Cryptocurrency

Dogecoin's Potential to Reach $1 by 2025

Sunday. December 29 at 2:00 AM

1 min. read

Galaxy Research suggests that Dogecoin (DOGE) could hit $1 by 2025, sparking excitement in the crypto community. With a current value of $0.31 and a market cap of $46 billion, DOGE would need to double in value to reach the projected target. The $1 estimate is supported by a strong community base and increasing mainstream adoption. However, achieving this milestone will require overcoming market challenges and regulatory hurdles. Galaxy Research also predicts positive trends for Bitcoin and Ethereum, citing institutional interest and technological advancements. While these forecasts are optimistic, the volatile nature of the cryptocurrency market means caution is advised. Investors should diversify their portfolios and stay informed. Dogecoin's journey from meme to potential $1 coin highlights the unpredictable nature of cryptocurrencies, making it an asset worth monitoring in the future.

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China's New Forex Rules Impact on Crypto Activities

Wednesday. January 1 at 5:00 PM

China's recent forex regulations mandate Chinese banks to monitor identity, fund sources, and trading frequencies to control cross-border crypto transactions. The new rules require banks to flag risky trades involving crypto assets, making it harder for residents to purchase digital assets. Banks must report and monitor risky forex activities, including cross-border gambling and illegal financial activities related to crypto assets. The regulations also necessitate tracking individuals and institutions involved, fund sources, and trade frequencies. The rules aim to provide a basis for penalizing crypto trading and signal a tightening regulatory stance on crypto in China. Despite the country's ban on crypto transactions since 2019, China holds the second-largest amount of Bitcoin globally, primarily acquired through asset seizures from illicit activities. Former Binance CEO CZ Zhao believes China may adopt a Bitcoin reserve strategy in the future.

Cryptocurrency

Challenging Elon Musk's Approach to Free Speech

Wednesday. January 1 at 4:00 PM

Ethereum co-founder Vitalik Buterin criticized Elon Musk for his aggressive rhetoric on X and advised against silencing users with bans. Buterin urged Musk to moderate his tone during a contentious debate on foreign tech workers, emphasizing the importance of free speech. Musk's defense of hiring immigrants in the US sparked backlash from some conservative followers, who accused him of censorship when premium features were allegedly removed from critical accounts. Buterin highlighted the need for leaders to set a positive tone and cautioned against the use of the 'banhammer' to control speech. He emphasized the detrimental effects of such measures on public discourse, advocating for a more constructive approach. Musk's recent persona change on X to 'Kekius Maximus' was noted, reflecting internet culture references. Overall, Buterin stressed the significance of fostering healthy dialogue and using influence for the greater good.

Cryptocurrency

Impact of Stock Market on Bitcoin and Crypto Prices

Wednesday. January 1 at 2:00 PM

A recent survey by management consulting firm Gallup indicates that two-thirds of Americans anticipate a rise in the stock market in 2025. However, a similar proportion also expects increased political conflict both domestically and internationally. The survey, conducted after Donald Trump's presidential win, reveals a shift in sentiment from previous years, with more optimism regarding economic growth and employment. The correlation between stock market performance and Bitcoin prices is highlighted, with historical data suggesting a link between the two. Despite positive outlooks for the crypto market in 2025, uncertainties such as political tensions and Federal Reserve decisions may impact Bitcoin's volatility. Overall, the survey reflects a mix of optimism and caution among respondents, with differing views based on political affiliations and economic factors.

Cryptocurrency

Switzerland's Bitcoin Reserve Proposal Approved by Swiss Chancellery

Wednesday. January 1 at 6:00 AM

Switzerland's Federal Chancellery has given the green light to the 'Bitcoin Initiative,' which proposes amending the Swiss Constitution to require the Swiss National Bank to hold some reserves in Bitcoin. The initiative, titled 'For a Financially Strong, Sovereign, and Responsible Switzerland,' was submitted on Dec. 5, 2024, with support from Bitcoin advocates. If approved, the central bank would allocate part of its reserves to Bitcoin and gold. Proponents believe this move could enhance financial resilience. However, critics warn of the risks associated with Bitcoin's volatility. The initiative's approval by the Federal Chancellery is just the first step, as it still needs to pass through the Federal Assembly and a nationwide referendum. If successful, Switzerland would be one of the first countries to include crypto in its monetary policy, potentially reshaping global central bank strategies.

Cryptocurrency