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VANCOUVER, British Columbia, Oct. 28, 2024 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a leading vertically integrated company The company, a blockchain data center technology company, has acquired Reactor.xyz from Navier, Inc. (“Navier”), a prominent provider of custom data center deployments specializing in digital asset mining and artificial intelligence (AI). (“Reactor”). Reactor is a highly optimized solution for automating and managing hashrate contracts. What is particularly unique about this software, which has several patent applications, is the balancing algorithm that guarantees hashrate delivery. Hashrate contracts allow Bitcoin miners, who would normally sell…

HONG KONG, Oct. 28, 2024 /PRNewswire/ — RD InnoTech Limited (RD InnoTech), a subsidiary of RD Technologies Group, is steadily advancing the issuance of the HKDR stablecoin. From the outset, RD InnoTech has focused on ensuring HKDR complies with strict regulatory standards while preparing for seamless market entry to support international payments and cross-border transactions. I did. On July 18, 2024, RD InnoTech was admitted to the Hong Kong Monetary Authority’s (HKMA) stablecoin issuer sandbox, establishing an important framework for future compliant operations. RD InnoTech plans to deploy the HKDR stablecoin on Ethereum in the future. RD InnoTech chose Ethereum…

Solana price today: $178 Solana posted its third straight day of gains on Monday, with the price still less than 10% off its July high of $193.98. Trading volume on Solana’s decentralized exchange was nearly double that of Ethereum last week. According to technical indicators, Solana could extend its rally to retest July highs. Solana (SOL) rebounded from an intraday drop on Friday to near $160 over the weekend and is trading at $178.04 at the time of writing on Monday. The Solana blockchain’s native token is expected to rise further as on-chain indicators and technical charts support the bullish…

12 hours 30 minutes ▪ 3 minutes to read ▪ Written by Michael A. If there’s one successful startup in the cryptocurrency business, it’s Tether. Despite ongoing research, USDT issuers continue to have strong scores in terms of asset reserves. At the third annual Plan₿ Forum held in Lugano, the company’s CEO Paolo Ardoino revealed details of its reserves and unveiled its diversification strategy to ensure financial stability. However, these announcements are not enough to allay concerns about the company’s transparency practices. Tether: a diversified but controversial reserve fund Latest USDT News: Tether’s reserves include 82,454 Bitcoins worth $5.58 billion…

Mr. Das attended the 39th International Banking Seminar in Washington DC and made a powerful statement. Stablecoins are seen as a threat to India’s sovereignty in managing its monetary system. Speaking at a G30 event, Das said he had “very strong concerns” about stablecoins posing a new threat to national monetary systems. The governor said that stablecoins, which are centralized digital currencies backed by fiat currencies, are private money, creating “low reverse repo rates” and weakening India’s payments infrastructure by privatizing the government’s role in the payments system. It was pointed out that this could cause confusion. As if to…

Bitcoin super cycleAlice Liu The world of cryptocurrencies is witnessing a seismic shift as the digital asset pioneer Bitcoin breaks away from its long-established four-year cycle in favor of a so-called “supercycle.” Deviations from this norm are not only meaningful, but potentially revolutionary. Traditionally, Bitcoin price movements have been closely tied to halving events, creating a predictable pattern that investors rely on. However, recent developments suggest we are entering uncharted territory. In late 2023, Bitcoin’s price trajectory took an unexpected turn, skyrocketing from the $20,000 range to over $30,000. What’s notable is the timing. This bullish momentum coincided with expectations…

Paxos is on a mission to open up the financial system by making it possible to instantly move assets in a reliable way. We have long believed that the power of stablecoins is a key part of that mission. That’s why we’re excited to share more details about our new stablecoin payment features. Why payment providers choose stablecoins Stablecoin payments benefit payment providers, marketplaces, software platforms, and retailers across the entire payment flow. Reach new audiences Stablecoin payments make it easier to reach customers around the world and navigate the complexities of international payments with a single, borderless payment option…

If LUNA has taught us anything, it’s that stablecoins aren’t always safe. But two years after Terra’s catastrophic collapse, companies like stablecoin giant Tether are unlikely to blame the industry. Or can it?According to the Wall Street Journal, the US federal government is investigating Tether for allegedly violating sanctions and anti-money laundering laws. Specifically, Manhattan prosecutors are investigating whether Tether was used to support illegal activities such as drug trafficking, terrorism, and hacking.The Treasury Department is also investigating sanctions against Tether, given its popularity among U.S.-sanctioned organizations such as Hamas and Russian arms dealers. The study comes on the heels…

Disclosure: The views and opinions expressed herein are solely those of the authors and do not represent the views and opinions of crypto.news editorial. The adoption of blockchain technology has increased significantly over the past decade, evolving from a niche interest to a transformative force in finance and other fields. However, despite its promise, mainstream investors remain hesitant to fully embrace blockchain’s potential. Whether it’s due to instability, lack of trust, or the complexity of a decentralized environment, one thing is clear. That is, blockchain has implementation problems. But the missing link that could accelerate mainstream adoption is already within…

ChainCatcher News, Tether CEO Paolo Ardoino posted on the X Platform that yesterday at Lugano Plan ₿, a preview of Tether’s Local AI development kit was shown off. This kit is privacy-centered, supported by peer-to-peer technology, and once you code, you can use everything from a $40 cell phone to a flagship smartphone, from a laptop to a large machine with multiple H100s, to a smart refrigerator. It can be done anywhere, even in cars. entertainment system. Tether’s AI SDK is highly modular and uses support for any model (Marian, Llama, etc.) to load/save weights and fine-tune data in P2P…