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Vietnam has legalized cryptocurrencies via the passage of a new bill into law in a bold embrace of digitization. Apart from giving the nod to Bitcoin, the new law will lay the foundation for digital innovation across the Southeast Asian country. Vietnam Recognizes Bitcoin In Historic Move The National Assembly of Vietnam has passed the
The post Vietnam Recognizes Bitcoin And Other Assets With New Legislation appeared first on CoinGape.
Dogecoin Reserve Live:- In an exciting announcement for the 3.83 million Dogecoin community or ‘Shibes’, House of Dogs has announced the creation of the Official Dogecoin Reserve to drive Dogecoin as a mainstream global payment solution.
House the Doge (HoD), the new entity announced by Timothy Stebbing in Feb 22 X post, was formed after he turned down several big names and corporations for Dogecoin adoption partnerships by not finding them “genuine enough”. He had already hinted the HoD will be aggregating mined Dogecoin to create a large Dogecoin Reserve & Treasury for streamlining its global adoption.
Following this announcement, Doge price has experienced a notable surge of upto 10%, with prices reaching approximately $0.19 as of writing.
Notably, the announcement comes at a time when the global crypto payments solutions have been gaining traction with many other entities making efforts recently. However, such real-world payment solutions have been more focused on Bitcoin, stablecoins such as USDT, USDC, in comparison to the utility of Dogecoin or other altcoins in such Payments.
Aimed at improving the transaction lag times that have historically restricted the widespread adoption of digital currencies as real-world payment solutions, the reserve aims to build the Doge-powered global payments ecosystem.
It aims to benefit merchants by facilitating fast and efficient transactions using Dogecoin which currently processes at the rate of 60sec/transaction.
As of March 25, 2025, Dogecoin (DOGE) holds the 8th position in global cryptocurrency market capitalization rankings with its current market cap standing at approx. $27.15 billion USD.
Timothy Stebbing, Director of Dogecoin Foundation, right after the Doge Reserve news, expressed his enthusiasm by suggesting that use of Dogecoin for mobile or government Payments, at POS Terminals or for Online Shopping would be really “too cool”.
Notably, the Dogecoin Reserve is creating a proof of concept with the initial purchase of 10 million Dogecoin at current Market price. As Tim suggested, since the inception of House of Dog, it has been raising millions of dollars via the largest Dogecoin mining operation assemble in North America with a goal of 10,000 ASICs by the end of the year.
To guide the accelerating adoption of its payment system, it will also introduce cashback offers for both users and merchants and is aiming at significant partnerships in near future.
1. How much time Dogecoin Transactions Take in comparison to BTC?
Notably, under typical conditions, a Dogecoin transaction can be confirmed within about 60 seconds, offering a significant speed advantage over Bitcoin’s average confirmation time of around 10 minutes.
2. How much a Dogecoin Transaction Costs?
It offers substantially lower transaction costs – currently standing at 0.341 DOGE ($0.063) – compared to legacy payment modalities and interchange.
3. Dogecoin or Bitcoin Transaction: Which is Better?
The HoD while making Dogecoin Reserve announcement emphasized its inflationary model which ensures ongoing liquidity – with the addition of 5.2 billion new coins every year as compared to Bitcoin’s fixed cap. While this ensures liquidity, it also raises concerns about long-term value retention, as an unlimited supply can lead to inflation and reduce purchasing power.
Dogecoin Reserve doesn’t come as the first such instance. House of Doge, the five-year corporate partner of Dogecoin Foundation has been making efforts towards making Dogecoin, the Global currency. Last month it partnered with IndyCar Driver with Devlin DeFrancesco and Rahal Letterman Lanigan Racing to bring Dogecoin to the Indianapolis 500. This initiative included launching the Dogecoin Indy 500 Voting and Donation Platform, allowing fans to participate and support charitable causes.
Further, one of the most prominent adopter of Dogecoin has been Elon Musk who has allowed customers to buy Tesla’s innovative products using Dogecoin. Additionally, Musk has also hinted at expanding Dogecoin’s use within his other ventures, such as X (formerly Twitter), where he has suggested integrating crypto payments, including DOGE.
His space exploration company, SpaceX, has also accepted Dogecoin for certain merchandise purchases and even announced plans for the DOGE-1 lunar mission, a satellite project funded entirely in Dogecoin.
Another such Instances include:
However, there are certain challenges before it can achieve the global label. Confirmation times may extend for Dogecoin transaction for up to 30 minutes or more during periods of high network congestion. It also needs to compete with the already growing adoption of Stablecoins for transactions as their processing can be completed in a matter of seconds.
Although companies like Tesla and some retailers accept DOGE, mainstream adoption is still limited. Most global businesses and financial institutions prefer Bitcoin, Ethereum, or stablecoins for crypto payments due to their perceived stability and institutional backing.
Dogecoin’s price fluctuates significantly, driven by market speculation, social media trends, and influencer endorsements (notably Elon Musk). This can make it difficult for businesses and consumers to rely on DOGE for everyday transactions.
Further, Dogecoin’s proof-of-work (PoW) mechanism is similar to Bitcoin’s but has a much smaller mining network, making it more vulnerable to 51% attacks, thus, raising significant security concerns.
Thus, while initiatives like the Official Dogecoin Reserve and strategic partnerships enhance Dogecoin’s potential as a global currency, its future prominence will depend on broader market dynamics, regulatory developments, and sustained community support.
The post Dogecoin Reserve Goes Live – Could DOGE Be the Next Global Currency? appeared first on CoinGape.
Hedera (HBAR) is trading dangerously close to the key psychological level of $0.20, with technical indicators flashing mixed signals. The BBTrend has turned slightly positive at 0.97 but continues to struggle to break above the bullish confirmation level of 1, signaling weak momentum.
Meanwhile, the RSI has dropped sharply from near-overbought territory to a neutral 49.58, reflecting fading confidence after Bitcoin’s recent decline. With HBAR hovering at a make-or-break level, traders are watching closely to see whether support holds or if a deeper correction happens.
The BBTrend (Bollinger Band Trend) indicator measures the strength and direction of price trends based on how far prices deviate from a moving average within the Bollinger Bands.
Positive values suggest upward momentum and buying strength, while negative values indicate downward pressure. The deeper the value, the stronger the trend, making it useful for spotting breakouts or trend reversals.
When BBTrend hovers near zero, it signals indecision or consolidation, and sustained values above 1 are typically seen as confirmation of a bullish move gaining traction.
HBAR’s current BBTrend reading of 0.97 marks a recovery from its recent bearish phase, where it bottomed at -8.99 on May 19 and remained negative through May 22.
This return to positive territory suggests momentum is attempting to shift in Hedera’s favor, but the inability to hold above 1 points to fragile bullish conviction.
While the reading reflects an improving trend, it also highlights hesitation from buyers, indicating that HBAR may remain range-bound unless stronger momentum emerges.
Hedera’s Relative Strength Index (RSI) has dropped to 49.58, falling sharply from 69.91 just a day earlier.
This sudden shift reflects a clear loss of buying momentum, as broader market sentiment turned risk-off following Bitcoin’s 3% drop in response to Donald Trump’s threat of imposing a 50% tariff on the European Union.
The RSI’s decline highlights how quickly investor confidence in HBAR faded alongside BTC’s pullback, pulling the token back into neutral territory after nearly touching overbought conditions.
The RSI is a momentum indicator that measures the magnitude of recent price changes to evaluate whether an asset is overbought or oversold.
It ranges from 0 to 100, with levels above 70 typically signaling overbought conditions and potential for a pullback, while values below 30 suggest oversold conditions and potential for a rebound.
With HBAR’s RSI now sitting near the midline, the token lacks a clear trend, indicating indecision among traders. For momentum to return, HBAR would need either renewed bullish sentiment or broader market stabilization—particularly from Bitcoin.
Hedera price is currently at a critical technical juncture, hovering just above the psychological level of $0.20. If bearish momentum persists, the token is at risk of breaking below this level and could slide toward the next support at $0.192.
A breach there would expose further downside to $0.184, potentially accelerating short-term selling pressure.
This scenario reflects broader weakness in the crypto market, particularly after Bitcoin’s recent pullback.
However, if sentiment stabilizes and HBAR reverses course, the first resistance to watch is at $0.209. A successful breakout above this level could open the door to a move toward $0.228, a zone that would likely require strong volume and broader market support to reclaim.
The post Hedera (HBAR) Tests $0.20 Support as Momentum Wanes appeared first on BeInCrypto.
Leading cryptocurrency Bitcoin (BTC) broke above the $95,000 psychological barrier on Thursday, driven by renewed confidence among long-term holders.
With key on-chain metrics pointing to a slowdown in exchange-bound inflows, the coin may soon reclaim the $100,000 price mark.
According to on-chain data from CryptoQuant, the number of unique wallet addresses sending BTC to exchanges has dropped to its lowest level since 2017. This currently sits at 19,282 addresses, falling by over 60% over the past month.
This metric, commonly interpreted as a measure of sell-side pressure, suggests that fewer investors are looking to offload their holdings, reinforcing the current bullish sentiment in the BTC market.
Historically, low exchange inflows like this have aligned with periods of strong price performance. Reduced selling activity tightens the coin’s supply on trading platforms, driving up BTC’s value.
Moreover, the spike in BTC’s Taker Buy Sell Ratio on leading cryptocurrency exchange Binance adds to this bullish narrative. In a new report, CryptoQuant analyst Amr Taha noted, “the most recent data point shows a sharp increase to 1.142, the highest level in this range.”
This metric measures the ratio of buy orders executed against sell orders in the futures market. A taker buy-sell ratio below one indicates that more sell orders are being executed, suggesting a shift in market sentiment from bullish to bearish.
When this ratio is above one, there are more buy orders than sell orders. This indicates that more market participants are aggressively buying BTC rather than selling it, suggesting a demand-driven market.
The rising ratio on Binance is particularly significant, as it signals growing demand for the coin on the largest cryptocurrency exchange by trading volume. If this trend holds, BTC’s price could continue to climb.
On the technical side, readings from BTC’s Elder-Ray Index confirm the strengthening demand for the coin. On the daily chart, the histogram bars of this indicator have expanded in size over the past few days, highlighting an increasing buildup of buying pressure in the market.
The Elder Ray Index measures the strength of buying and selling pressure in the market, using two key components: Bull Power and Bear Power. When the size of its bars increases and its value is positive, it indicates growing buying pressure. It suggests the market is in an uptrend with increasing strength behind the bullish movement.
If this continues, BTC could smash through the resistance at $98,983, reclaim the $100,000 price mark, and charge toward $101,070.
However, if profit-taking activity resumes, this bullish projection will be invalidated. In that scenario, BTC could resume its downward trend, break below $95,971, and trend to $91,851.
The post Bitcoin (BTC) on Track for $100,000 as Exchange Inflows Hit 7-Year Low appeared first on BeInCrypto.
