CryptoCurrency
3 altcoins below $10 with potential to turn $600 into $10,000
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Analyzing three altcoins with the potential to turn $600 to $10,000, with Rexas Finance leading the way.
Investors seek high-growth altcoins as the crypto market heats up. Three coins stand out for their potential: Rexas Finance (RXS), Cardano (ADA), and Fartcoin (FARTCOIN). Crypto watchers suggest these under $10 coins can turn $600 to $10,000 like XRP and Dogecoin.
Rexas Finance
The trending blockchain platform Rexas Finance looks to simplify real-world asset (RWA) tokenization.
Rexas Finance will tokenize real estate, art, and commodities for digital trading. This will allow fractional ownership and increase liquidity in illiquid markets, opening up opportunities to more investors.
Rexas Finance has achieved remarkable success in its presale. The project has raised $41.5 million, with over 427 million RXS tokens sold across all presale phases. RXS holders recently voted for a further presale stage, advancing the initiative to Stage 12. This decision is consistent with the project’s growing momentum and increased community support.
Offered at $0.20, the additional stage also helps the platform maintain competitive token pricing, allowing early investors to optimize their earnings.
Another attractive element of Rexas Finance’s utility network is its platform’s tools, such as the Rexas Token Builder, which will make token production simple even for non-technical users. The Rexas QuickMint Bot will enable instant token creation directly on chat platforms. These features reduce the barriers to entry for users in the digital asset market, creating new opportunities for enterprises and individuals alike. Rexas Finance will also include complex AI technologies, such as Rexas GenAI, which will allow for the easy production of unique NFTs.
Rexas Finance has gained further attention for its ongoing $1 million giveaway, in which the top 20 entrants will each receive $50,000 worth of RXS. This offer gives participants chances for considerable value and serves as a tool for raising platform awareness and adoption rates.
After the presale and all stages are finished, RXS plans to debut on at least three of the top ten global cryptocurrency exchanges. The official listing is set for June 19, 2025, at $0.25 per RXS. Analysts foresee a huge price increase that might result in over 100x gain for early investors.
Cardano
Cardano’s recent 15% surge has rekindled interest. Its market cap is $34.79 billion, and its price is $0.98.
Proof-of-stake consensus and formal verification have distinguished Cardano from other platforms. The blockchain also contains multiple DeFi applications and is undergoing considerable modifications to boost adoption.
Technical indicators suggest Cardano could surpass $2 in 2025. With its double-bottom base pattern, renowned traders like Peter Brandt are optimistic about ADA’s rally.
Fartcoin
Fartcoin has surged over 50% in the past week. The coin was conceived from the Truth Terminal AI trend. It benefits from the popularity of AI meme coins, which have grown significantly in recent weeks.
Currently trading at $1.80, the coin recently hit a new all-time high of $2.61. While Fartcoin is speculative and lacks the technical infrastructure of Cardano, it has potential in the meme coin market.
With President Trump launching his own meme coin, this niche might thrive, putting FARTCOIN among coins under $10 to watch in 2025.
Conclusion
As the cryptocurrency market heats up, Rexas Finance, Cardano, and Fartcoin offer investors unique opportunities. With its asset tokenization method, successful presale, and impending exchange listings, Rexas Finance could lead the way. Cardano is strong among smart contract platforms while Fartcoin capitalizes on meme coins.
For more information about Rexas Finance, visit their website, giveaway, X or Telegram.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Konstantin Lomashuk, the founder of the Lido staking protocol, has teased his intention to build a “Second Foundation” to advance Ethereum’s ecosystem.
Over the past several days, Ethereum co-founder Vitalik Buterin has outlined plans for a major restructuring of the Ethereum Foundation (EF), the nonprofit organization responsible for supporting Ethereum’s development. In a series of posts on X (formerly Twitter), Buterin shared details of the reorganization, which he said would streamline decision-making processes and address inefficiencies.
The announcement has sparked criticism, with some arguing that Buterin’s central role in the restructuring process undermines Ethereum’s ethos of decentralization.
The Ethereum Foundation, however, has long been scrutinized for its own centralizing influence within the Ethereum ecosystem. Over the past year, the organization has faced mounting pressure to define a clearer vision for Ethereum’s future as competing networks like Solana make strides.
Read more: Ethereum’s Vitalik Buterin Goes on Offense Amid Major Leadership Shake-up
The EF has also been criticized for its “rollup-centric” roadmap, which prioritizes “layer-2” networks that enable faster and cheaper transactions atop Ethereum. While these layer-2 rollups have boosted Ethereum’s throughput, they’ve also drawn concerns about potential trade-offs, such as diminished security guarantees and a notable dent in Ethereum’s base fee revenues.
Lomashuk, who has previously voiced concerns about the Ethereum Foundation’s direction, hinted at the concept of a “Second Foundation” in a December post on X. “The idea of a ‘Second Foundation’ is more about creating competition between different groups, giving the community a choice,” Lomashuk wrote. “EF is super deep, and it’s almost impossible for outsiders to contribute without building long-term research muscle. Without competition, we risk losing the right path.”
On Wednesday, Lomashuk published another X post sharing a newly established account for “Second Foundation.”
Representatives for Lomashuk did not immediately respond to a request for comment, but Martin Köppelmann, a prominent Ethereum developer close to Lomashuk, told CoinDesk that the “Second Foundation” proposal is authentic.
“He is certainly seriously thinking about it,” Köppelmann said. “The goal of course is to make it open to anyone who subscribes to the same ideas – roughly that Ethereum needs to scale better and faster.”
Lido, the protocol founded by Lomashuk, allows users to pool their ETH to participate in Ethereum’s staking mechanism, which lets users “stake” (lock up) crypto with the network in exchange for interest. Stake correlates to power in Ethereum’s governance system, making Lido a pivotal entity in the ecosystem: Currently, Lido accounts for around 28% of Ethereum’s staked ETH, making it the network’s single-largest validator.
In addition to Lido, Lomashuk co-founded P2P Validator, a company providing infrastructure for Ethereum validators, and cyber.Fund, a venture capital firm he operates alongside another Lido co-founder. His growing influence raises questions about the potential dynamics between a “Second Foundation” and the existing Ethereum Foundation as the network continues to evolve.
CryptoCurrency
Ethereum vs Solana: Which Is The Better Trade In 2025? Could There Be An Even Better Trade Than Both?
In 2025, most traders are considering either Ethereum or Solana. This is largely due to the success of both tokens over the past years. Ethereum’s updates make it a good option while Solana offers high speed of transactions as well as low costs.
However, of late, a new presale token, Remittix (RTX) is creating a buzz. This could be attributed to the success of its ongoing presale as well as its innovative way of handling cross-border payments.
The ultimate question remains: Can Remittix rival Solana and Ethereum in 2025?
Ethereum Rises 7% In 24 hours
ETH has begun 2025 with strong momentum. Currently trading at $3,442.66, it is up 7% over the last 24 hours. This keeps Ethereum as the second-largest cryptocurrency.
With improvements such as “The Surge” upgrade and spot ETF approvals, Ethereum is poised to rise with some analysts anticipating a top of $12,000.
In recent years, Ethereum made big changes to how it works. It switched to a proof-of-stake system, which uses less energy than before. This change has made it more environmentally friendly and prepared it for future growth. Ethereum might be a great investment in 2025.
Solana: The Fast and Affordable Challenger
Solana has gained a lot of attention because of its speed. The network can handle thousands of transactions every second. It is also cheaper to use, making it a good choice for developers building applications in areas like gaming or NFTs.
Analysts think that SOL might reach $500 by 2025, thanks to the excitement surrounding its prospective ETF launch. This expands its DeFi adoption, and increases institutional interest.
Solana’s focus on affordability has strongly impacted its adoption. It has helped it attract a strong community of developers and users. This further advances Solana’s place in crypto.
What Makes Remittix Different?
While Ethereum and Solana are strong players, Remittix is quickly becoming an interesting option for investors. It aims mainly to solve problems in the world of financial transactions. Many traditional systems for sending money across borders are slow and expensive. Remittixoffers a faster and cheaper way to handle these transfers.
This focus on real-world financial solutions makes it stand out from other projects. Remittixis poised to improve cross-border payments. It is designed to be practical and useful, which gives it a unique position in the crypto market.
Right now, the DeFi coin price for Remittix is low, making it accessible for early investors. Its presale token has already created a buzz, and some experts believe in its potential to deliver huge returns.
But the crypto market is always changing. New projects like Remittix show that there is room for innovation. By focusing on solving real problems, Remittix is setting itself apart as a potential leader in its space.
For investors, this means there are more choices than ever. Whether you stick with well-known names like Ethereum and Solana or take a chance on something new like Remittix, the key is to stay informed and consider what fits your goals.
Ethereum and Solana have proven themselves as strong options for crypto traders. Both offer unique advantages that make them worth considering in 2025. But for those who want to look beyond the usual names, Remittix could be a game-changer.
Its focus on fixing issues with cross-border payments gives it a practical edge in the market. With its presale token selling for a low price at $0.0228 and growing interest, it might just be the hidden gem that surprises everyone in the next few years.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
According to the CME, 29.4 million crypto futures contracts were traded in 2024, valued at over $1.7 trillion in notional figures.
HM Revenue and Customs (HMRC) has announced plans to improve tax code processing for new private pension recipients starting from April 2025, aiming to ensure people pay the correct amount of tax from the beginning of their pension payments.
The tax authority will implement automatic updates for customers on temporary tax codes who would benefit from being moved to a cumulative code.
This latest move from HMRC is designed to help pensioners avoid both overpayments and underpayments of tax, eliminating the need for adjustments at the end of the tax year.
Customers will not need to contact HMRC about these changes, as the process will be entirely automatic.
Going forward, HMRC will notify affected customers either by letter or through digital channels if they have opted for paperless communications via the HMRC app or online services.
Do you have a money story you’d like to share? Get in touch by emailing money@gbnews.uk.
Private pensions could be taxed less under HMRC changes
GETTY
The tax authority has assured that pension providers will not need to alter their tax coding processes, as HMRC will handle all adjustments automatically as part of its services.
Providers will receive notifications when tax codes have been automatically adjusted for their customers.
The new system is expected to reduce the number of tax code error queries that pension providers receive.
Myron Jobson, a senior personal finance analyst at interactive investor, welcomed the change, calling it “a significant step forward in simplifying what can often be a confusing process”.
Pensioners are worried about a potential looming tax raid GETTY“For too long, pensioners have borne the brunt of systemic inefficiencies, with many unknowingly overpaying tax and waiting months for refunds,” he said.
Jobson added: “This change not only ensures that pensioners are taxed more accurately in real time but also reduces the financial and emotional stress of overpayment.”
The scale of the current tax code issues was highlighted by recent HMRC figures, which showed the tax authority processed refunds totalling £49,514,458 between October and December 2024.
This substantial sum in refunds over just three months demonstrates why the upcoming changes to tax code processing have become necessary. HMRC emphasised that this automatic tax code update system is part of their broader commitment to enhancing customer service experience.
The change aims to deliver immediate benefits to customers, ensuring they receive the correct pension payments more quickly. This improvement represents one component of HMRC’s wider initiative to streamline services for taxpayers.
Sir Steve Webb, a former pensions minister and partner at LCP, praised the tax authority’s latest move as a “victory in a 10-year campaign to end the scandal of over-taxed pensions”.
LATEST DEVELOPMENTS:
Steve Webb said Daphne’s case provided a ‘glimmer of hope’ STEVE WEBBHe explained: “It is great news that, at long last, HMRC has listened to the voices of ordinary taxpayers and changed this scandalous system.
“For too long, hundreds of thousands of people have been overtaxed and had to jump through hoops to claim back their own money.
“This new system should mean that far more people are quickly moved on to the correct tax code and no longer end up with an overpayment of tax.
“The tax system is complex enough as it is, and this change should hopefully reduce the complications which pension savers face when they try to access their hard-earned cash.”
Lorenzo Sewell, a Detroit pastor who delivered a prayer on the Donald Trump inauguration, announced the launch of his official meme coin. Although the coin is meant to be used for charity purposes, crypto X reacted sceptically, to say the least.
Predictably, the Trump inauguration delivered some spectacular moments — from Melania’s hat preventing the President’s kiss to Elon Musk’s alleged Nazi salute at the end of his speech.
The crypto community was caught off guard by the total absence of cryptocurrency mentioned in Donald Trump’s speech. However, the photos of Trump with Sen. Lummis, who waged war on Operation Choke Point 2.0 and proposed the creation of a Strategic Bitcoin reserve, were met with enthusiasm.
One of the stunning moments of the inauguration was the three-minute-long MLK-heavy prayer delivered by a Michigan pastor, Rev. Lorenzo Sewell. He chanted his words referencing the famous “I Have a Dream” speech and Declaration of Independence, starting his prayer by grating the Lord for the “millimetre miracle” that saved the future president from the bullet during the July murder attempt. Sewell stated that America will begin to dream again.
One of the reasons for multiple references to Martin Luther King’s speech may be the fact that Trump’s inauguration coincided with MLK Day. And Sewell mentioned Dr. King that night once again–in a short video on X where Sewell announced the launch of his official crypto token. The pastor urged everyone to buy it in order to help the ministry and concluded that “we know that King’s dream can only be fulfilled if we acknowledge that people are living in a nightmare”.
The comment section went poisonous on the announcement. But let’s first talk about Sewell’s personality before diving into his meme coin and the community’s reaction.
Rev. Sewell’s complicated past
People who followed Trump’s campaign weren’t probably surprised to see Sewell delivering a prayer during the President’s inauguration as the pastor has been actively involved in the 2024 campaign, presenting the pro-Trump Christian events, giving speeches alongside the future president in churches and addressing the public at a Republican National Convention.
Before joining the Trump bandwagon, Sewell has been a pastor at the non-denominational 180 Church. Rev. Sewell doesn’t divide religion from politics, saying that the gospel message is the political message and the Bible is a political book. “You cannot be a spiritual person and not be political,” said Sewell. Fox News cites him saying that he doesn’t believe all Democrats are demons, but their platform is demonic.
Sewell is passionate and energetic, not only in his prayers. Not everyone in the 180 Church was happy to have a pro-Trump pastor, and on one occasion, the political clash resulted in Sewell getting handcuffed. His enemies drilled new locks to the church door, and the pastor was approached by the police while trying to get into the church. Thankfully, after weeks of holding services elsewhere, including a methadone clinic, Sewell managed to get his church back. It was only a year before Sewell met Trump for the first time and joined his 2024 campaign.
During that meeting at the roundtable, Sewell expressed his admiration of Trump, saying the 45th President was charged with 34 felonies, and then he raised $52.8 million in 24 hours. Felonies that don’t stop the one on the way to glory is something that Sewell understands very well as it reflects his own life experiences as reportedly Sewell was a gang leader in the 90s before the 1999 spiritual revelation brought him to a religious path.
Pastor’s meme coin roast
The pastor’s $Lorenzo meme coin doesn’t seem that different from the TRUMP and MELANIA tokens that garnered substantial amounts of criticism following the launch. However, it seems that it was the pastor’s coin that gravitated the most hate.
In the X post, Sewell claims he decided not to sell Lorenzo tokens and instead locked them permanently in the Liquidity Pool to earn fees and let the token flourish. In the video, Sewell asked people to “do him a favor” and “buy the official Lorenzo Sewell coin.” However, the public was harsh on the move. Below, you can see only a few of the many angered voices:
Will pastor man rug? Only God knows. What’s clear enough for many in the crypto community is that meme coins began to gain notoriety similar to one that NFTs got at some point, where the element of gambling and scammers started to outshine the revolutionary technology.
In his criticism towards the TRUMP token, journalist Nic Carter suggested that tokens issued by political figures in power may be used by external agents to manipulate and bribe national affairs. Can someone influence Sewell via a generous $Lorezno investment? Will see.
CryptoCurrency
Could AI Foresee Meme Coin Trends? MIND of Pepe Gains Momentum After TRUMP Token Rally
The line between meme coins and serious tech just got even blurrier.
While the TRUMP meme coin has been making all the headlines, a new project called MIND of Pepe is beginning to go viral on social media.
This “autonomous AI agent” claims it can crack the code on meme coin trends and market mood – all while keeping that unmistakable degen energy.
TRUMP Token Drama Sets Stage for MIND of Pepe to Take Off
This week, there has been a collision of politics and memes in the crypto market.
The Official Trump coin took off ahead of the inauguration, shooting as high as $75, only to plunge as early investors jumped ship.
However, all of the attention around TRUMP has been a net positive for meme coins.
And MIND of Pepe is capitalizing on this interest.
This AI-powered platform has gone viral, with its Twitter account growing to over 9,600 followers already.
Unlike most trading bots, which follow strict rules, MIND of Pepe goes beyond that.
Its artificial intelligence tech digs into the chaos of meme coin trading to spot hidden patterns.
For example, if it was live during the TRUMP frenzy, MIND of Pepe would be busy analyzing everything from social media buzz to wallet activity.
It would then give its community early warnings before TRUMP’s price crashed.
Ultimately, as the dust settles on the latest meme coin mania, traders are on the lookout for tools that could give them an edge when the market picks back up.
MIND of Pepe could be that tool.
How MIND of Pepe Aims to Streamline Crypto Trading for Beginner Investors
But MIND of Pepe isn’t just about predicting meme coin movements.
It’s also doing things that would have been impossible just a few months ago.
This AI agent can run its own crypto wallet, post on social media, and even create new tokens based on the trends it picks up.
Picture it like a digital crypto trader who never sleeps, always scanning the market for the next big thing.
And there’s more.
MIND token holders can use a staking program offering returns far higher than other crypto staking apps.
With APYs estimated at 703%, early investors are piling in, though these yields will decrease gradually as more people participate.
In addition, the MIND token itself has been audited by Coinsult and SolidProof, which helps ease any security concerns.
The analysts at 99Bitcoins are hyped about MIND’s prospects.
They even described it as the “top AI agent crypto”.
MIND Token Presale Hits $3M Amid Hype Around AI Agents
Things are beginning to pick up for MIND of Pepe.
The project’s presale has just passed the $3 million mark, with MIND tokens priced at just $0.0031762 each.
However, this price will jump again in less than 48 hours, so investors are rushing to get in as soon as possible.
Would-be investors can secure MIND tokens using both crypto and a bank card.
And the timing of this presale momentum couldn’t be better.
AI agent tokens have exploded in early 2025, rocketing to a market cap of over $15.3 billion.
Projects like Virtuals Protocol have seen gains so huge – a 40,000% jump from its low last year – that even seasoned investors have been shocked.
The sector is on fire, and some analysts even think it could match the meme coin space itself.
MIND of Pepe is right in the middle of all this.
While other projects are still deciding what to offer, this one already has a product in development that combines degen culture with advanced AI tech.
The real question now isn’t whether MIND of Pepe has potential, but how quickly it could realize it.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Many analysts are ruminating on the next significant milestone, as the remarkable price increase of Bitcoin has captivated the market’s attention. A research company, 10x Research, predicts thatthe alpha coin could reach $122,000 by February. Although this may appear to be an ambitious goal, it is consistent with the optimistic perspective of numerous experts who have observed Bitcoin’s capacity to surpass critical price thresholds since the approval of Bitcoin ETFs.
Related Reading
Bitcoin: Robust Momentum
The momentum of Bitcoin is undeniable. In recent months, its price has fluctuated in a consistent manner, with periodic increases that have typically occurred within the $16,000–$18,000 range.
Markus Thielen of 10x Research believes that these consistent increases indicate a continuation of upward movement, which implies that $122,000 is feasible in the near future. Thielen underscores that the crypto asset’s market conduct may experience a pause upon attaining this objective, despite the optimistic outlook.
Thielen believes Bitcoin’s breakout presents a “low-risk, high-reward entry opportunity,” with Bitcoin trading at $105,727. He noted that after Donald Trump’s inauguration, BTC tested the $101,000 resistance, making it a favorable time to buy with stop-losses around $98,000.
Thielen also pointed out that Bitcoin has risen in $16,000–$18,000 increments since the launch of spot Bitcoin ETFs in the US, suggesting it could reach $122,000 by February before entering another consolidation phase.
Expectation Of Consolidation Following The Surge
A period of consolidation may ensue following Bitcoin’s prospective ascent to $122,000. This phase, during which its price stabilizes prior to another outburst, has been a recurring trend throughout its history. Investors should anticipate this period of sideways price action, which may present new opportunities for those who are anticipating a more favorable entry point.
Strength In Relation To The Stock Market
The optimistic forecast is also in line with the relative strength of Bitcoin in comparison to traditional markets. Despite the challenges that equities have encountered, it has demonstrated remarkable resilience.
Due to the increasing number of institutional investors who are investing in Bitcoin, the price of this digital asset is becoming less correlated with the broader financial market. This pattern has the potential to intensify the upward trajectory toward $12,000.
Meanwhile, according to current price predictions, the price of Bitcoin is predicted to rise by 24% and reach $ 130k by February 21, 2025. Technical indicators, according to CoinCodex, show the current sentiment is Bullish while the Fear & Greed Index is showing 84 (Extreme Greed).
Related Reading
When?
Though historical success of Bitcoin does not ensure future outcomes, the present conditions are favorable for more growth. The cornerstone for any price increases is Bitcoin’s ability to profit on positive news, such as ETF approvals, together with institutional support. The question is not whether Bitcoin will hit $122,000; rather, when.
Featured image from Getty Images, chart from TradingView
CryptoCurrency
New Calamos ETF Promises 100% Downside Protection Against Bitcoin (BTC) Price Volatility
A new exchange-traded fund (ETF) by global investment management firm Calamos that promises to protect investors from the volatility in bitcoin’s price hit the market on Wednesday.
CBOJ, the first of three ETFs, provides investors with 100% downside protection while offering 10% to 11.5% upside potential over a one-year period, according to a press release. A representative of Calamos told CoinDesk that as of 12:11 p.m. ET, the ETF traded roughly 635,714 shares.
The other two funds, CBXJ and CBTJ, set to launch on Feb. 4, will provide 90% and 80% protection, respectively, with capped upside of 28% to 30% and 50% to 55%.
Downside protection is achieved through investments in U.S. Treasuries and options on Bitcoin index derivatives. The upside cap is set annually, and the period is reset every year with new terms.
In simple terms, if an investor bought $100 worth of shares in the ETF, Calamos would put a percentage of that in Treasury bonds that would grow back to $100 over a one-year period, ensuring that regardless of where the price of bitcoin stands at the time, the investor has the full $100.
The rest is used to buy options linked to the price of bitcoin, allowing exposure to the cryptocurrency while not directly owning it.
This safety blanket doesn’t come cheap, however. The management fee for the ETFs is set at 0.69%, higher than that of other ETFs that invest in bitcoin. The average fee for U.S.-based ETFs is about 0.51%, making these ETFs a bit expensive for investors. However, the higher price might be worth paying for investors looking for safety from the volatile digital assets market.
While “bitcoin maxis” and other investors believe in the long-term value increase of bitcoin, many, especially traditional institutional investors, worry about bitcoin’s volatility and periods of complete free-fall.
One question that may arise from the mechanics of the ETF is whether it would compete with MicroStrategy’s (MSTR) convertible bonds, as both offer some downside protections. However, according to CoinDesk analyst James VanStraten, that’s not the case. MSTR’s notes differ from Calamos’ ETF in that they don’t have a cap on the upside potential. If certain criteria are met, those get converted into equities, resulting in potentially higher risk but more upside.
ETFs protecting against the downside have, therefore, become a popular innovation by issuers in recent months, leading up to crypto-friendly President Donald Trump’s inauguration. This has spurred hope that many of those ETF applications will receive approval under the new Securities and Exchange Commission.
Crypto asset manager Bitwise revamped three of its futures-based crypto ETFs in October to include exposure to Treasuries to protect against crypto price drops. The funds will, therefore, rotate between investing in crypto and Treasuries depending on market signals.
The Silk Road creator walked free on Jan. 22 after 12 years in prison. Wallets tied to him are rumored to be worth around $47 million.
CryptoCurrency
Church hit with £1,172 bill after installing smart meter, despite using heat just one hour a month
A tiny Peak District church serving just six worshippers has seen its monthly electricity bills inexplicably surge from £15 to as high as £1,172 after installing a smart meter.
Saint Mary and Saint John Berkhamsytch in the hamlet of Bottomhouse has been hit with thousands in charges despite only using power for one hour each month.
Pam Ramsay, the church treasurer has spent the past year trying to convince Utility Warehouse to address the “nonsensical” bills.
The energy supplier insists the readings are accurate, even though the church only switches on electricity for its monthly 3pm service of hymn and prayer. The church has no plumbing or running water and relies solely on ten single-bar heaters to warm the congregation during services.
Reverend Jane Held, who oversees this church along with eight others said: “It simply makes no sense as the church electricity is only turned on for about an hour every month.”
Held ensures the power supply is turned off at the main junction box after every service to prevent any additional usage
GETTY
The vicar explains that these “unbelievable bills” are paid using money from collection plates passed around during services.
Held explained she ensures the power supply is turned off at the main junction box after every service to prevent any additional usage.
Chris Ramsay, 75, a retired electrical engineer tested the church’s actual power consumption using a basic £20 power meter from Amazon. The readings showed each heater used between 1,211 and 1,217 watts during operation.
He said: “If the meter shows 1,000 watts it is equivalent to a 1kWh reading. That is the amount of electricity used in an hour.”
LATEST DEVELOPMENTS:
With all ten heaters running for one hour monthly, the church uses approximately 12kWh per month.
While domestic users pay around 25p per kWh according to Ofgem, the church faces higher ‘non-domestic’ rates of 67p per kWh – meaning the actual monthly heating cost should be about £8.
The church’s standing charge has more than tripled, rising from 41p to £1.26 per day last May. This adds £39 to the monthly bill, even when the church is not using electricity.
Despite the total monthly costs logically remaining under £50, the church faced shocking bills throughout 2024: £1,172 in March, £568 in February, £385 in August, and £254 in December.
The church estimates it has been overcharged by £3,000 in the past year alone.
Ramsay said: “What is actually going on is hard to fathom because when the meter was installed four years ago everything was fine. As recently as September 2023, we were being charged £14.16.
“But then readings started to go haywire. My own suspicion is there is something wrong with the way the meter is sending signals for what is used to the energy supplier.
“Radio wave messages are somehow getting scrambled and not properly read – perhaps due to the church being situated in an isolated spot that is far from communication masts.”
Smart meter readings are transmitted via mobile phone and radio masts to Data Communications Company servers linked to energy suppliers.
Energy UK has revealed a regional divide in signal transmission methods, with the Midlands using cellular technology while northern England relies on radio frequencies. The church’s location may straddle both networks, potentially causing signal interference.
The £13.5billion smart meter rollout has faced various challenges, with one in ten meters going ‘dumb’ due to poor reception, thick walls, or battery failures.
A Utility Warehouse spokesman responded: “We are sorry to hear about Ramsay’s concerns regarding the church’s bills. Following an engineer’s visit, we can confirm the smart meter is working correctly and recording energy usage accurately.”
The company says its customer service team has contacted Ramsay to discuss the account and arrange a manageable payment plan.
Jet2 expands Greece summer programme as new flights to ‘enormously popular destinations’ announced
Collapsed funeral firm payments ‘a slap in the face’
Lido Co-Founder Teases ‘Second Foundation’ for Ethereum Amid Community Backlash
These ’90s fashion trends are making a comeback in 2025
The Season 9 ‘ Game of Thrones’ is here.
9 spring/summer 2025 fashion trends to know for next season
Jet2 expands Greece summer programme as new flights to ‘enormously popular destinations’ announced
Collapsed funeral firm payments ‘a slap in the face’
Lido Co-Founder Teases ‘Second Foundation’ for Ethereum Amid Community Backlash
-
Fashion8 years agoThese ’90s fashion trends are making a comeback in 2025
-
Entertainment8 years agoThe Season 9 ‘ Game of Thrones’ is here.
-
Fashion8 years ago9 spring/summer 2025 fashion trends to know for next season
-
Entertainment8 years agoThe old and New Edition cast comes together to perform You’re Not My Kind of Girl.
-
Sports8 years agoEthical Hacker: “I’ll Show You Why Google Has Just Shut Down Their Quantum Chip”
-
Business8 years ago
Uber and Lyft are finally available in all of New York State
-
Entertainment8 years ago
Disney’s live-action Aladdin finally finds its stars
-
Sports8 years ago
Steph Curry finally got the contract he deserves from the Warriors
-
Entertainment8 years ago
Mod turns ‘Counter-Strike’ into a ‘Tekken’ clone with fighting chickens
-
Fashion8 years ago
Your comprehensive guide to this fall’s biggest trends
You must be logged in to post a comment Login