Kenya is set to introduce legislation that would permit the use of cryptocurrencies. Kenyans Retain Interest in Crypto Despite Government Opposition Kenya is preparing legislation that would allow the use of cryptocurrencies, a senior official in President William Ruto’s government has said. In a statement explaining the policy shift, Kenyan Treasury Cabinet Secretary John Mbadi
Bitcoin may face declines if it falls below $90,000 support. Fartcoin is predicted to drop over 28% from its current price. Continue Reading: Bitcoin’s Future Hangs in the Balance as Key Support Levels Face Pressure The post Bitcoin’s Future Hangs in the Balance as Key Support Levels Face Pressure appeared first on COINTURK NEWS .
Bitcoin’s ( BTC ) current price cycle has the potential to culminate in an all-time high of about $300,000 in the coming months, according to observations by a cryptocurrency trading expert. Gert van Lagen noted that Bitcoin will likely hit the target by March 30, 2025, in a projection guided by the Elliott Wave Theory, a framework used to identify repetitive cycles in financial markets, he said in an X post on January 11. Bitcoin price analysis chart. Source: Subtrack/Gert Van Lagen “Bitcoin’s bull market since 2009 is projected to peak at ~$300K by March 30, 2025,” he said. If this price level is attained, it will mark a price growth of almost 220% from the current valuation, placing Bitcoin’s market cap at approximately $6 trillion. Van Lagen’s analysis categorized Bitcoin’s price journey since 2009 into five distinct waves. Each wave represents a phase of market psychology, moving through periods of euphoria, correction, and consolidation. The present phase, termed the “blow-off wave,” has been unfolding since 2019. Historically, these blow-off waves have exhibited steep upward trends, forming angles of at least 78 degrees on logarithmic charts, a recurring indicator of a market’s final explosive rally. The concept of Bitcoin blocks also plays a crucial role in this forecast. Bitcoin blocks are units of data added to the blockchain roughly every ten minutes. Van Lagen’s analysis identified block 890,000 as a critical marker where the blow-off wave is projected to peak. The network has reached block 878,654 (as of January 10, 2025), leaving approximately 79 days until block 890,000 is mined. This timeline aligns with a projected price of $300,000, corresponding to the upper boundary of a long-term trendline that has guided Bitcoin’s price movement for over a decade. What next for Bitcoin price Although the target of $300,000 sounds ambitious, prominent cryptocurrency analyst Ali Martinez has offered a more realistic prediction of Bitcoin hitting $140,000. In an X post on January 11, Martinez pointed out that Bitcoin could be forming a bull pennant, a bullish continuation signal. This formation, marked by consolidation after an upward surge, hints at a breakout toward $140,000 if resistance near $100,000 is breached. Bitcoin price analysis chart. Source: TradingView/Ali_charts Additionally, Fibonacci extensions support targets between $115,000 and $140,000, challenging bearish expectations. Indeed, the $140,000 target closely aligns with another projection by prominent online trading expert TradingShot , who noted that Bitcoin is forming a similar pattern witnessed in early 2024, suggesting the digital currency could peak at $150,000 soon. It’s worth noting Bitcoin has experienced significant volatility in the past week after briefly touching the $102,000 mark. Despite this volatility, Bitcoin has maintained its price above the crucial $90,000 support. Amid the current bearish sentiment, a section of the market expects the maiden cryptocurrency to nearly double this year, driven by hopes of clearer regulations under the Donald Trump administration. However, uncertainty over the Federal Reserve’s rate cut trajectory could pose challenges after offering a hawkish outlook for 2025. The Fed has hinted at fewer cuts than anticipated, tempering optimism as rate cuts historically support Bitcoin, while hikes tend to weigh its price. Bitcoin price analysis Bitcoin was trading at $94,401 by press time, having made modest gains of about 0.12% in the last 24 hours. On the weekly chart, BTC has plunged over 7%. Bitcoin seven-day price chart. Source: Finbold At the current valuation, Bitcoin is showing bearish sentiments in the short term, considering the asset’s price is slightly below its 50-day simple moving average ( SMA ) of $96,585 but well above the 200-day SMA of $73,592, indicating long-term bullish momentum. The 14-day relative strength index ( RSI ) of 47.01 shows neutral momentum, while moderate volatility at 3.62% suggests stable price movement. Despite a bearish sentiment, the Fear & Greed Index at 69 (Greed) reflects market optimism around Bitcoin. Featured image via Shutterstock The post This historical pattern sets date when Bitcoin will hit $300,000 appeared first on Finbold .
The volatile landscape of cryptocurrency continues as Shiba Inu (SHIB) treads near critical support levels amidst recent market sell-offs. Investors have been on alert, with significant declines observed across many
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rollblock, Solana, and Ripple lead 2025 crypto trends, with RBLK’s GambleFi platform stealing the spotlight. Table of Contents Rollblock surpasses $8.4 Million raised during presale Solana continues to focus on scalability Ripple sees successful launch of new stablecoin Rollblock shines bright in 2025 As 2025 shapes up to be a huge year for crypto, Rollblock (RBLK) , Solana (SOL), and Ripple (XRP) are emerging as standout contenders. While Solana and Ripple remain favorites due to their robust ecosystems and scalability, Rollblock is rapidly capturing attention with its innovative GambleFi platform. Rollblock surpasses $8.4 Million raised during presale Rollblock has taken the online gaming world by storm, addressing the longstanding issues of fraud and trust in the $450 billion iGaming industry. Leveraging Ethereum’s resilient tried and tested blockchain infrastructure, Rollblock ensures every transaction and bet is securely recorded, making tampering or manipulation impossible. This transparent approach has made the platform popular with players and investors. Rollblock features a diverse selection of over 7000 games from live casino classics like Texas hold’em and blackjack to virtual reality experiences such as “Skybound Racers” and “Jungle Heist”. Its sportsbook is also booming, and wagers topped $1.75 million in December alone. Rollblock comes kitted out with a deflationary revenue-sharing model, which promotes long-term holding while promoting the ecosystem’s growth over time. Up to 30% of the platform’s weekly profits are used to repurchase RBLK tokens, with 60% burned to reduce supply and 40% distributed to staking participants as passive income. Priced at $0.045 in stage 9 of its presale, Rollblock has raised nearly $8.5 million and is on track to achieve an explosive 800% gain during the presale alone, according to analysts. You might also like: Cryptos to buy in 2025: Ethereum, XRP, Rollblock, Solana, Pepe, and Shiba Inu Solana continues to focus on scalability The high-speed transactions and low fees that developers and investors strive for continue to make Solana a perennial favorite, and a few key updates in recent months have only strengthened that standing. Solana’s recent Turbine 2.0 upgrade has significantly increased Solana’s scalability while maintaining performance. This came off the back of the release of Solana’s swanky new validator client Firedancer. This alternative validator client massively improved Solana’s transaction-handling capabilities while making Solana more accessible to developers. Solana is down 13% in the last month but its technological prowess should put Solana in good shape for growth in 2025. Ripple sees successful launch of new stablecoin Ripple has recently launched RLUSD, a stablecoin pegged to the U.S. dollar, which has enhanced Ripple’s digital payment platform by providing a stable and reliable digital asset for transactions. RLUSD is initially available on exchanges such as MoonPay, Archax, and CoinMENA, with plans for broader availability. Joining the RLUSD advisory board is Kenneth Montgomery, former first vice president and chief operating officer of the Federal Reserve Bank of Boston, which will provide regulatory, financial and operational direction. This puts Ripple in direct competition with established stablecoins like Tether and PayPal, which may draw more users to its platform while broadening Ripple’s utility. Rollblock shines bright in 2025 While Solana and Ripple remain top-tier investments due to their established ecosystems, Rollblock offers something uniquely disruptive. Its blockchain-powered casino represents something new in the DeFi and iGaming spaces, capturing the attention of both camps. With its presale skyrocketing, Rollblock is on its way to changing the GambleFi world in 2025. For more information, visit the Rollblock presale website and join the online community. Read more: Leading cryptos to buy ahead of Trump inauguration rally: XRP, Rollblock, and Cardano 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 Heritage Distilling Adopts Bitcoin Treasury Policy appeared first on Coinpedia Fintech News In a latest development, Heritage Distilling Holding Company, a leading craft distiller of innovative premium brands, has announced the adoption of a Bitcoin Treasury Policy. This policy is part of a broader corporate sales and treasury diversification strategy which will enable the Company to lead the craft spirits industry in accepting Bitcoin as payment for products through its e-commerce platform. The company will also acquire and hold Bitcoin as a strategic asset. This move follows the creation of a new committee focused on technology and cryptocurrency, chaired by Matt Swann. Notably, this makes Heritage the first publicly traded spirits company to integrate Bitcoin into its business model. Heritage Distilling believes its lower production costs compared to retail prices provide a cushion against Bitcoin price fluctuations. This allows the company to accept Bitcoin as payment while minimizing risk, unlike traditional investors who buy Bitcoin with fiat currency. It explained that since the cost of producing goods is lower than their retail value, the company has a built-in margin that protects it against Bitcoin price fluctuations. This margin, combined with the potential for Bitcoin to increase in value, outweighs the risk of Bitcoin’s price falling. “The benefits of attracting a new set of buyers, consumers and fans along with the margin cushion the Company can create, coupled with the potential to see bitcoin increase in value, more than offsets the risk of loss if the price of bitcoin were to fall at any one time or over a given period of time,” the company’s policy statement noted.
One of the world’s largest financial hubs just passed a law giving police the authority to freeze citizens’ bank accounts. Lawmakers in Singapore approved the legislation on Tuesday, which gives police the power to freeze accounts in a last-ditch effort to stop scammers, reports CNA. The new “Protection from Scams” bill allows police to order banks to suspend transactions for people suspected of falling victim to a scam. “These restriction orders will suspend money transfers, the use of ATM facilities and all credit facilities, although individuals will still be provided access to their monies for daily living expenses.” The restrictions can last for as long as 30 days and be renewed up to five times, reportedly so that officers can have time to convince victims they are being misled. Despite concerns about personal freedoms and operational challenges, members of Parliament unanimously passed the legislation. The law applies to major banks but can be extended to other financial institutions if needed. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Police Allowed To Freeze Bank Accounts As New ‘Last Resort’ Law Targets Scammers – Here’s Where It’s Happening appeared first on The Daily Hodl .
The altcoin market was on a red-hot streak the previous week, with large-cap assets like Cardano, Solana, and Dogecoin posting double-digit profits. However, the past week’s action has been a brutal opposite of the one preceding it, with the Cardano price declining recently by as much as it gained in the previous week. However, the cryptocurrency seems to be recovering nicely, with the ADA price now stabilizing above the $0.9 mark. The question, though, is — how soon could the Cardano price return above the psychological $1 level? Here’s How ADA Price Could Reclaim $1 Ali Martinez, a top crypto analyst on the social media platform X, has shared an exciting analysis of the price of Cardano in the short term. According to the popular pundit, the altcoin’s value could return to above the $1 mark over the next few days. Related Reading: Bitcoin Price Unravels 157-Day Fractal Similar To Last Cycle, Why A Surge To $169,000 Is Possible The rationale behind this bullish projection is the formation of a bull pennant pattern on the one-hour price chart. A bull pennant is a pattern used in technical analysis marked by a price jump (the flagpole) before a consolidation range with converging trend lines (the pennant), which is followed by a price breakout in the same direction as the initial flagpole. Typically, the bull pennant pattern serves as a continuation indicator, signaling the persistence of a price trend (usually the upward trend). The price target from the chart formation is derived by measuring and replicating the length of the initial flagpole at the end of the end of the consolidation range. As shown in the chart above, if the price of ADA successfully breaks out of the bull pennant formation, the altcoin could visit above the $1 mark again. This represents an impressive 10% surge from the current price point. Crossing above the $1 mark again might be the spark that the Cardano token needs to conjure a rally that would see it return to its all-time high price. As revealed in a recent article, recent historical patterns point to a potential rally to a new record-high price for the altcoin. Cardano Price At A Glance As of this writing, the price of ADA stands at around $0.9266, reflecting an almost 2% increase in the past day. However, this positive single-day performance did little to relieve the bleeding the altcoin has suffered in the past week. According to data from CoinGecko, the Cardano price is down by over 15% in the last seven days. Related Reading: SUI Defies Odds With A Sharp Rebound Above $4.9: New Highs Loom? Featured image from iStock, chart from TradingView
Heritage Distillers has announced that it will begin to accept Bitcoin for payments and treasury use. Washington-based Heritage Distillers made the announcement on January 10, announcing it as part of its treasury policy. The company also mentioned that it will use its e-commerce website to offset all purchases via Bitcoin. The feat makes Heritage Distillers the first publicly traded spirits firm to infuse Bitcoin into its business model. According to the company’s statement , the company noted that it will accept Bitcoin as a form of payment, knowing fully well that the price of the asset may drop at any time. Heritage Distillers sees Bitcoin’s potential According to the Heritage Distillers’ statement, it wants to explore the likelihood of attracting new customers, noting that Bitcoin’s potential will offset the risk of its loss. “The benefits of attracting a new set of buyers, consumers, and fans, along with the margin cushion the Company can create, coupled with the potential to see Bitcoin increase in value, more than offsets the risk of loss,” the policy reads. Heritage Distillers CEO Justin Stiefel said that the company has always been leading the way in the industry, noting that it is doing so with the adoption of Bitcoin. “Heritage has always been an innovator and once again we are leading the way in the craft spirits space as we prepare to accept bitcoin as a form of payment for online e-commerce sales and to acquire and hold bitcoin as an asset,” he said. The website notes that the option will be available soon. With the adoption of its Bitcoin policy statement, Heritage Distillers’ technology and cryptocurrency committee is expected to come up with a Bitcoin treasury policy that will be approved by its board. Once the policy is approved, it will begin to use Bitcoin in its daily business, including using the asset to offset vendor payments. The company formed its technology and cryptocurrency committee after the appointment of former Nubank CTO Matt Swann to its Board of Directors. Reacting to the policy statement, Chairman of the committee Matt Swann shared his delight, noting that it is a wise choice since Bitcoin is still in its early stages. “I am excited to lead this committee as we prepare Heritage to begin accepting Bitcoin as a form of payment and acquiring or holding Bitcoin as a company asset. The growth of bitcoin is still in its early stages and the opportunity for companies to accept bitcoin as payment is substantial,” he said. Corporate Bitcoin adoption grows as firms follow in Microstrategy’s footsteps The adoption of Bitcoin, especially as a treasury asset, has found appeal among corporations in the United States. Microstrategy, the pioneer of the movement, started its Bitcoin journey in 2020 as part of its strategy to deliver high returns to its shareholders. The company has also argued that the asset is a better hedge than most assets against inflation. Microstrategy currently holds 447,470 Bitcoins, with its CEO, Michael Saylor still with the hunger to purchase more. Its cache is worth $42.4 billion, putting the price of each token at $94,781. Other companies have also started to pick up bits of the asset as its price continues to increase. According to HODL15Capital, the top 70 publicly traded companies hold a cumulative 597,644 Bitcoins. Microstrategy leads the pack, with firms like Marathon Digital , Hut8, and Riot Platforms holding large caches. Smaller firms have also been taking a page out of the Microstrategy Bitcoin playbook, racking up their numbers steadily. In November 2024, Healthcare group Cosmos Health announced its plans to form a Bitcoin and Ethereum treasury reserve. The company highlighted its value, seeing it as the future of money. Acrux Pharmaceutical also sanctioned the purchase of $1 million worth of Bitcoin in the same month, with Worksport announcing plans to acquire Bitcoin and XRP with the excess from its operational cost. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap