Plans for 2025 include enabling Bitcoin users to interact with DeFi on Cardano
U.Today 2025-01-30 17:46
European Central Bank (ECB) President Christine Lagarde has reaffirmed that Bitcoin will not be included in the official reserves of the European Union. She stated that the digital asset does not meet the necessary criteria for liquidity, security, and safety, making it unsuitable for central bank holdings. Lagarde Confident Bitcoin Will Not Enter ECB Reserves Speaking at a press conference, ECB President Christine Lagarde made it clear that Bitcoin will not become part of the reserves of any eurozone central bank. She emphasized that reserves must be liquid and free from concerns related to illicit activities. “There is a view around the table of the Governing Council and most likely the General Council as well that reserves have to be liquid, that reserves have to be secure, that they have to be safe, that they should not be plagued by the suspicion of money laundering or other criminal activities. And as a result, I’m confident that Bitcoin will not enter the reserves of any of the central banks of the General Council,” Lagarde stated. Her comments followed remarks by Czech National Bank (CNB) Governor Aleš Michl, who suggested that his institution would assess the possibility of holding a portion of its reserves in Bitcoin. This Is A Developing Story, Please Check Back For More The post Just In: ECB President Lagarde Rules Out Bitcoin in EU Reserves, Here’s Why appeared first on CoinGape .
CoinGape 2025-01-30 17:45
Andre Cronje, the founder of Sonic, wrote that pressure from the United States Securities and Exchange Commission led to his abrupt departure from the cryptocurrency industry in 2022. In a new blog post , Cronje detailed a years-long struggle with the regulator that ultimately forced him to step away from public engagement with decentralized finance . Cronje, best known for launching Yearn Finance in 2020, said he deliberately avoided raising funds or selling tokens to steer clear of regulatory scrutiny. However, in 2021, he received his first inquiry from the Securities and Exchange Commission requesting details about Yearn Finance’s investors and profit distribution. Despite not being a United States citizen and never conducting business in the country, he complied with the request, gathering extensive information over several weeks. The SEC continued its investigation, sending additional letters that Cronje described as increasingly aggressive. Over time, the focus shifted from an alleged securities violation to questioning whether Yearn Finance’s vaults qualified as investment vehicles. These inquiries, he said, consumed his time and resources, forcing him to halt development work. “After two years of needing to deal with this every month, and endless sleepless nights and stress,” Cronje wrote that he chose to step away. He emphasized that his departure was not due to dissatisfaction with DeFi but rather the toll of constant regulatory scrutiny. You might also like: Chainlink introduces new data product for DeFi Behind the scenes Despite stepping back from the public eye, Cronje continued working on blockchain projects behind the scenes. He now says he is close to launching new DeFi initiatives. He also noted that recent shifts in the SEC’s leadership made him feel comfortable sharing his experience, as previous investigators warned him against speaking out. “Given the new direction of the SEC, I finally figured I can actually write about this, as previously I was strongly advised by those same investigators to not mention the investigation or it could escalate things,” Cronje wrote. You might also like: Analyst predicts Solana ETF approval by March as Elluminex mirrors SOL’s rally
crypto.news 2025-01-30 17:43
Christine Lagarde, President of the European Central Bank (ECB), reaffirmed that Bitcoin is not suitable for central bank reserves due to liquidity and regulatory concerns. Her remarks came during a
CoinOtag 2025-01-30 17:43
TRUMP, a meme coin launched earlier this month on Solana, is available as a payment option at several of President Trump's online merchandise stores.
Decrypt 2025-01-30 17:43
Bitcoin is up about 3% following the speech by Fed's chair Jerome Powell who said "banks are perfectly able to serve crypto customers."
TrustNodes 2025-01-30 17:42
The market is set to witness the launch of the revolutionary 1Fuel (OFT) , the new crypto solution that aims to simplify transactions, reduce trading fees, and provide better security. The ongoing 1Fuel presale has raised over $1.6 million in just days, and analysts are tipping it to surge by 500% before its public launch. This has attracted top Elon’s DOGE holders who are moving away from Dogecoin and flocking to 1Fuel. Elon’s DOGE struggles despite the Trump effect myth Dogecoin ( DOGE) is among the crypto assets currently performing below expectations. Key market stakeholders believed Dogecoin (DOGE) would pump due to Trump's pro-crypto stance and Elon's association with the government. However, Dogecoin (DOGE) has continued to battle downward pressure even after the Trump administration kick-started. Elon's influence on Dogecoin seems to be waning, and community support is no longer enough to spur a positive DOGE price movement. The meme coin's developers now have todig deeper for innovation in the Dogecoin ecosystem to sway the sentiment around DOGE in the bullish direction. In other news, Dogecoin (DOGE) has dropped by 15% in the last seven days and trades slightly above its $0.30 critical support level. However, Dogecoin (DOGE) needs stronger buy action to surge beyond the resistance around $0.35 and attempt the $0.40 price zone. Analysts say this could happen in the coming month, as the Bitwise Dogecoin ETF application could improve DOGE interest amongst investors again. 1Fuel's innovative features attract top market players The budding 1Fuel is billed for high adoption from crypto traders and investors alike. Analysts highlight that 1Fuel will not only provide a better trading experience to users, but it will also yield good returns for token holders. The crypto solution aims to address major concerns in DeFi, increasing its adoption potential. 1Fuel’s one-click technology that will facilitate seamless cross-chain asset swaps. This feature will eliminate the need for multiple wallets to transact across different blockchains. The platform will also have a cold storage feature for better asset management and monitoring. Furthermore, it will feature military-grade mixer technology to provide users with complete anonymity. 1Fuel has a real-world application. Users can make everyday purchases in crypto, leveraging the virtual and physical 1Fuel debit and credit cards. Beyond this, 1Fuel ecosystem participants can explore numerous passive income opportunities through liquidity provision or staking to earn up to 30% APR. The incredible features and utilities 1Fuel boasts make it a potential top token. This is why analysts see it as one of the best buys in 2025. 1Fuel is currently valued at $0.017 in presale, a low entry price that will yield high-margin profit in the long run. Early investors have copped 70% gains with more to come as prices soar. The constantly increasing presale price is a signal to act fast to enjoy maximum profit from 1Fuel . 1Fuel has raised over $1.6 million in ICO funding and sold over 164 million OFT tokens. With projections that OFT will surge by a further 500% before the presale concludes, now is the best time to join before prices explode. Join the presale now and be a part of the revolutionary project billed to transform DeFi. To Find Out More About The 1Fuel Presale, Use The Links Below: Website: https://1fuel.io/ Telegram: https://t.me/Portal_1Fuel Twitter / X - https://x.com/1Fuel_
Crypto Daily 2025-01-30 17:42
The cryptocurrency market is full of emerging opportunities, and Lightchain AI is quickly standing out as a project worth watching. With over $13.8 million raised in its presale at a price of $0.005, this blockchain token is drawing significant investor attention for its potential to reshape the industry. As investors continue searching for the next major crypto success, Lightchain AI is making a strong case for becoming one of the top choices. What Makes Lightchain AI Stand Out? Lightchain AI is gaining recognition for its energy-efficient blockchain infrastructure, keeping power consumption low while maintaining high performance. This makes it an attractive option for investors who prioritize sustainability in blockchain projects. Beyond efficiency, Lightchain AI is fostering innovation by providing funding and development resources to builders. This creates a dynamic ecosystem that attracts top talent and ensures ongoing advancements in decentralized applications and blockchain adoption. Another defining feature of Lightchain AI is its seamless interoperability, allowing integration with multiple blockchain networks. This capability opens up a wide range of use cases and collaborations, making it a valuable asset for developers and enterprises looking for scalable solutions. Unlike many emerging projects, Lightchain AI is not just another token—it is a comprehensive blockchain platform designed to support long-term innovation and real-world adoption. Can Lightchain AI Be the Next Big Crypto Investment? With its innovative model and strong presale performance , Lightchain AI is positioning itself as a serious competitor to established blockchain platforms. Its ability to adapt to evolving industry trends and cater to both developers and businesses ensures that it will remain relevant for years to come. As Lightchain AI moves closer to official exchange listings, analysts anticipate significant price growth, potentially making it one of the most profitable crypto investments of 2025. Its combination of affordability, innovation, and community-driven development makes it an appealing option for investors seeking high-growth potential in the market. A New Approach to Decentralized Governance Lightchain AI is setting itself apart with a governance model that prioritizes community involvement. Unlike platforms that focus on developer-driven decisions, this project puts power directly into the hands of token holders, allowing them to vote on network updates, partnerships, and the overall direction of the ecosystem. Its quadratic voting system ensures that smaller stakeholders have a meaningful say in decision-making while preventing centralized control by larger holders. In addition to governance, community-driven initiatives such as developer grants and AI-based public projects encourage continued growth and innovation. With its decentralized and inclusive governance approach, Lightchain AI is establishing itself as a blockchain ecosystem that evolves based on the collective vision of its supporters. This level of transparency and collaboration positions it as a strong competitor in the industry. https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://x.com/LightchainAI https://t.me/LightchainProtocol
The cryptocurrency market is brimming with new prospects, and Lightchain AI is rapidly becoming a noteworthy project. With a successful presale raising over $13.8 million at a price of $0.005, this blockchain token is capturing the attention of investors due to its potential to transform the industry. As investors continue their quest for the next big success in crypto, Lightchain AI is making a compelling case to be among the top contenders. What Distinguishes Lightchain AI? Lightchain AI is gaining traction for its energy-efficient blockchain infrastructure, which keeps power usage low while ensuring high performance. This makes it appealing to investors who value sustainable blockchain projects. In addition to its efficiency, Lightchain AI is driving innovation by providing funding and development resources to creators. This fosters a vibrant ecosystem that draws top talent and supports continuous advancements in decentralized applications and blockchain adoption. Another key feature of Lightchain AI is its effortless interoperability, which allows it to integrate with various blockchain networks. This capability broadens its range of use cases and collaborations, making it a valuable asset for developers and businesses seeking scalable solutions. Unlike many emerging projects, Lightchain AI isn’t merely another token—it’s a fully-fledged blockchain platform designed to facilitate long-term innovation and real-world application. Could Lightchain AI Be the Next Major Crypto Investment? With its cutting-edge model and impressive presale results , Lightchain AI is establishing itself as a formidable competitor to established blockchain platforms. Its ability to adapt to changing industry trends and serve both developers and businesses ensures its relevance in the years ahead. As Lightchain AI nears official exchange listings, analysts are predicting substantial price growth, which could make it one of the most rewarding crypto investments of 2025. Its blend of affordability, innovation, and community-driven development make it an attractive choice for investors looking for high growth potential in the market. Revolutionizing Decentralized Governance Lightchain AI differentiates itself with a governance model that emphasizes community involvement. Unlike platforms where developers make the key decisions, this project empowers token holders with the ability to vote on network updates, partnerships, and the overall direction of the ecosystem. Its quadratic voting system ensures that smaller stakeholders have a significant voice in decision-making, while preventing larger holders from exerting centralized control. Besides governance, community-driven initiatives like developer grants and AI-based public projects promote ongoing growth and innovation. Through its decentralized and inclusive governance model, Lightchain AI is positioning itself as a blockchain ecosystem that evolves based on the collective vision of its supporters. This level of transparency and collaboration makes it a strong competitor in the industry. https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://x.com/LightchainAI https://t.me/LightchainProtocol
Bitzo 2025-01-30 17:42
Major rival of popular cryptocurrency XRP seems to have hit bottom, but what's next for Stellar's XLM?
U.Today 2025-01-30 17:40
The post Litecoin Overvalued as MVRV Declines, Despite Price Surge: What’s Next for LTC Price? appeared first on Coinpedia Fintech News After the Federal Reserve decided to keep interest rates unchanged, the crypto market has maintained steady growth. Among these, Litecoin stands out in the altcoin sector, recording significant double-digit gains in just a few hours. This surge has impacted several on-chain metrics, suggesting that Litecoin’s price is currently overvalued. This could lead to strong selling pressure if LTC price struggles in breaking through resistance levels. Litecoin’s MVRV Declines Despite Price Surge Litecoin faced increased buying demand following rumors of a Litecoin-based exchange-traded fund (ETF). On Polymarket, a decentralized prediction market, crypto bettors have placed an 87% chance that the US Securities and Exchange Commission (SEC) will approve a Litecoin-based exchange-traded fund (ETF) this year. The hopes among investors increased after the SEC began a public comment period for the proposed Canary Litecoin ETF. The public has 21 days from the announcement to submit feedback, which will help the SEC decide whether to approve the ETF. Also read: Why Litecoin Price is Up Today: Key Factors Driving Its 14% Surge After the comment period, the SEC has 45 days to make a decision, which can be extended to 90 days if needed, to approve, deny, or further review the ETF. Due to this news, there’s an increased buying pressure in the LTC price chart. Data from IntoTheBlock indicates that the MVRV ratio for Litecoin is falling, even though the price of LTC is rising. Currently, the ratio is at 1.23, suggesting that the last realized value is nearing LTC’s market value. A declining MVRV ratio amidst a price surge might suggest that although prices are increasing, the value being realized by holders does not support this price increase, indicating potential overvaluation. Eric Balchunas, an ETF analyst at Bloomberg, highlighted that this is the first altcoin ETF to get this far, showing significant progress in the approval process. However, it’s still unclear if the SEC will speed up its decision or use the entire 240-day review period. What’s Next for LTC Price? Litecoin price has been facing increasing buying demand as buyers pushed the price from the low of $110 to a recent high of $134. Currently, buyers are holding the price above 23.6% Fib level to stabilize the momentum within a buying zone. As of writing, LTC price trades at $131.6, surging over 17.1% in the last 24 hours. The rising 20-day EMA at $119 and an RSI over 69 suggest that buyers currently have the advantage. If LTC breaks and closes above the downtrend line, it could set off a rally towards $150, and possibly extend to $165. On the other hand, if the price sharply reverses from the downtrend line, it means that sellers are still influential at higher prices. This could lead them to try pushing the LTC/USDT pair back down towards the 50-day SMA at $120.
coinpedia 2025-01-30 17:39
A solo miner succeeded in producing the header for Bitcoin block 881423, taking the whole 3.125 BTC rewards. The miner is part of a new drive to use simple equipment to bring back retail BTC block production. A Bitcoin block at height 881423 was solved by a solo miner, who took the entire 3.125 BTC reward. Despite the near-record hashrate and competition, mining remains a game of luck, and the block was discovered with a small fraction of the total hashrate. The discovery of a solo block usually happens a few times a year and is highly improbable but not impossible. BTC is mined at more than 775 TH/s, while the miner did not exceed 992 ph/s and mined at a much lower rate. The block, valued at $326,301, was discovered with specially created, consumer-facing equipment mining at a low baseline rate. The block was also discovered at peak difficulty conditions after a year of constantly increasing the complexity of the Bitcoin puzzle. Lucky block is the second one coming from FutureBit equipment Solo mining can be done with any equipment, including a series of rigs. This time, the miner used FutureBit’s mining setup, which aims to bring back mining to retail users, relying on a bit of luck to discover a block. The recently discovered block is actually the second for a FutureBit user. In October 2024, a FutureBit user solved block 867760 , again with a 3.125 BTC reward. Solving two blocks through FutureBit usage is an achievement that may raise exposure for the project. The second block, which was solved this January, was also discovered accidentally during a FutureBit publicity event. FutureBit used the event to showcase its equipment and hashrate, pointing hashing power with a self-hosted Apollo node. We have reached maximum dynamic hashpower… 1 EH/s being directed to a single Apollo Full Node! Wild🤯 pic.twitter.com/dv3oclaPJa — FutureBit (@FutureBit) January 29, 2025 The block was thus discovered during the fundraiser event of the 256 Foundation , a Bitcoin education and mining initiative. The event also meant that the block actually required multiple FutureBit devices to achieve the maximum hashing power. At the same time, discovering a block with such a low hashrate was an astronomically rare event. Essentially, owners of FutureBit equipment ran their own Apollo node, then worked as a mini-pool to point peak hashrate. With a bit of luck, the wallet connected to the node grabbed the reward. FutureBit did not give more details on who will end up with the prize. Estimates of the mining event during the fundraiser show that there were 296 participants with coordinated mining equipment, though only a single node took the reward. FutureBit wants to move away from large pools The ‘Made in USA’ mining most often refers to the top US-based pools, especially Foundry. Pool competition is global, but large-scale miners are usually regional. US-based mining leaders include MARA Holdings, Canaan Minind, and other publicly traded companies. FutureBit aims to bring a form of solo mining that offers a mix of equipment and node operation tools and a return to solo mining. FutureBit does not limit its hashrate but aims to solve the BTC block solo without adding that hashrate to a larger pool. Solo mining operations can also happen with a hashrate from large mining centers. The disadvantage of solo mining is the rarity of discovering a block. The main advantage is that the block reward is not shared with all pool participants. FutureBit offers node equipment that can connect to extremely high hashrate and is compatible with big data centers or even pools. Apollo nodes can also handle minimal, retail-sized hashrate from one or multiple machines. FutureBit’s equipment is a multi-chip ASIC, capable of producing around 3 TH/s. This amount of hashing power is insufficient to solve a node with any realistic probability, but has the advantage of running a full archival Bitcoin node. The equipment moves away from the dominance of large mining centers, and may be used to sign and verify personal transactions faster. Running a node is also one of the key components of a more widely decentralized Bitcoin network, which relies on more diversified hardware. Apollo retails for under $700, allowing retail miners to run a node or run the chance of solving a block with a relatively smaller investment. Cryptopolitan Academy: How to Write a Web3 Resume That Lands Interviews - FREE Cheat Sheet
Cryptopolitan 2025-01-30 17:38
Sonic founder claims SEC bullying forced him to leave crypto
