Category: Cryptocurrency

Idegen and the main alternative cryptocurrencies show strength despite Bybit’s hacking

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The cryptocurrency market fell 3.6 % in the last 24 hours, with a total market capitalization of 3.3 billion dollars. The main ALTS, including Ethereum, XRP and Solana, have shown strength amid small falls.

Since the industry has just witnessed the theft of 1400 million dollars from Bybit (the largest hacking in the history of cryptocurrencies), resistance has made investors even more optimistic.

While traders monitor the situation, part of the attention focuses on Idegen (IDGN). The AI ​​agent token has attracted notable 24 million dollars in presale so far. But what makes it a trend?

According to the IdeGen presale pagethe project is quoted in the exchanges as of February 27, 2025.

The industry praises bybit’s response after the caring of 1400 million dollars

On February 21, Bybit confirmed that he had suffered the greatest hacking in the history of cryptocurrencies. Just a few hours later, the cryptocurrency researcher Zachxbt returned with details of who were the computer pirates.

According to the block chain detective, 401k ETH worth more than 1400 million dollars looted by bybit was linked to the Lazarus group. The computer pirates collective backed by North Korea would be behind Phemex hacking and many others.

But the caring of 1400 million dollars stands out as the largest, since the theft represents 16 % of all the hackeos denounced. That is scary. However, despite the initial panic and the wave of Bybit funds, the exchange has received applause by how he handled the consequences of the attack.

BYBIT processed retreats

Since the CEO of Bybit, Ben Zhou, personally took care of the updates of official communication, Bybit seems to have managed the situation better than many previous hacks.

The exchange also said he was solvent and could handle retreats For your customers, with backed assets 1: 1.

It is also important to note that the actors in the industry and the rival exchanges were ready to provide support. In an update, the CEO of Bybit said that support through bridge loans had helped the Exchange to collect amounts equivalent to 80 % of the hacked funds. Bitget also sent 40,000 ETH for a value of more than 105 million dollars as part of the support.

With Bybit seeking to overcome the incident, investors are optimistic. The projection is that 2025 is still an upward market and in the coming months they could be massive.

Idegen raises 24 million dollars before contributing in the exchanges on February 27

Idegen, with the native Idgn token, is a project promoted by artificial intelligence in the AI ​​agents market. While the culture of Memecoins is a segment that has gained impulse after the rise of cryptocurrency and AI integration.

Now Idegen is just 5 days after Idegen debut in the market. https://twitter.com/idegen_updates/status/1893272800485339324

With projects such as Virtuals Protocol and Ai16z, entering the interest of the market, an opponent who takes advantage of a unique model has a great appetite of investors. This is because Idegen took a completely blank AI agent and handed it to users. Without limits or other similar restrictions. Only an AI agent and the unquestion of users, first in X and then in Telegram and Tiktok.

The result is a massive community, with more than 24 million dollars collected as the experiment takes solid steps towards dominating agents tokens space. Idegen ends the presale on February 26. 24 hours later, on February 27, the Token Idgn will be in its first exchanges.

It should be noted that Idegen has announced an upcoming price in the Bitmart cryptocurrency exchange. This is one of the main CEX platforms of the market and will list Idgn on March 4, 2025.

Currently, Idegen’s presale price is 0.0345 dollars. In the final stage, this price will jump to $ 0.038. If the impulse after the price is combined with possible bullish catalysts in the world of cryptocurrencies, the value of the token could exploit. For more information, visit the Official website of the project.

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More than $ 1 billion liquids in 24 hours

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The cryptocurrency has witnessed a mass sale in the last 24 hours, caused by the recent fallcoin fall (BTC) below $ 30,000. As a result, the positions of hundreds of thousands of cryptocurrency merchants were settled. For example, Coinglass data shows that more than one billion dollars have been eliminated in commercial positions in the last 24 hours.

Multimillionaire elimination

The operators waiting for a rebound were the most affected by the correction, since the previous day almost 750 million dollars were settled in long positions. Volatility also affected those who bet that cryptocurrencies will fall in a straight line, since almost USD 200 million in short positions were eliminated during the same period.

With a bearish impulse that took care of the cryptocurrencies, the merchants who tried to timed Ethereum (ETH) suffered their largest liquidations on May 9 with 152,380 ETH for a value of almost 340 million dollars. However, at the time of writing this article, the price of Ethereum has recovered a bit and is at $ 2379.

Bitcoin is also affected by the fall

Bitcoin merchants were not saved from the fall of the market, since 11,040 BTC worth $ 333.53 million were decimated when the king’s currency fell below the psychological brand of 30,000 dollars, a level that I had not seen Since July 2021.

In number three is the decentralized financial payments network (Luna). Coinglass informs that 1.97 million moon have been liquidated, for a value of more than $ 55 million. This was probably related to the problems that the project was experiencing with its stable currency (UST). There will still be more information about this.

In general, several important merchants were surprised by the fall of BTC below $ 30K. Bitcoin is currently back at $ 31,500. However, it is still questionable if you really have a bottom.

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Cryptotoer Jeremy Spence receives 42 months in prison

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A 25 -year cryptocurrency merchant from Rhode Island, Jeremy Spence, also known as “Coin Signals” on social networks, was sentenced to 42 months in prison. He was accused of defrauding 170 people for more than $ 5.37 million.

False investment funds

The Department of Justice (DOJ) issued a press release that said Spence had been operating several crypto -version funds between November 2017 and April 2019. These include Coin Signals Bitmex Fund, Coin Signals Alternative Fund and Coin Signals Alternative Coin Signals Term Fund.

Investors interested in the fund would transfer cryptocurrencies such as Bitcoin and Ethereum A Spence, who in turn made false promises of high yields. Judge Lewis Kaplan of the United States District Court for the Southern District of New York said:

“Spence requested more than $ 5 million through false statements, including that Spence’s cryptocurrency trade had been extremely profitable when, in fact, its trade was not profitable.”

Returns Claims of 148% monthly

On January 28, 2018, Spence published in an online chat group stating that their commercial skills generated yields of more than 148 percent in just one month. This encouraged investors to transfer additional funds to Spence. The Department of Justice continued to say:

In fact, Spence’s trade resulted in net losses in the accounts in which he negotiated investor funds during the same period of approximately one month. Spence used new funds to cover losses and make payments to former investors. This allowed him to continue cheating and raise more money. The Department of Justice added:

“To hide their commercial losses, Spence used new investor funds to pay other investors in a ponzi-esque way.”

A restitution bill of $ 2,847,743

Spence used cryptocurrencies of new investors for a value of approximately $ 2 million per judicial presentation to distribute the old investors. Judge Kaplan told the defendant:

“What caught my attention was the stupidity of the people you helped invest with you. There are real implications for these pranks and are serious. ”

Spence, who declared himself guilty last November, will also be released under three years supervision and must pay a restitution of $ 2,847,743 to those who were attacked.

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Nigeria introduces new rules for cryptocurrencies

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Nigeria wants more clarity about digital currency trade. That is why the country has launched new rules for cryptocurrencies. Nigeria’s stock market and values ​​commission published “Rules on the issuance, platform offer and custody of digital assets” For virtual technologies, said the commission in Your website.

Second large commercial volume

These rules apply to digital assets regulated by the SEC. By providing more clarity on these rules, it could increase trade in the country, according to Bloomberg. It would be better to say: increase even more.

Nigeria is responsible for the second largest volume of cryptocommerce in the world, according to Bloomberg. “Nigeria represents the largest volume of cryptocurrency transactions outside the US.”read in the article. The only doubtful thing about this statement is that the news platform cites another platform, without citing a link to the source.

The SEC wants to protect investors’

Nigeria banned cryptographic transactions of financial institutions last year, which could also affect the numbers referred to by Bloomberg. You wouldn’t expect it, but banks do not have it easy with this option. The Central Bank of the country imposed huge fines for four banks for not completely monitoring these transactions.

Nigeria SEC said last year that it would try to protect investors and make the market more transparent. “The regulation could act as the precursor of a surprise movement of the Central Bank to reverse its approach, sitting a critical basis for the massive adoption of cryptography throughout the country ”Said Owen Odia, from Luno cryptocurrency exchange, in an email to Bloomberg.

These are probably the rules that the SC spoke at that time. It is questionable if this would really help, but a little patience is needed.

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Spotify enters metoverso through an association with Roblox

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Spotify, the leading music transmission platform, is ready to enter the kingdom of web 3.0. The music transmission giant has joined forces with the popular Roblox game to offer its users a virtual universe experience. “Roblox fans, make your bags”the announcement said.

Music meets nature

Spotify encourages users of the digital universe to visit their new island. In addition, Spotify’s metaverso in Roblox has a green -centered green design and presents the Spotify characteristic color scheme, to provide those who use the Spotify application a familiar sensation.

Run on May 3, Spotify invites its users to perform several tasks to “climb on the lists”, or in this case in the Roblox classification table. Once in Spotify Island, users can do several things: unlock four free elements, experiment with the magic of the sound in a glass cave, jump in a springboard, collect rare musical notes hidden in the area, create a great rhythm with the Virtual Music Station and play in a digital stage with confetti and colored bubbles.

An opportunity to connect with fans.

Spotify especially trusts that Metaverso will provide a wide range of participation opportunities for fans and artists equally. They also plan to provide more opportunities to the artists of the island to monetize the digital merchandise of the game. In addition, Spotify promises a “simple solution” for creators who want to contribute to the production of products within the game.

This is the first attempt to establish a music transmission service within the game ecosystem. Recently, Spotify has been working on a community -based solution after artists expressed concern about the lack of connection between creators and listeners on the most popular music transmission platform. As a result, metaverso has become the stage for the platform to play.

In conclusion, it is worth noting that the “Wonderland of the Sounds, the Missions and the Exclusive Merchandising” of the island based on Blockchain is promoted by Roblox, a company that appears in the top 500 of pioneer companies of the year. Roblox is a company with more than 40 million daily users and is extremely popular among children. To celebrate collaboration, Spotify has also launched a new special playlist.

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3 questions you should ask before buying cryptocurrencies

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Are you not familiar with cryptocurrencies yet and your curiosity finally caught you? The world of cryptocurrencies is vast and is full of terms and practices that can be a challenge for any beginner in the growing industry of cryptocurrency investments.

But while that may be the case, it does not mean that it is impossible to immerse yourself, or continue to succeed in it. If you are willing to do the exhaustive research necessary to invest in a responsible way and ask you some important questions, you are ready to start.

This brief guide provides three key questions that you must answer before embarking on your investment adventure.

Are you willing to run the risk of financial losses?

One of the most important things you should know about cryptocurrencies is that they are an extremely volatile investment. In a matter of days, a promising currency can fall dramatically and lose large percentages of its previous value, or a dark helpless can arise and enrich investors in the blink of an eye.

Of course, as with any other investment, there are some patterns to detect and make predictions based on them. But you have to really know what you do to be able to do this, and even then, nothing is guaranteed. In the end, you never know what will happen in the cryptocurrency market.

Ask yourself if you are ready for risk before compromising your money. If so, one of the main recommendations is always to do your own research and stay updated on the trends and fluctuations of the cryptocurrencies. And, of course, it is advisable to invest only amounts that you can allow you to lose.

How good are you to remember passwords?

For not initiated, this question may sound like a bad joke attempt, but we promise you that we are serious.

Unfortunately, lost passwords are the root of an alarming number of financial losses of cryptocurrencies. People who would be millionaire if they sell their cryptocurrencies simply cannot access or collect their fortune due to a ridiculously small error: they have lost any sheet of paper, word document, impression or note that they kept with the password of their cryptographic wallet.

For example, it is estimated that almost 3.7 million Bitcoin (BTC) could be lost forever because the owners lost the passwords of their wallets. For many, a “trapped” cryptographic purse is simply a cause lost due to the only reason that the cryptographic world does not have an intermediary such as a bank to forward or restore your password.

While this is still the hard truth for most of the “inaccessible portfolios”, some lucky users have seen in recent years Computer pirates to enter successfully and obtain control of their cryptographic wallets. But there are few and distant from each other and in no way always successful, so it is definitely much safer to keep your login data per t or account.

How aware of the environment?

With how integrated computers have become in our lives, it is easy to forget the impact they have on the environment.

But it does not matter how much we would like to forget it, the amount of energy that is needed to have a computer in operation will inevitably result cases is comparable to what some nations use.

Therefore, the purchase and sale of cryptocurrencies is “not so good” for the environment, which is why some important companies still do not invest in cryptocurrencies. The sensation between investors aware of the environment is that it needs to be done more so that cryptomying is even more ecological.

Some companies such as Tesla have even retracted to consider accepting payments in Bitcoin, despite the fact that its owner previously expressed their support for La Moneda. (Tesla bought Bitcoin and has not sold it).

Despite these concerns, the use of green energy for cryptocurrency is increasing as miners resort to renewable sources. It is also remarkable that more efficient more efficient mining forms are available: These cryptocurrencies do not require so much energy to ensure their networks.

So, if you choose to invest in a cryptocurrency, an important consideration could be the impact on the environment.

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The Central Bank of Sweden will not consider Bitcoin as currency

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The Central Bank of Sweden, also known as Sveriges Riksbank, recently deepened in Bitcoin (BTC) to determine if the king cryptocurrency can be classified as currency. He established that he must comply with three criteria to be considered a currency: deposit of value, means of payment and account unit.

There is no reliable value reserve

The Central Bank indicated that Bitcoin is not a reliable value reserve due to its volatile nature. Said the following:

“If an asset acts as a value reserve, you must be sure that you can buy both today for, say, 100 Swedish crowns and tomorrow. The price of Bitcoin has had a high level of volatility, so it is a relatively poor protector. ”

Riksbank also indicated that despite being accepted as a means of payment in a small number of places, BTC is not as widely accepted as credit cards:

“If the asset acts as a means of payment, a buyer must be able to use the asset to pay and a seller accepts it as payment. There is no exact figure about how many companies Bitcoin accept as a means of payment, but Coinmap has a maps service of several merchants that accept bitcoin and ATMs where you can buy bitcoins. On May 13, 2022 there were approximately 29,500 merchants and vending machines on the map. In comparison, visa cards are accepted by more than 60 million merchants. ”

Volatility is blamed

The Central Bank also declared that Bitcoin cannot be used as a account unit due to constant price changes. Declared the following:

“If the asset works as a unit of account, it can be used to set the price of goods and services. The two above features come into play because it is more difficult to set the price of something if the value of the asset fluctuates a lot or if it is not used as a means of payment. ”

Bitcoin does not match 3 criteria to be currency

Finally, he indicated that because Bitcoin does not meet the three criteria to be considered currency, consider BTC only as an asset, but not as a currency:

“Bitcoin generally does not fulfill the three functions and therefore is not money, at least not in the sense that it functions as money in the traditional financial system and in society. A reasoning similar to many other cryptocurrencies can be applied. ”

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The Balenciaga fashion brand follows Gucci by accepting cryptopagos

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Balenciaga goes after Gucci. The brand revealed that it now accepts payments in cryptocurrency. They are beginning this in the USA. And then they will implement this option in other countries.

“Other regions will continue”

Balenciaga initially will only accept cryptocurrencies in its flagship stores, even in Madison Avenue in New York and Rodeo Drive in Beverly Hills. In addition, it is possible that I can pay with cryptocurrencies in the US. On the website: Balenciaga.com. “Other regions and electronic commerce will follow“, Said the company, according to WWD.

The fashion house follows Tag Heuer and Gucci, who recently also began accepting cryptocurrencies for their products. This last brand will also first initiate a pilot test in the US. UU., Before focusing on other countries.

The fashion house is still deciding which payment solution provider will use, according to WWD, but Bitcoin and Ethereum are almost safe. It will probably be 12, of which five are stable currencies, as is also the case of Tag Heurer and Gucci. If you copy the complete image of the clock brand, Bitpay can offer a payment solution.

Is it something possible?

Of course, we were very curious about whether Balenciaga had already begun to accept cryptocurrencies in secret. That is why we take a look at Balenciaga.com, but unfortunately we discover that this function is not yet available.

At the moment they are only shown as payment options credit card, Paypal and Klarna. This can be possible in the US are also the flagship stores that accept cryptocurrencies.

It is currently a matter of patience until all Balenciaga accepts cryptocurrencies. Therefore, it is very likely that the application is already available in the US., And as well as Gucci and Tag Heuer, it will be the European turn later.

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UK government wants to limit the risk of stable currencies

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The British government wants to address the risks of, among other things, stable currencies. That is not surprising, given the chaos that has caused the stable currency of Terra (UST). An document issued by the United Kingdom Treasury Department establishes that the existing “regulatory regimes” can be applied to non -regulated digital payment instruments.

Risk management

In the new document, published on Tuesday, the Ministry proposed to use the existing regulatory regimes to mitigate the risks posed by stable currencies and other cryptocurrencies. The document began with a positive note. That is, reiterating the commitment of the United Kingdom government with cryptoinnovation. In addition, it also stressed that stable currencies must be recognized by law.

While the collapse of the UST probably played an important role in the creation of this document, it is not mentioned anywhere. Terra and the moon that accompanies it are also omitted from this plan. The Ministry does speak in the document to “manage the risks associated with the bankruptcy of a stable currency company of systemic importance.” This is very similar to you.

“Events in cryptoactive markets have further highlighted the need for adequate regulation to help mitigate the risks for consumers, market integrity and financial stability.”

What are these so -called ‘regulatory regimes’?

These rules are known in the United Kingdom as special administration regimes (SAR). These SARs would provide the Bank of England for regulatory supervision on organisms that issue stable currencies. In that case, they can check if the system of these stablcoins is stagnant. These SARs would also guarantee that companies always work on the best interest of their customers (and the rest of the population).

The document describes two different SARs that can be applied to stable currencies, but a final decision will not be made until later. The file asks for feedback, with a deadline on August 2. There is already a preference: the Special Regime of Infrastructure Administration (IMF SAR). It would be appropriate to address the bankruptcy risks of this type of companies.

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Dogizen prepares to quote on the exchanges while investors deviate their attention from the main cryptocurrencies

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The interest in cryptocurrency projects has been exceptionally high in recent months, since investors are attentive to the 2025 bullish market. Fifteen years after the launch of Bitcoin, cryptocurrency enthusiasts have witnessed how an innovative technological idea It can go from not having intrinsic value to become a digital asset with a market capitalization of 1,948 billion dollars at the current price of 98 348 dollars

With this finding, cryptocurrency enthusiasts are looking for cheaper alternatives with great potential. It should be noted that Dogizen It has proven to be one of those projects. In fact, although the feeling in the cryptocurrency market in general has changed towards a statement of risk aversion, investors have rushed to accumulate some dogiz tokens as their presale comes to an end.

Bitcoin prepares to operate within a limited range since the bulls lack sufficient impulse

The bitcoin bundles have failed to gather sufficient impulse for a rebound above the psychologically crucial zone of $ 100,000, since a state of mood of risk aversion prevails. Although the main cryptocurrency is considered a safe refuge in times of economic uncertainty, it is still negotiated as a risk asset.

In the short term, the bulls strive to defend the support in 97 173.79 dollars. Below that level, it is worth being attentive to the lower area of ​​94 444.87 dollars.

On the positive side, you can continue to face the resistance of 99,700 dollars. Beyond that level, the next goal will be at 101 945.04.

Bitcoin price
Bitcoin price

Dogizen’s presale marks the beginning of unprecedented growth

Since the launch of its presale at the beginning of October 2024, Dogizen has attracted an impressive number of intelligent investors who have taken advantage of their enormous growth potential and their appropriate moment. As a result, he has raised more than 4.5 million dollars before his price on Monday, February 10.

It should be noted that he has managed to expand his niche within the wide sector of the Games. As the first ICO that is launched directly in Telegram, the project has created an in line with the necessary influence to catapult the token dogiz to large heights after its price.

In addition, Dogizen is entering the open market at a time when cryptocurrency projects with canine themes are on the radar around the world. From the Department of Government Efficiency (Doge) of the Trump Administration to the highly anticipated ETF of Dogecoin, it is time for canine theme tokens shine and dogizen is enjoying it. In addition, a policy environment favorable to cryptocurrencies, the ultra -popularity of Gamefi tokens and the absence of airdrops increase their growth potential.

With a market capitalization of less than 10 million dollars, moderate 20x profits will allow you to compete with Hamster Kombat and Notcoin. Therefore, the current price of the token dogiz of 0.000089 dollars is probably the lowest it will ever reach. Hurry and buy the Dogizen token here.

Ethereum’s price action points to greater short -term weakness

Since the beginning of 2025, The price of Ethereum He has been in red for four of the first five weeks. While optimism about the upward action of the price of Bitcoin will probably hold this Altcoin above the crucial support zone of 2500 dollars in the short term, a statement of risk aversion continues to weigh on it.

More specifically, it is worth being attentive to the range between 4281 and 2751 dollars. Even with a rebound beyond that area, the main cryptocurrency will probably face a resistance in 2926 while continuing to quote below the EMA of 20 and 50 days. To reverse this bearish trend, the bulls will need to gather enough impulse to push the asset beyond the crucial support-resistance level of $ 3075.

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