Ripio, a leading Argentine exchange, has announced that it has created a Visa-backed decentralized finance (defi) credit card allowing users to put crypto in a liquidity pool as collateral for purchases. The card, currently in the testing phases, will not sell the cryptocurrencies owned automatically but will instead borrow up to 30% of the capital […] Source
The project is offered on both Arbitrum and Avalanche blockchains. Monday’s exploit impacted only the version on Arbitrum as of European morning hours. Source
Solana has gotten a bearish warning despite being one of the best performers over the last year. This prediction goes against the grain of current speculation where a rise to as high as $1,000 has been forecasted for the price. But it seems not everyone shares this sentiment as one crypto analyst has predicted that the auction’s price could suffer a massive 42% crash from here. Solana Price Turns Bearish In an analysis on the TradingView website, crypto analyst Alan Santana has warned that the Solana price is turning bearish.…
Traders, however, are split on the size of the impending rate cut, setting the stage for a potential volatility explosion in financial markets after Wednesday’s rate decision. At press time, the Fed funds futures showed a 50% chance of the Fed reducing rates by 25 basis points (bps) to the 5%-5.25% range. At the same time, markets saw a similar probability of a bigger 50 bps rate cut to the 4.7%-5% range. Original
Ether (ETH) led losses among majors with a 5.5% drop over the past 24 hours, per CoinGecko data, to mark its worst one-day slide since early August. Cardano’s ADA fell 5%, Solana’s SOL lost 4%, while BNB Chain’s BNB emerged as the best performer with a 1.1% loss. Original
The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller institutions following later. The initiative seeks to enhance payment efficiency and reduce costs, with retailers also […] Source CryptoX Portal
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Caroline Bishop Sep 16, 2024 04:58 Etherfuse introduces a Mexican Stablebond on the Solana (SOL) blockchain, aiming to revolutionize financial inclusion and democratize financial systems. Etherfuse, a financial technology company founded in May 2021, has announced the launch of its new financial product, the Stablebond, on the Solana (SOL) blockchain. According to Solana, this initiative aims to enhance financial inclusivity by leveraging blockchain technology to create a more efficient and democratized financial system. Innovative Financial Solution The Stablebond is a cetes-backed token,…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency, and Latam’s neobank Nubank halts trading of its coin. Operation Niflheim: […] Source CryptoX Portal
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…