Browsing: Bitcoin

On X/Twitter, TRON recently unveiled its new Bitcoin Layer 2 solution and roadmap. On the TRON network, the solution will decentralize and entwine different tokens. Stablecoins, a network integration of TRON with BTC, and associated L2s such as Bitcoin Ordinals will be among the tokens. In addition to providing access to Bitcoin’s worth of 55 billion dollars, the integration will connect TRON and Bitcoin. As a result, the innovation will give Bitcoin more financial life and benefit the industry as a whole. The price of TRX has increased by 1.37% in the last day due to the announcement. The coin…

Bitwise announced on X that it is switching from P2PKH to native SegWit P2WPKH for its Bitcoin address. The objective is to implement novel technologies and provide investors and the cryptocurrency community with an improved experience. Power play has been characterized as the most important since it lowers costs and boosts transaction efficiency. Above all, it represents Bitwise’s dedication to innovation and eclipsing the traditional finance players. In addition to expressing pride and gratitude to Coinbase Custody, Bitwise said that their team responded to the request right away. As a short reminder, the native SegWit has advantages over the conventional…

SEC Chair Gary Gensler recently addressed the media and outlined the Commission’s position on Bitcoin and other cryptocurrencies. On January 10, 2024, for example, applications for the Spot Bitcoin ETF were granted, which led to rumours that further cryptocurrency ETFs would be introduced to the market. Applications for Ether ETFs are at the top of the list, and many cryptocurrency aficionados anticipate that they will be accepted by mid-year. Gary’s media appearance suggests that might not be the case. According to Gensler, the Commission has granted 11 applications for Bitcoin ETFs, but this does not always mean that they are…

ICP just published a report summarising its year’s achievements. The paper included an overview of ICP’s multi-chain characteristics, collaborations, new initiatives, and rapid industry expansion. Even though 2023 was a terrible year for the cryptocurrency industry, ICP managed to boost its developer growth by 30% at the end of the year. ICP was also favored by the overall cycle burn rate, which is a parameter used to emphasize the economic value generated by the Internet Computer. Throughout the year, the average daily burned cycles increased, and by 2024, the burn rate is expected to triple. of a similar vein, the…

In June 2023, Bybit and DMCC inked an MOU. The goal was to commit to expanding the Web3 and cryptocurrency landscapes while also assisting Dubai in becoming a major worldwide hub for the industry. It makes sense that both parties would want to keep working together in the future as Dubai Multi Commodities Centre has played a key role in influencing the development of cutting-edge technologies. Going ahead, two events in Dubai will be co-hosted by Bybit and DMCC. Let Web3 Happen in Dubai on February 19 of this year is the first event of its kind. This year’s fifth…

The industry leader in commercial blockchain and cryptocurrency services, Ripple, is scheduled to purchase Standard Custody & Trust Company, a recognised platform for digital assets. This demonstrates Ripple’s dedication to regulatory compliance and allows the company to grow both its current product line and its prospect pipeline. Through this acquisition, Ripple will add the limited purpose trust charter and money transfer certification from Standard Custody to its expanding list of accreditations. Ripple and its subsidiaries own a Monetary Authority of Singapore Major Payment Institution Licence, a New York BitLicense, and about forty money transmitter certificates. The Central Bank of Ireland’s…

With effect from February 4, 2024, CoinDCX has stated that it is assisting more than one lakh Koinex users, allowing them to easily switch to the new platform. Empowering the Indian crypto community is the goal. Users can locate their assets and validity in the CoinDCX wallet after they have switched. The understanding between CoinDCX and Koinex makes it clear that efforts must be made to promote a safe and transparent VDA environment. For CoinDCX and Koinex customers who are new, current, and overlapping users, the transfer process is different. New users must download the CoinDCX mobile application and follow…

Solana meme coins have gained a lot of attention for the past few months. The network became the preferred option for meme currency creators because of its affordable and quick transaction fees. Although the first SOL meme initiatives were operational as early as 2021, they were largely ignored until a few months ago. In November 2023, Bonk (BONK) made his outrageous comeback, which ignited the buzz. When BONK was first founded in early 2021, its trading line stayed flat until December 15th, surging by over 12,000%. From then on, the niche took off; currencies like MYRO, WIF, and WEN achieved…

There has been a lot of conjecture over how the ongoing legal dispute between Coinbase and the SEC may affect forecasts for the price of Bitcoin and altcoins like Bitbot. Regulation is not new to the cryptocurrency market. However, the result of this well-known lawsuit may be crucial for Coinbase’s future as well as the future of the larger cryptocurrency ecosystem. There are concerns regarding the possible ramifications for Bitbot’s trajectory and whether it could ride the waves of a Coinbase victory to reach new heights in 2024 as investors and cryptocurrency whales keenly follow the judicial drama. We’ll look…

Once more, Bitcoin has taken front stage. This time, the US SEC approved 11 Spot Bitcoin ETF applications after a month. The way the sphere trades with Bitcoin has altered as a result. Asset management companies predict that the market will continue to grow. Bitwise Asset Management is more optimistic about the volumes of the Spot Bitcoin ETF. The company’s chief investment officer, Matt Hougan, stated that the fact that at least 18 of the 19 flow days had occurred gives him hope for the investment product. Hougan added that volumes and inflows have exceeded their initial projections. In terms…

In the past day, Ripple’s XRP has dropped by 2.56% and is currently trading at $0.5183. It is only fair to say that the ongoing legal struggle with the SEC is responsible for at least some of the slide, even though it may not be the entire reason. With the SEC and Ripple being in the last week of discovery relating to Remedies, relief may be on the way. Subsequently, each will have to turn in remedy-related pleadings about violations of Section 5 of the Securities Act. Selling XRP to institutional investors is included in that. Regarding its intentions to…

SanchoNet is now hosting Plutus V3. Advanced Plutus primitives and more tools for Cardano developers who wish to construct smart contracts are included in the team’s launch release. Supporting aspects related to voting and governance is the main goal. Additionally, Plutus V3 increases the adoption rate of smart contracts and facilitates blockchain interoperability. Input Output Global and MLabs have been collaborating on it. In the background, Plutus V3 ensures that developers have access to all the tools required by industry standards. It expands upon the Valentine update, which included SECP elliptic curve support. Sums of Products is one of Plutus…

One of the most well-known cryptocurrency assets available is Dogecoin, the original meme coin. Based only on market capitalization, the coin is rated eleventh out of all cryptocurrencies. In 2013, DOGE made its market debut as a lighthearted dig at the early days of Bitcoin. But since then, the coin has developed a devoted following, and new additions are released regularly. Dogechain was one of these modifications. Many people identify the Layer 2 chain solution with the DOGE brand even though it is not based on the Dogechain blockchain. Utilizing Polygon Edge technology, the blockchain that is compatible with Ethereum…

Through the completion of easy activities, users of Bitcoin faucets can earn modest cryptocurrency or BTC prizes. Developed in 2010, renowned coder Gavin Andresen created the first Bitcoin faucet. It gave away 5 BTC to any person who successfully finished easy captchas. Ultimately, 19,715 BTC tokens were given, contributing to the global dispersion of early BTC ownership. Since then, Bitcoin faucets have played a crucial role in educating cryptocurrency users, which has contributed to the positive development of cryptocurrencies as a medium of exchange or money. Naturally, given the recent surge in BTC and other cryptocurrencies, Bitcoin faucets do not…

According to Ki Young Ju, CEO of CryptoQuant, the price of bitcoin is expected to rise later this year, with the best-case scenario pushing the commodity past $100,000 for the first time. However, a few things must happen first, primarily about the recently authorized spot Bitcoin ETFs in the US. Will ETFs Drive Bitcoin’s Future Upsurge? Experts have been speculating on whether these developments will be a sell-the-news event ever since the whole crypto community and a larger portion of the traditional financial industry realized that the SEC will undoubtedly authorize spot Bitcoin ETFs sooner rather than later. That proved…

For weeks, the price of bitcoin was at $42,000. It has at last surpassed the $46,000 threshold, shattering the ceiling. The last time that BTC was traded, it was at $46,297.90, up 3.995 from the previous day. It also shows an increase of 7.20% and 0.97% over the previous 30 and 7 days, respectively. Volume during a 24-hour period is up 16.21%. The fact that the US Securities & Exchange Commission approved the applications for the Spot Bitcoin ETF is mostly to blame for the decrease in selling pressure that GBTC incited. Its current goal is to quicken expansion based…

Bitcoin was first introduced in January 2009. It is ascribed to Satoshi Nakamoto’s efforts. Even though Nakamoto’s true name is still unknown, it is becoming increasingly obvious that the intention is to provide digital money that is decentralized and accessible to all individuals worldwide. Volatility is one of the few issues that it has been having. This is demonstrated by the most recent decline to a value of less than $40,000, which occurred just hours after it crossed the $47,000 threshold. This begs the issue of whether Bitcoin will soar to new heights or plummet to a disastrous crash before…

The deadline for the Securities and Exchange Commission (SEC)  to decide on the Invesco Galaxy Ethereum ETF has been extended. Previously, the agency had delayed deciding on the fund until December, and it was only lately that it declared it would file a lawsuit. In a filing, the SEC states that there is currently a chance to file a lawsuit about the approved regulatory changes. This also applies to several spot Ethereum ETF applications that have been extended by the SEC. Grayscale Investments has also joined the line. The SEC is worried that Ethereum’s proof-of-stake system and the concentration of…

Avalanche has released information regarding the potential effects of Durango on various network components. The projected Avalanche network update, Durango, is expected to go live on the Fuji testnet on Tuesday, February 13, 2024, at approximately 11 a.m. ET. The pre-release code for the update has already been made available by the Avalanche Labs engineering team. It might have an impact on Core Stake, the developer’s accountability, and staking migration. First and foremost, the Avalanche Wallet has been tasked with overseeing the staking feature. However, with the introduction of Durango, that feature would soon be dropped. However, the site will…

To address the difficulties involved in distributing a token across several chains, Axelar has introduced Interchain Token Services (ITS). The latest application maintains the characteristics and interchangeability of every ERC-20 token, enabling it to move via any blockchain that is compatible with EVM, following the same route that Axelar did. ERC-20 tokens can now move across any of the 15 EVM-compatible blockchains in Axelar’s orbit while retaining their fungibility and other properties thanks to a new technology called the Interchain Token Service (ITS). Future roster expansions are being considered. Axelar’s DeFi Head, Jason Ma, claims that tokens go through little…