Browsing: Ethereum

According to a recent survey, Canadians are less excited about investing in cryptocurrencies than they were a year ago. They are also less inclined to believe that cryptocurrencies will play a big role in the economy going forward. November 29 marked the release of the ‘Crypto Assets Survey 2023’ by the Ontario Securities Commission (OSC), which was carried out in late May in partnership with Ipsos. 2,360 Canadians participated in the survey, which represented a proportionate cross-section of the nation in terms of gender, age, and geography. The results showed that the majority of people in Canada are sceptical of…

The Bank of England (BOE) has been recommended by a powerful commission in the UK Parliament to examine if a state-backed digital pound is indeed required, given the potential hazards to privacy and the banking system. The Treasury Committee recommended that the central bank act cautiously and take steps to reduce the dangers associated with “Bitcoin,” such as reducing the maximum quantity of digital pounds that individuals may possess. The panel, which included lawmakers from the major political parties in Parliament, came to the conclusion that it is unclear at this point if the advantages will likely outweigh the hazards.…

A brilliant newcomer named eTukTuk ($TUK) has entered the fray in the centre of the well-known industry titans of digital currencies, delivering a unique blend of Blockchain innovation and environmentally friendly mobility. The cryptocurrency community is now concentrating on the cutting edge of inventive innovation: the crypto presale of eTukTuk, a project that cleverly blends the power of the Blockchain with eco-friendly transportation. The focal point of this project is the $TUK token, which is valued at $0.025 at the moment because of the favourable feedback it has had from the cryptocurrency community. Surprisingly, the presale has already raised almost…

Trader attention will be focused on Chair Jerome Powell’s remarks on Friday, as markets continue to resist the Federal Reserve’s higher-for-longer message. This is the last chance the central bank will have to set expectations prior to their December meeting. Before making its announcement on December 14, the Fed will go into blackout on Saturday. Powell, who is scheduled to speak at Spelman College, will have a difficult time persuading the market that interest rates will remain high until 2024. This is a result of the ongoing decline in inflation. The consumer price index, which was issued earlier this month,…

According to ING Economics, the Federal Reserve is expected to lower interest rates six times in 2024. In reaction to the US economy’s slowdown, interest rates are projected to be lowered starting in the second quarter and going all the way through 2025. More interest rate reduction will be required than the market presently believes due to lowering inflation, a cooling labour market, and a worsening outlook for consumer spending, according to ING Economics. The senior international economist at ING Economics, James Knightley, projects that the Fed will begin reducing interest rates in the second quarter of 2019 and may…

There might be some respite for the unresponsive housing market soon. There are more properties available for purchase and the cost of purchasing a home is going down a little. According to a Redfin survey released on Thursday, new house listings saw their greatest year-over-year gain in November since summer 2021, and mortgage rates have dropped, lowering payments from their peak last month. According to Chen Zhao, the lead economist at Redfin, “mortgage rates are dropping due to easing inflation and investors betting the Fed will cut interest rates sooner than expected,” the announcement stated. “Declining rates, along with a…

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%…

For nearly a month, the US Dollar ($) and the Indian Rupee (₹) have been trading in familiar terrain. It spans from ₹81 to ₹84. Right now, one US dollar is worth ₹83.30 in Indian rupees. In early trade, the currency is said to have achieved some slight gains against its US counterpart. Entering the market quickly is likely to yield positive outcomes. Having said that, things might go either way, particularly in terms of how Indian forex brokers are anticipated to react to upcoming adjustments or variables that could have an impact on the country’s and the world’s economy.…

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…

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…

The government released its report on Wednesday, indicating that the US economy grew at an annual pace of 5.2% from July to September. Compared to the earlier forecast of a 4.9% annual rate, this is an improvement. The second estimate demonstrates that the economy expanded at its quickest rate in almost two years, rising sharply from its 2.1% rate in April to June. The economy’s primary driver, consumer expenditure, grew at an annual rate of 3.6% in the third quarter. This shows a strong economy even though it is a decrease from the earlier forecast of 4%. Along with increased…

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…

Recently, VeChain tweeted that it was mentioned in another scholarly work. The network was presented as a shining illustration of a blockchain application case. The network has released a research paper titled “A Framework for Blockchain and IoT Integration in Improving Food Security in the Food Supply Chain” and has made notable advancements in the fields of waste management and food security. Just being mentioned in the scholarly article has increased interest in VeChain and, by extension, its native token. The prediction of VET cryptocurrency prices has gained popularity among traders who want to earn from cryptocurrency trading. The scholarly…

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…

Forbes’ Under Forbes declared that this year will mark the debut of its ‘Under 30’ series of data on the Ethereum blockchain. According to Forbes, every category and person biography on the list will be documented on the blockchain, guaranteeing that the accomplishments and life stories of these remarkable people are kept alive forever. Twenty categories are included in the Forbes 30 Under 30 list: art, entertainment, e-commerce and retail, finance, and investing. 30 List Data will be released for the first time on the Ethereum Blockchain Jeremy Allaire, the CEO and co-founder of Circle, is one of the four…

HTX has declared that it is back online for withdrawals, although it is confined to a few different cryptocurrencies, such as LINA, HOT, FTT, MASK, and NEXO. The same capability will eventually be supported by additional tokens, and HTX has stated that it will announce these improvements to the public in the next few days. When criminal actors allegedly assaulted the cryptocurrency company and stole almost $30 million worth of assets, HTX’s decision to resume operations was critical. The company had said that services would be restored as soon as possible and that the problem had been fixed. Within a…

Token Unlocks data shows that tokens YGG, AGIX, DYDX, NYM, OP, ACA, 1INCH, and TORN will be unlocked once between November 27 and December 3. At 22:00 on November 27, Yield Guild Games token YGG will unlock 16.69 million tokens, or roughly $6.36 million, which represents 5.84% of the total supply in circulation. On November 28 at 08:00, 9.39 million tokens (or around $2.9 million) worth of SingularityNET token AGIX, or 0.76% of the total supply, will be unlocked. Token DYdX On November 28 at 23:00, DYDX will release 2.16 million tokens, or roughly $7.36 million, which represents 1.2% of…

According to a statement released by Kyber Network, a bot exploit resulted in the removal of about $5.7 million from KyberSwap liquidity pools on Polygon and Avalanche. After getting in touch with the bot owner, KyberSwap arranged for a 10% bounty in exchange for 90% of the user monies that were taken out and sent to the 0x8180 address. Through these trades, $4.67 million has thus far been refunded to the KyberSwap Deployer address on Polygon. The team will help law enforcement and cybersecurity organizations hunt down and retrieve user funds from attackers who are taking advantage of the vulnerability…

General Catalyst and Hetz Ventures led a $7.5 million seed fundraising round for the distributed computing platform Expanso. The new funding will be used to promote the development of Expanso’s open-source data processing platform, “Bacalhau,” and deploy more nodes to boost capacity for handling more data jobs, according to the company’s CEO, David Aronchick, a former employee of Protocol Lab. These responsibilities include handling application logs and distributing machine learning training for AI.

One of the top independent cryptocurrency data aggregators, CoinGecko, has announced that it has acquired Zash, a leader in NFT data infrastructure and analytics. By integrating Zash’s NFT data into its API, CoinGecko hopes to improve its cryptocurrency services and provide consumers with a more thorough understanding of both fungible and non-fungible tokens. As part of its mission to empower a decentralised future, CoinGecko is committed to providing dependable cryptocurrency data, and the acquisition of Zash will facilitate the smooth integration of fungible and NFT data. According to TM Lee, CEO and co-founder of CoinGecko, Zash is the best NFT…