Monat: Februar 2025

Veröffentlicht am

Michigan proposes investments in Crypto as Bitcoin Pepe’s presale nears $2m

Key takeaways

  • Michigan has joined the wave of other states in the U.S. looking to invest in cryptocurrencies.
  • Bitcoin Pepe’s presale approaches $2m two days after launch.

Michigan proposes crypto investments

More states in the United States are looking to invest in cryptocurrencies. Michigan’s state representatives, Bryan Posthumus and Ron Robinson, proposed House Bill 4087 to allow the state to invest in Bitcoin and other cryptocurrencies. 

If the bill is approved, the state treasurer can allocate up to 10% of Michigan’s general and economic stabilization funds to cryptocurrencies. Michigan joins a wave of other states in the U.S. proposing to invest in cryptocurrencies. 

What is Bitcoin Pepe?

With Michigan and other states looking to invest in cryptocurrencies, Bitcoin will likely top the list as it is the number one crypto by market cap. Bitcoin Pepe is leveraging Bitcoin’s position in the market to introduce memecoins to its ecosystem. 

It is a layer-2 network building on the Bitcoin blockchain. Bitcoin Pepe is a meme-specialized layer-2 solution built on top of Bitcoin, bringing Solana-style scalability to the Bitcoin network.

According to the whitepaper, Bitcoin Pepe is designed to become ground zero for all memecoin trading and move all this economic activity to the BTC ecosystem. This project will unlock DeFi and meme trading on top of BTC. The team describes Bitcoin Pepe as the perfect fusion between BTC’s security and the unstoppable force of memecoins.

The team added that Bitcoin Pepe is the first-ever meme initial coin offering (ICO) on the Bitcoin blockchain. With this, BTC Maxis will be able to trade memes, and combining high levels of trust (BTC) with high levels of performance (SOL) will lead to high levels of retail mass adoption.

How can Bitcoin Pepe advance the Bitcoin ecosystem?

Bitcoin is the oldest blockchain in the ecosystem but offers less utility than smart contract blockchains like Ethereum and Solana. However, Bitcoin Pepe plans to open up the blockchain further by allowing the launch of memecoins and other narratives on the network. 

By ushering in memes on Bitcoin, Bitcoin Pepe will turn the blockchain into the home base for the crazy high-octane meme experience. The team believes the BTC bridge will unlock $2 trillion in dormant BTC capital and make it available for memecoin trading.

Bitcoin Pepe will launch as a Layer-2 network, providing the necessary infrastructure for all memes to migrate to BTC and ensuring security and liquidity for investors and users. 

Bitcoin Pepe presale raises $2m in two days

Bitcoin Pepe’s presale launched two days ago and is already close to a new milestone. According to their official whitepaper, the Bitcoin Pepe presale has raised $1,937,568 in just two days.

This isn’t surprising, as its native token, $BPEP, will power the Bitcoin Pepe layer-2 network and several other activities within the ecosystem. The presale allows investors to buy the tokens before they are listed on exchanges. 

Investors can purchase the $BPEP tokens using various cryptocurrencies, including ETH, USDT, USDC, BNB, and SOL. 

The presale could be an opportunity to purchase $BPEP at a discount. Solana’s SOL currently trades at $196 per coin. However, it was sold for $0.22 during its presale in 2020, indicating how early investors benefit from partaking in presales.

Bitcoin Pepe aims to be a leading L2 network on Bitcoin, offering users security and liquidity. In addition to that, it is leveraging the recent growth of memecoins to launch as one while working to introduce more memecoins to the Bitcoin ecosystem.

The post Michigan proposes investments in Crypto as Bitcoin Pepe’s presale nears $2m appeared first on CoinJournal.

Veröffentlicht am

Crypto price predictions: Bitcoin Pepe, BTC, and Solana

Crypto majors including Bitcoin remain under pressure amid a neutral market sentiment. However, revolutionary projects within the sector are thriving as savvy investors look for cheaper alternatives with great growth potential.

Bitcoin Pepe, the first meme ICO on the Bitcoin network has captured the attention of crypto enthusiasts, surpassing $1 million within the first 6 hours of its presale. Its early adopters acknowledge that its unique approach of merging the meme culture with Solana’s speed and Bitcoin’s security will yield hefty returns ahead of its launch in Q2’25.

Bitcoin price to remain range-bound amid a neutral market sentiment 

Bitcoin price has remained in consolidation; trading in the red for the third consecutive week. At a fear & greed index of 47, which points to a neutral market sentiment, the crypto major may remain range-bound in the absence of a key near-term catalyst. 

In the short term, the range between the support level of $93,500 and the resistance zone of  $100,898.95 remains worth watching. Indeed, below this range, this thesis will be invalid. If successful at breaking the current resistance, bitcoin bulls will have their eyes on the next target at $102,954.12.

Bitcoin Pepe’s unique trifactor positions it for fastest-growing ICO of 2025

Bitcoin Pepe, the first meme ICO on the Bitcoin network, has already raised over $1.7 million within the first 48 hours of its presale. Indeed, this is the playing field that meme coin enthusiasts have hungered for. 

On the one hand, Bitcoin is highly valued as the main alternative to fiat currency. Besides, it is considered as a safe haven and hedge against inflation. 

While its Proof-of-Work (PoW) system assures Bitcoin’s unmatched security, it results in slower transaction speed of up to 60 minutes. In comparison, it takes about 0.5 seconds for a transaction to be completed on Solana with up to 65,000 transactions processed in a second. 

Bitcoin Pepe has merged the two while propelling the meme culture; a trifactor that has captured the attention of crypto enthusiasts. The project leverages on Bitcoin’s security and Solana’s super speed while integrating the ultra-popular meme culture. 

It is this ideal setup that has sparked immense interest among crypto enthusiasts. Amid the heightened FOMO, savvy investors understand that the current price of $0.0232 may be the lowest for the BPEP token moving forward. 

It is currently at stage 3 of the total 30 stages on its 2025 roadmap, which also includes launching a decentralized exchange (DEX) and L2 Bridge. As it achieves these developments, its value is set to skyrocket. As such, this is the best opportunity for cryptocurrency enthusiasts to amass some BPEP tokens. Buy the Bitcoin Pepe here.

Solana price will need steady rebounding to ratify trend reversal

Solana price is set for its fourth week of losses despite the recent rebounding that cut across crypto majors. While the selling pressure may remain a headwind in the near term, improvement of the market sentiment may flip its plight as it leverages on its super speed and low transaction fees. 

In the meantime, the bulls are keen on defending the support at $186.21. On the upside, additional momentum may have it break the resistance at $206.48. However, a rebound past $215.70 to rubberstamp a trend reversal. 

 

The post Crypto price predictions: Bitcoin Pepe, BTC, and Solana appeared first on CoinJournal.

Veröffentlicht am

South Korea reviews ban on corporations trading virtual assets

  • South Korea lifts crypto ban for companies.
  • The ban lift has been structured in a two-phase plan.
  • The move coincides with the enactment and enforcement of South Korea’s Virtual Asset User Protection Act.

South Korea’s Financial Services Commission (FSC) has announced plans to gradually lift the ban on corporations trading virtual assets, signaling a new era for the country’s crypto market.

The decision comes after years of strict regulations that prohibited institutions from engaging in cryptocurrency trading, initially set to curb speculation, money laundering, and market manipulation since 2017.

A phased approach to integration

The FSC’s strategy to integrate corporations into the virtual asset market is structured in phases. Initially, in the first half of 2025, entities such as law enforcement agencies, non-profit organizations, school corporations, and universities will be allowed to sell cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

This move is primarily aimed at enabling these institutions to cash out their holdings, providing them access to virtual asset exchanges for this purpose.

Following this, a pilot program is slated for the second half of 2025, where approximately 3,500 listed companies and corporations, alongside professional investors registered under South Korea’s Capital Market Act, will be permitted to both buy and sell digital currencies. This is expected to introduce a new layer of professional investment into the crypto market, potentially stabilizing and growing the market further.

South Korea’s Virtual Asset User Protection Act

The lifting of the ban coincides with the enactment and enforcement of South Korea’s Virtual Asset User Protection Act, which introduces significant protections for users in the digital asset space. This legal framework is part of a broader effort to ensure that the market operates under stringent oversight, reducing risks associated with virtual asset trading.

Globally, there’s a noticeable trend towards accepting and integrating cryptocurrencies into traditional finance.

The FSC acknowledges this shift, noting that the demand for blockchain-related investments and services necessitates a change in local market dynamics.

To support the transition, the FSC plans to establish a task force involving various stakeholders such as the Financial Supervisory Service, the Korea Federation of Banks, and the Digital Asset eXchange Alliance (DAXA). This collaboration aims at developing a comprehensive regulatory framework, including internal control standards for corporate crypto trading.

The involvement of market participants like crypto exchanges and industry experts is also critical for crafting guidelines that are both practical and effective.

The approach appears to be cautious yet progressive, aiming to balance innovation with investor protection in the dynamic world of virtual assets.

The post South Korea reviews ban on corporations trading virtual assets appeared first on CoinJournal.