ChainFabricNews

image source: kvout  As we move into 2025, the world of cryptocurrency is once again turning its attention to Bitcoin. The digital currency has had an incredible run, with its price soaring to over $108,000 in 2024. While it has since experienced a slight dip to around $96,500, Bitcoin’s long-term outlook remains bright, and many industry experts are predicting that it could reach new heights by the end of 2025. One of the most optimistic projections comes from H.C. Wainwright, which has forecasted that Bitcoin could hit $225,000 by the end of 2025. But what’s driving this optimistic outlook? Let’s take a closer look at the factors contributing to Bitcoin’s potential growth in the coming year. The Power of Bitcoin’s Historical Cycles Bitcoin has always been known for its volatility. However, it also follows a distinct pattern that has emerged over the years. Every few years, Bitcoin experiences a period of rapid price growth, followed by a market correction. After each correction, ...

image source: nasscom community  Australia’s cryptocurrency sector is buzzing with activity, drawing attention from regulators, investors, and enthusiasts. Recent developments in this fast-evolving space highlight the growing pains of an industry balancing innovation with oversight. A Spotlight on Regulatory Actions The Australian Securities and Investments Commission (ASIC) has stepped up its efforts to ensure fair practices in the crypto space. One high-profile case involves Binance Australia’s derivatives division. ASIC has accused the company of misclassifying over 500 retail investors as wholesale clients. This classification reportedly deprived them of vital consumer protections, a critical oversight in the eyes of regulators. Earlier in 2023, ASIC had already revoked Binance’s derivatives license, signaling the regulator’s intent to keep the industry accountable. Another notable case involves Bit Trade, the local operator of Kraken. The Federal Court has fined the company A$...

image source : the UBJ In a world of ever-evolving technology and finance, Russia is making waves with its strategic embrace of cryptocurrency. Faced with international sanctions that have impacted its economy, the country is turning to digital currencies as a way to maintain its foothold in global trade. This significant shift highlights Russia's determination to adapt to modern financial trends while addressing pressing economic challenges. Using Bitcoin for International Payments One of the most groundbreaking developments in Russia's crypto journey is the use of Bitcoin and other cryptocurrencies for international transactions. With traditional banking systems increasingly hampered by sanctions, Russian companies have started using Bitcoin to trade with foreign partners. This move enables them to bypass restrictions and keep essential trade flows with nations like China and Turkey intact. Finance Minister Anton Siluanov recently confirmed that these transactions are already...

image source: Bitcoin world  The world of cryptocurrency is often described as exciting, innovative, and unpredictable. For many users of Cryptopia, a New Zealand-based cryptocurrency exchange, it was also a lesson in patience and resilience. After years of uncertainty, there’s finally some good news: users are beginning to see refunds for the funds lost in the infamous 2019 hack that led to the platform’s collapse. The Rise and Fall of Cryptopia Cryptopia was once a rising star in the cryptocurrency space, celebrated for offering access to a diverse array of altcoins. It attracted users from around the world, quickly becoming a popular platform for trading lesser-known cryptocurrencies. However, in January 2019, a massive security breach changed everything. Hackers managed to steal approximately NZD 24 million worth of cryptocurrency, exploiting vulnerabilities in Cryptopia’s systems. The attack was one of the most significant crypto thefts of its time, shaking investor confidence...