[ad_1] One low-cap altcoin surged by more than 27% this week amid its newly announced involvement in a central bank digital currency (CBDC) project. Coti (COTI) is a privacy-focused layer-2 network built on Ethereum (ETH). The project’s native asset is trading at $0.118 at time of writing, up from $0.0929 one week ago. Coti announced on Tuesday that it will take part in the Central Bank of Israel’s CBDC project alongside the payments giant PayPal and the digital asset operations firm Fireblocks. “CBDCs have been identified by COTI as a key use case for its privacy-centric upcoming infrastructure and we…
Author: dfrancis36
[ad_1] The Cardano network is on the brink of the Chang hard fork which will usher in the Voltaire era. The transition is enabled by the latest release of node validator software, version 9.1.0, which incorporates crucial updates essential for the hard fork. Charles Hoskinson, the founder of Cardano, declared via X, “This is it. End of the line, node 9.1 is Voltaire. Happy upgrading SPOs. Welcome to Chang.” Additionally, Intersect, a member-based organization within the ADA ecosystem that focuses on the blockchain’s continuity and future enhancements, confirmed the announcement, stating via X, “Node 9.1.0 is here! The final version…
[ad_1] The approval of Bitcoin ETFs by the US Securities and Exchange Commission (SEC) in January 2023 has opened the floodgates for significant institutional investment in the newly approved market. However, US states are also rushing to capitalize on the success of these ETFs by allocating a portion of their pension funds to reap profits and diversify their investments. Wisconsin, Jersey City, Michigan Allocate Millions To Bitcoin ETFs The first state to take the plunge was Wisconsin, which in May 2023 allocated approximately $98.6 million, or 2% of its pension fund, to BlackRock’s iShares Bitcoin Trust ETF. Now, two more states…
[ad_1] On Friday, Japan-based cryptocurrency exchange BitFlyer announced the completion of its acquisition of 100% of the outstanding shares of FTX Japan, making FTX Japan a wholly-owned subsidiary. The acquisition, finalized on July 26, 2024, comes after FTX Trading and related entities, including the Japan subsidiary, filed for Chapter 11 bankruptcy protection in the United States on November 11, 2022. Plans To Transform FTX Japan Into A Crypto Custody Giant As announced, following approval of the sale order by the US Bankruptcy Court on July 16, BitFlyer has successfully integrated FTX Japan into its operations, with significant changes on the…
[ad_1] Crypto analyst RLinda has revealed that XRP is showing impressive strength despite the decline in Bitcoin and Ethereum’s price. She explained why XRP suddenly has such a bullish outlook, considering that the crypto token has underperformed since the start of the year. XRP Is The “Strongest” In The Market RLinda mentioned in a post on TradingView that XRP is the strongest in the market. She noted that the crypto token has been holding quite well as traders and investors are again becoming bullish on XRP due to its “improving fundamental backdrop.” She alluded to the long-running legal battle between…
[ad_1] The imaginative gaming bot Catizen on Telegram has earned a solid $16 million from in-game purchases in the last few days. This game boasts a massive fan base and has a good impact by helping stray animals – cats, specifically. In addition to being very profitable, it also gives a percent of its profits to animal welfare groups. This combination of giving and fun is adding a whole new dimension for the gaming industry. One of the most often used games on the Telegram platform, Catizen is a virtual realm dedicated just to feline-themed adventures and has drawn an…
[ad_1] Today, the Render Network finalized its RENDER crypto AI token migration and upgrade. Following the highly anticipated rebrand, the AI token saw a positive price action, surging over 15% on the last day. Investors and market watchers expressed optimism about the rebranded token and consider it could hit $10 soon. Related Reading From RNDR To RENDER Last year, the Render Network Foundation changed from Ethereum (ETH), where it was initially launched, to Solana (SOL). The move followed a community vote that passed two major upgrades for the Network. According to the announcement, the Solana switch was “proposed for faster…
[ad_1] Many Mt. Gox creditors have finally been repaid their Bitcoin (BTC) after a decade of waiting. News reports have shown many creditors have been repaid through the US-based crypto exchange Kraken. As expected, the news of more BTC potentially flooding the market has led to concerns about its effects on the price of Bitcoin. Analysts and investors alike have expressed concerns that the influx of Bitcoin into the market could result in increased selling pressure, potentially driving down the price of the cryptocurrency. However, data reports have shown many of the repaid creditors are opting to hold their assets…
[ad_1] A widely followed crypto analyst says that Bitcoin (BTC) could have further upside after rebounding off a major support zone. In a new strategy session, crypto trader Rekt Capital tells his 483,300 followers on the social media platform X that the crypto king could shoot up past $71,000 over the Labor Day weekend. “Bitcoin successfully dipped into $65,000 and rebounded. Now let’s see if Bitcoin now rallies to $71,500. Bitcoin has an entire long weekend to do it.” Source: Rekt Capital/X According to the trader, since BTC held $65,000 as its support zone, it will continue to stay in…
[ad_1] The Chief Legal Officer (CLO) of Ripple Labs, Stuart Alderoty, has contributed $300,000 in XRP to Donald Trump’s presidential campaign. According to a CNBC report, the donation was made on June 11, 2024, and became public just yesterday. Notably, Alderoty recently attended a Trump fundraising event hosted by venture investor David Sacks in San Francisco. Potential Motives Behind The Ripple CLO’s Donation The transaction involved Alderoty sending 624,000 XRP to Trump’s campaign, which was subsequently converted to the stablecoin USDC, reflecting an exchange rate of approximately $0.48 per XRP. Thus, Trump does not hold any XRP anymore. However, the…