Month: June 2024

Blockchain Firm Says Bitcoin Price Might Be Headed For $60,000

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The Bitcoin price performance over the past week failed to bring glory to the crypto market, as the leading cryptocurrency struggled once again. This trend was mirrored across almost all large-cap assets, many of which experienced significant losses. Unfortunately, recent price action data suggests that the Bitcoin price is not safe yet, as there is potential for further downside over the coming days. Is $60,000 The Next Stop? In a new report, blockchain intelligence firm CryptoQuant put forward an interesting prognosis for the price of Bitcoin based on its recent…

Best crypto debit cards in 2024

Crypto debit cards are all the rage, granting unprecedented ease of access to real-world goods and services for crypto users. With so much competition now in the space, it can be hard to make a decision. Let’s take a look at the best debit card for cryptocurrency in 2024. top 5 crypto debit cards 2024 and how to choose Before we get into the details of each card, let’s explore how to choose the best card for you. Here are the main factors people tend to consider when choosing a…

Volume Climbs Above $53B, Dwarfing Visa

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USDT, Tether’s digital token pegged to traditional currencies, is leading a quiet revolution in the world of finance. In a landmark development, USDT has surpassed Visa’s average daily transaction volume on the Tron blockchain, underscoring its position as the undisputed leader in the stablecoin space. This surge signifies a growing confidence in stablecoins and their potential to disrupt the financial landscape. Related Reading USDT Flexes Muscles USDT’s dominance is evident. Available on multiple blockchains, it has seen its market cap explode since its inception in 2014. But the recent milestone…

Oleksandr Usyk-backed Ready to Fight teams up with TON Foundation to offer crypto debit cards

Co-founded by Ukrainian world heavyweight champion Oleksandr Usyk, Ready to Fight has joined forces with the TON Foundation to bring crypto-friendly debit cards to Telegram. Ready to Fight, a web3 boxing app built on the Ethereum and BNB Chain (formerly Binance Smart Chain) blockchains, has teamed up with the TON Foundation and Kauri One, a blockchain developer, to offer a crypto-enabled debit card on the Telegram messenger in an effort to expand use cases for the RTF token. According to a press release shared with crypto.news, the collaboration allows RTF…

Bitwise CIO Makes the Case for Adding Ether to Investment Portfolios

Matt Hougan, CIO of Bitwise, a crypto-based index fund and ETF provider, has explained why he believes ether might be an interesting asset for an investment portfolio. Hougan states three key reasons for investing in ether: diversification to “own the market,” different use cases than bitcoin, and historical analysis. Bitwise CIO Presents Three Reasons to […] Source CryptoX Portal

Solana Records New Monthly User High Amidst Persistent Price Drop

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Cantor Fitzgerald CEO Props up Stablecoins in the Fight for US Dollar Hegemony

Howard Lutnick, CEO of financial services company Cantor Fitzgerald, highlighted the value of stablecoins in the fight to maintain the hegemony of the U.S. dollar. Lutnick stated that fully redeemable stablecoins allowed citizens in emerging markets to use their digital dollars for commerce, stabilizing the demand and relevance of the currency. Cantor Fitzgerald CEO: The […] Source CryptoX Portal

Birdeye Integrates Real-Time Crypto Market Data on Sui Blockchain

Birdeye, an onchain crypto trading data aggregator, has expanded its services to include the Sui blockchain, providing real-time crypto market data APIs and WebSockets for decentralized finance (DeFi) applications. This integration, which began in April 2024, aims to enhance the data accessibility for developers and traders using the Sui network, according to The Sui Blog. Comprehensive Data Services Birdeye offers a range of APIs and WebSockets that allow users to integrate detailed crypto market data into their projects. Key APIs include the Price API, OHCLV…

Tron price rally continues as USDT transactions rises

Tron price has risen for three straight days after on-chain data pointed to robust performance of its ecosystem. TRX jumped to a high of $0.1185 on Friday, its highest point in a month. It has soared by over 7.65% from its lowest point this month as other altcoins like Ether, Solana, and Pepe slumped. Tron price chart According to TronScan, the 24-hour trading volume of Tether (USDT) on Tron surged to over $53 billion. This happened as the number of transfers jumped to over 2.18 million while the number of…