Author: cointechies

Russia’s finance minister has reportedly confirmed that many companies in the country are now using Bitcoin (BTC) to conduct foreign trade and circumvent Western sanctions. Reuters reports that the Russian government recently took legislative measures to legalize mining of Crypto King and other crypto assets, helping companies find ways to circumvent sanctions imposed on them by the West. As Russian Finance Minister Anton Siluanov told Reuters earlier this week, “Under the experimental regime, it is possible to use Bitcoins that we mined here in Russia (for foreign trade transactions). Such transactions are already taking place. We believe they should be…

Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. Lightchain AI is gaining traction in 2024 by uniting AI and blockchain, challenging Solana and Ripple at just $0.0037. In 2024, the crypto market continues to evolve with unique projects challenging established players like Solana (SOL) and Ripple (XRP). One project making big waves is Lightchain AI (LCAI), a blockchain platform that integrates artificial intelligence with blockchain technology. Priced at just $0.0037, LCAI has caught the attention of the crypto community with its potential to eclipse competitors like Solana…

A whale who recently deposited a huge amount of Ethereum funds into Binance has offloaded another $17 million to the crypto exchange. The whale is related to Nexo, according to on-chain data. In the last few days, Nexo or wallet addresses associated with the crypto platform have been depositing ETH into the centralized crypto exchange. It includes 18,000 uncollateralized Ethereum worth over $70.8 million that was floated on December 13th. “A whale (associated with #Nexo) deposited another $4,946 ($17.2 million) into #Binance in the last hour. Since December 2nd, #Nexo has deposited a total of $114,262 $ETH ($423.3 million) on…

Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. Traders are calling FXGuys the “next Solana” due to its unique features such as Trade2Earn, staking and a trader funding program. Here’s why it’s getting attention. The cryptocurrency world has seen a number of successful altcoins, but one project is quickly standing out in the crowded industry: FXGuys. Traders are raving about FXGuys as the “next Solana,” and there are several reasons why this altcoin could be the one to keep an eye on. With its approach to decentralized…

Singapore-based digital asset exchange giant Crypto.com plans to offer custody services to high-net-worth individuals and institutions in the US and Canada. This week the exchange announced the creation of a US trust company to enable the new services. Crypto.com also plans to transfer all digital assets of US and Canadian customers to the new escrow company for custody in the next few weeks. Crypto.com co-founder and CEO Kris Marszalek says the move reflects the company’s confidence in the North American market. “The establishment of a US trust company is our latest important step in our product roadmap to build our…

The global trend towards acceptance of Bitcoin-related investment products continues to strengthen, with six new investment funds set to launch in Israel. According to a report from Calcalist on Wednesday, December 25, Israel’s securities regulator has given the green light to six investment funds that will track the price of Bitcoin (BTC). The funds’ approval by the ISA last week paved the way for their debut on December 31, the report said. Cacalist’s report shows that ISA expects all six funds – from Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI – to go live at the same…

Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. Crypto investors are looking for the next big opportunity; Here are six altcoins that will see massive growth by 2025. Cryptocurrency markets are constantly changing and investors are looking for the next big opportunity. In this dynamic environment, some lesser-known digital coins hold promise for future growth. This article highlights six altcoins that could deliver significant returns by 2025. Discover these potential game-changers and stay at the forefront of the evolving crypto landscape. DOGEN: The ultimate meme token for…

Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. These undervalued cryptocurrencies are poised for massive growth in the coming year. Hidden gems in the cryptocurrency market could offer incredible returns in the coming year. Some undervalued digital assets are poised for massive growth and can potentially multiply investments many times over. This article examines promising cryptocurrencies that could rise in value, offering opportunities for those looking to capitalize on the next big rise. Catzilla: Dominates the meme coin space with massive potential In the fast-paced world of…

Data shows crypto hacks caused nearly $3 billion in damages in 2024, with access control flaws accounting for 78% of losses. According to Hacken’s latest research report, 2024 proved to be another challenging year for blockchain security as nearly $3 billion was lost to crypto hacks. Although the overall financial impact was at 2023 levels, attacks exploiting access control vulnerabilities increased sharply. Hacken’s data shows that these flaws accounted for 78% of losses and affected a wide range of sectors, including decentralized finance, centralized finance and gaming/metaverse platforms. Crypto Losses by Category | Source: Hack According to the report, access…

MicroStrategy Inc., the business intelligence firm that is now the largest corporate holder of Bitcoin, has been ranked the best-performing cryptocurrency stock of 2024, according to The Block. The company’s shares rose as much as 402% for the year, increasing the company’s market capitalization to $83 billion. This continued the trend of MicroStrategy buying more Bitcoin (BTC) in 2024. According to reports on December 23, the company currently owns almost 444,262 BTC, which is worth over $45 billion at today’s prices. BTC’s phenomenal 120% price increase in 2024 – spurred by market boosters such as the spot approval of a…