Author: John Smith

The National Bank of Cambodia has given commercial banks and payment firms permission to provide crypto-related services, but not for Bitcoin and other unbacked tokens. According to the Phnom Penh Post, the NBC formally declared the decision to allow banks to provide services involving Category 1 crypto assets on Dec. 27. Category 1 crypto asset are cryptocurrencies backed by fiat, including stablecoins such as USD Coin (USDC), USDT (USDT) as well as central bank digital currencies. Though, this also means that Bitcoin (BTC), Ethereum (ETH) and other standalone cryptocurrencies are still prohibited in Cambodia. Under this new law, all commercial…

The NFT project Pudgy Penguins launched its token, PENGU, on December 17, 2024. On that day, the token reached its maximum price, peaking at $0.05738. However, following the launch, the price of Pudgy Penguins (PENGU) began to decline rapidly, hitting a low of $0.02302 by December 20. As of December 26, the PENGU coin experienced a slight recovery, rising nearly 35% over the week and is currently trading at $0.03865. Given these fluctuations, what is the Pudgy Penguins price prediction for 2025 and beyond? How high can PENGU go? What is PENGU? PENGU is the fun and whimsical cryptocurrency token…

Minister of Justice Bojan Božović approved extraditing Terraform Labs founder Do Kwon to the United States. The Montenegrin Justice Minister has signed an order to hand Do Kwon over to U.S. authorities instead of his home country, South Korea, according to local media Vijesti. Both governments have investigated Kwon and wrestled for his extradition concerning the $60 billion Terra-Luna fiasco.  In 2022, Kwon’s Terra blockchain imploded and wiped out a glut of over-leveraged crypto businesses. The bankruptcy avalanche swept firms like Three Arrows Capital, BlockFi, and even FTX. Kwon fled as the crypto market depression thickened, and Interpol issued a…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto is a highly technical, engineering-led category built by people who are solving really hard math, cryptography, software engineering, and logical problems. However, as the industry prepares itself for a wave of optimism and friendly regulation in 2025, the projects that rest on their technical laurels will be doing themselves a disservice. I don’t blame technical crypto teams for being skeptical of marketing. In this category, you’ll come across many self-branded “web3” or “crypto” marketers who are…

A report on the 2024 Kyrgyz government revealed crypto mining taxes contributed only around $535,000. This value dropped by nearly half compared to last year’s crypto mining tax collection. According to a budget document released by the Kyrgyzstan Ministry of Economy and Finance, cryptocurrency mining taxes have fallen by 50% this year. Crypto mining tax collection amounted to over 46.6 million Kyrgystani soms this year or worth around $535,000. Meanwhile, last year’s crypto mining tax collection reached 93.7 million soms, worth around $1.08 million. Not only that, local media outlet 24.kg reported that the Ministry of Finance found a decrease…

Popcat, a Solana meme coin that has soared by over 4,400% in 2024, is losing market share as its token plunges.  Popcat (POPCAT) price has plunged by over 62% from its highest level this year, pushing its market cap to $762 million. It has moved from being the second-biggest Solana meme coin into the sixth after being passed by Pudgy Penguins, Dogwifhat, Fartcoin, and ai16z.  Popcat price has crashed as smart money investors continued selling their holdings. According to Nansen, the number of smart money investors holding the token has dropped from over 70 to 30. Tokens held by these…

Virtuals Protocol price surged by over 23,000% in 2024, becoming the best-performing altcoin in the crypto industry. Virtuals Protocol (VIRTUAL) soared from the year-to-date low of $0.02234 in August to $3.4 on Dec. 27. This rally happened because of the rising hype surrounding artificial intelligence agents. AI agents are software tools that use AI to perform tasks for the end user. Virtuals Protocol hopes to become the crypto industry’s biggest decentralized AI agent network by allowing users to create these agents. Some of its top agents have achieved a multi-million market cap. For example, G.A.M.E has a market cap of…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogecoin eyes a 2025 rally while Rollblock’s GameFi solutions positions it to outpace DOGE, SOL, and XRP with real-world utility. Dogecoin is preparing for an explosive rally in 2025 while Solana and XRP face an uncertain market sentiment. Even if Dogecoin surpasses SOL and XRP soon, can it compete with Rollblock’s GameFi project? Let’s find out. Rollblock takes the lead with decentralized gaming platform Rollblock is taking the lead as the most hyped DeFi altcoin before 2025. By bringing…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rexas Finance, BONK, and Pudgy Penguins emerge as top penny tokens under $0.20, poised for explosive growth by Q1 2025 Smart investors seek underpriced tokens with excellent development potential as the crypto industry prepares for the next bull run. Among the several choices, three penny tokens valued at less than $0.20 have drawn the interest of traders and analysts equally: Pudgy Penguins (PENGU), BONK, and Rexas Finance (RXS). These tokens have unique qualities that will help them break past…

Binance’s BNSOL Super Staking program introduces MANTRA, offering enhanced staking returns while maintaining the liquidity of staked Solana tokens. MANTRA (OM) is now a part of Binance’s BNSOL Super Staking program, which has formally begun its third phase. Through this effort, users who possess or stake BNSOL can earn higher staking rewards through the OM APR Boost Airdrop. The program, which offers a total prize pool of 191,619.83 OM with daily payouts, will run from Jan. 1 to Feb. 1, 2025. Users can earn staking rewards while keeping liquidity by using BNSOL, a staking token for Solana (SOL). BNSOL represents…