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Are you tracking how blockchain is impacting the entertainment and media sector and want to add to your knowledge? Then you’ve arrived at the right place. Here, we provide a detailed look at what’s happening in this space, based on research and opinions from various industry players. For example, just recently, Market Research Future valued blockchain in the media and entertainment industry at $385.6 million and predicted it to reach $11,766.5 million within the next few years. Nowadays, there are not only movies and TV shows that feature blockchain technology. That’s not all. Filmmakers are turning to technology to finance…

Dogecoin price could face significant selling pressure after whales transferred billions of DOGE coins to Robinhood cryptocurrency exchange. The move follows Memecoin’s recent price surge, making it one of the top-performing stocks in the crypto market. Dogecoin price may fall after $1.74 billion DOGE transfer Dogecoin price may fall after a whale transferred 1.74 billion DOGE ($278 million) to Robinhood. Whale executed these transfers in six separate transactions, and on-chain data shows that Dogecoin investors transferred 290 million DOGE coins in each transaction. DOGE’s transfer to top crypto exchanges is significant considering the amount and the significant selling pressure it…

NEW YORK (AP) — U.S. stock indexes edged higher Wednesday after Google’s parent company reported strong profits, but declines in stocks such as Eli Lilly and others are keeping Wall Street in check.After bouncing between modest gains and losses, the S&P 500 rose 0.3% in intraday trading, near its all-time high set earlier this month. The Dow Jones Industrial Average was up 197 points, or 0.5%, as of noon ET, and the Nasdaq Composite Index added 0.2% to its previous record set the day before.Alphabet rose 5.5% after its latest quarter’s profit beat analysts’ expectations, thanks largely to results from…

Brazil’s cryptocurrency market is the 10th largest in the world, driven by the growing use of stablecoins. Brazil’s net imports of crypto assets surged more than 60% in the first nine months of 2024 compared to the same period last year, according to the country’s central bank. Total imports reached $12.9 billion by September, already exceeding the $11.7 billion recorded for all of 2023. Fernando Rocha, head of the central bank’s statistics department, emphasized that although there was a slight month-on-month decline from August to September, the year-on-year comparison was as follows: Annual growth continues to be strong. Demand for…

CHICAGO, Oct. 30, 2024 (Globe Newswire) — Felix, a chat-based platform that combines stablecoins and AI to make sending money as easy as sending a WhatsApp, We have partnered with Zero Hash, a coin infrastructure platform. Leveraging Zero Hash’s infrastructure, which seamlessly connects fiat currencies, cryptocurrencies, and stablecoins, and provides extensive regulatory coverage (across 52 U.S. jurisdictions), Felix currently has 6,000 U.S.-based We provide simplified cross-border payment solutions to more than 10,000 Latin Americans, who collectively transfer $150 billion. Their family every year. In just two years, Felix has increased payment volume over 500 times and helped hundreds of thousands…

Bitcoin has soared more than 8% this week and is just a few dollars away from Tuesday’s all-time high. The original cryptocurrency pared its gains to above $73,000 on Wednesday as the crypto industry priced in a victory for Republican presidential candidate Donald Trump. Crypto bulls predict that Bitcoin will hit a new all-time high previously recorded in March in the days leading up to the election. Bitcoin price rose over $2,000 within a few hours, then fell slightly and continues to fluctuate between $71,000 and $73,000. The currency rose 12% through the “Uptober,” the nickname for Bitcoin’s historically favorable…

Felix, a WhatsApp-based platform focused on cross-border payments, has partnered with Zero Hash to simplify money transfers for 60 million U.S.-based Latin Americans. According to a press release seen by crypto.news, the partnership will allow users to use stablecoin infrastructure managed by Zero Hash, a provider of cryptocurrency and stablecoin technology that is also used by Stripe and Interactive Brokers. You will be able to send funds instantly via WhatsApp. According to the announcement, U.S.-based Latinos collectively send $150 billion back to their home countries each year. Felix’s service is integrated with WhatsApp, providing a streamlined way to send money…

New players are emerging in the decentralized finance (DeFi) space. These will cause quite a stir as they have the potential to dethrone giants like Ethereum (ETH) and Binance Coin (BNB). One such project, Lunex Network, is already a promising DeFi solution that could take over its larger competitors by 2025. Game changer alert: Lunex Network can change everything for DeFi Lunex Network (LNEX) is gaining a lot of attention for its innovative approach to DeFi. It offers scalability, low transaction fees, and user-focused features. On the Ethereum blockchain, Lunex integrates with over 50,000 currency pairs through an automated market…

On-chain data shows that demand for Bitcoin is increasing markedly, with Bitcoin witnessing a rally above the $71,000 level in the past day. Bitcoin’s apparent demand has recently surged to significant positive levels As explained by an analyst in a post on CryptoQuant Quicktake, demand for Bitcoin seems to have increased again recently. The on-chain metric of interest here is “apparent demand,” which tracks the difference between BTC production and changes in its inventory. The only way to generate BTC is to add new blocks to the chain and receive block subsidies as compensation. Therefore, the production of the asset…

Several altcoins are gaining momentum and the cryptocurrency market is showing new possibilities. Investors are eyeing four specific altcoins that could turn a $40 investment into a staggering $400,000 if Ethereum reaches $1 trillion in market cap. These altcoins have the potential to experience significant growth during the current market recovery. Top 4 altcoins could convert $40 to $400,000 if ETH is $1 trillion. Ethereum has seen a notable rise recently. The latest ETH price was trading at $2,665, reflecting a 2% increase with a market cap of approximately $320.92 billion. This uptrend could reignite interest in altcoins and lead…