Author: admin

ConsenSys, which operates the popular MetaMask wallet, has announced a 20% reduction in its workforce, highlighting continued challenges in the cryptocurrency industry’s regulatory environment. The move comes as the Ethereum network continues to evolve technologically, showing mixed market signals.ConsenSys reorganizes amid regulatory pressureConsenSys CEO Joe Rubin announced that the company will lay off approximately 162 employees, or about 20% of the company’s 828 employees across all divisions. The Brooklyn-born company relocated to Texas, citing regulatory uncertainty and a legal battle with the SEC as key factors in its decision.“Multiple lawsuits with the SEC demonstrate that meaningful jobs and productive investments…

US-listed cryptocurrency exchange Coinbase has rolled out real-time account funding for customers in the US and Europe amid a frenzied market that has seen an increase in trading activity in recent days.The integration with Visa Direct will allow Coinbase users with eligible debit cards to deposit funds into their Coinbase accounts in real time, eliminating traditional transfer delays, Visa said in a statement on Tuesday.This comes after the price of Bitcoin, the world’s largest cryptocurrency by market capitalization, soared to a March high near $73,700 on Tuesday. Exchanges like Coinbase collect revenue from people looking to speculate in its asset…

SINGAPORE, Oct. 30, 2024 (GLOBE NEWS WIRE) — Project agencies GPJ and DARKHORSE this week announced that Binance Blockchain will produce the largest ever flagship event for Binance, the world’s leading cryptocurrency ecosystem.・Announcing Week Dubai 2024. This industry-leading symposium, bringing together the brightest minds in Web3, blockchain, cryptocurrencies and decentralized finance, will take place on October 30 and 31, 2024 at the iconic Coca-Cola Arena in Dubai. “We are excited to partner with GPJ and DARKHORSE to host the biggest Binance Blockchain Week to date,” explains Rachel Conlan, Binance Chief Marketing Officer. “Both institutions share a vision to deliver a…

The MAGA cryptocurrency has outperformed BTC as Trump’s odds of winning soar. The US election results will determine whether the MAGA crypto survives. Bitcoin (BTC) is one of the most tracked “Trump trades” given the growing likelihood of the former president winning the US election, but other coins such as the MAGA crypto also benefit is receiving. Memecoin has surged 33% in the past seven trading days, outpacing BTC, which has risen about 6% in the same period. However, if the US election results go as predicted by prediction sites like Polymarket, MAGA and related coins could explode. US election…

The Royal Government of Bhutan transferred approximately 929 Bitcoins (BTC) worth approximately $66.16 million to cryptocurrency exchange Binance. On-chain data service Lookonchain first reported the transaction via X. The transfer was made in two parts, with the first 100 BTC (approximately $7.1 million) sent at 9:09 a.m. UTC, followed by an additional 839 BTC (approximately $59 million) at 9:56 a.m. UTC. The money was sent to. This information was corroborated by on-chain analytics platform Arkham, which has been monitoring Bhutan’s holdings since September. Notably, this is the first time Bhutan has transferred Bitcoin to a cryptocurrency exchange since July 1,…

XRP prices remained volatile on Wednesday even as Bitcoin retested all-time highs in overnight trading. Ripple, the seventh-largest cryptocurrency by market capitalization, is trading at $0.5255, a few points higher than this week’s low of $0.4900. Ripple will fall in 2024 The price trend of XRP is noteworthy as it continues to underperform other major coins such as Ethereum and Bitcoin. After falling 16% this year, Bitcoin retested its all-time high of $73,800. The company’s poor performance continued this month after co-founder Chris Larsen announced a donation to Kamala Harris. Harris is seen as a more anti-crypto candidate than Donald…

Bitcoin was trading above $72,000 on Wednesday, heading towards all-time highs in the short term. Ethereum price is supported by an uptrend line, which suggests a possible uptrend in the future. Ripple price finds support near the $0.488 level. A solid close below would suggest a continuation of the downtrend. Bitcoin (BTC) has successfully retested a major support level and headed towards an all-time high in the short term, trading above $72,000 on Wednesday. Ethereum (ETH) has similarly found support near key levels, indicating potential for further upside. However, Ripple (XRP) recovered slightly after retesting a major support level. If…

GEORGE TOWN, Cayman Islands, October 30, 2024 (Globe Newswire) — Core Foundation, the organization dedicated to growing Core’s leading BTCfi ecosystem, announces the addition of Solv to its validator set . This is an important step to strengthen security and security. Decentralization of the core blockchain ecosystem. The move comes as the network continues to expand its footprint in the Bitcoin staking and BTCfi space. Validators on the core blockchain play a critical role in maintaining the integrity of the network. They validate transactions, generate new blocks, and ensure that the blockchain complies with its rules and protocols. Solv, the…

Florida Chief Financial Officer Jimmy Patronis is asking the agency that manages state retirement funds to consider investing in Bitcoin, as more U.S. states add the cryptocurrency to their portfolios. Join in. “Bitcoin (BTC), often referred to as ‘digital gold,’ has the potential to diversify states’ portfolios and provide a safe hedge against the volatility of other major asset classes,” said Patronis, Florida Commissioner. This was stated in a letter dated October 29th to the Association. Chris Spencer, Executive Director of Administration; Patronis’ letter asks the SBA to “submit a report on the feasibility, risks, and potential benefits of directing…

XRP price movements are being closely monitored as the asset continues to hover around key resistance levels. Analyst Dark Defender has identified $0.6649 as the level that XRP must break to open a potential rally. A breakout of this point could propel XRP towards an initial target of $1.88 and a notable long-term target of $5.85 and $18.22. XRP price resistance level is $0.6649 XRP is always following important support and resistance levels. The $0.6649 mark is a key price level if XRP needs to rise. Therefore, this level acts as a resistance. According to analysis conducted by Dark Defender,…