The Russian government has extended its winter ban on local crypto mining operations to six years as energy consumption in the country rises to alarming levels. About a month ago, the government ordered crypto mining entities to pause their operations for the winter season. However, the ban has now been extended. According to a report from local media Tass, the Russian Cabinet of Ministers has banned crypto mining, including local participation in mining pools, in select regions and territories from January 1, 2025, to March 15, 2031. Russia Bans Crypto Mining in Select Regions While the list of affected regions is not final, it includes areas like Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, the Donetsk Republic, the Lugansk People’s Republic, Zaporizhia, and Kherson. The ministers noted that the list remains subject to change based on the government’s decision on energy development. In addition to the ten areas, the government is temporarily prohibiting crypto mining in some territories in the Irkutsk, Buryatia, and Zabaikalsky Krai regions. These areas will refrain from engaging in mining activities during peak energy consumption periods from January 1 to March 15 in 2025 and from November 15 to March 15 in subsequent years. The Russian government’s decision stems from the need to maintain the country’s energy consumption balance. Last year, Russia became the world’s second-largest crypto miner after the United States, and since then, the country has used at least 16 billion kilowatt-hours of electricity yearly for such activities. High Energy Consumption Issue Currently, crypto mining accounts for 1.5% of Russia’s overall energy consumption, which has been challenging for regions with harsh climates. Additionally, high energy consumption has created an imbalance in electricity payments across several regions of the country. The government is working towards reducing or eliminating this imbalance. Sergey Kolobanov, deputy director of the Center for the Economy of Fuel and Energy Sectors at the Center for Strategic Research, said: The so-called interregional cross-subsidization, when the low cost of electricity in the regions of regulated contracts is de facto compensated by producers and consumers in other regions. The terms of restrictions on cryptocurrency mining are synchronized with the end of the transition period for the elimination of this benefit. Interestingly, Russia recently legalized crypto mining and introduced a mandatory registration service that allows the Federal Tax Service to obtain information on miners’ assets and crypto wallets. The post Russia Extends Regional Crypto Mining Ban to 6 Years as Energy Issues Escalate appeared first on CryptoPotato .
Daddy Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Daddy Pepe (DADDPEPE), a new Solana memecoin that was launched today, is set to explode over 11,000% in price in the coming days. This is because DADDPEPE is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Daddy Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Daddy Pepe could become the next viral memecoin. Daddy Pepe launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Daddy Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Daddy Pepe by entering its contract address – 9UFnMabUe7wecdEEzAYPoQPZiuTJ1hTFpNz6qtsiB3FA – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DADDPEPE. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Ripple seems set for another boost during the New Year’s surge as DTX Exchange makes its investors happy with a 550% upside potential in 2025. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple seems set for another boost during the New Year’s surge as DTX Exchange makes its investors happy with a 550% upside potential in 2025. Table of Contents Ripple’s XRP price recovering lost ground, trading around $2.2 DTX Exchange: ICO 90% completed Conclusion The anticipation in the cryptocurrency market toward the New Year is rising. Ripple’s XRP price has recovered its upward trend as it reduced its fall over the past week to single digits. Many indicators hint at another dramatic rise soon. With the crypto markets reaching historic highs, XRP’s price has attracted new investors. The market remains bullish about the anticipated results of Ripple’s legal proceedings and the rising adoption of XRP for cross-border use cases. The billion-dollar crypto markets are serving up an all-you-can-earn buffet to investors willing to invest thoughtfully in cryptocurrencies. An underdog contender is set to perform quite well in the next bull run, DTX Exchange (DTX). As the last moments of the year wind up, investors are lining up to buy up DTX Exchange, a new altcoin in the crypto community. DTX uses hybrid methodologies that offer users the best features of centralized and decentralized exchanges. Ripple’s XRP price recovering lost ground, trading around $2.2 In December 2024, the XRP price surged to new heights and continued until last week, when the price dropped from $2.4 to $1.99. XRP price has been up almost 200% since the US elections, after which it experienced two steep drops in December. Source: CoinMarketCap These were due to overall market drops, and XRP price dropped less than the overall market. XRP’s price has also recovered quicker so far based on its sound technical performance and bullish sentiments around its future performance. Ripple is ranked as the fourth-largest cryptocurrency according to market cap, trailing Bitcoin, Ethereum, and Tether, respectively. The expected launch of Ripple’s stablecoin, Ripple USD (RLUSD), has boosted XRP price’s positive momentum. Trading experts and technical crypto analysts are bullish on XRP’s growth prospects, with price forecasts of $5 and $7 by mid-2025 circulating. The trading technicals are also looking good, with a short-term bearish trend for the day traders, while the long-term traders are getting a buy signal at the current low prices. DTX Exchange: ICO 90% completed DTX Exchange is a promising new ICO with room for growth. In addition to its growth prospects, its future transformation of the crypto trading scene makes it a solid altcoin to hold on to. It merges features from CEX and DEX and removes the gap between TradFi and DeFi, which limits trading across these. DTX is the first crypto-native platform that allows for seamless trade of stock, forex, ETF trading, and over 100,000 currency pairs in one go. Thus, the company can grab a huge portion of the online trading platform market, With its smart approach to asset trading, DTX Exchange (DTX) is innovating the crypto industry. It uses blockchain technology to democratize real assets and convert them into digital tokens. This removes investment barriers and enhances liquidity in previously inaccessible marketplaces. Regular inventors can then trade these tokens at low costs. DTX Exchange’s presale has been amazing. After the presale began, the token’s price rose by over 500% from $0.02 to $0.12 in Stage 6. Conclusion For other investors who would like to mirror the success of the current Ripple millionaires, then DTX Exchange is a great option. Its presale is currently moving very quickly, with an expected official launch next year in Q1 2025. DTX could be the next big crypto, providing early backers with life-changing returns. For more information, visit the DTX Exchange presale website and join the online community. Read more: Massive crash wipes $2 billion in Solana longs but DTX Exchange continues to new highs Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
The post Kraken and SEC File Joint Stipulation in Ongoing Discovery Dispute appeared first on Coinpedia Fintech News In the latest development, crypto exchange Kraken and the US SEC have filed a joint stipulation and proposed order. The action comes as Kraken plans to file an objection to a recent order issued in favor of the SEC. According to a court filing dated December 23, the plaintiff US SEC and defendants Payward Inc and Payward Ventures (together, crypto exchange Kraken) have submitted a stipulation. Parties File Joint Statement On November 19, 2024, the Parties filed a joint statement regarding a discovery dispute concerning the SEC’s objections to Kraken’s requests for three categories of documents concerning: Bitcoin and Ether, the SEC’s public statements and testimony regarding digital assets, and the SEC’s internal trading policies on digital assets, However, in November, the court referred discovery disputes and all further discovery in this case to Magistrate Judge Robert M. Illman, who subsequently denied Kraken’s request to compel the production of the discovery. Despite this, Kraken believes that the documents are relevant to the case. SEC, Kraken Agree To Stay Deadline While the deadline to file objections to the order is December 30, Kraken intends to resubmit narrowed requests for production in line with the order. Notably, the US SEC and Kraken have agreed to stay the deadline to file objections to the order until March 31, 2025, to discuss a further extension. Kraken is represented by prominent lawyer Matthew C. Solomon, who is known for many high-profile cases including successfully defending Ripple CEO Brad Garlinghouse in obtaining the dismissal with prejudice and successful defense of all other claims on summary judgment. Kraken requested an order to compel the SEC to produce documents explaining why Bitcoin and Ether were not included in the SEC’s complaint, despite being traded similarly to other tokens on the platform. However, the magistrate judge found Kraken’s argument “unpersuasive.” Notably, Kraken and the broader crypto industry have asserted that former SEC official William Hinman’s speech is relevant to determining the status of Bitcoin and Ether under federal securities laws. Kraken has also argued for the fair notice defense and the major questions doctrine in the lawsuit. Ripple CLO Calls For End To The Ripple vs SEC Lawsuit Recently, Ripple CLO Stuart Alderoty also called for an end to the Ripple vs SEC lawsuit. He urged the incoming Trump administration to “cleanse the lingering stain of Hinman from the agency.” “There’s much more to do to repair the damage, but let’s start by restoring trust,” he noted.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Shiba Inu whales eye Lightchain AI at $0.003, a rising altcoin poised to outshine Dogecoin and XRP in growth. Table of Contents Why Shiba Inu whales are focusing on LCAI Why LCAI Could outperform DOGE and XRP in the race to $1 Will LCAI reach $1? Here’s what experts say Comparing LCAI to DOGE and XRP Lightchain AI is set to dominate the market As the cryptocurrency market continues to evolve, Shiba Inu (SHIB) whales are now turning their attention to a new contender — Lightchain AI (LCAI). Priced at just $0.003, this emerging altcoin has garnered significant interest from investors, including major players who believe LCAI will outperform Dogecoin (DOGE) and XRP in the race to hit $1. In this article, we will explore why Lightchain AI is gaining momentum and how it could potentially eclipse these popular tokens in the near future. You might also like: Cardano and Toncoin take a backseat as Lightchain AI presale shines Why Shiba Inu whales are focusing on LCAI Shiba Inu, known for its fun rise, has had large price jumps driven by commun͏ity support and celebrity backing it. But, Lightchain AI is a coin that shows hope for long-term growth supported by fresh tech instead of only talk. This shift in investor focus from SHIB big players to LCAI shows that more people are finding true worth in the crypto space. Unlike a dog that lacks great uses beyond its funny charm, and a XRP that mainly serves as a money tool LCAI mixes blocks and AI to fix many real world problems making it a more interesting choice for investing. With a tiny presale fee of just $0.003, LCAI offers great chances for profit especially when compared with more popular tokens like DOGE and XRP. For an investor the current presale time of LCAI shows a unique chance to join a plan at its start with large growth likely as AI keeps changing areas all around the world. Why LCAI Could outperform DOGE and XRP in the race to $1 While XRP has seen significant price action based on its utility in the cross-border payments market and DOGE remains a beloved meme coin, Lightchain AI has the potential to outperform them both for several reasons. Technological Disruption: LCAI is leveraging the power of artificial intelligence and blockchain, making it one of the few projects positioned at the intersection of two rapidly growing sectors. Market Demand for AI Solutions: As industries increasingly adopt AI technologies, LCAI’s ability to power decentralized AI applications gives it a competitive edge in terms of both real-world utility and scalability. Strong Long-Term Vision: With key milestones on its roadmap, including the mainnet launch and increasing integration with various sectors, LCAI is poised to make a lasting impact on the market, unlike many meme coins. Will LCAI reach $1? Here’s what experts say Many cryptocurrency experts believe that Lightchain AI has the potential to surpass $1 in the near future. This optimism is driven by several factors. First, LCAI’s deflationary token model reduces its circulating supply through token burns, which, combined with increasing demand, is expected to drive its price upwards. Additionally, the growing adoption of AI-powered blockchain solutions positions LCAI as a highly relevant and scalable project with real-world applications that go beyond traditional cryptocurrencies. Finally, its low entry price during the presale offers a unique opportunity for early investors to benefit from its long-term potential. Comparing LCAI to DOGE and XRP Let’s take a look at the key differences between LCAI, DOGE, and XRP. Feature Lightchain AI Dogecoin XRP Technology AI + Blockchain Meme coin Payment solution Consensus Mechanism Proof of Intelligence Proof of Stake RippleNet Market Focus AI applications Community-driven hype Cross-border payments Price Potential High (100x+) Low to moderate Moderate Tokenomics Deflationary Inflationary Inflationary Lightchain AI is set to dominate the market Lightchain AI offers a unique combination of AI-powered blockchain solutions that make it a standout player in the cryptocurrency market. As Shiba Inu whales shift their focus towards LCAI, the altcoin’s 100x potential presents a compelling investment opportunity. With a low presale price of $0.003 and a projected value of $1 by 2025, LCAI is positioned to deliver unprecedented returns. It’s time to invest early before Lightchain AI takes the market by storm. So, for those looking to invest in a project with real-world utility and long-term potential, don’t overlook Lightchain AI . Keep an eye on this emerging token as it continues to gain traction and potentially outperform DOGE and XRP in the race towards $1. To learn more about Lightchain AI, visit the website , whitepaper, X , and Telegram. Read more: Investors turn to Lightchain AI 3000x potential after PEPE drop Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Shiba Inu whales eye Lightchain AI at $0.003, a rising altcoin poised to outshine Dogecoin and XRP in growth. #partnercontent
Rumble Inc. (NASDAQ: RUM ), a video-sharing platform, made headlines this week as its stock surged over 100% on December 23, reaching $14.30. The rally comes on the back of a $775 million investment announcement from Tether, the issuer of the leading stablecoin USDT , marking Rumble’s highest close since September 2022. As of press time, Rumble’s stock is trading at $13.30, reflecting a five-day gain of 63%. On a year-to-date basis, the stock has surged an impressive 206%, reflecting heightened investor interest. Rumble year-to-date price chart. Source: Finbold Tether’s $775 million investment on Rumble The announcement revealed that Tether has agreed to purchase approximately 103.3 million shares of Rumble’s Class A Common Stock at $7.50 per share. This transaction will generate gross proceeds of $775 million, significantly strengthening Rumble’s financial position, which already benefits from holding more cash than debt. Rumble has outlined a clear plan for utilizing the funds. Of the total, $250 million will support growth initiatives aimed at enhancing platform engagement and monetization, while $525 million will finance a self-tender offer to repurchase up to 70 million shares of Class A Common Stock at the same $7.50 price offered to Tether. This tender offer is designed to provide liquidity to stockholders and reinforce shareholder value. “I truly believe Tether is the perfect partner that can put a rocket pack on the back of Rumble as we prepare for our next phase of growth.”- Chris Pavlovski, Rumble’s Chairman and CEO, Interestingly, this agreement comes shortly after Rumble’s board approved allocating a portion of its cash reserves to Bitcoin ( BTC ), with plans to purchase up to $20 million in the cryptocurrency. Revenue growth and user metrics The recent surge in Rumble’s stock price has brought renewed attention to the company, which competes with major players like YouTube and Odysee. Rumble’s revenue has shown consistent growth, with the company reporting $25.06 million for the quarter ending September 30, 2024, a 39.34% year-over-year increase. Over the past 12 months, Rumble’s revenue climbed to $85.65 million, up 6.36% compared to the prior year. The platform’s global monthly active users (MAUs) have also increased , rising to an average of 67 million in Q3 2024 from 53 million in Q2 2024. However, the average revenue per user (ARPU) dropped to $0.33 in Q3 from $0.37 in the previous quarter, indicating room for improvement in monetization. Analyst views and valuation concerns Despite the excitement surrounding Tether’s investment, questions remain about Rumble’s valuation and growth prospects. Oppenheimer analyst Jason Helfstein notes that while the $775 million equity investment strengthens Rumble’s balance sheet and alleviates liquidity concerns, the valuation appears ahead of its current advertising and subscription revenue performance. Analysts, including Wedbush’s Scott Devitt, have revised their outlook on Rumble, raising the price target from $8 to $10 but maintaining a neutral stance on the stock. While Tether’s $775 million investment is a major vote of confidence in Rumble’s potential, the company’s ability to sustain this momentum and deliver on its growth plans will be closely watched by investors. Featured image from Shutterstock. The post Here’s what’s happening with Rumble (RUM) stock this week appeared first on Finbold .
Coinbase, the third-largest centralized exchange (CEX) by trading volume, has released a crypto market outlook highlighting the five top areas to watch in 2025: stablecoins, tokenization, crypto exchange-traded funds (ETFs), decentralized finance (DeFi), and crypto regulation. Stablecoins are the first crypto product to find product-market fit (PMF) and have exploded this year. According to DefiLlama data , the sector’s market cap increased by over 50%, from $130.5 billion in January to $204.5 billion in December. Coinbase analysts estimate that stablecoins have facilitated over $27 trillion in transactions year-to-date (YTD), three times the volume processed last year. As adoption increases, they believe stablecoins' primary use cases will pivot from trading to global capital flows and commerce. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Qubetics Top Crypto Presale: Grab $TICS Before the Final Phase’s 20% Surge as Ethereum Eyes Rally and Algorand Strengthens What if your next investment could unlock a new realm of possibilities? The crypto market thrives on innovation and bold moves, drawing the interest of investors and enthusiasts alike. With exciting updates from Ethereum and insights into Algorand, the crypto space is buzzing with potential. However, the spotlight now turns to Qubetics ($TICS), a rising star in the blockchain arena. Known for its groundbreaking innovations, Qubetics is making waves, particularly with its presale, which has investors eagerly watching every phase. This article will cover updates on Ethereum, Algorand, and Qubetics’ thrilling journey, where a top crypto presale is redefining the game. Revolutionising Privacy: Qubetics Introduces Decentralised VPN In a world of increasingly compromised privacy, Qubetics ($TICS) is stepping up with a revolutionary decentralised VPN (dVPN) service. Unlike traditional VPNs that may track or restrict data, Qubetics’ dVPN leverages blockchain technology to provide unmatched transparency and privacy. Operating on a peer-to-peer network, it eliminates centralised control, ensuring user traffic and data are fully safeguarded. But what sets this dVPN apart? For one, it rewards participants with $TICS tokens, creating an incentivised bandwidth-sharing ecosystem. Imagine browsing securely with multi-hop routing and encryption, knowing your data remains anonymous. This decentralised infrastructure enhances internet access and builds trust in a world that increasingly values digital freedom. Recently, Qubetics held an AMA session, addressing community questions about its innovations, further solidifying its role as a leader in Web3 development. With a strong emphasis on privacy and security, Qubetics dVPN is already positioning itself as a game-changer in the blockchain sector, making it a vital part of the top crypto presale ecosystem. Qubetics Presale: A Profitable Opportunity to Secure $TICS Tokens The Qubetics presale is generating unparalleled excitement, and for good reason. Now in Phase 14, this top crypto presale offers a unique structure with weekly price increases. Starting at just $0.037, the token price has already seen significant momentum, with over $7.7 million raised, 374 million tokens sold, and a thriving base of more than 11,700 holders. What makes this presale particularly compelling is its dynamic pricing strategy. Each weekly phase brings a 10% price hike, culminating in a 20% increase in the final stage. Investors who join early gain the advantage of securing $TICS tokens at their lowest prices, positioning themselves for substantial returns as the presale progresses. As the numbers climb, the growing enthusiasm reflects the immense potential of Qubetics’ ecosystem. This presale is your moment to act if you’re seeking a transformative opportunity in the blockchain sector. Ethereum: Preparing for a 2025 Rally Ethereum’s performance has been scrutinised after a 17% drop last week. Despite this, analysts see a bright horizon, with predictions of a significant rally in 2025. Key bullish metrics are Driving this optimism, including moderately positive funding rates and an increased Korea Premium Index, highlighting growing demand from South Korean markets. Adding intrigue to Ethereum’s narrative is a high-stakes gamble by North Korean hackers that resulted in a $458,000 loss. While this episode underscores Ethereum’s price volatility, the fundamentals remain strong. Institutional and retail investors alike are showing renewed confidence, increasing Ethereum fund holdings even amid the dip. Could this signal the perfect entry point before Ethereum’s next big surge? Algorand: Building a Greener Blockchain Future Known for its eco-friendly approach, Algorand continues to stand out as a leader in sustainability. The platform’s commitment to a carbon-negative blockchain aligns with global efforts to combat climate change. Its unique proof-of-stake mechanism reduces energy consumption and ensures scalability and efficiency. With a growing community and expanding use cases in decentralised finance, Algorand is cementing its place as a reliable option for investors seeking long-term potential. As the crypto market evolves, Algorand’s blend of innovation and environmental responsibility positions it as a noteworthy contender. Qubetics Partners with SWFT Blockchain for Wallet Innovation Qubetics has announced a groundbreaking partnership with SWFT Blockchain, aimed at redefining blockchain transactions through an innovative wallet. This collaboration combines Qubetics’ visionary approach with SWFT Blockchain’s expertise, delivering a product that sets a new standard in user experience. The Qubetics Wallet enables seamless, cross-chain transactions, allowing users to manage multiple cryptocurrencies effortlessly. With advanced encryption and multi-asset compatibility, the wallet offers unmatched security and convenience. Whether you’re swapping tokens or managing a diverse portfolio, the wallet provides a streamlined and efficient solution. This partnership is more than technological—it represents a shared vision for the future of decentralised finance. By merging their strengths, Qubetics and SWFT Blockchain are setting a bold precedent, making the Qubetics Wallet an essential tool for new and experienced crypto enthusiasts. Conclusion: A Future Shaped by Innovation As we look to the future of cryptocurrency, Ethereum, Algorand, and Qubetics, each offer unique opportunities. Ethereum’s potential rally in 2025 and Algorand’s sustainable initiatives show the diversity of this vibrant market. However, the excitement surrounding Qubetics and its top crypto presale is hard to overlook. With $TICS tokens driving innovation across decentralised services and a presale structure that rewards early adopters, Qubetics is more than a promising project—it’s a movement redefining blockchain’s potential. The time to act is now; secure your $TICS tokens today and be part of the revolution shaping tomorrow’s digital economy. For More Information: Qubetics: https://qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://twitter.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 .