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The second-highest day record in history was achieved on December 3 when the engraving volume of Bitcoin Ordinals hit 482,172, according to data from Dune. On November 12, 505,345 Ordinals were engraved on a single day, the most ever. As of this writing, there have been more than 46.1 million Bitcoin Ordinals engraved, and the total cost has above 3,300 BTC.

The French investment firm Eurazeo led a $36 million Series C pre-financing round for the blockchain insurance technology startup Igloo, which also included participation from Openspace Ventures and La Maison. The money will be utilised to fortify its data infrastructure and assist acquisition activities in the upcoming year. Igloo, a 2016 startup, has introduced Ignite by Igloo, an AI-powered platform for increasing efficiency for sales intermediates in Vietnam. It is also accessible in Indonesia. Additionally, the business has launched a blockchain-based Weather Index Insurance program that targets particularly unfavorable weather conditions for farmers in Vietnam and other Southeast Asian countries.…

Hedge investors are betting more heavily against the yen than they have since April 2022, speculating that the Bank of Japan (BOJ) will not take a hawkish posture. The most recent data from the Commodity Futures Trading Commission shows that as of November 28, leveraged funds’ net yen shorts climbed by 2,833 to 65,611 contracts. From a recent low of 151.91 per dollar recorded on November 13 to 146.23 on Monday—the best level since mid-September—Japan’s currency increased by about 4%. Kamakshya Trivedi and other analysts at Goldman Sachs Group Inc. wrote on Friday that they continue to think that the…

The precise amount of ABCDE’s investment in the Bitcoin staking infrastructure project Babylon has not been made public. As previously reported by Foresight News in July, Babylon plans to introduce a Bitcoin staking protocol and publish the first public version of its LitePaper on the Babylon forum in order to secure Bitcoin for use in Proof of Stake (PoS) networks and decentralised apps (DApps). By staking their Bitcoin, users of the protocol can receive incentives and strengthen the security of DApps and PoS chains. DApps and PoS chains have the option to incorporate the Bitcoin-supported economic security mechanism. The protocol…

26 projects that were not funded in the first round will be supported by a one-time reserve fund of 21.1 million ARB tokens, or around $23.54 million, approved by Arbitrum DAO. Though the program’s initial 50 million token budget prevented these initiatives from securing funding, they had already benefited from funding through the network’s Short-Term Incentive Programme (STIP). Gains Network (4.5 million ARB), Stargate Finance (2 million), Synapse (2 million), PancakeSwap (2 million), Wormhole (1.8 million), Magpie (1.25 million), RabbitHole (1 million), dForce (1 million), and Vela (1 million) are among the 26 enterprises that will benefit from this investment.…

The financial sector is always coming up with new ways to make spending money easier, and the next wave of digital payment systems is being driven by artificial intelligence (AI). Even if a lot of customers are using AI as a financial tool, the majority still don’t trust the technology with their money. According to a recent Empower study of 999 American adults, most people believe AI can help with financial planning; nearly two-thirds (65%) said they would utilise the technology to get performance updates or account balances. More than half of respondents said they would use AI in other…

Wall Street strategy teams are releasing their well-informed projections of the S&P 500’s final position at the end of 2024 as December approaches. Although the index was initially expected to rise, JPMorgan and Morgan Stanley have expressed concerns about the index’s path. These projections provide an understanding of how these teams are weighing known knowns, known unknowns, and other information at their disposal while also taking into account the possibility of future revelations of unknown unknowns, tail risks, black swans, and investors. The Federal Reserve forecasts, which are produced by Wall Street’s economics teams, are regarded as more important than…

The focus is on CMN Blockchain as everyone excitedly awaits the next wave of blockchain innovation. We are about to launch an extraordinary platform that will revolutionise the field of decentralised genius. Come along as we get ready to launch CMN Blockchain and pave the way for a future characterised by unmatched speed, unwavering security, and possibilities that are redefined by smart contracts. The Countdown Starts As the days go by before CMN Blockchain launches, the pace quickens. A committed group of people has worked hard to create a platform that will change the decentralised technology scene. Let’s have a…

A digital payment technology called Ripple (XRP) makes cross-border transactions quick and affordable. Using the Ripple transaction protocol (RTXP), the XRP ledger (XRPL) facilitates transactions on a decentralised blockchain. Unlike the majority of cryptocurrencies, XRP’s 100 billion token supply was predetermined; it is not gradually mined. One of the key technological differences between Ripple and other blockchain systems is its consensus mechanism. Performance of the Market Right Now The market capitalization of all cryptocurrencies combined, up 0.08% from the previous figure, is now $1.42 trillion. According to recent data, the total market value of cryptocurrencies is $38.64 billion, a 30.38%…

The XRP Ledger (XRPL) ecosystem will soon be integrated with Band Protocol, a decentralised oracle project. For the Ethereum Virtual Machine (EVM) sidechain and the XRPL mainnet, Band Protocol will take over as the main oracle provider. Through this connection, Band Protocol will be able to supply the XRPL ecosystem with dependable and secure data feeds, expanding its potential and facilitating the creation of numerous decentralised applications (dApps) on the platform. By providing a reliable oracle solution for both developers and users, the partnership hopes to improve the XRPL ecosystem.

In response to complaints regarding the purported usage of AI in a League of Legends video announcement, Riot Games has stated that the voice-over problems were not caused by AI but rather by the human voice actor not receiving the necessary guidance. Riot Games sent us to a tweet from the League of Legends Wild Rift account that offered a status update. On November 23, the League of Legends Wild Rift account released an introduction video featuring the game character Sivir, who the narrator described as “severe.” This was when the trouble started. While game makers have begun to welcome…

After some recent high advances, Asian sharemarkets started December cautiously, but mounting optimism that Europe and the US will lower interest rates should lessen the pressure on regional currencies and central banks. After falling more than 2% over night, oil prices around the world kept going down as OPEC+ producers’ voluntary output cuts for the first quarter of 2019 didn’t meet market expectations. The largest MSCI index of Asia-Pacific stocks outside of Japan dropped 0.5% following a record high of 7.3% previous month. Japan’s Nikkei was unchanged in November, despite posting its best month in three years with an 8.5%…

In a Wednesday radio interview, Argentina’s incoming president Javier Milei disclosed that Luis Caputo will take over as the nation’s new minister of the economy. The main responsibility of Caputo will be to pull Argentina out of its dire economic situation. Milei noted that Caputo and Nicolas Posse, the cabinet chief, had remained in Washington to continue negotiations over an economic plan for Argentina with officials from the US Treasury and the International Monetary Fund (IMF). One of Caputo’s duties will be carrying out Milei’s plans to reduce the country’s above 140% inflation rate. Milei’s platform will be postponed until…

Foreign currency With its noteworthy accomplishment of surpassing an 11-week peak and settling foreign reserves at $595 billion, India has once again shattered the record. This article will cover a number of topics, including the economy’s record-breaking performance and its effects on the economy, the outlook for the future, sectoral impacts, and more. Provide Figures That Break Records According to figures released by the Reserve Bank of India (RBI), India’s foreign exchange reserves reached an 11-week high of $595.40 billion. One of the biggest increases in the last four months was the nearly $5 billion increase in reserves. The action…

BlackRock has made changes to its Bitcoin Spot ETF proposal. Attracting investors while balancing the SEC’s preferences is the goal. BlackRock has been attempting to make real Bitcoin trading possible, but the SEC has been cautious in granting requests of this nature. The intention is to keep the product unrelated to the cryptocurrency market’s volatility. Exchange Traded Funded, the in-kind Bitcoin Spot ETF, has undergone revisions to guarantee that traders can trade Bitcoin directly, independent of futures, unlike other cash-based ETFs. The SEC and Nasdaq are presently considering the suggestion. It happens after BlackRock received input from the SEC requesting…

As part of a new technical roadmap for layer-2 network opBNB, BNB Chain engineers intend to lower network fees by 90% and more than double the transaction speed. According to the plan, the increase will reduce processing costs to $0.0005 within six months and boost processing to 10,000 transactions per second (TPS) from approximately 4,000. The first price reduction is set for December 4 and will drop from $0.005 to $0.001. The network is built upon the OP Stack of Optimism. At the intended speed, opBNB would rank among the fastest layer-2 networks; its well-known spinoff, Arbitrum, is said to…

The DeFi crypto locker protocol, FlokiFi Locker, has reached a TVL ATH of $107 million, according to a recent announcement by Floki. There are currently more than 2,000 locked wallets in the locker. For the first time, FlokiFi Locker’s TVL has surpassed $100 million. Floki’s official X/Twitter account made the announcement. A cryptographic locker protocol called FlokiFi Locker uses FLOKI as its main utility coin. NFTs, fungible tokens, and liquidity provider tokens can all be locked by users. The network increases the token’s usefulness with each successful lock transaction on the BSC and ETH chains where $FLOKI is purchased and…

The most recent version of Chainlink’s native staking mechanism, known as Staking v0.2, has been officially released. For version 0.2, the staking pool maximum has been increased to 45 million LINK, or 8% of the total amount in circulation. The creation of a modular architecture to accommodate future upgrades and changes, such as expanding to more services, the introduction of a new unbinding mechanism that offers greater flexibility to community members and node operators, the establishment of a penalty mechanism for node operator stakers that enhances security for Chainlink Staking’s oracle services, and the establishment of a dynamic reward mechanism…

Bill Ackman, a multibillionaire investor, believes the Federal Reserve will begin lowering interest rates sooner than the market suggests. The founder of Pershing Square Capital Management, Ackman, thinks that rate reductions might take place as soon as the first quarter. Based on data from the swaps market, traders are currently fully pricing in a rate drop for June, with an 80% possibility that a decrease will occur in May. In March 2022, the Fed started hiking rates quickly, which led to the fastest rate hikes in 40 years. Even though US inflation has largely decreased this year, the central bank…

Tuesday’s Asian markets showed a mixed bag of outcomes after Wall Street’s lackluster showing. The Federal Reserve’s projected 2023 interest rate reductions have been tempered by profit-taking, and traders are now waiting for important US inflation data expected later this week. There is hope that the US central bank has raised borrowing costs for the final time this cycle due to several indications that have emerged in recent months that indicate a slowing economy and a rise in consumer prices that is lower than expected. Analysts are worried that the findings might point to future weakening, though. Apart from the…