Day: November 8, 2023

Ripple and Onafriq Forge Alliance for Blockchain-Enabled Payments in Africa

Ripple, a frontrunner in blockchain and cryptocurrency solutions, has joined forces with Onafriq, a leading payments fintech, to revolutionize digital asset-enabled cross-border payments connecting Africa with the Gulf Cooperation Council (GCC), the UK, and Australia. The partnership marks a new era of efficiency for remittances and business payments across these regions, as Onafriq integrates Ripple’s crypto-enabled payment technology to establish new payment corridors. This collaboration is set to address the longstanding hurdles in cross-border payments, such as high costs, slow transfer times, and reliability issues, thereby accelerating financial inclusion across…

Polygon holders focusing on new memecoin project, Galaxy Fox

At the most recent FOMC meeting, Jerome Powell left rates unchanged. Markets responded positively. Stocks closed in the green, and although Powell touts higher rates for longer, the only thing staying higher for longer are crypto prices.  The top ten cryptocurrencies by market cap all closed the week up significantly. With risk appetite swelling, investors are actively searching for potent altcoins. Polygon (MATIC) investors have set their sights on Galaxy Fox (GFOX), believing it to be the top crypto coin to buy in the early stages of a possible meme…

XRP Bulls Firmly Shield $0.60 before Ripple Swell 2023

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XRP, the cryptocurrency associated with Ripple, has been making headlines in recent trading sessions as it grapples with a critical support level and the challenges of overbought territory. Despite its struggles, XRP has managed to maintain its position above the $0.66 support level, reflecting its resilience in the face of market pressures. Overbought territory refers to a situation where an asset’s price has risen to such an extent that it is considered overvalued in the short term. This often leads to a correction or a pullback in the price as…

S&P 500 and Nasdaq Record Their Longest Winning Rally Since November 2021

The Dow had the weakest performance among the three major indexes during Tuesday’s session, primarily due to several declining stocks. On Tuesday, November 7, two big Wall Street indices – S&P 500 (INDEXSP: .INX) and Nasdaq Composite (INDEXNASDAQ: .IXIC) – recorded their longest winning streak in nearly two years since November 2021. Notably, the S&P 500 recorded gains for the seventh consecutive day, a feat not seen since its eight-day green zone movement in November 2021. Similarly, the Nasdaq achieved eight consecutive winning days for the first time since the…

Ethereum (ETH) Eyes $3K Mark as Network Activity Surges

ETH may now be useful for those looking to hold on to the crypto asset as a store of value. Things are looking bright for Ether (ETH) at the moment following a resurgence in Ethereum network activity this week. According to the research head of Matrixport Markus Thielen, the weekly revenue recently recorded on the Ethereum network is an indicator of good times to come. Thielen noted in his report: “Revenues for the Ethereum ecosystem are bottoming out from depressed levels; this could signal a tradeable bottom for ETH.” Thielen’s…

Crypto banking app Bitwala relaunches via new partnership with Striga

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European cryptocurrency banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations and returning customer funds last year. Bitwala is relaunching operations under its original name, in partnership with the support of the banking infrastructure company known as Striga, the firms said in a joint announcement to Cointelegraph on Nov. 8. As part of the partnership, Striga is providing Bitwala with “Banking and Crypto-as-a-Service,” enabling the crypto banking app to draw on its trading and card-issuing functionality, Bitwala CEO Dennis Daiber said. Bitwala, which rebranded as Nuri…

Market Makers Bet Big On Bitcoin Price Surge: Expert

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In a series of insightful observations, Adam Cochran, a renowned expert in the field of cryptocurrency and founder of Cinneamhain Ventures, recently shared his analysis on the relationship between Bitcoin price movements and US Treasury auctions. Cochran’s comments, primarily disseminated viaX (formerly known as Twitter), offer a unique perspective on an emerging trend in the market, particularly in relation to traditional financial instruments. Bitcoin Price Rises After Each Treasury Auction Cochran notes a distinct pattern: “Some big market maker seems to really care about real rates vs Bitcoin (I guess…

Surprised by Demand for Crypto-Secured Debt, Two Prime Says After Extending $2B in Loans

CryptoX – Cryptocurrency Analysis and News Portal “After the fall of Genesis, BlockFi, Celsius, and others, a major gap in the market emerged for responsibly managed secured loans for institutions. Two Prime is well-positioned to fill it,” Blume said, adding that we are focused on institutional borrowers. Original Source The post Surprised by Demand for Crypto-Secured Debt, Two Prime Says After Extending $2B in Loans appeared first on CryptoX. CryptoX Portal