Browsing: Cryptocurrency news

Tether has made a $18.75 million investment in XREX Group intending to enhance the online asset space overall and launch worldwide payments using USDT. Tether also intends to launch creative, cutting-edge regulatory technology. For the uninitiated, XREX is a certified financial organization headed by blockchain technology, and Tether is the biggest corporation in the online asset industry. With the money it receives, XREX hopes to change the financial environment by facilitating international B2B payments that are focused toward USDT. Additionally, the business will work with the Unitas Foundation to launch XAU1, a united stablecoin governed by the USD that will…

By sticking to its earlier announcements, Ripple expands upon them. A plan has been devised to introduce Oracle services during the second quarter of 2024. This will probably put it in direct competition with Chainlink as a top rival. It’s interesting to note that the community is excited about other developments as well. AMM, DiD, MPT, and a native lending protocol are few more. The community may be especially excited about the improvement that involves Oracle integration. In essence, it allows the platform to incorporate actual data from the real world into a blockchain (XRPL in this example). Users will…

Regarding the acceptance of Bitcoin, El Salvadorian authorities are in discussions with Argentine officials. The CNV (Argentinean National Securities Commission) verified the news. The CNV verified that senior officials from both parties recently met, per an official announcement. The parties are attempting to assess potential terms of collaboration regarding issues pertaining to virtual assets. El Salvadorian authorities convened with top-ranking CNV officials to discuss the country’s Bitcoin regulations. With Bitcoin at the core, the cryptocurrency world has already dubbed it an alliance. The vice president of the regulator, Patricia Boedo, met with Roberto Silva, the president of CNV. Together, the…

Using MultiversX, Ethereum and Bitcoin may be transferred quickly and utilized in decentralized applications. The MultiversX Bridge supports Ethereum and Bitcoin, the two most widely used digital commodities, which is fantastic to hear. MultiversX offers a number of notable features that Bitcoin and Ethereum may benefit from, including lightning-fast transaction fees, creative functionality, and little overhead. Because of its extended compatibility, Ethereum and Bitcoin can benefit from the same degree of convenience provided by ESDT and ELGD. The decentralized protocols can envision new options for customers and utilize the extended interoperability capability of the MultiversX Bridge. The prefix “w” indicates…

Regarding the House of Representatives’ vote on FIT21, Coinbase CEO Brian Armstrong expressed his opinion and thought it was really exciting. He also talked extensively about the 21st Century Act’s use of technology and financial innovation. He thinks the vote will contribute to the clarification of cryptocurrency legislation. Armstrong went on to say that every American has a right to know that their politicians are defending their rights when it comes to using cryptocurrency. Implementing laws guaranteeing consumer protection and prohibiting non-state actors from upsetting the cryptocurrency market are other measures. He concluded by clapping together with Stand With Crypto,…

The Ether ETF’s certification has sparked renewed interest. This resulted in significant gains for three specific tokens: Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The current month is bullish, with every token having the potential to reach a new all-time high in the coming days. In fact, Bitcoin is already on track to surpass $74,000, and ETH is trading at over $3,600. Major milestones are $75,000 and $4,000, respectively. The timing is uncertain, and an actual achievement may be postponed, given predictions that the first rate cut may occur later this year. It is significant how the vibes are surrounding…

Bitcoin has seen a significant increase in value, climbing 16% month to date and is selling at over $43,000. This upward trend has been mostly related to favorable market sentiment fueled by a number of key factors, including the expectation of spot Bitcoin ETF approvals and considerable investments from major institutional players. Bitcoin’s recent strong performance has been fueled by high hopes for the SEC’s approval of spot Bitcoin exchange-traded funds (ETFs). Notably, BlackRock and Fidelity have positioned their Bitcoin ETFs as top performers in the US market, attracting significant inflows and increasing investor trust. Increased demand has fueled Bitcoin’s…

In a recent interview with The Shib Daily, Special, the moderator for both Discord and Telegram at Shibarium Tech, revealed how the organization is cautious about giving updates on its numerous initiatives. This comprehensive strategy aims to strike a balance between transparency and confidentiality in order to defend Shibarium’s integrity and competitive edge. One example is how they handle the integration of ShibaSwap into their platform. Special highlights the velocity with which information spreads in today’s digital world. He underlined the importance of knowing when and how to disseminate information because there is a delicate line between being timely and…

The Dutch court convicted Alexey Pertsev of money laundering and sentenced him to 64 months in prison. A three-judge bench issued the decision against the Tornado Cash constructor for money laundering, totaling $2.2 billion in illegal assets. The lawyers have a 14-day period to react. Pertsev is known to have already served 8 months; the time duration will be altered in accordance with the current sentence. This will set a precedent for privacy issues involving decentralized finance and open-source software used by users with financial privacy toolkits. Both sides debated in court, with one claiming Pertsev’s innocence and the other…

PEPE, the deflationary memecoin on Ethereum, has reached unprecedented heights in its journey. In the early hours of May 14th, PEPE set a new all-time high of $0.000011, a huge +37500% rise from its all-time low. Many investors have been optimistic about the token’s growth after the Bitcoin halving, with many analysts forecasting an all-time high for the frog token. PEPE is ranked 23rd on CoinMarketCap and has seen a 26% growth in value over the last two weeks, putting it as one of the top-performing memecoins for 2024. Pepe coin’s price has risen significantly, as has trading volume. PEPE’s…

Whales in the PEPE ecosystem are beginning to accumulate the drop, which is likely a predicted action, since the crypto market is poised to rise as BTC exits its consolidation stage. The domino effect indicates that altcoins are making moves on price charts. While the range is modest, there is a probability that an upward trend will emerge in the following 2-3 months. To clarify, that is only a possibility, with volatility being a factor that is highly likely to ruin the fun at any time. PEPE is aiming to surpass its ATH of $0.000009977, which it recently reached on…

Cardano is testing its prior resistance level. Any additional decline could force ADA to lose its position in the top ten cryptocurrency rankings around the globe. Cardano’s current market capitalization is $15.9 billion, up 1.77% as of the writing of this article. The 24-hour trade volume has increased by 45.11 percent. However, the focus is on the token value, which is still testing the $0.44 resistance level. As of press time, ADA was trading at $0.4464. This represents a 1.78% increase in the last 24 hours, but a decrease of 4.56% in the previous 7 days and 11.70% in the…

Bitcoin (BTC) is still far from its recent all-time high of over $74,000. However, there is a palpable sense of hope in the cryptocurrency industry. This is based on two technical indicators: the MVRV Z-Score and the Fear and Greed Index. The former has a rating of 1.87, whereas the latter has 71 points under the Greed category. If MVRV shows signs of a forthcoming upsurge, the FG Index suggests that now is a good time to buy more BTC tokens. MVRV Score is commonly regarded as a more accurate indication. Bitcoin peaked at 10.4 in December 2017 and 3.66…

Elon Musk, the world’s premier business magnate and investor, has always supported Dogecoin. He is currently on a unique mission to increase Dogecoin’s utility in his creative business projects. Tesla has begun accepting Dogecoin as payment for its merchandise, coinciding with Musk’s visit to the Berlin Gigafactory, where the concept originated. This announcement on the Tesla website caused a price increase for Dogecoin once crypto enthusiasts noticed the upgrade. Musk’s social media vehicle, Twitter, now rebranded as X, lays the groundwork for bitcoin use and widespread worldwide adoption. X is now obtaining payment licenses across the United States, and the…

Lucie, a Shiba Inu marketing executive, has highlighted the similarity between SHIB and BTC. She stressed both initiatives’ decentralized nature and the anonymity of their founders, Ryoshi for Shiba Inu and Satoshi Nakamoto for Bitcoin. At the heart of Lucie’s study is the concept of decentralization, a basic element of blockchain technology that seeks to disperse power and decision-making authority throughout a network of users, eliminating the need for centralized middlemen. Both SHIB and BTC exemplify this mentality, albeit in different ways, and Lucie’s research aims to elucidate the subtleties of their decentralized structures. Lucie, a Shiba Inu marketing executive,…

Ethereum’s price remained extremely volatile, with more losses falling below $3,050, just as Bitcoin ETH fell below $3,000. The decline occurred while it was at $2,936, and it is now just heading south. The Ethereum trade price has fallen to $3,050, as has the 100-day simple moving average. According to the ETH/USD hourly chart, it recently breached the barrier level and is now trading at $2,980. Immediate resistance is close to $3,000, which corresponds to a 23% fib recall point from last fall’s gain of $3,218. The downslide cost $2,936. The initial prime resistance is around $3,030, which corresponds to…

Shiba Inu (SHIB) has recently announced its IPO on the Nexo exchange. Shiba Inu, which debuted in 2020 as a meme coin, has now grown into a global community. Nexo also contacted X to officially confirm the listing. The debate discussed how Shiba Inu began as a dog meme before evolving into the Shib Army. SHIB’s strong community support fuels the project’s innovation and growth. Another key factor for Shiba Inu’s success is its ongoing evolution with projects. In 2021, SHIB launched ShibaSwap, a specialized DEX. The exchange creates an environment in which users can transfer tokens and yield farms…

According to the chairman of Cypher Capital, the community’s passion and support are critical to the success of any blockchain initiative. Despite a stormy and hard 2023, Shiba Inu is devoted to their vision of building an inclusive cryptocurrency ecosystem. The company is actively working on a new privacy-focused layer 3 blockchain while also developing its metaverse and layer 2 chain. Shiba Inu raised $12 million the previous month by selling the TREAT token, which serves as the governance token for its layer 3 blockchain. Bill Qian spoke eloquently about the future of meme coins, layer 3, and Shiba Inu’s…

As crypto regulators in the United States tighten their monitoring of the industry, crypto businesses and founders are looking for more hospitable conditions elsewhere to fuel their growth. Notably, global cryptocurrency enterprises and entrepreneurs are migrating to Hong Kong in search of opportunities and sanctuary. Members of the cryptocurrency sector are traveling abroad in quest of a more hospitable business climate in which to expand. Hong Kong, a well-known financial hub, is capitalizing on booming cryptocurrency rules, which will bring a slew of business owners, technocrats, and investors to the Chinese dreamland. The annual Web3 event in Hong Kong’s business…

Though Bitcoin is currently down to $63,000, there are speculations that it may soon recover significantly. The cause for the reduction is being linked to increased regulatory requirements. The price fluctuations persisted after RobinHood, a brokerage firm, announced that they had received a Wells Notice from the SEC, which is an early warning indication. BTC dropped by 1.5%. Ether (ETH), dogecoin (DOGE), Shiba Inu (SHIB), and Polygon’s MATIC all experienced price drops of 2-3%. In contrast, Solana (SOL) and Ripple (XRP) increased by 4-6%. The CoinDesk 20 Index (CD20) declined by 0.3%. Despite this, QCP Capital discovered a new criterion…