Day: October 19, 2023

Transaction Volume Soars, Network Revenue Crosses 1M Milestone

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According to a recent report by the online database platform Messari, the Hedera (HBAR) Network, an open-source, public blockchain governed by the Hedera Governing Council, has showcased significant growth in the face of a challenging crypto market during Q3 2023.  Hedera Network Hits New Record With 99 Million Daily Transactions Per the report, Hedera Network’s transaction volume continued its upward trajectory, achieving a new record of 99 million daily average transactions in Q3 2023.  This milestone marks the fifth consecutive quarterly increase in transaction activity, with the Hedera Consensus Service…

Circle launches Web3 development platform for Web2 developers

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Stablecoin issuer Circle has launched a new tool that it says will allow developers to “remove the complexity” of building Web3 apps, according to an announcement and accompanying social media post on October 19. Called “Smart Contract Platform,” the new tool allows developers to deploy smart contracts using a set of pre-vetted code templates and either a console or REST APIs, making it potentially easier for traditional Web2 programmers to use. Circle also released a Gas Station tool that lets developers pay for their users’ gas fees, which they claim…

Crypto Exchange Binance Says It Has New Euro Fiat Partners for Deposits, Withdrawals

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The company has signed agreements with “a number of new regulated and authorized fiat partners” to provide EUR services for its users in Europe, according to a Binance blog post. Services include EUR deposits and withdrawals via the Single Euro Payments Area (SEPA) payment network, EUR spot trading pairs and buying and selling digital assets via SEPA, bank cards or fiat balances, according to the post. Source

Crypto Aid Israel raises $185K in 10 days, distributes aid to 4 organizations

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The Crypto Aid Israel collective has raised over $185,000 since its creation less than two weeks ago and has distributed aid to several humanitarian groups.  The organization has carried out two rounds of aid distribution so far, dispensing around 200,000 shekels ($50,000). Nongovernmental organizations benefitting from its efforts include the Foundation for Advancing Citizens of Eshkol Regional Council, which has provided transportation and shelter to people living close to Gaza. Zaka has received funds to purchase medical equipment and protective gear for its workers on the front lines. Related: Crypto donations…

Rare Bent Fork Pattern Predicts Explosive 3000% Surge To $15

Crypto analyst Egrag Crypto has been continuously bullish on the future of the XRP price and the latest prediction proves this. This time around, the crypto analyst is using a rare Bent Fork Pattern to back up his prediction that the XRP price is headed for double-digits. The Rare Bent Fork Pattern Egrag first mentioned the Bent Fork Pattern in a June post while showing a bullish roadmap for the XRP price. In the earlier post, the analyst points out ‘four distinct tracks’. These include the “Track A) Major Historical…

Grayscale ETF Case’s Final Word Coming in Federal Court as SEC Loss Formalized

Grayscale Investments is waiting for a federal court tomorrow or soon after to formalize the defeat it handed the U.S. Securities and Exchange Commission (SEC) two months ago in the parties’ dispute over a spot bitcoin exchange traded fund (ETF). That federal court action will close the case, legally setting Grayscale’s win in stone. Source BitcoinCase039sComingCourtcryptoexchangeETFExchangesFederalFinalFormalizedGrayscaleLossSECWord CryptoX Portal

Strike partners with Bitrefill to expand Bitcoin usability

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Strike’s recent collaboration with Bitrefill offers users the flexibility to use their Bitcoin for everyday transactions, from purchasing gift cards to topping up mobile credits. Lightning payments app Strike has incorporated an innovative feature, allowing its users to employ their Bitcoin for regular necessities. This development emerges from Strike’s alliance with Bitrefill, aiming to inject more utility into its service repertoire. Central to this integration is the facility for users to buy gift cards with their Bitcoin reserves. With this, those using the Strike app can now frequent many favorite…

What is USDT? All About Tether Stablecoin Cryptocurrency

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USDT, also known as Tether, has become an integral part of cryptocurrency markets since its launch in 2014. Pegged 1:1 to the US dollar, it is the most widely used stablecoin with a market capitalization of over $83 billion as of October 2023. But it is also controversial, with opaque reserves and questions around its long-term viability. Here is an in-depth look at how USDT works, its importance in crypto, and the risks it presents. What is USDT? Overview of Tether Stablecoin Cryptocurrency At its core, Tether functions as a…