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Ethereum has surpassed 5 million active addresses across its mainnet and layer 2 networks. Despite this surge in network activity, the price has remained stable, trading at around $2,642. Data shows that Ethereum (ETH) leads among Layer 1 (L1) and Layer 2 (L2) platforms when it comes to active addresses. As of October 2024, over 5 million active addresses have been recorded across the Ethereum mainnet and its L2 network. This increase in active addresses is an important indicator of Ethereum’s growing dominance in the blockchain space. However, the key question is whether Ethereum’s price has responded to this surge…
Important points Verizon stock fell Tuesday morning after the company’s third-quarter revenue and net income fell short of analysts’ expectations. Adjusted earnings, which factor in more than $2 billion in one-time charges, narrowly beat expectations. The telecommunications giant also confirmed its full-year outlook. Verizon (VZ) on Tuesday morning reported third-quarter earnings that fell short of analysts’ expectations, even as the company continued to add wireless phone and Internet subscribers. The telecommunications giant reported revenue of $33.33 billion, about the same as last year and slightly below analyst consensus estimates compiled by Visible Alpha. Earnings were significantly lower, down 30% to…
Stripe has confirmed that it has agreed to acquire stablecoin platform Bridge in a deal valued at approximately $1.1 billion.editorialThis content is selected, created, and edited by the Finextra editorial team based on community relevance and interest. Following last week’s acquisition rumors, Stripe CEO Patrick Collinson and Bridge CEO Zach Abrams informed Company X that the deal was done.”Stripe intends to build the world’s best stablecoin infrastructure, and we’re excited to welcome @stablecoin to @Stripe,” said Collinson.The move confirms payments giant Stripe’s return to cryptocurrencies in full force after a six-year hiatus. In April, it began allowing merchants to accept…
Ripple investors are feeling the excitement as the crypto market gears up for the next bull market. But it’s no longer just about XRP price. There are also some exciting rival coins to keep an eye on, including Solana and Lunex Network. To be honest, both of these coins have the potential to turn your $200 investment into an incredible 100x return. As the market heats up, it’s important to check out these alternatives and see how they compare to Ripple’s strong position. Ripple: The start of the next bull market Ripple is like a speedy friend in the crypto…
Litecoin has successfully broken out of the descending channel, indicating a potential bullish trend. A retest above the channel is required to ensure a breakout and indicate a stronger uptrend. If the breakout is confirmed, LTC could target $82, $90, and $108. Litecoin is on the verge of a major price move after successfully breaking out of a descending channel pattern. This bullish development indicates that a potential uptrend may be on the horizon. Although the breakout is encouraging, it is important to retest above the descending channel to confirm the validity of the bullish move. If LTC successfully retests…
advertisement Dogecoin, the largest and perhaps most popular meme cryptocurrency, has seen significant gains over the past week, reviving optimism about the potential for a memecoin-led rally. At the time of writing, Dogecoin is trading at $0.1431, marking a 24% rise in the last week alone. The strong upward trend in price has led some analysts to come up with a bullish roadmap for Dogecoin. They believe that the current market environment is favorable and DOGE has the potential for further gains. Is Dogecoin gearing up for another historic rally? Popular crypto trader Brandts recently told X that Dogecoin looks…
Ethereum’s recent rejection of a key resistance area at the 100-day moving average suggests a false breakout and possible short-term correction. However, crossing this threshold could trigger a bullish surge towards $3,000. Price is expected to consolidate with $2.4,000 as an important support level. technical analysis Written by Shayan daily chart Ethereum has recently seen a notable increase in demand and bullish momentum, with the asset testing a decisive 100-day moving average at $2,7,000 and a conclusive head-and-shoulders neckline at $2,6,000. We have just broken through the resistance area. Despite this short-term breach, ETH quickly faced rejection due to the…
Disclosure: The views and opinions expressed herein belong solely to the authors and do not represent the views and opinions of crypto.news editorials. Artificial intelligence and blockchain, once considered separate technology trends, are rapidly merging. These diverse subsectors include everything from distributed energy and distributed physical infrastructure networks to model fine-tuning and computational infrastructure. Some skeptics may balk at startups touting the use of AI and blockchain, two of the biggest buzzwords in business today. I believe they are simply trying to ride on the hype of both. After all, if some companies are already working on AI washing, why…
The company launched its API in March 2023, during a period of uncertainty for the digital asset sector. “Our first year was tough. The digital asset space was in turmoil. We struggled to find partners and customers,” he says. “After we launched, we immediately received interest from cross-border payment companies.”Market evolutionSince its founding, Bridge has evolved from providing cross-border payment solutions to supporting government aid disbursements across Latin America. The company has also created virtual accounts, allowing fintech companies like Dolar App and Chipper Cash to offer US dollar holding and spending capabilities globally.“Right now, we’re moving billions of dollars…
Indian regulators are considering banning cryptocurrencies such as Bitcoin and Ether, promoting the use of the digital rupee instead. On October 22, local media outlet Hindustan Times reported that the government had consulted with key institutions and regulators regarding private cryptocurrencies, including stablecoins, and concluded that the risks outweigh the benefits offered. The report cited two officials familiar with the matter. One official said that central bank digital currencies “can do anything that cryptocurrencies can do,” adding, “Apart from the risks associated with private cryptocurrencies, CBDCs have many benefits over cryptocurrencies.” The specific parties involved in the consultation were not…