$818 million Bitcoin (BTC) mystery stuns cryptocurrency community — what was it?
Early Dogecoins (DOGE) investors have become billionaires from their explosive ascent. At $0.00036, a simple $500 investment in Dogecoin in 2014 would be worth an impressive $1,017,870. Although the history of Dogecoin shows the promise of cryptocurrencies, investors are now looking at other options, such as Rexas Finance (RXS), a $0.15 token sold during its continuous presale. With forecasts of a 250,000% increase, RXS might match the legendary returns of Dogecoin, thereby presenting the next major prospect for crypto enthusiasts. Crypto Whales Purchased RXS Token Dogecoin’s Journey: From Meme Coin to Multi-Million Dollar Asset Originally shown as a fun crypto in 2013, Dogecoin gained major popularity only in 2017. After its launch, DOGE's price hovered at $0.00036 for a number of years, yielding not very significant increases. Early on in the 2017 bitcoin bull market, there was a first notable price surge. March saw a 1,494% surge in Dogecoin, which peaked at $0.004 and dropped to $0.001 in the following months. Driven by a flood of hopeful investors, DOGE rebuilt momentum in late 2017 and by January 2018 it had reached $0.018. However, with celebrities like Tesla CEO Elon Musk sponsoring Dogecoin, its most important turning point came in 2021. In just five months, DOGE rose astonishingly 9,484% from $0.0046 in January to an all-time high of $0.74 in May. This climb reaffirmed Dogecoin's place as the top cryptocurrency and made more than $1 million out of a $500 investment in 2014. Rexas Finance (RXS): The DOGE Alternative Although Dogecoin offers historical returns, many investors are now looking at substitutes that can provide similar or even better chances for development. As the crypto market develops and competition rises, spotting tokens with good foundations and development potential is difficult. Rexas Finance (RXS) and other newly developed tokens are positioned as the future generation of investment-worthy cryptocurrencies. RXS draws in savvy investors with its inventive use case and presale price of $0.15. Because of their low entrance prices and a great capacity for expansion, analysts believe early-stage projects like Rexas Finance are most likely to yield Dogecoin-level profits. The new cryptocurrency, Rexas Finance (RXS), provides unmatched access to tokenized real-world assets (RWAs), transforming asset management. With the platform, users may tokenize and trade assets, including intellectual property, art, and real estate, offering countless investment prospects. Using its innovative methodology, RXS meets the growing need for democratized ownership and asset liquidity in the worldwide financial system. Reflecting great investor trust, Rexas Finance has already raised $29.32 million in its tenth presale stage. Priced at $0.15, RXS offers early investors a great prospect, particularly considering its expected listing price of $0.20. Early attendees have already observed a 5x increase in value from the first presale stage, suggesting the coin's explosive potential. Can Rexas Finance (RXS) Do The Same? Because of its unique value proposition, market observers think Rexas Finance could surpass several current cryptocurrencies, including Dogecoin. Unlike Dogecoin, which mostly depends on community support and market sentiment, RXS presents an actual use case that attracts institutional and retail investors. Experts estimate that RXS might yield more than 250,000% returns, matching or surpassing the 203,474% increase in Dogecoin since 2014. Furthermore, fueling investor interest is Rexas Finance's $1 million gift. The platform is fast growing its community by enrolling over 558,000 people for the competition. Investors must accomplish particular requirements, hold at least $100 worth of RXS tokens, and promote people to the initiative to be eligible for the giveaway, guaranteeing broad involvement. Rexas Finance is exciting as it gets ready for its official introduction. The token's creative use case and appealing presale pricing help make it a top candidate for good returns. However, it is yet unknown if RXS can match Dogecoin's explosive rise; its strong foundations and investor interest point to a promising future. Rexas Finance is an appealing option for individuals who want to profit from the next major crypto prospect. Given its emphasis on actual asset tokenization and past presale success, RXS could be the DOGE alternative investors have been looking for. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
XRP community gets new rewards, Fed rules out BTC reserves, Strike CEO says Trump eyeing US BTC reserve, and more in this Week in Review. Week in Review Ripple’s RLUSD stablecoin debuted on Uphold, offering rewards and benefits to XRP holders. Federal Reserve Chair Jerome Powell ruled out the possibility of the Fed holding Bitcoin
Germany’s DekaBank has scored a major win, bagging a crypto custody license from BaFin, the country’s financial watchdog, and the European Central Bank (ECB). The license was granted under the Banking Act (KWG) and DekaBank will be joining Commerzbank as one of the only traditional German banks to operate in this space. But let’s not get too excited—this is Germany, after all, where regulation is the order of the day, and every action is measured. While BaFin has granted crypto custody licenses to 11 other firms, most of those have gone to crypto-native companies, like the digital asset custody arm of Hauck Aufhäuser Lampe Privatbank. DekaBank’s license game is strong What makes DekaBank and Commerzbank stand out is that their licenses fall under traditional banking regulations, giving them a level of legitimacy that smaller crypto firms can only dream of. This isn’t DekaBank’s first big regulatory decision this year. Back in July, it snagged a license to operate as a crypto securities registrar. Translation? It can issue blockchain-based digital securities in Germany without needing a central securities depository (CSD). This cuts out unnecessary middlemen, a very crypto thing to do. DekaBank is also a founding member of SWIAT, a blockchain platform designed for digital securities issuance. It’s got giants like Standard Chartered and LBBW involved. Back in September, Siemens used SWIAT to issue a €300 million digital bond. Germany’s regulatory speed bump The Supervision of Crypto Markets Act (KMAG) is supposed to replace Germany’s old crypto rules with MiCA’s shiny new framework. But because the German government has been a political circus lately, the law was delayed for months. It only passed on December 18, giving institutions like DekaBank the green light to expand their crypto operations across the EU. Before KMAG’s passage, the regulatory limbo made things awkward for banks. Germany’s slow but steady approach to crypto regulation has its perks, though. Back in 2013, the country became one of the first to recognize cryptocurrencies as financial instruments. Then, in 2020, it made BaFin licensing mandatory for all crypto exchanges. While other countries are still fumbling with vague guidelines, Germany’s clarity on crypto rules makes it a heavyweight in the European crypto scene. Admittedly, it is boring, but it works. Germany’s crypto regulation is pretty much MiCA. But in the country, crypto held for over a year is exempt from capital gains tax, offering a major incentive for long-term investors. However, if you sell within a year, the profits face regular income tax rates, which can hit up to 45%, plus a 5.5% solidarity surcharge. There’s some relief for smaller players, though—profits below €600 escape taxation entirely. As for the market, it’s very active. Out of 2,400 private crypto investors surveyed, 54% said they allocate more than 20% of their total assets to digital assets. On average, these investors are putting over a quarter of their portfolios into crypto. Security concerns are still top of mind, though. About 82% of investors flagged platform security as their number-one consideration when choosing where to invest. It’s no surprise that Bitcoin leads the pack, held by 91% of respondents, followed by Ethereum at 78%. Solana, a rising star, is also gaining traction. The German market has had its share of drama this year too though. The most significant episode was probably when the government unloaded a massive 49,858 BTC for $2.89 billion—leftovers from a piracy case. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
A new survey by the blockchain infrastructure provider P2P.org has unveiled some challenges and trends affecting institutions’ crypto adoption strategies. It also highlighted opportunities that institutions could explore to adapt to the evolving practices in the crypto industry. The survey included participation from more than 15 institutional players, with intermediaries, investment funds, and venture capital funds making up 46%, 31%, and 23% of the respondents, respectively. It is worth mentioning that intermediaries in this context refer to companies that manage assets on behalf of others, while institutions as a whole are those with large total value locked. Trends Affecting Institutional Crypto Strategies According to the results sent to CryptoPotato , 33.4% of respondents said the biggest challenge faced by their company is integrating new crypto yield products aligned with their risk tolerance. Another 13.3% revealed that regulatory compliance affects their ability to incorporate new products in their offerings. Additionally, 6.67% of the participants said it is difficult to find the right strategy for allocating crypto assets, while another 6.67% disclosed that integrating multiple yield solutions at a go has been a big challenge. Interestingly, 6.67% of the respondents attributed their biggest challenge to custodians limiting product functionality, while the remaining 33.29% mentioned other challenges not outlined in the report. P2P.org identified risk as a recurring theme during the interviews, and it was mentioned across multiple levels, including technology, operations, and regulation. For technology, the respondents insisted that smart contracts pose a risk to their organization’s security and reliability. Challenges In Operations and Regulation In operations, the surveyees explained how certain blockchain mechanics could affect the movement of funds across industries. For instance, withdrawing funds from staked tokens could make the assets unavailable for some time, limiting how quickly capital can be redeployed to other business areas. When it came to regulation, the participants disclosed that one of their biggest challenges was integrating a new product that was in line with the regulatory guidelines for their business region. “The involvement of legal and compliance team here is critical to assess the exact risk factor. As reported in one of the interview, failing to correctly assess the regulatory layer can affect the resources allocated to a new product initiative, which might later be deemed unacceptable by regulatory authorities,” P2P.org stated. With regulatory requirements posing a significant challenge, these institutions are facing limitations in product integration and innovation. The post These Challenges Affect Institutional Crypto Adoption Strategies (Survey) appeared first on CryptoPotato .
Dogecoin whales are accumulating massive amounts of DOGE, sparking speculation about a potential rally fueled by strong institutional interest. Recent whale transactions, including a notable purchase of 250 million DOGE,
Donald Trump has been pitched a "capital markets renaissance fueled" by bitcoin to "unlock trillions in wealth"...
PENGU Coin shows mixed trends following a significant airdrop. Shiba Coin remains stable, but faces challenges in reclaiming previous highs. Continue Reading: PENGU Coin, Shiba Coin, and WIF Coin Show Mixed Market Trends The post PENGU Coin, Shiba Coin, and WIF Coin Show Mixed Market Trends appeared first on COINTURK NEWS .
Bitstamp recently released an optimistic forecast regarding XRP’s future performance. The exchange predicted via its official X handle that XRP will make history in 2025, generating substantial interest within the cryptocurrency community. While Bitstamp did not provide specifics for the prediction, it is renowned as the cryptocurrency industry’s longest-operating exchange, and several positive developments in the short and long-term support this overwhelmingly bullish outlook. $XRP gonna make history next year — Bitstamp (@Bitstamp) December 20, 2024 Reasons to Be Bullish On XRP One of the biggest reasons to be bullish about XRP is Donald Trump’s victory in the U.S. presidential election. The excitement following his historic win sent the crypto market to new heights. Bitcoin has crossed $100k for the first time, and XRP hit its highest point since 2018. Notably, XRP reached its all-time high in January 2018 during Trump’s last administration , and the market is excited about how high it can go next year. There are also many other positive developments in the crypto market to be excited about. These include the anticipated conclusion of Ripple’s ongoing legal proceedings and the possible introduction of exchange-traded funds (ETFs). Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC) is well known for his anti-crypto stance, but he is leaving his position on January 20. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Donald Trump has already nominated Paul Atkins to replace him, and experts believe the SEC, under Atkins’ pro-crypto administration, will end the lawsuits against Ripple and other cryptocurrency companies. Multiple companies have also filed for XRP ETFs. However, the SEC revealed that it will not approve any ETFs under the current administration. XRP’s Journey to A New All-time High The digital asset’s price trajectory has demonstrated notable volatility over the past few years. After establishing its current all-time high of $3.84 in January 2018, XRP experienced a significant decline, reaching $0.1151 by March 2020. At press time, XRP traded at $2.23, 41.51% below its all-time high, and many experts are confident it will close this gap and surpass it significantly. Recent market activity has shown promising signs of recovery, and JD (@jaydee_757), a prominent crypto analyst, responded to Bitstamp’s post, noting that 95% of investors will lose out on massive gains in the current cycle. Analysts are already setting lofty targets with some going into double and triple digits , but investors have to take profits wisely so they don’t lose out on life-changing gains. 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 Longest Running Exchange Says XRP Will Make History In 2025 appeared first on Times Tabloid .
Dogecoin (DOGE) creator reveals truth where meme coin price will be end of year