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Dogecoin DOGE/USD is soaring in trading on Monday after Elon Musk called it the top of the meme coin. What happened: At Donald Trump’s controversial rally at Madison Square Garden on Sunday, Musk was introduced as the “co-founder of the Department of Government Efficiency,” a direct reference to the ticker “DOGE.” . “The Department of Government Efficiency will solve it,” he said in his remarks, again referring to DOGE. Cryptocurrency trader Kaduna believes that if Donald Trump wins the presidency, there will be more emphasis on Musk’s Department of Government Efficiency, which could bring the topic to a nationally televised…
Over 300,000 ETH has been withdrawn from exchanges in the past week alone. ETH price continues a slight upward trend. Ethereum (ETH)’s recent price movement around $2,500 comes in response to a significant decline in foreign exchange reserves. The decline highlights a potential shift in investor sentiment. A decline in foreign exchange reserves often indicates that investors are moving their holdings off exchanges. This movement typically indicates a long-term holding strategy rather than an intent to sell. This change could be essential in stabilizing the price of ETH and shaping its future performance. Over $4 billion of Ethereum to be…
advertisement Matt Hamilton, a former Ripple executive and crypto enthusiast, has suggested that XRP could soon surpass Bitcoin as the dominant cryptocurrency. On a recent ‘Mr. YouTube’s ‘M Podcast’, Hamilton had a lively discussion with long-time Bitcoin advocate DaVinci Jeremy about the future of these two prominent digital currencies. As an avid supporter of XRP, Mr. Hamilton highlighted several key advantages that he believes will lead to greater success for XRP compared to Bitcoin. “XRP was developed to solve some of the problems faced by Bitcoin, especially regarding scalability and energy usage,” he said. He pointed out that using the…
US-based cryptocurrency exchange Coinbase is now the official cryptocurrency platform and blockchain partner of the NBA’s Golden State Warriors and their home court, Chase Center. The NBA said in a statement that the deal will give Coinbase a prominent position at Chase Center, making the company’s brand more visible on-air and in the arena. The partnership will provide fans with season-long access to on-chain experiences and limited edition merchandise, as well as additional benefits for those who sign up for a Coinbase account. Fans attending home games against the Memphis Grizzlies on January 4th and the Milwaukee Bucks on March…
Cryptocurrency payment solutions provider Alchemy Pay has announced plans to launch a layer 1 blockchain. Announced on Monday (October 28), Alchemy Chain is built on a scalable Solana Virtual Machine (SVM) architecture to support the growing needs of Alchemy Pay’s business operations and integrate crypto and fiat currencies. Designed to integrate payments. “Alchemy Chain is positioned to become a foundational part of the evolving payments landscape by enabling seamless interaction between blockchain-based transactions and off-chain storage,” the company said in a news release. “The ultimate goal is to establish a system where fiat currencies and cryptocurrencies coexist frictionlessly, making cross-border…
The New York Jets continued their 2024 NFL season despite losing 25-22 to the New England Patriots in Week 8. In every game, it was a total team effort. Personally, for better or for worse, certain players stand out. That was the case Sunday at Gillette Stadium. So, here’s JetsWire’s stock report after the Jets’ loss to the Patriots (2-6) (2-6): Stock down: WR Davante Adams (Getty) There are layers to every trade that happens in the NFL, but acquiring Davante Adams looks ridiculous at this point. The Jets are 0-2 since acquiring Adams from the Las Vegas Raiders and…
=nil;The Foundation has appointed a new CEO to lead Layer 2 efforts to advance scaling technology on Ethereum. During this period, the Ethereum ecosystem has seen much more use of such networks.Avi Zurlo is the CEO of the foundation behind =nil. (also known as Nil) leverages the power of zkSharding technology to further its mission of increasing transaction speed and throughput (number of transactions processed per second) on Ethereum. His term began Monday.“If you believe that Bitcoin has the potential to replace or become a significant competitor to gold, or that stablecoins have the potential to continue to grow until…
Important points: Codius aims to significantly increase the scalability and versatility of XRPL by enabling off-chain smart contracts. The XRP Ledger ecosystem benefits from interoperability with other blockchains. Codius’ language flexibility extends developer engagement across industries. In a promising development for the XRP Ledger ecosystem, former Ripple CTO Stephen Thomas recently announced that he is working on a new version of Codius, an open source smart contract hosting platform. First proposed in 2014, Codius was aimed at running decentralized applications (dApps) with a more scalable and flexible contract execution model compared to traditional blockchain implementations. The new version brings great…
Blockchain has become a buzzword recently. This is the basis of cryptocurrencies and many people are discussing turning to it to improve their digital security. It is also driving innovation across many industries, including healthcare, finance, and supply chain management. But what does it take to become a blockchain developer? And is it a viable career choice? Here’s everything you need to know if you’re considering a future in this rapidly growing field .Blockchain developers design, implement, and maintain blockchain systems, including decentralized applications and smart contracts. Developers typically specialize in a specific area with a focus on architecture and…
As industries such as business and finance continue to invest in digital transformation, this trend has increased interest in digital assets, including cryptocurrencies. The Forbes article points out that the crypto market has soared in recent months, showing a strong turnaround after a tumultuous 2023. Despite global economic challenges such as inflation, popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) have seen significant increases in price and market capitalization. It has risen, showing renewed confidence and interest in the crypto market.In addition to encouraging individuals to invest in the market and conduct financial transactions using digital…