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There is a clear difference in staking intensity between Ethereum and Polygon. A new report suggests that Ethereum’s staking activity remains significantly more focused than Polygon’s on what is considered to be “potentially unhealthy” for the ecosystem. Ethereum staking is monopolized by a few According to Flipside’s “YoY PoS Staking Report” shared with CryptoPotato, from September 2023 to 2024, Ethereum’s top 10 stakers consistently accounted for almost half (approximately 47-48%) of the total ETH staked. ), which reflects a stable but alarming level of centralization. Staking ecosystem. A lack of movement towards further decentralization could raise red flags that the…
North Shields, UK, October 16, 2024 (Globe Newswire) — Three Protocol is proud to announce the introduction of 3Pay, an advanced financial solution offering KYC-free virtual debit cards and crypto vouchers I think so. This marks an important milestone for the global financial space, introducing private, secure and decentralized alternatives to traditional payment systems while improving global financial inclusion. Three Protocol introduces an innovative approach to digital payments with 3Pay. This eliminates the need for cumbersome and privacy-impacting Know Your Customer (KYC) steps. This ensures that users can enjoy the benefits of cryptocurrency-based transactions without compromising their privacy or facing…
Canary Capital Group has filed a Litecoin ETF with the SEC. This pushed LTC prices up 9.5% to over $73, the highest since July 2024. But experts warn that institutional investors may not need to rush.This guide details this topic to help you better understand the situation.Also read: Cardano Price Prediction: Will ADA fall below $0.25? Experts have their sayCanary Capital’s Litecoin ETF Application: Impact on LTC and Market Trendsnew ETF playerCanary Capital is new to crypto investing, but plans to be here for the long term. Their Litecoin ETF application has been a hot topic.Stephen McClurg heads the company…
To everyone’s perplexity, Google doesn’t have live price charts for Bitcoin or other recommended cryptocurrencies. He said people who frequently search for queries such as “Bitcoin price” or “Ethereum price” will notice that the chart section that was present since 2018 is gone. This change took effect a few days ago, but it’s still unclear if this is a temporary issue or if the tech giant has decided to change this policy permanently. So far, official statements from Google have not explained why cryptocurrency price charts are no longer supported. Many believe that it could be part of the so-called…
Cryptocurrency payments company MoonPay has partnered with Ripple to allow customers to buy XRP directly. MoonPay shared news of the partnership on X on October 16, saying that customers can now “buy, manage, and store” XRP (XRP) cryptocurrency directly within their MoonPay accounts. XRP joins other popular crypto assets such as Bitcoin (BTC), Ethereum (ETH), and stablecoin Tether (USDT) that MoonPay users can buy and sell directly from the app. The app also allows customers to exchange certain cryptocurrencies, including between chains. Users can purchase cryptocurrencies using credit cards, as well as Apple Pay and Google Pay. The platform also…
Widely followed crypto analyst Ali Martinez says historically accurate signals are once again bouncing bullish for Ethereum (ETH). Martinez told his 74,000 followers on social media platform “Historically, the price of Ethereum has risen by an average of 130% each time it has bounced off the lower bound of this channel. If this pattern holds true, a similar move could occur in ETH as long as the critical $2,300 support level holds. could push it to $6,000.” Source: Ali Martinez/X At the time of writing, Ethereum was trading at $2,593, down more than 1% in the past 24 hours. Next,…
ChainCatcher News, stablecoin developer Hermetica has completed a $1.7 million seed round of funding led by UTXO Management. CMS Holdings, Ethos Fund, Trust Machines SPV, Newman Capital, Silvermine, and a number of angel investors participated. Hermetica has developed a high-yield synthetic dollar, USDh, that is issued on the Bitcoin network. The company plans to use the funds to strengthen the USDh ecosystem, including through custodial partnerships and enhanced liquidity. Hermetica plans to use this funding to expand into other Bitcoin L2 platforms such as Arch Network and Bitlayer in the coming months. According to RootData, Hermetica Finance is a non-custodial…
Tether, the company behind the USDT stablecoin, announced that approximately 330 million on-chain wallets and accounts received digital assets as of the end of Q3 2024. These accounts and wallets are important measures of user engagement.In the first-ever Tether Insight report, Tether’s Head of Economics, Philip Gladwell, noted that USDT’s user base is growing at a sustained and accelerated pace.Over the past four quarters, user numbers have grown by an average of 9% each quarter, and the third quarter of this year was the company’s most successful to date, with 36.25 million new users.Gladwell emphasized that this figure does not…
Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. The price of Dogecoin (DOGE) is showing some rare bullish momentum in the market today, as it rose…
ANZ first launched a pilot A$DC stablecoin in 2022. According to the Australian Financial Review, ANZ is currently working with pension company HESTA to explore the use of stablecoins for employers to pay employee pension contributions. Australians refer to pensions as superannuation. Companies that contribute to their employees’ pensions pay out the money and separately send data about what it is related to. ANZ’s idea is to attach data to stablecoin payments as part of a smart contract. Apparently, 200 million pensions are paid each year and the margin of error is 1.6%. Everything goes through a central clearing house…