[ad_1] The firm behind the largest stablecoin by market cap is announcing the achievement of a significant regulatory milestone. In a new announcement, Tether says USDT has become an Accepted Virtual Asset (AVA), as recognized by the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA). Says Tether CEO Paolo Ardoino of the achievement, “This milestone underscores Tether’s commitment to fostering global financial inclusion and innovation. By bringing USDT to the forefront of ADGM’s regulated virtual asset framework, we are not only validating the importance of stablecoins as critical tools for modern finance but also opening new doors for…
Author: dfrancis36
[ad_1] The market intelligence platform IntoTheBlock has explained why Litecoin (LTC) isn’t an asset to be overlooked based on its on-chain metrics. Litecoin Has Continued To Witness Significant Activity Recently In a new post on X, IntoTheBlock has discussed what the various key on-chain indicators have been like for the Litecoin network recently. Below is the infographic shared by the analytics firm. According to the data, there are currently around 370,000 daily active addresses on the Litecoin blockchain. An address is said to be ‘active’ when it participates in some kind of transaction activity on the network, whether as a receiver or…
[ad_1] Eric Trump, Executive Vice President of the Trump Organization and son of United States President-elect Donald Trump, recently shared his perspective on Bitcoin during an exclusive backstage interview with Frank Corva, Business-to-Business Correspondent for Bitcoin Magazine, at the Bitcoin MENA 2024 Conference. Trump highlighted Bitcoin’s transformative potential, comparing it to real estate, the cornerstone of his family’s business, while emphasizing its unique advantages as a hedge for traditional investors.JUST IN: 🇺🇸 Eric Trump explains why #Bitcoin is a better investment than real estate. pic.twitter.com/YRUJhIhSNT— Bitcoin Magazine (@BitcoinMagazine) December 10, 2024 From Real Estate to BitcoinAs a self-proclaimed “bricks-and-mortar guy,”…
[ad_1] Blockchain tracking firm Lookonchain says one savvy crypto trader gained a 2,433,233% profit on a Dogecoin (DOGE) and Shiba Inu (SHIB) rival. According to Lookonchain, one anonymous trader turned $3,000 into a whopping $73,000,000 in just 20 months by purchasing memecoin Pepe (PEPE). “Turning $3,000 into $73 million, a 24,656x return, what a legend! Before the market plummeted, PEPE broke through $0.000028, setting a new all-time high! This legendary trader sold another 100B PEPE ($2.8 million) for profit. This trader invested ~$3,000 to buy 4.91 trillion PEPE on April 15th, 2023. Over time, he steadily sold PEPE, cashing out…
[ad_1] Key Takeaways:Revolutionary Performance Upgrade: Grevm 1.0 significantly enhances scalability and performance by leveraging Rust’s programming advantages and parallel architecture.Strategic Ecosystem Investment: A $50 million fund aims to boost developer engagement and attract high-quality projects to Gravity.Decentralized Vision and Challenges: While Gravity promises seamless multi-chain integration, overcoming intense competition and ensuring security remain critical challenges.Introducing Galxe and Gravity: An All-in-One Web3 ToolGalxe is the world-leading Web3 identity and rewards platform that has always struck the community with its unimaginable non-stop innovation and expansion. Focusing on the creation of user-centric experiences, Galxe goes all out to effectively reward participation in blockchain…
[ad_1] The blockchain landscape is on the cusp of a significant shift as a revolutionary AI-driven multichain token emerges. This new entrant promises to challenge established networks and may alter the dynamics of the crypto space. Industry observers are keen to see how this development will influence the future of decentralized technologies. CYBRO to List Ahead of Schedule Following 450% Surge and $7 Million Presale CYBRO, the AI-driven multichain platform, is accelerating its timeline for listing on major exchanges after a standout presale performance. The platform raised $7 million and drew nearly 20,000 investors, positioning itself as a frontrunner in…
[ad_1] A closely followed crypto strategist believes payments altcoin XRP is primed to witness much higher prices after breaking out from a nearly seven-year holding pattern. Analyst Ali Martinez tells his 96,200 followers on the social media platform X that he thinks XRP could print gains of at least 245% from current prices before the bull market cycle expires. Relying on Fibonacci extension levels, which traders use to spot potential exit points, Martinez says XRP could climb a lot higher after shattering a diagonal resistance that has kept the market bearish since January 2018. “To some, XRP looks overbought! To…
[ad_1] Este artículo también está disponible en español. Following an earlier prediction of the Bitcoin flash crash to $94,000, a crypto analyst has set a new target for the pioneer cryptocurrency. The analyst anticipates another major decline in the Bitcoin price before it hits a new all-time high. $130,000 Target In Sight After Bitcoin Flash Crash The broader crypto market has undergone a significant correction sparked by the recent Bitcoin flash crash. In the past week, the price of Bitcoin lost $3,000 in less than 30 minutes, dropping from $97,000 to $94,000 before quickly rebounding back above $97,000. This unexpected…
[ad_1] A Russian lawmaker recently called on the Russian Finance Minister to explore the feasibility of creating a strategic Bitcoin reserve. This idea aims to provide an alternative financial safeguard amidst the growing pressures of international sanctions, inflation, and currency volatility.Economic SecurityRussia’s financial system has faced increasing stress, particularly in the wake of Western sanctions that have limited access to global payment systems. In response, Anton Tkachev, a deputy from the New People party, suggested that the country might benefit from a reserve of Bitcoin, which he believes could serve as a reliable store of value, unaffected by geopolitical disruptions,…
[ad_1] Since breaking it last week, Bitcoin is grappling with the $100,000 milestone, struggling to stay above this critical level. Despite the price facing resistance, Bitcoin continues to show strength, signaling potential for further upward momentum in the near term. Investors and analysts are watching closely as the market seeks confirmation of its next move. Data from CryptoQuant highlights an intriguing trend: new investors are stepping in with force. The realized capitalization of coins held by newcomers (those holding for up to one month) has surpassed $343 billion, marking an astounding 909% increase since the start of this bull cycle.…