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CryptoBitca

🇿🇦 Altvest Capital's Strategic Bitcoin Investment

💰 Altvest Capital Ltd., a South African alternative investment firm, has made its inaugural investment in bitcoin (BTC) as part of a strategic treasury management initiative. The firm, listed on the Johannesburg Stock Exchange, aims to enhance financial resilience, preserve shareholder value, and gain exposure to the leading cryptocurrency.

📈 According to a Bloomberg report, Altvest Capital has sought approval to raise approximately $10 million (200 million rand) through a share sale to bolster its treasury stockpile. While recognizing the existence of other digital assets, the firm stated that many do not align with its investment philosophy and will therefore avoid investing in them.

🔗 Altvest Capital joins a growing number of companies, including Microstrategy led by Michael Saylor and Japanese investment firm Metaplanet, that have incorporated BTC into their treasury reserves. As of February 23, Microstrategy and Metaplanet held 478,740 BTC and 2,100 BTC respectively.

🗣️ Warren Wheatley, CEO of Altvest Capital, emphasized the company's decision to focus solely on bitcoin:
Bitcoin is fundamentally different from other digital assets. It is the only truly decentralized, scarce and globally recognized digital asset that aligns with Altvest’s investment philosophy. We see bitcoin as a strategic reserve asset that enhances our treasury portfolio while providing a hedge against economic instability and currency depreciation.

🔍 However, the firm also stated that it will continue to monitor market conditions and technological advancements. Additionally, Altvest Capital is committed to ensuring that all bitcoin-related treasury activities comply with local financial regulations and reporting requirements.

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CryptoBitca

⚠️ U.S. Representative Criticizes Trump and Musk for Eroding Crypto Consumer Protections

👥 U.S. Representative Ayanna Pressley (D-MA) has expressed serious concerns about the rise of cryptocurrency scams during a recent House Financial Services Committee hearing. She warned that President Trump and Elon Musk have weakened consumer protections, turning the crypto space into a hotbed for fraudulent activities. Pressley highlighted the crucial role of the Consumer Financial Protection Bureau (CFPB) in combating fraud before it was undermined by the actions of Trump and Musk, particularly through the Department of Government Efficiency (DOGE).

The agency is now under attack. Elon Musk and his so-called DOGE bros have kicked out the employees, locked the door, and stopped all work from continuing,

Pressley stated. She emphasized the real-life consequences of this dismantling, citing cases of individuals losing their savings to crypto scams and stressing the urgent need for government intervention.

📉 Pressley also took aim at Trump's involvement in the crypto space, pointing out his launch of a meme coin that quickly depreciated in value, leaving many investors at a loss. She recounted,
Earlier this year, Trump launched his own cryptocurrency meme coin. He promoted it on social media and people invested in it. But then it quickly lost value, roughly 40%, when Trump insiders pulled their money for a profit, resulting in working class people stuck with the losses. It was a scam.

This incident, according to Pressley, contrasts sharply with the CFPB's mission to protect consumers.

🛑 Pressley called for the reinstatement of the CFPB, asserting,
We need this essential agency to be reopened to finish its necessary work.

On the other hand, supporters of DOGE argue that the reforms are aimed at improving government efficiency and reducing regulatory barriers that could stifle crypto innovation. They claim that these efforts target bureaucratic inefficiencies while allowing market-driven solutions to combat fraud.

🤝 Meanwhile, Trump's pro-crypto stance has garnered support from those who see him as an advocate for financial independence and decentralized finance. His supporters believe that his policies could position the U.S. as a leader in blockchain innovation by fostering a regulatory environment that promotes growth while protecting investors. Many in the crypto industry advocate for clear regulations that prevent fraud while allowing the sector to evolve.

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CryptoBitca

🚀 Bitcoin's Hashrate Soars to New Heights: Entering the Zettahash Epoch

📈 In February 2025, Bitcoin's hashrate reached a record-breaking 852 exahash per second (EH/s), marking the beginning of the zettahash epoch with a projected 14.8% increase on the horizon. On February 8, the network's processing speed surpassed its previous high of 840 EH/s, with block intervals averaging around nine minutes and twenty-four seconds.

🔄 A computational recalibration is imminent, with estimates predicting a 6.38% rise in mining difficulty. Currently, the blockchain is 85.2% away from the zettahash milestone of 1 sextillion operations per second, despite a sluggish transaction environment.

As of 4:25 p.m. ET on February 8, only three blocks were pending validation, alongside 5,398 transactions waiting to be processed. On-chain fees for high-priority transfers stood at 2 sat/vB ($0.27 per transfer), with Foundry leading mining efforts at 258.69 EH/s, accounting for 30.37% of the total output.

🌐 Among 70 identified participants, nineteen mining pools controlled 97.7% of the network's computational power. Despite ongoing transactional delays causing occasional block formation stalls, this situation contrasts sharply with the previous year's severe backlogs of over 600,000 unconfirmed transfers.

📊 Bitcoin first surpassed the 1 EH/s threshold in early 2016 and has since climbed to its current peak of 1,000 EH/s over the past nine years. Its unparalleled computational strength outshines all proof-of-work competitors. The next goal? Reaching the yottahash epoch—equivalent to 1 septillion operations per second—which would turn cryptographic aspirations into reality.

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CryptoBitca

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CryptoBitca

🇷🇺🇮🇩 Russia and Indonesia Move Towards Ruble-Rupiah Trade Settlements

🌍 As global trends shift towards reducing dependence on the U.S. dollar, Russia and Indonesia are exploring the use of their national currencies, the rupiah and ruble, for bilateral trade transactions. This move is driven by sanctions and Russia's exclusion from the SWIFT system, prompting both nations to establish sustainable, dollar-free financial systems.

🤝 Russian Ambassador to Indonesia, Sergei Tolchenov, revealed that financial institutions in both countries are actively seeking ways to facilitate this transition. He stated,

Russia’s exemption from SWIFT has made it very difficult for us to use financial settlements in American dollars.

He emphasized the need to find appropriate methods for using national currencies, adding that
Russian and Indonesian financial institutions are working on that.


💱 The removal of Russian banks from the dollar-based SWIFT system due to sanctions related to the Russia-Ukraine conflict has compelled Moscow to prioritize alternative trade mechanisms. Russia has increasingly focused on utilizing local currencies in transactions, especially with BRICS nations. Tolchenov highlighted ongoing collaboration between private businesses, financial institutions, and central banks to establish practical solutions, stating:
Businesses would want to have independent and sustainable channels of financial settlements.


🔄 The desire to reduce reliance on the U.S. dollar is largely driven by the use of sanctions as a geopolitical tool. The dollar’s dominance in global finance grants the United States significant leverage to enforce unilateral measures, often excluding targeted nations from international trade and financial networks. Additionally, many countries are wary of being overly exposed to U.S. monetary policies, which can lead to economic instability due to fluctuations in the dollar’s value. Transitioning away from the dollar offers these nations greater economic autonomy and a buffer against such risks.

🇮🇩 Indonesia has already established agreements for local currency use with countries such as China, Japan, Malaysia, and Thailand. In 2024, Indonesia also signed a memorandum of understanding with India to facilitate trade in rupee and rupiah. Tolchenov expressed optimism that Indonesia’s membership in BRICS would help address payment-related challenges. Official reports show that Indonesia-Russia trade amounted to $3.1 billion between January and November 2024. Meanwhile, Russia has significantly expanded local currency trade with other BRICS members, with the ruble and Chinese yuan comprising 80% of its trade with China and 90% of its trade with India conducted in non-dollar currencies.

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CryptoBitca

⚖️ Chilean Supreme Court Orders Deletion of Teen's Biometric Data from World

🚨 The Supreme Court of Chile has mandated that World, a biometric ID and cryptocurrency wallet project, erase all biometric data of a 17-year-old. This decision follows allegations that World conducted iris-scanning activities without proper consent, thereby violating several constitutional rights.

👨‍⚖️ The legal challenge was initiated by Rodrigo Lagos, an attorney whose daughter had her iris scanned without authorization. Lagos argued that “A minor cannot give her consent to have her iris scanned, or anything else, not even a fingerprint could be taken, without her parents knowing,” emphasizing that such practices breach both international and Chilean regulations.

📉 Although a lower court initially dismissed the case, it acknowledged the illegal nature of collecting biometric data from minors. The Supreme Court later took up the matter, instructing World to

delete the minor’s World ID, eliminating all records, storage, and processing in the Worldcoin and World App databases

within 30 days and report back to the lower court.

🇨🇱 This ruling comes amid growing governmental scrutiny of World's operations in Chile. In November, the consumer protection agency SERNAC launched an investigation into World's potential expansion activities, which included home scanning operations via Rappi, a popular delivery service in Latin America.

📈 Despite these legal challenges, World has seen significant uptake in Chile, with over 1% of the population signing up for the service by 2023.

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CryptoBitca

🚨 5 Crypto to Sell Now Before Gary Gensler Farewell to Avoid Losses ⚠️

Uncover top 5 crypto to sell amid Gary Gensler's exit as SEC Chair, effective January 20, 2025, to avoid potential losses

👉 Read more

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CryptoBitca

🎆 Happy New Year, Seedizens! 🎆

New year, new adventures, and the same unstoppable spirit! Wishing you a year filled with success, inspiration, and countless bright moments! 🥂

To kick off the year with excitement, we're giving you an exclusive preview of what $SEED tokens can do:

🌳 Mint & Upgrade Tree NFTs
🐲 Mint & Breed SEEDMon NFTs
💖 Farm & Stake
$SLOVE/$SUI
📊 Governance Voting Rights


🥰 Every $SEED you hold is a gateway to growth, rewards, and power.
2025 is calling, Seedizens. Are you ready to answer? 👍

Start playing to get $SEED airdrop 🌳

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CryptoBitca

📰 Week in Review: XRP Rewards, Fed's BTC Stance, and Trump's Bitcoin Plans

💰 This week brought significant developments in the cryptocurrency space. Ripple's RLUSD stablecoin launched on Uphold, providing rewards for XRP holders. Federal Reserve Chair Jerome Powell ruled out the possibility of the Fed holding Bitcoin due to legal restrictions. In a surprising turn, Strike CEO Jack Mallers suggested that President-elect Trump is considering a Bitcoin strategic reserve.

📈 Ripple's new stablecoin aims to enhance its ecosystem by offering exclusive benefits to its community.

It will be important for Ripple to capitalize on the current XRP price appreciation

noted an editor, emphasizing the need for more engagement opportunities for XRP holders.

🚫 On the regulatory front, Powell stated,
We’re not allowed to own Bitcoin

highlighting the legal barriers that prevent the Federal Reserve from investing in cryptocurrencies. However, some analysts believe that executive power could potentially be used to create a framework for Bitcoin ownership.

💼 Meanwhile, Jack Mallers dropped a bombshell by revealing that Trump is eyeing a US Bitcoin reserve. This speculation adds fuel to the ongoing rumors about a potential strategic reserve for Bitcoin, with more reputable figures predicting its possibility.

📊 In other news, Solana's decentralized apps achieved a record $365 million in monthly revenue, showcasing the ecosystem's robust activity despite market fluctuations.
Solana might be consolidating at the moment, but the ecosystem is still buzzing with activity

the editor commented.

📉 However, it wasn't all positive news for Bitcoin as it experienced a sharp decline, dropping over 9% to a low of $92,118.
Remember, even in bull cycles, bitcoin can go down upwards of 20%

served as a reminder for investors to stay resilient during volatile market conditions.

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CryptoBitca

🌊 Breaking News for Crypto Enthusiasts!

The Waterfall Network @waterfall_network has raised $11.6M USD from Bolt's Capital, Alpha Token Capital and Enflux, making Waterfall a leader as the most scalable and decentralized Layer 1 EVM network! 🚀

Learn more: https://www.benzinga.com/markets/cryptocurrency/24/12/42470280/waterfall-network-raises-116-million-to-enhance-blockchain-scalability-and-decentralization#

Why join Waterfall now?:
🔹 $WATER has become the most scalable EVM-based smart contract platform, outperforming both $SOL and $APT in TPS, reaching 12,778 TPS on its mainnet.
🔸 Ranked 3rd in number of active validators among Proof-of-Stake platforms (as of Aug 17).
🔹 Already boasts 9,017 validators, showcasing its strength.
🔸 Join staking with an APR OF 113%—more validators mean lower APR!

Run a node - Contribute to Network security - earn $WATER rewards 🌐

📝 Choose your staking method: https://waterfall.network/use-waterfall/stake-water

💧 How to Get $WATER:
- on Gate.io
- on MEXC

For more updates, check out Waterfall Network:
Website | Discord | Twitter | Telegram

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CryptoBitca

🧰 SEED is getting closer to listing, and the biggest airdrop ever is waiting for you.

You’re ready, holding your SEED Birds NFT, but the mystery remains:
What’s the plan after TGE?
How will your NFTs truly shine?

🥸 The answers you seek are hidden within this video. All you need to do is watch until the very end. 🐧🦜🦉🦅🦅

🌎 SEEDMon - The New Era Trailer 🌎


🗓 Next week, the moment you’ve been waiting for arrives. Listing updates will be unfolded soon!

EXPLORE WHAT'S NEXT FOR SEED 🔎

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CryptoBitca

🎉 Exciting News! Somnia Points Season 3 is LIVE! 🚀

🌟 Somnia Devnet hit 1M+ transactions in 2 weeks! Now you can earn points for on-chain activities! 💫

🔮 What is Somnia?
Somnia: The Dream Computer for a Fully Onchain World

⚡️ The fastest EVM L1 blockchain with:
• 400k+ TPS speed 🏃‍♂️
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• Trade on DEX 📊
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CryptoBitca

Yooo guys, I used the DYOR platform for a couple of days now. The team has worked hard to launch it and it's very good. It is also supported by big time KOLs and infrastructure partners. Real project!!

DYOR is the only all-in-one platform. It has a first of its kind token management platform for issuers, trading via its own native dex, charting and advanced analytics tools! They are adding a ton of new features weekly. So try the platform yourself!

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Watch here: https://x.com/CryptoknightsHQ/status/1862149465559138316?t=yTgIeuVtdy8E1-3NDdOeFA&s=19

So be ready for TOMORROW and always remember DYOR!

🌐: www.dyorlabs.com
X: https://x.com/DyorLabs_
💬: @dyor_labs

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CryptoBitca

🚨 SEC's Record-Breaking Enforcement Year: $8.2B in Financial Remedies

💰 The U.S. Securities and Exchange Commission (SEC) announced a historic milestone for fiscal year 2024, achieving $8.2 billion in financial remedies from 583 enforcement actions. This marks a 14% increase in actions compared to the previous year, highlighting the agency's commitment to market integrity and investor protection.

👮 SEC Chair Gary Gensler praised the Division of Enforcement for its diligent efforts, stating,

The Division of Enforcement is a steadfast cop on the beat, following the facts and the law wherever they lead to hold wrongdoers accountable.

He emphasized that these actions promote capital market integrity for the benefit of investors and issuers.

🔄 Gensler, who announced his resignation effective January 20, 2025, has led a rigorous enforcement agenda since his appointment in April 2021. His tenure was characterized by a strong focus on the cryptocurrency sector, with significant lawsuits against major exchanges like Binance and Coinbase. His departure is expected to usher in a more crypto-friendly regulatory environment under the incoming administration of President-elect Donald Trump.

📈 The SEC prioritized cases involving cryptocurrency, private funds, and other high-risk financial misconduct. Enforcement actions related to unregistered token sales and fraudulent marketing schemes underscored the agency's focus on the growing digital asset market. Additionally, the SEC addressed private fund violations and risky trading practices that threatened market stability.

🔍 The report reflects the SEC's evolving approach to tackle emerging challenges in finance. As markets continue to evolve, the agency remains dedicated to adapting its oversight to ensure investor confidence and compliance with securities laws.

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CryptoBitca

$HBAR, $OM, $APE, And These Crypto Eye Rally With Binance’s Extended Support 🤝

HBAR, APE, OM, RAY, FDUSD, TAO, and TURBO prices eye a potential rally as Binance expands trade offerings for the tokens, sparking market optimism.

👉 Read more

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CryptoBitca

🚨 Just In: Binance US Set to Resume USD Services After Two Years 🇺🇸

Binance.US reinstates USD deposits and withdrawals, offering bank transfers, crypto purchases, and trading across USD pairs for users.

👉 Read more

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CryptoBitca

👾 SEED Ambassador Program – Lead the Way & Earn SEED Mon NFT Boxes!

We see SEED Verse as a world where our Ambassadors are the pioneers, shaping the future of our growing community. Now, we’re calling on influential individuals to lead SEED’s viral expansion.

SEED Ambassador Program empowers you to spread the word, drive engagement, and earn rewards. By completing key activities, you’ll help SEED thrive while unlocking exclusive perks.

💯 First-Come, First-Served – The Early Bird Gets the Worm. The first batch of ambassadors will score SEED Mon NFT Boxes!

How to Apply:
Step 1: Fill in the Application Form.
Step 2: Publish a promotional post about SEED Mon NFT & SEED Go and include hashtags $SEED #SEED #SEEDCombinator #seedapp #SEEDMON.
Step 3: Submit your post link in the Content Tracker form.

😮 Spots are limited, apply now & let’s make waves together!

AMBASSADOR FULL GUIDELINE

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CryptoBitca

How Much Are Crypto Exchanges Really Worth?

The valuation of cryptocurrency exchanges like Binance, Kraken, and others is gaining attention in global media. A new approach has been introduced to estimate their market worth—not just based on trading volumes but through a broader set of key metrics.

This method considers six important factors:

🔍 Transparency – How openly exchanges share information about their operations.
📊 Activity – User engagement and trading volumes.
💰 Capital – Financial strength and available reserves.
🛡 Security – Measures in place to protect users and funds.
Compliance – Adherence to regulatory standards.
📈 Proof of Reserves – Verification of solvency and financial backing.

By analyzing these elements, the formula offers a structured way to assess exchanges beyond surface-level figures. While not a definitive valuation model, it provides useful insights into how different platforms operate and manage risks in the crypto space.

Read more in the article 👉 https://coincodex.com/article/58281/unveiling-the-metrics-understanding-the-market-value-of-leading-crypto-exchanges/

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CryptoBitca

🛡 Argentina Implements Protocols to Combat Crypto Crime

🇦🇷 Argentina has taken significant steps to combat crypto crime by establishing identification and forensic protocols. The Nation’s Security Ministry recently issued Resolution 117/2025, outlining the procedures that public servants, including police and federal security forces, must follow when dealing with digital assets potentially linked to criminal activities.

🔍 The protocol aims to standardize processes to prevent the loss or alteration of digital assets during official procedures. It acknowledges that cryptocurrencies are often used in money laundering and terrorism financing schemes, emphasizing the need for enhanced research and tracking of these assets in such cases.

🚀 With this initiative, Argentina positions itself as a leader in Latin America in addressing crypto-related crime. The country has experienced several high-profile crypto fraud cases, primarily related to investment fraud and Ponzi schemes.

🛠 The Security Ministry is aware of the rising wave of crypto crime and has been preparing tools to combat it. In December, the ministry stated that security forces should prevent “unauthorized financial intermediation through the use of cryptoassets,” committing to proactively track potentially criminal behavior associated with their use.

🏆 Argentine authorities achieved significant victories in crypto crime cases last year. In September, one of the first crypto seizures occurred during a money laundering operation involving phone smuggling and illegal online casinos. Additionally, in December, law enforcement agencies requested the freezing of 3.5 million USDT linked to Rainbowex, an alleged Ponzi scheme. This marked the first instance of Argentine law authorities directly interacting with Tether in a criminal case.

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CryptoBitca

🛠 Ethereum Foundation's Leadership Changes: A Shift in Structure, Not Ideology

🔄 Vitalik Buterin, co-founder of Ethereum, has announced significant leadership changes within the Ethereum Foundation (EF). Despite these changes, Buterin emphasized that the foundation's core ideology and its status as a neutral platform will remain intact.

🗣 Buterin revealed that the EF has been undergoing substantial leadership restructuring for over a year. The foundation aims to enhance its efficiency and responsiveness to Ethereum users and developers. Key objectives include improving technical leadership, enhancing communication with the ETH community, attracting new talent, actively supporting app builders, and increasing the utilization of Ethereum's technological aspects.

🚫 However, Buterin clarified that these changes do not entail a shift in mindset. He stated that the foundation will not transition from its current approach to a more "bronze age mindset." He also opposed lobbying efforts to attract regulators and political figures, warning that such actions could jeopardize Ethereum's position as a global neutral platform.

Buterin listed several non-goals for the foundation, including becoming a platform for vested interests or seeking to increase its influence within the Ethereum ecosystem. He asserted,

These things aren’t what EF does and this isn’t going to change. People seeking a different vision are welcome to start their own orgs.


🛡 This statement appears to be a response to recent criticisms directed at the Ethereum Foundation. In October, Buterin defended the organization's actions on social media, urging critics to show respect and justifying the foundation's ETH sales that funded essential research and development efforts.

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CryptoBitca

We’re thrilled to announce our official partnership with @SuiNetwork!

With Sui Foundation’s backing, SEED is transforming from a Telegram Miniapp into the first 100M-user Web3 gaming ecosystem on the #SuiBlockchain.

Explore more details and celebrate with us here:
https://cointelegraph.com/press-releases/seed-secures-investment-from-sui-foundation-to-build-a-100m-user-web3-gaming-ecosystem-on-sui

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CryptoBitca

💡 Chamath Palihapitiya Predicts Mainstream Stablecoin Adoption by 2025

🌟 Chamath Palihapitiya, CEO of Social Capital, foresees a significant rise in stablecoin adoption by 2025, particularly as President-Elect Trump addresses high credit interest rates and transaction fees. He believes that stablecoin usage has reached a "point of no return" and is set to become a mainstream tool for wholesale transactions in the business sector.

🎙 During a recent episode of the All-In podcast, Palihapitiya emphasized that 2024 marked a shift where stablecoin usage began to decouple from cryptocurrency trading. He highlighted that by Q2 2024, over 1.1 billion stablecoin transactions had been processed, settling more than $8.5 trillionmore than double the volume handled by Visa during the same period.

What we have now is something that has fundamentally crossed a point of no return. I think we’re going to finally attack the duopoly of Visa and Mastercard,

Palihapitiya stated. He linked this impending shift to the upcoming battle against high credit card rates that he anticipates President Trump’s administration will initiate. He predicted that stablecoin companies could see their volumes quadruple or even quintuple by the end of this year.

🔍 The discussion also touched on regulatory challenges surrounding stablecoins. When asked about concerns regarding their potential use in terrorism and sanctions evasion, Palihapitiya pointed out that blockchain technology provides immutable logs that can identify and link these transactions to specific addresses. He concluded,
The knowledge is there and there are a whole bunch of third-party services that add that intelligence layer.


📈 Last year, Palihapitiya predicted that 2024 would be a pivotal year for bitcoin as it moved towards mainstream adoption, aided by the approval of exchange-traded fund tools that would facilitate institutional entry into the market.

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CryptoBitca

🇯🇵 Japan's Cautious Approach to Bitcoin as a Reserve Asset

🗣 The Japanese government has stated that discussions regarding the potential designation of bitcoin (BTC) as a reserve currency are still in their infancy. This makes it challenging for them to take a definitive stance on the matter. Prime Minister Ishiba Shigeru’s administration also admitted to having a limited understanding of the developments occurring in the U.S. and other nations that are considering adding BTC to their reserves.

📜 This clarification from the government came in response to a question from Japanese Senator Hamada Satoshi, who sought to understand BTC’s position as a reserve asset. Satoshi emphasized that Japan should not lag behind other countries that are exploring the option of incorporating the leading cryptocurrency into their official reserves. He stated,

I believe that Japan should follow the example of the United States and other countries and consider converting part of its foreign exchange reserves into cryptocurrencies such as bitcoin.


⚖️ The Japanese government clarified that crypto assets are not governed by foreign exchange regulations under the country's legal framework for special account operations. However, it noted that current foreign exchange reserves are aimed at stabilizing foreign currency-denominated assets and bond markets, with a focus on safety and liquidity.

📰 According to a report from Coinpost, the Ishiba-led government remains cautious about integrating cryptocurrencies into Japan’s national reserves. This cautious stance contrasts with the situation in the United States, where President-elect Trump and Republican lawmakers are pushing for a strategic bitcoin reserve. However, U.S. Federal Reserve Chairman Jerome Powell has voiced opposition to BTC reserves, highlighting the ongoing debate surrounding this issue.

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CryptoBitca

Is SEED Token hinting at a SUI launch? 👀 If true, this is HUGE! 🚀

🌱 Seeds of Growth: A New Partnership Unveiled

💧 The journey of growth begins with a single seed and a single drop of water. When these two elements unite, they create the potential for something extraordinary.

🌱 In the SEED garden, a significant partnership is taking shape. This collaboration is aimed at fostering growth, grounded in strategic planning and driven by a long-term vision.

🌍 Are you prepared to discover the possibilities that are about to unfold?

🎮 Website | ✈️ Chat | 🐣 SEED Twitter | 📹 seedcombinator">Youtube

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CryptoBitca

🚫 Vanguard's Stance on Bitcoin: A Strong Rejection

💔 Vanguard, the second-largest ETF provider globally, has reiterated its rejection of bitcoin and the entire crypto asset class. The company describes the benefits of these digital assets as "weak" and primarily driven by speculation. Despite the recent surge in bitcoin's price and growing interest in cryptocurrencies, Vanguard remains skeptical about their long-term viability.

🗣 Duncan Burns, Vanguard’s Asia-Pacific business CIO, stated that bitcoin does not have a place in long-term investment portfolios due to its high risk and lack of intrinsic value. He emphasized that while some speculators have profited from cryptocurrencies, many others have incurred losses, and he anticipates that more will lose money in the future. Burns criticized bitcoin for lacking cash flows and being impossible to value objectively, suggesting that current prices are merely a result of speculation rather than economic fundamentals.

🚫 This perspective aligns with Vanguard's consistent position on bitcoin and crypto. The company has no plans to offer bitcoin or crypto ETFs to its customers, a stance it has maintained since the Securities and Exchange Commission (SEC) approved such products. Previously, Vanguard’s Global Head of ETF Capital Markets, Janel Jackson, referred to crypto as an "immature asset class" with "little history, no inherent economic value, no cash flow, and the potential to disrupt a portfolio."

🔄 In contrast to Vanguard, its larger competitor Blackrock has embraced the crypto space, managing the largest Bitcoin ETF which currently holds over $50 billion worth of BTC, representing more than 2% of bitcoin's total share.

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CryptoBitca

🚨 Operation Choke Point 2.0: Regulatory Pressure on Cryptocurrency Firms

🗣 Operation Choke Point 2.0, a campaign targeting cryptocurrency firms through regulatory measures, has drawn sharp criticism from industry leaders like Chris Lane, former CTO of Silvergate Bank, and David Sacks, the newly appointed "Crypto Czar" by President-elect Donald Trump. Lane shared insights on X about the regulatory pressures that led to Silvergate's closure, acknowledging the bank's imperfections but asserting it was "solvent and liquid."

🔍 Lane likened the experience to being "shot in the back" by regulators who had previously shown no objections to the bank's operations. He highlighted how early 2023 regulatory restrictions severely hindered Silvergate's ability to serve digital asset clients, ultimately dismantling its business model. Despite its crucial role in facilitating transactions for the cryptocurrency sector through its SEN network, Silvergate struggled to overcome regulatory challenges following the FTX collapse and a significant run on deposits. Lane stated,

FTX didn’t kill us; our regulators did.


📉 David Sacks also voiced his concerns on X, pointing out the detrimental effects of Operation Choke Point 2.0 on individuals and businesses. He emphasized the need for scrutiny over these regulatory actions, stating,
There are too many stories of people being hurt by Operation Choke Point 2.0. It needs to be looked at.

As Crypto Czar, Sacks may have the opportunity to investigate these issues further.

⚖️ Critics use the term “Operation Choke Point 2.0” to describe what they perceive as a deliberate effort to cut off financial services to cryptocurrency businesses, reminiscent of a similar initiative during the Obama administration. Although the original program ended in 2017, its alleged resurgence has sparked renewed discussions about the influence of regulatory agencies on market access.

💡 The situation with Silvergate Bank underscores the ongoing tension between innovation and regulation in the cryptocurrency space. Advocates argue that such regulatory measures hinder innovation and harm legitimate enterprises, while regulators maintain that they are essential for preventing financial crimes and protecting consumers.

🔗 As the conversation around cryptocurrency regulation evolves, figures like Sacks are advocating for greater transparency and fairness in regulatory practices. Their calls for a reevaluation of existing policies highlight a critical moment for the crypto industry and its interactions with traditional financial institutions.

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CryptoBitca

🎄 Moonlit Christmas — End 2024 On The Moon with SEED! 🌙

🎅 Chill vibes, big rewards, no more star store. This final event is all about thanks and giving for all Seedizens who’ve been with us through this incredible journey.

From tomorrow until the mining phase ends, just chill and enjoy:
⚡️ x2 Mining Speed
🦜 x2 Hunting Rewards
🎯 x2 Mission Earnings
🎁 Random SEED drop in Happy Hour

We know you’re counting the seconds, dreaming of big airdrop. What can we say? It’s your final chance to boost your SEED balance.

🎶 No stress, no rush, be a chill Seedizen and let’s end this year on the brightest note together! 🚀

I'm just a chill Seedizen 🤟

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CryptoBitca

💹 Ether Surges Above $3,700 Amid Mixed Crypto Market

📈 On Saturday, ether (ETH), the native token of the Ethereum blockchain, rose by 3.2% against the U.S. dollar, surpassing the $3,700 mark. This rise was in contrast to bitcoin (BTC), which experienced a slight dip. Ether reached an intraday high of $3,719 per unit, with a market value of $446 billion, representing 13% of the total $3.43 trillion cryptocurrency market.

💰 The weekend saw significant trading activity for ether, particularly against tether (USDT), USD, first digital USD (FDUSD), USD coin (USDC), and bitcoin. This upward movement triggered $19.21 million in liquidated short positions in the crypto derivatives markets, along with $11.12 million in liquidated long positions. Despite this bullish activity, ether's daily chart presented a mixed picture, with indicators showing varying signals.

📊 The relative strength index (RSI) was at 69.8 and the Stochastic at 89.6, both suggesting near-overbought conditions but remaining neutral overall. Conversely, the commodity channel index (CCI) indicated strength at 160.1 despite overbought signals, suggesting potential profit-taking soon. The average directional index (ADX) showed a strong trend at 42.5 but lacked clear direction, while the awesome oscillator indicated positive momentum at 499.5 without a decisive tilt.

🔄 By 4:34 PM Eastern Time on Saturday, ether had dipped back under the $3,700 range to $3,697 per coin. However, other indicators such as momentum at 643.0 and the moving average convergence divergence (MACD) at 209.7 aligned with bullish trends, suggesting increasing price velocity. While ether's moving averages across all timeframes looked promising, the approach to overbought territory called for cautious optimism.

⚖️ As ether continues its upward trajectory, the balance between positive signals and overbought conditions will likely influence its next moves.

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CryptoBitca

🚨 CEX.IO Launches Major Trading Platform Update

CEX.IO, with 15M+ users globally, introduces an upgrade to its trading infrastructure:
🔹 Enhanced liquidity aggregation from multiple external sources
🔹 Near-zero spreads on most trading pairs
🔹 Reduced slippage for more efficient trading
🔹 Multi-source order execution for optimal pricing

📊 Ranked in the Top 5 for liquidity at 2% market depth (Kaiko).

Available globally for spot trading (EEA, US, and more) and leveraged margin trading in select regions.

Start trading at the best possible prices - https://go.cex.io/k4ns

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CryptoBitca

🎉 @waterfall_network is the first platform to outperformed Solana and Aptos, to become the world’s most scalable EVM-based smart contract platform!🚀

Waterfall has achieved a new milestone of 12,778 transactions per second (TPS), surpassing its previous peak by over 1,000 TPS. In just three tests, over 1,000,000 transactions were generated and measured for block production speed, with transactions fully confirmed on the network. Chainspect (https://chainspect.app/chain/waterfall) the leading independent blockchain analytics platform, conducted its own tests to confirm Waterfall’s results.

✨ Key Features:
🔹 Highly Scalable: Optimized to handle numerous applications and use cases efficiently.
🔹 Highly Decentralized: Our consensus mechanism supports millions of validators.
🔹 Low Hardware Requirements: Accessible for everyone, regardless of device capabilities.
🔹 Low Transaction Fees: Designed to minimize costs and enhance user experience.

Read about Waterfall’s success in the media:
📌 GlobeNewswire:  bit.ly/3ULLZIr

❗️Find $WATER on Gate.io: https://www.gate.io/uk/trade/WATER_USDT

‼️ Find $WATER on MEXC: https://www.mexc.com/exchange/WATER_USDT


Website: https://waterfall.network

Discord: https://discord.gg/Nwb8aR2XvR
Twitter: https://twitter.com/waterfall_dag 
Telegram: /channel/waterfall_network

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