Day: September 7, 2024

XRP and Shiba Inu stalling; investors flock to new crypto meta token

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP and Shiba Inu face setbacks, driving investors to Rollblock, the new presale set to change the $500B online gambling market. XRP and Shiba Inu have long ensconced themselves as some of the crypto industry’s heavyweights. The problem is the current meta crypto scene is moving on from these billion-dollar crypto giants in search of new crypto investment opportunities that can turn in a prettier penny than these dinosaurs. …

SOL Price Could Crash To $90 If This Happens

boss

Este artículo también está disponible en español. As the first week of September concluded, the Solana (SOL) price settled at $124, raising concerns for investors as the fifth largest cryptocurrency risks breaching the critical $100 threshold.  According to market analyst Ali Martinez, recent technical analysis indicates that a sustained close below the channel’s lower boundary at $126 could trigger a significant price correction for Solana, potentially dropping to $110 or even $90. Solana Price Challenges In a social media update, Martinez elaborated on the current market conditions, noting that the…

Computer Scientist: Users Will Value Decentralized Systems More as Web3 Tech Matures

The general public is not actively concerned about whether applications are decentralized because they often cannot tell the difference between centralized and decentralized systems, according to Cais Manai, co-founder of Obscuro Labs. What matters more to them, Manai argues, is how decentralization can address real-world issues. Users Set to Value Decentralized Systems More As an […] Source CryptoX Portal

Bitcoin Fear And Greed Index Falls To ‘Extreme Fear’ As BTC Dips Below $54,000

boss

Este artículo también está disponible en español. On Friday, the cryptocurrency market’s Fear and Greed Index plummeted to “extreme fear,” reflecting growing anxiety among investors as the Bitcoin price dipped to a weekly low of $53,700.  This downturn marks a continuation of a broader sell-off that has plagued the market, particularly since Bitcoin struggled to maintain momentum above the critical $60,000 threshold. Bitcoin Targets $53,000 Amid Bearish Sentiment The steep decline in Bitcoin’s value can be traced back to August’s significant crash, attributed to challenging macroeconomic conditions that resulted in…

Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments

The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally using regular banking rails. Japanese Banks Aim to Ditch Intermediaries for Blockchain-Based Stablecoin System Traditional […] Source CryptoX Portal

CFTC Pleads With Judge to Block Kalshi Election Contracts for 14 Days

If granted, the stay would mean Kalshi wouldn’t be allowed to list its election markets until late September at the earliest. The company, which settles trades in U.S. dollars, has been locked out of this year’s election betting boom, dominated by crypto-based rival Polymarket, which is barred from serving U.S. residents under its own settlement with the CFTC. Source

Ethereum and Ripple whales flock to Intel Markets, a new presale project

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum and Ripple’s whales are showing interest in Intel Markets, a rising star in the crypto market that could surge by 11x or more. As the crypto market prepares for a potential rally, whales are looking at new projects with fantastic growth potential. One such project is Intel Markets – a Stage 1 presale contender that could surge by 11x or higher in 2024. Even big whales from crypto…

SUI Rises 8% Amid Market Retrace, Will The Joy Be Short-Lived?

boss

Este artículo también está disponible en español. SUI showed a remarkable performance on Friday amid the market retrace. Following Bitcoin’s drop to the $55,000 mark, the cryptocurrency was among the few tokens showing green numbers with an 8% surge. The token’s performance, alongside the network’s developments, has fueled a bullish sentiment among investors. However, some analysts remain cautious of the cryptocurrency, warning that the joy could be short-lived. Related Reading SUI Surges As Top 100’s Largest Daily Gainer SUI was among the best performers throughout August, registering 50% surges amid…

Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability

Zambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still consulting market participants, with no set implementation date. Kalyalya highlighted that foreign currency use hinders effective monetary […] Source CryptoX Portal