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U.S. stocks fell before the bell on Monday, led by tech stocks, as investors braced for a week packed with top-level gains that could fuel or drag record gains.S&P 500 futures (ES=F) fell about 0.3%, closing at a new all-time high for the sixth straight week of gains. Dow Jones Industrial Average futures (YM=F) fell 0.2%, and the tech-heavy Nasdaq 100 (NQ=F) fell 0.5%.Whether a company’s performance exceeds high expectations is largely dependent on its continued record. Earnings season is in full swing this week, with more than 100 S&P 500 companies lining up to report. So far, 80% of…

Northern Data AG is considering selling its Peak Mining division to refocus on artificial intelligence solutions. Northern Data, a German-listed cryptocurrency and artificial intelligence infrastructure company backed by stablecoin issuer Tether, announced on Monday that it is considering selling its Peak Mining division, which would mean it would not be a pure provider of AI. This move is aimed at solidifying the company’s position. Solution. The potential sale of Peak Mining is consistent with Northern Data’s strategy to focus on Europe’s largest generative AI cloud platform and data center portfolio, the Frankfurt-based company said in an October 21 press release.…

Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. Experienced traders will switch gears from Ripple and Cardano to RCO Finance as the presale scales. Cryptocurrency market gains slowed in October, with popular coins such as Ripple (XRP) and Cardano (ADA) registering little movement over the past week. As a result, savvy investors changed their strategy by adopting RCO Finance (RCOF), a new pre-sale token that has raised a whopping $3.67 million to date. Why is RCO Finance growing rapidly while Ripple and Cardano are struggling? Let’s find…

Thailand-based SCB has introduced a stablecoin-based solution for cross-border payments following the completion of regulatory sandbox trials. The initiative was carried out in collaboration with SCB 10X, the bank’s venture and innovation arm, and Singapore-based fintech company Lightnet. Fireblocks, a digital asset custody provider, is responsible for the custody technology. As of this writing, no response has been received regarding the specific blockchain or stablecoin used in the project. Cross-border payments typically require banks to maintain a pre-funded Nostro account in the recipient’s country. According to ledgerinsights.com, stablecoins may eliminate this requirement, as stablecoin transactions are cost-effective and can take…

While we mentioned some of the characteristics that define L3 earlier, such as being optimized for a single use case, it’s worth noting that Layer 3 is a broad tent. Some projects, such as SQD, that technically meet L3 criteria are not represented as such. This is similar to how many Metaverse projects avoid this term altogether, as it is no longer used.In other words, you should pay less attention to the description a project gives to the blockchain network and more attention to what the project does. If it’s designed for a specific use case or on-chain vertical, is…

ETC is eyeing an upswing as bullish momentum builds. Holders of short positions account for 54.6% of market supply, but increased social activity could tip the balance. Ethereum Classic (ETC) has attracted market attention as its structure suggests potential upward momentum. Ethereum Classic is showing an encouraging uptrend according to the daily chart, but is currently in a retracement phase. This pullback to the local support level is a perfect opportunity for the bulls to step in and push the price up again. Zooming in on the 4-hour chart, we see that ETC is starting to regain bullish momentum, suggesting…

11:05am ▪ 5 minute read ▪ Written by Evans S. 2024 could be a significant milestone in the history of Bitcoin, with the price of the famous cryptocurrency predicted to exceed $80,000. As November rapidly approaches, analysts and experts are recognizing clear signs of an impending explosion in macroeconomic indicators and chart trends. What are the root causes? What can we expect in the coming weeks and months? favorable adjustment of economic conditions; The basis for Bitcoin’s expected rise is not limited to simple speculation. Several factors are at play, including global economic indicators. The current situation seems favorable for…

Sponsored post* Major altcoins like Ethereum and Dogecoin are definitely safe bets for the upcoming bull market, but their upside will be limited by their already huge market caps. Meanwhile, the pre-sale of Rollblock ($RBLK) could turn early adopters into millionaires with an incredible 100x move this cycle. Let’s see why… Ethereum ($ETH) “surges” and finally raises TPS significantly Ethereum maintains its position as the largest layer 1 coin despite strong competition from rivals Solana and BNB. Ethereum has risen 9% over the past seven days to $2.6 million as large buying volumes have returned to the crypto market. However,…

Billionaire Elon Musk was asked about XRP during a rally in Pennsylvania. However, Musk prefers to remain neutral when it comes to XRP, neither for nor against it, while at the same time extending his support to the broader cryptocurrency market and citing examples of uses for cryptocurrencies that go against centralized control. Interestingly, Musk’s mention of cryptocurrencies led to a rise in the crypto market, with altcoins playing a leading role. Here’s Elon Musk’s answer when asked about XRP Elon Musk came to show his support for President Donald Trump, who is gaining significant support over his opponent Kamala…

Payments giant Stripe has completed its acquisition of stablecoin platform Bridge in a deal valued at over $1 billion. TechCrunch co-founder Michael Arrington confirmed the acquisition in an Oct. 20 X post without providing details, noting that the acquisition cost Stripe $1.1 billion. As of this writing, the companies have not yet released any official statements regarding the acquisition. Last week, crypto.news reported that the two companies were in the final stages of negotiations, but no decisions had been made. Neither Stripe nor Bridge confirmed the development at the time. Founded in 2022 by former Coibase executives Zach Abrams and…