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(Bloomberg) — Tether Holdings sought to persuade Turkey to use digital assets to overhaul the country’s boron market, a move that would see the crypto industry’s linchpin turn to the commodity for further growth. This is the latest sign of the company’s use of the tea sector.Stablecoin issuer Tether has pitched to government officials a proposal to use blockchain technology to create digital tokens representing borate minerals, the people said, speaking on condition of anonymity to discuss private talks. I made it. Tether has also floated the idea of setting up a digital asset exchange in the financial capital Istanbul,…
Looking ahead to the crypto bull market expected in 2025, excitement is building over the potential price increases for various tokens. With predictions suggesting significant increases in Shiba Inu prices, Dogecoin prices, and WallitIQ (WLTQ), investors are looking to strategically position themselves ahead of the crypto bull market. WallitIQ (WLTQ): The future of decentralized wallets WallitIQ (WLTQ) is currently in the pre-sale phase, offering a great opportunity for early investors ahead of the rapidly approaching crypto bull market. This next-generation decentralized wallet is designed with cutting-edge technology that prioritizes security and ease of use, revolutionizing the cryptocurrency industry. With features…
Nasdaq futures soared on Thursday, leading the rally in U.S. stocks, as Tesla (TSLA)’s surprisingly strong earnings and lofty sales forecast raised hopes for a strong earnings season. Futures for the tech-heavy Nasdaq 100 Index (NQ=F) rose nearly 0.9%, while futures for the S&P 500 Index (ES=F) rose 0.5%. However, Dow Jones Industrial Average futures (YM=F) were slow to join the rally, falling 0.1%. Tesla Inc. started the Magnificent Seven’s fiscal year with its biggest quarterly profit in more than a year, sparking optimism and pushing the stock higher as it rebounds from Wednesday’s steep decline. Tesla stock rose more…
Denmark is considering a new tax regime for cryptocurrencies, including a tax on unrealized gains and losses, leading to some false reports that this decision has already been taken. Cryptocurrency news outlet AltcoinBuzz falsely reported that Denmark “made history by becoming the first country in the world to tax unrealized capital gains on cryptocurrencies.” Meanwhile, Coingape wrote that Denmark will “impose a 42% tax on unrealized capital gains on all crypto assets.” In fact, the Danish Tax Law Council has proposed three different taxation models in a document it has been working on since 2021. None of these tax proposals…
The cryptocurrency market is showing signs of recovery and several XRP competitors have emerged as strong competitors. These coins have shown impressive growth, making them an investment with the potential to turn $1 into $1000 by 2024. 4 XRP Competitors to Buy to Turn $1 into $1000 XRP price is stable at $0.52, while Bitcoin is hovering above $67,000 and Ethereum is above $2,500. Here are four XRP competitors to consider for your 2024 investment. Solana (SOL) Solana (SOL), an open source blockchain, is gaining momentum in decentralized finance (DeFi). Thanks to its support for decentralized applications (DApps), the latest…
DUBAI, United Arab Emirates , Oct. 24, 2024 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency market, becomes a stage sponsor at Blockchain Life 2024, one of the industry’s leading events in Dubai and proudly participated as a Gold Sponsor. The event brought together a diverse group of enthusiasts, professionals, investors, and traders to delve into the ever-evolving world of blockchain and cryptocurrencies. Image_5002362_27118193 Alicia, Managing Director of KuCoin, highlighted the knowledge gaps currently facing the industry in her keynote on “Shaping Cryptocurrency Minds with KuCoin: Education Creates Mastery.” KuCoin is actively addressing these through various educational initiatives. In…
Cover image (from U.Today) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. The founder and CEO of on-chain data aggregator CryptoQuant says he believes Satoshi Nakamoto’s original vision for Bitcoin…
(Bloomberg) — Stocks were on an upward trajectory this week on the back of unexpectedly strong results in Europe and Tesla Inc.’s strong performance. Most Read Articles on Bloomberg Nasdaq 100 futures rose 0.8% after Tesla posted its first quarterly profit in a year, sending the stock soaring 11% in premarket trading. Europe’s Stoxx 600 index rose 0.5%, supported by strong results from Barclays, Unilever and Hermès. This week, US Treasuries rose every day and the dollar fell. The rally marks a resumption of the rally that took the S&P 500 index to its 47th all-time high last week. Traders…
The recent launch of First Ledger is reported to be the highest number of new tokens issued in a single day on the XRP Ledger (XRPL) at 213, dwarfing the previous record set in October 2021. 1,564 new tokens have been created so far in the last eight days, but only four of them have exceeded the $1 million market cap. The XRP Ledger (XRPL) hit a historic milestone on October 17 by issuing 213 new tokens in one day, according to data from analytics platform Santiment. To put this achievement into perspective, this recorded figure is almost triple the…
Litecoin recently recorded its highest weekly trading volume since May 2023, according to on-chain data. Here’s what this means for asset prices. Litecoin trading volume has been increasing recently. In a new post on X, Litecoin Foundation Marketing Director Jay Mila noted that the LTC network has experienced significant trading volume over the past week. “Transaction volume” here refers to an on-chain metric that tracks the total amount of Litecoin involved in transactions on the network each day. A high value of this metric means that users are moving a lot on the blockchain. This trend means that there is…