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(Bloomberg) — Bitcoin’s rally has put the yuan cryptocurrency on the brink of surpassing its all-time high of about $74,000 hit in March. Most Read Articles on Bloomberg The digital asset rose to $73,564 on the New York market on Tuesday, but fell below $73,000 by early Asian time on Wednesday. This rally has been a tailwind for smaller tokens such as Ether and Dogecoin, which is popular with the meme crowd. Bitcoin is considered by some to be a so-called Trump transaction after Republican presidential candidate Donald Trump leveraged the digital asset during his campaign. Trump has the lead…
Welcome to an interesting new blockchain collaboration, unlike anything else you’ve expected. 1inch, a leading decentralized exchange aggregator, has teamed up with Bruce Lee’s family to launch an initiative to market and popularize Bitcoin and cryptocurrency acceptance under the tagline “Take crypto SeriousLee.” did. The partnership, announced through the official blog, aims to promote and increase public awareness of Web 3.0 and DeFi. A video has been uploaded to the 1inch website, officially launching the 1inch/Bruce Lee Family Company campaign. The 1 minute 21 second video showcases Bruce Lee and his skills while promoting hard work, success, and cryptocurrency. According…
NEW YORK (AP) — A rally in technology stocks on Tuesday sent the Nasdaq Composite Index to a record high, but the rest of Wall Street was trading thin as homebuilders and Ford Motor Co. fell after their latest profit reports. It was mixed. Even though most index constituents fell on the day, the S&P 500 rose 0.2%, inching closer to its all-time high set earlier this month. Gains in influential big tech stocks helped mask weakness in other areas, pushing the Nasdaq Composite up 0.8%, above its all-time high set in July. Meanwhile, the Dow Jones Industrial Average fell…
Stablecoin issuer Circle announced on Tuesday that it has signed a memorandum of understanding (MOU) with HKT, a leading technology, media and telecommunications company. The main objective of this collaboration is to explore opportunities to create a blockchain-based loyalty solution tailored for Hong Kong’s shopping streets. Collaboration between Circle and HKT According to the blog post, by combining Circle’s expertise in Web3 services and HKT’s merchant network and customer engagement resources, the two companies will develop loyalty solutions powered by Web3 to improve consumer-merchant interactions. The company says it has the potential to improve content and create a more interactive…
Tether, which has a market capitalization of $120 billion, faces intense scrutiny amid a possible Justice Department investigation, emphasizing its compliance with international sanctions and cooperation with authorities. The company holds $80 billion in U.S. Treasury securities and works with 180 government agencies to ensure financial health and compliance. Ardoino believes Tether’s future is tied to overcoming regulatory challenges and is optimistic that upcoming U.S. regulations could benefit the crypto industry. . As Tether navigates the rough waters of crypto regulation, CEO Paolo Ardoino remains steadfast in the company’s commitment to compliance. In a recent interview, Ardoino emphasized that Tether…
Keith Gill, the stock influencer known as Roaring Kitty, has liquidated his entire stake in pet supplies retailer Chewy, according to a filing with the Securities and Exchange Commission on Tuesday. Chewy stock fell nearly 2% in extended trading. Known for his cryptic posts, Gill uses platforms such as YouTube and Reddit to publish his trading positions. In July, days after Mr. Gill posted a picture of his dog on his Keith Gill, known for his cryptic posts, uses platforms such as YouTube and Reddit to publish his trading positions. Gill did not immediately respond to a Reuters request for…
Disclaimer: This is a sponsored press release. Readers should conduct their own research before taking any action related to anything mentioned in this article. Learn more >Chainwire, Singapore, October 29, 2024 – Foresight Ventures, a leading investment firm specializing in Web3 projects, today announced that it is investing in the newly established Jersey-based stablecoin issuer Deep Blue and Arta TechFin Corporation Limited (Arta TechFin, announced a strategic partnership with HKSE. : 0279) is a Hong Kong-listed company that operates regulated financial institutions through its subsidiaries and leads blockchain development. The partnership aims to foster innovation and growth in the stablecoin…
Banco Bisa, one of Bolivia’s largest banks, last week announced the launch of a crypto custody service, becoming the first regulated financial institution in the country to do so.The service, which only supports stablecoin Tether (USDT), will allow customers to buy, sell and transfer cryptocurrencies directly through their bank accounts, local media reported on Thursday.This is in response to the devaluation of currencies in Andean countries. Last month, the country’s inflation rate hit its highest in nearly a decade, increasing demand for the dollar.Franco Urquidi, Banco Visa’s vice president for business, told local reporters at the time that the feature…
Jeremy Allaire, CEO of USDC stablecoin issuer Circle, said Hong Kong is becoming an increasingly important payments market as stablecoins become an important part of the infrastructure.“In emerging and developing markets… you have importers that are importing from Asia, and a lot of the trade flows are cleared through Hong Kong,” Allaire told The Post on Day 2 of 2024 Hong Kong FinTech Week. said in an interview. Tuesday. “We’re seeing this demand from both sides…Companies are like, ‘This is better, it’s faster, it’s cheaper.'”The world’s second-largest stablecoin issuer pegged to the US dollar held its first Circle Forum on…
Traders work on the floor of the New York Stock Exchange on September 19, 2024.Brendan McDiarmid | ReutersS&P 500 futures rose Tuesday night as traders braced for additional reports from big tech companies and focused on key indicators of economic growth.Futures tracking broad market indexes rose 0.2%, while Nasdaq 100 futures rose nearly 0.3%. Dow futures rose 61 points, or 0.1%.Alphabet capped off a big week for tech mega-cap earnings. Google’s parent company posted strong quarterly revenue growth from its cloud business that beat analysts’ expectations, sending its stock up more than 5.5% after the market closed.Elsewhere in tech, Snap…