The post US Postal Service Halts China Shipments: What It Means for the Crypto Market appeared first on Coinpedia Fintech News The increasing fear that has been driving the US market, since President Donald Trump focused on Tariff trade wars to help deliver on his campaign promises, has trickled down to the crypto market. The Bitcoin’s fear and greed index has dropped from over 70 percent, denoting greed, to around 50 percent, suggesting rising fear of further capitulation ahead. As Coinpedia reported, Bitcoin price faces a potential drop to the support level of around $91k again after being rejected above $102k in the last two days. With the altcoin industry already showing a higher positive correlation with Bitcoin’s price action, it is safe to assume that the entire crypto market faces further short-term weakening. US Postal Service Disrupts Parcel Delivery from China As the Trump administration seeks to counter drug trafficking from China to the United States, the U.S. Postal Service announced it will temporarily suspend international package acceptance from China and Hong Kong posts, effective February 4, 2025. However, the US Postal Service will continue to enable the flow of letters and flats from China and Hong Kong. Impact on the Crypto Market The US Postal Service has been a major enabler of business expansion between China and the United States, more so in the e-commerce sector, during the past few years. In 2024, there were 4 million packages worth less than $800 per day from China. The latest temporary suspension of international package acceptance from China and Hong Kong will heavily impact e-commerce giants led by Shein and Temu. Already, the use of digital assets in the China-US trade had gained significant momentum. Moreover, the methods of payment between merchants and customers of the two nations include PayPal, Visa, Apple Pay, MasterCard, and Google Pay, among others, which have heavily adopted digital assets.
There are just over two months left until the next VI Crypto Summit 2025, and
COINOTAG reported on February 5th that the latest data from CryptoQuant indicates a significant trend for Bitcoin, as its funding rate has dipped into negative territory for the seventh time
Huge overnight inflows to XRP and Ethereum suggest bulls are not done
In a recent video clip shared by XRPDAILY, Ripple Chairman Chris Larsen showcased a groundbreaking demonstration of instant Bitcoin (BTC) transfers over the XRP Ledger (XRPL). This demonstration underscores XRPL’s multi-currency capabilities and interoperability, proving that Bitcoin can be transacted seamlessly without the delays associated with its native blockchain . Chris Larsen sends Bitcoin instantly over the XRPL. pic.twitter.com/qkAWdBweKz — XRPDAILY (@XRPXLMVERSE) February 4, 2025 Bitcoin Transactions on the XRP Ledger Bitcoin transactions traditionally rely on the Proof-of-Work (PoW) consensus mechanism, which requires miners to validate transactions—a process that can take up to 10 minutes for a single confirmation. However, Larsen’s demonstration proved that Bitcoin can be sent instantly using XRPL’s decentralized exchange (DEX) and pathfinding feature. During the demonstration, Larsen accessed his Ripple wallet, which held Bitcoin balances. Unlike traditional wallets that send BTC over the Bitcoin network, Ripple wallets utilize the XRP Ledger’s advanced interoperability features, allowing users to send multiple currencies—including BTC—efficiently. How the Instant BTC Transfer Works on XRPL Selecting Bitcoin for Transfer: Larsen initiated the transaction by choosing Bitcoin from his Ripple wallet. Pathfinding and Transaction Routing: The XRPL system automatically calculates the best available path for the transaction. The XRP Ledger boasts a distinctive feature that facilitates effortless conversion and transfer of various assets, ensuring a seamless user experience. Consensus Mechanism for Instant Settlement: Unlike Bitcoin’s energy-intensive mining process, the XRPL utilizes a Federated Consensus Model to validate transactions and enable instant settlement. This means that transactions do not require energy-intensive mining but are validated by a trusted network of nodes. Once consensus was reached, the Bitcoin transfer was instantly confirmed—bypassing the usual 10-minute delay of the Bitcoin network. Finalization of the Bitcoin Transfer : The Bitcoin transaction was completed off the Bitcoin network, leveraging XRPL’s interoperability. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Why This Demonstration Is Significant Larsen’s demonstration highlights XRPL’s position as a leading blockchain for cross-currency transactions and interoperability. The key benefits of using XRPL for Bitcoin transfers include: Instant Settlement: Bitcoin transactions on XRPL are executed in seconds rather than minutes. Lower Transaction Costs: XRPL’s efficient consensus model minimizes fees compared to Bitcoin’s mining fees. Multi-Currency Support: Using a single wallet, Users can hold and transfer multiple assets, including BTC, USD, and stablecoins. Decentralized Exchange (DEX): XRPL’s built-in DEX allows users to trade and transfer assets without relying on third-party intermediaries. The Future of Cross-Chain Transactions Chris Larsen’s demonstration is a significant step toward a more interconnected blockchain ecosystem. The evolution of blockchain technology will rely on solutions like XRPL’s multi-currency interoperability, which facilitates smooth and efficient transactions between diverse networks This innovation will allow Bitcoin users to enjoy faster, more cost-effective transactions without being limited by the constraints of the Bitcoin network. The ability to send Bitcoin instantly over XRPL reinforces Ripple’s vision of a highly efficient, scalable, and interoperable financial ecosystem, further strengthening XRPL’s role in global finance. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple Chairman Chris Larsen Sends Bitcoin Instantly Over the XRP Ledger appeared first on Times Tabloid .
Bitcoin struggles to hold above $100,000 amidst market uncertainty. Recent trends indicate significant downward pressure on Bitcoin’s price. Continue Reading: Bitcoin Struggles to Maintain Momentum as Market Uncertainty Grows The post Bitcoin Struggles to Maintain Momentum as Market Uncertainty Grows appeared first on COINTURK NEWS .
The post Bybit Registers with India’s FIU, Eyes Full License In A Week appeared first on Coinpedia Fintech News Bybit, one of the world’s largest crypto exchanges, has taken a major step toward resuming full operations in India. The company has successfully registered with India’s Financial Intelligence Unit (FIU), clearing a significant regulatory hurdle after past compliance issues. Bybit Secures FIU Registration On February 5, Bybit announced that it had officially registered with India’s FIU, a critical requirement for any financial entity operating in the region. Vikas Gupta, Bybit’s country manager for India, expressed confidence in the process, stating that the exchange expects to secure its full operational license in the coming weeks. This comes after the exchange faced regulatory trouble, leading to a temporary halt of its services in India last month. As part of the registration process, Bybit has to pay a fine of $1.06 million for previous violations under the Prevention of Money Laundering Act (PMLA) of 2005. With this settlement, the company has effectively resolved all outstanding compliance issues, paving the way for a smoother regulatory path ahead. The exchange even ensured its commitment to working closely with Indian authorities, guaranteeing full compliance with the country’s financial laws. Pursuing a VDASP License Beyond its FIU registration, Bybit is aiming for a Virtual Digital Asset Service Provider (VDASP) license, which would allow it to fully operate in India’s crypto market. The exchange submitted its application for VDASP registration on June 26, 2024, and is now awaiting approval. This update comes shortly after Bybit suspended its services in India due to evolving regulatory concerns. However, the latest progress suggests the company is actively working toward a full comeback. India’s Strong Stance on Crypto Bybit isn’t the only crypto exchange that faced strict action from Indian authorities. Binance, KuCoin, and OKX have also encountered challenges, with tougher rules on registration and compliance. However, both Binance and KuCoin have agreed to follow India’s PMLA rules and resumed operations in the country after securing regulatory approval . These changes show that India is taking a stronger stance on regulating the crypto industry, setting clear guidelines, and penalizing those who don’t follow them.
More bullish news for crypto investors — Coinbase seizes on Trump’s pro-crypto stance and goes gloves-off against unfair crypto regulations. One crypto presale, Solaxy, which plans to upscale the Solana ecosystem, has seen major momentum following this news. On Tuesday, executives from the Coinbase exchange sent out a letter urging the OCC, Federal Reserve, and FDIC for reforms to allow crypto in traditional banking. In this context, investors are already eyeing US-made cryptos like Solana, with the potential for $SOL ETFs only further advancing the need for crypto C&E services in the future. This surge in interest in Solana has also translated into a boon for the Solaxy presale . Coinbase Calls for Crypto Banking Services in the US On Tuesday, US-based crypto exchange Coinbase sent out a letter urging federal banking regulators — the OCC, FDIC, and the Federal Reserve — to establish clear, consistent, and fair rulings and allow banks to offer custody and execution (C&E) services. According to Coinbase, C&E providers have been blocked from partnering with banks because of inconsistent and vague guidelines. This legal hurdle stifled innovation and crypto adoption, but a regulatory overhaul could finally bridge the gap between crypto and traditional financial services in the US. If this request is met, it would make crypto more accessible to everyday users and boost liquidity in the crypto market. Considering Trump’s pro-crypto leadership, Coinbase’s plea couldn’t be more perfectly timed. The President’s appointment of David Sacks as the White House ‘AI and Crypto Czar,’ and the change in SEC leadership are just two more telling signs of a positive shift in the US crypto market. Moreover, the potential introduction of Made-in-USA crypto ETFs could further speed up this process. With $SOL being the second-largest US cryptocurrency by market cap, Solana-focused project, Solaxy, is positioned for growth in 2025 and beyond. That’s because, as crypto adoption booms, Solaxy’s Layer-2 Solana chain could provide the perfect platform for high-volume use cases like bundled transactions and DeFi services. Solaxy to Turbo-Charge the US’s Solana Blockchain Solaxy ($SOL) is a new cryptocurrency project based on Ethereum that aims to tap into that blockchain’s liquidity to build a Solana Layer 2. The establishment of the Solaxy blockchain will ensure speedy transactions and low slippage, but without Ethereum’s hefty gas fees. According to the project’s whitepaper , this L2 will supercharge trading on Solana, solving the main blockchain’s pain points like network congestion, downtimes, failed transactions, and scalability limitations. This will all be made possible thanks to Solaxy’s off-chain transaction processing, which allows for better performance and easier scalability for high-volume use cases. These could include anything from ordinary crypto trading to DApps deployment, DeFi services, and other Web3 applications. It’s this versatility and the fact that Solaxy bridges two of the major blockchains that give the project great future gains potential, and the market seems to agree. The project is still in presale, with the token and blockchain coming after the initial coin offering ends. However, $SOLX now sells for $0.001626, a 62% price increase since the presale launched in late 2024. Investors have already poured in over $18M into the project, pushing Solaxy nearly halfway to its fundraising goal in record time. And the presale momentum is only picking up, with one whale recently picking up as much as $49K worth of $SOLX . The project is also gaining traction on social media, with a combined following of over 70k followers on X and Telegram . If you’re looking for a hot new utility token, now’s the time to buy Solaxy and secure a 224% staking reward. 2025 Looks Promising for Solana & US Crypto Projects President Trump’s pro-crypto approach has emboldened crypto service providers to push for regulatory changes, with Coinbase being the most recent appellant. In this context, made-in-the-USA cryptos and upcoming utility projects like Solaxy could enjoy huge potential gains. Our $SOLX price predictions suggest the project could be one to watch, however, it’s still important to DYOR before investing, no matter how promising the market sentiment seems. This article doesn’t provide financial advice, and crypto remains prone to wild swings, so always look twice before you leap.
India’s financial regulator has fined Bybit $1 million for failing to register under the Prevention of Money Laundering Act, leaving its compliance status unclear.
Bitcoin (BTC) has long been the standard for cryptocurrency investments, while Ripple (XRP) dominates cross-border payments. However, THE OFFICIALMAGACOIN is emerging as a potential game-changer, with analysts predicting a breakout of up to 50,000%. What Makes THE OFFICIALMAGACOIN Stand Out? 1. Limited Supply for Maximum Value: With a total supply of 100 billion tokens, THE OFFICIALMAGACOIN leverages a deflationary model to ensure scarcity and drive demand. This gives it a major edge over tokens like Solana (SOL) and Kaspa (KAS), which have higher supply and more gradual demand growth. 2. Exclusive Sale Platform: THE OFFICIALMAGACOIN is only available at OFFICIALMAGACOIN , adding an exclusive appeal that many competitors lack. Unlike Solana or Optimism (OP), which are widely traded, this controlled distribution creates a sense of urgency for early investors. 3. Early-Stage Momentum: Raising $1 million within minutes, THE OFFICIALMAGACOIN has already proven its market appeal. With predictions of a 50,000% increase, it’s capturing attention as a high-potential token for investors seeking exponential returns. How It Stacks Up Against the Competition Solana (SOL, $25.01): Known for speed and scalability, but it lacks the exclusive presale advantage and early momentum of THE OFFICIALMAGACOIN. Kaspa (KAS, $0.12): A rising star in blockchain, yet its growth doesn’t match the explosive potential seen in this new token. Optimism (OP, $1.72): A solid project for scalability, but it’s overshadowed by THE OFFICIALMAGACOIN’s unique market positioning. Act Now Before It’s Too Late Analysts are calling THE OFFICIALMAGACOIN one of the most promising tokens for 2025, with unparalleled growth potential. Don’t miss this exclusive chance to invest in a token poised for a 50,000% breakout. Secure your tokens today, exclusively at OFFICIALMAGACOIN Website: officialmagacoin.com X/Twitter: https://x.com/officialMAGAx Continue Reading: 50x Growth in Sight? Why Solana & XRP Are Set for a Legendary Comeback!