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Jay Hao, former CEO of OKX, one of the world’s largest crypto exchanges, has joined Indian blockchain startup CIFDAQ as co-founder and global COO. In an exclusive conversation with YourStory, Hao sheds light on CIFDAQ’s growth strategy, which plans to launch a centralized cryptocurrency exchange and wallet next month. He will ensure that CIFDAQ implements robust safety measures and employs the highest level of cybersecurity across its operations. CIFDAQ will also create a financially prudent ecosystem, he said. He added that a frugal approach is fundamental to the company’s strategy for long-term profitability. Hao joined OKX in 2018, when it…
Ethereum supporters are fighting back against a wave of disinformation and FUD targeting the ecosystem. The attack comes as ETH is underperforming competing layer-1 blockchain tokens, sparking further crypto tribalism. On October 17, independent Ethereum educator and angel investor Anthony Sasano slammed Multicoin Capital co-founder Kyle Samani for posting “blatant misinformation.” Ethereum FUD escalates Samani previously responded to Bitwise CIO Matt Hogan’s comment that “Ethereum is the best contrarian bet in crypto right now.” Samani, who is at war with Ethereum, recently spoke out against this, claiming that it is a “$300 billion asset with no roadmap or value generation…
The price of Dogecoin (DOGE) is on the rise, soaring nearly 10% in one day. Average trade size has also increased, suggesting that large market participants are becoming more active. This renewed interest could be an early sign of bullish momentum forming. Although technical indicators point to a positive outlook, the strength of the trend remains uncertain. If momentum holds, DOGE could continue to rise, but there is also the risk of a possible correction. DOGE average transaction size is increasing The average trade size for Dogecoin (DOGE) has increased noticeably over the past few days, increasing from 55,000 on…
According to market data, the price of XRP has skyrocketed significantly and could rise by 10x to 500x during the upcoming altcoin season. This data comes from two charts shared by Kevin Cage, a prominent market analyst and advisor at Iron Key Capital. These observations come from historical patterns that correlate Bitcoin’s dominance in the market with XRP’s performance during previous bull markets. Consistency of XRP and Bitcoin advantages In particular, XRP has consistently shown strong gains during altcoin seasons, when Bitcoin’s dominance declines and allows altcoins to soar. Two of the most notable cases occurred during the 2017 and…
Remember the thrill of collecting movie posters and trading cards? Now, get ready for a blockbuster upgrade! Bollywood is now taking a step into the future by embracing the world of blockchain and digital collectibles. Masu. Recently, SocialFi platform RECRD and entertainment giant Shemaroo partnered to transform Bollywood blockbusters into digital goods with the help of blockchain. RECRD and Shemaroo Partnership: A New Era for Movie Fans Sui-backed SocialFi platform RECRD has announced a partnership with Indian entertainment giant Shemaroo Entertainment. With this partnership, Shemaroo will become a platinum member of RECRD, sharing some of the largest Bollywood movie IP…
Cryptocurrency investment company Bitwise has filed an updated S-1 registration document with the U.S. Securities and Exchange Commission (SEC) to move forward with the application process for a Ripple (XRP) ETF. This update focuses on trust structures, custody arrangements, and share creation and redemption mechanisms. “Investors who decide to buy or sell Trust Shares (Bitwise XRP ETF) may place trade orders through a broker and may incur customary brokerage fees and commissions,” the filing states. It has been. Prior to this offering, no public market for the shares existed. Investing in the Trust involves risks similar to those associated with…
Bitcoin’s price surge shows no signs of slowing down, with some predicting the price topping $70,000 within the next few weeks.The world’s largest cryptocurrency is currently trading above $67,600 after ballooning to its highest price since early August, according to data from CoinGecko.But is the current bull market sustainable?ZeroCap chief investment officer Jonathan de Wet said in a note to investors on Wednesday that Bitcoin’s upward momentum remains strong. “We see[Bitcoin]reaching $70,000 in the coming weeks,” DeWet said, noting that the technical breakout provides a solid foundation for further upside.Several tailwinds are starting to come together, including the political situation…
Bitcoin price closed above the $66,000 resistance level and is looking ahead to the upside. Ethereum price has rebounded from the support level at $2,542, indicating potential for further upside. Ripple price is approaching the 200-day EMA of $0.553. A higher close suggests a possible recovery. Bitcoin (BTC) and Ethereum (ETH) have established support at important levels, suggesting a potential rally. In contrast, Ripple (XRP)’s approach to key resistance levels suggests that a successful breakout could lead to upward momentum in the coming days. Bitcoin bulls are showing signs of strength Bitcoin price broke through the $66,000 resistance level on…
(Bloomberg) — Asian stocks pared gains after gains in Chinese stocks petered out amid disappointment over the outcome of the ministry’s joint press conference on the real estate market.Most Read Articles on BloombergWith China’s CSI 300 Index erasing a 1.3% gain, the MSCI Asia-Pacific Index has all but given up its initial 0.7% gain. Chinese officials announced that the government will expand its program to support “whitelist” projects to 4 trillion yuan ($562 billion) from the approximately 2.23 trillion yuan already in place. The negative market reaction shows investors are setting an increasingly high bar for stimulus optimism.”The challenge right…
Ripple’s chief legal officer said the SEC’s lawsuit and appeals process could last until July 2025. XRP holders are digesting the news of Ripple’s cross-appeal and announcement at Swell 2024. XRP rose nearly 2% and topped $0.5400 on Wednesday. Ripple (XRP) is trading above $0.5400 on Wednesday, October 16th. The announcement of the Ripple swell event and the Securities and Exchange Commission (SEC) v. Ripple lawsuit appellate process and its schedule are the major factors driving the altcoin market. Daily Digest Market Movers: XRP rises on Tuesday amid positive development Ripple’s chief legal officer, Stuart Alderroti, told FOX business journalist…