The post HashKey’s Big Break: Just Got Approved for a Big Crypto License in Ireland! appeared first on Coinpedia Fintech News HashKey Group, a top digital asset services provider in Asia, has just made a robust entry into the European market. As the company’s European arm, HashKey Europe Limited has officially received approval from the Central Bank of Ireland for its Virtual Asset Service Provider (VASP) license to offer a wide range of exciting crypto services under the new MiCA regulations. HashKey Receives VASP License in Ireland On January 7, HashKey Group made a huge announcement they’ve just received approval for a VASP registration from Ireland’s central bank. HashKey Further Expands Our Global Footprint! We're excited to announce that @HashKeyGroup has obtained VASP registration approval from the Central Bank of Ireland, underscoring our commitment to building a global #Web3 ecosystem within a highly compliant regulatory… pic.twitter.com/HL83CWAWPv — HashKey Group (@HashKeyGroup) January 7, 2025 With the approval of the VASP registration, HashKey Europe Limited can now offer important services, including fiat-to-crypto exchanges, crypto-to-crypto exchanges, custodial wallet services, and virtual asset transfers on behalf of third parties. This move is part of the company’s broader strategy to enhance its international presence, with HashKey already holding operational licenses in Bermuda and other key Asian markets like Hong Kong, Singapore, and Japan. For HashKey, this marks the company’s first VASP license fully aligned with the EU’s Fifth Anti-Money Laundering Directive (AMLD5), reinforcing its commitment to maintaining a strong, compliant regulatory framework as it builds a global Web3 ecosystem Ireland’s Role in the Crypto Revolution The VASP license from the Central Bank of Ireland is crucial because it ensures that HashKey can operate within Ireland’s legal framework. Under the new Markets in Crypto-Assets ( MiCA ) regulations, crypto companies were required to apply for VASP registration by December 30, 2024. These rules aim to make crypto services in the EU more secure and consistent, ensuring companies like HashKey follow high standards of compliance. Derville Rowland, Deputy Governor of the Central Bank of Ireland, explained that MiCA rules help make finance more accessible and encourage new ideas. Ireland will focus on working better with other EU countries and making it easier for crypto companies to follow the rules.
Cryptocurrency analysis company Santiment, in its latest published data, touched upon the interest rates of developers in tokens on Solana, one of the most popular cryptocurrency networks at the moment. The Solana ecosystem is particularly preferred due to its high speed and low transaction costs. Both of these features are being tried to be provided by layer 2 solutions on the Ethereum side. In addition, the Solana ecosystem has recently become an area where the memecoin theme has particularly intensified. However, interestingly, we see that the focus of developers is not on memecoins but on more robust projects. Related News: Analyst Says "Cryptocurrencies Will Be Like the New Space Race in the Trump Administration", Shares What He Expects Here are the altcoins that developers have focused on the most in the last 30 days and their developer scores, provided by Santiment: Solana (SOL) – 108.03 PythNetwork (PYTH) – 40.1 Drift (DRIFT) – 35.23 Wormhole (W) – 28.8 Helium IOT (IOT) – 27.77 Helium Mobile (MOBILE) – 27.77 JTO (JTO) – 23.67 Metaplex (MPLX) – 21 Marinade (MNDE) – 18.2 Neon (NEON) – 15.9 When the data is examined, we see that the top naturally remains unchanged compared to the previous month's list, with the network's main coin SOL continuing its leadership. However, it is observed that Wormhole, which was in second place in the previous list, has lost this title. *This is not investment advice. Continue Reading: List of Solana Altcoins Developers Are Focusing on the Most Released – Here’s the Top 10
From memecoin forerunner to altcoin powerhouse, these two cryptos have captivated the community with their impressive exploits. Pepeto…
FTX alumni’s Backpack Exchange completes acquisition of FTX EU, set to launch MiFID II-regulated crypto products. Backpack, a crypto exchange founded by former FTX executives, has acquired FTX EU, the former European arm of FTX, as part of its expansion…
FTX alumni’s Backpack Exchange completes acquisition of FTX EU, set to launch MiFID II-regulated crypto products. Backpack, a crypto exchange founded by former FTX executives, has acquired FTX EU, the former European arm of FTX, as part of its expansion into the European market. The acquisition, approved by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission, will allow Backpack to offer regulated crypto derivatives and other financial products to European users, the company said in a blog announcement . The new European branch will provide a range of crypto derivatives, including perpetual futures. This comes as other exchanges exit Europe, leaving a gap in the regulated crypto derivatives market. Backpack chief executive Armani Ferrante says becoming a MiFID II-licensed entity “demonstrates our dedication to meeting the highest regulatory standards and is a significant step to bringing transparent, secure, and regulated crypto trading to an underserved European market.” You might also like: New crypto exchange Backpack started by former FTX and Alameda execs In addition to offering new products, Backpack EU will handle the distribution of FTX bankruptcy claims to FTX EU customers. Backpack EU will also integrate traditional payment systems, allowing users to make payments across Europe via SEPA and wire transfers, the announcement reads. The company plans to reactivate its EU license and launch Backpack EU in Q1 2025, though no exact timeframe has been provided for the launch. Founded in 2022 by Armani Ferrante, an early employee of Alameda Research, Backpack was initially launched as the non-custodial Backpack Wallet. In November 2022, during the collapse of FTX, Backpack lost $14.5 million, which was 88% of its operating funds. Despite that setback, the team chose to continue building with minimal funding. Read more: Crypto exchange Backpack hires Citibank veteran as head of audit
The cryptocurrency world has its eyes firmly set on XRP , as the SuperTrend indicator has flipped bullish on the 12-hour chart—a signal that previously set the stage for a massive 470% rally. Ali Martinez, a respected voice in the crypto space, reignited excitement on January 6 when he noted: “The last time the SuperTrend indicator flipped bullish on the 12-hour chart, XRP went up 470%. It just flipped bullish again.” If history repeats itself, the token’s price could surge past the $11 mark, a seismic leap from its current levels. Critical support range appears to be holding steady around $2.25 to $2.40, while resistance at $2.60 looms as the next test. The last time the SuperTrend indicator flipped bullish on the 12-hour chart, $XRP went up 470%… It just flipped bullish again. 👀 pic.twitter.com/tqj40dO9nV — Ali (@ali_charts) January 6, 2025 XRP’s market cap, already an impressive $140.3 billion, could see an unprecedented expansion if the bullish momentum continues. The past week has seen an 18.31% climb, a sign that the tide is shifting. Adding further intrigue, Martinez had highlighted a TD Sequential buy signal on the 4-hour chart, indicating that a rebound may already be underway. The indicator is notorious for predicting significant price shifts, making it a favorite for technical traders who thrive on precision. Crypto analysts weigh in Meanwhile, the broader sentiment across the crypto community remains split between cautious optimism and feverish enthusiasm. Chart guru Captain Faibik weighed in, proclaiming that XRP is nearing a decisive bullish flag breakout on the daily timeframe, with a potential 50% rally on the horizon should the breakout confirm. $XRP is on the verge of Bullish Flag Breakout on the Daily timeframe Chart..!! Expecting another +50% Bullish Rally after Successful Breakout.. 📈 #Crypto #XRP #XRPUSDT #XRPArmy pic.twitter.com/FuVjhDbdBN — Captain Faibik 🐺 (@CryptoFaibik) January 7, 2025 A similar analysis was also shared by MikybullCrypto . $XRP breakout is imminent The chart looks ready. pic.twitter.com/g9YHdcNOqx — Mikybull 🐂Crypto (@MikybullCrypto) January 7, 2025 In contrast, veteran trader Peter Brandt took a more tempered approach. He noted that while half-mast flags often resolve within six weeks, delays can undermine their credibility. In his words, “This flag in $XRP needs to rock and roll soon, otherwise it will likely morph into something else TBD.” Half mast flags should complete within six weeks, otherwise they should be viewed with great suspicion. This flag in $XRP needs to rock and roll soon, otherwise it will likely morph into something else TBD. But if it completes, then market cap of $500 B is possible pic.twitter.com/c7BHqnQFkP — Peter Brandt (@PeterLBrandt) January 6, 2025 Still, Brandt conceded that if the breakout materializes, a $500 billion market cap is not off the table. Featured image via Shutterstock The post XRP ‘SuperTrend indicator’ flips bullish; is another 470% surge coming? appeared first on Finbold .
In a recent post on X, pro-XRP lawyer John E. Deaton voiced his concerns over the pervasive influence of substantial monetary contributions in American politics. His focus has been on the particular role of crypto donations. The crypto advocate’s post was a direct response to Elon Musk’s tweet, where the former called the awarding of the Presidential Medal of Freedom to George Soros a “travesty.” According to an X post from Bachata CEO Mario Nawfal, a nonprofit backed by billionaire George Soros injected millions into various organizations. His money funded several initiatives in the United States. And Soros was just given the Presidential Medal of Freedom … https://t.co/vhK7EMZkAj — Elon Musk (@elonmusk) January 7, 2025 Nawfal believes Soros is being hailed for his contributions, while Musk is getting the bitter end of “compliments” from economists. Crypto lawyer warns crypto enthusiast on involvement with politics Deaton began his post by stressing the need to remove ‘big money’ from politics. He pointed out the case of Sam Bankman-Fried, the former CEO of the beleaguered exchange FTX. Referring to the sentenced head of FTX as “the Bernie Madoff of Crypto,” the attorney explained how SBF donated $70 million during the 2022 midterms. Bankman-Fried predominantly supported Democratic candidates, which positioned him as one of the largest donors behind George Soros. This contribution was revealed during FTX’s fraud trial. Here, it was revealed he donated $10 million to Biden’s Administration to “gain regulatory access.” Per the pro-XRP lawyer, SBF succeeded in his ploy to meet with regulators like SEC Chair Gary Gensler and members of the CFTC multiple times. He then provided other examples of SBF’s acquired influence, which saw his dad, Joe Bankman, write Elizabeth Warren’s tax policy. “ SBF’s mom, Barbara Fried, runs Mind The Gap, a SuperPac for liberal democrats. Despite receiving $10M in stolen customer funds and having tens of millions of dollars worth of Bahamian luxury real estate in their names, paid for by stolen customer funds, they have not been charged or indicted. ” Deaton questioned. The crypto attorney also reiterates that political campaigns have become vehicles for moving and paying money, potentially corrupting the democratic process. He cited the example of Vice President Kamala Harris and the Future Forward SuperPac, which together spent an astonishing $2.5 billion in just 15 weeks. From the lump sum, the outgoing US vice president reportedly raised $1.5 billion alone. Democrats calling for financial expenditure oversight Some members of the democratic party are calling for audits to trace the expenditure of Biden’s administration. Senior lawmakers, including Bernie Sanders and John Fetterman, are backing parts of Elon Musk’s proposed spending cuts plan. Musk’s proposal aims to reduce $2 trillion in annual federal spending, targeting waste and inefficiency in government programs. Representative Ro Khanna supported Musk’s call to curb Pentagon spending, citing longstanding issues with wasteful defense contracts. “ Defense contractors have exploited taxpayers for too long,” Khanna, representing parts of Silicon Valley , told the Financial Times. His remarks followed Sanders’ statement endorsing Musk’s focus on defense spending as a necessary reform. “ The Pentagon, with an $886 billion budget, failed its seventh consecutive audit, losing track of billions, ” Sanders said. Interestingly, this outcry for transparency contrasts with the party’s support for increasing IRS agents to scrutinize ordinary Americans, which attorney Deaton said he finds quite ironic. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
COINOTAG News reported on January 7th that recent monitoring by LookIntoChain has unveiled significant market movements following the announcement of an upcoming Binance listing. A notable SWARMS whale engaged in
In a world where cryptocurrencies dominate conversations, only a few stand out as true game-changers. Among them, Qubetics ($TICS), Immutable X, and ICP are captivating attention for their unique offerings and visionary goals. Qubetics is transforming blockchain connectivity with its Web3-aggregated chain, Immutable X is revolutionising scalability for NFTs, and ICP is bringing the internet onto the blockchain. These altcoins are rewriting the rules of what’s possible in decentralised technology. But what truly sets Qubetics apart is its presale phase, which attracts investors with its rapid growth and promise of interoperability. Let’s explore why Qubetics leads the race among the hottest altcoins to join this year and what makes these three projects unmissable for investors. Qubetics: Uniting Blockchains for a Smarter Decentralised Future In the fragmented world of blockchain, seamless integration is often a challenge. Most networks operate in silos, creating barriers to cross-chain communication and limiting the adoption of decentralised applications. Qubetics ($TICS) seeks to change that by becoming a Web3-aggregated chain that bridges these divides. By enabling smooth asset transfers, effortless data sharing, and robust cross-chain functionality, Qubetics positions itself as the ultimate solution to blockchain interoperability. This cohesive framework aims to empower developers, enterprises, and users, unleashing the untapped potential of decentralised ecosystems. Currently, Qubetics is in Presale Phase 16, and investors couldn’t be more thrilled. With each phase bringing a 10% price hike, the presale culminates in a 20% increase at the final stage. Right now, $TICS tokens are available at just $0.045, with over $8.9M raised, 13,500+ holders, and an impressive 404M tokens sold. The momentum is building, and those joining today are not just investing in a token—they’re stepping into the future of blockchain technology. Don’t miss the opportunity to secure your stake in one of the hottest altcoins to join this year. Immutable X: Scalable Solutions for NFTs Immutable X is reshaping the NFT landscape by addressing one of its most pressing issues—scalability. Built on Ethereum, it provides a layer-2 solution that ensures transactions are faster, cheaper, and eco-friendly without compromising security. Its focus on reducing gas fees and enhancing user experience has made it a go-to platform for NFT enthusiasts and developers alike. Whether you’re a creator minting your first digital masterpiece or a collector trading rare tokens, Immutable X ensures your journey is seamless. This innovative approach to scalability and sustainability makes Immutable X a standout choice for anyone exploring the NFT space, earning its place on this list. ICP: Bringing the Internet to Blockchain The Internet Computer Protocol (ICP) stands out by taking the internet to the blockchain. Designed to extend the capabilities of decentralised networks, ICP allows developers to build Web3 applications that rival traditional web apps in speed, security, and usability. Its advanced cryptographic protocols and unique consensus mechanisms enable truly decentralised services that redefine the user experience. By merging blockchain with internet-scale functionality, ICP addresses the gaps in scalability and decentralisation. This blend of innovation and practicality positions ICP as a strong contender for anyone seeking long-term potential in the cryptocurrency space, which is why it deserves its spot in this list. Conclusion: Why Qubetics is Leading the Pack Based on the latest research, the hottest altcoins to join this year are Qubetics ($TICS), Immutable X, and ICP. Each offers something unique, but Qubetics stands out with its bold vision for interoperability and its rapidly advancing presale. With $TICS tokens currently priced at $0.045 and over $8.9M already raised, the window to join early is narrowing. Investing in Qubetics today isn’t just about riding the wave of a presale—it’s about being part of a transformative movement in blockchain technology. Whether you’re new to crypto or a seasoned investor, Qubetics offers an unmissable opportunity to step into the future. Secure your $TICS tokens now and claim your stake in a blockchain revolution. For More Information- Qubetics: https://qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
Solana is in for a massive 2025, as a series of bullish catalysts are lining up that could see it reach a four-digit valuation when the market enters its peak-euphoria phase. However, there’s a new contender in the crypto payments niche that could provide much greater returns, mimicking the golden days of Solana’s 2021 run. Let’s talk about Remittix and its intriguing premise that could revolutionize an entire industry. How Remittix Is Poised To Disrupt A $150 Trillion Market In 2017, global payments were estimated at around $150 trillion, and Remittix (RTX) is uniquely positioned to capture a significant share of this market with its innovative PayFi framework. Users will be able to instantaneously convert over 40 major cryptocurrencies into fiat, and have the funds deposited to any bank account worldwide. Remittix emerges at a point where traditional payment solutions like Stripe or Wise are becoming increasingly obsolete, as they are failing to accommodate the growing demand for comprehensive crypto-to-fiat solutions. While they support cryptocurrencies, the transfer processes are often slower and more complicated than they need to be, with hidden fees behind every movement of funds. Remittix prides itself on its transparency as it’s entirely blockchain-based, meaning that all transactions are immutably recorded and easily traceable. The protocol is designed to serve a broad audience, regardless of their banking status or local limitations they might be subject to. Additionally, businesses will also be able to leverage the Remittix Pay API, which will allow them to seamlessly integrate cryptocurrency options into their payment systems. Remittix also adopts the highest security standard, as its smart contract and a native token $RTX have been rigorously audited by established blockchain security firms, BlockSAFU and SolidProof. Furthermore, the liquidity pool and team tokens are locked for 3 years, ensuring long-term price stability and underscoring an effort to uphold user trust. The Solana Ecosystem Continues To Expand As Revenue Skyrockets Solana played a protagonist role in 2024, taking the spotlight and capturing the attention of millions of investors. Solana’s meme coin factory, Pump.fun, singlehandedly kickstarted a meme season for the ages. Projects like Dogwifhat, Popcat, and PNUT have soared to billions in valuation, driving tens of millions of revenue back into the Solana ecosystem. In November alone, Solana recorded a staggering $92 million in revenue, with its dApps generating over $365 million. These numbers highlight Solana’s position as one of the undisputed leaders in the Layer-1 landscape, and if this explosive growth continues, Ethereum could see its dominance threatened relatively soon. In addition to this, Solana also recently added over $1 billion in stablecoins to its Total Value Locked (TVL), which now amounts to more than $5 billion, a remarkable milestone. In terms of price action, Solana is retesting lower support levels and is now headed toward $210. On the daily timeframe, Solana experienced a 1.7% intraday decline, and its daily volume dropped by 12.5%, with $2.4 billion worth of SOL changing hands on trading platforms. The $RTX Presale Could Be The Best Play of 2025 The $RTX token is currently priced at $0.0185 during its presale phase, and over $1.6 million has been raised in just a few weeks, highlighting enormous investor interest. As this cross-border payment project enters a trillion-dollar market, analysts expect an 800% increase by the end of the presale alone. Once $RTX is available for trading and listings on major exchanges are finalized, early buyers could see a repeat of Solana’s legendary 100x run when the bull market is in full swing. Join the Remittix (RTX) presale and community: Join Remittix (RTX) Presale Join the Remittix (RTX) Community