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Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. The Global Blockchain Show will once again be held in Dubai on December 12-13, 2024, bringing together blockchain leaders and innovators to explore the latest in the field Dubai, October 10, 2024: Global Blockchain Show is pleased to announce its second edition, which will be held at the Grand Hyatt Exhibition Center in Dubai on December 12 and 13, 2024 . Hosted by Web3 and VAP Group, a leading artificial intelligence consulting company, the two-day show brings together founders,…

Cryptocurrency markets are on the rise as expectations for China’s economic stimulus measures rise. Cryptocurrency price rise +/- Bitcoin BTC/USD $65,903.70+5.4%Ethereum ETH/USD $2,630.58+7.4%Solana SOL/USD $156.05+7%Dogecoin DOGE/USD $0.115+4.8%Shiba Inu SHIB/USD $0.00001826 +5.8% Notable statistics: According to IntoTheBlock data, large transaction volume is down 6.9% and daily active addresses are up 1%. Transactions over $100,000 decreased from 6,165 to 5,104 per day. Exchange net flows fell by 80%. According to Coinglass data, 61,029 traders liquidated for $234.09 million in the past 24 hours. Short interest in cryptocurrencies reached $181 million, the highest level since August 5th. Notable developments: Top gainers: Cryptocurrency price…

Ripple Chief Technology Officer David Schwartz responded to community concerns about the price of XRP following the launch of the Ripple USD (RLUSD) stablecoin for cross-border payments. Meanwhile, ETFSwap (ETFS) is set to soar in value with the launch of the Phase 1 beta platform. ETFSwap (ETFS) set to 1200x after beta platform launch ETFSwap (ETFS) was conceived as a one-stop shop for tokenizing and trading exchange-traded funds (ETFs). The platform provides an intuitive and attractive interface for traders and investors to access and invest in tokenized representations of ETFs offered by institutions. The result will be a deliberate fusion…

SEC extends review of proposed Ethereum ETF optionsAccording to an Oct. 11 notice, the Securities and Exchange Commission has extended the review period for proposed rule changes that would allow options trading on Ethereum exchange-traded funds.The original 45-day review period was scheduled to expire on Oct. 19, but the SEC designated a new deadline of Dec. 3, according to the filing.The proposal, filed by Cboe Exchange on August 19, seeks to amend exchange Rule 4.3 to allow the listing and trading of equity options on nine Ethereum ETFs, including products from Fidelity, Grayscale, and BlackRock’s iShares. stated in the SEC…

OKX Cryptocurrency Exchange introduces six new USDC trading pairs, enhancing preview (opens in new tab) to increase liquidity and support USDC integration into the market. While stablecoins such as USDC and Tether are gaining attention, the movement of OKX highlights the growing importance of stablecoins. OKX, a leading cryptocurrency exchange, plans to strengthen the USDC ecosystem by introducing six new trading pairs, including stablecoins. Starting October 14th, OKX will offer trading on the spot market for AEVO-USDC, ATH-USDC, CATI-USDC, ETHFI-USDC, JUP-USDC, and ZETA-USDC. By expanding the availability of USDC trading pairs, OKX is helping to accelerate the adoption of this…

Tether Holdings, which operates the world’s largest stablecoin USDT, is expanding its horizons by exploring financing opportunities in the commodity trading space. The company is considering US dollar financing as a new way to distribute billions of dollars in profits and is in talks with multiple commodity trading companies, according to a Bloomberg News report by Archie Hunter and Olga Khalif. It is said that they are doing so. The report went on to say that the commodity trading industry, which revolves around the movement of high-value cargo such as oil, metals and food, relies heavily on lines of credit…

Cryptocurrency investors are clearly becoming more bullish. Last week, it poured $419 million into Bitcoin-related funds, marking a reversal from the previous week’s negative crypto fund flows. European asset management firm CoinShares says that’s because it believes a Republican is now slightly more likely than before to take the White House.CoinShares said in a report on Monday that investors are now more concerned with who the next president will be than economic indicators. And with polls showing narrower odds between the two candidates, the firm believes that is having an impact on crypto ETF investing.Former President Donald Trump, the Republican…

Tether, the largest issuer of stablecoins, may consider lending USD to commodity trading institutions, according to reports. Tether (USDT) aims to strengthen its position in traditional financial markets by providing loans to companies, Bloomberg reported, citing anonymous sources familiar with the matter. Tether CEO Paolo Ardoino reportedly said the company’s investment arm had early-stage conversations focused on the possibility of traditional financial lending. Ardoino emphasized that Tether Investment will explore such opportunities separately from the USDT stablecoin business. This is not the first time Tether has offered lending capabilities. From 2019 to 2021, the company disbursed $11.6 billion in secured…

Congress is divided on new stablecoin legislation.getty Sen. Bill Hagerty (R-Tenn.) introduced a new stablecoin bill last week that aims to bridge the gap that has hindered previous efforts to pass stablecoin legislation. Stablecoins are cryptocurrencies that can be exchanged on a one-to-one basis with US dollars held in trust by the issuer. Its balances reach $170 billion, and monthly transaction volume exceeds $1 trillion. It is clear that it has the potential to revolutionize payments, but its legal status is unclear. As a result, Congress is working on new laws. Earlier this year, Rep. Patrick McHenry (R-NC) introduced the…

US Vice President Kamala Harris continues to promote connections with the crypto community as part of her “Opportunity Economy” platform. On October 14, Harris will meet with black entrepreneurs in Erie, Pennsylvania. Her agenda includes discussing the importance of supporting Black-owned small businesses, overcoming regulation of cryptocurrencies and digital assets, and advocating for federal cannabis legalization. Opportunity economy focus In a statement to New Hampshire’s NPR affiliate, Harris campaign co-chair Cedric Richmond described the push as part of Harris’ broader “opportunity economy” efforts. Richmond emphasized that Harris aims to win the support of black men by creating an economy that…