Day: October 24, 2023

Crypto Stocks that Outperform Bitcoin in 2023

As Bitcoin extends its rally to $35,000 clocking over 100% gains for 2023, let’s take a look at some crypto firms that have outperformed Bitcoin. The world’s largest cryptocurrency Bitcoin (BTC) has given a strong breakout earlier today hitting a new high for 2023 at $35,000. With this, Bitcoin has extended its year-to-date gains by more than 100%. While Bitcoin has given strong returns to investors this year, the stocks of the companies having exposure to BTC have delivered even better returns. Grayscale (GBTC) Shares Outperform Shares in the Grayscale…

Digital Yuan Completes Its First Cross-Border Oil Deal

The transaction is part of SHPGX’s efforts to provide a solid response to the Shanghai municipal government’s requirements to use the digital yuan in cross-border trade. Chinese Central Bank Digital Currency (CBDC) – digital yuan or e-CNY – has been used for the first time to settle a cross-border oil transaction. According to the Shanghai Petroleum and Natural Gas Exchange (SHPGX), the deal was closed by PetroChina International which bought 1 million barrels of crude on October 19. The exact sum of the deal has not been revealed, and the name…

Bitcoin price surge sees significant asset outflow on crypto exchanges

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Major crypto exchanges recorded a net outflow on Oct. 24 as the price of Bitcoin (BTC) briefly touched the $35,000 mark for the first time in a year. The movement of funds away from exchanges is considered a bullish sign, as it indicates traders are moving their assets away from exchanges to secure storage, expecting prices to increase. According to data shared by crypto analytic firm CoinGlass, Binance saw the biggest outflow, with over $500 million moving off the exchange over the past 24 hours, followed by crypto.com with $49.4…

This Shibarium Milestone Could Rocket Shiba Inu To August Highs

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Shiba Inu’s latest price action seems like the meme token has bounced off the critical $0.0000061 support level to set the stage for a possible bull run. The cryptocurrency is up by 3.63% in the past 24 hours and 5.79% in a seven-day timeframe.  However, a larger timescale reveals a different picture, as the value of the cryptocurrency has dropped by 49% since reaching its yearly high of 0.00001471 on February 5. Nevertheless, positive momentum could be building up at the moment, particularly with Shiba Inu’s Layer-2 scaling solution Shibarium…

NASD’s Noble Raises $3.3M in Seed Round

“It’s exciting to see Noble establishing a foundational role in the Cosmos ecosystem for native asset issuance, starting with the recent launch of Circle’s USDC and the upcoming deployment of Cross-Chain Transfer Protocol (CCTP),” said Wyatt Lonergan, principal at Circle Ventures. Source

TON Believers Fund Locks 1.3 Billion TON Tokens

Since its launch, the TON Believers Fund collected a substantial amount of TON tokens. To be precise, it gathered 1,317,379,088 TON coins. The Open Network (TON) Believers Fund, a non-profit fund operating as a smart contract on the TON blockchain has successfully raised a remarkable 1.3 billion TON coins (approximately 25% of TON supply) from users that will be locked for 2 years. This impressive achievement has far-reaching implications for the project and showcases the remarkable support and enthusiasm of the crypto community for TON. The TON Believers Fund in…