Authentic blockchain-enabled market structure promises transparency, tamper-proof records, reduced costs (as compared to doing both blockchain and security certificates) for the issuer and the end customer, and smart contracts that execute automatically under predefined conditions. This brand of innovation renders traditional transfer agents obsolete, as blockchain verifies and validates securities ownership. Source
The Shiba Inu (SHIB) price has remained lackluster for a while now, with the second-largest meme coin by market cap still below the crucial price level at $0.00002. This unimpressive price action is thanks to several factors, including Bitcoin’s tepid price movement. Why The Shiba Inu Price Is Down Shiba Inu’s price has been on a downtrend mainly due to its strong positive price correlation with Bitcoin. Data from the market intelligence platform IntoTheBlock shows that Shiba Inu’s price correlation with Bitcoin is currently at 0.94 and nearing its peak…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
While Bitcoin is widely recognized as a proof-of-work (PoW) network, it’s not necessarily the most profitable PoW asset to mine. With Bitcoin’s hashprice being relatively low, miners have been increasingly turning their attention to mining alephium (ALPH) and kaspa (KAS). These two digital currencies currently offer the highest profitability for miners, according to the latest […] Original
Crypto investors are buzzing about PlayDoge (PLAY) as its presale enters the final stretch. The project has already managed to raise over $6 million in funding. And with only five days left before the presale closes, investors are rushing to secure PLAY tokens before they hit exchanges. Last Call for PlayDoge’s Red-Hot Presale PlayDoge’s presale […] Source CryptoX Portal
The devil, of course, is in the details, and Goldman Sachs – anticipating the sizable downward adjustment – earlier this week explained why the revisions themselves were as likely as the originally reported numbers to be erroneous. The true monthly pace of jobs growth, according to the bank, is likely to have been 200,000-240,000, a perfectly acceptable number in a growing economy. Original
Another EigenLayer ecosystem restaking project, Renzo, in April issued its token via offshore entities, and also geoblocked U.S. web traffic. “Our Terms of Service clearly state that US persons are not permitted to claim tokens,” said Kratik Lodha, a representative for the token’s issuer, the RestakeX Foundation. Source
Polygon (MATIC) is setting up perhaps for a significant surge. MATIC currently trades 13% below its projected value for the next month; the crypto space is abuzz over this undervaluation. Investors view such a slide as a good buying opportunity. Related Reading With a possible increase of 470% in just the next three months, the short-term predictions should be fairly optimistic. If everything goes as planned, MATIC could turn out to be one of the best performing tokens. With its next big upgrade slated to go live on September 4,…
PayPal stock has moved into a bull market, rising by over 26% from its lowest point this month. PayPal USD stablecoin’s market cap PayPal USD (PYUSD), the company’s stablecoin launched in August 2023, has been performing well. Data shows that its market cap has jumped sharply in the past few weeks, crossing the psychological level of $907 million on Aug. 21. This marks significant growth for a stablecoin whose market cap started the year at $264 million. Stablecoin issuers like PayPal make money in two main ways: interest rates and…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…