[ad_1] Some of the leading crypto firms have formally formed an alliance aiming to encourage digital asset users worldwide to adopt stablecoin. Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish, Nuvei, and Paxos joined forces to launch a new stablecoin known as the USDG, or the Global Dollar Network., helping the integration of stablecoin in everyday financial transactions. A New Stablecoin Network The partnership between Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish, Nuvei, and Paxos gave birth to the open network named the Global Dollar Network. According to their joint statement, the new network was created to accelerate stablecoin’s worldwide usage.…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. Ethereum analysts are keeping a close look at the altcoin, which is stuck in a long downtrend. Some call for major upward breakout and others keep a cautious stance, warning to expect this downtrend will continue. Ali Martinez, a crypto analyst, is optimistic about the coin’s price trajectory, stating Ether would hit $10,000 in the coming bull run. Related Reading Martinez, whose research often links ETH with more general market movements, has compared Ethereum’s rise with that of the S&P 500, suggesting that a similar breakout might be just ahead. Nevertheless, not…
[ad_1] Este artículo también está disponible en español. The Bitcoin price hit a new all-time high (ATH) as it surged past $73,700 and rose to as high as $75,000 on November 6. Following this development, crypto analyst Tony Severino has revealed what to expect next from the flagship crypto. Bitcoin Price Ready For “Fireworks” After New ATH In an X post, Tony Severino indicated that the Bitcoin price is ready to experience a parabolic rally, as he told market participants to expect fireworks above $75,000. The crypto analyst also revealed that Bitcoin was approaching the 2-week upper Bollinger Band while…
[ad_1] On-chain data shows the Bitcoin Difficulty has seen a third-consecutive increase in the latest network adjustment. Here’s what this means for BTC. Bitcoin Difficulty Has Just Set A New All-Time High According to data from CoinWarz, the BTC Difficulty has seen a positive change during the latest network adjustment. The “Difficulty” here is a metric that tracks how hard the Bitcoin miners would find it to mine on the network. This indicator’s value refreshes every couple of weeks without human involvement; the code Satoshi wrote automatically makes the adjustments. The latest such adjustment occurred during the past day and…
[ad_1] Este artículo también está disponible en español. Shiba Inu (SHIB), the second-largest memecoin by market capitalization, has seen an 8% daily surge following Bitcoin’s surge to $70,000. Amid the market volatility, the token is trying to recover a key resistance level, which could propel the price to a 110% rally. Related Reading Shiba Inu To See 110% Surge Soon Shiba Inu’s recent performance saw the cryptocurrency display red numbers in several timeframes. Following the market’s most recent pullback, SHIB retraced 13% to its lowest weekly mark of $0.00001632, registered on November 3. However, the token has bounced 12% from…
[ad_1] FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and…
[ad_1] Transfer volume on the Solana blockchain exploded recently and surged to multiple times higher than the total SOL market cap, according to the crypto analytics firm Glassnode. Glassnode notes that SOL clocked $224 billion worth of transfer volume in a single day, nearly 3x of the asset’s market cap, which sits around $78 billion at time of writing. Explains the firm, “This surge was driven by a high-activity wallet using multiple accounts. This wallet, likely an arbitrage bot, ramped up activity in early October and was likely responsible for the recent fee increases many were discussing.” Source: Glassnode/X SOL…
[ad_1] Este artículo también está disponible en español. Bitcoin (BTC) whales appear to be offloading some of their holdings ahead of the closely contested 2024 US presidential election. 2% Fall In BTC Held By Whale Addresses In a post on X, crypto analyst Ali Martinez shared that Bitcoin whales – wallet addresses holding a significant amount of BTC – are “dialing back exposure” ahead of what is likely to be a very closely contested US presidential election. Related Reading According to the analyst, there has been a 2% decrease in the number of wallet addresses holding 1,000 or more BTC. …
[ad_1] Shiba Inu (SHIB), the popular memecoin, is back in the news after a crypto expert issued a bold projection predicting a tenfold growth in its market capitalization. Zach Humphries outlined certain hopeful variables that might propel SHIB to a market capitalization of $100 billion, bringing its price to $0.000171—a whopping 890% increase over present levels. Humphries, who has built a reputation for his memecoin market observations, feels SHIB’s surge is a real possibility, despite its present low price. In his most recent research, Humphries focuses on the factors that he believes are SHIB’s most fundamental assets. Among these are…
[ad_1] On Monday, spot Bitcoin exchange-traded funds (ETFs) registered their second-largest single-day net outflow since their launch in January. The crypto-based investment products saw their second consecutive red day before the US elections, ending a seven-day positive streak. Bitcoin ETFs Record Massive Outflow Day US-listed spot Bitcoin (BTC) ETFs started the month negatively after recording two days of outflows. The investment products performed remarkably for most of October, seeing four consecutive green weeks and surpassing the $2 billion mark twice. Last week, Bitcoin ETF recorded $2.2 billion in inflows, leading the crypto investment products’ positive performance for the fourth week…