FDIC's Stance on Public Blockchains Raises Concerns
The Federal Deposit Insurance Corporation (FDIC) has expressed concerns about banks utilizing public blockchains such as Ethereum, according to documents obtained by Coinbase through the Freedom of Information Act. The FDIC discouraged a member bank from implementing services built on these decentralized networks due to their open and permissionless nature. Instead, they recommended using private blockchain networks that offer more control over user access and activities. This revelation highlights ongoing regulatory challenges faced by American banks in adopting crypto technologies.
Ethereum Price Struggles Amid Market Volatility
According to Bitcoinist, Ethereum ($ETH) is facing resistance at $3,500 despite recent recovery attempts after trading below $3,420 for an extended period. While indicators like the Moving Average Convergence Divergence suggest bullish momentum, other metrics indicate a weak trend requiring time for full recovery. Meanwhile, meme coins within the Ethereum network continue gaining traction with tokens like Hoppy ($HOPPY) showing significant growth potential.
Bitcoin Predicted to Reach New Heights by 2025
A report from Yahoo Finance suggests optimistic forecasts for major cryptocurrencies including Bitcoin and Ethereum over the next few years. Analysts predict Bitcoin could hit $150,000 while Ethereum might surpass $8,000 by 2025 driven by increasing adoption and technological advancements across various sectors leveraging blockchain solutions.
Euphoria Surrounds Binance Listing of BIO Protocol Token
The Daily Hodl reports that BIO Protocol (BIO), an altcoin focused on decentralizing science funding via tokenization models, saw its value soar following its listing on Binance – one of the world's largest cryptocurrency exchanges. With aims towards democratizing biotechnology research investments globally, this ERC-20 token experienced substantial price appreciation post-announcement, reflecting heightened investor interest around innovative use cases merging scientific endeavors alongside digital assets ecosystems worldwide.
Rexas Finance: A Promising Contender in Crypto Space?
An article published on crypto.news discusses how Rexas Finance positions itself as potentially lucrative, akin to early-stage successes seen previously among pioneers like BTC, ETH, and Solana. By enabling fractional ownership of real-world asset classes ranging from luxury apartments to commodities, the platform facilitates diverse investment needs for modern-day stakeholders seeking to maximize returns amidst a rapidly evolving landscape characterized by constant innovation and disruption.
Meme Coins Gain Traction Among Solana Founders Despite AI Skepticism
A survey conducted among founders operating within the Solana ecosystem reveals strong support behind meme coins yet skepticism surrounding artificial intelligence agents, according to findings shared by Cointelegraph. Respondents cited maximum extractable value issues as a significant concern when considering future prospects associated with building upon alternative platforms. Despite current project limitations, the unified vision aims for greater success and long-term sustainability, ultimately benefiting everyone involved equally regardless of individual circumstances.
Sources:
- FDIC Took Issue With Banks Using Public Blockchains Like Ethereum, FOIA Docs Reveal
- Ethereum Price Prediction: Will $ETH Break Above $3,500?
- Bitcoin to hit $150,000 in 2025, ethereum to top $8,000, analysts say
- Ethereum-Based Decentralized Science Altcoin Leaps to Life in Hours Following Shock Binance Listing
- This crypto could make up for missing early Bitcoin, Ethereum, and Solana
- Lightchain Presale Raises $8.5M, Poised to Rival Ethereum
- We surveyed 42 Solana founders. Here’s what they said.
- Why Solana, Cardano, and Aptos Are Kicking Off the New Year Right
- Top-100 Solana-Based Memecoin Could Explode by Up to 840% From Current Level, Says Economist Henrik Zeberg
- Solana founders embrace memecoins, say AI agents overrated: Survey
- Solana Meme Coin Fartcoin Hit ATH With 70% Gain: Will It Hit $2 Next?
