Author: admin
Cryptocurrency prices on Thursday sparked bearish sentiment among market watchers around the world. The price of Bitcoin (BTC) fell to the $60,000 level over the past day, while Ethereum (ETH), Solana (SOL), and XRP mostly traded in red territory. The decline in this movement coincides with the massive crash looming after the PlusToken scam. At the same time, the global cryptocurrency market capitalization fell by 1.94% in the past 24 hours to $2.13 trillion. In addition, the total market value decreased by 2.91% to $67.22 billion. Here is a quick report on some of the top cryptocurrencies by market capitalization…
Written by Niket Nishant(Reuters) – U.S. venture capital investors remain cautious about closing deals amid economic uncertainty, according to a PitchBook-NVCA report released on Thursday. Issues became apparent.Approximately $37.5 billion in deals were completed in the third quarter ended Sept. 30, down nearly 32% from the previous quarter, the report said.Limited liquidity has led investors to negotiate tougher terms for startups, leading many to postpone fundraising until conditions improve.This report highlights the challenges in the VC space, as attention is focused on large rounds of artificial intelligence companies.“AI companies are gaining the most attention in the venture industry,” the report…
Ethereum, the brainchild of Vitalik Buterin, has revolutionized the world of cryptocurrencies since its inception. As the end of 2024 approaches, Ethereum continues to be a topic of intense debate and analysis in both the crypto and traditional financial worlds. Let’s take a look at the current state of Ethereum, recent developments, and market performance.Vitalik Buterin: Nobel Prize Candidate?In an unexpected turn of events, Ethereum co-founder Vitalik Buterin has been named as a candidate for the 2024 Nobel Prize in Economics. This insight was discussed in a podcast by respected economists Tyler Cowen and Alex Tabarrok, authors of Marginal Revolution.Cowen…
The XRP Army has actively participated in the legal battle between Ripple and the US Securities and Exchange Commission (SEC), showing support for the crypto payments company with a new petition. A petition highlighting the SEC’s harmful enforcement practices with new complaints has already gathered thousands of signatures from various community members. XRP Army launches petition against SEC The XRP army, made up of millions of Ripple supporters, XRP investors, and casual enthusiasts, is uniting to counter the SEC’s latest legal attack on Ripple. On October 2, the regulator filed an appeal of Judge Annalisa Torres’ 2023 ruling that determined…
As part of a significant development in the cryptocurrency trading market, Remitano has expanded its operations into the Open Network (TON) blockchain. With this expansion, the platform will introduce a new mini-application called Remitano Lite, which will allow users to transact directly through Telegram. This integration is in line with the increasing focus on providing reliable and accessible services within the rapidly evolving TON ecosystem, enhancing the overall cryptocurrency trading experience. Remitano’s new venture using TON blockchain Remitano is known as a popular peer-to-peer (P2P) cryptocurrency trading platform that has built a reputation for its secure and user-friendly services for…
Elliott wave analysis Trading Lounge daily chart, DOGE/USD Elliott Wave Technical Analysis Function: Counter trend. Mode: Fixed. Structure: double orthodontic. Position: Wave Y. Next highest degree direction: impulse wave (II). Details: Wave (II) may not be completed and the price may fall below 0.076. Dogecoin/USD (DOGEUSD) Trading Strategy: The overall picture is short-term as this is a 5-wave retracement of wave (C), which is in the final stages of wave Y and is likely to test the 0.076 level. Retracement before the next rally. Dogecoin/USD (DOGEUSD) Technical Indicators: Price is below MA200, indicating a downtrend. The wave oscillator has bearish…
Gate.io, a well-known cryptocurrency exchange, has made a $10 million investment in The Open Network (TON) blockchain. This strategic move aims to strengthen our collaboration with the TON Foundation and accelerate the growth of Telegram-based projects within the Web3 ecosystem. With this significant investment, Gate.io is set to play a pivotal role in shaping the future of TON and expand its involvement in blockchain governance and development. Strengthening the TON ecosystem with new products Gate.io’s investment in TON has the clear intention of launching new products that integrate directly into the Telegram platform. The company is preparing to introduce a…
The Securities and Exchange Commission of Thailand (SEC) proposes new regulations to allow investment in digital assets by mutual funds and private funds to keep pace with international developments and address growing interest from institutional investors. did.A draft proposal published on Wednesday seeks public comment on revised standards for funds investing in digital assets.The SEC is proposing to allow brokerage firms and asset management companies to offer services to large investors interested in diversifying their investments in crypto-related products such as exchange-traded funds. The regulator said it aims to keep pace with international developments in digital assets and increase opportunities…
Written by Uncle BanerjeeSINGAPORE (Reuters) – Asian shares rose from Chinese stocks on Thursday as the People’s Bank of China launched a 500 billion yuan loan facility to stimulate capital markets, but the dollar weakened ahead of U.S. inflation data later in the day. The price remained near the highest price in two months. .The People’s Bank of China (PBOC) has begun accepting applications from financial institutions to participate in a newly created funding scheme announced on September 24 as part of a series of economic stimulus measures that boosted Chinese stocks. Then he announced.China’s blue-chip CSI300 index rose 1.7%…
TOKYO (AP) — Asian stocks were mostly higher Thursday as market optimism grew after a record high on Wall Street. Japan’s benchmark Nikkei Stock Average rose 0.4% in morning trading to 39,439.50 yen. Australia’s S&P/ASX 200 rose 0.6% to 8,239.10. South Korea’s Kospi rose 0.3% to 2,601.66. Hong Kong’s Hang Seng rose 2.4% to $21,127.55 after the previous day’s volatility. Earlier this week, the index fell more than 9%, its worst loss since the 2008 global financial crisis. The Shanghai Composite Index rose 2.0% to 3,324.61. Chinese stocks soared on hopes of stimulus to prop up the world’s second-largest economy,…