The Digital Chamber has unveiled a bold agenda aimed at transforming the U.S. Securities and Exchange Commission’s (SEC) relationship with the crypto industry. This initiative comes at a pivotal moment,
The post Magic Eden And PONKE Holders Count Their Losses And Exit To Buy New $0.04 PropFi Altcoin For Stable Gains appeared first on Coinpedia Fintech News Are you ready to capitalize on an opportunity that may increase gains in your portfolio? Magic Eden (ME) and Ponke (PONKE) holders have faced huge losses that prompted them to turn to a new and lucrative PropFi altcoin that is making headlines with its advanced features and stable gains. While the rise of Ponke and the launch of Magic Eden’s ME token dominated the headlines, a new crypto coin is outpacing them rapidly in profit potential. This DeFi coin offers massive growth potential, real utility, and remarkable investor benefits, positioning it as a great investment option for stable gains. Here is why you do not want to miss this PropFi altcoin investment opportunity! >>>BUY $FXG TOKENS HERE ME Token Struggles While a New DeFi Coin Rises With a 100x Profit Potential Magic Eden’s ME token was introduced on December 10, 2024, with an airdrop valued at more than $700 million. Initially, the token traded at around $4.50 , reaching a peak of $8.26 before dropping sharply to stabilize near $5.07. More than 70,000 users acquired 69 million tokens within the first hour, but most faced issues like app glitches and claim errors . Despite the challenges, traders leveraged the volatility, with one making $586,800 in profit. Listed on mainstream exchanges, the ME Foundation attributed challenges to increased app traffic during the launch. While Magic Eden’s ME token launch drew attention, a new PropFi altcoin surpasses it with groundbreaking innovations. Its impressive presale performance makes the new crypto a better investment due to its price stability and projected 100x growth potential. ME sold at $3.84 on December 15, down 68.54% in the past week. Holders are diversifying from ME to the PropFi altcoin due to its massive profit potential. Ponke’s Potential Outpaced by a New Crypto with Superior Growth Prospects Ponke, a surging meme coin, has gained attention with its strong forecast of $10 in the coming years. Notably, Ponke’s strategic partnerships, unique narrative, and integration into NFTs and gaming platforms convinced analysts to predict massive growth. PONKE mixes nostalgia, community vibes, and blockchain gaming culture, underpinned by a filled-up development roadmap. If PONKE’s adoption increases as projected, the token could hit its ambitious price goals, transforming it into a potential hidden gem with huge profits for early investors. 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The FXGuys platform features a blend of financial tools and services designed to reward those who invest in the new crypto. FXGuys’ exclusive ecosystem thrives on driving trading volume while offering users the opportunity to explore many investment strategies. A major standout feature on this PropFi altcoin platform is the Trade2Earn program, where each trade—profitable or not—earns the $FXG tokens. The DeFi coin balance can be used for subscriptions, challenges, and funding trades, creating a rewarding and dynamic environment. The FX Guys Trader Funding Program offers increased flexibility. There are no rigid requirements or time limits for its trading challenges. On that note, traders can access powerful analytics and real-time data to execute smart investment decisions. Successful and talented traders are offered accounts funded with up to $500,000 in capital, with traders walking away with 80% of the profits they generate. With its many platform options—FXGuys Trader, MT5, cTrader, and DXtrade—traders enjoy flexibility while maximizing their profit potential and wealth-creation opportunities. FXGuys: A Stable, Lucrative DeFi Coin Offering Wealth-Building Potential If you are looking for a stable, lucrative investment that stands out in the volatile crypto market, FXGuys is the clear winner. While Magic Eden and Ponke thrive on speculation, FXGuys offers remarkable flexibility and massive growth prospects via its PropFi altcoin features. Currently, in Stage 2 of its public presale, $FXG is selling at $0.04. Investors will see a 25% profit when $FXG moves to Stage 3 at $0.05. Additionally, this DeFi coin will gain by 150% after it lists on mainstream exchanges at $0.10. With its advanced features, the new crypto offers an impressive path to wealth-building that you do not want to miss. Now is the time to invest and take full advantage of the imminent rise of this PropFi altcoin by joining the presale now! 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The Federal Reserve's rate cut led to significant losses in Bitcoin and altcoins. Trading volume increased while the overall market capitalization declined. Continue Reading: The Federal Reserve’s Rate Cut Affects Cryptocurrency Markets The post The Federal Reserve’s Rate Cut Affects Cryptocurrency Markets appeared first on COINTURK NEWS .
The acquisition supports Chainalysis’ efforts to bolster trust across various blockchains by expanding beyond investigations into prevention.
The Digital Chamber issued a crypto agenda for the incoming SEC leadership to repair its “troubled relationship” with the crypto industry.
On HODL Day, a celebration of resilience and long-term commitment, Nexo proudly announces its donation of 1 BTC (~$105K) to Brink , a leading non-profit funding Bitcoin Core development. Nexo has generously donated $105,000 to Brink , a non-profit organization dedicated to open-source Bitcoin development. Like any complex system, Bitcoin requires ongoing care and improvement to function optimally. As the network grows, so do the maintenance and development demands. Brink’s mission is to foster a thriving community of Bitcoin developers. This donation will enable them to expand their educational and mentorship programs, empowering the next generation of developers to contribute to Bitcoin’s future. Bitcoin Core development is the backbone of the Bitcoin network. By continually refining the underlying code, developers help ensure the network’s security, reliability, and scalability. Brink’s efforts in fuzz testing, bug fixing, and secure updates are crucial to maintaining Bitcoin’s strength and resilience for millions of users worldwide. 1 BTC donation covers ~7% of Brink’s $1.5M 2024 funding goal. Transaction: https://www.blockchain.com/explorer/transactions/btc/15aeb76eb864296de1e957234d2460ef94a4740bcee5bd7020900151f826c220 Nexo’s generous donation of 1 BTC to Brink represents a substantial step towards securing Bitcoin’s future. This contribution covers roughly 7% of Brink’s $1.5 million funding goal for 2024. By supporting Brink, Nexo directly empowers a global community of developers working tirelessly to enhance Bitcoin’s security and reliability. This funding will enable developers to address emerging vulnerabilities, conduct rigorous code reviews, and implement critical updates that safeguard the network. “Brink is very grateful for this 1 BTC contribution from Nexo to our developer funding efforts! The funds will be used to support our engineers’ work of securing Bitcoin software through their efforts of fuzz testing, code review, and other projects outlined in our recent annual report . Thank you Nexo! — [Mike Schmidt, Executive Director, Brink] Thanks to community donations, Brink has become a bug-hunting force, actively identifying and fixing critical vulnerabilities in the Bitcoin software. Recent disclosures on BitcoinCore.org offer a glimpse into the types of threats Brink and Bitcoin Core developers tirelessly combat, ensuring the network’s robustness for everyone. “Bitcoin Core developers are Bitcoin’s unsung guardians. By supporting their work, we help ensure that Bitcoin remains the most secure, innovative, and decentralized asset for future generations. This donation will directly fund Brink’s developers and is a testament to our shared responsibility to safeguard Bitcoin’s future. Stepping in to support critical development work that relies on contributions like these to move forward is crucial for the digital asset industry and we hope it inspires others to recognize the importance of funding Bitcoin Core development for securing the network’s future for millions worldwide.“ — [Elitsa Taskova, CPO, Nexo] This dedication to Bitcoin’s health isn’t lost on Nexo, a platform founded by “HODLers” (long-term Bitcoin believers). Nexo has a history of supporting Brink , and this HODL Day they’re making another significant contribution. This isn’t just a one-time act; Nexo is committed to Bitcoin’s future, ensuring its security for generations of HODLers to come. The collaboration between Nexo and Brink extends beyond finance. Earlier this year, they fostered a sense of community through the Bitcoin emoji initiative . This act signifies their commitment not just to Bitcoin’s security but also to its global impact.
On Thursday, the Bank of Japan (BOJ) maintained its key interest rate unchanged and refuted demands for a rate increase following Trump’s tariff fear. This includes a collapse in the yen and its slow growth just before the parliament returns to Tokyo for a pivotal session next week. According to The Japan Times , the BOJ’s decision came after a two-day policy meeting. In the meeting, analysts were split over whether rates should be raised to 0.5 percent or held at the current 0.25 percent. Markets had already begun to anticipate the BOJ’s decision, moving on to a pause. This is a cautious measure after two 2024 rate hikes ended a yearslong freeze on negative interest rates. BOJ governor will address the further moves of the bank The uncertainty was exacerbated by Trump’s threat of further tariffs on Chinese, Canadian, and Mexican goods. Promoted as a tool for preventing illegal immigration and drug trafficking, the trade strategy raises questions regarding the encouragement of the beginning of a more general attack on the global trading system. Markets are waiting for BOJ Governor Kazuo Ueda’s updates about the bank’s next moves when he addresses the decision later. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
The crypto market is not short of ambitious six-figure Bitcoin targets, and Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, known for years as a Bitcoin bull, remains optimistic about 2025. While Bitcoin has slumped after setting a new all-time high above $108,000 on Tuesday, Kiyosaki still thinks BTC can reach $350,000 next year. Robert Kiyosaki Sees $350K Bitcoin In 2025 In a post on X, Robert Kiyosaki reminded his 2.6 million followers that Donald Trump, the first-ever Bitcoin president in the United States, was reelected into office last month. During his 2024 election campaign, Trump made several crypto-related promises, including establishing a strategic Bitcoin stockpile. The concept has since picked up steam both in the U.S. and abroad. While there have been plenty of discussions and proposals, lawmakers have yet to review in detail a clear roadmap and timeline for the enactment of the national BTC reserve. Nevertheless, Kiyosaki believes the premier crypto Bitcoin will skyrocket to a new epic high in 2025 and reach a staggering $350,000 per BTC. Thus, he said, it makes sense to acquire more Bitcoin. “BITCOIN to $350K in 2025. OWN more BITCOIN in 2025,” Kiyosaki posited. Interestingly, a Bitcoiner created a poll to find out whether other Kiyosaki followers believe the flagship crypto will indeed reach $350,000 heights next year. Although only a handful of X users responded to the poll, the majority of the responders are skeptical of the sky-high price target. Are Kiyosaki’s Bitcoin Predictions Reliable? Since May. 2020, Kiyosaki has been a huge advocate for asset classes that cannot be directly manipulated by the Fed, having once advised investors to “Get Bitcoin and save yourself” after the Fed launched its mass money printing sprees to bolster the economy during the pandemic. It’s worth noting that Kiyosaki has a rather questionable track record of predicting Bitcoin’s price. Back in June, the best-selling author predicted that Bitcoin would be worth $350,000 by August. We are already in December, and the crypto’s current all-time high stands at $108,135 following the parabolic rally witnessed in recent weeks. Kiyosaki recently suggested that BTC was headed to $500,000 in 2025 and then climb past $1 million by 2030. In his belief, the gargantuan price appreciation would be triggered by artificial intelligence (AI) dramatically disrupting the global financial sector. As of the time of writing, Bitcoin trades at $101,046, down roughly 2.7% over the last 24 hours.
Bitcoin’s surge past $100,000 has created 14,211 new millionaires and four new billionaires, a new study NFT Evening has revealed. Bitcoin Investors Outshine Blue-Chip Stock Investors According to findings from an NFT Evening study, bitcoin’s surge past the $100,000 mark has created 14,211 new millionaires and four new billionaires. The report explains that bitcoin (BTC)
El Salvador’s move to scale back its Bitcoin initiatives as part of a $1.4 billion IMF loan deal, and renewed debates over Bitcoin’s fixed 21 million supply cap following BlackRock’s latest explainer video, highlight ongoing tensions between the cryptocurrency’s transformative potential and the practical challenges it faces. Bitcoin’s 21 Million Supply Cap: Unwavering or Vulnerable? The debate over Bitcoin’s capped supply of 21 million has once again taken center stage in the cryptocurrency community, following a provocative disclaimer in a recent explainer video by BlackRock, the world’s largest asset manager. The video, which aims to shed light on Bitcoin’s fundamentals, has ignited speculation over whether its famously fixed supply cap is as immutable as many investors believe. Released on Dec. 17, BlackRock’s three-minute video touted Bitcoin’s capped supply as a key factor underpinning its value as a deflationary asset. However, a disclaimer in the video raised eyebrows: “There is no guarantee that bitcoin’s 21 million supply cap will not be changed.” This statement has sparked a flurry of discussions, with critics and supporters alike weighing in on the implications for Bitcoin’s future. Bitcoin’s 21 million supply cap has been integral to its reputation as “digital gold.” By limiting supply, Bitcoin mirrors gold’s scarcity while eliminating the risks of monetary debasement associated with fiat currencies. This deflationary design has made Bitcoin a store of value, particularly in inflationary economic environments. BlackRock’s video focuses on this point, stating that Bitcoin’s hard-coded rule “controls supply, purchasing power and helps avoid the potential misuse of printing more and more currency.” Yet the disclaimer hints at the theoretical possibility of altering this cap, a notion that runs counter to Bitcoin’s core ethos and could shake investor confidence. MicroStrategy’s executive chairman and vocal Bitcoin advocate Michael Saylor reposted the video, amplifying its reach and sparking further debate. Detractors, such as Joel Valenzuela, Director of Marketing and Business Development at Dashpay, expressed skepticism, claiming that such a change would undermine Bitcoin’s legitimacy. Ethereum developer Antiprosynthesis also chimed in, asserting, “BlackRock understands Bitcoin better than Bitcoiners.” Could the Supply Cap Be Changed? Technically, Bitcoin’s supply cap could be altered through a hard fork, a process that would require widespread consensus among Bitcoin stakeholders, including node operators, developers, miners, and investors. However, such a change would be contentious and complex. Bitcoin developer “Super Testnet,” the mind behind BitVM, explained that while a hard fork could theoretically create a new blockchain with an uncapped supply, it would no longer represent Satoshi Nakamoto’s original Bitcoin . “The inflation cap is definitional to Bitcoin,” said Super Testnet, referencing Bitcoin’s whitepaper. “Eliminate that, and whatever you have isn’t Bitcoin anymore. You might as well ask what it would take to turn Bitcoin into PayPal.” This perspective suggests that any version of Bitcoin with an altered supply cap would lack the philosophical and economic underpinnings that make Bitcoin distinct. As history has shown, such changes are unlikely to gain traction. During the Blocksize War of 2016–2017, a proposal to increase Bitcoin’s block size limit was supported by 95% of miners but was ultimately rejected by node operators and the broader community, leading to the creation of Bitcoin Cash instead. The primary argument for uncapping Bitcoin’s supply centers on its long-term security model. Bitcoin miners rely on block subsidies and transaction fees to maintain the network. However, block subsidies halve approximately every four years, creating a financial challenge for miners unless Bitcoin’s price or transaction fees rise significantly. As of now, miners earn 3.125 BTC per block, worth around $316,950 at current prices. This reward will halve to 1.625 BTC in 2028, putting further pressure on the economic viability of mining. The final Bitcoin is projected to be mined in 2140, after which miners will depend entirely on transaction fees. Some argue that Bitcoin’s application layer, including developments in decentralized finance (DeFi) and NFTs, must evolve to sustain sufficient network activity and fee revenue for miners. During the Bitcoin Ordinals craze, transaction fees spiked, benefiting miners. However, such periods of high activity are often short-lived. While miners have a vested interest in sustaining the network’s profitability, their influence alone is insufficient to enforce changes, as demonstrated during the Blocksize War. The broader community’s resistance to altering Bitcoin’s rules suggests that any proposal to increase the supply cap would face significant hurdles. The debate over Bitcoin’s supply cap is not merely technical but deeply philosophical. For many in the community, Bitcoin’s fixed supply is sacrosanct, a core principle that defines its identity and value. Any move to change it would likely fracture the community and create competing chains, as seen with Bitcoin Cash. BlackRock’s disclaimer, while hypothetical, has reignited this longstanding debate, reminding the community of Bitcoin’s decentralized governance structure. Ultimately, the question of whether Bitcoin’s supply cap is truly fixed may rest not on its code but on the collective will of its stakeholders to preserve its foundational principles. As of now, Bitcoin’s identity as “digital gold” remains intact, but the ongoing discussion serves as a potent reminder of the delicate balance between innovation and tradition in the cryptocurrency world. El Salvador to Scale Back Bitcoin Initiatives as Part of IMF Loan Agreement In other Bitcoin news, El Salvador , the first country in the world to adopt BTC as legal tender, is set to significantly scale back its Bitcoin-related initiatives in a move tied to securing a $1.4 billion loan deal with the International Monetary Fund (IMF). This agreement marks a significant shift in the Central American nation’s approach to cryptocurrency, aiming to address its mounting debt challenges while reducing the risks associated with its Bitcoin experiment. The IMF announced on Dec. 18 that the loan agreement spans 40 months and includes measures designed to lower El Salvador’s debt-to-GDP ratio. The deal also introduces sweeping reforms to the country's cryptocurrency policies, reversing some of the bold steps taken under President Nayib Bukele’s leadership since Bitcoin was made legal tender in 2021. Among the most notable changes is the plan to make Bitcoin acceptance by private-sector merchants voluntary rather than mandatory. When the Bitcoin Law was enacted in June 2021, businesses were required to accept the cryptocurrency as a means of payment if they had the technological capability to do so. This policy, which sparked global attention and criticism, will now be revised to allow businesses to choose whether to accept Bitcoin. “For the public sector, engagement in Bitcoin-related economic activities and transactions in and purchases of Bitcoin will be confined,” the IMF said in its statement . Additionally, the government’s involvement in the state-backed Chivo wallet, which facilitates Bitcoin transactions for citizens, will be gradually reduced. Taxes in El Salvador will also continue to be payable only in US dollars, the country’s official currency. El Salvador’s National Bitcoin Office has reported that the country currently holds 5,968.8 BTC, worth approximately $602 million at current market prices. However, Bitcoin usage among Salvadorans has remained low. A recent survey conducted in October revealed that 92% of respondents did not use Bitcoin for transactions, a slight increase from the 88% reported in a 2023 survey. Despite the low adoption rates, President Bukele’s administration has continued to promote Bitcoin as a key part of its economic strategy, touting its potential to attract tourism and foreign investment. The IMF, however, has repeatedly raised concerns about the speculative nature of Bitcoin and its potential to destabilize the country’s economy. IMF’s Conditions and Broader Financing Plan The $1.4 billion loan agreement is contingent on the IMF Executive Board’s approval. If approved, the agreement will unlock additional financing from global institutions, including the World Bank, bringing the total financial package to over $3.5 billion. These funds aim to stabilize El Salvador’s economy, which has faced mounting debt and limited fiscal space. The IMF has long criticized Bukele’s Bitcoin policies, citing risks tied to volatility, financial instability, and the speculative nature of the cryptocurrency market. The institution views the latest agreement as a step toward mitigating these risks and aligning El Salvador’s economic policies with global standards. Reactions to the IMF agreement have been mixed. Max Keiser, a prominent Bitcoin advocate and adviser to President Bukele, dismissed the IMF’s measures as “bureaucratic, meaningless nonsense.” In a series of posts on X, Keiser claimed that Bitcoin adoption in El Salvador remains robust and growing despite IMF objections. “Bitcoin use in El Salvador was always voluntary and its usage has never been higher,” Keiser wrote, dismissing concerns about the reforms' impact on adoption. However, critics argue that the low adoption rates among Salvadorans undermine the administration’s claims of Bitcoin success. Many point to surveys showing limited usage of Bitcoin for everyday transactions as evidence that the policy has failed to resonate with the public. The reforms signal a pragmatic shift in El Salvador’s Bitcoin experiment. While President Bukele’s government has championed Bitcoin as a tool for economic empowerment and innovation, the new measures suggest that financial stability and debt reduction have taken precedence over furthering the cryptocurrency agenda. The gradual unwinding of the Chivo wallet, the voluntary nature of Bitcoin acceptance for merchants, and the limited public-sector involvement indicate a significant pivot. However, the government’s substantial Bitcoin holdings and the continued promotion of Bitcoin-related tourism and investment projects suggest that El Salvador is not entirely abandoning its crypto ambitions. As El Salvador navigates its obligations under the IMF agreement, the global cryptocurrency community will closely watch how these reforms impact the country’s Bitcoin narrative and its broader economic landscape. While the era of mandatory Bitcoin adoption may be coming to an end, the legacy of El Salvador’s bold experiment will likely influence debates about cryptocurrency adoption worldwide for years to come.