Author: admin

Major cryptocurrencies were flat on Tuesday, with Ethereum posting modest gains as falling oil prices boosted momentum. Cryptocurrency +/- Price Rise (Recorded at 9:45pm EDT) Bitcoin BTC/USD -0.28%$$62,418.83 Ethereum ETH/USD +1.23%$2,463.51 Dogecoin DOGE/USD -0.60%$0.1087 What happened: Bitcoin soared above $63,000 as the market opened, but that rally quickly reversed and the cryptocurrency’s top became unstable in the low $62,000 zone. Ethereum traded sideways for most of the day before an overnight rally pushed it up to $2,470. Total crypto liquidations in the past 24 hours amounted to nearly $140 million, with long-term liquidations accounting for over 60% of the total.…

Scroll, the leading Ethereum Layer 2 (L2) network, has announced plans to launch its native token, SCR, marking an important milestone in the project’s development. The announcement, made on October 8, 2024, outlines the token distribution strategy and its role in Scroll’s decentralization efforts.As a zero-knowledge (ZK) rollup, Scroll competes with other L2 solutions such as ZKsync Era and Starknet. According to L2Beat, the project has garnered a lot of attention since its launch in 2023, boasting $1.2 billion in total value locked (TVL) at the time of writing.SCR token: a step towards decentralizationScroll describes the launch of the SCR…

However, this admission is not necessarily decisive. Todd, who is a vocal supporter of Ukraine and Israel on his X Feed, is known for bringing up the “I’m Satoshi” claim as a show of solidarity with creators’ demands for privacy. In an email to CoinDesk before the documentary’s release, Todd reportedly denied being the founder of Bitcoin, saying, “Of course I’m not Satoshi.” If Todd is widely accepted as the founder of Bitcoin, the revelation would end more than a decade of speculation about the identity of the man behind the global multibillion-dollar boom in digital currencies. Probably. It also…

XRPUSD Reaction to BlackRock FUD in November 2023 Will the SEC approve an XRP Spot ETF? The SEC filed a notice of appeal on October 2nd, and the agency will likely challenge the XRP programmatic sales ruling. Given XRP’s reaction to the recent ETF filing, investors likely expect the SEC to delay approval until the appeal is finalized. Nevertheless, the latest filing highlights the growing confidence in XRP and investors’ expectations that the SEC will not be able to overturn the programmatic sales ruling. Crypto.com made headlines on Tuesday as the SEC moves forward with its appeal of the ruling…

Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty ImagesStocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox.Here’s what CNBC TV producers were watching as stocks rallied on Tuesday, and what they’re watching for next.costco wholesaleThe members-only store will release September sales figures on Wednesday at approximately 4:15 p.m. ET. Costco stock is down 3.6% from its September 13 high and…

Investors are turning to altcoins for the best returns in 2024 like Dogecoin. As Dogecoin (DOGE) is perceived as an explosive coin, investors tend to look to other meme coins and cheaper tokens as opportunities for similar explosive returns. SAGA, DEGEN, SUI, and ETFSwap (ETFS) are the top altcoins looking to make the biggest gains this year. However, ETFSwap (ETFS) is considered a standout stock with a broader market environment supporting its growth.ETFSwap (ETFS) is expected to rise in 2021 similar to Dogecoin (DOGE)ETFSwap (ETFS) is one of the best altcoins that can offer features similar to the legendary run…

The South Korean government plans to extend foreign exchange regulations to cross-border transactions, including dollar-pegged stablecoins. The Ministry of Economy and Finance announced today that it is considering measures to ensure the stability of stablecoin transactions. The ministry noted that beyond its role in the cryptocurrency ecosystem, stablecoins are increasingly used for cross-border transactions, and their global transfer capabilities may require different rules. . South Korea’s Financial Services Commission (FSS) plans to prioritize the regulation of stablecoins in the next phase of the country’s Virtual Asset User Protection Act. The FSS plans to consult with international regulators, including Japan and…

On October 7, 2024, Tether celebrates its 10th anniversary as a leading digital asset company, serving more than 350 million users worldwide and with a stablecoin USD₮ market capitalization of $120 billion. It’s approaching.Since its founding in 2014, Tether has played a key role in digital finance by introducing the first stablecoin USD₮ pegged to the US dollar. It provides a stable alternative to volatile markets and has become the most widely used stablecoin across various blockchains and exchanges.Tether has experienced significant growth, with its user base increasing by 24% in 2024 alone due to integration with blockchains such as…

Ripple recently conducted multiple burns of its Ripple USD (RLUSD) stablecoin after minting approximately 50 million RLUSD last week. This round of burns comes as Ripple is warning its community about scammers trying to exploit the project, which is still in beta. Ripple remains focused on keeping the launch secure while continuing to test new stablecoin initiatives.Ripple stablecoin project enters beta versionThe blockchain giant, known for launching XRP in 2012, is currently testing RLUSD, a stablecoin pegged to the US dollar and backed by cash reserves. Although there has been on-chain activity, RLUSD is not yet available for purchase or…

Bitcoin staking protocol Babylon raised approximately 23,000 BTC during its second staking round on Tuesday. This is a much larger amount than in the first wave, and Bitcoin fees did not skyrocket this time, resulting in a much smoother experience for network users.Babylon co-founder and Stanford University professor David Tse, who helped launch the staking startup’s mainnet six weeks ago, told Decrypt that the round, called Cap-2, “went pretty well.” Ta. He said in an interview Tuesday that users delegating $1.4 billion in Bitcoin to the protocol was “certainly beyond expectations.”Babylon has built a two-sided market rooted in Bitcoin reserves.…