China News Daily TheBitTimes.com

A significant portion of the population in South Korea is reportedly investing in crypto. Citing new central bank data provided by the office of Democratic Party Rep. Lim Kwang-hyun, Yonhap News Agency reports the number of people who hold crypto in South Korean exchanges exceeded 15.59 million in November, up by 610,000 from 14.98 million in October. The figures, based on the number of investors who have accounts in the five leading domestic exchanges, including Upbit, Bithumb, Coin One, Cobit, and Gopax, represent more than 30% of the estimated 51.23 million people who live in the East Asian nation. The report says the number of crypto investors has been on the rise likely as a result of market optimism following the victory of US President-elect Donald Trump, who has promised to support the virtual asset industry. The number of domestic crypto investors rose by 14.74 million in July, 14.82 million in August, 4.88 million in September and 14.98 million in Oct...

Retail trading giant Robinhood is announcing the addition of new crypto assets to its burgeoning suite of products. In a new press release, Robinhood says its adding smart contract platforms Solana (SOL) and Cardano (ADA), memecoin Pepe (PEPE), and XRP. These four tokens will join other popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), and Aaave (AAVE). As stated by Johann Kerbrat, vice president and general manager of Robinhood Crypto, “We’ve consistently heard from our customers that they want access to more digital assets, and we’re excited to continue expanding our crypto offering. With lower barriers to entry, we believe crypto presents an opportunity for those who have been historically left behind by the traditional financial system.” Earlier this month, Robinhood and other crypto exchange platforms such as Kraken joined forces with stablecoin issuer Paxos to lau...

The key organization backing the Avalanche (AVAX) blockchain ecosystem is announcing plans to repurchase crypto assets sold to the nonprofit behind the Terra (LUNA) protocol in the first half of 2022. The Avalanche Foundation says it has negotiated an agreement to get back all AVAX tokens sold to the Luna Foundation Guard (LFG) in April 2022. The organization adds that the plan is now awaiting a judicial green light amid the ongoing bankruptcy proceedings of Terraform Labs (TFL), the embattled startup behind the Terra blockchain. “This action ensures that LFG would not violate the original agreement’s restrictions on the tokens’ use and shields the tokens from the complexity of a bankruptcy trustee liquidation, while returning 1.97 million AVAX to the Foundation’s holdings. This further enhances the Foundation’s ability to support the ongoing growth and development of the Avalanche ecosystem.” On May 19th, 2022, just days after the implosion of the Te...

A closely followed trader known for making timely altcoin calls believes six crypto assets are the fastest horses in the digital asset race. Pseudonymous analyst The Flow Horse tells his Telegram subscribers that six altcoins are ahead of the crypto pack including projects in the artificial intelligence (AI), memecoin and layer-1 sectors. “Memes are more diverse, AI is led by TAO. Wif, Bonk, Pepe. Sei and Sui still strong. I would not really diversify outside of this leading pack until the market makes it very obvious. Be late to that change if you must.”  Source: The Flow Horse/Telegram With the latest crypto correction, The Flow Horse thinks that the dip is not a signal that strong altcoins are ready to give up most of the gains witnessed over the last few weeks. “Anything mega-strong is likely seeing just a cool down and not a reversal. I am not sure of the depth or magnitude, but I am pretty confident about the direction. As long as prior d...

As the cryptocurrency market shifts rapidly, our distinct selection of top crypto gainers today is turning heads with notable price increases and unique offerings. Artrade is transforming the NFT sector with its eco-friendly platform. Meanwhile, Mina Protocol offers a groundbreaking, succinct blockchain for efficient decentralized applications. Enjin Coin empowers gamers by providing real ownership of digital assets. Plus, Coti enhances transaction speed and privacy with its cutting-edge technology. Let’s dive into what’s driving these tokens’ remarkable gains and their potential impact on investors.   Biggest Crypto Gainers Today – Top List In our Analysis of each token, we will focus on key metrics that reveal their performance and potential. We’ll examine 24-hour price changes for short-term momentum, liquidity ratios for trading ease, and the Relative Strength Index (RSI) for market sentiment.  Additionally, we’ll analyze trading da...