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A top crypto strategist known for making well-timed Bitcoin calls has outlined the price level at which he believes BTC’s eight-month sell-off could end. Pseudonymous analyst Don Alto told his 589,100 followers on social media platform X that he believes Bitcoin will gain further bullish momentum if it clears a key resistance area. The trader also notes that it would be healthy for Bitcoin to retest immediate support before moving higher. “For >$65,000, I think we can finally escape the never-ending cuts.”$61,700 is a good first step towards breaking $65,000 I hope that when all this hardship is over, I…

Bloomberg reported on October 14 that Tether Holdings is considering lending to commodity trading companies as the stablecoin issuer expects to make billions of dollars in profits.Tether, which issues USDt (USDT), has discussed US dollar financing opportunities with multiple commodity trading companies, Bloomberg reported on condition of anonymity, citing people familiar with the matter.Tether did not immediately respond to Cointelegraph’s request for comment. Related: Tether reports record $5.2 billion profit in first half of 2024 Amid these discussions, stablecoin issuers also reportedly considered the possibility of Tether playing a role in mainstream commodity trading.Commodity traders rely heavily on credit to…

Monochrome Asset Management is set to launch Australia’s first spot Ethereum exchange traded fund (ETF) on Cboe. Trading begins on Monday (10am AEDT on Tuesday) following long-awaited approval of Ethereum ETF in the US The new ETF, named IETH, comes just two months after Monochrome launched its Bitcoin ETF (IBTC), which has attracted $15 million (US$10.1 million) in investments since August 2023. While this number is modest compared to the billions held by US ETFs, IETH aims to stand out by offering unique features such as physical subscriptions and redemptions. CEO Jeff Yu explained that this structure provides greater tax…

In the evolving financial landscape, stablecoins have emerged as a pivotal element within the cryptocurrency ecosystem. Stablecoins are positioned as a bridge between the volatile world of cryptocurrencies and the stability of traditional fiat currencies, and are increasingly being recognized for their potential to increase the efficiency and reliability of digital transactions. Recently, Mudrex research expert Anush Jafer discussed the importance of stablecoins on an ETMarkets live stream, highlighting their mechanisms, benefits, and impact on the broader financial system.Understanding stablecoinsBasically, a stablecoin is a cryptocurrency that is designed to maintain a stable value, unlike its more volatile counterparts such as…

Dogecoin’s active addresses have surged to 133,880, the highest in eight months, indicating increased engagement. Last week’s whale accumulation of 2.07 billion DOGE was the highest since January 2024, reflecting increased interest in the network. Dogecoin, which has the highest number of active addresses at 133,880, has seen a spike in network activity in eight months. For many investors, this rise is a positive indicator that interaction with the coin is increasing. active #Dogecoin Addresses recently surged to 133,880, the highest level in eight months. pic.twitter.com/DojEsDscXk — Ali (@ali_charts) October 12, 2024 The unexpected increase in active addresses indicates that…

Uniswap is preparing to launch a layer 2 blockchain called Unichain designed to enhance the scalability of decentralized finance (DeFi) applications. Unichain is currently in the testnet phase and aims to address the high transaction costs and slow speeds commonly associated with DeFi operations on Ethereum. To achieve this, Unichain features fast block times of 1 second and works with Flashbot to incorporate 250ms sub-blocks to create a near-instantaneous transaction experience. This new blockchain will be integrated into the Optimism Superchain, enabling interoperability between Ethereum and other layer 2 chains. Reminder:Testnet is designed to create an experimental environment to test…

Home > News > Interview > Tokenovate transforms carbon credits with blockchain With an infinitely scalable enterprise blockchain network like BSV, you can bring anything and everything on-chain, including large-scale derivatives markets. Tokenovate is targeting this $1.2 trillion sector with its pioneering product. As John Anderson reveals, we’ve seen incredible growth over the past year as the need for transparency, efficiency and cost optimization increases. title=”YouTube Video Player” Frameborder=”0″allow=”Accelerometer; Autoplay; Clipboard writing; Encrypted media; Gyroscope; Picture-in-picture; Web sharing” Referrerpolicy=”strict-origin-when-cross-origin “allowfullscreen=””> Mr. Anderson is Chief Product Officer at Tokenovate, a company based in Cambridge, UK that provides decentralized financial market infrastructure.…

Stock Market Live Updates, Monday, October 14, 2024: India’s benchmark stock indexes rose on Monday after Wall Street closed at a record high on Friday. At around 11:10 am, the BSE Sensex rose 463.92 points or 0.57% to 81,845.28 and the Nifty 50 rose 128.20 points or 0.51% to 25,092. On the BSE Sensex, 11 out of 30 stocks were trading in the red, with Axis Bank (down 0.73 per cent) limiting the decline, followed by Bajaj Finance, Ultratech Cement, Bharti Airtel and Titan, which rose. The rate was led by JSW. Steel (up 1.71 per cent), Larsen &…

Ripple’s cryptocurrency XRP continues to face challenges as regulatory uncertainty and legal battles weigh on its price performance. Despite the ongoing controversy, some analysts remain optimistic about XRP’s long-term potential.Ripple CEO slams SEC for ‘overreaching’ in regulating XRPRipple CEO Brad Garlinghouse has stepped up his criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that XRP is not a security. accused of deviating from the His remarks came after Bitnomial Exchange filed a lawsuit against the SEC challenging the regulator’s authority over XRP futures.Garlinghouse said on social media: The SEC now believes…

Bitcoin rose to a seven-day high late Sunday night as Asian stocks showed mixed results following China’s economic stimulus plan announced over the weekend.On the day, the cryptocurrency traded 2.5% higher at $64,300, its highest level since October 7. This follows recent stimulus promises announced by the world’s second-largest economy on Saturday.China has vowed to “significantly increase” its debt to support its weakening economy, but has given no details on the size of the stimulus package and has not given any details on the sustainability of the recent stock market rally. Investors are left in the dark about the potential…