Schlagwort: crypto business

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Bitcoin surpasses $97k as Remittix’s presale surpasses $11m

Key takeaways

  • Bitcoin is up nearly 1% in the last 24 hours and now trades above $97k.
  • The Remittix presale has nearly doubled in two weeks, raising over $11 million from investors. 

Bitcoin hits $97k in a weekend rally

The cryptocurrency market is rallying this weekend, with Bitcoin and other major altcoins currently in the green. This is a shift from recent weeks, where Bitcoin had struggled during the weekend.

The world’s leading cryptocurrency by market cap is up 1% in the last 24 hours and now trades above $97k per coin. At press time, the price of Bitcoin stands at $97,262 and could rally higher in the near term. 

Despite the recent volatility, investors remain bullish about Bitcoin’s price potential in the medium to long term. This could translate to confidence in altcoins, especially those building infrastructure for users. 

What is Remittix?

One project that is currently building an exciting infrastructure for users is Remittix. In a market dominated by stablecoins, Remittix is building a PayFi project that would make cryptocurrency payments easier for users.

In its whitepaper, the team described Remittix as a payment network that merges the best parts of traditional payment systems with decentralized Finance. The merger of these two is called PayFi.

Remittix is designed to empower users to pay fiat into any bank account worldwide using crypto. The platform will enable users to easily connect their crypto wallets and send cryptocurrencies to recipients who can receive the money in their preferred fiat currency. 

An exciting feature of Remittix is that it comes with no hidden fees, no expensive conversation rates and the recipient will have no idea the original payment was sent in crypto.

Remittix’s working model

Remittix is an exciting platform because it is easy to use, making it ideal for novices and experts in the ecosystem. 

To use Remittix, the user will enter the recipient’s bank details into Remittix, just like in a standard bank transfer. The sender must also enter how much they want to pay and the payment reference to be displayed on their bank statement. Remittix will generate a quote for the sender and show the amount of crypto to transfer and the exact amount charged in fees.

Once this is done, the sender transfers the crypto to the unique deposit address provided. The crypto will then be liquidated and transferred to the recipient via bank transfer.

Upon the successful completion of a transaction, the sender will get a receipt. Furthermore, users can obtain updates about their payment in the Remittix dashboard. Typically, payments will arrive at the recipient’s bank account within 24 hours. The full amount will arrive, and the reference will be included.

Remittix presale hits $11m

The project’s unique operational model is already attracting investors. Within two weeks, the Remittix presale doubled in the amount raised from investors. The presale has now surpassed $11 million, selling over 449 million $RTX tokens in the process. 

According to the team, the presale target is $36 million. There are 750 million tokens available in the presale, with nearly 450 million already sold. The Remittix liquidity pool and team token will be locked for three years 

Remittix has undergone a full smart contract audit which was passed with no issues within the contract, further solidifying their commitment to safety and transparency for their customers. 

The native $RTX token will launch on centralised exchanges and on Uniswap. To participate in the ongoing presale, investors can purchase the $RTX tokens using USDT, USDC, and accepted cards.

The RTX token is currently sold for $0.0539 per token, with the price set to increase to $0.0567 in the next presale stage 

Should you invest in the Remittix project now?

Remittix is building a payment infrastructure that could change how users interact with cryptocurrencies. This PayFi project could boost crypto adoption by making it easier to send crypto to others as fiat. 

The project has raised over $11 million so far, and at this rate, the presale could be over in the coming days or weekend. The presale is an excellent opportunity for investors to get in early on this project. It is an opportunity to buy the RTX tokens at a possible discount price before it starts trading on centralised and decentralised exchanges.

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Dogizen set for listing as investors shift focus away from crypto majors

Interest in cryptocurrency projects has been exceptionally high in recent months as investors eye the 2025 bull run. Fifteen years after the launch of Bitcoin, crypto enthusiasts have witnessed how an innovative tech idea can grow from one with no intrinsic value to a digital asset with a market cap of $1.948 trillion at the current price of $98,348. 

With this realization, crypto enthusiasts are looking for cheaper alternatives with great potential. Notably, Dogizen has proved to be one such project. Indeed, while the sentiment in the broader crypto market has shifted to a risk-off mood, investors have been rushing to amass some DOGIZ tokens as its presale comes to an end.

Bitcoin set for range-bound trading as the bulls lack enough momentum

Bitcoin bulls have failed to gather enough momentum for a rebound above the psychologically crucial zone of $100,000 as a risk-off mood prevails. While the crypto major is considered a safe haven in times of economic uncertainties, it is still traded as a risk-on asset.

In the near term, the bulls are striving to defend the support at $97,173.79. Below that level, the lower zone of $94,444.87 will be worth watching. 

On the upside, it may continue facing resistance $99,700. Beyond that level, the next target will be at $101,945.04. 

Bitcoin Price
Bitcoin Price

Dogizen presale end ushers in unmatched growth

Since the launch of its presale in early October 2024, Dogizen has attracted impressive numbers with savvy investors riding on its huge growth potential and apt timing. As a result, it has raised over $4.5 million ahead of its listing on Monday, 10th February.

Notably, it has succeeded at curving its niche within the broad gaming sector. As the first ICO to be launched directly within Telegram, the project has created an online movement with the influence needed to catapult the DOGIZ token to great heights post-listing. 

Besides, Dogizen is entering the open market at a time when dog-themed crypto projects are on everyone’s radar. From Trump administration’s Department of Government Efficiency (DOGE) to the highly anticipated Dogecoin ETFs, it is time for dog-themes tokens to shine and Dogizen is basking in the glow. 

What’s more, a crypto-friendly policy environment, the ultra-popularity of GameFi tokens, and the absence of airdrops adds to its growth potential. With a market cap of below $10 million, moderate gains of 20X will have it compete with the likes of Hamster Kombat and Notcoin. As such, the current DOGIZ token price of $0.000089 is likely the lowest it will ever get to. 

Hurry up and buy the Dogizen token here.

Ethereum price action points to further weakness in the short term

Since the beginning of 2025, Ethereum price has been in the red for four out of five weeks. While optimism over Bitcoin’s bullish price action will likely sustain this altcoin above the crucial support zone of $2,500 in the near term, a risk-off mood continues to weigh on it.

More specifically, the range between 42,581 and $2,751 is worth watching. Even with a rebound beyond that zone, the crypto major will likely face resistance at $2,926 as it continues to trade below the 20 and 50-day EMAs. To reverse this bearish trend, the bulls will need to gather enough momentum to push the asset past the crucial support-turn-resistance level of $3,075.

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World Financial Liberty co-founder says it wants to create a “strategic” token reserve

  • Chase Herro didn’t specify what the purpose of holding a reserve for the platform would be
  • On Thursday, World Liberty Financial bought $470,000 worth of ONDO, the token linked to Ondo Finance

The co-founder of World Liberty Financial has said that the DeFi project plans to create a “strategic reserve” with the tokens it buys.

Chase Herro made his comments at startup Ondo Finance’s inaugural summit in New York; however, he didn’t specify what purpose holding a reserve would be for the platform.

According to Bloomberg, Herro appeared on stage alongside Donald Trump Jr. and fellow World Liberty Financial (WFL) co-founders Zak Folkman and Zach Witkoff. The platform is backed by US President Donald Trump who’s listed as Chief Crypto Advocate on the project’s website.

Herro’s remarks follow as the WFL bought 342,000 ONDO tokens on Thursday, for a value of $470,000, according to  Arkham Intelligence data. The ONDO token is linked to ONDO Finance and is WFL’s governance token.

To date, WLF crypto holdings amount to $35.5 million with a majority held in USDC and Tron.

The idea of a Bitcoin strategic reserve has gained enthusiasm, thanks to Trump who has floated the idea of such a move since his presidential win. Last month, the US president signed an executive order to establish a crypto working group designed to boost the advancement of crypto in America.

It will also look into the possibility of creating a national crypto stockpile.

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Dutch Court suspends the pretrial detention of Tornado Cash dev Alexey Pertsev

  • Alexey Pertsev has been freed under electronic watch
  • Pertsev was sentenced to five years and four months in prison for money laundering
  • The developer has been in jail since 2022

Tornado Cash developer Alexey Pertsev has been released from custody following a ruling that favored electronic surveillance over continued pretrial detention.

Pertsev, who was released on February 7 at 10 am, was charged with money laundering and linked to the US Treasury’s sanctions against Tornado Cash. According to the US government, the protocol was allegedly involved in illicit financing.

Pertsev was found guilty of money laundering in 2024 and has been detained since August 2022.

Notably, Pertsev’s release comes nearly a month after the Texas court overturned sanctions on Tornado Cash.

Pertsev expressed his gratitude for this opportunity, taking to X to say, “Dear Friends, on Friday 7 February at 10 am I will be free! It is not real freedom, but it is better than prison.”

He further noted that this development would give him “a chance to work on my appeal and fight for justice.”

Alexey Pertsev’s woes

Pertsev’s case has been under the international spotlight since 2022. The US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash, accusing the platform and its developers of facilitating money laundering.

Despite these allegations, Pertsev and his legal team have contested the charges, arguing that developers should not be held accountable for how their open-source software is used by others. This argument resonates with many in the cryptocurrency community who advocate for the separation of developers’ liability from the actions of users.

Previously, the Dutch court countered Pertsev’s defence, stating that Pertsev and his co-founders at Tornado Cash did not take adequate measures to prevent misuse by criminal entities, including the notorious North Korean cybercrime group, Lazarus. The court went ahead and sentenced Pertsev to five years and four months in prison for money laundering, a ruling which his lawyers immediately appealed.

Pertsev had applied for bail multiple times without success, with the prosecution labelling him as a “flight risk.”

Therefore, the court’s decision to allow electronic monitoring represents a shift in perspective, possibly acknowledging the complexities involved in prosecuting tech developers in the blockchain and cryptocurrency space.

As Pertsev now focuses on his appeal, the crypto community and legal observers watch closely, recognizing this case’s potential to influence future legal interpretations of developer accountability in the rapidly evolving tech landscape.

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Cboe Exchange files XRP ETFs 19b-4 forms for four issuers

  • 21Shares, Bitwise, Canary Capital, and WisdomTree filled in the 19b-4 forms
  • The SEC will begin a review process once it acknowledges the forms and will have 240 days to make a decision
  • The SEC approved the listing of spot Bitcoin ETFs in January 2024

The Chicago Board Options Exchange (Cboe) has filed four separate filings on behalf of issuers to launch spot XRP exchange-traded funds (ETFs).

The exchange filed the 19b-4 forms from 21Shares, Bitwise, Canary Capital, and WisdomTree.

The filings will begin a review process with the US Securities and Exchange Commission (SEC). Following acknowledgement from the agency, there will be a 240-day window for the SEC to either approve or deny the filings.

Crypto-friendly Mark Uyeda is currently the acting chair of the SEC.

In October, Bitwise filed an S-1 form for an XRP ETF with the SEC. Similarly, Canary Capital filed for an XRP ETF last year, reflecting its broader strategy to bring multiple crypto ETFs to the market.

The SEC approved the listing of spot Bitcoin ETFs in January 2024.

This is a developing story.

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