[ad_1] Bitcoin is undergoing a fascinating evolution, with various perspectives on its nature. Some view it as a currency for everyday transactions, others as a modern equivalent of gold for storing value, and yet others as a decentralized global platform for securing and validating off-chain transactions. While these views all hold some truth, Bitcoin is increasingly establishing itself as a digital base money.Functioning akin to physical gold as a bearer asset, inflation hedge, and providing currency denominations like the dollar, Bitcoin is reshaping the concept of monetary base assets. Its transparent algorithm and fixed supply of 21 million units ensure…
Author: dfrancis36
[ad_1] Certain on-chain indicators paint a bullish picture for Solana (SOL), suggesting this may be an excellent time to purchase the crypto token. This aligns with Solana’s price movement on the chart, with technical analysts predicting that an upward trend might be on the horizon. Solana Enjoying Greater Adoption Data from the market Intelligence platform IntoTheBlock shows that the number of daily addresses on the Solana network has been growing at an impressive rate. On June 11, over 1 million new addresses transacted on the Solana network. This development is significant as SOL could enjoy future price surges as more…
[ad_1] Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Builders of new payment frameworks on the continent will share their insights on shaping “cowrie shell” systems for the digital age. MODERATOR: Hwalani Mabaso , Country Director | Women in Tech South Africa Provincial General Manager | Absa SPEAKERS: Nthabiseng Sibanda, Regional Head: Payments, Africa…
[ad_1] MicroStrategy, led by CEO Michael Saylor, announced it will raise $500 million through a private offering of convertible senior notes. The proceeds will fund additional purchases, furthering its corporate Bitcoin accumulation strategy.BREAKING: 🇺🇸 MICROSTRATEGY TO RAISE $500 MILLION IN STOCK SALE TO BUY MORE #BITCOIN pic.twitter.com/ALsb7znGEZ— Bitcoin Magazine (@BitcoinMagazine) June 13, 2024 MicroStrategy is already the largest public company holder of Bitcoin, with over 214,400 BTC worth $15 billion on its balance sheet. Starting in 2020, under Saylor’s direction, it adopted Bitcoin as its primary reserve asset.It’s average purchase price per Bitcoin remains around $35,000. With Bitcoin trading near…
[ad_1] The beloved Dogecoin, the Shiba Inu-faced cryptocurrency that started as a joke, is facing a ruff time. A recent $16 million sell-off by a large holder, likely a “whale” investor, has sent shockwaves through the DOGE community, raising questions about the meme coin’s long-term viability. Related Reading Mags Charts A Worrying Course Crypto analyst Mags has emerged as the harbinger of doom for DOGE. Using a self-developed charting method, Mags identifies distinct phases in Dogecoin’s historical price movements. Phase 3, according to Mags, paints a particularly bleak picture, suggesting a potential plummet to zero. Bluntly, the analyst says the…
[ad_1] Ethereum Layer 2 (L2) solutions are currently experiencing a significant surge in the deployment of Uniswap V2 pools, marking a notable development in the Decentralized Finance (DeFi) ecosystem. Uniswap V2 pools give users the ability to swap between ERC-20 tokens directly, and this token pool is called the Liquidity Pool. The recent wave of new pools is changing the game by lowering transaction costs and improving scalability, two issues that have plagued the Ethereum mainnet for a long time. Ethereum Layer 2 Adoption Surges Popular market expert and crypto enthusiast, YG Crypto reported the development on the X (formerly…
[ad_1] A popular crypto analyst and trader says that one Ethereum (ETH) rival is facing a decisive moment. Pseudonymous crypto strategist Credible Crypto tells his 396,500 followers on the social media platform X that if Solana (SOL) fails to hold $140 as support it could plummet. “SOL: this is the last thing stopping us from a meltdown to the range lows at $115. Because this is the most likely region to see some relief. I’m fully out of shorts here and waiting to see what kind of reaction we get. The good news is that both SOL and DOGE have…
[ad_1] The winds of change are blowing in the Bitcoin market, bringing a fresh wave of short-term traders while veteran holders remain steadfast in their convictions. A recent report by Bitfinex Alpha reveals a fascinating dichotomy in investor behavior, with new players chasing quick profits and seasoned hodlers (hold on for dear life) accumulating for the long haul. Related Reading Figure 1. Spot Bitcoin ETF flows across various providers in the US. (Source: Farside UK) Short-Term Surge Fueled By ETF Frenzy Spot Bitcoin ETFs, financial instruments that mirror Bitcoin’s price, have emerged as a game-changer. These easily accessible options are…
[ad_1] On the ground for XRP Ledger Apex 2024, we caught up with Jazzi Cooper, Lead Product Manager at Ripple X and a major driving force behind its ambitious mission. In an exclusive interview, Jazzi shared insights into Ripple X’s role in reshaping the financial landscape and paving the way for a future powered by blockchain technology.XRP Ledger Apex 2024Why Traditional Finance Needs a Disruption”Traditional finance rails today, as we know, are insufficient. Payments take multiple days if not weeks (…) and settlement is slow,” Jazzi remarked, setting the stage for a discussion on the urgent need for disruptive solutions…
[ad_1] In a move that has left both traditional and crypto markets in disarray, the Federal Open Market Committee (FOMC) held its fourth policy meeting of the year on June 12 and decided to keep interest rates steady at their current range of 5.25% to 5.5%. Bitcoin, Ether Shaken This unexpected steadiness triggered a sharp reaction in the crypto world, with Bitcoin’s price plummeting from $70,000 to $66,000 and Ethereum experiencing a similar downturn. The FOMC’s reluctance to cut rates, despite previous indications of multiple reductions, has amplified volatility, leading to nearly $400 million in liquidations and shaking investor confidence…