Day: October 10, 2022

โš  WARNING โš  BTC Lost $18,500 – Bitcoin & Ethereum price analysis – Crypto News Today

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The Dacxi Chain Unveiled as the Worldโ€™s First Global Equity Crowdfunding Network โ€“ Press release Bitcoin News

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press release PRESS RELEASE. The worldโ€™s first blockchain-based global equity crowdfunding network โ€“ the Dacxi Chain โ€“ has been unveiled. The Dacxi Chain is a unique global ecosystem that creates digital tokenized versions of company shares, which can then be quickly and easily bought and sold all over the world. Connecting investors, entrepreneurs and deal makers from across the globe. A singularly complex technical challenge, the Dacxi Chain has taken the companyโ€™s tech team four years to develop. The advanced technical features within Dacxi Chain are built on the unique…

Crypto and Payments Firm MobileCoin Launches New Stablecoin โ€“ โ€˜Electronic Dollarsโ€™

โ€œTo our knowledge, no project has created a native stablecoin with privacy properties, which is a first-class citizen in the ecosystem, and which never requires the use of โ€˜non-privateโ€™ transaction technologies to use normally. In short, no one has yet actually created a private digital dollar,โ€ MobileCoin stated in the eUSD whitepaper. Source

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UAE Web3 ecosystem houses almost 1.5K active organizations: Report

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A new report shows that 65% of the 1,450 Web3 organizations are based on native blockchain technology, while 35% of the organizations are based on non-native technology. United Arab Emirates (UAE) has emerged as one of the fastest-growing destinations for Web3 projects, thanks to the initiatives taken by its government. A recent research report published by the Web3 platform Crypto Oasis Ecosystem highlighted the dominance of UAE in the Web3 economy as it identified more than 1,450 active Web3 organizations with nearly 7,000 individuals. The report divided Web3-based projects into…

Ethereum Could See A 15% Drop This Week

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Ethereum is having a good week, staying in the green zone of the crypto space for the past seven days and raising its price by 3.7%. Ethereum is currently caught in an inverted pennant pattern A resumption of the bearish trend is highly possible for the altcoin $1,130 might be new support marker for Ethereum The second largest cryptocurrency by market capitalization is currently trading at $1,324 according to Coingfecko at the time of this writing while its 24-hour trading volume stands at a little over $5 billion. But the…

Back to Square One? Circle’s USDC Market Cap Drops Below $50B for First Time Since Terra’s Collapse

“BUSD has seldom been used in DeFi and is not near the top 10 pools of Curve, Uniswap, Aave etc. USDC usage, however, remains strong. Four of the top five Uniswap pools contain USDC,” Teander said. “Over the last seven days, USDC pools, compared, have accounted for over 50% of the swaps, 77% of the volume, and 63% of the fees generated of the top Uniswap V3 pools.” Source

Russian Companies Are Using Crypto in Trade Despite Lack of Regulation, Officials Admit โ€“ Bitcoin News

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With limited access to global finances, Russian businesses have begun settling in cryptocurrency with their partners abroad. Although these are still small-scale payments, government officials have noted their increase, which comes even before authorities have decided how to regulate these transactions. Cross-Border Crypto Settlements on the Rise in Russia as US Dollar and Euro Payments Decline Companies operating under sanctions imposed on Russia over the escalating conflict in Ukraine have started employing cryptocurrencies despite that the new regulations for this type of payment are expected to come into force in…

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Crypto Strategist Sets Big Price Targets for Ethereum-Based Decentralized Exchange Protocol

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Closely followed crypto analyst Michaรซl van de Poppe is eyeing one Ethereum-based decentralized exchange (DEX) protocol and setting upward price targets. In a new blog post for Eight Global, Van de Poppe says that Injective Protocol (INJ) has tested its main resistance point multiple times, making the said supply area weaker and more prone to breakouts. โ€œThe chart itself is self-explanatory, as it shows the resistance zone Injective Protocol has to break through. In that way, the area around $2 is a vital one to crack and if it cracks,…