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Florida Chief Financial Officer Jimmy Patronis has formally asked the state’s pension fund administrator to consider the feasibility of investing in Bitcoin, announcing that the state will use BTC as a strategic reserve asset. The company was positioned as having the potential to be adopted. In a letter dated October 29, 2024, to Florida State Board of Supervisors (SBA) Executive Director Chris Spencer, Patronis outlined his vision for integrating Bitcoin into the state’s investment portfolio. There is. Patronis’ proposal follows former President Donald Trump’s recent speech at the Bitcoin 2024 conference, where Trump advocated for the United States to establish…
advertisement Given that Solana (SOL) recently surpassed a high of $180 to hit a three-month high, the sky seems to be the limit for the fifth-largest cryptocurrency by market value. Steady network growth has been a major catalyst for Solana’s bullish momentum, with daily active addresses currently at an all-time high (ATH). The number of active daily addresses in the Solana blockchain is approaching the 10 million mark, and daily revenue recently reached a six-month high of $2 million, according to data from Token Terminal. . Source: Token Terminal According to DeFiLlama data, Solana’s network’s rapid growth has led to…
Important points PARAVOX has secured $4.5 million for expansion into the Solana blockchain. To celebrate the integration, a Solana-themed skin is available for free download. Share this article 3v3 arena shooter PARAVOX has announced that it will be bringing its game to the Solana blockchain. select @Solana Our home was an easy decision. This is the fastest network and is a perfect match for lightning-fast gameplay. To celebrate the Solana community, we’re releasing Solana-themed elite skins for a limited time. Download PARAVOX now and get it now!… pic.twitter.com/94n8vBoJdc — Paravox (@PARAVOX_game) October 30, 2024This announcement marks a major step for…
The U.S. Treasury reported that as digital assets continue to grow, stablecoin adoption and cryptocurrency volatility could increase demand for Treasury bills. The US Treasury acknowledged the boom in blockchain usage and cryptocurrency investment in its 2024 Q4 report. Stablecoins, tokens pegged to fiat currencies such as Tether (USDT) and Circles (USDC), have evolved into major players in this digital economy. According to the 17-page document, these “stable cash-like” tokens will provide crypto traders and investors with a less volatile currency. Treasury experts estimate that cryptocurrency-stablecoin pairs account for 80% of all digital asset transactions. Meanwhile, stablecoin issuers are gravitating…
In its latest report examining the impact of digital assets, the U.S. Treasury noted that “the growth of stablecoins has led to a modest increase in demand for short-term Treasury securities.” The 132-page report, published for the Treasury Department’s Borrowing Advisory Committee, discusses digital assets, focusing on major players such as Bitcoin and stablecoins. US Treasury: Stablecoins boost Treasury demand “The growth of stablecoins has led to a modest increase in demand for short-term government debt,” the U.S. Treasury said in its latest report on the impact of digital assets. The 132-page report published for the Borrowing Advisory Committee on…
Bitcoin (BTC) soared 9.7% from October 27th to October 29th, reaching a high of $73,575, before paring the gains and retesting the $71,500 level on October 30th. Despite Bitcoin’s price correction, several indicators, such as derivatives market activity and on-chain indicators, fell. , and demand for the stablecoin suggests a solid foundation for a sustained rally above $73,000 in the near term.However, Bitcoin futures premiums, a key measure of leverage demand, show strong confidence among bullish investors.Bitcoin 2 month futures premium. Source: laevitas.chIn neutral market conditions, monthly futures contracts typically carry a 5% to 10% annual premium to account for…
In a move that seems to reflect an increasingly greedy gaming industry trying to sell us things no one wants, Ubisoft has finally released the first-ever PvP blockchain RPG title, Champions Tactics: Grimoria. Chronicles launched in stealth – complete with playable characters – as-NFTs available for purchase through in-game currency or cryptocurrency, as discovered by IGN.What’s worth noting here is the pricing. The most expensive character at launch is Inquisitor Swift Zealot, which costs a whopping $63,372.19 in cryptocurrency. Other champions (2732 in total) are also available, with others priced in the tens of thousands of dollars ($25,100 for the…
20:05 ▪ 4 minutes read ▪ Written by Luc Jose A As the market recovers, Ripple’s cryptocurrency is unfortunately marked by significant stagnation. While the soaring prices of Bitcoin and other altcoins are fueling traders’ enthusiasm, XRP doesn’t seem to be able to keep up with the trend. Once the most promising cryptocurrency, it is now the worst performer among the top 10 on the market. XRP lags: worrying numbers In a market driven by bullish momentum, XRP has shown mixed results. Over the past few days, the cryptocurrency has registered a modest gain of 0.32% in 24 hours and…
The traditional financial industry is realizing that cryptocurrencies are more than just investable assets. In the EU, fintechs are the main competitors for crypto natives.Stripe is heating up cryptocurrencies.The payments giant’s $1.1 billion acquisition of stablecoin platform Bridge heralds the next stage in the evolution of cryptocurrencies, pitting native brands against fintechs, banks and asset managers.That’s according to Gillian Lynch, head of Ireland and EU at Cameron and Tyler Winklevoss’ crypto exchange Gemini, who claims the evolution is already evident in the European Union.”If you look at our competitors here in the EU, fintech is a huge competitor, but this…
=nil’s first public testnet. The Ethereum Layer 2 protocol using zero-knowledge sharding is currently live. =nil;The Foundation announced Testnet v1 on October 30th, noting that this release marks another milestone as the Ethereum (ETH) L2 protocol approaches mainnet. Testnet follows previous devnet releases of the platform that allow developers to stress test proof-of-concept projects. With the public release of =nil, zkRollup in Testnet v1 aims to gather valuable feedback from a broader user group. This release focuses on improving the development experience for user testing. By testing zkSharding, developers can now access an expanded ecosystem of decentralized applications. Testnet v1…