Day: September 16, 2024

More than 40 Firms Join Central Bank Group BIS to Explore Tokenization for Wholesale Cross Border Payments: Project Agorá

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…

Bitcoin (BTC) Mining Profitability Remains at All Time Lows, JPMorgan (JPM) Says

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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…

Analyst Explains What Could Trigger Crash To $1,800

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Este artículo también está disponible en español. An analyst has explained how losing this on-chain demand zone could cause Ethereum to witness a crash to as low as $1,800. Ethereum Is Currently Retesting A Major On-Chain Support Zone In a new post on X, analyst Ali Martinez has discussed about how Ethereum is looking like in terms of investor cost basis distribution right now, citing data from the market intelligence platform IntoTheBlock. Looks like one range particularly stands out in terms of the number of addresses that bought there |…

Ethereum’s Battle Continues: Coinshares Reports Outflows Persist as Market Recovers

The latest flows report from Coinshares, led by its top market analyst James Butterfill, uncovers a strong recovery in digital asset investments, hitting a total of $436 million. The report emphasizes bitcoin as the frontrunner, while ethereum is still facing challenges with continued outflows. While Bitcoin Bounces Back, Ethereum Deals With Outflows Coinshares’ analysis highlights […] Source CryptoX Portal

El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025

“I announce that this September 30 we will present before the Legislative Assembly for the first time in decades the first fully financed budget, without the need to take a single cent of debt for current spending,” said Bukele on Sunday, during the commemoration of the 203 years of El Salvador’s independence. “El Salvador will no longer spend more than it produces annually,” he continued. “We will not even lend money to pay the interest on the debts that we inherited, we will even pay that from our own production.”…

BitGo Unveils Token Management Service for Crypto Foundations

“When it comes to managing their tokens, these firms encounter a fragmented landscape,” Chen said in an interview. “It’s a mix of non-custodial wallets, web-only solutions, with the need to use a smart contract for distribution. So if I’m the head of operations for some new token protocol, I’ve got to strike up at least two different relationships, manage two to three different integration points, all the while trying to have a successful mainnet launch. It’s a tactical nightmare.” Source

Ethereum price drops to a 41-month low against Bitcoin

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Ethereum continued its freefall against Bitcoin, falling to its lowest level since April 2021. It has dropped by over 55% from its highest point in 2021. Ether’s sell-off is accelerating Ethereum (ETH) was trading at 0.039 BTC, down by 24% this year and by 35% from the year-to-date high. It has also dropped against other cryptocurrencies like Solana (SOL), Binance Coin (BNB), and Tron (TRX).  The same has occurred in US dollar terms, with the coin dropping for four consecutive months, now trading near $2,300 which is its lowest point since…