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This Meme Coin Explodes by 110% Following Support From Coinbase

TL;DR Toshi (TOSHI) soared by triple digits after being embraced by popular crypto exchanges like Coinbase. TOSHI is not the only meme coin well in the green, with DOGE, SHIB, WIF, and many more pumping substantially. The Coinbase Effect The past 24 hours have been quite successful for the bulls, with numerous cryptocurrencies registering impressive price spikes. Some notable gainers include Ripple (XRP) and Cardano (ADA). Interestingly, the lesser-known Toshi (TOSHI) is one of the tokens outperforming all cryptocurrencies in the top 100 club . The cat-themed meme coin, launched on multiple blockchains like Solana and Base, saw its valuation skyrocketing by over 110% on a daily scale , reaching a one-month high of $0.00036788. In the following hours, it slightly retraced and is currently trading at approximately $0.0002957. TOSHI Price, Source: CoinGecko TOSHI’s rally could be attributed to Coinbase, which added the asset to its roadmap earlier today (January 15). It is important to note that tokens in that zone must meet certain criteria before being officially listed. Shortly after, another well-known crypto exchange – Crypto.com – allowed trading services with TOSHI. “Crypto.com App users can now purchase TOSHI easily with USD, EUR, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the Crypto.com Visa Card,” the announcement reads. Receiving support from industry leaders like Coinbase and Crypto.com usually has a positive effect on the price of the involved cryptocurrency due to a liquidity boost, increased availability, and improved credibility. The same thing was observed last year when Coinbase put Tensor (TNSR) – the native cryptocurrency of the leading Solana NFT marketplace – on its roadmap section. The asset’s price shot by 70% shortly after the disclosure. What About the Other Memes? The meme coin sector rebounded in the past 24 hours, with Dogecoin (DOGE), Shiba Inu (SHIB), dogwifhat (WIF), ai16z (AI16Z), Akuma Inu (AKUMA), Snek (SNEK), and more, being well in the green. The very few memes whose prices remain in the red territory include SPX6900, Peanut the Squirrel (PNUT), and some others. It is interesting to note that the meme coin inspired by the eponymous pet named Peanut witnessed a price increase of 30% on January 14, following support from Coinbase. Currently, though, it is worth around $0.58, representing a 7% decline on a daily scale . The post This Meme Coin Explodes by 110% Following Support From Coinbase appeared first on CryptoPotato . NewsBTC

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UK Appoints Emma Reynolds as Economic Secretary to Oversee Crypto

The U.K. government has appointed Emma Reynolds as the new Economic Secretary in charge of overseeing digital assets and central bank digital currencies — alongside the broader financial sector. The appointment was announced on Tuesday following the resignation of Tulip Siddiq, who set out the government`s crypto agenda weeks ago . It is not yet clear what the appointment of Reynolds, the former Parliamentary secretary at the Treasury, will do for the country`s crypto plans. However, the Financial Conduct Authority has already set out its agenda for a new crypto regime . Reynolds previously worked at TheCityUK, a trade body, as a managing director and in a bill discussion in 2022 said that there were positives to the U.K. being a second mover to the European Union and learning from it. "CryptoUK and its members have a long-term working relationship with the U.K. government and, as such, we welcome the appointment of Emma Reynolds as the new City Minister, " a spokesperson from lobby group CryptoUK said. Siddiq, the former secretary, resigned on Tuesday due to mounting pressure regarding an anti-corruption investigation in Bangladesh. Siddiq, whose aunt was the former Prime Minister of Bangladesh Sheikh Hasina, was named in an investigation looking into allegations that her family had embezzled funds. In a letter , Siddiq said she had referred herself to the independent adviser on ministerial standards, Sir Laurie Magnus, where she was able to share the full details of her finances and living arrangements. Magnus had found that Siddiq had "not breached the ministerial code," her letter said. However, continuing her work would be a distraction to the government, she said. Siddiq had just announced that the U.K.`s new government, headed up by the Labour Party, would still follow the regulatory plans set by its predecessor the Conservative Party. Crypto and stablecoin legislation is expected to come out early this year. Many are looking at the U.K. to take steps forward to regulate the crypto sector as other major nations like the European Union install their crypto regimes and the U.S. waits for crypto friendly Donald Trump to begin his Presidency next week NewsBTC