Author: admin
Kraken, one of the most prominent cryptocurrency trading platforms, is on track to launch its own blockchain called “Ink,” Bloomberg reported Thursday. According to the report, a team of 40 people is currently busy developing the chain. The exchange will follow in the footsteps of arch-rival Coinbase, which opened its Base blockchain to the public last August. According to data provided by DefiLlama, Base is the fifth largest blockchain by total value locked (after Ethereum, Tron, Solana, and BSC).Ink’s testnet is expected to begin this year, Bloomberg reports. It is expected to be publicly available in Q1 2025. related Blockchain…
BlueSky, the social media platform that has grown rapidly since Elon Musk acquired Twitter, has raised $15 million in a funding round led by a cryptocurrency-focused venture capital firm, the company announced Thursday. .But that doesn’t mean the social media network plans to embrace digital assets. The Series A funding round was led by Blockchain Capital, a venture firm with investments in OpenSea, Kraken, and Coinbase. Several other crypto-related venture firms also participated in the funding round, including SevenX, True Ventures, and Alumni Ventures.Nevertheless, the social media startup has vowed not to “hyper-financialize” Bluesky’s “social experience” by integrating crypto tokens,…
Dogecoin community interest is growing, as evidenced by the growth in active addresses reaching 764,840 over the past month. The market value to realized value (MVRV) ratio has improved, indicating that long-term holders are regaining confidence in DOGE’s price potential. Dogecoin (DOGE) price continued its bullish rise for the third consecutive week and was able to maintain above its 200-day exponential moving average. As expected, this upward trend has sparked a lot of interest in the Dogecoin community. Moreover, market analysts predict that an uptrend for the dog-faced meme coin is imminent. Dogecoin price mimics historical trends Analysts have been…
Solana co-founder Anatoly Yakovenko showered praise on the critical infrastructure pioneered by Ethereum, despite the obvious conflicts between both protocols. Solana founders stated on their official X account that they like the design and vision of Ethereum. Can Solana learn from Ethereum? The design of most blockchain protocols is often aimed at fixing some flaws in existing rivals. The same applies to the underlying chains of ETH and SOL. Many in the cryptocurrency ecosystem consider Solana to be a major Ethereum killer given its speed and low cost. To regain its edge, Ethereum has evolved with a number of Layer…
Kraken is looking to replicate Coinbase’s success with the Base blockchain by building its own Ethereum Rollup. Joins Sony, Uniswap, and World in the Optimism “superchain.”Kraken, one of the largest U.S. cryptocurrency exchanges, is building its own blockchain, the company announced Thursday.That blockchain, Ink, will be an Ethereum rollup, a blockchain built on top of Ethereum that offers faster and cheaper transactions.Ink makes Kraken the latest exchange to offer millions of customers a way to do business “on-chain.”Most people who own and trade cryptocurrencies rarely interact directly with blockchain-based applications. Instead, they let centralized exchanges store and exchange their cryptocurrencies.The…
Footwear and apparel conglomerate Deckers (NYSE:DECK) reported third-quarter 2024 results that beat Wall Street’s earnings expectations, with sales up 20.1% year-over-year to $1.31 billion. The company expects full-year sales to be about $4.8 billion, close to analysts’ expectations. GAAP earnings of $1.59 per share also exceeded analyst consensus estimates by 28.2%. Is now the time to buy Dekkers? Check out our detailed research report. Revenue: $1.31 billion, $1.20 billion (9% higher than analyst estimates) EPS: $1.59, beat analyst estimates by $1.24 (28.2%) The company raised its full-year revenue forecast to $4.8 billion, up 2.1% from the interim estimate of $4.7…
Constellation Network and Common Crawl Foundation are revolutionizing web data accessibility and AI development through blockchain technology SAN FRANCISCO, Oct. 24, 2024 /PRNewswire/ — The Common Crawl Foundation, a nonprofit organization founded in 2007 dedicated to providing the public with a copy of the Internet, and the Web3 blockchain it is famous for providing Constellation Network, the U.S. Department of Defense ecosystem, today announced a strategic partnership aimed at democratizing and enhancing the accessibility and utility of web crawling data around blockchain technology for artificial intelligence (AI) and data applications. announced. The collaboration begins with Common Crawl’s massive dataset, which…
Ripple Labs CEO Brad Garlinghouse believes the U.S. will become more crypto-friendly no matter which party wins the next election, CNBC reported on October 24. It was reported on the day.Garlinghouse said during DC FinTech Week:“This is the most important election ever, but I believe that no matter what happens, we will have a Congress that is more pro-crypto, more pro-innovation than ever before.”Despite his optimism, he advised startups to “incorporate outside the United States,” noting that about 95% of Ripple’s business is currently done outside the country.Ripple is one of the crypto companies under the supervision of the US…
advertisement Ripple CEO Brad Garlinghouse said the U.S. Securities and Exchange Commission (SEC) will not allow XRP-based I am confident that they will give the green light to exchange traded funds (ETFs). legal disputes with Wall Street regulators; Is an XRP ETF coming soon? Ripple’s Brad Garlinghouse believes the approval of Spot Bitcoin and Ethereum exchange traded funds will open the door to other cryptocurrencies like XRP. Garlinghouse said the SEC reluctantly approved the listing of BTC and ETH ETFs by prominent Wall Street firms on U.S. stock exchanges, even though the SEC clearly didn’t want to. Earlier this month,…
Litecoin LTC/USD price rose 3.14% in the past 24 hours to $71.08, which is the opposite of the trend over the past week, and fell 1.0% from $71.94 to the current price. The price is changing. The highest price the coin currently has is $410.26. The chart below compares Litecoin’s price change and volatility over the past 24 hours (left) with its price change over the past week (right). The gray bands are Bollinger Bands, which measure the volatility of both daily and weekly price changes. The wider the band, or the greater the gray area at any given moment,…