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Tether, which operates the world’s largest stablecoin by market capitalization, has reportedly proposed to the Turkish government the creation of a token representing borate minerals.Tether has asked Turkey to consider implementing blockchain technology to create boron-backed digital tokens, Bloomberg reported on October 24.A Turkish official said Tether’s boron proposal was not currently viable, but another official at the country’s Energy Ministry reportedly insisted that negotiations with Tether were at an early stage.The report also suggested that Tether has floated the idea of setting up a digital asset exchange in Istanbul.Turkey holds more than 70% of the world’s boron supplyBorate minerals…
Sponsored post* Current market sentiment is bearish, with Litecoin (LTC) rising significantly. As investor confidence grows, significant opportunities are emerging from crypto insiders across cryptocurrencies. This increased interest has been observed not only in established players such as Litecoin and FET, but also in emerging projects such as RollBlock (RBLK). In this kind of volatile market, smart investors are looking to make the most of the rally and take a slice of the crypto market profits with these altcoins. Litecoin (LTC) is in a mini bull market Canary Capital has filed registration documents for its SpotlightCoin exchange-traded fund (ETF) with…
Ripple CEO Brad Garlinghouse believes the XRP ETF (exchange traded fund) will soon be launched in the US. This financial product will allow investors to access Ripple’s XRP tokens without purchasing them directly. Meanwhile, XRP continues to face legal challenges, with the lawsuit potentially extending until July 2025. It’s only a matter of time before an XRP ETF is born Garlinghouse said in an interview with Bloomberg that XRP could be the next financial product to offer institutional investors exposure to cryptocurrencies in the United States through ETFs. He said the product’s arrival was inevitable and it was only a…
BANGKOK (AP) – Stocks fell in Asian markets on Thursday as a long record rally lost further momentum after a third straight day of declines on Wall Street. Oil prices rose almost $1, and U.S. futures were mixed. Japan’s benchmark Nikkei stock average rose sharply early, ending 0.1% higher at 38,143.29, as the Purchasing Managers Index showed deteriorating conditions in both Japan’s manufacturing and services industries. The comprehensive PMI compiled by au Jibun Bank was the lowest in two years. “Japan’s private sector entered contractionary territory early in the fourth quarter of this year,” Osama Bhatti, an economist at S&P…
Once dominating the meme coin scene, the familiar and popular coin now faces stiff competition. Investors looking for big returns are turning their attention to new candidates with the potential to deliver impressive returns. The cryptocurrency market is buzzing with speculation about an emerging token that could redefine success in the space. XYZVerse stands out by connecting sports enthusiasts through a pioneering meme coin, targeting massive growth, and fostering an engaging community-driven ecosystem. Dominate the field with XYZ: the next meme coin champion! The game is on and XYZ is leading the way in the meme coin arena! This sensational…
Ethereum FUD shows no signs of slowing down, even though the price of the underlying asset is still falling. ETH has plunged more than 5% in the past 24 hours, falling from an intraday high of just over $2,600 to a low of $2,460. Although it has recovered slightly to trade at $2,550 at the time of writing, it remains depressed, having fallen more than 7% from its October high of $2,760 on Monday. Additionally, the ETH/BTC ratio continued to decline, dropping to 0.0375 on October 23, the lowest level since April 2021, according to Tradingview. ITC Crypto founder Benjamin…
A crypto-focused political action committee (PAC) called FairShake plans to invest more than $40 million in the remaining weeks of the 2024 US election. This comes after the PAC has already spent $140 million on multiple congressional races across the country. Major industry players such as Coinbase Global Inc. and Ripple Labs are funding Fairshake. Fairshake’s bipartisan approach influences the pro-crypto narrative Bloomberg reports that PACs are prepared to pump more money into both parties as election week approaches. FairShake has successfully wooed several anti-cryptocurrency candidates in polls in recent months. One notable target was Ohio Democratic Sen. Sherrod Brown,…
Want to know who will win the US presidential election? Look at the stock market. Of course, there’s no crystal ball to predict who will win on November 5th. Reliable polls show Vice President Kamala Harris and former President Donald Trump in a close race in what many observers say could be the closest race in decades. Still, the performance of U.S. stocks has an impressive track record of predicting the outcome of presidential elections. The S&P 500 index, which tracks the performance of the 500 largest U.S. publicly traded companies since 1928, has shown a winner in 20 out…
Dogecoin’s price is gearing up for a possible further rally, with one analyst saying the memecoin “looks poised” for a staggering 5,200% rally. This bullish prediction comes as market enthusiasts are keeping an eye on DOGE’s next move after it soared 45% in 10 days. DOGE price today is $0.1394, up 1.4% in the past 24 hours. The price increase could be affected by Bitcoin’s volatility as Bitcoin assets suddenly rose above $67,000. Dogecoin price increases by 5,200% One crypto analyst predicted that the price of DOGE will skyrocket by 5,202% during the upcoming bull market. He studied the past…
Solana (SOL), a Layer 1 competitor to Ethereum, is making waves with its rapid surge in daily revenue on the platform. As a result, the SOL price has increased by 5.62% to $174 and market cap of $82 billion at the time of writing. Additionally, the SOL blockchain has also emerged as a preferred destination for the launch of AI meme coins. Solana beats Ethereum with daily fees According to the latest data from IntoTheBlock, the Solana network’s daily fees are over $4.1 million, which is currently higher than Ethereum’s daily fees. Provided by: Into the Block The main reason…