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Ethereum Layer 2 Solution Optimism is among the top 10 fastest growing ecosystems. Solana, BNB Chain, and Polkadot also show notable development activity. This overall growth trend is a strong indicator of the future of the cryptocurrency industry. Ethereum Layer 2 Solution Optimism is among the top 10 growing ecosystems. According to Santiment data, Solana, BNB chain and Polkadot also recorded significant growth. This positive trend is a strong indicator of the future of the industry. Optimism leads the pack with a significant increase in development activity of 45.6%. Closely followed are Avalanche and Arbitrum, which also showed strong growth…

Tether is facing a criminal investigation and U.S. sanctions, according to the Wall Street Journal, and the company’s CEO criticized the report on social media on Friday.Tether CEO Paolo Ardoino took to social media to deny reports that the company is facing criminal investigation over allegations that its cryptocurrency is popular with drug traffickers and terrorists.“As we told[The Wall Street Journal]there is no indication that Tether is under investigation,” he wrote on Friday afternoon. “WSJ is regurgitating old noise. Full stop.”Federal prosecutors in Manhattan are investigating the use of a stablecoin bearing Tether’s name to finance drug trafficking, terrorism and…

advertisement The US Department of Justice has launched a criminal investigation into stablecoin issuer Tether, according to a report on Friday. The investigation reportedly aims to determine whether the company violated anti-money laundering rules and sanctions. Bitcoin was on the verge of surpassing $70,000, but the investigation into Tether caused the cryptocurrency’s price to plummet. However, Tether CEO Paolo Ardoino refuted claims that US law enforcement is investigating the cryptocurrency company. Is Tether facing a Justice Department probe? The Wall Street Journal reported Friday that the federal government is investigating Tether for violating sanctions and anti-money laundering rules, citing unnamed…

Ripple (XRP) has fallen sharply due to the backlash in the virtual currency market. Meanwhile, RCO Finance (RCOF) is aiming for a higher price after launching the third phase of its pre-sale. The recent retracement in the cryptocurrency market has sent Ripple (XRP) into red territory. As a result, even die-hard supporters of this top 10 cryptocurrency are turning to alternative investments. Surprisingly, the token that stole the show from XRP is RCO Finance (RCOF), an upcoming Ethereum-based pre-sale altcoin. Why is RCOF Finance XRP the current frontrunner? And can it beat this popular coin? Read on to find out.…

A Wall Street firm significantly raised its price target for Nvidia stock. Nvidia (NVDA 0.80%) has been a stellar performer on the stock market in 2024, up nearly 180% as of this writing. This comes as the company has recorded solid growth in recent quarters due to strong demand for graphics cards deployed in artificial intelligence (AI) servers. The company’s median 12-month price target of $150, according to the 64 analysts covering Nvidia, suggests only a 9% upside from current levels, suggesting there isn’t much upside. . However, Bank of America recently raised its price target for Nvidia from $165…

Wall Street bid farewell to a six-week winning streak at Friday’s market close as Treasury yields rose and investors grappled with high valuations amid mixed earnings. One of the biggest losers on Friday was Capri Holdings, which lost nearly half its stock value after a federal judge blocked the acquisition by Tapestry. S&P 500: 5,808.12 ⬇️ down 0.03% Nasdaq Composite: 18,518.61 ⬆️ up 0.56% Dow Jones Industrial Average: 42,114.40 ⬇️ down 0.61% STOXX Europe 600: 518.81 ⬇️ down 0.033% CSI 300: 3,956.42 ⬆️ 0.70% increase Nikkei average: 37,913.92 ⬇️ 0.60% down Bitcoin: $66,748.76 ⬇️ 2.08% down US: Nasdaq rises on…

Bitcoin bull Michael Saylor is using his company’s treasury investment strategy to increase the likelihood that Microsoft will become a Offered to help make trillions of dollars.The billionaire founder of software company MicroStrategy made the proposal in a letter to Microsoft CEO Satya Nadella (also known as X) on Twitter on Friday. The tweet came after news broke on Thursday that Microsoft shareholders were scheduled to vote on a proposal to have the tech giant invest in Bitcoin as a financial reserve asset. Microsoft’s board called on shareholders to vote against the idea.Thaler’s company, MicroStrategy, began investing in Bitcoin in…

This week saw a flurry of big-name company gains in the stock market, most of which failed to meet analysts’ modest expectations. About 74% of S&P 500 companies have exceeded earnings estimates to date. However, the overall profit growth rate, which includes previously released reports and on-paper estimates, was 3.4%, lower than the 4.2% estimate. According to FactSet, the growth rate for the companies listed so far is 3.1%. Other than electric car maker Tesla, tobacco company Philip Morris and cloud-based IT service management company ServiceNow, most of the 110 or so companies that reported results this week had a…

Blockchain video games you need to knowSeveral blockchain games have attracted widespread attention due to their unique game economies and digital assets. For example, Axie Infinity allows players to earn tokens through combat and breeding digital creatures called Axies. CryptoKitties allows players to buy, sell, and breed unique digital cats. Another standout is The Sandbox, a virtual world where players can create, own, and monetize their experiences using blockchain. These games are redefining the boundaries between entertainment and finance, and entire in-game economies have emerged where players can profit through gameplay.Who is playing blockchain video games?Initially, blockchain games attracted technology…

Meme-based cryptocurrencies are making waves again. Iconic tokens inspired by famous dog breeds continue to dominate the scene. Still, the rookie is stirring up excitement with an impressive early sale. In this article, we reveal which digital coins are poised for growth and are of interest to investors and enthusiasts looking to find the next big opportunity. DOGEN: The ultimate meme token for real alphas who always win Imagine living the life of your dreams: luxury cars, lots of cash, and attention-grabbing women. That’s the DOGEN lifestyle! If you’re the type of person who likes to level up all the…