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Bitcoin soared 12% in mid-September as the betting market’s election odds for President Trump began to rise. Trump’s crypto-friendly stance has increased investor enthusiasm for Bitcoin as betting odds rise. Analysts predict that Trump’s victory could have a major impact on the future of the cryptocurrency industry. Thank you for registering! Access your favorite topics in a personalized feed on the go. Download the app By clicking “Sign Up”, you agree to our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our settings page or by clicking “unsubscribe” at the bottom of the email.…
Electric car maker Tesla just moved its Bitcoin (BTC) holdings, which had been untouched for the past two years. The company made its first series of on-chain transactions since June 2022 on October 15, according to data from blockchain analytics platform Arcam Intelligence. Tesla moved almost all of its Bitcoin reserves, worth $760 million at the time, to a new address, leaving only $6.7 worth of its flagship cryptocurrency. Tesla purchased $1.5 billion worth of Bitcoin in January 2021, sold 272 million BTC in the first quarter of the same year, and 936 million BTC in the second quarter of…
(Reuters) – A strong sales forecast from industry leader TSMC boosted investor optimism about demand for processors used to power artificial intelligence applications, driving a rise in U.S. chip stocks on Thursday. Meanwhile, Nvidia’s stock price hit an all-time high.Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, raised expectations for annual sales growth, saying AI chip sales would account for mid-teens of full-year sales.U.S.-listed TSMC shares rose more than 11%, pushing the company’s market capitalization to more than $1 trillion.The forecast from a major maker of advanced AI chips has strengthened investors’ confidence in the outlook for the…
Crypto VC Blockchain Capital has led a $33 million Series C funding round in African stablecoin exchange Yellowcard.Nigeria-based Yellow Card, a Coinbase portfolio company, has raised a total of $85 million in a “completed equity raise,” according to a statement. Earlier this year, Coinbase partnered with Yellow Card to expand access to its products in 20 countries on the African continent.“This newly secured funding will be used to grow and expand the fund, particularly through enhancements to Yellow Card’s API and widget products, which are the gateway for international companies (including Coinbase and Block) to enter the African market. ”Yellow…
The XRP bull market is on a roll after the SEC failed to file an appeal scheduled for October 16th. Let’s explore the details of the appeal and why it had such a big impact on XRP. XRP was previously stuck in a stagnation with its price moving sideways, but it is finally showing signs of recovery. Cryptocurrencies have shown particularly strong bullish momentum over the past two days, which may have something to do with the SEC’s appeal deadline. If you’ve been paying attention to XRP, you may have noticed that it plummeted in early October. However, while many…
Ether perpetual futures funding rates have risen to unprecedented levels since before the global liquidation event in August. What is the impact on the market? During this period, major cryptocurrencies such as Bitcoin and Ether plummeted along with stocks, losing more than 20% of their value. In an interview with The Block, derivatives trader Gordon Grant warned that the crypto perpetual futures market remains at risk of similar overleveraged position-driven selling. The open interest-weighted funding rate is currently 0.0116%, the highest level since July 29, when Ether was trading at $3,316. This surge occurred just before a dramatic 22% price…
The broader financial ecosystem is also taking notice of the value proposition of stablecoins. PayPal launched its own stablecoin called PYUSD last year, and Stripe recently announced that it will once again allow its customers to accept cryptocurrency payments via the USDC stablecoin. Cross-border use casesMost international B2B payments are facilitated by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network. This network is a messaging system that sends funds delivery instructions between two banks and moves funds using Nostro and Vostro accounts. These payments can be incredibly slow, taking up to five days in some cases, and add on…
Of all the new coins in the cryptocurrency market, only a few can match the growth of Binance Coin (BNB). The ICO price of the virtual currency increased from the initial $0.15 to $710, a 400-fold increase. Early investors also became very rich and set a bar so high that virtually any new ICO would struggle to match it. There is currently a lot of interest in a new project, Lunex Network (LNEX). The platform is in pre-sale stage and has raised over $870,000 in funding. Analysts cite Lunex Network as the next company to deliver an 18x return by…
President Donald Trump’s new cryptocurrency venture, World Liberty Financial, is aiming to raise $300 million through the sale of cryptocurrency tokens, but it has drawn criticism from industry experts.The project, promoted by President Trump and his three sons, Donald Jr., Eric and Barron, will “leverage the global reach and visibility of the Trump brand” to popularize cryptocurrencies, according to the official website. The aim is to promote theWorld Liberty Financial (WLF)’s website went live on Tuesday, but technical issues halted the launch. The company’s website reportedly crashed due to excessive traffic shortly after its launch.Sandy Peng, co-founder of tech research…
advertisement Ripple’s Chief Legal Officer (CLO) Stuart Alderoti shared the expected timeline for the appeals process in a high-profile case with the US Securities and Exchange Commission (SEC). As the SEC prepares to appeal a federal judge’s decision over XRP, Alderoti provides insight into the steps both parties will take, and the full clarification process could drag until July 2025. He suggested that there was. How will SEC appeals play out? In a post on Wednesday’s X, Fox Business journalist Eleanor Terret revealed a fascinating conversation she had with Ripple’s head of legal affairs, Stuart Alderroti. Alderoti said the last…