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Month: July 2024
Can Bitcoin Cash Soar 680% This Week? This Analyst Believes So
With its recent performance, Bitcoin Cash (BCH) has been generating news and attracting the interest of both experts and investors for its obvious ascent. Reflecting a robust market performance, BCH jumped by around 14% in the last week. Related Reading The Bitcoin fork has grown by 12% over the past 30 days, therefore transcending just short-term benefits. At $430 right now, and up 18% in the weekly frame, BCH has a market valuation of $8.60 billion and a 24-hour trading volume of $1.33 billion. With BCH controlling 0.36% of the…
Supporting public authorities to be open and transparent
Deborah Clark is the ICO’s Upstream Regulation Manager. Her team supports public authorities to perform in line with their statutory duties and prevent breaches of access to information legislation. Around this time last year, I wrote about our new Upstream Regulation team and our focus on supporting public authorities to be open and accountable with the public they serve. Transparency is fundamental to our democracy. It underpins trust and confidence in public services, which is essential because the decisions made here impact us all in some way. The Freedom of…
Today’s FOMC Is The ‘Most Important Of Your Life’
For the crypto and broader financial market, FOMC day is upon us once again today. And analysts agree that today’s meeting will be one of the most important in recent years. Kurt S. Altrichter, a financial advisor and founder of Ivory Hill, even describes today’s FOMC meeting as the “most important of your life.” In a new post on X, Altrichter explains why. FOMC Preview Central to today’s FOMC meeting is the Federal Reserve’s potential indication of a September rate cut. According to Altrichter, the financial markets are almost unanimously…
XRP Surges 7% Amid Ripple-SEC Settlement Hopes, $600M Token Unlock
XRP trading activity is heightening in South Korea, where traders tend to push euphoric rallies on tokens. Source
Bitcoin, Ether ETFs Record Outflows as Trump Speech Euphoria Fades
The crypto-Trump trade appears to be softening. Original
Tron Founder Justin Sun Calls on China to Warm up to Bitcoin
Justin Sun, the founder of Tron, has called for China to open up to Bitcoin. According to Sun, China’s embrace of crypto would benefit the entire cryptocurrency space, providing a counterpart to the U.S. China’s ban on bitcoin and cryptocurrency mining altered the industry landscape in 2021, leading to a significant exodus of miners that […] Original
Nvidia Becoming More Volatile Than Bitcoin and Ether
Bitcoin has exhibited a strong positive correlation with NVDA since late 2022. Source
Bank of England Pushes for Swift Digital Payment Solutions as Cash Usage Drops
The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and debit cards, to save time and costs for consumers and retailers. The British central bank is developing […] Source CryptoX Portal
GalaChain Launches TestNet Environment for Blockchain Developers
Peter Zhang Jul 31, 2024 05:39 GalaChain’s TestNet is now live, offering developers a secure environment to deploy and test their chaincode, fostering innovation in blockchain technology. GalaChain has officially launched its TestNet, providing developers with a secure environment to deploy and test their chaincode, according to Gala News. This significant milestone marks a step towards making GalaChain an open-source blockchain, enabling external developers to refine their projects without real-world consequences. Understanding TestNet A TestNet serves as a sandbox environment where developers…