Day: September 10, 2024

Stablecoins vs Tokenized Deposits: Why the Differences Matter

Tokenized deposits, sometimes known as deposit tokens, are blockchain representations of fiat currency bank deposits. They are issued by banks, backed by fiat deposits at those banks, and can run on either private or public blockchains (although, since these are heavily regulated entities, they’ll want complete control of access). In some cases, such as with JPMorgan’s JPM Coin, they are used to settle transactions between JPMorgan clients. In others, such as SocGen’s EURCV, they can be transferred to clients who do not have accounts at the issuer bank, but only…

Legendary Analyst Reveals Prediction For December

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Este artículo también está disponible en español. Much like Bitcoin (BTC), the price of Ethereum (ETH) has been trading significantly sideways lately. Due to this downtrend, a legendary crypto analyst has offered some insights into Ethereum’s price movements, predicting that in the next three months, the pioneer altcoin could see its price hit a bottom.  Ethereum To Hit Price Bottom By December Benjamin Cowen, the founder of ITC Crypto and a prominent crypto analyst, has published a YouTube video discussing Ethereum’s price movements, highlighting a potential correlation between ETH’s price…

Bitcoin price may see a ‘significant rally’ soon

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Bitcoin price continued to consolidate this week as traders awaited the upcoming U.S. Consumer Price Index report. Bitcoin (BTC) was trading at $57,000, significantly higher than last Friday’s low of $52,000. Its price action has correlated well with American stocks, as the Nasdaq 100 and Dow Jones rose on Monday and wavered on Tuesday, Sept. 10. Bitwise explains why Bitcoin will rally In a note, the Chief Investment Officer at Bitwise, a leading crypto investment company with over $4 billion in assets, said that Bitcoin may see a “significant rally”…

Virtu Financial Partners with Tokyo Stock Exchange to Enhance ETF Liquidity and Efficiency

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Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 In financial services, achieving global success requires a deep understanding of local markets. In this hands-on, country-specific session, top experts from the Asian Pacific region will explore what drives traders in this diverse market. The discussion will cover strategies for retaining local…

Bitcoin (BTC) Mention Gets Slim Odds at Presidential Debate

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On Manifold, a self-described “play money” prediction market, “bitcoin” ranks near the bottom of words or phrases likely to be said during Tuesday’s debate, with 12% odds, slightly ahead of “unburdened” (8%) and “coconut” (6%). Bets on this market are paid out in mana, a digital (not crypto) currency. New users get free mana when they sign up and can buy more, but they can’t cash it out; the main incentive to place bets on Manifold is to build a reputation as an accurate forecaster. Original

After Their Recent Settlement, Uniswap (UNI) Enters The Top 3 Altcoins Along With Mpeppe (MPEPE) and Aave (AAVE)

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Este artículo también está disponible en español. Uniswap (UNI) has made waves in the cryptocurrency world after a recent settlement that has allowed the decentralized exchange to secure a spot among the top three altcoins. Joining Mpeppe (MPEPE) and Aave (AAVE), Uniswap (UNI)’s newfound momentum is capturing the attention of investors across the crypto sphere. Let’s dive into why these three altcoins are making headlines and why they should be on every investor’s radar. Uniswap (UNI)’s Recent Victory: A Game-Changer for Decentralized Exchanges Uniswap (UNI), a trailblazer in decentralized exchanges,…

PayPal, Venmo to Accept ENS’s Human-Readable Blockchain Names

“We are excited to bring ENS’ naming capabilities directly into the hands of millions of users, through Venmo, PayPal Mobile, and PayPal Web,” said Khori Whittaker, executive director of ENS Labs, in the press release. “As the world of digital assets becomes more mainstream, our goal is to ensure managing those assets is as intuitive and user-friendly as possible.” Source link

Solo Bitcoin Miner Secures $181K Block Reward

“It is not a rare occurrence that a solo miner finds a block, it is just a low probability event,” CryptoQuant’s head of research Julio Moreno told CoinDesk. “However, this has been happening a little bit more frequent as there has been a growth in the production of small ASICs (mining equipment), which is specifically targeted to people that want to mine by their own from their own home.” Source

Second U.S. Firm tZero Said to Become Crypto Broker Dealer Under SEC Oversight

The company – backed by Overstock and New York Stock Exchange parent Intercontinental Exchange (ICE) – said that as soon as early next year, it’ll start opening services for assets including private securities, securitized real estate, art and sports assets. It’ll start with the “full digitization of tZERO’s Series-A preferred equity security,” TZROP, the company said. Source