builds upon the anticipation of the Dogecoin price to break multiple resistance levels in the coming weeks and months.

One such technical indicator is the Gaussian Channel, which suggests that the Dogecoin price is on track to reach at least $2.5 this cycle. Notably, $2 has been a recurring price target this cycle, with many analysts projecting a confirmed break above it by 2025.

At the time of writing, Dogecoin is still trading at the $0.4 support level, although currently up by a meagre 0.53% in the past 24 hours.

Cardano Poised To Rule The Crypto Sphere — Charles Hoskinson

bitcoinist.com - Tue, 12/17/2024 - 23:30

For Charles Hoskinson, Cardano is primed to transform the blockchain and lead the decentralized revolution. In a recent Twitter/X post, Hoskinson shared his campaign to make Cardano accessible to its users and token holders. He says governance must include everyone, and Cardano is on track to lead the change.

According to Hoskinson, Cardano only needs to hurdle two more milestones: a community-ratified constitution and approval of the budget system, before it can lead and redefine blockchain governance.

Blockchain Governance Should Involve Everyone

Governance in the blockchain is a hot-button issue in the crypto sector. For Hoskinson, the road to inclusion and participation in the blockchain could be smoother and easier. The Cardano founder admits taking the campaign personally and added that he’ll never apologize for his passion for improving governance.

Welcome to governance everyone, it’s messy and tough, but it’s the only way to include everyone. For the last decade, I’ve tried to do everything in my power to ensure that Cardano is run by the millions who use it and own ada.

We are at a very critical inflection point where…

— Charles Hoskinson (@IOHK_Charles) December 16, 2024

Hoskinson admitted that Cardano’s roadmap has been challenging, but with recent developments, he predicts that the blockchain can achieve complete decentralization in 2025. When it happens, according to Hoskinson, it will dominate the blockchains.

Cardano Gets Major Upgrade With Chang Hard Fork

Last September 1st, Cardano introduced its Chang Hard Fork, a two-part system upgrade that aims to boost functionality and decentralized governance. The first part of the upgrade was launched early this year, increasing the network performance by burning genesis keys and assigning voting power to its Constitutional Committee. Also, the latest roll-out of new improvements on the network, like the Plutus v3, enhanced the blockchain’s innovative contract features.

The Constitutional Committee now has voting powers and is just a temporary addition to the system. Once the constitution has been ratified, the committee will be abolished. From hereon, the governance of the Cardano blockchain is in the hands of ADA token holders. The launch of this new upgrade represents a significant milestone, allowing it to come closer to the ultimate objective of complete decentralization.

ADA’s Price Remains Volatile

While Hoskinson remains passionate about Cardano’s future, its native token’s price performance has been underwhelming. As of this writing, ADA is trading at $1.10, up just 2.7% from the previous day’s close.

Although the token’s price performance has slowed, investor sentiment on the blockchain and its token remains high. For example, ADA scores 74 on The Fear & greed Index. Over the last 30 days, ADA price has been up over 50%, reflecting its stability while other assets struggled.

Market commentators suggest that ADA will continue its erratic price action, with prices to move anywhere between $0.934 and $1.10.

Featured image from Forbes, chart from TradingView

Crypto Analyst Predicts XRP Price Will Be $5 By January, Reveals When Price Will Cross $10

bitcoinist.com - Tue, 12/17/2024 - 20:30

Recent price action in the overall crypto market has seen the XRP price reversing into bullish momentum in the past 24 hours. Notably, buying trends and mentions on social media show that the bullish sentiment has never departed from XRP, even during its price rejection at the $2.9 level earlier this month.

Interestingly, crypto analyst Cryptoinsightuk recently revealed a timeline for bullish XRP price levels, with the first being a $5 target in the next two weeks or so.

XRP Price To Reach $5 In January, $10 To Follow Shortly After

Sharing his thoughts on the social media platform X, Cryptoinsightsuk stated that XRP could hit $5 between now and the end of 2024 and reach double digits between January and March 2025. With December already in the middle of the month, what this means is that the analyst is predicting a remarkable XRP surge that would send it surging into new price territories in the next two to three weeks. 

At the time of writing, XRP is trading at around $2.5, meaning it has to double in value and increase by 100% for this prediction to come to fruition. Interestingly, this projected 100% increase is small compared to what the XRP price has done in the past two months. A prime example of this is the November surge, which saw the XRP price surging by over 285% to end the month at $1.93. However, it is important to keep in mind that the amount of inflow needed for a run to $5 at the current price would make the projected 100% increase more significant.

Reaching the $5 price level would translate into new all-time highs for the XRP price, as its current all-time high is $3.4. However, Cryptoinsightuk’s bullish prediction doesn’t stop at $5 by year-end. The analyst outlined his expectation that the XRP price could cross into double-digit territory between January and March next year. This would see XRP price trading above $10, which would mark a substantial milestone for the cryptocurrency.

Poll Results Show Strong Bullish Sentiment For XRP

Cryptoinsightuk’s prediction followed a recent poll he conducted, where he asked followers to vote on their expectations for XRP’s price on Christmas day. The poll provided four price ranges: less than $2, between $2 and $3.30, between $3.30 and $5, and greater than $5. The outcome revealed a close contest among higher price ranges, but the results ultimately demonstrated the community’s bullish outlook for XRP.

The bearish camp, which predicted XRP under $2, accounted for only 8.3% of the votes. Meanwhile, a significant portion of respondents shared a more optimistic stance. About 35.9% of participants placed their bets on XRP trading between $2 and $3.30, while 30.2% expected a range of $3.30 to $5. Notably, 25.6% of voters believed XRP could surpass the $5 mark, reflecting strong confidence in a substantial rally. 

Although the $2 and $3.30 range had the highest votes, the results make it clear that most crypto participants see significant upward momentum for XRP in the near future.

At the time of writing, XRP is trading at $2.42 and is up by 4.4% and 14.5% in the past 24 hours and seven days, respectively.

5 Promising New Altcoins You Can’t Ignore

bitcoinist.com - Tue, 12/17/2024 - 19:23

While 2024 may be winding down to a close, there’s nothing sluggish about the crypto market at the moment. And it’s not only the OGs that are taking all the glory. Here’s our take on five new attention-grabbing altcoins investors are flocking to.

  1. Wall Street Pepe ($WEPE) – On track to be the top altcoin presale of the year
  2. Solaxy ($SOLX) – Redefining Solana for the better
  3. Sui ($SUI) – Great forecast thanks to a strong performance
  4. Best Wallet Token ($BEST) – Giving crypto wallet users complete control
  5. Virtuals Protocol ($VIRTUAL) – Simplifying AI with tokenization capabilities
Wall Street Pepe ($WEPE) – On Track To Be The Top Altcoin Presale Of The Year

The Wall Street Pepe presale is currently on, and it’s been highly exciting to watch. $WEPE has already raised more than $27.8M.

Wall Street Pepe – the newest Pepe – is on a mission to take down the whales trading in insider groups by building a powerful frog army of regular retail investors. The army’s secret weapon in becoming whales in their own right is expert tips and insights from Wall Street Pepe himself.

And that army is growing in froggy leaps and bounds. Consider this: on December 13, the presale raised $15M. By this time yesterday (December 16), that number skyrocketed to $25M. And today, investors added another $2.8M to the kitty.

Could the immense investor confidence in $WEPE be linked to Pepe Unchained’s ($PEPU) phenomenal success since listing? Will $WEPE become the new $PEPU? Only time will tell.

$WEPE has raised almost $30M, with its current price of $0.0003647 set to increase in less than 23 hours. If you’re considering joining Wall Street Pepe’s frog army at a great price, you’d best hop to it.

Solaxy ($SOLX) – Redefining Solana For The Better

Since going live just two days ago, the Solaxy presale has already raised $659K. That’s on par with $WEPE’s first 48 hours of presale. Could $SOLX be headed in the same direction?

Solaxy is Solana’s first-ever Layer-2 solution, which in itself is promising. Some 30% of the total supply of 138,046B tokens has been allocated to the ecosystem’s development.

Building on Solana’s strengths, Solaxy promises higher speeds, more scalability, and less congestion and failed transactions – great news for meme coin traders.

Currently, 1 $SOLX goes for $0.00156, with 2788% staking rewards a definite drawcard for early investment. To sweeten the deal, this multi-chain token will be on the almighty Ethereum and Solana blockchains.

Sui ($SUI) – Great Forecast Thanks To A Strong Performance

Early investors who snatched up $SUI for $0.10 in the early presale days will no doubt be all smiles. $SUI is currently trading at $4.83, representing a 48x return since this altcoin’s listing in mid-2023. SUI’s $13.91B market cap is nothing to sneeze at, either.

Yesterday, the blockchain’s native token, $SUI, hit an all-time high (ATH) of $4.91. It’s since seen a pullback but remains strong – a solid indicator of investor confidence.

Sui’s blockchain is a next-generation Web3 platform that prioritizes security, speed, and scale. It’s especially geared towards gaming development and DeFi projects.

Sui has also partnered with the likes of Phantom Wallet and Backpack, which will see both companies adding $SUI to the blockchains they support. These are just some reasons a bullish market could see $SUI reaching $7.60 in the new year.

Best Wallet Token ($BEST) – Giving Crypto Wallet Users Full Control

Speaking of crypto wallets, Best Wallet also has a native token in presale. Best Wallet is unique in that it’s a fully non-custodial, mobile-only app. This means saying sayonara to wallets managed by centralized exchanges and companies. You have full control.

Best Wallet is upping the ante by introducing advanced features such as a presale aggregator, enhanced decentralized wallet recovery, higher staking awards, and even lower transaction fees. And it intends to power these improved features through its native token, $BEST.

Right now, 1 $BEST costs $0.023225, but a price increase is due within the next 24 hours. Tick tock…

Virtuals Protocol ($VIRTUAL) – Simplifying AI With Tokenization Capabilities

$VIRTUAL has seen a 61.40% price increase in the past seven days. Pretty impressive, no? And yesterday, it recorded an ATH of $3.30. There’s since been a pullback to around $2.70, but we believe there are more good things to come.

$VIRTUAL – with a circulating supply of 1B – is the native token of the AI agent generator platform Virtuals Protocol. If you’re wondering what AI agents are, think Alexa, Siri, ChatGPT, and the like. These are systems and programs designed to understand and interact with their environment and carry out specific tasks based on a request.

This DeFi platform enables users to create and deploy AI agents on the blockchain, allowing them to monetize their AI projects by implementing tokenization with revenue-sharing capabilities.

The beauty of Virtuals Protocol is that you don’t need to be a rocket scientist or have a degree in coding to create an AI agent. The platform makes it simple. And with a current market capitalization of $2.71B, that AI-agent generation space is on track to become even more advanced. Exciting stuff if you’re a $VIRTUAL holder.

In Conclusion

Right now, the presale space is on fire, with the likes of Wall Street Pepe and Solaxy gearing up for record-breaking finishes. FOMO will no doubt push them further along. Meanwhile, $SUI and $VIRTUAL are going from strength to strength, proving their mettle among this year’s most promising altcoins.

It’s an exciting time to invest in crypto. If you decide to invest in any of the altcoins on this list, bear the DYOR principle in mind. Knowledge is power; be sure to do your homework. And if the presale altcoins have caught your attention, do that homework quickly. We expect their prices to skyrocket once they are listed.

MicroStrategy Only Goes Bankrupt If This Happens, Says CryptoQuant CEO

bitcoinist.com - Tue, 12/17/2024 - 19:00

In a statement on X, Ki Young Ju, CEO of CryptoQuant, a leading on-chain analytics firm, provided a stark assessment of MicroStrategy’s financial health in relation to its Bitcoin investments.

Can MicroStrategy Go Bankrupt?

Ju stated, “MicroStrategy only goes bankrupt if an asteroid hits Earth. For 15 years, Bitcoin has never dropped below the cost basis of long-term whales, which currently stands at $30K. MSTR debt is $7B and its BTC holdings are worth $46B. Based on BTC alone, the liq price is $16.5K.” He further simplified his analysis by urging, “I know calculating the liquidation price seems pointless at this point, but man, just try to keep it simple”.

This bullish perspective on MicroStrategy’s solvency comes amid contrasting views, particularly from notable Bitcoin critic Peter Schiff, who in an interview expressed a dire outlook: “I mean, ultimately, I think MicroStrategy goes bankrupt. I think eventually the Bitcoin is going to crash and the creditors are going to end up with the company. I mean, that’s what I think is going to happen at the end of the day”.

MicroStrategy’s recent financial moves and market performance have been significant. Last week, the company was added to the prestigious Nasdaq-100 index, which could potentially attract more investment and enhance its market credibility.

Following the inclusion, MicroStrategy announced on December 16, 2024, that it had further expanded its Bitcoin reserves by purchasing an additional 15,350 BTC at approximately $100,386 per Bitcoin, bringing its total holdings to 439,000 BTC. All Bitcoins were acquired for about $27.1 billion at an average price of $61,725 per BTC.

At the end of October, the company announced an aggressive Bitcoin acquisition strategy, named the “21/21 plan,” which involves raising $21 billion through equity and fixed-income securities specifically to increase its Bitcoin reserves. Since the announcement of this plan, MicroStrategy has been consistently buying Bitcoin on a weekly basis.

Charles Edwards, CEO of Capriole Investments, commented on the potential acceleration of this strategy, noting, “We are about to see a big jump in Saylor’s Bitcoin buying. Being NASDAQ 100 listed gives tons of credence for cap raising. My guess: MSTR 21/21 plan complete within 3 months”.

The inclusion in the Nasdaq-100 index might also fuel a positive feedback loop for both MicroStrategy and Bitcoin, as described by macro analyst Alex Krüger on X, “Microstrategy included in the Nasdaq. So people have to buy MSTR because it’s in the index which means Saylor can sell more shares and convert to buy more Bitcoin which pushes BTC up and then MSTR goes up which means you have to buy more shares to match the index, rinse and repeat. Bitcoin to infinity”.

At press time, BTC traded at $107,226.

Crypto All-Stars Meme Coin Presale Continues Its Ascent to $20M: What to Expect on Launch  Day?

bitcoinist.com - Tue, 12/17/2024 - 17:55

Crypto All-Stars is building a dream team with a presale that’s on fire. Early joiners who bought in at $0.00138 are already up 21% and the Presale is still live for another 2 days and 20 something hours.

Currently at $19.85M, and with $20M in sight, it’s time to start talking about what comes next.

Big Presales Set the Stage for Success

Successful ICOs and presales don’t guarantee successful tokens. But they do give development teams the money and momentum they need to keep building.

That’s why a roadmap is so critical – for an ICO, the roadmap outlines not just some kind of ideal plan; it allows teams to communicate to investors where the funds will go.

Of course, not every team will be able to execute their entire plan. But raising enough money to support the roadmap is a big part of a project’s success.

For $STARS, the roadmap is simple, which bodes well for long-term success. The Presale stage has raised nearly $20M with less three days to go until you can no longer buy in before it’s listed on public exchanges.

Token Launch and Exchange Listings

The launch of a token, by itself, isn’t difficult. It can be a bit more challenging to navigate the token claiming process and the inevitable rush to sell tokens that accompanies high-profile projects.

Our own experience with the highly successful $PEPU presale indicates that difficulties can come when a highly popular, Ethereum-based token like $STARS begins the token claiming process.

Pepe Unchained experienced site congestion and the occasional failed transaction on Ethereum (and pesky high gas fees). But the problems didn’t impact the general success of the token, as trading volumes witnessed a predictable spike (expected from a token that raised $73M in presale). 

Exchange listing plays a huge role here. The more exchanges – particularly larger exchanges or even a coveted CEX listing – generally help increase liquidity and therefore provide more stability and opportunities for price growth.

With Crypto All-Stars, a quick transition from presale to exchange listing is expected. With the presale ending on Friday, investors can look for $STARS to go live early the following week on key DEXs.

Building Out Utility

After the presale, token claiming, and exchange listing, comes arguably the most important part for determining the long-term fate of a project: utility.

Meme coins like $DOGE may have little if any practical utility, but projects like both $PEPU and $STARS have a clear roadmap with planned use cases. For $PEPU, that utility includes Layer-2 expansions for the world’s most popular frog-themed meme coin.

For $STARS, utility depends on launching and building out the MemeVault.

With the MemeVault, users can stake meme coins from around the crypto world, including:

  • $PEPE
  • $DOGE
  • $SHIB 

The Crypto All-Stars meme coin presale ascent to $20M makes the MemeVault makes $STARS a key token to unlock a one-stop place for meme coin profits.

What’s Next For $STARS on Launch Day?

Look for $STARS to power past the $20M mark at any moment. Investors can also watch to see how much further the token goes in the final 72 hours of the presale.

On Launch Day, investors will be able to start claiming tokens. And once $STARS goes live on DEXs next week, you’ll probably see an explosion of trading as everyone is usually looking to get in on the run-up.

Next, look for the $STARS team to start announcing how and when key project features – including the MemeVault – will be launched. Events like that will also likely impact price.

Note that none of this is financial advice – you’ll need to do your own research and only invest as much as you can afford losing.

One thing’s for certain: it’s shaping up to be an exciting weekend for Crypto All-Stars.

 

Bitcoin Rally Set To Extend? Expert Foresees A $110,000 Price Target For BTC

bitcoinist.com - Tue, 12/17/2024 - 17:30

The general cryptocurrency community is brewing with excitement and optimism following Bitcoin’s rally to a new all-time high on Monday. Despite the significant price growth, there are speculations that the uptrend may not be ending anytime soon, suggesting BTC’s potential for more increases to higher levels or milestones.

Next Big Milestone For Bitcoin On The Horizon?

Bitcoin’s rally to a new peak has triggered a wave of bullish predictions about its short-term and long-term prospects. Negentropic, a seasoned market expert and Glassnode co-founder is one of the analysts who has projected an optimistic outlook for BTC, forecasting an upswing to unprecedented levels in the near future.

Negentropic’s perspective suggests a continuation of BTC’s upward trajectory, highlighting the crypto asset’s resiliency and strengthening price performances. With market momentum building and BTC breaking past key resistance levels, these kinds of forecasts could attract more investors anticipating the next leg of Bitcoin’s rally.

Following an investigation of BTC’s current price action, Negentropic noted that Bitcoin closed above the $100,000 mark for the second week in a row. The flagship asset has also broken through the $102,000 resistance now acting as support, prompting a move to $104,000.

As a result, the market expert is confident that the next price target for BTC could be between $108,000 and $110,000 in the short term. Meanwhile, he highlighted that a retest to the $102,000 mark this week would be a golden opportunity to purchase BTC before the next move up.

The analyst considers this move a strong sign of recovery, potentially setting Bitcoin on a path toward levels beyond the $110,000 milestone in the coming weeks. Thus traders are monitoring BTC’s next move as the digital asset navigates this critical phase.

As Bitcoin continues to showcase upward strength, Michael Van De Poppe, the founder of MN Consultancy has also predicted a $110,000 target for BTC. He made the forecast after the crypto asset reached a new all-time high, raising investors’ confidence.

While Van De Poppe expects BTC to rise, he has warned that the number of leveraged long positions is comparatively high again. Therefore, should BTC lose the $102,000 level, there could be another liquidity meltdown shortly. However, if the asset holds firm above this point, Van De Poppe anticipates a move up to $110,000.

BTC Whales Are Holding Strong To Their Positions

In spite of the recent leg-up, Bitcoin’s Realized Profit Ratio, a key metric for determining whale exits and profit-taking remains at low levels. Specifically, the metric at low points implies reduced profit-taking activity by large investors.

According to CryptoQuant, whales have not even started selling and taking profits in comparison to the all-time high in past cycles. Considering the whales’ behavior, it could indicate that BTC is still below the peak range for this cycle.

Use DOGE and XRP to start a new journey in cloud mining – get more cryptocurrencies

bitcoinist.com - Tue, 12/17/2024 - 17:00

With the rise of cryptocurrency cloud mining in recent years, most investors have rushed to grab this piece of “beeswax” and obtain huge profits from it. As the leader of cloud mining service providers, Cryptokeying has the most advanced data centers in the world, providing reliable, intelligent and diversified computing power.

Whether using DOGE, XRP or other cryptocurrencies, we can provide you with a variety of one-click cloud mining contracts. In this article, we will explore the concept of cloud mining, cryptokeying as a leading cloud mining service provider, and methods to help you start making $1,000 or more a day.

 Cryptokeying: Where laziness meets profit

Cryptokeying takes the simplicity of cloud mining to the highest level, perfect for novices. The platform’s user-friendly interface ensures that even cryptocurrency novices can easily navigate. For cryptokeying, laziness is not a disadvantage; it is the path to success. As a pioneer in providing cloud mining services, Cryptokeying has more than 80 mining farms around the world, with more than 100,000 mining equipment, all powered by new renewable energy cycles, and has won the recognition and support of more than 2.8 million users with its stable income and security.

Unimaginable opportunities to make money

What makes Cryptokeying different is its extraordinary daily passive income, which provides the opportunity to earn $1,000 or more a day, enabling users to realize their dreams of getting rich online. Imagine earning a substantial income without constant effort or complex settings – this is what Cryptokeying offers.

Security and sustainability

In the world of mining, trust and security are crucial, Cryptokeying knows this well and puts the safety of users first. Cryptokeying is committed to transparency and legitimacy, ensuring that your investment is protected and allowing you to focus on profitability. All mining farms use clean energy, making cloud mining join the ranks of carbon neutrality. Renewable energy protects the environment from pollution, brings super value returns, and allows every investor to enjoy opportunities and benefits.

Platform advantages:

Get a $10 instant bonus upon registration ($0.6 for daily check-ins).

⦁High profit levels and daily payouts.

⦁No other service fees or management fees.

⦁The platform uses more than 8 cryptocurrencies (such as DOGE, XRP, BTC, ETH, SOL, USDC, USDT, BCH) for settlement

⦁The company’s affiliate program allows you to refer your friends and receive up to $20,000 in referral bonuses.

⦁McAfee® security. Cloudflare® security. 100% uptime guarantee and excellent 24/7 human technical online support.

Step 1: Register an account

In this example, we choose cryptokeying as our cloud mining provider. Go to the provider of your choice and sign up to create a new account. Cryptokeying provides a simple registration process, and all you need to participate is to enter your email address and create an account. After registration, users can start mining Bitcoin and other cryptocurrencies immediately.

Step 2: Buy a mining contract

Currently, cryptokeying also offers a variety of mining contract options, such as $100, $500, and $1,000 contracts, each with a unique ROI and a specific contract period.

You can get more passive income by participating in the following contracts:

⦁【Experience Contract】: Investment amount: $100, total net profit: $100 + $6.6.

⦁【WhatsMiner M30S+】: Investment amount: $500, total net profit: $500 + $36.6.

⦁【Bitcoin Miner S19k Pro】: Investment amount: $1,000, total net profit: $1,000 + $183.4.

⦁【WhatsMiner M66S】: Investment amount: $5,000, total net profit: $5,000 + $2,142.

⦁【WhatsMiner M63S+】: Investment amount: $8,000, total net profit: $8,000 + $5,409.

⦁【Mining Box 40ft】: Investment amount: $3,0000, total net profit: $3,0000 + $30030.

(For more new contracts, visit the official website of the cryptokeying platform: cryptokeying.com)

You can get the profit the next day after purchasing the contract. When the profit reaches $100, you can choose to withdraw to your crypto wallet or continue to buy other contracts.

Affiliate Program

Now, cryptokeying has also launched an affiliate program, a platform where you can make money by recommending websites to others. You can start making money even if you don’t invest. After inviting a certain number of active referrals, you will receive a monthly salary of up to $20,000. The number of referrals is unlimited, and your earning potential is also unlimited!

Summary:

If you are looking for a way to increase passive income, cloud mining is a good way. If used properly, these opportunities can help you grow your cryptocurrency wealth in “autopilot” mode with minimal time investment. At the very least, they should take less time than any type of active trading. Passive income is the goal of every investor and trader, and with cryptokeying, maximizing your passive income potential is easier than ever.

For more details, visit the official website of the platform: https://cryptokeying.com/

Company email: info@cryptokeying.com

 

Деннис Портер: Мне известен механизм покупки биткоинов властями США

bits.media/ - Tue, 12/17/2024 - 16:48
Генеральный директор инвестиционного фонда Satoshi Action Fund заявил, что власти США задействуют для покупки первой криптовалюты средства спецфонда Министерства финансов.

From PEPU Gains to WEPE: Whale Puts $200K into Presale After Huge $360K Flip

bitcoinist.com - Tue, 12/17/2024 - 16:46

If you ever needed an example of the potential huge gains to be made on a currently bullish crypto market, look no further than this investor who took a big chance – and it paid off big.

A whale investor placed a not-inconsiderable $160,000 into $PEPU and quickly made $200,000 profit on it. Rather than leave it in there and potentially make more money on $PEPU, he took the $200,000 profit out and put it all on Wall Street Pepe ($WEPE) – with the other $160,000 still sitting on $PEPU and gaining more there.

Is $WEPE Following in $PEPU’s Footsteps?

With a current $WEPE token price of $0.002588 and a staking APY currently sitting at 46%, that $200,000 has a high chance of turning into a huge stack of cash. That’s not guaranteed obviously, but the prospects are looking rather good.

It seems the investor also has a fondness for Pepe the Frog. $PEPU and $WEPE are both based on Pepe, and this fondness is currently translating into a huge financial windfall. $WEPE was designed to exploit the popularity of $PEPU and so far, it seems to be working.

Buying Into $PEPU and $WEPE? Knowing When To Exit is Key

If you want to try your luck at making some money with Pepe, you can go to both $WEPE and $PEPU and buy some tokens. $PEPU is currently valued at $0.015293 and $WEPE at $0.002588. But it’s 10 only hours till the next $WEPE price increase, so you need to hurry before the current price disappears.

This is a good illustration of why it can be a huge benefit to getting into crypto coins early. PEPU’s value started off low at $0.008 in the initial stage of the presale, then steadily climbed to a high of $0.06585. Then it began a gradual decline down to its current price of $0.017, which is still a significant gain for early buyers.

$PEPE is still trading strongly, and the price may possibly bounce back up. But for anyone looking to make a quick gain, this shows that it can be done if you get in at the right time, and know when to exit.

Investing is always a form of gambling at a certain level, hoping your numbers come up. But success stories like this show the amazing luck that some people can have, if they have the funds and are willing to hold their nerve.

Whales Buying Into WEPE Is a Good Sign – But Still Be Cautious

But as we always like to emphasize, predictions are not guarantees. This is not financial or investment advice. Always do your own independent research and come to your own conclusions before committing any money to crypto markets. Don’t ever invest anything that you can’t afford to potentially lose.

Keep your wits about you and don’t get swept up by hysteria and the lure of even bigger profits. Some people have different benchmarks for knowing when to quit. Some are happy with doubling their money, but it’s perfectly fine to wait for 4x or even 5x. But always know when to call it a day. A little profit is better than a huge loss.

Пол Кругман: Криптоэнтузиасты слишком активно требуют для себя счета в банках

bits.media/ - Tue, 12/17/2024 - 16:29
Лауреат Нобелевской премии по экономике раскритиковал криптоэнтузиастов за чрезмерное давление на избранного президента США Дональда Трампа, чтобы тот заставил банки обслуживать криптоинвесторов.

Протокол Lido прекратил сопровождение стейкинга для Polygon

bits.media/ - Tue, 12/17/2024 - 15:59
Самый крупный по объему заблокированных средств протокол ликвидного стейкинга Lido прекратил оказание услуг для сети Polygon PoS.  Lido on Polygon не смог адаптироваться к меняющимся рыночным условиям и конкуренции, сообщила команда протокола.

Analysts Predict 719% Rally for $XRP – Join Best Wallet to Ride Ripple’s Early Stablecoin Success

bitcoinist.com - Tue, 12/17/2024 - 15:07

Ripple Labs’ $XRP has been making waves in the crypto realm, capitalizing on regulatory developments that have spurred bullish market sentiment. 

Promising advancements in the ongoing legal battle between the Securities Exchange Commission (SEC) and Ripple have helped restore investor confidence in $XRP. 

The self-proclaimed ‘Crypto President,’ Donald Trump, has rebuilt faith in the entire crypto ecosystem. Investors foresee looser US crypto regulations when he moves back into the White House, and Gary Gensler (who’s sued Web3 companies left, right, and center) steps down as SEC Chair on January 20. 

Using a secure wallet like Best Wallet can help secure your crypto holdings and capitalize on early gains from upcoming coins like Ripple’s $RLUSD. 

$XRP Rises 416% Post-US Election Day 

Since last week, $XRP’s value has risen by over 15%, and its 24-hour volume has increased by more than 110%. 

Further highlighting the coin’s prosperous times, its price has more than quadrupled since the 2024 US Election Day outcome, rocketing by 416% from $0.50 to $2.58 since November 6. 

$XRP is poised to gain 719% following Gensler’s resignation, which could boost its upcoming stablecoin, $RLUSD, to greater heights. Notably, it’s already attracting hefty bids encompassing 836 $XRP on marketplaces despite being pegged to $1 (like Tether’s $USDT and Circle’s $USDC).  

Meanwhile, others foresee $XRP hitting $10 in 2025, with emerging projects (possibly Crypto All-Stars) following its lead. 

Albeit not financial advice, crypto analyst ‘CrediBULL’ suggests that now’s a good time to buy $XRP instead of waiting for the coin to dip to $2.21; a pullback might not occur as anticipated.

$BTC & $ETH ETFs Capture $3.2B Inflows

Ripple’s digital payment assets aren’t the only ones benefiting from the buzz surrounding softened US crypto restrictions. $BTC alone hit its $106K ATH just yesterday.

Bitcoin and Ethereum exchange-traded funds (ETFs) also saw $3.2B worth of inflows last month. Crypto investors have poured $3.85B into Bitcoin products this year, making the coin the source of 87% of all inflows.

Ethereum inflows often lag behind Bitcoin. But, they did garner $1B last week, boosting its year’s total to a commendable $4.4B. 

As US lawmakers push for crypto legislation next year, analysts foresee developments on the Ethereum network growing, likely boosting $ETH’s price. However, some analysts foresee earlier success – it hitting $5K before 2025 kicks off (around $1K greater than its current price). 

$BEST Safeguards Crypto, Attracts $4.5M on Presale

Among the hype,  investors are finding ways to safeguard their cryptocurrencies. Part of the Best Wallet ecosystem, Best Wallet Token’s ($BEST) success supports this statement, attracting over $4.5M on presale. 

$BEST is the backbone of Best Wallet, which sets itself apart from crypto wallet leaders like MetaMask over spotlighting presale tokens. 

You can join Best Wallet to take advantage of its multi-chain (forthcoming support of 60+ chains) and multi-token nature, which makes it a smart way to buy, store, and swap cryptocurrencies. Investors no longer need separate wallets for coins on contrasting chains. 

Another boon is having its own decentralized exchange, Best DEX, to offer the best rates and lowest trading fees on the market. 

Join Best Wallet for Early Success In 2025’s Bull Market

The ongoing legal battle between Ripple and the SEC positions $XRP as a resilient force in the crypto market. This signals bountiful times for not just $XRP but also the digital payment company’s upcoming stablecoin, $RLUSD. 

As the traditionally stringent US crypto regulations likely ease following Donald Trump’s presidential return and Gensler’s resignation, it’s not just the digital asset payment company’s assets poised for success.

Bitcoin and Ethereum ETFs are poised to flourish further. And new DeFi projects will likely build on Ethereum in 2025, uplifting $ETH.

Notably, Best Wallet highlights new presale projects before they are listed on centralized exchanges. Buying coins ahead of the rest offers a competitive advantage because they’re sold at significantly lower prices compared to post-launch, bolstering the likelihood of gains. 

As the market embraces a new era of adoption and growth, join the Best Wallet Taken presale to capitalize on promising cryptocurrencies, new and old. 

Банкротящаяся биржа FTX уточнила план выплат пострадавшим клиентам

bits.media/ - Tue, 12/17/2024 - 15:06
Руководство банкротящейся криптобиржи FTX объявило, что планирует начать выплаты пострадавшим кредиторам и клиентам в начале 2025 года. Компания приближается к завершению процедуры банкротства.

As Offline Crypto Thefts Soar, Investors Look to Protect Their Assets: With $4.5M in Presale, The Smart Money is on Best Wallet

bitcoinist.com - Tue, 12/17/2024 - 14:32

Two people from Arizona were robbed of a total of $300,000 in cryptocurrency by a man posing as a fake Uber driver.

The Scottsdale Police Department identified the victim as Nuruhussein Hussein. He targeted the first victim in March and the second in October. In both instances, he waited outside the W hotel, posing as their Uber driver. He even addressed them directly by their name, which is why the victims didn’t doubt him.

Once they entered his car, Hussein asked for their phones, claiming he was broken. Then, he accessed their Coinbase account and transferred all their funds to his own cold storage wallet.

In one of the instances, a victim grew doubtful and asked why the Uber app showed that their ride hadn’t arrived. To this Hussein claimed that something was wrong with the app and offered to troubleshoot. When the customer remained doubtful and asked for their phone back, he allegedly threatened them and said, “Chill or something bad would happen.”.

He was arrested on December 11 by Scottsdale detectives and US Secret Service agents on account of fraud, theft, and money laundering.

Rising Instances of Offline Crypto Thefts

This case with Nuruhussein Hussein isn’t a one-off instance. Lately, there has been a sharp increase in the number of offline crypto thefts. The robbery case of Hussein was still mild.

Some cases are much more violent than this. For example, there have been instances of armed gangs forcing into homes and holding the victims at gunpoint to get their crypto.

Cases are pouring in from all over the world, including Thailand, Ontario, Singapore, Hong Kong, Ukraine, and Costa Rica. For example, in November, an armed gang broke into a tourist’s room and forced them to transfer $250k USDT. The good news is these perpetrators were arrested a few days later.

Solutions Like Best Wallet Can Secure Your Digital Assets

The best way to combat any type of crypto theft is to choose a competent wallet. A good wallet uses a multi-layered security protocol and is easy enough to use so that both new and seasoned investors can reap its benefits.

After extensive research, we found a wallet that meets all these above-mentioned criteria. It’s the Best Wallet (yes, that’s literally its name).

Here’s what we like about it:

  • Non-Custodial Wallet: Best Wallet is a non-custodial wallet, which means you will have complete control over your private keys. Any attack (if at all it happens) on the company’s server will not compromise your keys.
  • Backup Passphrase: In case of device loss, you can use your backup passphrase to gain access to your wallet.
  • Two-factor Authentication: You can add a 4-digit passcode on top of facial or fingerprint authentication. This way, even if one authentication method fails, another will be in place to protect your data.

Other than this, you get a user-friendly interface, third-party insurance through Fireblocks, custom tokens, access to their rewards program, and much more. There’s also a portal called “Upcoming Tokens,” where users can directly checkout tokens in presale.

On a side note, if you are interested in diversifying your portfolio, Best Wallet also has its own token called $BEST. It’s currently in presale, so you’ll get them at a discounted price. The project looks promising, with substantial growth. It has already raised over $4.5 million so far.

Users can also earn these tokens by completing certain tasks through the rewards program. However, this article is not investment advice; we always recommend you do your own research or consult your financial advisor before investing your hard-earned money.

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