Day: January 11, 2024

Coinbase Expanding to Africa by Teaming Up With Leading African Stablecoin Exchange Yellow Card

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The top US-based crypto exchange platform is venturing into Africa after announcing that will be teaming up with Yellow Card, a leading African stablecoin exchange. In a new blog post, Coinbase says that as part of its plan to reach 20 countries on the continent, it’s partnering up with Yellow Card to provide millions of people access to prominent dollar-pegged crypto assets, such as USDC. “Through our new partnership with Yellow Card, one of Africa’s leading stablecoin exchanges and a Coinbase Ventures portfolio company, millions of users will gain access…

Valkyrie Exec Expects SEC To Approve XRP ETF, Can This Push Price To $100?

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With the advent of Spot Bitcoin ETFs which were approved by the United States Securities and Exchange Commission (SEC) on Wednesday, crypto investors have quickly turned their attention to the next big thing which might be XRP ETFs. This is picking up steam as Steve McClurg, Chief Investment Officer (CIO) for Valkyrie, has lent his voice to the cause. Valkyrie Exec Says XRP ETF Could Be Next In an interview with Bloomberg, McClurg reveals that with the approval of Spot Bitcoin ETFs, the expectation is that altcoins will soon follow…

UBS Will Let Some Customers Trade Bitcoin ETFs, Contrary to Rumors: Source

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XRP And XLM Price Correlation Persists, Ripple CTO Explains Why

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XRP and Stellar (XLM) are two cryptocurrencies that have been constantly compared in terms of price growth and development. Both digital assets are dedicated to facilitating cross-border transactions.  Given their considerable similarities, the Chief Technology Officer (CTO) of Ripple, David Schwartz has attempted to uncover the factors contributing to the persistent price correlations between the cryptocurrencies.  Ripple CTO Explores XRP And XLM Price Trends Schwartz has recently taken to X (formerly Twitter) to share a chart illustrating a strong correlation in the price movements and patterns between XRP and XLM…

ETF hype might trigger a Bitcoin supply shock, says Decimal founder

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Decimal Digital founder Henry Robinson projects a potential Bitcoin supply shock amidst the growing investment inflow in spot Bitcoin ETFs. In an exclusive comment to crypto.news Robinson remarks that Bitcoin ETFs are a game-changer, poised to revolutionize the industry by unlocking unprecedented investment opportunities. According to him, these financial instruments will attract substantial new investments into Bitcoin from diverse sectors, including pensions, endowments, insurance companies, sovereign wealth funds, and trusts. Robinson’s insight comes following the U.S. SEC’s approval of several Bitcoin ETFs, which has sparked a trading frenzy with reports…

A Beginner’s Guide to AI Tokens

The Oasis Network uses a token-incentivized architecture to enable privacy-preserving AI computations on blockchain. ROSE tokens, which have a market cap of $567M at the time of writing, coordinate the network of nodes, providing secure computing via technologies like Intel SGX, differential privacy, and federated learning. Source

What Is the ERC-7265 Token Standard?

Decentralized finance (DeFi) has grown significantly and has become an integral part of the global crypto markets. However, its continued growth heavily depends on how secure the technology is against attacks. According to data from DefiLlama, over $5 billion in the total value of assets has been lost in DeFi protocols to date. To remedy this situation, the Ethereum community has come up with a new token standard called ERC-7265. Source

A Pre-Halving Surge, Post-ETF Rally, And Monumental Peak Ahead

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PlanB, the creator of the renowned Stock-2-Flow (S2F) model, has once again captured the community’s attention with three bullish Bitcoin (BTC) forecasts. In a YouTube video recently uploaded, the S2F creator shared bold predictions. In the short term, PlanB sees Bitcoin soaring to above $50,000 before the upcoming halving event scheduled for April. The S2F model creator noted in the YouTube video: I think in the next four months towards the halving, we will start to see Bitcoin rise even further towards $50,000 [to] $60,000 region. This prediction aligns with…