Day: August 4, 2024

Analyst Identifies Three Signals For BTC Price Rebound

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

Crypto-Friendly Mercado Libre Becomes Latam’s Largest Company

Mercado Libre, a financial and e-commerce service company with its own cryptocurrency token, became the largest company in Latin America after announcing its financial results for Q2. Mercado Libre announced a net income of $531 million, significantly surpassing the expected $432 million. Other numbers were also positive, including a 36% growth in sales in Brazil, […] Source CryptoX Portal

Stacks (STX) Drops 23%, But Recent Devs Might Slow The Trend

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With the hostile market environment, Stacks (STX) has continued its downward spiral as bears mount the pressure. According to CoinGecko, the token is down nearly 23% since last week, worsened by the current correction phase the market has entered. The latest market data shows that major cryptocurrencies like Bitcoin and Ethereum have shown a drop of 10% since last week, pulling the market downward by 2%. However, several developments might help slow the token’s drive downward. These developments show Stacks as the prime layer-2 for the top cryptocurrency in the…

Essential Guide for Studios: Choosing the Right Blockchain for Web3 Games

Zach Anderson Aug 04, 2024 06:19 Discover how to choose the right blockchain for Web3 game development. Learn about gaming-focused platforms, security, scalability, and ecosystem support. The burgeoning field of Web3 gaming is attracting a growing number of game studios, with over 380 games already signed to Immutable (IMX), according to immutable.com. As the industry evolves, selecting the right blockchain platform is crucial for success. Gaming Focus: Prioritize Platforms Dedicated to Gaming The Web3 gaming market is projected to reach $65.7 billion…

Blockchain and Nation-State Infrastructure: Why Bother?

We listen to talk after talk about crypto finally achieving asset-class legitimacy, but truly speaking, the encroachment of Wall Street giants into the blockchain space is a double-edged sword. The following is an opinion editorial written by Karel Kubat, Founder of Union Labs. As blockchain enthusiasts, we’ve long championed decentralization, transparency, and democratized access—the 2008 […] Source CryptoX Portal

Megaeth: The Endgame ETH Scaling Solution

This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Gaz of Blocmates breaks down Megaeth, one of the hottest Layer 2s, including explaining the technical reasons why so many people are excited […] Source CryptoX Portal

Canza Finance Partners With Stablecoin Issuer to Bring Efficient Financial Solutions to Africa

Canza Finance has partnered with stablecoin issuer WSPN to provide secure and efficient financial solutions to users in Africa and other emerging markets. With the integration of WUSD into Canza Finance’s ecosystem, African users will be able to smoothly convert fiat currencies to the WUSD stablecoin. Boosting RWA and Defi Adoption Africa-focused fintech firm Canza […] Source CryptoX Portal

The secret behind Toncoin’s success

Toncoin has been on an unstoppable run so far this year, with Telegram now on the brink of attracting one billion monthly active users. But will it last? The rankings of the world’s biggest cryptocurrencies by market cap don’t change all that often. Bitcoin has cemented its position at number one, with Ether (ETH) a solid second and Tether (USDT) immovable in third. But there’s one digital asset that’s seen its status surge in recent months — and that’s Toncoin. Billed as “the future of currency,” it has close ties…

India’s Crypto Raid Uncovers Massive Fraud in Ladakh

India’s Enforcement Directorate (ED) has executed its inaugural raid in the Leh Ladakh region to investigate fraudulent cryptocurrency activities under the Public Money Laundering Act (PMLA). The operation targeted six locations across Leh in Ladakh, Jammu in J-K, and Sonipat in Haryana, focusing on A. R. Mir and his associates. Allegations suggest thousands of investors […] Source CryptoX Portal

Trump Suggests Paying off $35 Trillion National Debt With Bitcoin — Wants US to Be Leader in Crypto

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Former U.S. President Donald Trump emphasized the importance of the U.S. leading in cryptocurrency, suggesting that the government could pay off its $35 trillion national debt with bitcoin. He described crypto as “a different form of currency” that is already “prominent” and “massive,” stating that “it’s going to end up benefiting the country.” Trump Advocates […] Original