Floki is expected to rally towards new all-time highs soon. Elliott Wave Theory predicts a five-wave movement post-correction. Continue Reading: Expert Predicts Floki Token’s Surge Towards New Heights The post Expert Predicts Floki Token’s Surge Towards New Heights appeared first on COINTURK NEWS .
It is 2025, another crypto market year for all crypto enthusiasts and investors. As the case has always…
In a recent development within the cryptocurrency exchange space, Binance has officially announced the delisting of several spot trading pairs. Effective January 10, 2025, at 11:00 (UTC+8), the trading pairs
The post CoinSwitch Announces ₹600 Crore Recovery Plan for WazirX Hack Victims appeared first on Coinpedia Fintech News CoinSwitch, one of India’s largest cryptocurrency trading platforms, has announced a ₹600 crore recovery plan to help the nation’s struggling crypto users. This coalition intends to support over 4 million users who were adversely impacted by the WazirX hack that occurred in July 2024, in which the exchange lost $230 million . Protection for the Sufferers of the Grand Theft The WazirX WazirX - legal@wazirx.com Centralised Exchange Crypto trading and Information security breach brought down about 45% of the entire crypto assets of the exchange and made the users unhappy. The most important element of the recovery plan developed by coinswitch coinswitch - Centralised Exchange is to enable victims to reclaim their funds, receive some of the rewards, and get back into the cryptocurrency trading business. The program , which is being run completely from scratch with the funds that CoinSwitch has on its balance, speaks about the sincere desire of the platform to create trust in the Indian crypto market . The crypto exchange CoinSwitch which has recently garnered investments from Andreessen Horowitz, Tiger Global, and Coinbase Ventures has $300 million in its funding pool and has registered over 20 million users. Staples of the Recovery Program The ₹600-crore recovery plan, valid for 24 months, offers affected WazirX users: Upfront signup rewards: On this basis, qualified users will be able to earn up to 10 per cent of the deposited funds within 2 years. Referral benefits: This is good news to users as it means they can be able to reclaim up to 5% of the deposited amount, by providing information to other victims of the hack. Revenue redistribution: The trading revenues that will result from the program will be collective trade that will be recovered proportionally in different user losses. Accordingly, the users of the platform must produce their WazirX account balance statements to validate their statements. CoinSwitch will keep track of such losses, compute them, and disburse them. Co-founder of CoinSwitch Ashish Singhal stated that the company continues working to support the crypto community even in the moments it is under pressure. He said, Once WazirX starts allowing withdrawals from crypto, such claims can be analyzed, AUM ascertained and the subsequent rewards calculated. The exchange platform that hosts 33% of Indian crypto consumers noted that 87% of its consumers contribute roughly 8% towards claims on any of the platforms it has. However, the exchange said that it incurred a loss of more than ₹1,900 crore because of the hack. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : CoinDCX Users Slam Exchange Over Withdrawal Restrictions and Delayed Support , This relief, CoinSwitch expects users to regain within 6-8 months of WazirX unlocking funds. The initiative also takes place at the time of a new wave of cryptocurrencies with Bitcoin prices having reached their record level. The recovery program is in itself extremely crucial for bringing back the investors’ confidence in the Indian crypto market. 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Dogecoin (DOGE) led losses among crypto majors as bitcoin (BTC) slid to nearly $96,000, a dump attributed to fresh economic data that sent U.S. treasury yields soaring. DOGE plunged 10%, with Solana’s SOL, Cardano’s ADA, BNB Chain’s BNB and ether (ETH) down at least 7%. Bitcoin fell 5.5%, while the broad-based CoinDesk 20 (CD20) , a liquid index tracking the largest tokens by market cap, fell 7.1%. Crypto-tracked futures betting on higher prices saw liquidation of $560 million, data shows , setting a relatively high level at the start of the year. Losses in crypto tracked those in U.S. stocks. The latest Institute for Supply Management (ISM) report on U.S. service providers was stronger than anticipated, with the prices-paid measure reaching its highest point since early 2023. Concurrently, U.S. job openings rose more than forecasted. These developments led to a decline in Treasury securities across various maturities, pushing the 10-year Treasury yield to its highest since May. A liquidation occurs when an exchange forcefully closes a trader's leveraged position due to the inability to meet the margin requirements. When many traders are forced to sell at the same time due to long liquidations, it creates a cycle where falling prices lead to more liquidations, which in turn causes prices to drop more. As such, market watchers consider Tuesday’s drop to be a blip in the long term. “Markets took a hit yesterday, with Bitcoin and Ethereum dropping hard, mostly because stronger-than-expected U.S. job data dimmed hopes for more rate cuts this year,” shared Vince Yang, CEO and cofounder of zkLink in a Telegram message. “It’s the kind of broader sentiment shift we’ve seen before, nothing unusual for crypto.” “That said, we are still optimistic. History shows these dips often pave the way for bigger bullish movements, especially with where we are in the market cycle now, and with a more crypto-friendly administration in the US coming in, there’s every reason to believe we’re heading for some exciting times ahead,” Yang added. Singapore-based QCP Capital, however, sticks to their view of a shaky period for crypto markets in January. “It won’t be smooth sailing into January, as structural risks loom,” QCP said in a Telegram broadcast on Wednesday. “The U.S. Treasury debt ceiling reinstatement is projected to be reinstated mid-month, requiring the Treasury to adopt "extraordinary measures" to fund government expenditures.” “This could trigger market volatility as discussions around the issue intensify,” QCP added.
XRP has experienced a major spike in profit-taking, with traders selling off over 695 million XRP worth $1.6 billion amid ongoing price stagnation. Despite increased selling, long-term holders demonstrate resilience,
Coinbase has secured a temporary pause in its legal battle with the US Securities and Exchange Commission (SEC).
COINOTAG News reports that as of January 8th, the Bhutan Economic Zone Greendnpur Mindfulness City (GMC) has officially incorporated cryptocurrencies such as BTC, ETH, and BNB into its strategic reserve
Portal enables mainstream gamers to access a wide Web3 gaming network through a single account layer, eliminating the need for bridging, swapping, or purchasing additional tokens to play. This frictionless experience aims to democratize access to Web3 gaming, ushering in a new era of inclusivity and convenience for gamers worldwide. Continue Reading: How to Buy Portal (PORTAL) Coin? The post How to Buy Portal (PORTAL) Coin? appeared first on COINTURK NEWS .
The post Regret Not Buying Ethereum (ETH) & Solana (SOL) Early On? This Altcoin Looks Primed for a Massive Price Rally in January 2025 appeared first on Coinpedia Fintech News The crypto market is one area where trailblazers are often the biggest beneficiaries. Ethereum (ETH) and Solana (SOL) are perfect examples—those who entered early have seen big returns. Nevertheless, IntelMarkets (INTL) is causing a lot of talk, and it may be one of the top crypto coins for 2025. This phase eight presale star has already soared 710%, and this number will continue rising. Since it aims to revolutionize crypto trading by launching the first AI-powered smart trading platform, experts hint it may be the next 3x token in 2025. Although market analysts like Crow and Iced have made some bold price predictions for ETH and SOL, all eyes are on INTL as it may have higher upside potential. IntelMarkets (INTL) Gains Traction As Price Surges 710% While Ethereum (ETH) and Solana (SOL) show some good price growth, IntelMarkets (INTL) is making headlines in the crypto arena. It has managed to raise over $5M in its crypto ICO event so far. Projections indicate this number reaching $10M before January ends. With over 14M INTL tokens already sold in phase eight of its presale alone, it is clear interest is high. This altcoin will power the upcoming IntelMarkets platform , which aims to become the top crypto trading platform. It will be built with AI technology supporting every layer to accomplish this. Therefore, traders will use self-learning trading robots that improve their performance over time and up to 1000x leverage on capital. These features could make IntelMarkets a fan-favorite for millions of traders. By holding the INTL token, people will get governance voting rights and up to 30% discounts on trading fees. Currently, one INTL costs just $0.073, which is a 710% rise from its starting price of $0.009. But phase nine of the presale will bring this altcoin price to $0.082. A Tier-1 CEX listing is also expected to bring INTL to $0.11. This could make INTL one of the altcoins to watch for fast returns. Crow: The Price of Ethereum (ETH) Will Hit $10,000 Ethereum (ETH) is one of the best cryptos right now. CoinMarketCap shows that its value has jumped nearly 10% in the past week alone. During that time, the Ethereum price surged from around $3,400 to over $3,600. Market analyst Crow remains bullish on Ethereum (ETH). According to his X post, this altcoin will trade at $10,000 in 2025. This Ethereum price prediction has excited many traders. However, the high market cap of the Ethereum coin, which now stands at $438B, may slow its growth. Since ETH will need a lot of new money for its price to surge, many traders are sidestepping it for tokens like INTL, which will not face this issue. Solana (SOL) Price Could Reach $300, Expert Claims As one of the top 10 altcoins, Solana (SOL) has also been showing some good price growth. On the one-week chart, the Solana price increased from around $190 to over $210. In other words, it saw over a 10% surge in just a few short days. Thanks to some bullish statements from analysts like Iced, the crypto community is excited about Solana (SOL). In a recent X post, he told his followers that this token may soar to $300 as his Solana price prediction. Nevertheless, even if the Solana crypto manages to see a price surge, many traders think its highest upswings have passed. On the YTD chart, its value has soared over 120%. This could make a lot more investors turn to INTL instead. Can IntelMarkets (INTL) Surge Like Ethereum (ETH) & Solana (SOL)? The crypto market hardly ever allows do-overs, but IntelMarkets (INTL) could be one of those rare opportunities for those who missed out on Ethereum (ETH) and Solana (SOL). In 2025, INTL is seen to become a game-changer with its groundbreaking technology, strong fundamentals and upside potential. Since it will also tap into the AI market, which could be worth $826B by 2030, as per Statista, its long-term growth potential may stand out. Due to all these factors, experts foresee a potential 3x surge in 2025 for this altcoin. For more information about IntelMarkets (INTL) visit the links below: Presale: https://intelmarkets.io/ Telegram: https://t.me/IntelMarketsOfficial Twitter: https://x.com/intel_markets