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U.S. stocks rose on Monday as fears of war in the Middle East receded and ahead of a crucial week filled with Big Tech earnings, inflation updates and a key monthly jobs report. The Nasdaq Composite Index (^IXIC), which has a high proportion of high-tech stocks, rose about 0.6%, and the S&P 500 Index (^GSPC) rose 0.5%. The Dow Jones Industrial Average (^DJI) also rose 250 points, or about 0.6%. The market was supported by Israel’s decision to limit its retaliatory attacks against Iran to military targets rather than oil and nuclear facilities, as had been feared. Oil futures fell…
Ink will launch without a native token, but will feature DeFi tools such as a decentralized exchange (DEX) and yield generation platform that can be accessed through the Kraken Wallet app. Kraken, a prominent cryptocurrency exchange, plans to launch its new blockchain platform, Ink, in early 2025. The initiative marks a strategic shift towards decentralized finance (DeFi), allowing users to trade, lend and borrow assets without intermediaries, and is a departure from previous efforts. Free yourself from Kraken’s traditional centralized operations. Ink aims to streamline DeFi access, making it more user-friendly and cost-effective. The blockchain is inspired by similar efforts…
In May 2024, Statista reported that spending on blockchain technology in Canada grew at a CAGR of 73.3% between 2018 and 2023. So why does this number seem so high? Blockchain offers benefits such as decentralization and increased security that are relevant in the modern world.In fact, a House of Commons committee said in a 2023 report that this distributed ledger technology could have long-term economic benefits for Canada, and that the government should do more to take full advantage of blockchain. He said there are many things. As you read on, you’ll discover some of the factors that contributed…
Bolivia’s Banco Bisa has introduced custody services for Tether’s USDt stablecoin, allowing customers to buy, sell and transfer assets within a regulated framework. This new service marks a step forward in Bolivia’s cryptocurrency landscape, which has previously imposed strict restrictions on digital assets. Banco Bisa’s service allows users to hold USDt and use it for various transactions, such as cross-border payments and sending money to family members. Bolivia’s financial regulator, Banco Bisa, said Autoridad de Supervisión del Sistema Financiero (ASFI) is supporting custodial services. ASFI’s Yvette Espinoza said the initiative “allows customers to carry out crypto transactions within the country’s…
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. In a rather surprising development, a transaction on the XRP Ledger resulted in the burning of 10,000 tokens,…
Kraken Blockchain is an exciting development in the world of cryptocurrency, and many are curious about its authenticity and potential. This article will explore what Kraken Blockchain is, how it operates, and its significance in the broader crypto landscape. Key Takeaways Kraken Blockchain is a new project by the Kraken exchange, aiming to expand into decentralized finance (DeFi). The exchange has a long history, starting in 2011, and has grown to become one of the largest in the world. Kraken offers various services, including spot trading, futures trading, and staking, making it a versatile platform. Legal challenges have affected Kraken,…
During Hong Kong FinTech Week, we interviewed Chainlink co-founder Sergey Nazarov and talked about not only blockchain, but also AI, of course. Chainlink’s new tools The Chainlink protocol released Blockchain Privacy Manager a few weeks ago, a tool used to make transactions even more private. Along with this tool, Chainlink also recently announced CCIP, which performs cross-chain transactions that protect the privacy of senders and receivers, thanks to the fact that it can be combined with the aforementioned blockchain tool Privacy Manager. CCIP stands for Chainlink Crosschain Interoperability Protocol and is the only protocol that connects Web3’s public blockchain and…
Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), aims to approve additional licenses for digital asset exchanges by the end of 2024 after a detailed five-month evaluation process. What Happened: The announcement, made by Eric Yip, executive director of intermediaries at SFC, at a FinTech Week event solidifies the company’s position as a prominent hub for digital assets after recent political turmoil. This reflects Hong Kong’s efforts to “Applicants and their administrators have largely adopted our feedback and have shown a willingness to invest resources in line with regulators’ expectations,” Yip said, according to a Bloomberg report. The…
Solana surpassed Ethereum in daily network fees. According to DefiLlama data, Solana generated more than $2.54 million in fees in the past 24 hours, surpassing Ethereum’s $2.07 million as of October 28. This makes Solana the fifth largest blockchain by fee income in the crypto market. Solana’s growth is primarily due to the high activity of Raydium, a leading decentralized exchange (DEX). Raydium alone generated $3.41 million in fees in just one day. Solana is often considered an “Ethereum killer” due to its monolithic approach to scaling and ability to maximize transaction throughput while reducing costs without the need for…
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. Dogecoin (DOGE) price is injected with bullish momentum. Following last week’s health correction, it has started moving towards…