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Crypto investors are looking forward to a historically generous fourth quarter. The market correction and uncertainty of the past few months may be nearing an end. Rising institutional investor interest and favorable macroeconomic changes are increasing optimism about the potential upside. Bitcoin is expected to lead the charge, but traders are diversifying into promising altcoins. This is shown below.1. Pepe Unchained (PEPU)Pepe Unchained entered the meme coin market with a bold vision. The company is developing a Layer 2 solution aimed at alleviating the congestion that plagues major networks during peak market periods.The new Layer 2 moves token transactions to…
In this weekly roundup, we’ll cover: SEC appeals Ripple case: The SEC has filed an appeal, arguing that its recent ruling conflicts with decades of Supreme Court precedent regarding securities law. Bitwise registers XRP ETF: Bitwise is moving toward offering an XRP-focused ETF, taking its first steps in Delaware. North Korean Cryptocurrency Intrusions: A CoinDesk investigation reveals how North Korean IT employees infiltrated more than a dozen blockchain companies. CFTC Subcommittee on Tokenized Stock: A CFTC subcommittee is advancing recommendations that would allow companies like BlackRock and Franklin Templeton to use tokenized stock as collateral. EigenLayer’s EIGEN Tokens Unlocked for…
As dependence on fossil fuels declines and environmental concerns grow, there is a global movement toward sustainable energy. Despite significant advances in renewable energy technologies such as solar and wind power, the sector faces persistent challenges that impede uptake. Complex regulatory frameworks, high transaction costs and lack of transparency remain major obstacles. Within this scenario, blockchain technology has emerged as a potential transformer in the energy sector, offering solutions that can transform the way energy is traded and consumed. The New Energy Sources (NES) project aims to address these barriers by leveraging blockchain to create a decentralized energy trading platform,…
Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Popular crypto tracker Whale Alert has tracked several large XRP trades over the past day and has noticed…
BBVA plans to partner with Visa to introduce a stablecoin, which is currently in the sandbox development stage. The bank is evaluating potential backing options for the stablecoin, including deposits, money market funds, and fiat currencies. BBVA aims to apply for settlement on tokenized asset exchanges and build a stablecoin centered on the euro. BBVA, Spain’s second largest financial institution, plans to soon enter the rapidly growing stablecoin market by 2025. The financial giant is working with Visa on the Visa program’s sandbox, which aims to help companies issue tokenized assets. Francisco Maroto, head of digital assets and blockchain at…
VANCOUVER, British Columbia, October 4, 2024 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a leading vertically integrated company The blockchain data center technology company announces preliminary Bitcoin operational results for September 2024. Bitcoin Mined: 23 BTCH Shrate: 1.1 EH/s Bitcoin Holdings: 436 BTCHosting Update: DMG moves approximately 0.15 EH/s of its mining fleet to a Canadian third-party hosting provider for operational flexibility is in the process of further strengthening. As of the end of September, DMG has successfully activated and fully integrated the Bitmain T21 mining fleet into its operations. This activation…
India’s coffee industry, which plays a vital role in the country’s economy and supports millions of farmers, is entering a new era with the integration of blockchain technology. In an effort to increase transparency, traceability and operational efficiency within the coffee supply chain, the Coffee Board of India has embarked on an innovative initiative. This strategic adoption of blockchain is expected to have a significant impact on industry stakeholders, including farmers, suppliers, and consumers, by reshaping how coffee is produced, tracked, and sold across markets. . Blockchain, a distributed digital ledger, is known for its ability to securely record transactions…
With its latest initiative, the Visa Tokenized Asset Platform (VTAP), Visa aims to democratize the use of Ethereum and blockchain in banks and facilitate the issuance of fiat-backed tokens. The goal is clear. The idea is to work with leading companies like BBVA that are betting on Ethereum as the foundation for technology development to drive adoption by 2025. Visa (VTAP) and its vision for advancing cryptocurrencies and blockchain Visa has always stood out as a pioneer in financial innovation, and the integration of cryptocurrencies and blockchain represents a new chapter in its strategy. With the launch of the VTAP…
Ripple recently encountered significant selling pressure near the $0.65 resistance zone, causing a sharp decline. This move signals a possible transition to bearish dominance as price falls below the lower bound of an ascending wedge pattern. XRP may continue to fall towards the $0.5 threshold in the coming sessions. Written by Shayan daily chart On the daily chart, XRP surged towards the top of the ascending wedge and the main resistance zone at $0.65, only to face a significant rebound. This area is consistent with previous swing highs and is a formidable resistance level that has halted further price increases…
Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. The Bitcoin (BTC) community has given a big “no” to the bears looking for a massive rally. Although…