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Bitcoin’s dominance, an indicator that measures the market share of virtual currencies, is currently approaching 60%.Despite no season in sight for altcoins, they have risen nearly 10% in the past month alone.The flagship cryptocurrency currently enjoys the largest market share since April 2021. At that time, Bitcoin’s market share collapsed by 16.64% in less than a month.In September 2022, Bitcoin’s dominance briefly fell below 40% during a severe bear market, reaching a local low of 38.84%.Bitcoin’s dominance may further increaseNow, the king of cryptocurrencies is ruling the roost once again, and it doesn’t look like he plans to cede his…

Tesla billionaire Elon Musk, who surprised traders this week with his shocking support for Bitcoin, has repeatedly warned in recent weeks that the United States is on the brink of “bankruptcy.” $3,000 that gives you unparalleled access to Web3’s community of top entrepreneurs, creators, investors, premium networking, priority access to global events, free access to Forbes.com and Forbes CryptoAsset & Blockchain Advisor newsletters, and more Get more benefits. Apply now! Bitcoin prices have soared this year as concerns about a skyrocketing $35.7 trillion debt mountain pushed gold prices to record highs and the Federal Reserve fell into a “nightmare” scenario.…

According to Ethereum community member Ryan Berkmans, Solana cannot serve as the backbone of the so-called “new” global financial system. Solana (SOL) has moved from its original “monolithic” approach to recognizing the importance of layer 2 solutions. However, Berckmans points out in X that Solana initially pitched itself as being able to process global transactions on a single chain. This was before L2 solutions were rebranded as “network extensions” rather than being recognized as L2. Solana increasingly embraced Ethereum’s (ETH) L2 backbone strategy after seeing flagship applications building custom L2 app chains on their networks. This shift in perspective became…

According to ChainCatcher news, Tether recently issued a strong statement on its official website criticizing the Wall Street Journal’s irresponsible reporting: “The Wall Street Journal does not provide public confirmation from authorities nor disclosure of sources. “This is extremely irresponsible.” Although these stories are based on pure speculation, this report also states that Tether and others It inadvertently obscures Tether’s documented extensive cooperation in combating bad actors seeking to exploit cryptocurrencies. ” The Wall Street Journal previously reported that Tether could face penalties if it does business with entities on the US sanctions list.ChainCatcher reminds readers to look at blockchain…

In a ChainCatcher message, regarding the question “Why does the Ethereum Foundation not stake its ETH holdings and only use the proceeds to cover costs?”, Vitalik Buterin answered on X: ‘Official selection’ in controversial hard fork event. There are some interesting ideas being considered regarding this issue. It’s about offering some grants in the form of “you can stake your ETH and choose how you stake it, as long as it’s ethical and maintains upward momentum.” Another way to address this issue is to spread legitimacy and resources to more actors, allowing multiple organizations to trust and represent Ethereum in…

Tron has recently emerged as the biggest earner in all cryptocurrencies, beating rivals Ethereum and Solana, which cannot match Tron’s earning power. Another leading cash generator is Rollblock (RBLK). Rollblock (RBLK) is a highly disruptive crypto casino that is expected to return an astonishing 100x this cycle thanks to its huge potential to penetrate the online gambling sector. Let’s take a look at the details… Tron (TRX) overtakes Ethereum and Solana in revenue during summer meme boom Thanks to this year’s impressive meme coin boom, Tron’s Q3 2024 revenue is reported to have increased by 6%. This helped Tron achieve…

James Din October 27, 2024 11:02 EOS Network Foundation introduced Spring 1.0 and the Savanna consensus algorithm, promising advances in finality, scalability, and security for the EOS blockchain. In a recent development, EOS Network Foundation launched the Spring 1.0 release with the new Savanna consensus algorithm. According to eosnetwork.com, this release marks a significant advancement for the EOS blockchain and aims to address previous limitations and improve performance. Introduction and background Spring 1.0, released on September 25, 2024, represents a significant milestone for EOS. This update includes the Savanna consensus algorithm, which was developed…

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. Traditional finance has been failing for a long time, but its cracks have always been ignored. Under current economic challenges, these cracks are finally becoming apparent, and the shortcomings of the traditional financial system can no longer be overlooked. Currently, approximately 1.4 billion people remain unbanked. About a quarter of the world’s population is left behind by industries that thrive through exclusion and inefficiency. Traditional financial institutions continue to exclude those without documentation, credit history, and…

Ripple’s payment network and cryptocurrency XRP provide an infrastructure for cross-border transactions that replaces traditional banking…(+)NurPhoto (from Getty Images) Ripple is a digital payments network and protocol started in 2012 by Chris Larsen and Jed McCaleb. The network uses XRP as its native cryptocurrency and enables fast and low-cost international money transfers and currency exchange. Ripple focuses on serving banks and financial institutions by replacing traditional cross-border payment systems like SWIFT. XRP stands out from other cryptocurrencies through its unique consensus mechanism and business model. While most cryptocurrencies use mining to verify transactions, the XRP coin was pre-mined at launch…

Roslyn Leighton I’ve been covering international technology policy for years, and the emergence of crypto technology is an example of how easily the media can mishandle innovation. Perhaps this is not intentional bias, but a lack of understanding that can be captured and manipulated by those who truly want to stop the advancement of destructive technology.The digital asset market is one of the fastest growing markets in the world, with its value consistently hovering around $1 trillion. Using underlying cryptographic technology, the blockchain industry is rapidly building solutions that have the potential to revolutionize payments, capital formation, contracts, data privacy,…