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top line Shares of Trump Media & Technology Group, which owns former President Donald Trump’s social media platform Truth Social, soared more than 15% on Monday, even as the president’s net worth increased by more than $500 million. is still trading well below where it was at the beginning of the year. Former President Donald Trump is now worth about $5.5 billion after Trump Media confirmed Monday that his stock price…(+) rose.Copyright 2024 Associated Press. Unauthorized reproduction prohibited important facts Trump Media stock, trading under the ticker $DJT, was up 15.98% at about $30 a share as of 1:48 p.m.…
XRP rose more than 2% on Monday, trading above $0.5400. Ripple Swell, the annual conference for payments company partners and customers, is scheduled for October 15th and 16th. XRP’s attention has returned to $0.60, a key psychological barrier for altcoins. Ripple (XRP) is trading above $0.5400 early Monday morning. Ahead of the important event, the value of altcoins rose by more than 2% on the day. Cross-border money transfer company Ripple is gearing up for its annual conference called Ripple Swell. The event is held for the company’s partners and customers and focuses on showcasing new developments and technologies introduced…
Attention turned to the OG meme coin network. Over the past few days, Dogecoin (DOGE) has been a hot topic of increased network activity. The number of large transactions and the total number of active addresses have skyrocketed significantly. For now, the price continues to move sideways, but the community is expecting an increase in the coming days.Also read: Top 3 cryptocurrencies that could rise if Donald Trump winsAnalysis of Dogecoin price hike and market activitySee Dogecoin priceEarlier today, the Dogecoin network recorded its highest number of active addresses in eight months. The total number increased to 133,880, adding further…
The Central Bank of the United Arab Emirates (CBUAE) has granted in-principle approval to the AED stablecoin under the Payment Token Services Regulatory Framework. This preliminary approval positions AED Stablecoin as a strong candidate to become the first issuer of a regulated dirham-pegged stablecoin in the UAE. The green light is also a response to concerns about potential restrictions on crypto payments that arose after the CBUAE announced its licensing framework. Under these rules, it is prohibited to use cryptocurrencies for payments unless authorized dirham-pegged tokens are used. Once fully approved, AED Stablecoin’s AE coin will be available for use…
Major stablecoin issuer Tether has revealed plans to explore commodity trading opportunities after securing huge profits, Bloomberg reported on Monday. Representative stablecoin issuers are considering lending to multiple companies in the above fields. With a market capitalization of nearly $120 billion, the USDT stablecoin has the potential to be integrated into traditional commodity trading. Physical commodity traders typically rely on revolving credit facilities to enable them to access capital in a reliable manner. This helps reduce possible risks, considering that commodity prices are highly volatile. Although traders tend to rely on banks to secure the funds they need, non-bank financial…
Important points Tether is turning to commodity trade financing as small and medium-sized businesses struggle to access traditional financing. USDT is already facilitating cross-border trade for Russian and Venezuelan exporters, highlighting the growing role of stablecoins. Share this article Tether Holdings, the world’s largest issuer of stablecoin USDT, is considering lending to a commodity trading company, Bloomberg reports.The cryptocurrency firm has held discussions with multiple commodity trading companies about the possibility of financing in U.S. dollars, according to people familiar with the matter. Commodity traders, especially small and medium-sized enterprises, often rely on credit lines to finance the transportation of…
Bitcoin surpassed $66,000 for the first time this month Earlier today, Bitcoin (BTC) rose above $66,000 for the first time since late September, continuing to rise as China’s economic stimulus measures boosted investor sentiment. Additionally, the S&P 500 (SPX) hit an all-time high, leading some to speculate that positive market-wide price action ahead of the 2024 US presidential election could be bullish for cryptocurrencies. Now is a good time to check out crypto stocks MARA Holdings, Inc (NASDAQ:MARA) and Coinbase Global Inc (NASDAQ:COIN). MARA last traded at $17.12 million, up 6.6% and down 25.8% year-to-date, but still up 126.3% in…
A prominent cryptocurrency expert predicts a bull market next year, with Ethereum (ETH) rising to $7,000 and Ripple (XRP) rising to $7 by 2025. But leveraging its creative real-world asset tokenization approach, Lexus Finance (RXS) is poised to become a true “Bull Run Winner”, powered by an incredible 12,000% increase potential. Will Ethereum (ETH) reach $7,000 by 2025? Experts say Ethereum’s price movement from January 2023 to March 2024 points to previous strong periods and suggests a breakout could occur in the coming months. . A fractal pattern staring squarely at the $7,000 target suggests that ETH could experience a…
The Core Foundation, the organization behind the Core blockchain, announced the launch of the Core Commit Program, a major initiative aimed at accelerating blockchain development and innovation. Scheduled to begin on October 14, 2024, the three-month program will provide developers with funding, expert mentorship, and support from over 100 venture companies, including notable companies such as Google, UTXO, Foresight Ventures, and Faction. Provides direct access to capital companies. The Core Commit program will distribute a total of $75,000 worth of CORE tokens to participating developers, with monthly awards of $25,000 based on performance and project milestones. This initiative is significant…
Ripple has taken an important step in stablecoin development and minted a significant amount of RLUSD tokens. According to reports, approximately 6 million RLUSD tokens were minted and transferred today. This activity sparked optimism in the market, especially in XRP. RLUSD is pegged to the US dollar and backed by reserves, which aims to attract institutional investors and increase liquidity within the XRP ecosystem. Impact on Ripple (XRP) price The launch of a stablecoin correlates with an increase in the price of the associated cryptocurrency. For example, Ethereum skyrocketed in price after the introduction of DAI. Analysts predict that RLUSD…