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Important points Shares of Advanced Micro Devices fell sharply on Thursday after the chipmaker’s new AI lineup failed to excite investors who had been waiting to see the company take on Nvidia. Thursday’s decline occurred at the all-time high, with the stock experiencing selling pressure near the upper trendline of the descending channel. Investors should keep an eye on the key downside levels near $162, $142, and $122 on the AMD chart, as well as the $220 upside target predicted using measurement principles. Advanced Micro Devices (AMD) stock fell 4% on Thursday after the chipmaker’s new AI lineup failed to…

As China’s stock market has seen record gains in recent weeks, police in Jiangxi province have posted online video footage of a driver parked in a highway emergency lane for hours. His excuse for not heeding multiple warnings from other drivers was that he was too preoccupied with stock trading.Drivers weren’t the only ones feeling at risk. Millions of other Chinese people are similarly glued to their screens and brokerage accounts as the market soars and then plummets in days of volatile trading.Retail investors rushed to take advantage of the dizzying market rally that began in late September, when the…

Stripe confirmed that in the first 24 hours after allowing merchants to accept stablecoin payments for online transactions on its platform, customers in more than 70 countries made purchases with that form of payment. It is reported that. Stripe has allowed merchants in the U.S. to accept Circle-issued USDC through its online checkout page starting Wednesday (October 9), Bloomberg reported on Thursday (October 10). According to the report, Jay Shah, head of product at Stripe, said the stablecoin option will allow merchants to accept payments from all over the world. The ability to accept stablecoin payments from customers around the…

“Uptober” remained elusive as major cryptocurrencies slumped after better-than-expected inflation data poured cold water on hopes for further interest rate cuts by the Federal Reserve. Cryptocurrency Rise +/- Price (Recorded at 9:15 PM EDT)Bitcoin BTC/USD-0.75%$60,135.24Ethereum ETH/USD +0.75%$2,382.33 Dogecoin DOGE/USD -1.37%$0.106 What happened: Bitcoin fell below $58,000 during the trading session, but almost recouped all its losses overnight. The world’s largest cryptocurrency is down 1.16% this week and down 8% since the beginning of October, but the month has averaged more than a 20% return for King Crypto. It is likely that the market was affected by the higher-than-expected consumer price…

Timothy Morano October 11, 2024 02:29 BNB Chain will be a highlight of Binance Blockchain Week Dubai 2024, with a focus on accelerating early-stage blockchain projects through the BNB Incubation Alliance. The upcoming Binance Blockchain Week Dubai 2024 will feature the BNB Chain, with BNB Incubation Alliance (BIA) at the center. According to the BNB Chain Blog, this event provides an important opportunity for the Web3 community to collaborate and foster the growth of early-stage blockchain projects. Event details The event is scheduled for October 31, 2024, and will take place from 10:30 a.m.…

Chinese authorities moved 7,000 ETH to exchanges in the past 24 hours. These coins are part of the 542,000 ETH seized from a cryptocurrency Ponzi scheme in 2018 and may be dumped on the market. Ethereum (ETH) was trading at $2,401 at the time of writing, after dropping nearly 2% in price in 24 hours. This decline is in line with the overall bearish mood of the crypto market, with the Fear and Greed Index falling to a seven-day low of 39, suggesting that traders are in a state of fear. But Ethereum holders have more to worry about, as…

50% Bonus Countdown enters final week, big rush to BlockDAG! TRON Dips and XRP Eyes ComebackIn this unpredictable market, stability and growth potential are key focuses for cryptocurrency enthusiasts. TRON price is holding steady at $0.1542, indicating a bearish outlook, while the community remains cautious as XRP aims to return to the $0.580 level.BlockDAG presents a remarkable opportunity for companies seeking more than short-term advantages in these volatile conditions. Its 50% bonus, valid until October 14th with the code “BDAG50,” has sparked increased interest within cryptocurrency circles. BlockDAG rapidly expanded its presale and generated over $92 million in revenue. As…

Thursday’s revelation that the U.S. Securities and Exchange Commission was pursuing crypto market maker and liquidity provider Cumberland DRW did little to sway prices.Although bellwether Bitcoin briefly dipped below $60,000 ahead of the news, the world’s largest cryptocurrency has since found its footing, according to data from CoinGecko.Perhaps that’s because there is little to fear from the SEC’s chances of success, Matt Hogan, Bitwise’s chief investment officer, told Decrypt on Thursday.”The crypto market has learned from the likes of Ripple, Coinbase, and Grayscale that there is considerable opportunity if deep-pocketed companies are willing to take on the SEC in court,”…

Analysts have identified similar bullish patterns in Dogecoin (DOGE) and RCO Finance (RCOF), fueling speculation as to which token will reach $1 first. While DOGE is showing signs of potential breakout, rising demand for RCOF and strong utility within the RCO Finance ecosystem makes DOGE a strong candidate to reach $1 sooner It is positioned as. First, let’s take a closer look at which tokens will cross the $1 mark. RCOF’s growing utilities could reach $1 faster than DOGE As RCOF’s utility and demand increases day by day, it may reach $1 before DOGE. Unlike meme coins, RCOF is an…

SINGAPORE, Oct. 10, 2024 /CNW/ — Worldwide Stablecoin Payment Network (WSPN), a leading provider of next-generation stablecoin infrastructure, and dtcpay, a leading regulated digital payments platform, have announced a strategy to revolutionize We are making history with this partnership. Access to stablecoins. For the first time ever, users can now on-ramp WUSD, a fiat-backed stablecoin pegged 1:1 to the US dollar, through dtcpay with zero fees, driving a paradigm shift in the accessibility and affordability of digital assets. Show. This groundbreaking move heralds a new era for stablecoins, breaking down barriers to entry and empowering individuals and businesses around the…