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Circle CEO Jeremy Allaire said stablecoins will become an important part of Hong Kong’s trade payments as the city moves into more of a Web3 realm. According to an Oct. 30 report in the South China Morning Post, Jeremy Allaire said Circle (cUSDC) is a “global network of stablecoins that will make market transactions cheaper and faster through Hong Kong.” He said that he was targeting Hong Kong for the purpose of “. “In emerging and developing markets…we have importers that are importing from Asia, and a lot of the trade flows are cleared through Hong Kong,” Allaire said at…
What is the price of Ethereum today? The price of Ethereum (1 ETH) was $2,659.14 at 8 a.m. ET. The highest intraday price for the cryptocurrency in the past year was $4,088.00 on March 12, 2024. ethereum chart *Return comparisons are as of 8 a.m. ET. Ethereum is not the first altcoin, but it is the most popular and successful. This cryptocurrency was born in 2015. Its blockchain has generated tremendous growth and revenue over the past nine years. Ethereum price history This chart captures data as of 8 a.m. ET each day and does not display intraday highs or…
New York, NY, October 30, 2024, Chainwire Morph, the global consumer powerhouse driving blockchain adoption, today announced the launch of its mainnet on Ethereum. The mainnet launch is an important milestone in the construction of Morph’s consumer layer, which serves as an extension beyond the typical layer 2. Morph’s consumer layer directly addresses the root causes of limited blockchain adoption and enables ecosystem participants to exchange real assets and participate in transactions. Projects already built on Morph will be able to move to mainnet and continue developing their technology with this expanded reach, further fueling the growth of our consumer…
Cover image (via www.freepik.com) 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. Dogecoin’s recent strong upward momentum has sparked debate over whether it will ever reach the elusive $1 mark.…
Germany’s inflation surges to 2.4% as it narrowly skirts a technical recessionGermany’s inflation surged to 2.4% in October, back above the European Central Bank’s 2% target, even as the country narrowly avoided a technical recession in the third quarter.The preliminary print, announced by German statistics office Destatis, is harmonized across the euro area for comparability.Analysts polled by Reuters had been expecting harmonized inflation to come in at 2.1% in October.Read the full story here. — Sophie KiderlinUK homebuilders rise as government delivers October budgetShares of U.K. homebuilders rose on Wednesday afternoon, extending gains as U.K. Finance Minister Rachel Reeves delivered…
Hong Kong-based stablecoin issuer First Digital Trust announced Thursday that it will expand its FDUSD token to the Solana network. First Digital USD (FDUSD), the fourth largest stablecoin by market capitalization, issued by Hong Kong-based company First Digital Trust, after deploying its products on Ethereum and BNB Chain (formerly Binance Smart Chain). It appears in Solana, which is exploring new ecosystems. https://twitter.com/FDLabsHQ/status/1851584677246886112 In an Oct. 30 announcement about X, the stablecoin’s development team said the selection was due to Solana’s trading track record, and that Solana is an “ideal solution for real-time payments and settlements.” The team added that the…
Former FTX executive Nishad Singh will learn his fate on Wednesday afternoon (October 30). Singh, the former chief engineer of a failed cryptocurrency exchange, will be sentenced for the theft of approximately $8 billion worth of customer funds by Sam Bankman Freed. Shortly after FTX’s collapse in November 2022, Singh and other executives pleaded guilty to fraud and conspiracy and agreed to cooperate with prosecutors. He testified against Bankman Fried last year and helped convict his former boss and friend on fraud charges. He told jurors he was “embarrassed and embarrassed” by Bankman Freed’s reckless and excessive spending, even before…
With gold and Bitcoin both at or near record highs, which ‘hard money’ is better as investors seek hedges against economic uncertainty, inflation and geopolitical shifts? The debate over this is intensifying. Amid mounting economic pressures, two traditionally antagonistic assets, gold and bitcoin, have soared to or near record highs, sparking debate over their role as “hard money.” With gold passing the $2,770 milestone and Bitcoin (BTC) hovering near its all-time high of $73,800, the simultaneous rise signals underlying anxiety in the market. Investors are increasingly looking to both as a defensive hedge against economic fluctuations, drawing attention to the…
Toons, a global funds transfer network, has partnered with stablecoin issuer Circle to enable faster cross-border transactions. The partnership aims to revolutionize stablecoin liquidity management, allowing members of Thunes’ Direct Global Network to use USDC to fund and make cross-border payments. That’s what I mean. This integration facilitates transfers within seconds throughout the week. Jeremy Allaire, co-founder and CEO of Circle, said: “Circle and Thunes’ collaboration demonstrates the transformative power of the digital dollar to enable secure and transparent transfer of funds at internet speeds. “USDC will facilitate seamless cross-border transactions for businesses and individuals, opening new economic opportunities and…
JetBolt (JBOLT) has been creating a lot of buzz across the cryptocurrency industry, with whales shifting their attention to this innovative new token during the ongoing pre-sale phase. One of JetBolt’s most talked about features is Zero Gas Technology, a revolutionary advancement by Scale Network. This feature completely eliminates gas fees and makes it easier to conduct transactions.But the impact doesn’t stop there. This technology aims to reshape entire sectors of the blockchain world. Developers of dApps, SocialFi, and Web3 projects are now free to create without worrying about the excessive gas costs that often hindered innovation in the past.Now,…