[ad_1] As of Q3 2024, CryptoRank stated that 3 million addresses were active every day on NEAR Protocol, making it a major player in the blockchain world. This huge number is higher than both Tron (2 million daily active addresses) and Solana (2.4 million daily active addresses) during the same time period. The growth of NEAR is in line with a larger trend in the AI cryptocurrency market. This shows that blockchain and AI are becoming more and more intertwined. This point of contact is driving more and more technological progress and user engagement across these channels. Surge In The…
Author: dfrancis36
[ad_1] Bybit, a cryptocurrency exchange, has confirmed its pursuit of regulatory licensing in Austria. This move aligns with its efforts to expand into key markets while adhering to local compliance requirements.Meanwhile, Kazakhstan has granted Bybit a full license from the Astana Financial Service Authority, enabling the cryptocurrency exchange to offer trading, custody, and investment management services. Bybit Awaits Austrian ApprovalThe company plans to begin operations once it secures approval from Austrian authorities. This step will ensure that the exchange operates within the country’s regulatory framework.At present, Bybit is not licensed in Austria. As a result, it does not offer services…
[ad_1] Murad Mahmudov is back igniting our X timelines, but you may have noticed these days the “former” Bitcoin maximalist isn’t posting much about Bitcoin. For the uninitiated, Murad is a Bitcoin maximalist, albeit one who has run the ire of the culture for taboo ideas: see his 2021-2022 embrace of wrapped Bitcoin assets on other blockchains, and most recently, his incessant writing about a “memecoin supercycle.” It’s a far cry from his posts circa 2018, when could be seen on “The Pomp Podcast,” saying things like “Bitcoin is the soundest hardest currency that has ever been invented in history.”So,…
[ad_1] A widely followed crypto analyst believes that digital assets are in the “first stage” of a bull market. Crypto trader Michaël van de Poppe tells his 729,100 followers on the social media platform X that two trends are indicating a digital asset market with more upside potential. “The first stage of the bull is recognized by two different things: People are stuck in the bear market mindset. The price action is weak and slow. That’s the current stage. Prices are crawling upwards, but not as much. What does it mean? Buy the dip and hold on altcoins.” Next up,…
[ad_1] Este artículo también está disponible en español. Levi Rietveld, a popular crypto analyst with 122,000 followers on X, has released a new video detailing how XRP could potentially surge to $60 overnight by capturing a fraction of SWIFT’s transaction volume. “XRP will hit $60 overnight with this SWIFT news! Here’s the math!!” he teased via X. How XRP Could Skyrocket To $60 Overnight In his analysis, Rietveld delves into the mechanics of SWIFT, the global financial messaging network that processes a significant portion of international payments. He highlights that SWIFT handles approximately $7 trillion per day, amounting to about…
[ad_1] Software developer Peter Todd has emphatically stated that he is not Satoshi Nakamoto, the enigmatic figure behind Bitcoin, in a recent interview with Bloomberg. This assertion comes in response to the HBO documentary Money Electric: The Bitcoin Mystery, which suggests Todd may be linked to Nakamoto through circumstantial evidence. Peter Todd Responds To HBO Documentary Claims In an email to Bloomberg on Wednesday, Todd clarified, “I am not Satoshi,” directly addressing the film’s implications. The documentary, directed by Cullen Hoback, suggests that Nakamoto may have inadvertently used Todd’s Internet message board account to continue discussions started under the Nakamoto…
[ad_1] Este artículo también está disponible en español. Solana is once again in the headlines, this time for having a major surge in development activity, keeping it ahead of its competition with Arbitrum and Avalanche. Related Reading According to Santiment, the development activity regarding Solana has increased by 10.7% just within the last week, and the signal is clear that developers and projects alike are interested in this space. 🧑💻 Looking at full crypto ecosystem development activity provides nice long-term roadmaps as to which are innovating and gaining on the ultra-competitive competition that this sector provides. As of the first…
[ad_1] Ethiopia is gradually becoming a Bitcoin mining center, thanks to its huge hydroelectric supplies and low electricity prices. Local miners are currently consuming approximately 600 megawatts (MW) of power, with further capacity expected to come online soon. With this rise in activity, Ethiopia has emerged as one of Africa’s main cryptocurrency mining destinations. A Strategic Move Ethiopia’s government has taken deliberate steps to create an environment conducive to Bitcoin mining. In recent months, it has struck deals to improve its digital infrastructure, including a $250 million partnership with West Data Group to create data mining and artificial intelligence capabilities.…
[ad_1] Este artículo también está disponible en español. The stagnation of the Bitcoin price despite the first rate cut by the US Federal Reserve since 2020 has perplexed many investors and traders within the market. In a new post on X, Andrew Kang, CEO of Mechanism Capital addressed the disproportionate emphasis that market participants have placed on Federal Reserve rate cuts and economic stimulus in China. Why Is Bitcoin Stagnating? Kang challenges the prevalent market belief that interest rate cuts by the Federal Reserve will significantly boost Bitcoin and crypto prices. “Fed rates are only one of the factors that…
[ad_1] The Taiwanese financial watchdog is reportedly considering trialing institutional crypto custody services, with local banks being evaluated for a pilot program. Taiwan Looking To Integrate Crypto Assets Into Economy Taiwan’s financial regulator, the Financial Supervisory Commission (FSC) is reportedly encouraging local banks to pilot digital asset custody services. In Q1 2025, the regulator plans to collect applications from interested financial institutions eager to trial digital asset custody services. Three banks have already expressed interest in participating in the pilot project. Sources close to the matter suggest that financial institutions wishing to participate in the trial will be required to…