Day: November 27, 2023

Everlodge rising, could outperform Shiba Inu and Solana

Bluntz, an anonymous analyst, suggests that Solana (SOL) may reach a new high after completing an ABC correction and maintaining support.  Another analyst, Kaleo, anticipates a potential rally for Shiba Inu (SHIB).  Everlodge (ELDG) is also gaining attention for its potential to disrupt the $4.548 trillion hospitality industry. Summary Solana may surge to $84.91 by Q1, 2024 Shiba Inu can climb to $0.000013 by the start of next year Everlodge could rally after launching Solana can retest $84.91 Bluntz, an analyst with over 229,000 followers, recently noted that Solana completed…

eToro Receives Approval to Operate in UAE

eToro’s foray into the UAE comes amidst a period of global expansion for the platform. The retail and social trading giant eToro recently announced that it has received a license from the Abu Dhabi Global Market (ADGM) to operate as a broker in securities, derivatives, and crypto assets in the United Arab Emirates (UAE). eToro Bags Significant License Yoni Assia, the Founder and CEO of eToro, expressed his enthusiasm, stating: “It is a key milestone in our continued global expansion. Abu Dhabi is increasingly recognized as a growing fintech hub, and…

Standard Chartered joins China’s CBDC pilot testing

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British multinational bank Standard Chartered will partake in trials of China’s digital yuan central bank digital currency (CBDC), the e-CNY, one of the first foreign banks to do so in the country. According to the Nov. 27 announcement, Standard Chartered, through its partner City Bank Clearing Services Co, will allow its clients to purchase, exchange and redeem e-CNY within its bank accounts. “As an international bank rooted in the Chinese market for 165 years, Standard Chartered is optimistic about the development prospects of digital Renminbi,” said Xiaolei Zhang, president of…

Standard Chartered China Offering Exchange Services for Digital Yuan

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Unveiling the Catalyst Behind Rising Transactions

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In the last month, Dogecoin (DOGE) has observed a notable upswing in transactions surpassing the $100,000 mark, coinciding with a substantial surge in the price of this meme-based cryptocurrency. The abrupt increase in both transaction volume and price suggests a heightened level of interest in Dogecoin, particularly from major financial entities recognized as “whales” and institutional investors. Billy Markus, an IT engineer, co-created the prominent meme-based cryptocurrency alongside Jackson Palmer in 2013. Originally conceived as a satirical imitation of Bitcoin, Markus has recently offered his perspective on the significant surge…

The best money for AI is crypto – Cointelegraph Magazine

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For every genuine blockchain project harnessing artificial intelligence in an attempt to create a better world — like Dr Ben Goertzel’s Singularity.net — there are 100 coins like AI Doge that have simply wedged the hyped-up terms “AI” and “Crypto” together to flog tokens. “Those are just fundamental buzzwords,” explains Near blockchain founder Illia Polosukhin, who worked on the groundbreaking “Attention Is All You Need” research that led to large language models like ChatGPT and Claude. As one of the few people in the world who are as well versed…

Mainstream approval critical for blockchain games — Gaming execs

Web3 game developers have been battling to gain the attention of mainstream audiences for years, and according to three former gaming executives, that market is essential for the industry’s future.  Video games have become a favorite pastime for a lot of people all over the world and have even evolved into a sport. Overall, there are more than three billion Web2 gamers worldwide as of 2023, according to Exploding Topics. Most are considered casual gamers who play regularly but rarely invest significant time. Jennifer Poulson, who has worked in the…

Crypto Hedge Fund Nine Blocks Secures Digital Assets License From Dubai’s VARA

“Being market neutral, we don’t take any directional risk, so whether bitcoin is going up or going to go down doesn’t matter much to us,” Arslanian said. “We generate alpha from the inefficiencies in crypto markets. So, we will arbitrage between perpetual swaps and the spot price of bitcoin and ETH, for example.” Source AssetsBlocksCryptoDigitalDubaisFundHedgeLicenseSecuresVARA CryptoX Portal

Blast Surpasses Cardano And Base

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Blast is the latest Layer 2 network to burst into the scene in the last week and has taken the decentralized finance (DeFi) world by storm already. This network which seemingly came out of nowhere has backing from Paradigm, and as its popularity has risen, it has surpassed Base and Cardano’s Total Value Locked (TVL) in less than a week after launch. Blast TVL Crosses $565 Million The Blast network was officially announced on November 21 and it quickly garnered support from crypto investors. In the first day, the network…