OptimusZ7 Presale: A New Layer 1 Blockchain For DeFi And Web3

The blockchain industry is at a crossroads. While early adopters saw the potential of decentralized networks, mainstream adoption has been held back by high fees, sluggish transactions, and a lack of seamless integration across different chains. OptimusZ7 is stepping up to change that.

This next-generation Layer 1 blockchain is built to handle real-world needs—fast, efficient, and secure. With a transaction capacity of 20,000 TPS, OptimusZ7 provides the infrastructure needed to power decentralized applications (dApps), Web3 services, and the next wave of financial innovation.

But here’s the real difference: OptimusZ7 isn’t just another blockchain project making promises. It’s an ecosystem designed for usability, designed for businesses, and—most importantly—designed for the future, OZ7 Presale Whitelist is now open

Pushing Blockchain Performance to Surprising New Heights

The blockchain industry is experiencing rapid growth, driven by institutional investment, regulatory shifts, and technological advancements. The approval and expansion of Bitcoin ETFs have further legitimized digital assets, attracting traditional investors to the market. 

Meanwhile, the DeFi sector continues to evolve, offering innovative financial products that challenge conventional banking systems. At the same time, competition among Layer 1 blockchains is intensifying, with networks striving to enhance scalability, efficiency, and user experience.

In this context, the sector continues to address scalability, decentralization, and security challenges. OptimusZ7 introduces an enhanced Proof-of-Stake (PoS) consensus mechanism, delivering faster transaction speeds, cost efficiency, and network security. Its optimization tools powered by artificial intelligence (AI) further enhance transaction processing and network efficiency.

OptimusZ7 is strategically positioned to address key challenges and create new opportunities:

  • Scalability and cost efficiency: OptimusZ7 reduces network congestion and transaction fees, making blockchain interactions faster and more affordable for users and developers.
  • Cross-chain interoperability: By enabling seamless connectivity between EVM and non-EVM blockchains, OptimusZ7 facilitates asset transfers and communication across multiple networks.
  • Security and decentralization: A robust decentralized validator network enhances security and reinforces trust in decentralized applications (dApps).
  • Blockchain gaming and NFTs: OptimusZ7 supports scalable gaming economies and digital collectibles, providing a solid foundation for GameFi and NFT-based platforms.
  • AI-enhanced blockchain performance: By integrating artificial intelligence, OptimusZ7 optimizes smart contract execution, improves network validation, and enhances overall efficiency.

These features position OptimusZ7 as a forward-thinking blockchain solution that not only adapts to current market trends but also contributes to the next phase of digital asset development. With its unique combination of scalability, interoperability, security, and AI-driven enhancements, OptimusZ7 seeks to play a crucial role in shaping the future of blockchain technology.

A Complete Ecosystem, Not Just a Blockchain

In order to address scalability, decentralization, and security challenges in the blockchain industry, OptimusZ7 offers the following key features:

  • Optimized smart contracts. OptimusZ7 uses highly efficient smart contracts designed to improve transaction speed and minimize costs. These contracts reduce gas fees while maintaining robust security, which ensures that decentralized applications (dApps) built on OptimusZ7 operate seamlessly.
  • Interoperability. OptimusZ7 can interact with both Ethereum Virtual Machine (EVM) and non-EVM compatible blockchains. This cross-chain functionality enables seamless asset transfers and communication between different blockchain ecosystems, which promotes a more connected and efficient decentralized financial infrastructure.
  • Decentralized validator network. OptimusZ7 is secured by a decentralized network of validators, ensuring high security and efficiency across the blockchain. Unlike centralized systems that rely on a limited number of validators, OptimusZ7’s distributed approach reduces the risk of network manipulation and enhances reliability.
  • Proof of Chain technology. To address scalability and data integrity challenges, OptimusZ7 implements its proprietary Proof of Chain (PoC) technology. This innovative consensus mechanism optimizes transaction finality, reduces latency, and ensures that data recorded on the blockchain is both verifiable and tamper-proof.
  • AI-driven tokens. OptimusZ7 integrates AI within its blockchain ecosystem, enabling AI-driven tokens that interact with smart contracts and decentralized applications. These tokens can be programmed to adapt based on real-time data, opening new possibilities for automated decision-making, predictive analytics, and self-executing financial instruments.

These features make OptimusZ7 suitable for AI-powered decentralized finance (DeFi) solutions and next-generation dApps across all sectors. OptimusZ7 offers a powerful, scalable, and intelligent blockchain infrastructure that caters to both developers and enterprises looking for enhanced security, efficiency, and interoperability.

OptimusZ7’s Decentralized Ecosystem

As part of its efforts to expand its blockchain ecosystem, OptimusZ7 integrates multiple applications and services:

Together, these integrated solutions form a robust decentralized ecosystem and foster accessibility, security, and efficiency across the OptimusZ7 blockchain network.

OZ7 Coin and Presale Information

OZ7 Coin is the native cryptocurrency of the OptimusZ7 blockchain and serves as the foundation for transactions, governance, and staking within the network. Designed to facilitate seamless interactions across the ecosystem, OZ7 plays a crucial role in maintaining network security, rewarding participants, and enabling decentralized applications (dApps) to operate efficiently.

OZ7 Coin: Key Features

  • Transaction fees: OZ7 is used to pay for transaction processing on the OptimusZ7 network, ensuring fast and low-cost transfers.
  • Staking and rewards: Holders can stake OZ7 to support network validation, earning rewards while contributing to blockchain security.
  • Governance: OZ7 holders gain voting rights on protocol upgrades and network decisions, allowing for a decentralized governance model.
  • Interoperability: As part of the OptimusZ7 ecosystem, OZ7 enables cross-chain functionality, facilitating seamless asset transfers between EVM and non-EVM networks.

Join the OZ7 Presale

The OZ7 Presale Whitelist is now open. It offers early supporters the opportunity to secure their allocation before the official sale begins. This is a limited-time chance for blockchain enthusiasts and investors to become part of the OptimusZ7 ecosystem at an early stage.

About OptimusZ7

OptimusZ7 is a Layer 1 blockchain designed for scalability, security, and interoperability. With a team of blockchain experts, it offers an infrastructure that supports DeFi, Web3 applications, and enterprise adoption. By incorporating AI-driven automation, it aims to improve efficiency and security in blockchain transactions.

📌 Learn more at OptimusZ7 Official Website.

Follow OptimusZ7 across its social network channelsTwitter | Telegram | LinkedIn

The post OptimusZ7 Presale: A New Layer 1 Blockchain For DeFi And Web3 appeared first on BeInCrypto.

CRO Surges to 30-Day High as Trump Media & Crypto.com Partnership Sparks Rally

Cronos (CRO) has skyrocketed over 30% in the past 24 hours, making it the top-performing altcoin in the market. 

The token is now trading at a 30-day high, fueled by renewed investor interest following the announcement of a partnership between Trump Media and Crypto.com. With the high demand for the altcoin, it could maintain this rally in the short term.

Cronos Surges as Trump Media & Crypto.com Explore ETF Partnership

On Monday, Trump Media and Crypto.com announced a partnership to explore launching ETFs, including one based on CRO, Bitcoin, and other assets. This development has driven bullish momentum in CRO, with technical indicators signaling a resurgence in the altcoin’s demand over the past 24 hours.

For example, after the partnership was announced, CRO’s Aroon Up Line soared to 100%. This indicator measures the strength and direction of a trend by tracking the time since the highest high (Aroon Up) and lowest low (Aroon Down) over a set period, typically 25 days. 

CRO Aroon Indicator.
CRO Aroon Indicator. Source: TradingView

When the Aroon Up line is at 100%, it indicates that a new high has been reached recently and that the uptrend is strong. This suggests sustained bullish momentum, especially if the Aroon Down line remains low, confirming minimal downward pressure. This is true of CRO, whose Aroon Down Line is currently at 0%.

Further, the altcoin’s Parabolic Stop and Reverse (SAR) indicator supports this bullish trend. At press time, the indicator’s dots rest below CRO’s price, offering support at $0.06. 

CRO Parabolic SAR.
CRO Parabolic SAR. Source: TradingView

The indicator identifies an asset’s potential trend direction and reversals. When its dots are placed under an asset’s price, the market is in an uptrend. It indicates an asset’s price is rising, and the rally may continue.

CRO Eyes Further Gains – But Can It Avoid a Selloff?

CRO trades at $0.109 at press time, having broken above the resistance at $0.089. With strengthening demand for the altcoin and growing bullish bias, it could extend its rally toward $0.126.

CRO Price Analysis
CRO Price Analysis. Source: TradingView

However, if selloffs begin, CRO could shed some of its recent gains and retest the support at $0.089. If the bulls fail to defend it, the token’s price could plunge to $0.068.

The post CRO Surges to 30-Day High as Trump Media & Crypto.com Partnership Sparks Rally appeared first on BeInCrypto.

Bitcoin Future at Risk? Experts Discuss the Biggest Threats Over the Next 5-10 Years

Bitcoin, the pioneering cryptocurrency, has reshaped how people worldwide perceive finance and money. However, as technology advances and external factors evolve, Bitcoin faces structural challenges that could impact its future existence and growth.

A recent discussion among industry leaders highlighted major risks that could pose a black swan event for Bitcoin’s future.

What Is the Biggest Threat to Bitcoin?

Lyn Alden, founder of Lyn Alden Investment, recently asked, “What is the biggest structural risk to Bitcoin in the next 5-10 years?” This question sparked significant attention and responses from investors, experts, and industry leaders, shedding light on pressing concerns.

One of the most frequently mentioned risks is the threat posed by quantum computing. Nic Carter, general partner at Castle Island Ventures, responded concisely: “Quantum.” His answer received widespread agreement.

“I increasingly agree. That was the catalyst for my thread/question, tbh,” Lyn Alden replied to Nic Carter.

Future quantum computers could break the encryption algorithms securing Bitcoin, such as the Elliptic Curve Digital Signature Algorithm (ECDSA), which safeguards Bitcoin wallets. If a sufficiently powerful quantum computer emerges, it could forge digital signatures, allowing attackers to steal Bitcoin from any wallet with an exposed public key.

According to research by River, a quantum computer with 1 million qubits could crack a Bitcoin address. Microsoft has claimed that its new chip, named Majorana, is paving the way toward this milestone. This raises an urgent question: how much time does Bitcoin have before it must become quantum-resistant?

Growth of Quantum Computing Qubits. Source: X

While the quantum computing threat is apparent, some argue that a more immediate challenge is whether the Bitcoin community can reach a consensus and implement quantum-resistant solutions in time.

“That’d be not coming to a consensus fast enough on the implementation of a quantum-resistant hashing algorithm,” Stillbigjosh, a former cybersecurity expert at Flutterwave, commented.

However, the founder of BlockTower, Ari Paul, pointed out that Bitcoin’s network faces a more immediate risk as attack costs have dropped significantly.

“Someone shorting 10%+ of BTC’s market cap then spending ~1/10th that to gain 51% control of hash power and mining empty blocks indefinitely, effectively turning off the network. Could fork the PoW algo, but just means the attack on the new network now costs <1/1000th the previous one,” Ari Paul noted.

The Risk of Conflict Between Bitcoin’s Decentralized Nature and Regulatory Oversight

Beyond technical challenges, some investors fear that government and institutional involvement will be Bitcoin’s biggest risk in the next 5-10 years.

“Government and institutional involvement changing the incentives of everything,” Investor Shinobi commented.

Bitcoin Holdings by Governments, Corporations
Bitcoin Holdings by Governments, Corporations, and Financial Institutions. Source: BitcoinTreasuries

Data from BitcoinTreasuries shows that over the past five years, Bitcoin holdings by private companies, public companies, governments, and ETFs have surged more than 12 times, from 210,000 BTC to over 2.6 million BTC. As a result, regulatory intervention could introduce legal pressures or unwanted changes to Bitcoin’s fundamental operations.

“The biggest structural risk is the friction between Bitcoin’s decentralized ethos and the increasing push for centralized regulatory oversight. In essence, as governments and large institutions tighten control and enforce compliance, the network might be forced to compromise on its core principle,” Investor MisterSpread warned.

The discussion sparked by Lyn Alden’s question suggests risks that could trigger black swan events for Bitcoin. It also reflects the growing awareness among industry leaders and investors about Bitcoin’s systemic risks in an era increasingly shaped by political stability and artificial intelligence.

The post Bitcoin Future at Risk? Experts Discuss the Biggest Threats Over the Next 5-10 Years appeared first on BeInCrypto.

Profiting From Bitcoin, XRP, and SHIB Volatility? How This AI Bot Makes Bear Markets Lucrative

Prices of cryptocurrencies fluctuate quite often. Expert traders can capitalize on them, but constant market monitoring and adjusting trade strategies are still required, especially during a bear market. 

However, with this exciting new platform called AlgosOne, which offers an AI-powered trade automation bot, be it volatility or a bear market, both can become extremely lucrative. 

So, let’s learn more about this exciting new platform and how it can help you profit from the rising prices of Bitcoin, XRP, and SHIB. 

What is AlgosOne?

AlgosOne is an AI-powered trade automation bot that offers exceptional profits from cryptocurrencies like Bitcoin, Ripple XRP, and Shiba Inu, even in a bear market. Users only have to deposit a minimum of $300 and then get on with their day because the bot handles all of the work, which gives users a reliable and stable income. 

The trading bot is powered by machine learning (ML) technology and trained on massive amounts of trading-related data. The bot constantly analyzes current news, top traders and their successful strategies, price action, and expert analysis. 

Like many other traders, you can also sign up now and make the most of AlgosOne’s limited-time 15% bonus on deposits and a two-week long risk-free trial. 

Risk Management of AlgosOne

Trading in market conditions like a bear market comes with several risks. That’s why AlgosOne offers a comprehensive risk management plan which includes the following: 

  • Transparency: It ensures transparency by providing users with clear and straightforward information about its trading process. During the entire journey, it maintains an open line of communication, supported by a dedicated customer support team. Hence, users are aware of where their funds are being invested or traded. 
  • Protection Against Liquidation: AlgosOne has a liquidation prevention method that ensures only 5% to 10% of the user’s total balance per trade is utilized. This helps prevent the liquidation of the user’s capital.
  • Funds Security: AlgosOne has also partnered with some of the world’s top digital asset security platforms, including Tier-A Banks. Client and company funds are kept in separate accounts spread across different banks, ensuring no single financial institute has full custody of all the capital.
  • Reserve Fund: AlgosOne offers a unique Reserve Fund that holds over $40 million. The reserve fund adds a further layer of protection by acting as insurance if things go sideways due to technical or market failure. In his review, Financial Expert Oli talks about the reserve fund and how it works on his algosone review on youtube.
  • Human Intervention: Because technology and human experience work best together, a team of financial experts is always present to oversee the entire trading experience. 
  • Assets Diversification: Lastly, AlgosOne doesn’t only profit from Bitcoin, XRP, and Shiba Inu; rather, it diversifies risk and invests in multiple other financial markets, including stocks, forex, commodities, bonds, and indices. 

AlgosOne AiAO Token

Trading Bitcoin, XRP, and Shiba Inu have many advantages, but AlgosOne’s AiAO token is also designed in a unique way, especially in a bear market, because of its tokenomics. 

Firstly, the AiAO token offers users a unique governance feature that includes voting rights. These rights allow holders to participate in platform decisions, which helps foster an engaged community. Secondly, the token also offers regular dividend payouts and is designed for value growth. A portion of these dividend payouts come from AlgosOne’s reserve fund.  

AiAO token offers users a great opportunity. Depending on which of the 16 stages a user enters and how early they do, the capital appreciation they will experience can be 500x. This is a return that Bitcoin, XRP, or Shiba Inu may not give. 

Positive Response of Traders

Many users have reported high gains after using AlgosOne, even in a bear market. Users also like AlgosOne for its high returns, intuitive design, and proper risk management strategy. 

Moreover, they also commend AlgosOne for letting them take the back seat while it does all the technical trading work for them. Long-term user Pieter of AlgosOne also shows this as how easily users can get acquainted with it and start earning profits.

AlgosOne’s 4.7-star rating on Trustpilot and 4.5-star rating on Google reviews show a positive user response. 

Conclusion

Profiting from cryptocurrencies like Bitcoin, XRP, and Shiba Inu can be extremely rewarding, but due to increased volatility during a bear market, it can become extremely risky. 

That’s why many traders are opting for AlgosOne. This AI-powered trading bot excels in every market condition and performs trade decisions on the user’s behalf with extreme precision and accuracy. With this, users get to enjoy profits without having to do any hard work! 

Want to grow your portfolio even in a bear market? Sign up for AlgosOne right now and make the most of your funds with no effort! 

The post Profiting From Bitcoin, XRP, and SHIB Volatility? How This AI Bot Makes Bear Markets Lucrative appeared first on BeInCrypto.

Circle’s USDC Becomes First Stablecoin Approved for Use in Japan

Circle’s USDC (USDC) has become the first and only stablecoin officially approved for use in Japan’s regulated financial market. This marks a significant step toward mainstream adoption of the stablecoin in one of Asia’s largest economies.

This move follows shortly after the Philippines’ leading digital wallet, GCash, added support for the dollar-backed coin.

SBI Holdings and Circle Bring USDC to Japan

In the latest press release, the company revealed a strategic joint venture with SBI Holdings, a major Japanese financial conglomerate. The partnership will see SBI VC Trade, a cryptocurrency exchange under SBI Holdings, launch USDC trading on March 26, 2025. 

Other prominent exchanges, including Binance Japan, Bitbank, and BitFlyer, are set to follow suit, further expanding USDC’s reach in the region. The approval comes after SBI VC Trade secured regulatory clearance from the Japan Financial Services Agency (JFSA) on March 4, 2025.

Circle’s expansion into Japan through its local entity, Circle Japan KK, signals growing institutional confidence in USDC’s reliability and utility. By integrating USDC into Japan’s digital finance ecosystem, Circle aims to provide secure solutions for payments, settlements, and treasury operations, potentially setting a precedent for stablecoin adoption globally.

Jeremy Allaire, Co-founder and CEO of Circle, celebrated the achievement in a statement on X (formerly Twitter).

“We have spent 2+ years engaging with Japan’s regulators, major industry players, strategic partners, banking partners, and others to enable USDC for the Japanese market, which unlocks tremendous opportunities not just in trading digital assets but more broadly in payments, cross-border finance and commerce, FX and more,” Allaire stated.

The launch highlights Japan’s forward-thinking approach to blockchain technology and digital finance. The country has been at the forefront of Web3 adoption, with clear regulations on stablecoins already in place.

Yoshitaka Kitao, President and CEO of SBI Holdings, stressed that Circle’s entry into Japan will enhance financial accessibility and drive innovation in the digital economy.

“We believe this initiative will enhance financial accessibility and drive digital asset innovation, aligning with our broader vision for the future of payments and blockchain-based finance in Japan,” Kitao said.

This development comes as USDC continues to experience significant global growth. According to Circle’s 2025 report, the stablecoin’s monthly trading volume hit $1 trillion in November 2024. Moreover, its all-time trading volume surpassed $18 trillion. 

That’s not all. USDC’s circulation grew by 78% year-over-year. The report also shed lights on USDC’s expanded accessibility to more than 500 million user wallets worldwide. Circle expects this growth to continue in 2025. 

“Beyond the US dollar’s preeminent role in trade, payments, and global finance, three factors are poised to accelerate the adoption and utility of USDC. First, legal and regulatory clarity; second, the scalability of new blockchain networks; and third, superior UX,” the report added.

The post Circle’s USDC Becomes First Stablecoin Approved for Use in Japan appeared first on BeInCrypto.

Bitcoin Price Faces Major Risks at $90K Zone as BTC Options Volume Nears $800M

BTC Above $85k: Why Is The Bitcoin Price Up Today?

Bitcoin’s price rose 2.6% on Sunday, March 23, crossing the $86,000 mark after a three-day consolidation around $84,000. With growing market optimism following the recent Fed rate pause, speculative BTC traders deployed increased leverage over the weekend. Will BTC advance above $90,000, or will it reverse to $80,000 in the week ahead?

Bitcoin (BTC) Retakes $85,500 After Three-Day Consolidation

After a prolonged consolidation phase, Bitcoin (BTC) made a major recovery bounce on Sunday. Following Trump’s appearance at Blockworks’ Digital Asset Summit, many short-term traders opted to take profits on their BTC holdings.

Despite the decline, Bitcoin continues to find buyers, as the recent U.S. Fed rate pause announced on Wednesday prompted macro-sensitive capital to flow toward risky assets.

Bitcoin price action, March, 24 2025 
Bitcoin price action, March, 24 2025

Bullish tailwinds from the Fed rate pause counteracted the downward pressure from profit-taking, leading to a three-day stalemate at the $84,000 level since Thursday.

However, as sell-side pressure subsided, BTC price recorded a major breakout above $86,000 on Sunday, March 23. The chart above shows how BTC rose 2.6%, hitting a daily peak of $85,600.

BTC Options Volume nears $800M as Whales Return After Fed Rate Pause

Bitcoin price demonstrated remarkable resilience consolidating around $84,000 over the past three days, as macro-sensitive institutional investors reassess their stance on U.S. economic policies.

Earlier this month, fears of inflationary pressure from Trump’s proposed tariffs triggered a cautious retreat from risk assets, including Bitcoin. However, with recent CPI and PPI reports showing inflation cooling and the Federal Reserve opting to pause rate hikes, large investors appear to be re-entering the market.

This shift in sentiment is reflected in broader financial markets. The S&P 500 surged by 32 points following the Fed rate pause, signalling renewed risk appetite. As Bitcoin mirrors this trend, it has seen a sharp uptick in speculative trading activity from large investors.

Validating this stance, Coinglass derivatives market data shows BTC’s options trading volume skyrocketed 24% in the last 24 hours, pushing total volume above $793 million.

Bitcoin Derivatives Market Analysis, March 24 | Coinglass
Bitcoin Derivatives Market Analysis, March 24 | Coinglass

What Does 24% Options Trading Surge Mean for Bitcoin Price Action This Week?

Options trading is a derivatives market strategy that allows traders to bet on the future price movements of an asset without directly purchasing it. This technique is particularly popular among institutional investors and whales because leverage enables traders to control large positions with relatively small capital, amplifying returns, especially during periods of market volatility.

Given that options trading volume surged 24% over the last day, it suggests that whales and institutional investors are taking bullish positions on BTC’s near-term price movements.

Why is BTC Options Volume Rising?

The renewed interest in BTC options trading aligns with key macroeconomic narratives:

  • Fed Rate Pause Fuels Risk Appetite – With the Fed pausing rate hikes, liquidity-sensitive assets like Bitcoin become more attractive.
  • S&P 500 Rally Indicates Broader Market Confidence – TradFi investors reallocating capital to stocks may also be expanding exposure to BTC.
  • Altcoin Season Rotation – With BTC holding steady above $85,000, traders are betting on volatility to capture short-term gains.

Bitcoin Price Forecast: Data Supports Bullish Outlook, But $90K Flip Unlikely

Beyond options trading, other key metrics reinforce a positive BTC outlook for the week ahead:

  • Open Interest Rose 3.88% to $54.04B – A sign that new capital is entering the derivatives market.
  • Long/Short Ratio at 1.28 on OKX & 1.2217 on Binance – Indicates more traders are placing long bets.
  • Liquidations Favor Shorts – Over the last 12 hours, $14.2M in short positions were wiped out, compared to just $2.82M in longs.

With Bitcoin showing strong demand above $86,000 and institutional investors actively positioning through options, a bullish breakout toward $90,000 remains a distinct possibility. However, signals on the daily Bitcoin price forecast charts below suggest the rally could face significant resistance below the $90,000 mark.

Bitcoin Price Forecast: BTCUSD Technical Indicators Signal $90,000 Resistance
Bitcoin Price Forecast: BTCUSD Technical Indicators Signal $90,000 Resistance

Despite these bullish signals, the technical chart presents a nuanced picture. While Bitcoin has reclaimed $85,600, the looming death cross—where the 50-day moving average trends below the 200-day moving average—remains a cause for concern. This bearish formation suggests that unless BTC can decisively break above $87,200, a retracement toward the $80,000 region remains plausible.

Bulls must clear this key resistance zone to sustain momentum toward $90,000. If BTC fails to establish support above $87,200, bears could regain control, triggering a potential pullback.

The post Bitcoin Price Faces Major Risks at $90K Zone as BTC Options Volume Nears $800M appeared first on CoinGape.

IMF Includes Bitcoin in Global Standards – Dennis Porter Clears Up ‘Digital Gold’ Confusion

IMF’s New Crypto Classification Explained_ Bitcoin, Stablecoins, and Staking

The post IMF Includes Bitcoin in Global Standards – Dennis Porter Clears Up ‘Digital Gold’ Confusion appeared first on Coinpedia Fintech News

Recently, the IMF (International Monetary Fund) has updated its balance of payments standards to account for the increasing importance of digital assets. For the first time, cryptocurrencies like Bitcoin (BTC) are officially recognized in global economic reports.

However, this sparked a wave of discussion in the crypto community where many claimed that the IMF had referred to Bitcoin as “digital gold.”This quickly caught the attention of many in the space, fueling debates and speculation across social media. However, Dennis Porter, a well-known voice in the space, quickly questioned this interpretation, asking, “Can anyone point to exactly where the IMF says Bitcoin is ‘digital gold’?”

Dennis Clarifies The Confusion

After diving into the IMF’s statement, Dennis clarified the source of the confusion. The IMF actually referred to Bitcoin as a “new digital asset designed to be used as a means of payment or act as a store of value.”

He remarked that the phrase “designed to be” is crucial here and it doesn’t necessarily mean that the IMF is officially endorsing Bitcoin as “digital gold” or guaranteeing its stability or value like gold. It’s more about recognizing Bitcoin’s potential, not confirming it as a proven asset. The “store of value” idea for Bitcoin is debated due to its volatility. Unlike gold, which has a long history of stability, Bitcoin’s price can fluctuate significantly.

IMF Provides Guidelines on Tracking Digital Assets

The IMF’s latest update to the Balance of Payments Manual (BPM7) now includes cryptocurrencies like Bitcoin (BTC) in its global economic framework. This is the first time the IMF has provided clear guidelines on how digital assets should be tracked in global financial stats, marking a big step for crypto in the financial world.

Cryptos like Bitcoin are classified as non-productive capital assets, while stablecoins are treated as financial instruments. The update also changes how cross-border crypto transactions, staking, and mining are tracked, with mining and staking now recorded as services in a country’s computer services exports/imports.

This update is a big step in officially recognizing digital assets as part of the global economy, helping to track and regulate them better in the future.

The post IMF Includes Bitcoin in Global Standards – Dennis Porter Clears Up ‘Digital Gold’ Confusion appeared first on Coinpedia Fintech News
Recently, the IMF (International Monetary Fund) has updated its balance of payments standards to account for the increasing importance of digital assets. For the first time, cryptocurrencies like Bitcoin (BTC) are officially recognized in global economic reports. However, this sparked a wave of discussion in the crypto community where many claimed that the IMF had …

Coinbase CLO Slams U.S. Treasury for Avoiding Final Ruling in Tornado Cash Case

The post Coinbase CLO Slams U.S. Treasury for Avoiding Final Ruling in Tornado Cash Case appeared first on Coinpedia Fintech News

On Friday, the U.S. Treasury lifted sanctions on crypto mixer Tornado Cash, a crypto firm accused of helping launder over $7 billion for cyber criminals, including North Korean hackers. In 2022, the Treasury blacklisted Tornado Cash for its role in laundering $455 million stolen by the Lazarus hacking group.

The Move Sparks Criticism From Grewal

But the move has sparked strong backlash. In a latest X post, Coinbase’s Chief Legal Officer, Paul Grewal, has publicly criticized the U.S. Treasury for its handling of Tornado Cash’s delisting. He argues that the Treasury is wrongly trying to avoid a final court decision.

Grewal is criticizing the U.S. Treasury for continuing legal actions against Tornado Cash, even after it was removed from the Specially Designated Nationals (SDN) list. The Treasury now claims that a final court decision is unnecessary, but Grewal argues that this is against legal procedures.

He shared that this is only valid if the defendant can prove the issue won’t happen again. He also mentioned past cases where sanctions were lifted but the case stayed open, allowing them to be reimposed later.

“Here, Treasury has likewise removed the Tornado Cash entities from the SDN, but has provided no assurance that it will not re-list Tornado Cash again.  That’s not good enough, and will make this clear to the district court,” noted Grewal.

Grewal’s criticism comes during a long legal battle where Tornado Cash users challenged the Treasury’s decision to add the mixer to the SDN list. The users argued that the smart contract didn’t qualify as property under the International Emergency Economic Powers Act (IEEPA) because it’s non-erasable. 

Although the court sided with the users, clarifying the status of the Tornado’s smart contract, despite this, Grewal criticized the Treasury for not fully following the court’s ruling.

Coinbase, Ethereum Foundation Back Tornado Cash

Tornado Cash has been supported by groups like Coinbase and the Ethereum Foundation, which are backing lead developer Alexey Pertsev’s defense. The legal battle has been intense, with supporters claiming the Treasury’s actions were unfair and lacked clear legal grounds. 

Lifting the sanctions against Tornado Cash is an important step in the ongoing debate over how crypto mixers should be regulated. The Treasury lifted them after reviewing legal issues but still expressed concern over North Korea’s use of digital assets for hacking and money laundering.

The post Coinbase CLO Slams U.S. Treasury for Avoiding Final Ruling in Tornado Cash Case appeared first on Coinpedia Fintech News
On Friday, the U.S. Treasury lifted sanctions on crypto mixer Tornado Cash, a crypto firm accused of helping launder over $7 billion for cyber criminals, including North Korean hackers. In 2022, the Treasury blacklisted Tornado Cash for its role in laundering $455 million stolen by the Lazarus hacking group. The Move Sparks Criticism From Grewal …

Pi Coin Price Prediction: Can Pi Network Hit $2 Despite Binance Blow?

The post Pi Coin Price Prediction: Can Pi Network Hit $2 Despite Binance Blow? appeared first on Coinpedia Fintech News

The crypto market experienced another busy week, with major events shaking up the landscape. The U.S. Federal Open Market Committee (FOMC) made its decisions, and the long-running XRP lawsuit was finally resolved, bringing relief to the community. However, the Pi Network faced some tough challenges. 

The migration and Know Your Customer (KYC) process are now complete, but many users were unable to claim their tokens. As a result, Pi fell behind the market, leading to doubts about whether now is a good time to buy. 

Among the top 100 cryptocurrencies, Pi was the worst performer last week, losing more value than the rest. A big blow came when Binance refused to list Pi. They stated that any token not listed on the Binance Smart Chain is not eligible for a vote, disqualifying Pi from consideration.

What’s Next For Pi Coin Price?

The Pi token dropped below the $1 mark, after hitting an all-time high of $3 following its Open Network launch on February 20. It hit the lows of around $0.70, leaving many investors uncertain about the future. However, it has now bounced back, trading at around $0.96. Despite the downturn, analysts are spotting potential for a rebound and there are signs that a breakout could happen. If the support level holds strong, Pi could push back toward $2.

The trading volume saw an initial spike but later declined, showing that sellers are currently in control, weakening the momentum of buyers. Ater a 3% drop, the price is approaching the critical $0.70 support level, and if this breaks, it could lead to further drops, potentially down to $0.50 or $0.10.

On the bright side, if Pi reclaims the $1 level, it could trigger an upward move toward $1.20, offering hope for a recovery.

The post Pi Coin Price Prediction: Can Pi Network Hit $2 Despite Binance Blow? appeared first on Coinpedia Fintech News
The crypto market experienced another busy week, with major events shaking up the landscape. The U.S. Federal Open Market Committee (FOMC) made its decisions, and the long-running XRP lawsuit was finally resolved, bringing relief to the community. However, the Pi Network faced some tough challenges.  The migration and Know Your Customer (KYC) process are now …

Analyst Predicts Dogecoin Price Rally To $20, Here’s When

Over 120M DOGE bought in a week, signaling strong bullish sentiment and potential for a breakout above $0.18.

Dogecoin (DOGE) has been experiencing a period of consolidation, but some analysts are predicting a potential price rally to $20. Despite recent challenges in the market, including heightened volatility, some believe that the top meme coin could see significant upward movement soon. 

According to crypto analyst Ali charts, the current market structure and on-chain data suggest that a breakout could be imminent, potentially setting the stage for a dramatic rise in Dogecoin price.

Dogecoin Price Market Trend, DOGE Rally Looming?

Dogecoin has remained in a tight consolidation range since March 11, trading between $0.16 and $0.18. This range has become a critical battleground, with investors waiting for clear direction. On-chain data, however, paints a different picture. Over the past week, DOGE whales have accumulated over 120 million Dogecoin, signaling a possible shift in market sentiment.

DOGE Price
Source: X

Despite the sideways movement in price, this accumulation trend suggests that large holders are positioning for a potential price surge. Analysts believe that this increased whale activity could be the foundation for a future rally. 

If the meme coin manages to break through the $0.18 resistance zone, it could potentially trigger the next phase of its upward trend. According to some analysts, this could eventually lead to the much-anticipated $20 target, although the timing and specific market conditions remain uncertain.

Fibonacci Levels and Trend Channel Support

Dogecoin price chart shows that the meme coin has established an upward trend. This pattern has been there since early 2015 and has shown long-term sustainability in terms of support. DOGE price is at the mid-market trend at the moment and if the support trend line holds, it can continue an upward movement.

Besides the trend channel, the price of Dogecoin is currently hovering close to the 0.5 Fibonacci level that has served more or less as a support and resistance level. A move above the 0.618 level could signal a bullish continuation, with some analysts like Ali charts predicting a price increase toward higher levels. If this trend holds, the path toward a $20 price target may become more feasible.

Whale Accumulation as a Bullish Signal

On-chain data from analysts such as Ali Martinez highlights the recent surge in DOGE whale activity. Over 120 million Dogecoin has been accumulated in just one week, a sign that large holders are positioning themselves for a potential rally. Whale behavior is a key indicator in predicting future price movements, and this accumulation trend suggests growing confidence in Dogecoin’s prospects.

Many analysts believe that if the price breaks through key resistance levels, such as the $0.18 zone, Dogecoin could see upward movement. The current accumulation of whales is a supportive factor for this potential rally. 

Concurrently, another analyst Kevin, according to his forecast, Dogecoin price is currently at a crucial support level, holding around $0.139, which serves as the last line of bull market support. The weekly demand candle from last week signals potential strength, but maintaining this level is key as the 3-day MACD, weekly Stoch RSI, and 2-week Stoch RSI approach full resets. 

If the top meme coin loses $0.139 on weekly closes, it could signal downside risk, but the risk-reward ratio remains highly favorable for traders looking to enter. With Bitcoin holding above $70K, this setup suggests Dogecoin price could be gearing up for a strong upside move.

The post Analyst Predicts Dogecoin Price Rally To $20, Here’s When appeared first on CoinGape.