Author: John Smith

UK-based crypto firm Copper Technologies withdrew its registration to the FCA. Instead, its new CEO wants to shift the custodian’s focus towards securing operating licenses in the US and other countries. According to a Bloomberg report, crypto custodian firm Copper Technologies withdrew its registration from the U.K. Financial Conduct Authority on Dec. 20. The firm stated it will shift its focus towards expanding their overseas operations under its newly appointed CEO, Amar Kuchinad. Kuchinad took up the mantle of CEO in October after Copper’s former CEO, Dmitry Tokarev, stepped down. After being appointed, he told Bloomberg that the company plans…

Crypto market freefall causes Ripple withdrawal delays on Bithumb. One of the major cryptocurrency exchanges in South Korea, Bithumb, has formally announced that withdrawals of XRP are taking longer than planned because of an unexpected spike in transaction volume. In an official announcement, the exchange said: “Due to the increase in Ripple (XRP) withdrawal volume, it is temporarily taking time for the withdrawal to complete.” To address this issue, Bithumb explained that withdrawals are being processed on a first-come, first-served basis while it attempts to fix the problem. Additionally, the exchange promised users that regular operations would soon return and…

El Salvador has ramped up its Bitcoin buying a day after agreeing to an International Monetary Fund deal that required scaling back its government-led crypto activities. On Dec. 19, the first nation to adopt Bitcoin as a legal tender and host a Bitcoin strategic reserve added 11 BTC worth over $1 million to its holdings. With the recent purchase, the country’s total holdings now stand at over 5,980 Bitcoin, currently valued at over $577 million according to the National Bitcoin Office’s tracker. Up until now, El Salvador’s Bitcoin accumulation followed the steady pace of its “1 Bitcoin a day” program,…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rexas Finance emerges as a promising altcoin contender, with 400% presale growth and a unique approach to real-world asset tokenization poised to rival Solana’s meteoric rise. Investors looking for the next big project are considering investing in altcoins, which can repeat history and grow like Solana’s (SOL) growth in 2021. With a current SOL price of $234.0877, it has cemented its dominance as one of the top blockchain platforms. However, an alternative option, RXS, with a cost of $0.15,…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana confirms an uptrend with a bull flag breakout targeting $320, while Lunex Network impresses with a 283% presale surge, redefining DeFi opportunities. Solana has broken out of a bull flag pattern on its one-day chart, confirming an uptrend momentum. CryptoBullet has identified the key breakout, where Solana’s price movement is now targeting the $320 and $340 regions. This breakout coincides with the support and resistance flip, signaling strong buyer control over the asset. Similarly, a new presale project…

Prominent cryptocurrency and stock trading platform Robinhood continued to expand its meme coin offering with the listing of Bonk. According to a Dec. 20 announcement, the Solana-based meme coin will now be accessible to over 24 million Robinhood users. BONK became the fifth meme coin to be listed on the Menlo Park unicorn, which initially started offering crypto trading in February 2018. Robinhood listings typically lead to short-term price surges for newly added tokens, as seen with Dogwifhat (WIF) and Pepe (PEPE). WIF, the second meme coin listed in November, jumped 8.2% within an hour of the announcement, mirroring Pepe’s…

DuckChain joins forces with major crypto players to drive the next wave of decentralized applications and announces the Yellow Duck Mission hackathon. Leading investors, including dao5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate.io, and Presto, participated in the $5 million financing round for the TON ecosystem layer-2 project DuckChain. As DuckChain works to improve the TON blockchain’s scalability and functionality, this funding represents an important turning point for the project. This funding will help the project improve its EVM compatibility, and DuckChain will be able to attract new users from other blockchain communities, bring…

Bankrupt crypto exchange Cryptopia returns around $225 million worth in cryptocurrency to account holders via liquidators. This is the first phase of Cryptopia’s distribution plan since it went bankrupt in 2020. According to the NZ Herald, the New Zealand-based crypto exchange’s liquidators declared that more than 10,000 account holders of Bitcoin (BTC) and Dogecoin (DOGE) received crypto funds worth more than NZ$400 million ($225 million) in the past 48 hours. Grant Thornton, the public accountancy firm in charge of liquidating Cryptopia’s assets to customers, said that liquidators have been working towards identifying users to proceed with return payments since the…

MOVE, the native token of the Ethereum layer-2 blockchain Movement, experienced a significant price rally outpacing the broader crypto market, which remained on a downward trajectory. Movement (MOVE) recorded the highest gains among the top 100 largest crypto assets on Dec. 20, reaching an intraday high of $0.877 and closing with a market capitalization of nearly $2 billion. The altcoin’s price rally coincided with a 63% rise in daily trading volume, which exceeded $1.6 billion, indicating growing interest among traders. Additionally, CoinGlass data reveals that open interest in its futures market surged to an all-time high of $103.93 million, nearly…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana’s massive 10,000% surge since 2020 set records. Now, analysts highlight a DeFi altcoin with the potential to match that growth in 2025. Solana (SOL) is one of the most trending cryptocurrencies in the market today. Over the years, its price has increased by more than 10,000%. Sadly, only a few people were lucky to have entered at the beginning. Now, as the market continues to heat up for 2025, one DeFi coin is emerging with a similar trajectory. …