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Crypto analyst Benjamin Cowen predicts the likely trajectory of Ethereum (ETH) vs. Bitcoin (BTC) over the coming weeks and months. Cowen told his 866,700 followers on social media platform X that the Ethereum/Bitcoin (ETH/BTC) pair is “likely” to bottom by the end of this year. According to Cowen, the ETH/BTC pair is unlikely to fall more than 20% from current levels. “If you were bullish on ETH/BTC at 0.08 but turned bearish at 0.038, the market is completely fooling you. Yes, ETH/BTC can go down, but the time to trade was two years ago, not today. ETH/BTC may bottom out…
DUBAI, UAE, October 18, 2024 (Globe Newswire) — After securing two consecutive high-profile sponsorships in Dubai this year, CoinW is proud to announce its second major event in Dubai, Future Successfully completed the Blockchain Summit. The event highlighted the seven-year-old exchange’s increasing focus on ecosystem partnerships, from exhibition space to special after-parties. Notably, CoinW CEO Sonia Shaw made her first public statement, clarifying the company’s long-term goal of evolving into a decentralized exchange (DEX). . In contrast to TOKEN2049 Dubai, the Future Blockchain Summit attracted a wide range of exhibitors covering industries such as blockchain and AI. The summit attracted…
Solana (SOL) went from $20 to $200 in just about five months. Some crypto traders had expected altcoins not to reach this level in the short term, but this came as a surprise to them. Regardless, traders who were expecting a spike in Solana (SOL) are now feeling optimistic about XRP (XRP) and Lunex Network (LNEX). This trader believes that XRP (XRP) and the Lunex Network will probably reach new highs before the trading close in 2024. While XRP (XRP) is still trying to emerge from its consolidation phase, the Lunex Network is making waves with its presale, already generating…
Payment processing company Stripe is reportedly in talks to acquire stablecoin platform Bridge, according to sources cited by Bloomberg. It is worth noting that as of this writing, this agreement has not yet been finalized, and there is still a possibility that either party may withdraw from the negotiations. The potential acquisition coincides with Stripe’s renewed focus on digital assets after a six-year hiatus from offering cryptocurrency-related services. Stripe’s renewed interest in cryptocurrencies Earlier this year, Stripe officials announced that the company would return to stablecoin services. They noted that transactions involving stablecoins through Stripe are settled instantly on-chain and…
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. The price of dog-themed cryptocurrency Dogecoin (DOGE) has risen more than 11% in the past day.At the time…
Litecoin (LTC) has topped $70 and is now aiming for $100 as on-chain transaction volume soars to nearly $4 billion. Today, Bitcoin has momentarily surpassed around $68,000 and Litecoin is gaining momentum. BTC price has increased by 12% in the past 7 days, while Litecoin has increased by 10.64%. Litecoin has a market capitalization of $5.4 billion and is currently trading at $71.98. It is capitalizing on further momentum in the crypto market and targeting the bullish trend towards the psychological mark of $100. Litecoin breakout rally surpasses $70 The daily chart shows the trend in LTC price, indicating a…
Why is China not the only problem facing the company? ASML Holding (ASML 2.50%) shares fell sharply after the semiconductor equipment maker lowered its guidance and said some chip market recovery will continue into 2025. This decline has pushed stock prices into negative territory since the beginning of the year. Stocks came under pressure after the U.S. government announced earlier this year that it was considering introducing tougher trade restrictions on companies selling advanced technology to China. The Netherlands has introduced its own export regulations related to ASML’s semiconductor equipment, requiring permission from the Dutch government to export some equipment.…
On October 4, 2024, Matthew Sigel, Head of Digital Asset Research at global investment firm VanEck, along with investment analysts Patrick Bush and Nathan Frankovitz, published the “September 2024 VanEck Crypto Monthly Recap.” Published a blog post titled , in which Sigel discussed Ethereum’s recent poor performance. Compare with Bitcoin (BTC) and Solana (SOL). Siegel said ETH is up 14% year-to-date, lagging behind BTC (+49%) and SOL (+52%). According to Siegel, this underperformance is due to the implementation of EIP-4844 on March 13, 2024, which significantly changed Ethereum’s economic model. Sigel explained that EIP-4844 created a new transaction layer for…
Home > News > Business > a16z says “virtual currency” money laundering is the fault of evil foreigners American venture capital group Andreessen Horowitz (a16z) says crackdown on ‘cryptocurrency’ money laundering should focus on despicable foreigners rather than noble and honorable American operators . On October 14, technology-focused a16z’s head of regulation and head of legal affairs Michelle Kober and Jay Ramaswamy, respectively, announced “concrete measures to combat money laundering” related to digital assets. ” posted a blog detailing the issue. The authors start with the obvious, stating that “money laundering is extremely difficult to combat” because it mimics legitimate…
Pioneering stablecoin platform Yellow Card has successfully closed its Series C funding round, raising $33 million.According to Intelligent CIO, the investment was led by Blockchain Capital, with contributions from notable companies including Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital. I was seen.This funding milestone reflects growing confidence in Africa’s fintech industry and highlights the potential for stablecoins to revolutionize financial interactions on the continent. Since its founding in Nigeria in 2019, Yellow Card’s influence has spread to 20 African countries and facilitated more than $3 billion in transactions.The…