Day: October 10, 2024

Explosive Growth: NEAR Protocol Caters To 3 Million Daily Users

As of Q3 2024, CryptoRank stated that 3 million addresses were active every day on NEAR Protocol, making it a major player in the blockchain world. This huge number is higher than both Tron (2 million daily active addresses) and Solana (2.4 million daily active addresses) during the same time period. The growth of NEAR is in line with a larger trend in the AI cryptocurrency market. This shows that blockchain and AI are becoming more and more intertwined. This point of contact is driving more and more technological progress…

Ripple Plans ‘Cross-Appeal’ in SEC Case to Preserve Its Arguments

“I don’t think that folks who are paying attention should be much distracted by these efforts to create confusion, because I think the judge got it right, and I think they should welcome the opportunity for the court of appeals to roll on this issue and finally, bring the clarity that we need,” Alderoty said about the appeals court taking up the case – though, he added, the U.S. “really needs a policy solution” from legislators rather than court rulings. Source

Crypto Exchange OKX Goes Live in United Arab Emirates (UAE), Targeting TradFi Institutions, Retail Investors

The opening, nine months after OKX Middle East Fintech FZE was granted full regulatory approval by the Virtual Assets Regulatory Authority (VARA), will allow one of the four biggest cryptocurrency exchanges by volume to offer local residents access to a market without involving a broker who buys liquidity from outside the UAE, usually at a higher price, adding time and friction, said Rifad Mahasneh, the exchange’s general manager for the Middle East. Source

Heather ‘Razzlekhan’ Morgan Should Spend 18 Months in Prison, Prosecutors Tell Court

In addition to requesting jail time for Morgan, prosecutors have asked the court to order her to “return the cryptocurrencies seized by the government directly from the Bitfinex Hack Wallet – including approximately 94,643.29837084 BTC, 117,376.52651940 Bitcoin Cash (BCH), 117,376.58178024 Bitcoin Satoshi Vision (BSV), and 118,102.03258447 in Bitcoin Gold (BTG) valued at more than $6 billion at current prices – as in-kind restitution to Bitfinex.” Source

XRP Could Surge To $60 Overnight Using SWIFT Model: Expert

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Este artículo también está disponible en español. Levi Rietveld, a popular crypto analyst with 122,000 followers on X, has released a new video detailing how XRP could potentially surge to $60 overnight by capturing a fraction of SWIFT’s transaction volume. “XRP will hit $60 overnight with this SWIFT news! Here’s the math!!” he teased via X. How XRP Could Skyrocket To $60 Overnight In his analysis, Rietveld delves into the mechanics of SWIFT, the global financial messaging network that processes a significant portion of international payments. He highlights that SWIFT…

Can Bitcoin Transform Homeownership? A New Vision for the American Dream

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Homeownership has been central to the American dream for decades, but the risks for both borrowers and lenders remain consistent across market cycles. Borrowers face property market volatility, negative equity, illiquidity and the ongoing burden of taxes, insurance and maintenance. Lenders, meanwhile, are exposed to borrower defaults, interest rate risk, prepayment and economic downturns. Original

Ethena (ENA) Picks BlackRock’s BUIDL, Mountain, Superstate and Sky’s USDS for Tokenized RWA Investment

The decision comes after Ethena laid out plans in July to invest its Reserve Fund in RWA-backed products. Some 25 issuers applied for allocation, and the final selection was made by the Ethena Risk Committee, consisting of five voting members of DeFi risk and advisory firms: Gauntlet, Block Analitica, Steakhouse, Llama Risk and Blockworks Advisory, with the Ethena Foundation as a non-voting member. Source

The U.S. Fell Behind in Crypto. It Cannot Afford to Fall Behind in AI

The U.S.’s rise and fall with crypto is a cautionary tale that sets the scene for what could be to come in AI. In early crypto days, the U.S. was the promise land with a plethora of startups and investment funding flowing into the space creating room for innovation, growth and mass adoption. In recent years, this has slowed down due to a lack of regulation and policy. The SEC started bringing in lawsuits and regulatory policies based on pre-crypto laws – essentially trying to fit a round peg into…