Month: January 2025

No, Professor Quiggin, Crypto Is Not Worthless: Australia Should Prepare for the Rise of Digital Assets

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Critics like John Quiggin question bitcoin’s legitimacy, comparing it to worthless assets, but the value of any commodity, including bitcoin, often depends on community recognition and market demand. The analogy of the diamond rush in Zimbabwe illustrates that value is often realized only when a market exists. Australian Treasurer Wants Country to Be Proactive When … Read more

China Enforces Stricter Crypto Monitoring to Curb Illegal Transactions

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China’s foreign exchange regulator has imposed stricter controls on cryptocurrency-related activities, requiring banks to monitor and report high-risk trades. The State Administration of Foreign Exchange (SAFE) mandates that banks track foreign exchange behaviors linked to underground banking, cross-border gambling, and illegal crypto transactions. These measures compel banks to assess the identity, funds, and frequency of … Read more

Whales And Institutions Accumulate AIXBT Amid Rising AI Token Momentum

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Major whales and institutions, already profiting $49.89 million from AAVE and UNI, are now focusing on AIXBT. Recent blockchain data reveals ongoing accumulation through Wintermute, with 2.61 million AIXBT tokens ($1.3 million) received just three hours ago. Since December 4, these entities have transferred 6.1 million USDC to Wintermute and acquired 12.99 million AIXBT ($4.26 … Read more

Tron Network Achieves Unprecedented Growth In 2024 With Record Revenue And Activity

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Tron Network, one of the leading Layer 1 blockchains, has experienced extraordinary growth in 2024, solidifying its status as a dominant force in the blockchain space.   Recent data from IntoTheBlock highlights Tron’s unparalleled performance, with the network surpassing 2.5 million active addresses in mid-December. This high level of user engagement is complemented by an impressive … Read more

Whales Accumulate $PENDLE As Pendle Finance Unveils Boros For Margin Yield Trading

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Whale activity around $PENDLE is intensifying, with significant accumulation taking place. Notably, the wallet 0xB757 withdrew another 400,000 $PENDLE (valued at $1.98 million) from Binance just 10 minutes ago. Over the past 10 days, this whale has withdrawn a total of 1.28 million $PENDLE, worth approximately $6.37 million. https://twitter.com/lookonchain/status/1874046560394502598?t=iPoYnhbuuK2qpNPhJUBMKQ&s=19 This surge in whale interest comes … Read more

Elon Musk Fuels Dogecoin Speculation With Latest Post; Whales Accumulate 300M DOGE

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Elon Musk has once again ignited excitement in the Dogecoin community with his latest post on X, featuring a dollar bill emblazoned with the Dogecoin logo. The image has sparked rumors of a potential Dogecoin reserve, raising bullish sentiment among investors. Musk’s continued support for Dogecoin has been a driving force behind the meme coin’s … Read more

Singapore Refines Crypto Regulations, Strengthening Lead as Asia’s Top Digital Asset Hub

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Singapore is solidifying its lead as Asia’s top crypto hub, with expanding regulations and a surge in licensed institutions drawing major global digital asset firms. Singapore Strengthens Position as a Crypto Powerhouse Singapore is reinforcing its status as a leading cryptocurrency hub through the Monetary Authority of Singapore’s (MAS) comprehensive regulatory approach. With over 200 … Read more