Day: August 21, 2024

Offchain Labs Unveils Arbitrum Roadmap to Boost Blockchain Innovation

Tony Kim Aug 21, 2024 07:25 Offchain Labs has released its technical roadmap for Arbitrum, focusing on scalability, decentralization, and developer experience to drive blockchain adoption. Offchain Labs has outlined an ambitious technical roadmap aimed at enhancing the Arbitrum blockchain ecosystem. The roadmap focuses on improving scalability, decentralization, and developer experience, according to Offchain Labs. Your Chain, Your Rules The guiding principle of the roadmap is “Your Chain, Your Rules,” emphasizing user and developer empowerment. Offchain Labs aims to make onchain applications…

Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support

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The world’s largest cryptocurrency, Bitcoin (BTC), has struggled to maintain a foothold above the critical $60,000 price level in recent trading sessions, as the digital asset finds itself caught in a tug-of-war between bullish and bearish forces. After recovering from a dip below $49,000 earlier this month, Bitcoin has been vacillating around the $60,000 mark, unable to consolidate above this key psychological and technical threshold.  This price level has emerged as a battlefield between the bulls and bears, with the outcome poised to have significant implications for Bitcoin’s near-term trajectory.…

RBI Report Highlights India’s Central Bank Digital Currency Development

India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments, improve financial inclusion, and mitigate risks posed by private digital instruments. The RBI’s […] Source CryptoX Portal

Bitcoin Maintains Market Dominance With $42 Million In Inflows

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Digital asset investment funds witnessed another week of inflows last week, albeit at a small amount, to extend the run of inflows to two consecutive weeks. Notably, investment funds attracted a net inflow of $30 million last week. One of the key highlights of the week was Bitcoin’s strong performance in attracting investor interest. After being overshadowed by Ethereum in the previous week, Bitcoin regained its leading position, drawing the majority of the inflows. Solana, on the other hand, experienced its largest outflow on record, which was primarily driven by…

Bitcoin (BTC) Unmoved at $59K as Mt. Gox Moves $700M in BTC

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Will It Be The Catalyst To Break Above All-Time Highs?

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As the cryptocurrency market continues to navigate a mixed period of price stagnation and volatility with no clear path forward, all eyes are on the highly anticipated Pectra upgrade for the Ethereum (ETH) network.  Scheduled for the first quarter of 2025, this major upgrade is gaining significant attention from bullish analysts who believe it could be the catalyst to propel Ethereum’s price to new heights. A Potential Gamechanger For Ethereum?  According to decentralized finance (DeFi) researcher DeFi Ignas, optimism is mounting around Ethereum’s prospects thanks to the Pectra upgrade.  In…

State Street Partners With Taurus to Boost Digital Asset Services

Global financial services provider State Street has announced a strategic partnership with digital asset infrastructure provider Taurus to enhance its digital asset services. This collaboration aims to offer a comprehensive digital platform, including tokenization and digital custody, expanding State Street’s existing capabilities in fund administration. State Street Partners With Taurus to Expand Digital Asset Services […] Source CryptoX Portal