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Brazil’s Central Bank (BCB) has unveiled a proposal to effectively ban the transfer of stablecoins to self-custody wallets. This happens amid the Brazilian Real (BRL) hitting an all-time low against the US Dollar (USD), raising local economic concerns, as Finbold reported. The draft regulation aims to tighten control over cryptocurrency operations, in particular foreign-backed stablecoins, aligning them with traditional financial regulations. Brazil’s Central Bank targets stablecoins and self-custody On November 29, the BCB released a public consultation proposal to include virtual asset service providers (VASPs) in the foreign exchange (forex) market regulations. The move specifically targets stablecoins pegged to foreign currencies, like the USD-backed Tether (USDT), which is widely used in Brazil. Picks for you Why Bitcoin coul...

The founder of the Tron (TRX) blockchain is making headlines for eating a famously controversial piece of art. After winning Italian artist Maurizio Cattelan’s art piece “Comedian” last week in a Sotheby’s art auction for $6.2 million, Justin Sun made good on his promise today to eat the art installation, which was a banana duct-taped to a wall. Last week, Sun announced winning the art auction and his plans for the piece. “I’m thrilled to announce that I’ve bought the banana!!! I am Justin Sun, and I’m excited to share that I have successfully acquired Maurizio Cattelan’s iconic work, Comedian for $6.2 million. This is not just an artwork; it represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community. I believe this piece will inspire more thought and discussion in the future and will become a part of history. I am honored to be the proud owner of the banana and look forward to it sparkin...

The overall market sentiment is surprisingly negative, and cryptocurrency prices have been fluctuating for a while, including Bitcoin (BTC). BTC has surpassed its all-time high of $93,215 and went up to $98,453.70 earlier this month. Meanwhile, Ethereum (ETH) is currently striving to stabilize above $3,500. However, identifying the next cryptocurrencies to explode might take some work as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify coins with some potential and inform investors and traders about each token.  Next Cryptocurrency To Explode Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Pepe Unchained, a new Pepe-themed meme coin launched on its Ethereum Layer 2 blockchain. Within minutes, it attracted over $150,...

Ripple’s XRP token is currently outperforming the top 10 projects by market cap in the daily charts. The asset is also outperforming Bitcoin (BTC) and Dogecoin (DOGE) in the weekly charts. XRP’s weekly performance is only bested by Cardano (ADA), which has risen by more than 20% in the last week. Also Read: Amazon: Can AMZN be the 4th Company to Hit $3T Market Cap? XRP’s Latest Gains Source: CoinGecko XRP’s price is up 5% in the daily charts, 12% in the weekly charts, 93.4% in the 14-day charts, and 197.3% over the previous month. The asset’s price has also risen by 155% since late November 2023. XRP breached the $1 mark earlier this month for the first time since November 2021. Also Read: De-Dollarization: Countries That Are Cutting Ties With the US Dollar Can The Asset Hit $2 Soon? According to Changelly, Ripple’s XRP token will face a correction over the next month. The platform anticipates the asset to fall below the $1 mark by the end of December...

The crypto market surges as meme coins gain massive attention, with their market value reaching a record $120 billion, surpassing 2021’s peak. As Bitcoin hovers near its peak, the potential for a massive altcoin and meme coin rally appears imminent. With trends pointing toward increased market activity and robust trading volumes, this could be a prime opportunity for investors seeking to capitalize on emerging projects and strategic plays in the meme coin sector. Brett (Based) (BRETT) Brett (Based) is gaining significant traction as a standout meme coin on the Base Chain, which itself has shown exponential growth in recent weeks. Base Chain, a layer-2 blockchain associated with Coinbase, has seen its total value locked (TVL) climb to $3.4 billion, reflecting its increasing adoption and robust ecosystem. Brett (Based) capitalizes on this momentum, showcasing impressive resilience in the market despite broader corrections affecting other meme coins. Its current market cap stands...

On-chain sleuth ZachXBT alleges that a former professional Fortnight player from Australia has been involved in a series of meme coin scams that have stolen around $3.5 million collectively from investors. ZachXBT said in a Nov. 27 X thread that wallet addresses of the former Fortnight pro, who goes by the online alias “Serpent,” has “high exposure” to several meme coin scams launched through Pump.fun and that were promoted using compromised social media accounts. ZachXBT Says “Serpent” Was Involved In High-Profile Social Media Hacks ZachXBT said in the thread the former Fortnight player was involved in some of the biggest social media hacks this year, which all promoted fake tokens. These include the Aug. 21 McDonald’s Instagram account hack, which promoted a Solana meme coin called GRIMACE .  1/ Over the past few months I have been tracking a series of related compromises for McDonald’s, Usher, Kabosu Owner, Andy Ayrey, Wiz K...

A closely followed economist believes one popular Solana (SOL)-based memecoin may soon have an explosive breakout. Henrik Zeberg tells his 166,100 followers on the social media platform X that dogwifhat (WIF) may increase in the near-term by more than 337% from its current value. The analyst uses the Elliott Wave Theory to forecast a massive run for WIF. The theory states that an asset tends to witness a five-wave rally with wave three being the longest and the strongest move up. “Now get ready for the even bigger move. WIF seems to have concluded wave two and is now setting up for monster move. Next level in few weeks time around $12-$13!” Source: Henrik Zeberg/X In September, the analyst said WIF may soar to as high as $79.26 this cycle after breaking out of a key level. According to Elliott Wave principles, an ABCDE triangle indicates consolidation in an uptrend market could spark a strong rally once it is completed. “WIF: are you onboard? ...

Bitcoin (BTC) has retreated further from the highly anticipated $100,000 milestone, raising questions about the asset’s sustainability of the current bull run. The maiden cryptocurrency has plunged over 5% in the last 24 hours, trading at $91,950 as of press time.  On the weekly timeframe, BTC has corrected by a modest 0.13%, with the $90,000 level remaining a key support zone to watch. A drop below this spot could signal further losses as the post-election momentum appears to be fading. Picks for you The FBI’s Silk Road Bitcoin is now worth $6.4 billion 33 mins ago Top 2 crypto stocks to keep an eye on for 2025 1 hour ago Bitcoi...

The meme coin market currently boasts an impressive $54 billion market cap of over $60 billion and a trading volume of $8 billion. Notably, dog-themed tokens dominate this sector, holding a substantial share of the total market cap. These tokens are some of the best meme coins , accounting for almost 50 billion and contributing $4 billion to the overall trading volume. Although some consider these meme coins speculative assets susceptible to volatility, others regard them as tools for democratizing finance and fostering community engagement. This article highlights several meme coins with significant profit potential in today’s market. Best Meme Coins to Buy Today For investors who missed out on the early opportunities with Ethereum and Solana, Samoyed Coin, Wojak, and Solabrado offer compelling alternatives. These coins, priced below $1, present promising prospects for Ethereum- or Solana-like returns. In cryptocurrency investment, timing plays a crucial role.  Early inv...

The Polkadot price surged 55% in the last week and 4% in the last 24 hours to trade at $9.21 as of 03:06 a.m. EST on trading volume that plunged 56% to $1.9 billion. Polkadot Price Gearing Up For More Massive Gains The Polkadot price is in a strong upward trend, as evidenced by the sharp rise in price and the steep slope of the 50-day Simple moving average (SMA). DOT price has broken out of a prolonged consolidation range (marked in the white box) and is now trading significantly above both the 50-period MA (blue line at $6.67) and the 200-period MA (red line at $4.96), according to data from GeckoTerminal. This indicates bullish momentum. The Relative Strength Index (RSI) is close to the overbought zone (above 70), currently at 69. This indicates strong buying momentum but also warns of a potential pullback or consolidation in the near future. Historically, when RSI approaches these levels, a retracement or sideways movement often follows as buyers take profits. Moreover, the MAC...

A prominent crypto analytics firm is warning that on-chain data is indicating that traders are taking profits on their Cardano positions (ADA). Santiment says on the social media platform X ADA is flashing two bearish signals after an over 220% rally this month. According to the analytics firm, the massive upward move has incentivized traders to unload $165 million worth of ADA profits on November 22nd. “[November 22nd] was the highest day of trader realized ADA profits in eight months, and social media discussions are currently at their highest level for the coin in 11 months.”  Source: Santiment/X Santiment previously said that soaring social media discussions suggest that an asset may be forming a local price top. At time of writing, ADA is trading for $1.08, down over 4% on the day. Looking at the broader altcoin market, Santiment says that altcoins will likely continue to witness rallies as long as Bitcoin (BTC) trades above an immediate suppo...

Amid the spotlight on Bitcoin’s (BTC) march toward $100,000 and the rising popularity of meme coins, Solana (SOL) has quietly solidified its position as one of the top-performing digital assets in 2024. Over the past week, SOL has surged to $256, reflecting an impressive 45% weekly growth and reaching a record high of $264.50. This remarkable climb is not just riding on the broader market momentum but is also driven by Solana’s expanding ecosystem.  Adding to the momentum is the anticipation of spot Solana ETFs, which has ignited a wave of investor optimism, with AI-driven insights signaling the potential for even greater gains ahead. Picks for you Caution: United States recession probability sharply rises in 2024 34 mins ago Volatility st...