The crypto market faces challenges as Solana and Cardano struggle with price volatility, while Remittix ($RTX) emerges as a promising investment for 2025. Its innovative PayFi protocol facilitates seamless crypto-to-fiat transactions, attracting significant investor interest and projecting potential gains of up to 5,000% post-launch. With over $2.6 million raised in its ICO, Remittix is positioning itself as a key player in the growing remittance market.
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January 13, 2025 | 05:20
January 13, 2025 | 05:20Market Report
January 10, 2025 | 07:58
January 10, 2025 | 07:58
News from ESP
Generated 10 posts last week Top Altcoins to Buy and Hold for Long Term Investment Success
Arbitrum, Qubetics, and Bittensor TAO are emerging as top altcoins for long-term investment. Arbitrum enhances Ethereum’s scalability with optimistic rollups, enabling faster, cheaper transactions. Qubetics revolutionizes real-world asset tokenization, while Bittensor democratizes AI through a decentralized network, fostering innovation and collaboration.
read moreWorld Network Reaches 10 Million Verified Users Amid Regulatory Challenges
World, formerly known as Worldcoin, has verified 10 million users on its digital identity network, utilizing biometric data to establish proof of personhood amid concerns over AI’s impact on information reliability. However, the company faces significant legal challenges, with multiple countries, including Kenya and Spain, suspending operations due to privacy and security risks associated with biometric data collection. Critics argue that such digital ID schemes could threaten privacy and be misused by authoritarian regimes.
read moreCardano poised for 140 percent surge amid bullish market signals
Cardano (ADA) is poised for a potential 140% surge, according to crypto analyst Alan Santana, who highlights a bullish wedge correction and a firm higher low formation in its chart analysis. Despite a recent 3.49% drop, ADA remains above critical support levels, indicating a strong recovery potential.Santana identifies December 20 as a pivotal moment for Cardano, suggesting the end of corrections, while the asset’s ecosystem expands through partnerships, such as with FC Barcelona, aimed at enhancing fan engagement through blockchain technology.
read moreSwiss Entrepreneur Rolf Hess Faces Legal Troubles Over Investment Scheme
Rolf Hess, a Swiss entrepreneur, is under investigation in Spain following a criminal complaint from investors who allege he misled them into investing in his company, United Global Water (UGW), despite its poor prospects. High-profile investors, including lawyer Christian Wenger and banker André Bodmer, are among those seeking to recover their funds after Hess repeatedly postponed a promised IPO, citing unfavorable market conditions. The situation highlights growing concerns over Hess’s business practices and the financial impact on his backers.
read moreGlobal Banking Leaders Gather at WEF While Crypto Scene Remains Absent
The World Economic Forum in Davos will see a strong representation from global banking leaders, including CEOs from UBS, JPMorgan Chase, Citigroup, and Goldman Sachs. Notably, the crypto sector’s presence is minimal, with only a few representatives like Coinbase’s Brian Armstrong attending, as the broader crypto community opts for a separate gathering at the Crypto Finance Conference in St. Moritz.
read moreEuropean shares rise amid mixed economic data and inflation concerns
European shares closed higher, driven by gains in the energy sector, despite mixed economic data. The STOXX 600 index reached a three-week high, influenced by rising euro zone inflation and expectations of interest rate cuts from the European Central Bank. Meanwhile, the real estate sector declined as traders prepared for upcoming policy decisions.
read moreEraneos Acquires SevenQ to Enhance Financial Services Transformation Expertise
Eraneos has acquired Swiss consulting boutique SevenQ, enhancing its capabilities as a transformation partner for financial institutions. This merger expands Eraneos’ financial services team in Switzerland, leveraging SevenQ’s expertise in core banking, payment systems, and digital transformation. The partnership aims to better address the evolving needs of clients in the financial sector.
read moreBTG Pactual Acquires Julius Baer’s Brazilian Private Banking Business
Banco BTG Pactual has acquired Julius Baer’s Brazilian wealth management business, Julius Baer Brasil, for 91 million francs, significantly below earlier estimates. The deal, expected to close in Q1 2025, will not affect Julius Baer’s international offshore operations serving Brazilian clients.
read moreAsian shares rise as Nvidia leads Wall Street rally
Asian shares mostly rose, buoyed by a Wall Street rally led by Nvidia, with Japan’s Nikkei 225 jumping 2.4%. U.S. Steel gained 8.1% after filing a lawsuit against the Biden administration’s block of its merger with Nippon Steel, which fell 1.5%. Investors are eyeing potential policy shifts under incoming President Trump, while the Federal Reserve’s upcoming minutes and economic reports could influence market sentiment.
read moreStock Market Turnover Trends in Switzerland and Spain for 2024
In 2024, the SIX Swiss Exchange reported a 13.4% increase in total turnover to CHF 1,187 billion, driven by a significant rise in bond trading (76%) and a booming ETF segment (+31%). In contrast, the BME Exchange in Spain saw an overall turnover decline of 12.9% to 423 billion euros, with bond turnover plummeting by 43.5%. Despite Spain’s stronger economic performance, this did not translate into increased stock market activity.
read moreEuropean Banks Prepare to Launch Crypto Trading Services in 2025
European banks are set to expand crypto trading services, with over 50 institutions preparing to launch offerings by early 2025, driven by the active Markets in Crypto-Assets (MiCA) regulation. BBVA leads the charge through its Turkish branch, Garanti BBVA Kripto, enabling crypto trading via Bit2Me’s platform. Major players like Deutsche Bank and Société Générale are also embracing digital assets, highlighting a significant shift in the banking landscape as demand for cryptocurrency grows.
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